Author: NBTC
Bitcoin’s computational difficulty leaped by 5.61% at block height 883,008, catapulting its measure to a historic peak of 114.17 trillion, as per the latest network analytics. Miners Brace for Heightened Challenge as Difficulty Spikes Following the successful mining of block 883,008, the twisting demands of Bitcoin block validation have intensified by 5.61%, with the system’s current complexity now fixed at 114.17 trillion—a numerical expression of the sheer computational rigor miners must conquer to authenticate transactions and forge fresh blocks onto the ledger. The uptick follows the 2.12% dip recorded two weeks back at block 880,992. The hashrate is hovering at…
Binance-backed project Elfin Metaverse aims to revive Web3 gaming with an iconic Japanese gaming brand. Elfin Metaverse partnered with MetaMe, which in turn will tap some of the most widely known IPs from Japanese anime. Elfin Metaverse, a project backed by Binance Labs, has signed a letter of intent with MetaMe, a leading business co-creation company based in Tokyo, Japan. With this move, Elfin Metaverse will gain access to images and branding from top Japanese games, bringing them into a metaverse-based Web3 project. The new products will include interactive storytelling and global tournaments, bringing a cross-border gaming project with on-chain…
Despite the latest Bitcoin upsurge, funding rate data indicates caution among traders amid recent resistance. Bitcoin started 2025 with a strong rally, climbing 4% on Jan. 6 to reclaim the $100,000 mark for the first time in weeks. The price peaked at $102,760 today before facing resistance, leading to a sharp correction that pushed Bitcoin back below six figures. Cautious Market Sentiment Evident in Funding Rates Meanwhile, despite yesterday’s upsurge, Glassnode disclosed today that funding rates, a notable metric for assessing trader sentiment in derivatives markets, show a cautious outlook in the market. 📉 After peaking at 0.026% in mid-December,…
Ethereum’s (ETH) recent price struggles haven’t stopped institutions from accumulating coins, with major entities moving significant holdings from exchanges. The second-largest cryptocurrency by market capitalization has gone up by 0.3% since rebounding from recent lows and reclaiming the $2,650 level. On-chain data from Lookonchain revealed that in the past two days, Cumberland, a crypto asset management firm, withdrew 62,381 ETH (worth approximately $174 million) from exchanges and transferred it to Coinbase Prime. It seems that institutions are accumulating $ETH.In the past 2 days, #Cumberland withdrew 62,381 $ETH($174M) from exchanges and transferred it to #CoinbasePrime.https://t.co/AT53HHa36m pic.twitter.com/6NJxnKxjZH — Lookonchain (@lookonchain) February 6,…
The cryptocurrency market closed this week in the red zone, with Bitcoin’s price temporarily falling below the critical $92,000 level once during the week. However, Bitcoin, which has recovered after the sudden decline, is trading at $94,892 at the time of writing. There will be many new economic developments and altcoin events in the new week. You can reach the calendar for this below. The cryptocurrency market is preparing for a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times…
Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms. Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in the past but that hadn’t been embraced by the agency’s previous leadership. “I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging…
Ethereum (ETH) appears to be gearing up for a major breakout, with its market structure closely resembling Bitcoin’s (BTC) past cycle. Notably, an analysis by Titan of Crypto suggests that Ethereum’s current price action closely resembles Bitcoin’s trajectory just before its explosive breakout in the previous bull run. Ethereum key levels and breakout signals A comparison of market cycles by the analyst shows that Bitcoin, during its third cycle, consolidated within a symmetrical triangle before experiencing a sharp breakout. Now, Ethereum, in its fourth cycle, is following a nearly identical pattern, suggesting that a significant rally could be on the…
The crypto market has seen new names among the trending gainers this weekend. As per the latest market data, $XTER, $UFD, and $PEPU are dominating the crypto projects in terms of social media excitement this weekend. In addition to this, $PIPPIN and $WXT have also witnessed significant gains. $XTER Leads Top Crypto Gainers Following Bybit Listing In line with the exclusive market statistics, Xterio ($XTER) has emerged as hot favorite trending coin. The crypto is reportedly trading at $0.4068. This price signifies a 3.67% price surge over the recent 24 hours which is less than the hype created on the…
This week, I stumbled across one of the coolest posts I’ve seen in a while – Jason Marquez, who says he is “just a Truck Driver that loves listening to Michael Saylor on YouTube,” revealed he has profited massively from listening to the advice of the MicroStrategy Executive Chairman.According to Marquez, he invested big in Saylor’s bold Bitcoin bet, and now holds $866,000 worth of $MSTR stock, at an average cost of $46 per share — a profit of over $750,000. I’m just a Truck Driver that loves listening to @saylor videos on YouTube while I’m driving. $MSTR pic.twitter.com/A8DwclhUNx —…
The Ethereum ecosystem stands at a pivotal moment. Over the past four years, scaling challenges have been addressed through Layer-2 (L2) solutions, rollups, and technological breakthroughs, expanding from processing 15 transactions per second to thousands, with costs dropping from $50 per swap to mere cents. The rollup-centric roadmap worked – it worked almost too well. This success has introduced an unexpected challenge: fragmentation. With over 50 L2s and more in development, Ethereum has become a maze of isolated chains. Users now juggle multiple networks, bridge assets, and navigate complex processes to perform basic actions. The irony? Transactions may be faster…