Author: NBTC
Justin Sun has published numbers for revenue and profit for the third quarter, with both of them meeting expectations and setting the right tone for the final quarter of 2023. Sun has said that the group has collectively registered an increase of 14% in revenue for Q3-2023. The Justin Sun group has HTX, TRON, TUSD, and Poloniex. The rise is in comparison to the previous quarter, that is, Q2-2023. The community is now confident that better times will come as they move into the next year. As for setting the tone for the fourth quarter of 2023, Justin Sun said…
Glassnode’s latest report analyzes Bitcoin’s price dynamics and discloses insights that could enhance your investment strategies. Glassnode’s in-depth analysis focuses on capital rotation in digital assets, an essential factor nobody pays attention to. This report introduces strong indicators to decode Bitcoin price movements. Whether you’re a seasoned trader or a novice investor, these findings are your key to unlocking the full potential of your Bitcoin holdings. Are you making the most of your Bitcoin investments, or have you ever considered Bitcoin mining’s possibility to gain massive profits? Let’s dive a bit deeper into what determines the price of Bitcoin and…
IOTA has introduced a cryptographic commitment. Slot Commitment Chains help to sync ledger data among nodes by eliminating unnecessary pieces of information and compressing imperative pieces into local snapshots. Slot Commitment Chains is live on IOTA 2.0, establishing that IOTA will continue innovating at all stages. It serves three basic functions:- Stability & integrity via dynamic availability plus fork resolution Tracing Slot Commitment Chains to the Genesis Block to sync Tangle Executing Finality at the same level It has a basic structure that is based on the fundamentals of the block header of a blockchain. The node-issued block contains Slot…
Bitcoin was once trailing below the $25 mark. The token has now surged to over $29k. It was last seen trading around $29,450.28 while drafting this post. This is an increase of 3.86% in the last 24 hours, and we hope that it will bounce back to the all-time high mark after the halving process. BTC has a lot to do with the bullish sentiment and speculation that ETF approval is on the table for finalization by January 2024. Recent Surge in Bitcoin Sparks Optimism The most recent performance of BTC dates back to merely 24 hours. That duration has…
MultiversX has teased its upcoming product, xAI, to the community, highlighting that it will tentatively be rolled out in the next month. What xAI does is pretty amazing, bringing a blend of artificial intelligence and blockchain technology. It has been designed to assist users in the world of Web3. Per MultiversX, the product will enable developers to make a transition from Web2 to Web3. It leverages the potential of blockchain technology, wherein it displays the ability to learn at every stage. This includes learning new terms, concepts, and tech slang, among others. Artificial intelligence aims to eliminate the barrier of…
Bitcoin is above $30k at the time of articulating this piece. The community is in joy for obvious reasons. However, experts are busy decoding the mechanism that has backed this rise. One of the key elements to have come up is Fund Market Premium. The concept in itself is directly correlated to how BTC behaves. For instance, a positive premium signals that the price will rise because the sentiment among holders is optimistic. Simply put, Fund Market Premium is the difference between the market price of the financial asset and its Net Asset Value. A negative premium signals that the…
Shiba Inu recently announced a new addition to Shibdentity, Shib Name Service. The service is a major step toward developing Shiba Inu’s decentralized identity platform, Shibdentity. The platform will empower users to control and own their digital identities. Shib Name Service (SNS) is bringing human-readable addresses to the ecosystem. Currently, users own wallet addresses filled with random numbers and alphabets. However, with SNS, users can get customized addresses to send and receive tokens. For instance, a perplexing address such as “0xc0c9ccg5f5411d2bbma4” can be transformed into Raymond.shib. This is not the only advantage that SNS provides, as it also facilitates: Decentralization:…
Bitcoin’s current standing in the cryptocurrency world is undeniably noteworthy. Having surged past the challenging $32K resistance, it is on a trajectory towards its all-time high. Bitcoin serves as the flagship digital currency, setting trends and benchmarks for the entire crypto landscape. Its continued ascent underscores its role as a store of value and investment asset. The crypto community closely monitors Bitcoin’s moves, and its performance is often seen as a parameter of a broader digital asset market. With this steady climb, Bitcoin remains a central player shaping the future of cryptocurrencies. Bitcoin’s Ongoing Battle with Final Resistance After crossing…
Kadena has announced its partnership with Ideasoft. The objective is to introduce EVM interoperability through Hyperlane. It has been described as simply bringing the next-generation bridge to the ecosystem. Some of the key components that go live under this association are: DeFi financial instruments are gaining recognition and higher usage Staking opportunities that have eluded the ecosystem till now Higher interaction with dApps, allowing a larger user base to access facilities supported by an intuitive user interface Increased liquidity and better potential for stablecoin EVM-compatibility, which is the core of Kadena joining hands with Ideasoft Kadena chose Hyperlane over all…
Those burned by the last big Bitcoin bull run are rightfully skeptical that another one is here so soon. However, a trend strength indicator is now confirming the existence of a new bullish trend emerging. Are bulls finally back in control over crypto? Sidelined investors and traders will want to pay attention. How Technicals Could Confirm A New Bullish Trend In Bitcoin Bitcoin price is pulling back after a few failed attempts to make it though $38,000 resistance. This sudden weakness after a major breakout is both reassuring for bears and confusing for bulls. Those on the sidelines still aren’t…