Author: NBTC
As summer looms, CryptoQuant warns that Bitcoin miners could face significant challenges ahead, particularly if prices fail to recover substantially during the warmer month. Despite Bitcoin‘s price dipping below the $58,000 mark and prompting weaker investors to sell at current levels, major capitulation among Bitcoin miners has yet to begin. CryptoQuant head of research Julio Moreno said in an interview with crypto.news that the network hashrate remains slightly higher than pre-halving levels, noting that miners “can still make a profit” with “relatively efficient equipment.” Moreno says the profitability is still can be seen in the break-even electricity price for ASIC…
PowerPod partners with Streamr marks a significant milestone in the quest for a greener and more interconnected electric vehicle (EV) travel network. By joining hands, they are working towards building solutions that streamline EV charging processes. In addition to this, it will enhance data sharing, and promote decentralized access to electric vehicle infrastructure. ⚡️Exciting times ahead for all⚡️ Our partnership with @Streamr is a big step towards a greener, more interconnected EV travel network. 🌿 We have started building solutions together for;🚗 Real-time data sharing across the PowerPod Network🗣️PowerPod node communication,… https://t.co/HKdxJMUDz8 — PowerPod (@PowerPod_People) May 1, 2024 PowerPod and…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A viral video from the Mollars project founder raises critical questions about Bitcoin’s financial ethics and Satoshi Nakamoto, sparking widespread discussions. In the midst of the wild fluctuations and dramatic developments in the crypto market today, a new animated video has gone viral, capturing the attention of both enthusiasts and investors. The video, released by the founder of the Mollars project, has sparked widespread discussion over the 1 million Bitcoins Satoshi Nakamoto has in his ‘stash’ wallet. In the…
DeFi, once celebrated for its potential to revolutionize finance with transparency and accessibility, faced a grim reality in Q1 2024. Incidents of hacking and fraud resulted in DeFi platforms losing $336 million, casting doubt on its utopian vision. This figure, a 23.1% decrease from last year, starkly contrasts with the clean record of centralized finance (CeFi) platforms, which reported zero incidents in the same timeframe. The stark difference between these two approaches prompts a critical examination of the future of decentralized finance. As DeFi’s capital surpasses $100 Billion, the attraction for malicious actors intensifies. The crucial question arises: can DeFi…
India’s private sector lender, IndusInd Bank, has collaborated with climate-tech company Circularity Innovation Hub (CIH) to successfully execute the Reserve Bank of India’s (RBI’s) programmable central bank digital currency (CBDC) pilot. The pilot project will be executed as an alternate form of CBDC where the bank can program the end use of funds that would be disbursed to farmers instead of the generation of carbon credits, IndusInd said in a statement. In February, India’s central bank said it is looking to enable additional functionalities of programmability and offline capability in CBDC retail payments. While programmability is expected to facilitate transactions…
Blockchain development platform Stratis recently received a VASP license in Spain, developing its crypto venture. The move by the blockchain developer underscored the firm’s efforts to remain compliant with global regulations, coinciding with a sudden rise in demands for seamless regulatory measures across the global crypto space. The platform’s native token, STRAX, has seen significant growth over the past 24 hours, coinciding with news about Stratis’ VASP license securing. At the time of writing, the price of the Stratis token has increased by 10.32% over the past 24 hours and is trading at $0.1612. With a 10.56% increase in market…
Zilliqa, the blockchain known for its high throughput and low transaction costs, has made a significant move to expand its footprint by securing a listing on Bit2Me, one of the premier centralized exchanges in Europe and Latin America. This strategic development is poised to enhance Zilliqa’s visibility and accessibility in these key markets. Strengthening Zilliqa’s Position in Global Markets The integration of ZIL, Zilliqa’s native token, into the Bit2Me platform marks a pivotal step for the blockchain in broadening its user base and utility across Europe and Latin America. Bit2Me, celebrated for its rigorous compliance with Spanish banking regulations and…
Fuse Network has partnered with Liquify to bolster its infrastructure with high-end Remote Procedure Call (RPC) support. This collaboration marks a pivotal evolution in Fuse’s commitment to providing robust and seamless blockchain solutions. A Strategic Alliance for Enhanced Performance Fuse Network, known for its innovative approach to blockchain solutions, has long been at the forefront of offering businesses and developers essential tools for integrating web3 payments into their applications. Launched in 2019, Fuse aims to simplify and enhance the functionality of web3 integrations, ensuring that businesses can easily adopt and utilize these technologies. In the latest development, Fuse has taken…
Bitcoin fell to under $62,000 after spiking past $64,700 earlier as Hong Kong spot Bitcoin and Ethereum ETFs began trading. Data showed trading volumes hit just over $11 million, against expectations of over $3oo million. Bitcoin price fell below $62,000 again amid market reaction to less than encouraging numbers from the first day of trading for much hyped spot Bitcoin and Ethereum ETFs in Hong Kong. BTC was down about 1.4% at the time of writing, having touched lows of $61,587 across major crypto exchanges. The benchmark cryptocurrency, which has struggled to reclaim key levels since its recent halving event,…
The total value locked (TVL) on decentralized applications fell $10 billion in April, according to data aggregator DefiLlama. That’s a 7% drop in 30 days, as the decentralized finance (DeFi) ecosystem closed last month with $138.6 billion, including liquid staked amounts. DeFi’s TVL variation in April. Image: DefiLlama Considering the 10 largest blockchains by TVL, Avalanche registered the most significant monthly drop, with 31.5% of the funds leaving the chain. Solana also saw a considerable amount of crypto leaving its ecosystem as its TVL slump was almost 30%. Nevertheless, the over $6 billion locked in its applications makes Solana the…