Author: NBTC
Crypto trading volume has tumbled 75% from March’s high as frenzied trading in altcoins eased off. The slowdown raises a question about the sustainability of lofty market valuations for coins other than bitcoin and ether, Matrixport said. Daily trading volume on South Korea’s biggest cryptocurrency exchange has tumbled 75% from this year’s high in a sign that frenzied trading in alternative cryptocurrencies (altcoins) has fizzled and digital assets other than market leaders bitcoin (BTC) and ether (ETH) may struggle to maintain lofty valuations. Upbit, which lists 192 cryptocurrencies and offers trading in 309 pairs, registered just $3.79 billion of volume…
Arkon Energy US Holdco LLC, a leading player in Bitcoin mining infrastructure, has placed a significant order with Bitmain Development Pte. Ltd. for 27,700 new-generation Bitcoin mining machines, according to a press release sent to Bitcoin Magazine. This purchase includes 14,200 T21 machines and 13,500 S21 machines, with deliveries slated to commence in June 2024. “We are very excited to announce the purchase order of 6 EH/s worth of new generation Antminer S21s and T21s from Bitmain,” said Founder and Chairman, Josh Payne. “This transaction marks a turning point for Arkon, as we become a vertically integrated operator of both…
In a landmark development, GF Securities, a leading investment banking giant based in Hong Kong, has announced the launch of Hong Kong’s first tokenized commercial paper on the Ethereum blockchain. This move, reported by the HKEJ, seeks to introduce a major advancement in the local digital asset ecosystem and also cement Hong Kong’s position as a leader in the integration of traditional financial systems with blockchain technology. For the uninitiated, tokenization involves the conversion of the rights to an asset into a digital token on a blockchain. GF Securities’ initiative is a response to the growing global interest in the…
The upcoming Bitcoin (BTC) halving in April 2024 and potential regulations pose an existential threat to independent Bitcoin miners already struggling to compete with large corporate mining operations, according to a Bitfinex report. While publicly traded companies like Marathon Digital Holdings and Riot Blockchain have scaled rapidly thanks to Wall Street funding, smaller independent miners lack the capital to negotiate favorable energy deals or invest in cutting-edge mining hardware. “For independent miners to remain viable, they will need to innovate and possibly collaborate,” Bitfinex analysts said in the report. “Mining pools, for instance, offer a way for smaller players to…
According to reports, OKX conducted the 23rd OKB repurchase and burning on March 16. The renowned cryptocurrency exchange burned approximately 11.48 million OKB, equivalent to about $744 million, again setting a new high. OKX conducted the 23rd OKB repurchase and burning on March 16. The number of OKB was approximately 11.48 million, equivalent to approximately $744 million, once again setting a new high. OKX previously stated that it would be burned based on market and operational performance,… — Wu Blockchain (@WuBlockchain) March 16, 2024 It is essential to note that OKX previously stated it would burn OKB based on market…
A whopping 12 million active users can use $FLOKI to pay merchants within the Binance app’s marketplace for services like booking flights, booking hotels, buying gift cards, and mobile top-ups. It is exciting to know that $FLOKI can be used to buy luxury cars at the LG Group in France, buy properties at Bin Faqeeh Bahrain, book hotels or flights at Travala, shop at e-commerce retailer Farfetch and leading French department stores, make payments at up to 5000 POS terminals in Bahrain, paying in supermarkets apart from paying at pharmacies. Making instant, secure, and borderless payments has become a reality…
Bitcoin miners earned over $2 billion in March, reaching a new all-time high. According to The Block analytics, the previous all-time high was reached in May 2021, when miners’ total income amounted to $1.7 billion. Miners’ earnings consist of rewards for mined blocks and transaction fees on the Bitcoin network. Of the total revenue in March, $85.8 million came from transaction fees, a record monthly figure. Source: The Block You might also like: What will happen after the Bitcoin halving? Experts weigh in on historic moment The leader was the mining pool Foundry USA, which mined 1,312 blocks, 29.74% of…
Blockchain: Distributed Database AI: The Cognitive Engine that Empowers Machines Blockchain and AI: Use Cases Enhanced Security and Fraud Prevention Decentralized Data Storage Smart Contracts and Automation Possible Benefits of AI and Blockchain Integration Possible Risks of AI and Blockchain Integration Final Thoughts The AI narrative has emerged as one of the top three narratives in the current bull run, and it emphasizes the revolutionary nature of AI. The other two narratives poised to succeed this cycle along with AI include Memecoins and real-world assets (RWA). Adding more to this, GameFi’s union of gaming and decentralized finance is also creating…
TOZ Universe announces its partnership with ALTAVA, which specializes in helping NFT items and metaverse platforms by providing necessary opportunities to enhance the experience of real-world brands by considering its virtual spaces. Through this partnership, different methods to incorporate the AI-driven 3D fashion of ALTAVA can be expanded into the ANIPANG world. Through this, creative innovation in the fashion world can be initiated. This algorithm allows a virtual trial experience for consumers to see their looks carrying new attire. It is made to use computer vision to analyze body shape sizes. Through this, community engagement and collaboration can be promoted…
Bitcoin, the world’s leading cryptocurrency, started the last week of March on a high note, with an increase of approximately 6% and reclaiming the $ 70,000 level. According to CoinMarketCap data, BTC price was last recorded at $70,701, an increase of 7.66%. Another major cryptocurrency, Ethereum, also saw a significant increase, rising 5% to $3,631. The positive trend was not limited to these two, as most other cryptocurrencies also got caught up in the Bitcoin wave. This increase follows a one-week correction for Bitcoin, which hit an all-time high of $73,797.68 on March 14. Alex Thorn, head of firmwide research…