Author: NBTC
After a week of geopolitical tensions in the cryptocurrency world and the halving agenda in Bitcoin, token lock openings will take place in many altcoins in the new week. Here is the token unlocking schedule we have prepared specially for you as Bitcoinsistemi.com: (All times are stated in UTC+3 Türkiye time) Covalent (CQT) Market Value: $127.92 million Token Unlock Amount: $1.81 million (1.42% of Market Cap) Date: 22 April 2024, 08:00 Algorand (ALGO) Market Value: $1.52 billion Token Unlock Amount: $6.22 million (0.41% of Market Cap) Date: 22 April 2024, 09:00 AltLayer (ALT) Market Value: $455.62 million Token Unlock Amount:…
Bitcoin’s hash rate is a critical metric that measures the computational power used to mine and process transactions on the Bitcoin network. It is expressed in hashes per second (h/s), with standard denominations including kilohashes (kH/s), megahashes (MH/s), gigahashes (GH/s), terahashes (TH/s), petahashes (PH/s), and exahashes (EH/s). The hash rate indicates how many calculations or guesses are made per second by mining equipment to solve complex mathematical problems required to validate transactions and add new blocks to the blockchain. The hash rate is essential for several reasons: Network Security: A higher hash rate signifies a more secure network. It means…
You can’t add Solana to MetaMask because the Solana blockchain is not compatible with the EVM (Ethereum Virtual Machine). The MetaMask wallet only supports EVM-compatible blockchains, such as Ethereum, Polygon, and BNB Chain. Still, if you’re wondering how to add Solana to MetaMask, you’ll most likely be interested in Solana wallets similar to MetaMask. In this article, we’ll explain why Solana is not compatible with MetaMask and feature Solana wallets that offer a similar user experience to MetaMask. Key highlights: You can’t add Solana to MetaMask because Solana isn’t compatible with the Ethereum Virtual Machine (EVM), which MetaMask requires. For…
Bitcoin (BTC), the top cryptocurrency by market cap, managed to reclaim the much-coveted $70,000 level earlier today, peaking at $70,230. It is up 2.4% over the last 24 hours, currently trading just below the aforementioned level. However, it is worth mentioning that $70,000 is a formidable resistance level that bulls have repeatedly failed to crack. At press time, the top cryptocurrency is changing hands at $69,704 after giving up some gains. A bear trap? As noted by popular cryptocurrency trader Ali, the TD Sequential, a powerful technical indicator, is currently showing a sell signal on the four-hour chart. The analyst…
EtherFi (ETHFI) stands out as a leading protocol within the Ethereum Blockchain’s liquid restaking sector, addressing the liquidity needs of stakers. By integrating with EigenLayer, EtherFi offers native liquid restaking features, allowing users to utilize their staked tokens for various purposes while accruing significant rewards. This protocol has seen its total value locked (TVL) rise considerably, enhancing user earning opportunities. Contents hide 1 What is EtherFi (ETHFI)? 2 How does EtherFi Integrate with EigenLayer? 3 User Inferences 4 How to Buy Etherfi (ETHFI) with TRY? What is EtherFi (ETHFI)? EtherFi is a protocol designed to facilitate liquid staking for Ethereum…
LONDON, June 5 (Reuters) – Saudi Arabia has joined a major BIS-led central bank digital currency cross-border trial, in what could be another step towards less of the world’s oil trade being done in U.S. dollars. The move, announced by the Bank for International Settlements on Wednesday, will see Saudi’s central bank become a “full participant” of Project mBridge, a collaboration launched in 2021 between the central banks of China, Hong Kong, Thailand and the United Arab Emirates. The BIS, a global central bank umbrella organisation which oversees the project, also announced that mBridge had reached “minimum viable product” stage,…
It was no secret that miners would see their BTC production numbers decline in the first full month after the Bitcoin halving. After all, that is the reality of the event that occurred on April 19. Per-block mining rewards were systematically slashed from 6.25 BTC to 3.125 BTC. But some companies saw bigger drops in BTC production than others, with one in particular appearing to win the month (in this category, at least). Bitcoin mining giant Marathon Digital mined 616 BTC in May, leading its biggest publicly traded competitors. The company actually saw a 32% month-over-month increase in the number…
OTB, the international fashion and luxury group that owns brands like Jil Sander, Maison Margiela, and Marni, announced Wednesday that it will provide blockchain-based digital authenticity certificates for all products from those labels starting with the Fall/Winter 2024/2025 collections. The certificates utilize blockchain technology and an NFC (near-field communication) chip embedded in each garment or accessory. This allows customers to verify a product’s authenticity by scanning the chip with their smartphone, accessing a tokenized certificate that’s stored as an NFT on a blockchain network. “This is an important advance in the OTB innovation process, because it enables us to guarantee…
Costa Rica is currently deliberating a proposed crypto law that may restrict its citizens’ ability to use Bitcoin for everyday transactions. Jan3, a prominent Bitcoin technology firm, disclosed this development regarding the Latin American nation. Costa Rica Debates Legal Use of Bitcoin Jan3 stated that the absence of comprehensive legislation governing the country’s crypto ownership, trading, and investment impacts the ongoing debate. The firm noted that the key concerns revolved around effective Know Your Customer (KYC) and Anti-Money Laundering (AML) practices in the emerging industry. However, amidst these debates, there is a sense of optimism regarding the potential for robust…
The search for innovative yield strategies in the decentralized finance (DeFi) ecosystem sent the on-chain borrow excess to $11 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This represents a two-year peak, which was propelled by Ether.fi and Ethena. Ether.fi’s eETH and Ethena’s USDe have soared to $6.4 billion and $3.2 billion in supply, respectively. Ether.fi’s eETH, integral to the EigenLayer ecosystem, now totals 1.7 million tokens. Meanwhile, Ethena’s USDe has climbed to become the fourth-largest stablecoin. Image: IntoTheBlock DeFi protocols have issued over $11 billion in loans, marking a two-year high. Aave’s V3 protocol is nearing a borrowed funds milestone…