Author: NBTC
Ethereum is going steadily above $2,300 at the time of drafting this article. More specifically, the token is exchanging hands at $2,309.65, increasing to 0.705 in the last 24 hours. It further marks a jump of 0.30% and 3.63% in the last 7 and 30 days, respectively. ETH surpassing $2,300 was a rare feat in recent days. The community now speculates that that could be a thing of the past. The token is being teased to surge by almost twice in the coming months of this year, that is, in 2024. Why is Ethereum price set for a 2x surge…
Over the past couple of months, Bitcoin has picked up a tremendous pace in the market. In October 2023, the crypto surged from 27,967 dollars to 35,000 dollars. This trend was the first stable uptick BTC encountered after May 2022. The crypto continued this surge for a while, primarily because of the buzz surrounding the US ETFs. Now, Bitcoin is comfortably trading above the 42,000-dollar mark. The anticipation regarding Bitcoin ETFs generated a positive market outlook that lifted the entire crypto market. In February 2024, the momentum has slowed a bit, but Bitcoin has found a solid foothold above 42,000…
Following the anticipated consent, BitGo will serve as a qualified custodian for the Hashdex Bitcoin ETF. This is required for all ETF applications. BitGo’s sponsorship is a collaborative pledge to build a stronger and safer market structure. If the scenario changes in their favor, Hashdex Bitcoin Futures ETF will become a spot Bitcoin ETF and will rebrand as Hashdex Bitcoin ETF. BitGo and Hashdex, the digital asset advisor for DEFI and a prominent global crypto-focused asset manager with $540M in AUM, have been collaborating for an extended period of time. As the foremost qualified institution custodian, BitGo is the optimal…
Bitcoin has been at the center of the stage since the time the US SEC approved ETF applications. In all honesty, BTC never really left the limelight. If anything, the approval has helped it gain more attention worldwide. Crypto enthusiasts are optimistic that the token will rise in the coming days despite being aware of bearish arguments. Bullish sentiments are based on factors like macroeconomic conditions, comparison to gold, and ETF inflow. ETF Inflow and GBTC Outflow GBTC has been pinned as a major reason why BTC is rallying at a lower value. The selling pressure pointed out that this…
IBC recently introduced its latest update, ibc-go v8.1. The update has brought IBC Channel Upgradability to the platform. With ibc-go v8.1, IBC can upgrade existing channels for new apps and features like fee middleware. It also allows the network to use interchain accounts alongside unordered channels. Moreover, the update facilitates pruning stale acknowledgments for reduced disk overhead. IBC released a string of tweets and an official post to inform the users. The tweets continued to read that Channel Upgradability will solve an important issue for IBC partners. Currently, token fungibility uses existing channels, which requires new channels for new features.…
Bitcoin is predicted to experience unprecedented growth and opportunities in 2024, according to many reports and analysts who have dissected micro and macro trends, forecasting a bright future for the world’s largest crypto and other related assets. The price of Bitcoin may surpass $50,000 by the middle of 2024, retracing the wave patterns that previously propelled the cryptocurrency to all-time highs. Analyst words on Bitcoin The founder of 10x Research, Markus Thielen, mentioned in one of his notes on Monday that Bitcoin will be taking fresh bets on a bullish market and break above the $43,000 mark, requiring re-engagement of…
Ethereum had its latest upgrade, the Dencun or the Cancun– Deneb upgrade, which was highly anticipated to be completed within the year’s first quarter. This upgrade will mainly focus on improving Ethereum’s security, efficiency, and scalability through a chain of EIPs (Ethereum improvement proposals). One of the EIPs, proto-dank sharding or EIP-4844, will soon be implemented during the Dencun upgrade, and this will allow users on the Ethereum blockchain network to benefit from reduced gas fees on L2 (Layer 2) transactions after the proto-danksharding. The second of the three test networks recently went live with the Dencun upgrade. In this…
Kadena has announced that it has achieved an important milestone as hashrate touches an ATH of 666.88 PH/s, that is, Petahashes per second. This has been termed incredible considering there is a decline in Bitcoin. It is also incredible since the lowest it has ever been was 63.19 PH/s. The ATH dates back to January 28, 2024. Kadena is optimistic about the growth amid the rise in its hashrate. The higher the hashrate, the stronger the security and decentralization. Also, it demonstrates that Kadena has new computational power joining the ecosystem. Therefore, it makes it difficult for malicious actors to…
On January 10, 2024, the US SEC approved applications for Bitcoin ETFs, encouraging optimism among crypto enthusiasts. There was a momentary rise in the valuation, but that has calmed down now. While the Bitcoin ETF has paved the way for more crypto ETF applications to surface in the future, its adoption has considerably slowed down. Several financial institutions comply with due diligence before listing the product on the platform. This means that institutions are checking Bitcoin ETFs for risks, facts, and opportunities. No firm has denied listing the product, but they have said that only after they have conducted due…
Ethereum is up by 1.67% in the last 24 hours, listed at $2,304.40 at the time of drafting this article. There is a possibility that ETH may rise more in the days to come. The statement is based on the anticipation that the US SEC will likely approve the remaining Ether ETF applications. An alternate expectation is that the price may not be affected or have little impact. So, a simple answer is that there is a chance of ETH rising after the Commission approves applications, and there is also a chance that the actual impact may be minimal. Potential…