Author: NBTC
Justin Drake, a leading researcher at the Ethereum Foundation, predicted that Solana’s period of rapid growth and influence, often referred to as its “golden age,” is coming to an end. According to Drake, Solana’s current competitive advantages in speed and throughput are not sustainable in the long term and will not pose a significant threat to Ethereum’s dominance in the blockchain ecosystem. Speaking about Solana’s strong development momentum, Drake acknowledged its successes but suggested that Ethereum’s long-term strategy will prevail. “Solana is at its peak right now, but I think this will be the end of Solana’s golden age,” Drake…
Bitcoin’s hashrate, which measures the total computational power of the network, has now surpassed 1,000 exahashes per second (or a zetahash per second) for the first time, according to data provided by CoinWarz. The milestone was achieved for the first time on Jan. 2 at around 23:00 UTC. Bitcoin’s hashrate has been growing exponentially over the past few years. A year ago, for comparison, it was at 173 EH/s. Over the past year, the hashrate has grown from 588 EH/s to a zetahash. Following the quadrennial Bitcoin halving that took place in April, there was a significant hashrate drawdown in…
Bitcoin’s price is teasing investors, as it is experiencing a pullback before reaching the $100K mark. Yet, as things stand, there’s a considerable probability that it will hit the milestone soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart Starting with technical analysis, the daily timeframe shows massive bullish momentum for BTC. Yet, the market has been correcting for the last few days after failing to reach the $100K level. The $90K mark is still intact and could prevent the market from dropping any further. This is especially true because the RSI is no longer showing an overbought signal.…
Ripple has announced a delay in the launch of its RLUSD stablecoin due to regulatory issues with the New York State Department of Financial Services (NYDFS). In a Dec. 4 statement on X (formerly Twitter), the platform stated: “Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as possible.” Further, Ripple emphasized its commitment to regulatory compliance, reassuring RLUSD would only be launched after securing the necessary approvals from NYDFS. Fox Business journalist Eleanor Terret noted that her earlier report about the NYDFS’s nearing approval for RLUSD…
The Bitcoin market is likely to attract a significant $2.28 trillion in the next few years. Bitcoin price could soar to the $96,500 level in the coming days. If BTC fails to hold $92,000, it could decline to the $84,500 level. Currently, Bitcoin, along with major cryptocurrencies, is undergoing a significant price correction following notable upside momentum in recent days. Amid this development, OKG Research has made a bold prediction for Bitcoin (BTC), providing full validation for their analysis. Bitcoin to Attract $2.28 Million In a recent report, the research firm noted that, as of now, only 0.01% of listed…
The popular meme-inspired cryptocurrency Shiba Inu (SHIB) is riding the wave of the bull market. Not only is SHIB seeing gains on its price chart with its quotes up 17% this month, it is also only five days into December, but it has already reached an all-time high for Shibarium. For those who do not know, there is a full-fledged layer-2 blockchain built for Shiba Inu by a team of independent developers, and it recently hit a milestone of $10.47 million in total locked value. Shibarium’s momentum has been building steadily, with a particular acceleration born on Nov. 4, when…
Stuart Aldeorty, chief legal officer at Ripple, has outlined some key principles that he believes the SEC has to follow in 2025. The company’s top legal mind has stressed that the SEC has jurisdiction only over security transactions. According to Alderoty, the SEC cannot police simple asset sales. “Selling a gold bar with a contractual right, title, or interest in my gold mine? Likely a security transaction. Selling that same gold bar without post-sale rights or obligations? Just an asset sale—the SEC can’t police it,” he said. Aldeorty has also criticized the theory that a cryptocurrency token can potentially evolve…
Michael Saylor, renowned Bitcoin supporter, founder and executive chairman of MicroStrategy business software firm, has taken to his X account to publish a new tweet about the recent Bitcoin yields earned by his company thanks to buying and holding BTC long-term. Saylor tweeted that thanks to the recent surge of the world’s largest cryptocurrency, the holders of MSTR are in for some crazy profits in daily terms. $544 million in Bitcoin profits each day for the week Michael Saylor tweeted that last week, MicroStrategy’s treasury operations with Bitcoin delivered 12.3% of Bitcoin yield. This provided approximately 40,738 BTC to the…
Sandbox’s SAND has broken out of a multi-year lull amid the protocol’s ecosystem developments and renewed interest from whales. Sandbox (SAND) rose over 40% to hit a 28-month high of $1.06 on Thursday, Dec. 5, bringing its market cap to over $2.27 billion at press time. The recent gains pushed the altcoin up 57% over the past week. The figures become even more striking when viewed over an extended timeframe: SAND has surged by 173.6% in the past two weeks and 303% over the last month. Notably, the rally coincided with a jump in the altcoin’s daily trading volume and…
Privacy is not a crime. Yet when it comes to the crypto industry, projects and coins that enable users to tread lightly on-chain are facing higher levels of scrutiny than ever before. In 2024, government-led efforts to combat the use of coin-mixing services continued apace as developers behind Bitcoin Fog, Tornado Cash, and Samouri Wallet all faced challenges in court. Meanwhile, so-called privacy coins faced hurdles as some exchanges stopped supporting them. With Bitcoin’s pioneers drawing inspiration from the Cypherpunk movement, privacy and crypto have been intertwined since the industry’s beginnings as a means of internet-based resistance. But that link,…