Author: NBTC
The Bitcoin halving event is pivotal in the cryptocurrency world, impacting miners’ strategies and the entire network’s dynamics. As the rewards for mining new blocks are slashed in half, miners must adapt their approaches to maintain profitability and network stability. In this article, we delve into the various strategies employed by Bitcoin miners during the halving event. What is Bitcoin halving? The Bitcoin halving occurs approximately every four years, reducing the block rewards miners receive by 50%. This mechanism is programmed into the Bitcoin protocol to control the coin’s supply and maintain its scarcity over time. With each halving, the…
In honor of the launch of the new project 10101.art, visitors will be able to see artworks by Picasso, Dalì, and Banksy, as well as become owners of some paintings in NFT format. Picasso, Dalì and Banksy as NFTs: 10101.art wants to make art accessible to everyone Picasso, Dalì and Banksy as NFTs: 10101.art leverages blockchain technology Banksy’s debut of “Turf War” in NFT format Picasso, Dalì and Banksy as NFTs: 10101.art wants to make art accessible to everyone On April 15, at the Monada Gallery of the Ritz-Carlton in Dubai, there will be the launch of 10101.art: the new…
Layer-1 blockchain Saga announced back in March that it was launching an in-house video game publishing division called Saga Origins. Now with the mainnet and SAGA token live, we have a clearer sense of what to expect from the upstart publisher. Saga CEO and co-founder Rebecca Liao set out the vision for the publishing arm in a recent interview with Decrypt’s GG, claiming that it is looking to publish games that are “provocative, expansive, [and] uncompromising.” This is a divergence from the typical approach in the Web3 industry, with many crypto games focused on inoffensive and often family-friendly experiences. Even…
In a comprehensive analysis of the cryptocurrency market, the European Securities and Markets Authority (ESMA) has revealed the highly concentrated nature of crypto trading and the potential risks it poses to the broader financial ecosystem. The report, released on Wednesday, comes as the European Union prepares to implement the world’s first extensive regulatory framework for cryptoassets, dubbed MiCA. According to ESMA’s findings, a mere ten exchanges handle approximately 90% of all cryptocurrency trades, with Binance, the largest exchange, accounting for an astonishing 50% of the market. The recent Finance Magnates Intelligence study confirms the market watchdog data, showing the increasing…
JPM says the odds of a spot ether ETF approval in May are still no more than 50%. There will likely be litigation against the SEC if the regulator doesn’t approve the products in May, the report said. Spot ether ETFs will eventually be approved, the bank said. Recent news that the U.S. Securities and Exchange Commission (SEC) is investigating companies associated with the Ethereum Foundation is consistent with the view that there is no more than a 50% chance of spot ether (ETH) exchange-traded fund (ETF) approval in May, JPMorgan (JPM) said in a research report on Thursday. The…
With the larger part of the cryptocurrency market flashing red after a period of exceptional bullishness, Bitcoin (BTC) is leading the trend, and one of its most famous critics, Peter Schiff, has warned about the possibility of its catastrophic crash due to the spot exchange-traded funds (ETFs). Indeed, the prominent Bitcoin skeptic has voiced his opinion that the more of the flagship decentralized finance (DeFi) asset enters into ETFs, the more vulnerable it will become to a “catastrophic crash,” according to his post on the social media platform X shared on March 18. As Schiff explained, this is because “ETF…
The recently concluded NFT.NYC event saw a strong presence from the Shiba Inu Army, with a range of NFT community projects emphasizing SHIB’s impact in the NFT realm. The Shiba Inu team dedicated a section of its latest SHIB Magazine publication to extolling the SHIB Army’s representation in the 2024 edition of the NFT.NYC event. It emphasized that several community members are leading the charge in NFT, as evidenced by their recent participation in the New York City NFT event. Among those present were notable Shiba Inu NFT projects such as AIRian, Tutti Frutti Women (TFW), Shib CoOp, and ShibaPunkz.…
Volume Surpasses $1.6 Trillion Amid Crypto Bull Market Bitget, a cryptocurrency exchange, has reported impressive growth in the first quarter of 2024, with futures and spot volume exceeding $1.4 trillion and $160 billion, respectively. This marks a significant increase from Q1 2023, where futures trading volume was $658 billion and spot trading volume was $59 billion. Expanding User Base and Product Offerings The exchange now boasts over 25 million users across its trading platform and Web3 wallet. The first quarter saw several key developments in the crypto market, including a robust recovery in February, with Bitcoin reaching unprecedented highs. The…
Bitcoin price tanked more than 7% on Tuesday morning as the bloodbath across the crypto market pushed altcoins deep into correction territory. BTC reached lows of $62,438 as bears threatened to plunge prices to the $60k level. BTC price near key level as alts bleed As the benchmark cryptocurrency struggled, altcoin bloodbath also intensified. Ethereum, Solana, BNB, Cardano and Avalanche all fell double digits, with ETH dipping to $3,200, SOL to $172 and BNB to $502. Cardano and Avalanche dropped to $0.59 and $55 respectively. According to data from Coinglass, a total of 242,841 traders had been liquidated in the…
According to a recent report by Axios, German athletic apparel and footwear corporation Adidas has inked a new cryptocurrency partnership with Crypto: The Game. Crypto: The Game is an internet survivor game that allows participants to compete for a pot of pooled ETH. The second season of the game wrapped up its public mint in early April, with 800 players joining the challenge. Those who volunteered to take part in the game had to purchase a non-fungible token (NFT) for 0.1 ETH (roughly $350 at current prices). The game is powered by Base, Coinbase’s layer-2 network that was launched back…