Author: NBTC
Cryptocurrencies surged higher with bitcoin (BTC) nearing $64,000 on Thursday as the Federal Reserve’s jumbo rate cut bolstered risk appetite across asset classes. Bitcoin climbed nearly 6% over the past 24 hours from Wednesday’s whipsaw below $60,000 as traders digested the Fed’s decision to lower benchmark interest rates by 50 basis points, a move many observers say may mark the beginning of an easing cycle by the U.S. central bank. The largest crypto hit its highest price this month at $63,800 during the U.S. trading hours before stalling and retracing to just above $63,000. Ethereum’s ether (ETH), the second-largest cryptocurrency…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Solana restaking has long made intuitive sense: Take Ethereum’s most successful narrative from the past year and apply it to the blockchain making the strongest attempt at grabbing Ethereum’s mantle. For some crypto startups, it’s an intuition worth staking their business on. Multiple startups have already begun developing tools for Solana restaking, essentially betting that the technology will be implemented — and further betting there will be demand for it once it’s available. Restaking is the EigenLayer-popularized concept of…
Emerging blockchain networks are challenging Polkadot by offering innovative solutions for scalability, interoperability, and security. Projects like Astar Network and Acala are raging between established DeFi and the development of new financial services products, active both developers and investors. Specialized networks like eFinity (for NFTs) and Corda (for enterprise solutions) are targeting specific niches within the blockchain ecosystem. There is a vibrant ecosystem for blockchains, and contenders to Polkadot have surfaced in several networks. These platforms are driving new solutions to scale, integration, and security issues of the decentralized ecosystem. As the industry proceeds five networks have drawn significant attention…
Futures ETFs on Bitcoin allow investment in cryptocurrency without owning an actual Bitcoin or other cryptocurrencies with the help of regulation. These ETFs provide a variety of exposures from the leveraged products to the inverse ones and aim at different goals. Some of the ETFs have incorporated both Bitcoin and Ethereum futures which makes it possible to diversify in the cryptocurrency market. Bitcoin Futures ETFs have emerged as an essential investment instrument in the cryptocurrency market. This is done by offering a mechanism to engage in future price prediction of digital assets without holding the underlying asset. This has created…
Just days after a pair of prominent Telegram games launched their long-awaited tokens on The Open Network (TON), the prices of both have fallen more than 50% from their respective peak prices. Hamster Kombat, which attracted some 300 million players to its Telegram mini app over the past few months, launched its HMSTR token last Thursday to mixed reception from players. About 129 million players were eligible for the token claim, and some complained that their allocations were “dust” and much smaller than expected. Now, just five days after the launch, the price of HMSTR has plunged by 53% to…
Bitcoin mining rig manufacturer Bitmain has just rolled out two new rigs, boasting a hashrate of up to 216 terahash per second (TH/s) for their air-cooled model and 319 TH/s for the hydro-cooled version. Bitmain Releases New Air and Hydro-Cooled Bitcoin Mining Rigs The Chinese application-specific integrated circuit (ASIC) producing giant, Bitmain, has debuted its latest bitcoin mining machines. The new machines include the air-cooled Antminer S21+ and the water-chilled Antminer S21+. This comes hot on the heels of Bitmain’s announcement of the next-gen U3S21EXPH unit, a liquid-to-chip miner with a jaw-dropping 860 TH/s. The latest additions to the Antminer…
Router Protocol has recently announced Solana’s integration. As per Router Protocol, this integration improves the position of the platform to substantially improve cross-chain interoperability. The respective integration permits Solana to link to more than thirty other Ethereum Virtual Machine-compatible and non-EVM blockchains. The platform announced this endeavor on its official social media account on X. Router Protocol has successfully integrated Solana, enabling cross-chain asset transfers and chain abstraction. Solana is now connected to over 30+ EVM and non-EVM chains via Router Chain.Read more in our full blog post: https://t.co/k4tcjgsoaXWith Router Nitro, users can… pic.twitter.com/xCtTy8185M — Router Protocol (@routerprotocol) October 9,…
Key Takeaways Bitcoin’s bull pennant pattern suggests a potential rally with a target of $158,000 by 2025. The S&P 500 reaching a record high coincides with bullish signals for Bitcoin. Bitcoin has formed a bull pennant pattern on its monthly chart, suggesting a potential uptrend continuation, according to analyst Titan of Crypto. This pattern often indicates accumulation before a major price move. Meanwhile, the S&P 500 hit a record 5,700 after the Fed’s first-rate cut in four years, hinting that Bitcoin might follow with a significant rise. This rally could suggest that Bitcoin may follow suit, potentially seeing a significant…
Bitwise, the leading crypto index fund manager, has filed for an XRP exchange-traded fund in the state of Delaware, according to Fox Business reporter Eleanor Terrett. For now, there is no official confirmation from Bitwise regarding the company’s intention to introduce an XRP ETF. “More details to come. Stay tuned,” the Fox Business reporter added in a social media post. Some have taken the recent filing with a grain of salt. Last November, scammers published a fake filing for a BackRock XRP ETF on the website for Delaware’s Division of Corporations. The move was meant to fraudulently push the XRP…
According to the latest network data, bitcoin’s computational power hit an all-time peak today on Oct. 10, 2024, reaching 698 exahash per second (EH/s). This new record surpasses the previous high of 693 EH/s, set on Sept. 8. Bitcoin’s Hashrate Skyrockets to 698 EH/s as Miners Surge Ahead of Difficulty Adjustment Following a decline in price, a drop in hashprice, and a 4.09% increase in network difficulty, bitcoin miners successfully elevated the network’s total hashrate to unprecedented levels. As of 1 p.m. EDT on Thursday, hashrateindex.com’s seven-day simple moving average (SMA) reported a rate of 698.94 EH/s. This achievement comes…