Author: NBTC
Bernstein initiated coverage of Robinhood (HOOD) with an outperform rating and $30 price target. The broker expects total crypto market cap to grow almost threefold to $7.5 trillion by 2025. It said bitcoin spot ETF assets under management could climb as high as $300 billion by 2025. Bernstein initiated coverage of trading platform Robinhood (HOOD) with an outperform rating and a price target of $30, citing a “monster” crypto cycle as the reason for the bullish call, the broker said in a research report Thursday. “We expect total crypto market cap to reach $7.5T by 2025 versus $2.6T today,” and…
The stablecoin sector experienced a $3.26 billion expansion within the last eight days, climbing from $140.82 billion to $144.08 billion by Sunday, March 3, 2024. During February, increases in supply were observed in four of the top five stablecoins by market cap, with FDUSD’s supply growth leading amongst the five. Stablecoin Economy Rises 2.31% in a Week While PYUSD and USDP Witness Sharp Supply Drops in February This past week and throughout the month of February, stablecoins have witnessed substantial growth. From Feb. 24, 2024, the stablecoin market’s worth escalated by $3.26 billion, marking a 2.31% rise. As of Sunday,…
The latest upgrade is expected to significantly reduce transaction costs and unlock new use cases. Offchain Labs, the core developer behind Arbitrum, has announced the successful activation of the ArbOS 20 upgrade, known as “Atlas,” on the Arbitrum network. The upgrade provides Ethereum’s Dencun support with the implementation of blobs to achieve efficient data processing at a reduced cost. With the Atlas upgrade now operational, Arbitrum is set to implement further reductions in execution transaction fees on March 18. The blobs have landed on Arbitrum! 💙 🐡 ArbOS 20 “Atlas” is now live, blobs are in effect, reducing data posting…
Immediately after today’s rally in Bitcoin, which enabled some cryptocurrency exchanges, including Coinbase, to exceed their all-time highs, a sudden decline occurred in the BTC price. The sudden decline after the new record of $ 69,324 on Coinbase resulted in a loss of more than 12% at the time of writing, and BTC is currently traded at $ 60,414. BTC fiyatında son saatlerde yaşanan büyük düşüşü gösteren dakikalık mumlara sahip olan fiyat grafiği. On the other hand, this huge volatility caused large amounts of liquidations from cryptocurrency investors holding both long and short positions. According to data, $1.11 billion was…
Switzerland offers a crypto news through PostFinance, which offers its users who invest at least $100 in one of the 11 cryptocurrencies offered, the chance to win one of the three bitcoins up for grabs. The contest is valid until April 30, 2024. Switzerland News and the new PostFinance competition that allows you to win a bitcoin Switzerland News: PostFinance and its competition to win bitcoin through its app Promoting the development of stablecoin: the digital franc Switzerland News and the new PostFinance competition that allows you to win a bitcoin PostFinance, the financial services unit of the Swiss Post,…
Well-known on-chain resource Lookonchain called attention to the activity of a Shiba Inu whale that resulted in a multi-million-dollar profit. In a recent post on X, Lookonchain noted that an influential investor deposited 365.36 billion Shiba Inu into Binance, the largest crypto trading platform, within 24 hours. The tokens originated from five different wallets. A whale deposited 365.36B $SHIB($5.76M) to #Binance to take profits via 5 addresses in the past 11 hours. He withdrew 365.36B $SHIB ($3.24M) from #Binance from Nov 17 to Dec 27, 2023. If he sold all $SHIB, he would make more than $2.5M! Address:https://t.co/iV7G0TxMql pic.twitter.com/M5J9D38QiF —…
According to Brendan Cooper, a core contributor at Andromeda, the widespread distribution and adoption of the Web3 operating system (OS) will likely result in the emergence of new business models, much like what happened with the Web2 OS. The Web3 OS is also likely to simplify “how developers and users interact with the resources provided by a blockchain.” Web3 Development Cycle Slow and Risky However, unlike Web2, which has been dominated by a few tech giants, the Web3 OS employs a different architecture. This architecture, Cooper argued, helps reduce the operating costs of Web3 entities while “maintaining the security guarantees…
Bitcoin’s price tumbled in the hours after hitting an all-time high just above $69,000 on Tuesday — though industry watchers have differing views on where it goes from here. While the asset’s price significantly fell in the months after hitting a nearly identical level in November 2021, some believe this time is different. The price of bitcoin (BTC) ascended above $69,000 at about 10 am ET. It stood at about $61,300 at 3 pm ET — down about 11% from the day’s apex. Read more: Bitcoin price surges past $69k to hit new all-time high But Matteo Greco, a research…
Over the past month, the valuation of bitcoin has seen a notable increase, leading to significantly enhanced profits for today’s most sophisticated application-specific integrated circuit (ASIC) bitcoin mining devices. As of March 16, 2024, the top ten ASIC miners focused on the SHA256 consensus algorithm are generating daily earnings ranging from $10 to $21, assuming electricity costs of $0.12 per kilowatt hour (kWh). The Leading Bitcoin Miners of 2024 Bitcoin miners are faring significantly better than they did in 2022, with current data indicating that 21 ASIC mining rigs are netting profits of $5 or more daily. As of now,…
The Hong Kong Monetary Authority (HKMA) has kicked off the second phase of its central bank digital currency (CBDC) pilot, the e-HKD, the regulator said Thursday. The central bank will continue testing from the first phase and explore new applications of a digital version of the Hong Kong dollar. The HKMA completed Phase 1 of the pilot program, which tested using a CBDC in domestic retail payments, offline payments and settlement of tokenized assets. “The next phase will delve deeper into select pilots from Phase 1 where an e-HKD could add unique value, namely programmability, tokenization and atomic settlement, as…