Author: NBTC
A recent study has calculated that global Bitcoin mining is consuming less energy than banks consume. The research was conducted by Payless Power, a retail energy provider serving the state of Texas, and analyzed the energy consumption of both Bitcoin mining and the traditional banking system. According to Payless Power’s calculations, the Bitcoin network consumes about 167 TWh of energy per year, while the global banking system consumes more than 258 TWh. In other words, according to this research Bitcoin would consume 35% less than traditional banks. Bitcoin vs. banks: mining requires less energy The calculations The comparison and the…
Legendary Trader Raoul Pal has set a $250,000 price target for Bitcoin (BTC) and an equally massive projection for Ethereum (ETH) and Solana (SOL). Raoul Pal, the founder of Real Vision, a financial investment firm, hosted SkyBridge Capital Founder Anthony Scaramucci on his show ‘The Journey Man’, discussing the latest crypto ecosystem trends. Known as one of the biggest advocates of Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), Raoul Pal sets a massive target of $250,000 for the top coin as this cycle’s high. This projection is resounding, considering that Bitcoin just broke a new All-Time High (ATH) above $71,000.…
Coin98, a prominent decentralized finance (DeFi) platform, has announced a strategic integration with Metis Network, marking a significant milestone in the evolution of decentralized finance and blockchain interoperability. This revolutionary alliance between two preeminent platforms is anticipated to provide users with enhanced access to novel DeFi services and applications, as well as promote greater decentralized ecosystem collaboration and interoperability. The integration with Metis Network represents a strategic move for Coin98 to expand its reach and capabilities within the rapidly growing DeFi landscape. Metis Network, known for its innovative approach to blockchain scalability and layer 2 solutions, offers a robust infrastructure…
Neo has finalized its NFT royalty standard, assigned as NEP-24. The standard describes an extension to NEP-11 NFT smart contracts that will allow them to disclose royalties to be honored on re-sales of the asset. The standard describes the implementation of a new method, royaltyInfo, which NFT contracts can add and use to specify single or multiple royalty recipients. Royalty amounts are specified on a per-recipient basis, and can be calculated dynamically by a marketplace depending on the sale price. This mechanism ensures that different NFT marketplaces can agree on the correct figures to pay out. In addition, supporting the…
Amid rising geopolitical tensions, the US government is contemplating imposing sanctions on certain Chinese banks. According to a report by the Wall Street Journal, these measures aim to disconnect these banks from the global financial system. The primary concern is their involvement in facilitating trade that bolsters Russia’s military capabilities against Ukraine. Will China Resort to Crypto if the US Imposes Sanctions? Although China claims that it has not provided weapons to Russia since the Ukraine invasion began, the US argues that the export of dual-use items like chips and machinery has critically strengthened Russia’s military. These proposed sanctions are…
Leading canine-themed token Shiba Inu has become a Gold Sponsor of this year’s TOKEN2049 conference, which will take place in Dubai this month. The team behind the Shiba Inu ecosystem announced the impressive achievement in a recent post on X, underscoring its growing global recognition in the cryptocurrency industry. We’re excited to announce we’re Gold Sponsor at @token2049 Dubai (April 18-19)! To celebrate, we’re giving away 1 FREE ticket! Like & RT to enter. See you there! #TOKEN2049 #Shibtoken pic.twitter.com/liR4UsQctT — Shib (@Shibtoken) April 2, 2024 Scheduled for April 18 and 19, the two-day meeting will host some of the…
Amidst discussions about banning Bitcoin mining in Paraguay, one Senator has praised the industry as a “gift from heaven” to the economy. Bitcoin mining is a passive method of earning BTC which could turn hugely profitable after the recent halving. Bitcoin mining remains a contentious topic for a majority of governments around the world. While some have recognized the potential to spur economic growth, others raise environmental concerns. Paraguay is among the countries struggling with the decision to either ban mining or keep growing the industry. At the heart of the debate is figuring out how Paraguay can spend its…
SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwap’s evolution into “ShibaSwap,” empowering creators, cultivating relationships, and propelling innovation on Shibarium.Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as: Bridging a range of new tokens that will make them native to ShibaSwap. Improved liquidity pools and characteristics of decentralized finance (DeFi). Novel farming contracts created especially to reward early…
Ethereum topped Thursday’s non-fungible token (NFT) market with over US$23 million in sales, CryptoSlam data shows. Over half of those sales came from CryptoPunks 635, which was sold for US$12.4 million at Larva Labs marketplace. Ethereum saw a total of 16,363 transactions conducted by 1,770 unique buyers and 1,354 unique sellers. Ethereum ended a 20-day streak of daily sales below US$10 million. This daily performance contributes to Ethereum’s all-time sales volume, which now stands at approximately US$43.64 billion from nearly 47.56 million transactions. Bitcoin and Solana followed, with daily sales reaching US$6.67 million and US$3.72 million, respectively. This marks the…
The number of addresses holding stablecoins has risen 15% this year. Rating agency S&P 500 said regulatory clarity could bring banks into the stablecoin market. Stablecoins are hotter than ever. The number of addresses holding dollar and crypto-pegged stablecoins has increased 15% this year to above 93.6 million, the highest on record, according to data source rwa.xyz. Stablecoins are cryptocurrencies with values pegged to an external reference, like the U.S. dollar. They can be broadly categorized as fiat-backed, crypto-backed, or algorithmic stablecoins. As of the time of writing, there are 35 stablecoins in existence, boasting a combined market capitalization of…