Author: NBTC
Bitcoin maximalist Michael Saylor, who cofounded MicroStrategy business intelligence behemoth and is currently the company’s executive chairman, has taken to his X social media (formerly widely known as Twitter) account to deliver a Bitcoin message to the global community of Bitcoiners. Michael Saylor shares “BTC optimistic” message The world’s leading cryptocurrency is struggling to break above $63,000, which it lost on Monday for the third time recently and, prior to that, it had plunged from the $69,800 level on June 12. Saylor tweeted: “Be Different,” using the Bitcoin symbol for the letter “B.” ₿e Different — Michael Saylor⚡️ (@saylor) July…
Although Spot Ethereum ETFs experienced inflows on the first day, they continue their negative course with outflows in the following days. Stating that ETH ETFs also follow the Bitcoin ETF process, analysts think that the outflows in Grayscale Ethereum Trust may end in the near future if they continue at this rate. At this point, the majority of analysts state that these declines in ETH provide a buying opportunity. However, SynFutures CEO and co-founder Rachel Lin stated that she did not agree with this view and said that she expected a negative picture for ETH investors in the short term.…
Meme coins inspired by former President Donald Trump rose higher on Sunday following President Joe Biden’s announcement to end his re-election bid and pull out of this year’s race. Political candidates during this election cycle have continued to garner interest from punters of the blockchain betting site Polymarket, as well as renewed interest in meme coins. Solana-based Trump meme coins, Doland Tremp (Tremp) and TrumpCoin (DJT), rose more than 10.5% and 6.5% on the day shortly after Biden made his announcement on X. Ethereum-based meme coin Maga Hat (MAGA) also rose by more than 7%, according to CoinGecko data. Both…
Zero-knowledge SNARK (Succinct Non-Interactive Argument of Knowledge) refers to a process where one can demonstrate knowledge without revealing that information and without the prover and verifier interacting. “The development represents a major leap forward for the BitVMX proving system, demonstrating the ability to challenge and validate the execution of a SNARK verifier on-chain,” Rootstock’s team said. Bitcoin layer 2 Rootstock has interactively verified a SNARK proof in a potential breakthrough for the development of zero-knowledge proofs on the original blockchain network. Rootstock verified the SNARK using BitVMX, which is Rootstock’s modified version of BitVM, a computing paradigm designed to allow…
According to a recent report by CCData, a digital asset data provider, the Bitcoin (BTC) price is likely to see a new all-time peak in 2024. It noted that previous cycles featured a parabolic advance, a short period of extreme price appreciation, that is yet to occur this time around. CCData’s report claims that the current bull cycle could end up expanding into 2025. There has been plenty of speculation about the interconnectedness of quadrennial block reward reduction events and Bitcoin’s price performance. This cycle is unusual due to the fact that Bitcoin broke a prior peak and reached its…
Post the Spot Ethereum ETFs launch, the ETH price has continued to struggle unexpectedly, proving that the launch of the Spot ETFs were a ‘sell the news’ event. So far, the second-largest cryptocurrency by market cap has lost around 10% of its value since the Spot Ethereum ETFs trading began on Tuesday, July 23, and could see further decline from here, according to an analysis from Matrixport. Spot Ethereum ETFs Triggers Selling Following the launch of the Spot Ethereum ETFs, there was a lot of excitement in the market, especially around the fact that investors could now gain exposure to…
The cryptocurrency market experienced a major recovery last week, with the Bitcoin price surpassing the $67,000 threshold as the likelihood of Donald Trump being elected US President increased. However, there will be large token openings in many altcoins in the new week. Here is the special token lock opening calendar we have prepared for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Safe Market Value: $564.92 million Amount of Tokens Unlocked: $50.63 million (8.96% of market cap) Date: 22 July 2024, 09:00 AltLayer (ALT) Market Value: $172.15 million Amount of Tokens Unlocked: $1.03 million (0.60% of market…
HIVE Digital Technologies Ltd., the Bitcoin miner from Wall Street (Nasdaq: HIVE) announced plans to construct a 100-megawatt BTC mining operation in Paraguay, aiming to double its revenue and significantly boost its hashrate capacity. The Vancouver-based company, which specializes in green-focused data centers, intends to power the facility using clean energy from the Itaipu hydroelectric dam. This expansion is expected to increase HIVE’s global Bitcoin mining capacity from 5.6 to 12.1 exahash per second (EH/s) within the next year. Frank Holmes, Executive Chairman of HIVE “This represents a significant milestone in our diversified growth strategy,” Frank Holmes, HIVE’s Executive Chairman,…
The total value of assets locked in Ethereum Layer 2 systems has reached nearly $44 billion, according to L2BEAT. These Layer 2 solutions are designed to enhance Ethereum’s scalability and efficiency, making transactions faster and cheaper. Here is the detail of the top Layer 2 projects based on their Total Value Locked (TVL) in USD. Top Ethereum Layer 2 Projects by Total Value LockedThe total value of assets locked in @Ethereum #Layer2 systems is almost $44B at the moment, according to @l2beat. Let’s compare the top Layer 2 projects by current TVL in USD, including @Arbitrum $ARB, @Base, @Optimism $OP,……
Bitcoin’s price made a positive start to the week, soaring 5% within the daily timeframe to reach the $63,700 mark on July 1. Rising accumulation among bullish traders could propel BTC further upwards in the days ahead. Bitcoin price kicks off July with 5% Surge The global crypto market was subject to intense volatility in June 2024. While buyers remained active, several bearish events, including the US Fed deciding against an H1 2024 interest rates cut and delays surrounding the Ethereum ETFs launch, have prevented the market from maintaining an upward momentum during the month. Bitcoin closed the June 2024…