Author: NBTC
Last week, the price of bitcoin took a tumble, and right alongside it, the network’s computing muscle flexed down from a whopping 806 exahash per second (EH/s) on Dec. 14 to a mere 771 EH/s by Dec. 21. However, over the past three days, the hashrate has bounced back, rising by 11 EH/s from its recent dip. From Record Highs to Sudden Dips Just when bitcoin miners were starting to bask in the glow of those sky-high prices and the extra cash rolling in, the price of bitcoin (BTC) took a nosedive. On Dec. 17, it soared to an all-time…
The biggest cryptocurrency in the world, Bitcoin is losing its hold on market supremacy, therefore changing the crypto scene. Analysts believe cryptocurrencies may soon take the spotlight as their market share drops to 55.80% and a confirmed sell signal flashes for the first time since 2020. As Bitcoin’s price battles to sustain its momentum and falls below important trendline support, this sentiment picks traction. Bearish Signals Trigger Altseason Conjecture The relative strength index (RSI) indicating Bitcoin’s dominance is trading below its midline, therefore reinforcing negative expectations. Such situations have historically cleared the path for what is known as “altseason”—a time…
BlackRock, had purchased a substantial $1 billion worth of Bitcoin over the past three days. Exchanges have witnessed a significant outflow of $963.35 million in past four days. BTC has broken out of a symmetrical triangle price action pattern and is heading toward the $100,000 mark. Bitcoin (BTC), the world’s largest digital asset by market capitalization is witnessing a shift in sentiment toward the bullish side. On December 4, 2024, blockchain intelligence firm Arkham made a post on X (formerly Twitter) that BlackRock, the world’s largest asset manager had purchased a significant amount of Bitcoin. BlackRock Buys $1 Billion of…
As Ripple gears up for the launch of the RLUSD stablecoin, the XRP community is on high alert. Ahead of this key milestone, Ripple has issued an important warning. In a recent tweet, Ripple announced, “RLUSD is launching soon. Stay vigilant and report any impersonations or scams.” This message highlights the importance of caution as the RLUSD launch date approaches. $RLUSD is launching soon!Stay vigilant and report any impersonations or scams. https://t.co/yqnAdBQSfW — Ripple (@Ripple) December 10, 2024 Excitement is building around RLUSD, which has now gained final approval, making the XRP ecosystem a potential target for bad actors looking…
QORPO, a leading game development solutions provider company, has come into association with the giant global computing service Amazon Web Services (AWS) to advance game solutions using cloud and generative artificial intelligence. This partnership focuses on improving the scalability factor and operation optimization and introducing new features to the web3 gaming division, which features games such as ‘Citizen Conflict’ and the newly released ‘AneeMate’. QORPO x AWSAs a proud participant in the AWS Accelerator program, QORPO is leveraging the cutting-edge power of @awscloud technology to drive innovation, scalability, and successTogether, we are bringing generative AI into gaming and transforming the…
Prosegur Cash opens Argentina’s first crypto custody bunker, enhancing security for corporate crypto assets with offline storage. The facility utilizes technology designed by former Israeli secret service agents, akin to missile defense systems. Prosegur Cash, a Spanish firm specializing in cash transport and custody, recently inaugurated Argentina’s first cryptocurrency storage bunker through its Prosegur Crypto division. This information was disclosed by Fernando Geijo, Global Director of Communication, on the social media platform X. The new facility was opened following authorization from the National Securities Commission (CNV) of Argentina. Located at Prosegur’s main office in Buenos Aires, the bunker offers corporate…
Many events have occurred on the cryptocurrency market amid the latest price drawdown. Whales, within the last few days, have engaged in opportunistic buying as the price of assets suffered a slight decline. Notably, XRP whales made significant purchases to capitalize on the trend. Whale activity signals confidence amid market decline Ali Martinez, an on-chain analyst on X, observed that crypto whales bought more than 100 million XRP amid price fluctuations. These whales took advantage of XRP dropping below the $2 support level to snap up the token. In the recent dip, whales bought over 100 million $XRP! pic.twitter.com/xU2YscIkvj —…
5ireChain announced a strategic partnership with Kima Network, a cross-ecosystem payment transfer protocol that enables secure and smooth DeFi and traditional finance interoperability without smart contracts. 5ireChain, a protocol that strives to enhance business processes and improve efficiency through blockchain technology, revealed the matter today on the X platform. By integrating their groundbreaking technologies, the two platforms developed a more interconnected and robust blockchain infrastructure that supports smooth and secure cross-chain interactions. Certainly, the two projects leverage the unique strengths of their networks, creating massive advancements in the Web3 world. #whatscooking5ireChain x Kima🤝👉Together with @KimaNetwork, we’re unlocking seamless blockchain interoperability,…
The crypto market remains relatively stable during the Wednesday market session as Bitcoin price struggles to sustain above $95,000. While the consolation projects a lack of dominance from buyers or sellers, the formation of a pennant chart pattern and whale buying signals an immediate breakout. By press time, the BTC price had traded at $96.930 with an intraday gain of 1%. According to Coingecko, the asset’s market cap surged to $1.94 Trillion, while the 24-hour trading volume is at $87.2 Billion. Key Highlights: The Bitcoin price teases a bullish breakout from the pennant pattern for a leap above $100k. The…
Open Builders, the team behind hit tap-to-earn Telegram game Notcoin, revealed the Earn launchpool platform on Wednesday, letting holders of tokens from Notcoin and other projects built on The Open Network (TON) earn a share of rewards from upcoming token drops. The platform lets users earn tokens simply by holding them, without complex staking requirements, according to Open Builders. Earn operates directly within the Telegram messaging platform, offering dynamic hourly rewards and multiple project pools—like one for Notcoin (NOT) holders, or another for DOGS meme coin holders—with no minimum token requirements. “There is no need to tap or search for…