Author: NBTC
“There’s no doubt the Republicans have taken a very pro crypto stance,” MicroStrategy Executive Chairman Michael Saylor said Monday. Appearing on CNBC, Saylor reiterated his outlook that one bitcoin will be worth $13 million over the next two decades. Republicans are way ahead of Democrats regarding their opinion of crypto and bitcoin (BTC), said MicroStrategy (MSTR) Executive Chairman Michael Saylor. “There’s no doubt the Republicans have taken a very pro crypto stance […] Trump in particular.” Saylor said in a CNBC appearance on Monday when asked about the impact of the presidential election on the industry. “At this point the…
Bitcoin mining was notably less profitable in August than July, the report said. Jefferies said September could be another difficult month for the miners as bitcoin remains below $60K and the network hashrate continues to advance. Mining economics may be moving in the wrong direction but operational efficiency is improving, the bank said. Bitcoin (BTC) mining was much less profitable in August than July as the average bitcoin price fell over 4% and the average network hashrate rose about 2.7%, investment bank Jefferies said in a research report on Wednesday. Miner’s average daily revenue per exahash fell by 11.8% from…
Ethereum’s price drops 1.32%, trading at $2,337.21 amidst significant market activity. Ethereum ETFs see $11.44M inflow after five days of net outflows. Ethereum is trading at $2,329, according to CMC data, reflecting a slight decrease of 1.32% over the last 24 hours. Ethereum, the second-largest cryptocurrency by market capitalization, has faced notable pressure amid broader market corrections. With Ethereum’s network still being the backbone of decentralized finance (DeFi) and NFTs, price fluctuations continue to impact its position in the market. Despite this, the Ethereum network’s fundamental use case keeps its long-term outlook resilient. A notable whale activity was recorded recently…
The Chang hard fork is a pivotal upgrade for Cardano, representing a major step toward realizing the network’s vision of complete decentralization and community-driven governance. This upgrade marks the beginning of the Voltaire era, a phase that will empower ADA holders with the ability to directly participate in the decision-making processes that shape the future of the network. At the core of the Chang hard fork is the introduction of on-chain governance mechanisms. These mechanisms allow ADA holders to vote on proposals, elect Delegate Representatives (DReps), and influence protocol changes. This shift from a centralized governance model, where decisions were…
Vice President Kamala Harris‘s campaign released a policy statement outlining her administration’s key priorities. However, there is a notable omission—crypto. Harris’s campaign promises highlighted various sectors—including semiconductors and artificial intelligence—and even extensively mentioned her political rival, former President Donald Trump, in the policy statement. However, there was no mention of Bitcoin, crypto, blockchain technology, or digital assets. This omission has drawn criticism from several crypto stakeholders who expected her to signal her administration’s move toward the emerging industry through the statement. Crypto community reacts Alexander Grieve, who leads government affairs at Paradigm, noted that some might interpret the reference to…
Bitcoin (BTC) mining experienced a significant drop in profitability in August as both the average Bitcoin price fell and the network hashrate increased, according to a research report by investment bank Jefferies. Bitcoin Mining Profitability Dropped in August, Jefferies Reports The report, published today, revealed that miners’ average daily revenue per exahash fell by 11.8% compared to July. This decline was driven by a 4% drop in the Bitcoin price and a 2.7% increase in the average network hashrate, which measures competition among miners. Jefferies analysts Jonathan Petersen and Joe Dickstein have warned that September could bring more challenges. With…
El Salvador’s Bitcoin reserves now total 5834.75 BTC, reflecting a consistent buying strategy despite market turbulence. Bitcoin is integrated into El Salvador’s economy for government services, with plans for a private investment bank. El Salvador’s transparency and proactive stance on Bitcoin set a global precedent for crypto adoption. El Salvador has once again demonstrated its unwavering commitment to Bitcoin. The country has been adding to its holdings even as the market faces significant turbulence. President Nayib Bukele announced that the country’s Bitcoin reserves now total approximately 5834.75 BTC, reflecting the nation’s strategy of buying Bitcoin consistently despite market conditions. This…
Founder Vitalik Buterin defends optimistic posting about Ethereum amid ongoing market FUD and persistent bearish sentiment toward ETH. Despite Ethereum’s recent recovery, some analysts continue to issue a bearish outlook for the crypto, warning that another consolidation phase might occur before any significant shift. However, this sentiment contrasts with a growing trend among Ethereum enthusiasts, including its co-founder, Vitalik Buterin, who has continued to back bullish sentiments surrounding the crypto. Buterin’s Support for Bullish Sentiment Recently, Vitalik Buterin reinforced his stance on Ethereum’s potential resurgence. He supported a popular Ethereum investor, Vibin, who has faced backlash for continually sharing positive…
FVM enhances Filecoin’s ecosystem, supporting DeFi, NFTs, and dApps with decentralized storage capabilities. The Democracy Library has successfully uploaded over one petabyte of data to the Filecoin network. The Filecoin Virtual Machine (FVM) is fast revolutionizing the Filecoin ecosystem by allowing developers to build and execute smart contracts, thereby making the network more dynamic and decentralized. FVM supports a variety of programming languages, including Solidity, allowing Ethereum developers to simply transition to Filecoin and build smart contracts there. The compatibility with the Ethereum Virtual Machine (EVM) ensures that Filecoin and Ethereum communicate seamlessly, allowing for data interchange and integration between…
Crypto was left out of a letter sent by Senate Majority Leader Chuck Schumer (D-NY) on Sunday to outline the Senate’s priorities. But he did include AI. Schumer’s letter comes amid bipartisan efforts to prevent a government shutdown, with government funding set to expire on September 30. HIs “Dear Colleague” letter highlighted rail safety, prescription drugs, AI, but leaves out crypto after he strongly supported efforts to pass regulation just a month ago during the Crypto4Harris town hall. At the town hall, Schumer stated, “Washington cannot just look away from crypto,” vowing to push for crypto regulation by the end…