Author: NBTC
In a recent analysis shared on social media platform X, a popular crypto analyst known as “ecoinometrics” offered an intriguing forecast for Bitcoin’s price following its current (fourth) halving event, which occurred on 20 April 2024. HISTORY: THE 4TH #BITCOIN HALVING HAS OFFICIALLY HAPPENED pic.twitter.com/cwZGpky6DF — Rizzo (@pete_rizzo_) April 20, 2024 Understanding this prediction requires some background on key concepts related to Bitcoin’s economic model. Bitcoin Halving Explained: Bitcoin halving is a significant event that occurs approximately every four years, where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for verifying transactions. This mechanism…
What is perhaps the most-hyped crypto airdrop ever is set to kick off on Friday, but not necessarily with the kind of enthusiasm that its builders may have hoped for. EigenLayer, a restaking platform on Ethereum, accrued $16 billion worth of crypto deposits within its first year of opening up to users – even prior to its official launch last month. When most of that money came in, the project was little more than a glorified blockchain wallet on the Ethereum blockchain – a non-functional lockbox that dangled the prospect of future rewards but didn’t yet have any actual features.…
Main Takeaways Binance has hosted a tailored training session for El Salvador law enforcement including representatives from the Financial Investigation Unit, National Digital Assets Commission, and Office of the Attorney General, offering insight into its tools and support mechanisms for local crime investigations. The training addressed the use of Kodex, a system facilitating communication between companies and law enforcement, and provided best practices for leveraging the intelligence provided by Binance. Binance’s global Law Enforcement Training Program is the cornerstone of our efforts to advance collaborative security in the digital-asset space. Continuing to expand this effort in Latin America, we have…
Runes protocol has lost its original momentum three weeks after launching on the Bitcoin blockchain. The novel fungible token standard has dropped in many ways, including network activity, after dominating the cryptocurrency sector shortly after the last Bitcoin halving in April 2024. The Runes protocol generated $135 million in fees in its first week after the bitcoin halving, but activity has dropped dramatically since then, with May 10 being the lowest day for activity and only two times in the last twelve days generating over $1 million in fees.… — Wu Blockchain (@WuBlockchain) May 12, 2024 Recallably, Bitcoin fees skyrocketed…
Thanks to the Ordinals protocol, crypto users have inscribed more than 65 million bits of media on the Bitcoin blockchain over the last year, from artwork to profile pictures to, yes, even playable video games. The Bitcoin-based alternative to NFTs lets users etch games and applications onto the chain, effectively preserving them for as long as the decentralized network lives. Some see this as a way to ensure classic games survive in an era in which digital games are delisted and hard to access. Others just think it’s cool or funny. Whether you see it as a gimmick or a…
In the volatile world of cryptocurrency trading, few stories are as compelling as that of the trader known by the handle “waxl.eth”. According to a recent report by Lookonchain, this savvy individual managed to turn an initial investment of just $6,500 into a staggering $5.6 million. This remarkable feat was achieved through strategic investments in two lesser-known digital assets: $TRUMP and BasedAI. The journey began when waxl.eth purchased 2.08 million $TRUMP tokens for $6,500, distributed across two different wallets. The rapid appreciation of $TRUMP allowed the trader to sell 1.24 million tokens for $902,000. Despite this sale, waxl.eth still holds…
Stuart Alderoty, Ripple’s chief legal officer, has stressed the importance of bipartisan cooperation when it comes to cryptocurrency innovation. Alderoty has added that he is glad that both parties can agree that the U.S. Securities and Exchange Commission is “out of control.” On Wednesday, the US House of Representatives voted to overturn the agency’s guidance on cryptocurrency custody. The SEC’s Staff Accounting Bulletin No. 121 (SAB 121) requires financial institutions to keep the cryptocurrency holdings of their customers on their own balance sheets. The critics of the highly controversial guidance argued that it would make it virtually impossible for banks…
Starknet, a Layer 2 scaling solution on Ethereum, has taken a monumental step towards hyperscaling. Partnering with StarkWare, Herodotus has unveiled the Integrity Verifier, a groundbreaking tool that enhances Starknet’s scalability by introducing Layer 3 (L3) appchains. This innovation is expected to significantly reduce transaction costs while bolstering security. .@Starknet has taken another significant step towards hyperscaling!@HerodotusDev, in collaboration with @StarkWareltd, has introduced the Integrity Verifier, a groundbreaking tool for Starknet, opening the door of L3 appchains !This will enables to reduce transaction cost… — CryptoTraalala.stark (@CryptoTraalala) May 12, 2024 Appchains are specialized blockchains designed for specific applications, offering tailored…
The Bitcoin (BTC) mining landscape has experienced a seismic shift following Bitcoin’s fourth halving event, with daily miner revenue soaring to an unprecedented $107 million, as reported by CryptoQuant. Remarkably, a staggering $80 million, accounting for 75% of this total, was generated from transaction fees alone. Record-high daily revenue for #Bitcoin miners yesterday: ~$107 million.Even more impressive is that 75% or $80 million came from fees. pic.twitter.com/Cyx3KJ90XE — Julio Moreno (@jjcmoreno) April 21, 2024 The halving event, an integral feature of Bitcoin’s protocol designed to control its inflation rate and maintain its scarcity, reduced miner rewards from 6.25 bitcoins to…
Ondo Finance, the popular platform offering institutional-grade on-chain financial products, has started a new collaboration. The company revealed its integration with Zebec Network, a decentralized infrastructure forum for matchless real-world value flows, after leveraging its RWA Payments and Instant Card. The platform took to X to provide insights into the respective initiative. 🌐 We’re delighted to welcome @Zebec_HQ into the Ondo Ecosystem following an integration of $USDY with Zebec’s Instant Card and RWA Payments technology. 🌐🤝 @Zebec_HQ is a decentralized infrastructure network built to create a future where real world value moves freely and… pic.twitter.com/mkdzwm6KPX — Ondo Finance (@OndoFinance) May…