Author: NBTC
Historically, every Bitcoin halving — a disinflationary mechanism inscribed in the currency’s code by Satoshi Nakamoto — has come a year or two before a new all-time high. This is partly because a halving cuts the block reward paid to miners in half, reducing the number of new bitcoin being created and theoretically making bitcoin more scarce. For example, with the latest halving to come, the block reward will fall from 6.25 bitcoin (BTC) to 3.125 BTC. The three previous Bitcoin halvings occurred in the run-up to an all-time high, which then gave way to a price drawdown — until…
aelf, an innovative blockchain network, has declared its visionary strategy to incorporate artificial intelligence (AI) into its blockchain operations. This step signifies a transformative era for the aelf blockchain, which will evolve from a decentralized network to an advanced ecosystem infused with cutting-edge AI technologies, expanding its capabilities and enhancing user engagement. aelf’s transition integrates computational advancements, large language models (LLMs), and intelligent agents into its blockchain infrastructure, marking a significant enhancement and evolutionary step in its development. “This is not merely an improvement; it is the evolution of our blockchain,” explained Auric, the founder of aelf. 📢ANNOUNCEMENT📢As we envision…
Yesterday, Uniswap, the world’s largest decentralized exchange platform, announced through its blog that the U.S. Securities and Exchange Commission served them with a Wells notice indicating a possible lawsuit. This not-so-shocking news comes when the SEC is still in wrangles with Coinbase, the US’s largest centralized exchange, and Ripple, among other crypto and blockchain companies. Following the announcement, notable individuals within the crypto community have come out to voice their opinions on the SEC and their motives. Uniswap took to their blog to explain the contents of the Wells notice, indicating that the SEC did not provide any material detail…
XRP investors holding between 5,000 and 100,000 XRP could see their investments skyrocket by as much as 70 to 164x if XRP rallies to the $43 to $100 range. The cryptocurrency market has embarked on a recovery journey, with Bitcoin (BTC) leading the charge, as prices experience major rebounds. However, despite BTC reclaiming the $70,000 price point, some altcoins have not recovered their mid-March highs. XRP is one such altcoin, currently trading for $0.6085 amid a 0.93% drop over the last 24 hours. In addition, while XRP’s relative strength index (RSI) indicates a lack of strength, its current position at…
FTX founder Sam Bankman-Fried filed to appeal his conviction and sentence for fraud and conspiracy charges on Thursday, hours before his deadline to do so. Bankman-Fried was convicted last November after a month-long trial on seven different charges, including fraud against FTX customers and Alameda Research investors. His companies filed for bankruptcy the year prior. Earlier this month, Bankman-Fried was sentenced to 25 years in federal prison for his role in the collapse of the exchange, along with 3 years of supervised release and $11 billion in forfeiture. New York District Court Judge Lewis Kaplan said Bankman-Fried was not remorseful…
In his new post on X, prominent crypto analyst Willy Woo shared his insights on Bitcoin (BTC) investment strategy, analyzing his decision-making process since entering the market 11 years ago. Woo’s analysis focuses on the potential future value of BTC relative to traditional assets such as gold and the U.S. dollar. Woo assesses the risk/reward ratio of investing in BTC, indicating that he believes there is more than a 50% chance that Bitcoin will outperform gold. Based on this assessment, he argues that investing in BTC represents a favorable risk-return ratio opportunity. He outlines three potential scenarios for Bitcoin’s future…
The mysterious Shiba Inu lead known to the community as Shytoshi Kusama has addressed the SHIB community in a recent message, commenting on the most recent major collaboration started by Shiba Inu. In the meantime, this week, the SHIB army has successfully burned hundreds of millions of meme coins. Shytoshi Kusama’s important message The enigmatic SHIB leader has commented on the recently initiated cooperation of the SHIB team with CDSA (Content Delivery Security Association). This collaboration will help Shiba Inu to explore the prospects of blockchain use in the sphere of media and entertainment. “We look forward to providing a…
Craig Wright has dropped his appeal against Hodlonaut in Norway. The decision to drop the case comes a month after a U.K. judge definitively ruled that Wright is not the inventor of Bitcoin. Craig Wright has dropped his appeal against Norwegian bitcoiner Hodlonaut, ending a nearly five-year-long legal battle over a series of social media posts in which Hodlonaut called Wright a “scammer” and a “fraud” for claiming to be the inventor of Bitcoin. A Norwegian judge sided with Hodlonaut after a 2022 trial in Oslo, concluding that he had “sufficient factual grounds to claim that Wright had lied and…
Ethereum developers, fresh off the successful Dencun upgrade, which enabled a major change to make it cheaper to transact on layer-2 blockchains, are moving ahead in planning the blockchain’s next improvements. The contents of the next upgrade, “Pectra,” are nowhere near finalized, but developers have previously said their aim with the upgrade will be to ship it while simultaneously working on the chain’s next upgrade. “The idea with Pectra is to try and find a bunch of small wins that we can get relatively quickly while we prototype the larger stuff,” Tim Beiko, protocol support lead at the Ethereum Foundation,…
Bitcoin (BTC) accumulation by old and new whales shows distinct price points with Spot ETF fueling the latest large-scale buyup. According to data from crypto analytics platform CryptoQuant, old Bitcoin whales acquired the coin mostly at an average price of $21,300 while new whales bought on average around the $56,400 mark. This differing price mark shows that Bitcoin price in general has different resistance and support zones that market participants need to watch out for. However, the current trend allay the fears of immediate selloff by whales, seeing the coin is trading above these two averages with its market value…