Author: NBTC
Bitcoin’s recent price surge has driven up mining equipment costs, with Shenzhen’s Huaqiangbei district—a global hub for crypto hardware—seeing a notable 30% price hike. According to a report by Wen Wei Po, the price of the Antminer S21 335T, a mining device, has now reached $5,600, or around RMB 40,700, climbing up by 30% compared to last year’s price of $3836.19, which comes to 28,000 RMB. There is even much higher demand for the Antminer S21 XP, a raw mining device with water-cooling facilities, which has continued to cause stockouts on Bitmain’s official website. Huaqiangbei merchants report a surge in…
PLAY, the famous platform that incorporates Web3 technologies into the gaming sector, has started a new collaboration with Telefónica Innovación Digital. The partnership targets to enable the player migration onchain via launching PLAY GamePass NFTs. The platform disclosed this endeavor in an exclusive press release. PLAY Joins Forces with Telefónica Innovación Digital to Bring Players Onchain PLAY mentioned that the partnership intends to enhance the accessibility of Web3 technologies for Telefónica Innovación Digital users. Telefónica Innovación Digital is a platform under the Telefónica Group devoted to pushing innovation as well as tech development. PLAY will reportedly enable the onchain migration…
Samson Mow, Bitcoin proponent and the chief executive officer at the BTC adoption-focused company JAN3, has addressed his audience on the X platform (formerly known as Twitter) to share with them a BTC prediction. He revealed what may be the most likely key driver for the very first Omega candle, which will push the price of the world’s flagship cryptocurrency towards $1 million. His prediction has to do with Michael Saylor’s Bitcoin-focused company, MicroStrategy. Mow expects gamma squeeze on MSTR Omega candle is a short-time and a single-day bullish price movement depicted as a large green candle on charts that…
Seven years ago, Eddie Lobanovskiy designed the iconic XRP logo, symbolizing scalability and speed. Now, he’s back with a new creation: the XRP $ARMY logo. Lobanovskiy described it as “the helmet of courage, an unstoppable ‘X’ of strength,” symbolizing the power of the XRP Army. As he puts it, “The XRP Army is more than just a community—it’s a movement. We shall prevail.” XRP enthusiasts appreciated his efforts and thanked him for the logo. A user said, “Wow. I didn’t even know that you are behind the xrp logo. I was always fan of your work Eddie, but now you…
BTC’s rise to record highs earlier this week is expected to allow miners to extend their November profitability into December, according to a report by investment bank Jefferies on Wednesday. Bitcoin mining economics improved in November as the average price of bitcoin was 31% higher while the average network hashrate rose by almost 4%, the report said. The hashrate, representing the total computing power dedicated to a network, is a proxy for competition in the industry and mining difficulty. “Average daily revenue per exahash was $55,649, which represented a 20.7% month-on-month increase,” analysts Jonathan Petersen and Jan Aygul wrote. U.S.-listed…
Deutsche Bank AG is addressing regulatory challenges that banks face when using public blockchains, such as the risk of unknowingly transacting with criminals or sanctioned groups. According to a Bloomberg report the bank launched its test version of Project Dama 2, an asset servicing pilot, in November. This platform’s layer two system relies on public blockchains to provide a more affordable and efficient transaction. Boon-Hiong Chan, a Deutsche Bank Asia-Pacific innovation lead, said that the bank’s Layer 2 connects to Ethereum, one of the blockchain’s busiest networks. Deutsche Bank sees blockchain as a means to deal with margin pressures in…
A closely followed crypto trader believes Bitcoin (BTC) will hit its cycle peak well before people’s expectations. Pseudonymous trader The Flow Horse tells his 247,900 followers on the social media platform X that Bitcoin’s market peak this cycle could come in as early as the first quarter of 2025. “I don’t care what anyone else says. We are far closer to ‘the end for a bit’ than people want to admit. I would say within the first quarter. After big price moves, the chatter often shifts to even bigger moves – multiples of the current price. Ironically, that’s usually a…
Beam Foundation has launched BeamAI, a division that integrates artificial intelligence (AI) with the gaming industry. This initiative seeks to explore and develop innovative applications of AI to reshape how games are built and experienced. Led by a University of Oxford-trained mathematician specializing in deep learning, BeamAI is poised to advance gaming through cutting-edge research and practical tools. BeamAI.A new division led by a University of Oxford-trained doctoral research mathematician.The initial BeamAI Report coming next week.More information ⬇️ pic.twitter.com/dlLxzYTJGP — Beam Foundation (@BeamFDN) December 14, 2024 The division will focus on addressing key challenges developers, gamers, and gaming enterprises face.…
The Web3 ecosystem is often regarded as the next infrastructure of the internet. However, nearly 10 years after the release of the Ethereum white paper, we have very few mainstream applications running on that infrastructure. Meanwhile, we continue to see the emergence of new infrastructure building blocks everywhere: L1, L2, and L3 blockchains, rollups, ZK layers, DeFi protocols, and many others. While we might be building the future of the internet with Web3, there is little doubt that we are overbuilding the infrastructure layer. Currently, the ratio between infrastructure and applications in Web3 has no parallels in the history of…
BlackRock, the world’s largest asset manager, has solidified its dominance in the cryptocurrency space by accounting for over $1 billion in inflows into Bitcoin and Ethereum ETFs. In the past day, BlackRock accounted for a whopping $1.07 billion in inflows into BTC and ETH. According to a Dec. 6 update shared by Lookonchain, the group of 10 Bitcoin ETFs witnessed a net flow of 7,591 BTC, or $750.67 million. BlackRock alone saw inflows of 7,727 BTC, valued at around $764.11 million. This has significantly bolstered its Bitcoin holdings, with BlackRock’s Bitcoin fund surpassing $51 billion in the most successful ETF…