Author: NBTC
The Biden Administration’s proposed 30% tax on electricity use for digital asset mining operations is raising concerns among crypto miners that they could be priced out of operating in the U.S. market communities. Crypto miners in the United States represent over 29% of the total nodes on the Bitcoin network. But that percentage may fall if costs increase and other locations become more attractive. One emerging option is the Middle East region, where taxes tend to be lower, energy is often bountiful, and environmental regulation is generally less onerous. The Oman government has invested more than $800 million in crypto-mining…
The Shiba Inu ecosystem team teases an “exciting transformation” involving the NFT project from its long-term partner Welly Friends. The team disclosed this in a recent post on X, spotlighting the NFT update dubbed Horizon Expands. This update, which breathes new life into the Welly Friends NFT collection, will feature hand-drawn art that replaces the previous 3D renderings. In the announcement, the Shiba Inu ecosystem team called attention to revelations made by the team behind Welly Friends in an X Spaces session. Details suggest an artistic reimagining of every Welly Friend NFT. 1/8 Get ready for an exciting transformation! The…
Ethereum (ETH) is on the brink of a substantial recovery, as indicated by prominent crypto analyst Ali Martinez. The analyst’s recent tweet has sent ripples across the digital asset sphere, highlighting a crucial technical indicator that suggests ETH’s potential for a notable price upswing. Renowned for his keen observations within the crypto market, Martinez took to X to explain that the TD Sequential of ETH has revealed a buy signal on the daily chart. He noted that this crucial signal indicates the potential for the Ethereum price to experience a rebound spanning one to four candlesticks. The TD Sequential presents…
After the AK Party announced the cryptocurrency bill, investors who kept their investments in global stock exchanges felt uneasy with the statement that “foreign stock exchanges are being banned.” So are foreign exchanges really banned? Should investors holding crypto assets on foreign exchanges withdraw their money? According to the proposal announced by AK Party Group Chairman Abdullah Güler, a licensing system is being introduced for crypto asset exchanges in our country, as in the USA and many European countries. Foreign exchanges that operate abroad and have not yet established a company in Turkey will be able to operate in our…
SkyBridge Capital founder Anthony Scaramucci says Bitcoin (BTC) is on track to soar more than 200% within 12 months. In a new interview on CNBC Squawk Box, the hedge fund veteran says that the expected continual adoption of Bitcoin will keep driving the value higher and reduce price volatility. “I wish I could understand the price moves myself. Where I’m coming from is a little bit of longer-term as opposed to just the week-to-week or day-to-day price movements. I think the point I’m trying to make is that Bitcoin is on that adoption curve. If you go back to Web…
In a groundbreaking development for decentralized finance (DeFi) on the Bitcoin blockchain, Velar, a leading Bitcoin DeFi innovator, has announced a strategic partnership with Bitlayer. Together, they are launching Velar Artha, the world’s first Perpetual Decentralized Exchange (PerpDex) on Bitlayer’s EVM-compatible Bitcoin Layer 2. This pioneering PerpDex will enable the trading of a variety of assets through perpetual contracts directly on the Bitcoin blockchain, bringing unprecedented opportunities for traders. The new platform ensures the highest levels of security and full decentralization for all transactions, leveraging Bitcoin’s robust infrastructure. A New Era for Bitcoin DeFi The partnership marks Velar’s first venture…
The previous week, wallets using Solana non-fungible tokens saw a price surge. This increase in activity is a tangible reflection of the huge popularity and growing participation in the Solana NFT system. Solana is one of the top-notch non-fungible token platforms, followed by Bitcoin and Ethereum. The Solana nonfungible token has eventually become a stupendous hit among first-time users. Top NFT collections drive the price in Solana NFT collections, with an appreciation rate of 4% punctuating this. Solana’s non-fungible token volumes have increased slightly, positioning them as market leaders in NFT collections. On May 15, however, their price tag increased…
As May approaches its end, a significant number of market watchers are keen to find out whether the U.S. Securities and Exchange Commission (SEC) will approve a spot ethereum exchange-traded fund (ETF). Although Grayscale retracted its plan to convert its Ethereum Trust into a publicly traded ETF, the fund’s discount to net asset value (NAV) currently sits at a 23.78% discount. Grayscale Ethereum Trust Continues to Trade at Steep Discount When Grayscale transitioned its Bitcoin Trust (GBTC) from an over-the-counter (OTC) traded entity to a publicly traded ETF, the discount on NAV reduced and stabilized after previously dropping to 40%…
Baltimore-based Morgan State University has received a $1.05 million grant from Ripple, according to a Tuesday announcement. The investment will further contribute to the development of the university’s National FinTech Center. The center has emerged as a hub for blockchain research, allowing students to develop their skills in such areas as digital assets, blockchain, payment systems, and so on. The latest investment from Ripple will make it possible for MSU to be “at the forefront” of the ongoing “fintech revolution,” according to Ali Emdad, the center’s founding director. Ripple initially forged a partnership with MSU back in February 2019, promising…
Data shows the most resilient Shiba Inu holders command an astonishing ROI of 1,865,428% today compared to risk-averse savings account holders. Shiba Inu remains a widely followed cryptocurrency, with its holders numbering in the millions—surpassing the population of over 105 cities in the United States separately. SHIB gained prominence amid its meme-inspired origin, generating significant profits for hold. However, during market downturns, meme cryptocurrencies such as Shiba Inu tend to experience sharper declines than other crypto asset classes. For instance, the seventh largest crypto XRP crashed 10% from $0.53 to $0.48 between April 21 and May 1. During the same…