Author: NBTC
January is considered the coldest month in the United States. In the first month of 2025, the country suffered an Arctic blast, causing the average temperature of states like Texas to drop as low as 11 degree celsius. Data suggests that the country’s current cold weather condition has affected the Bitcoin mining industry severely. Let’s dive in to understand how the Arctic Blast has disrupted the mining industry. US Bitcoin Mining and Texas’s Role The United States is a prominent player in the BTC mining industry. It controls at least 36% of the global bitcoin mining industry. Importantly, Texas, a…
While Bitcoin is often considered a hedge against inflation, it does have a positive inflation rate of 0.83%. Bitcoin’s inflation is extremely low compared to the dollar’s peak of 9.1% in 2022. However, when we compare the cumulative inflation rate for both Bitcoin and the US dollar, we see the true strength of Bitcoin’s role in preserving wealth. From 2020 to 2025, Bitcoin rose roughly 960%, whereas the US Dollar Index (DXY), which measures the US dollar against a basket of other currencies, rose just 12% in nominal terms. Bitcoin’s inflation-adjusted price and the DXY, normalized for inflation, provide critical…
ETH’s price hovers near $3,128, showing bullish divergence supported by RSI buy signals and Target 4 stability. A close above the descending trendline and a MACD bullish crossover is crucial for confirming bullish momentum. The $3,000 support and $3,400 resistance levels are key for potential breakout and trend reversal in Ethereum’s price action. Ethereum’s daily chart has demonstrated a bullish deviation, indicating probable upward momentum in the cryptocurrency’s price movement. The split is supported by technical signals, including an RSI buy signal, as the market holds steady near Target 4. Despite these developments, certain milestones are yet to be achieved…
The Trump team has offloaded $500 million worth of their newly launched TRUMP tokens, holding on to 85% of the total supply, according to blockchain analyst Conor. “From what I can see on-chain, Trump has sold approximately $500 million of tokens so far,” Conor said, adding that every single circulating token has either been sold or provided as liquidity. On-chain data about the distribution of TRUMP tokens. Source: X (Arkham Intelligence) Data shows $20 million worth of TRUMP tokens were sent to Bybit in just seven hours, while most of the USDC reserves tied to these transactions were funneled into…
Jesse Powell, co-founder of Kraken exchange, has publicly supported Bitcoin Cash advocate Roger Ver, who is currently battling tax-related charges from the US Department of Justice (DOJ). In a Jan. 27 post on X, Powell questioned the integrity of the evidence presented by the Internal Revenue Service (IRS) and highlighted potential flaws in the case. According to him: “[The authorities] just don’t like [Ver] and they want to get him, and they will use any excuse they can to get him or make his life hell for as long as they can.” Ver, a long-time crypto promoter, was indicted in…
Civic has officially joined the Gelato Network’s Rollups-as-a-Service (RaaS) marketplace, enabling developers to seamlessly integrate privacy-focused user verification tools into their blockchain rollups. This collaboration aims to address the increasing challenges posed by bots and fake users in decentralized applications. Through Gelato’s marketplace, developers can now access Civic’s verification solutions i.e., the Civic Pass, with just one click. 1/ 🎉 Exciting news! @civickey is now part of the @gelatonetwork Rollups-as-a-service (RaaS) marketplace! Developers can now request Civic’s privacy-first user verification tools in just 1 click 👉 https://t.co/0RL8udS6vm — Civic (@civickey) January 28, 2025 The Civic Pass provides on-chain identity verification…
Semler Scientific, Inc. acquired 237 Bitcoins between Dec. 16 and Jan. 10, at an average price of $98,267 per token. These purchases increased the company holdings to 2,321 Bitcoin (BTC), according to a company release. Semler’s cumulative investment in Bitcoin now stands at $191.9 million, with an average acquisition price of $82,687 per BTC. The purchases were funded through proceeds from an at-the-market offering and operating cash flow. The medical device manufacturer has previously stated that it is “laser focused” on acquiring and maintaining a larger Bitcoin reserve after its holdings exceeded 1,050 BTC. “We will continue to pursue our…
Ethereum, the second-largest cryptocurrency by market capitalization, is on track to maintain a consistent pattern from its historical trends. Since its launch in 2017, Ethereum’s price has ended all but one of the following Februarys with a positive return. This trend is so pronounced that many crypto analysts view February as a bullish month for Ethereum and use it to predict altcoin market behavior for that time of the year. Ethereum’s February Performance Except for February 2018, when Ethereum’s price dropped 24% within the month, the remaining seven Februarys have seen the altcoin close with positive returns. 2017 marked Ethereum’s…
The ongoing hype surrounding approvals for a Litecoin exchange-traded fund (ETF) has triggered an unusual boost for LTC. IntoTheBlock data shows approximately 80% of addresses in the Litecoin network are profitable, demonstrating the bullish momentum. Analyzing IntoTheBlock data The data shows 6.53 million addresses; approximately 80% of tracked addresses are “in the money” or amassing profit. Addresses out of the money or recording losses total 1.26 million (15.42%). Meanwhile, Litecoin addresses the break-even point of 366,210, or 4.49%. Notably, the profit occurred amid heightened expectations of a potential Litecoin ETF launch. As reported earlier by U.Today, Bloomberg’s Senior ETF Analyst…
Sony Block Solutions Labs presents “Soneium Conquest”, a four-week interactive blockchain initiative that combines learning, gamification, and engagement. The activity is aimed at introducing creators, developers, and enthusiasts to the Soneium ecosystem, opening the doors to the future of web3. Let’s see all the details in this article. Sony BSL inaugurates the future of Web3 and blockchain with “Soneium Conquest” The impact of Web3 on digital connections Sony BSL inaugurates the future of Web3 and blockchain with “Soneium Conquest” Sony Block Solutions Labs (Sony BSL), part of the Sony group and founded in Singapore in 2023, has announced the launch…