Author: NBTC
On Thursday, Bitcoin (BTC) experienced further declines amid ongoing pressure from higher U.S. interest rates and escalating geopolitical tensions in the Middle East. Analysts are closely watching BTC’s price movements as it approaches a critical moment, the Bitcoin halving which is expected to happen sometime around April 19 or 20. Despite attempts to stabilize above the $65,000 threshold, BTC’s price has struggled, signaling a bearish trend. Crypto analyst Ali Martinez highlighted in an X (formerly Twitter) post on April 18, that Bitcoin had entered a consolidation phase within a defined trading channel, identifying $61,000 as a critical support level. At…
In a recent revelation, on-chain data from Etherscan has brought to light a massive withdrawal of nearly 1 trillion PEPE tokens from Binance, the world’s leading crypto exchange. The withdrawal, amounting to a staggering $7.76 million, has raised eyebrows across the community. What sets this withdrawal apart is its origin from an undisclosed address utilizing a multi-signature Gnosis Safe Proxy wallet. Such wallets employ a sophisticated mechanism requiring multiple signatures for transactions, enhancing security and control over assets. This enigmatic move comes hot on the heels of another significant withdrawal by the same address just a day prior, totaling 322.48…
The Bitcoin (BTC) halving, a major event that will cut miners’ primary source of income in half, is just around the corner. Despite this daunting prospect, analysts suggest that larger publicly traded miners are well-equipped not only to survive the halving but also to thrive. “We believe a Bitcoin price above $60,000-$65,000 means halving risk is eliminated for nearly all public miners,” John Todaro, an analyst at Needham, said in a note to clients. Currently, the cost for miners to mine a single Bitcoin ranges from $36,000 to $52,700. Despite Bitcoin’s recent decline, BTC is still trading above $60,000. “With…
In response to a recent observation that raised privacy concerns, vocal Dogecoin community member Mishaboar has echoed the principles laid out by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. As outlined in the original whitepaper released in 2008, Satoshi envisioned privacy, which ties into the idea of decentralization. While Bitcoin’s blockchain is transparent, Satoshi acknowledged the need for privacy, suggesting that users could maintain anonymity by keeping their public keys secret. Satoshi wrote that the traditional banking model achieves a level of privacy by limiting access to information to the parties involved and the trusted third party. The reverse occurs…
When the halving occurs this weekend, it will be the most expensive ever. Bitcoin’s price has sextupled since the last halving and is up nearly 100X since the prior halving in 2016. The mining reward is widely anticipated to spike to all-time highs courtesy of the on-chain Runes launch as well as a new ‘Epic Sat’ worth at least seven figures USD. On every metric imaginable, the event will be rich. Large parties are planned globally, warm-up destination parties charging more than $800 for a ticket have already sold out, and Bitcoiners are trading impromptu ‘futures’ for a payout from…
A ‘bull market’ filled the air since the beginning of 2024, with Bitcoin reaching the heights of $73.6K. However, things have changed as we hear more whispers of a ‘bear market.’ It’s a change that comes after Bitcoin’s value dropped by 16% from its ATH. Looking at what people are saying, there’s less excitement about buying and more talk about the market being in a slump. This might actually be good news in a weird way. In the past, when most traders thought the market will fall and a new bear market begin, it did the opposite. With the Bitcoin…
The cryptocurrency community is abuzz with anticipation as fintech giant Ripple teases progress on its much-awaited stablecoin. This development marks a significant milestone for Ripple and the XRP Ledger ecosystem. At the recent XRP Las Vegas conference, Ripple CTO David Schwartz presented everything about XRP Ledger, including AMM, lending protocol, the future Ripple stablecoin, AI and crypto. The XRP community listened intently to the Ripple CTO’s remarks, drawing a few deductions from his presentation at the conference. One of the takeaways that was shared by some XRP community members was that further details on Ripple’s stablecoin will be disclosed in…
Bitcoin’s (BTC) price has continued to drop in the short term, with the asset facing threats of dipping below the $60,000 mark. Indeed, the situation has resulted in overall market uncertainty, especially considering the crypto industry is mere hours away from the Bitcoin halving event. Given the recent market trajectory, cryptocurrency analyst CryptoCon, in a post on X (formerly Twitter) on April 17, suggested that the current correction is a necessary step towards stabilizing its price in the long term. With the projected drop in price, the analyst highlighted key levels to watch before Bitcoin finds some stability moving forward.…
Amidst the crypto market’s recovery from the downturn in early May, there remains an influx of new projects. Some of the projects are attracting investor interest in specific metrics as they move to take a share of the market. In this regard, Finbold has identified a selection of top new cryptocurrencies with substantial trading volume based on data retrieved from CoinMarketCap. Friend.tech (FRIEND) Friend.tech (FRIEND), the decentralized social network launched in August 2023, leads with a trading volume of $66.73 million. Despite this impressive figure, the platform initially faced significant setbacks as its native token experienced a drastic 98% drop…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…