Author: NBTC
Bitcoin halving, a critical event for the network and the cryptocurrency market, particularly impacts the mining sector by reducing the Bitcoin reward by half. This fourth halving, anticipated to occur around April 19, will cut the block reward from 6.25 to 3.125 BTC. This programmed adjustment occurs every four years and follows the pattern set since the first halving in 2012. It is designed to control inflation and mimic the scarcity of traditional resources. In an interview with Cryptonews.com, Adam Sullivan, President and CEO of Core Scientific, discusses the challenges and opportunities this halving presents. Core Scientific is one of…
Everyone watching Bitcoin is asking if its price will jump after the halving. This is when the reward for mining Bitcoin cuts in half, and usually, the price starts to climb after that happens. But what’s going to happen this time, considering the bloodbath we are seeing on the market? Looking at the Bitcoin chart we have, it seems the price has not been jumping as much as it did before other halvings. This makes some people worry about the rally’s future. If Bitcoin does not start ascending more before it hits a price just a bit higher than its…
Vitalik Buterin, Ethereum’s creator, has always looked for ways to make the network more decentralized. A recent study by Toni Wahrstätter expands on Buterin’s ideas about changing how Ethereum rewards its validators to support this goal. The study focuses on what is called “anti-correlation penalties.” Right now, large groups that run many Ethereum validators can save on costs, which tends to pull the network toward a few big players. But if many validators controlled by one operator fail at the same time, it can be a risk for the whole network. This is where the new idea comes in: if…
Meme coins have recently faced a significant correction as crypto whales book the profit. However, Floki has emerged as an outlier, demonstrating remarkable resilience. Unlike its counterparts, this meme coin has maintained its value, even appreciating against the odds. Meme Coins Form Local Top The crypto whale, operating under the wallet address 0xe58, has strategically deposited 196.19 billion Pepe (PEPE) tokens, valued at about $1.71 million, into the crypto exchange – Binance. According to Spot On Chain, originally, the crypto whale acquired 1.196 trillion PEPE tokens at a cost of $0.000001571 each, spending an estimated $1.88 million between February 25…
On March 19, Anthony Pompliano, the founder of Pomp Investments, appeared on Bloomberg TV’s “Bloomberg Crypto,” hosted by Sonali Basak and Tim Stenovec, to share his insights on Bitcoin’s recent price correction, which has seen the flagship cryptocurrency fall below $63,000. TradingView data shows that Bitcoin prices peaked at $73,794 on the Bitstamp exchange on March 14th, have been falling for the past six days, and reached a low of $61,447 yesterday: Source: TradingView In a conversation marked by Pompliano’s depth of knowledge on Bitcoin’s historical performance and market dynamics, he provided a reassuring perspective on the current state of…
Ether’s rally continues to gain momentum, significantly outperforming Bitcoin amidst a spike in market volatility. Over $27 million in Ether short positions were liquidated due to the asset’s recent surge past the $3,600 mark. “The choosing of Ethereum by BlackRock for its tokenized fund signals long-term bullish sentiments,” said according to a research. As Ether maintains its upward trajectory, surpassing Bitcoin’s performance, a wave of short liquidations highlights the market’s bullish stance on the leading smart contract platform. Bullish Momentum Builds for Ethereum With Ethereum’s price soaring above $3,600, the crypto asset has witnessed a significant reduction in short positions,…
The price of Bitcoin (BTC) has fallen after rising to the $74,000 mark. New analysis of the BTC price by Coinidol.com. Bitcoin price long-term forecast: bearish The cryptocurrency traded and reached a high of $73,794 before being beaten back. The rise ended when the price of the cryptocurrency fell below the 21-day SMA. Currently, the Bitcoin price is trading between the moving average lines. The value of Bitcoin is currently at $62,261 at the time of writing this article. According to the price indicator, Bitcoin is expected to fall even further. The BTC price has fallen below the 21-day SMA…
Top market analyst Ali Martinez has revealed the quantity of Bitcoin (BTC) to buy at each price level in his newly unveiled Dollar Cost Averaging (DCA) strategy. With the price of Bitcoin yet to find defined support amid the ongoing correction, some investors seek ways to leverage the price discount. However, some market experts advocate the dollar cost-averaging approach for those looking to augment their holdings. This system involves buying Bitcoin with a smaller yet fixed dollar regularly, at different price levels. With DCA, traders “apply value investing principles to regular investment.” The Martinez Strategy As outlined by the Ali…
The total value of assets locked on Shibarium, the Shiba Inu layer-2 network, has hit a new high as investors continue to back the ecosystem. The price of Shiba Inu has caught the eye recently, with a triple-digit increase in the past month. At the same time, the increased attention around the project has also led to greater usage and capital injection into Shibarium, Shiba Inu’s layer-2 network. According to data from DefilLama, the total value of assets locked (TVL) on the network surged to a new high of $2.25 million on March 5. The figure represented a more than…
Illuvium, a leading name in digital world-building, has partnered with technological titan Samsung. This collaboration marks a pivotal moment in the convergence of digital landscapes and physical technology, promising to usher in a new era of engagement and immersion for users around the globe. Illuvium x @Samsung : Bridging the Digital and Physical Worlds🌉Leaders in Entertainment Join Forces! We’ve partnered with @Samsung to bring Illuvium to homes around the globe! Get ready for a collaboration that combines the best of cutting-edge technology. The future is… pic.twitter.com/FmGIOjdplh — Illuvium (@illuviumio) April 9, 2024 The partnership is more than a simple collaboration;…