Author: NBTC
As the price of Bitcoin hits new highs, the bullish numbers aren’t good for everyone—and could be a sign of a bubble that frightens the Fed. That’s according to JPMorgan Chase & Co.’s chief market strategist Marko Kolanovic, who reportedly said in a research note that the surge of the biggest digital asset and related may stop the Federal Reserve from loosening monetary policy as soon as expected. Kolanovic cited Bitcoin’s jump above $60,000, saying it “may keep monetary policy higher for longer, as premature rate cutting risks further inflating asset prices or causing another leg up in inflation.” The…
Ethereum developers will roll out the much-anticipated Dencun upgrade on Wednesday, March 13. Developers have told Decrypt that the impact on gas fees for Ethereum scaling networks will be dramatic, with some estimating that they’ll drop by 75% immediately. The name is a portmanteau of Cancun and Deneb, two separate upgrades that have been combined to create the term “Dencun.” A word of caution for Ethereum upgrade first-timers: There’s nothing that users need to do. Be wary of any blog, email, or Twitter (aka X) post that says otherwise and asks you to click a link or connect your wallet.…
Open-source cryptography firm Zama has raised $73 million in Series A funding to develop applications based on fully homomorphic encryption (FHE), a technology that enables data to be processed without decrypting it – potentially useful for protecting privacy in blockchain and AI. The funding round was led by Multicoin Capital and Protocol Labs, Zama announced via email on Thursday. Participating investors included Solana co-founder Anatoly Yakovenko, Filecoin founder Juan Benet and Ethereum and Polkadot co-founder Gavin Wood, according to a press release. Zama, started in 2020, describes FHE as the “holy grail” of cryptography, allowing companies to offer services to…
Amid the ongoing meme coin mania, the Meme AI (MEMEAI) coin has taken charge registering a staggering 168% gain in the last 24 hours. As of press time, the Meme AI coin is trading at a price of $0.005314 with a market cap of $3.86 million. However, it is still trading at a 50% discount from its all-time high level of $0.012 attained last month on February 17. More About the Meme AI Coin In response to the growing influence of memes, a new platform called MEME AI has emerged, inviting users to unleash their creativity and take their meme-making…
Bitcoin’s computing power has reached a new peak, ascending to 618 exahash per second (EH/s) as shown by the seven-day simple moving average. Currently, 56 entities are contributing at least 916.26 megahash per second (MH/s) to the network, with the mining pool Foundry USA at the forefront, delivering 204.41 EH/s. Bitcoin Edges Closer to Zettahash Era with Latest Hashrate Milestone In 2024, BTC is setting new benchmarks with unprecedented price highs, the highest difficulty levels, the biggest block size, and now, over this weekend, its computing power hit an unprecedented peak on March 10, 2024, achieving 618 EH/s. Just six…
Terra founder Do Kwon can be extradited to South Korea to face criminal charges over the collapse of his crypto enterprise, a Montenegrin court ruled. Kwon was arrested last year while attempting to travel with falsified documents The U.S. and South Korea both requested his extradition, and Montenegrin authorities make the decision on where he goes. Do Kwon, a co-founder of Terraform Labs, can be extradited to South Korea to face criminal charges concerning the May 2022 collapse of his multibillion-dollar crypto enterprise, a Montenegrin high court has ruled, according to local news reports from Thursday. The South Korean national…
The “Kimchi premium” refers to the difference in Bitcoin prices on Korean exchanges compared to global bourses. Bitcoin is currently trading at a 10% premium in South Korea. The arbitrage popularized by Sam Bankman-Fried involves buying bitcoin on a global exchange and selling it on a Korean exchange for a riskless profit in Korean won. Pocketing the actual gains is difficult due to the South Korea’s strict capital controls.A profitable yet operationally difficult arbitrage trade is back in vogue as bitcoin prices now command an average 10% premium in South Korea. As of Asian morning hours, bitcoin trades just above…
A UK police officer has been barred from the force after lying about hiding thousands of pounds in crypto and showing a “serious lack of integrity” while claiming to be an amateur investor. As reported by the Harborough Mail, when Osama Hussain joined Leicestershire Police in 2022, he claimed to have invested £150 in crypto, downplaying his relationship with an unnamed individual he was trading with. In fact, Hussain was actually spending thousands on digital currency and the individual, known as Person A, was later discovered to have conducted transactions worth £4,000 with Hussain. These discrepancies were missed during the…
Source: Dalle-3 Bitcoin (BTC) is following a years-long bull trend which, if it continues, could see the coin double in price within the next few weeks alone, according to one analyst. Pomp Investments founder Anthony Pompliano believes the digital currency could reach $138,000 in short order after conclusively breaking its previous all-time high of $69,000. The asset briefly broke the previous record on Tuesday at $69,210, and now trades just shy of it at $67,423. Bitcoin Ready To Double In Price During a Thursday interview with CNBC, Pompliano said: “If we go back and we look at past record high…
NICOLS Joyeros Artesanos has allied with Bitnovo Pay to become another international jewelry chain to accept cryptocurrencies. The association of NICOLS with Bitnovo Pay, a prominent cryptocurrency payment gateway in the international arena, marks the beginning of a new era in the trade of artisan jewelry. NICOLS customers will be able to acquire unique pieces using cryptocurrencies such as Bitcoin, Tether and Ethereum, among others, with total security and confidence. NICOLS Joyeros Artesanos and Bitnovo Pay lead the way of integrating cryptocurrencies into the world of jewelry, offering customers a modern, convenient and borderless shopping experience. NICOLS has been synonymous…