Author: NBTC
A collaboration between the Blockchain Acceleration Foundation (BAF) and Arbitrum has established a procedure to scrutinize the development of decentralized applications that make use of Arbitrum’s technology. This project acts as a hands-on manual for the first Arbitrum Workshop session. The exercises were designed to provide practical knowledge related to Ethereum upgradeability, smart contract creation, and real-time implementation of blockchain services. The entire activity is centered on the even distribution of cupcakes. The exercise specifies that the first step is to set up and position the cupcake vending machine. This is followed by positioning, which requires configuring the project directory.…
Bitcoin ETF applications were approved by the US Securities & Exchange Commission in early January this year. Speculation was that the token would experience a significant surge. That could happen in the days to come, but what has certainly happened is a rise in the AUM, which is Assets Under Management. They are currently worth $10 billion within just one month of approval. Leading the charge are BlackRock and Fidelity, with their respective products. AUM of $10 billion demonstrates that investors’ attention is undergoing a shift. Additionally, Bitcoin has begun to acquire popularity due to its reputation as a store…
Andrew Kang has put forward an estimate for $BTC demand flow. It comes out to be in the range of $40 billion and $130 billion. The basic foundation of the estimate is that many people continue to underestimate the wealth available for investments in the crypto market or the BTC market. Per their calculation, the annual BTC buying could come to $52 billion. This roughly translates to $150 million every day. The backdrop is that the average income of a household in the US is $105k. It moves up to $13 trillion in terms of annual income across the US,…
After a tumultuous 2022, Bitcoin (BTC) is poised for a remarkable resurgence in 2024, according to a consensus of industry experts. This comprehensive analysis delves into the key factors driving this positive sentiment, including the highly anticipated Bitcoin halving event, surging institutional adoption, and the introduction of spot Bitcoin exchange-traded funds (ETFs). The Halving Event: A Catalyst For Scarcity, Price Appreciation The Bitcoin halving event, scheduled for April 2024, stands as a pivotal moment in the cryptocurrency’s history. This event, occurring every four years, reduces the block reward for miners by half, effectively diminishing the supply of new BTC. This…
In a recent development, Ethereum [ETH] co-founder Jeffrey Wilcke’s wallet has made a notable deposit of 4,300 ETH to a cryptocurrency exchange. The deposit made by Wilcke amounts to 22,000 ETH, valued at approximately $41.1 million at the time. With Ethereum’s current price standing at $2,500, this deposit has injected renewed interest and excitement into the market. Ethereum Co-Founder Transfers 22K ETH: Impact On Price Despite this substantial deposit, the overall trend of Ethereum’s netflow remains unaffected. This deposit comes after a considerable hiatus, with the last recorded transaction from this wallet dating back to June 2023. Jeffrey Wilcke, the…
Bitcoin is edging closer to the $50,000 mark after a week of extreme bullish price action, a level not seen since December 2021. Amidst this price surge, the number of Bitcoin addresses in profit has now crossed over 90%. According to data from IntoTheBlock, 91% of Bitcoin addresses are currently profitable. This means the vast majority of holders and investors have an incentive to continue holding, particularly as the next halving for Bitcoin miners approaches. 91% Of Bitcoin Addresses Now In Profit As Price Nears $50,000 Bitcoin has had an eventful week in terms of price action. The world’s largest…
Crypto analyst Adam Back believes there is a chance Bitcoin (BTC) could hit the $100,000 price mark ahead of the halving event in April. This prediction comes as Bitcoin continues its recovery from a rather bearish January. Data from the price tracking site, CoinMarketCap, reveals that BTC’s price gained by 11.02% in the last week, moving into the $47,000 zone. Dual Bull Cycle? Analyst Forecasts Bitcoin Bull Run Pre-Halving In a post on X on February 10, Adam Back shared a Bitcoin price forecast in which he predicted the digital asset to attain a new all-time high (ATH) price before…
Kevin Svenson, a crypto analyst on YouTube, recently provided an analysis of the future price trajectory of Bitcoin, predicting a strong surge to $100,000 this year. According to the analyst, BTC is poised to go parabolic after its halving in April as the crypto is looking very bullish on the weekly chart. The halving cuts the block reward for Bitcoin miners in half, reducing the supply of new Bitcoins in circulation. With demand remaining steady or increasing, the reduced supply has been historically known to drive up the price of BTC. Bitcoin Parabolic Surge Not Far Off Bitcoin is currently…
Bitcoin roared back this week, clawing its way to $48,207 – its highest point since early January. This fiery ascent follows weeks of muted trading, fueled by concerns about institutional outflows and a post-ETF price dip. But what’s sparking this sudden surge? And can the digital dragon overcome its next hurdle? Positive Winds Fill Bitcoin’s Sails Several factors are propelling Bitcoin’s recent rally: Spot ETF Momentum: The long-awaited launch of spot Bitcoin ETFs in January might be finally delivering on its promise. Potential inflows and positive sentiment surrounding these new investment vehicles are driving interest. Halving Horizon: The Bitcoin halving, scheduled for May 2024, looms…
According to data from CoinMarketCap, Bitcoin (BTC) has maintained its upward price trajectory over the last day, gaining by 4.04% to briefly trade above the $48,000 mark. As BTC now hovers around the $47,100 price zone, investors and market experts remain highly speculative about the token’s next action. On that note, popular analyst Ali Martinez has called a major prediction that could spell weighty losses for many investors. Liquidity Hunters Target $45,810 In Potential Bitcoin Price Manipulation Plot In an X post on Friday, Martinez predicted an incoming dip in Bitcoin’s price driven by a planned liquidation. Using data from…