Author: NBTC
The Russian government’s crypto working group chairman believes Bitcoin (BTC) mining regulation is now a priority for Moscow. After years of infighting and neglect, Russian government bodies, ministries, and the Central Bank finally appear close to regulating the crypto sector. Per the Russian-language media outlet Happy Coin News, the working group’s chair, lawmaker Andreу Lugovoy said Moscow’s “first step in regulation should be crypto mining.” A Russian crypto mining center. (Source: Novaya Gazeta/YouTube) Russian Government Crypto Policy Finally Ready for Rollout? Lugavoy said politicians and regulators were currently “talking mainly about Bitcoin mining.” He added: “The regulation of […] altcoins…
Veteran trader Peter Brandt has recently made a prediction about Bitcoin’s future that might be unsettling if you consider yourself a BTC bull. In his analysis from March 16, shared with his private group, Brandt pointed to the possibility of a significant Bitcoin correction. Brandt laid out three scenarios for Bitcoin’s path forward. The first was a new parabolic advance that might reconnect the lows of November 2022 and September 2023, potentially sending Bitcoin back to $40,000. However, he was not fully convinced this would happen, leaving room for doubt. His second scenario was a correction to Bitcoin’s upper channel…
Tether’s USDT, the largest stablecoin by market value, is now available on mobile-focused layer-1 platform Celo. Celo is currently migrating from a standalone blockchain to a new layer-2 atop Ethereum. The platform focuses on being a mobile-first network that offers multiple stable assets to users globally, but with a focus on emerging markets. The integration of USDT on Celo expands the use cases for stable assets already on Celo, including remittances, savings, lending and cross-border payments, explained the press release. According to the release, a Celo community-focused forum will propose using USDT as a gas currency, which will help make…
Ethereum and its Layer 2 scaling solution, Polygon, attracted the most new users by far in the first quarter of 2024. The latest report by Flipside revealed that these two blockchain platforms have garnered the most cumulative new users among observed EVM chains since the beginning of the year. Polygon boasted 12.3 million new users, and Ethereum had 13.4 million – roughly 70% of new users this year across all observed chains as of March 27. Next up was Arbitrum, recording the most new users (4.7 million) during the same period. Taking into account Ethereum and Polygon’s extensive history compared…
Per the most recent data, we are a month away, or precisely 30 days, from the fourth Bitcoin halving event. This significant milestone will cut the mining rewards from 6.25 bitcoins per block to 3.125 bitcoins per block after the halving. The summary below outlines the essentials to grasp the changes occurring during the halving, including the reduction of the inflation rate from an annual 1.69% to 0.84% subsequent to the event. Bitcoin’s Reward Reduction Countdown Within the Bitcoin network, miners embark on a quest to discover blocks, aiming to earn rewards and accumulate the fees linked to the transactions…
According to a recent report by AlphaQuest, Cardano is among the top chains hosting “Dead Coins.” The research group analyzed over 12,000 crypto projects, arriving at some crucial conclusions, including the death of most of those projects. In a recently uploaded video, an Altcoin Buzz host analyzed AphaQuest’s report, revealing that 72% of all crypto projects created during the 2020-2021 bull run have died. The analyst noted that Cardano and Terra ecosystems are among the top 10 categories with the most dead coins. He further revealed that the average lifespan of most crypto projects lasts only three years. Notably, AlphaQuest…
Celestia, the pioneering modular blockchain network, announced this week the deployment of its data availability solution, Blobstream, on Arbitrum Orbit. This move enables layer 2 (L2) and layer 3 (L3) networks built on the Arbitrum platform to leverage Blobstream for enhanced scalability and cost-effective operations. Blobstream is now live on @Arbitrum One. Developers can soon deploy Orbit chains with Celestia underneath on @Arbitrum One and @Base, the first modular DA integration with *working Nitro fraud proofs* 🏎️ pic.twitter.com/8OfAOFkBat — Celestia (@CelestiaOrg) April 2, 2024 Developed by Celestia in collaboration with Succinct, Blobstream uses zero-knowledge proof to authenticate blockchain information efficiently.…
Prominent crypto analyst Michaël van de Poppe has issued a warning to Bitcoin (BTC) investors, suggesting that the premier cryptocurrency could soon test the $60,000 mark. The forecast comes as Bitcoin displays signs of a bearish trend, with recent price actions capturing the attention of many in the crypto space. Van de Poppe explained that Bitcoin had reached an area of interest to him. He expressed his belief that the price might stay pretty much the same, suggesting that it could test the $60K level around the time of the U.S. Federal Open Markets Committee (FOMC) meeting. He also mentioned…
Bitcoin-based NodeMonkes is Monday’s top-selling non-fungible token (NFT) collection over the 24 hours to noon ET, despite a 46.88% drop in sales to US$2.01 million, according to CryptoSlam. NodeMonkes cooled down after a hot weekend that included a US$3.78 million Sunday, its best single-day performance since mid-March. Two Solana collections, Froganas and Tensorians took the second and third spots respectively, both recording almost US$1.5 million in sales. Froganas topped the charts last Friday while Tensorians led the market last Wednesday. Ethereum-based CryptoPunks had a 152% increase in sales, reaching US$1.23 million. CryptoPunk 2306, changed hands for 320 ETH, roughly US$1.095…
General Updates Neo released its general monthly report for January 2024, which noted the alpha launch of Neo X TestNet, the addition of a new office in Hong Kong, and more. Neo introduced the Neo Japan Community, dedicated to growing the ecosystem in that region of the globe. Neo Japan Community includes dedicated socials such as X, Medium, Telegram, and Discord and is aimed at making Neo ecosystem information available to the Japanese speaking market. FameAI launched an AI brand ambassador, a female character named Naeomi, dedicated to the Neo blockchain. Naeomi is designed to leverage AI to market the…