Author: NBTC
Just before the upcoming block reward halving, with only 72 blocks left until reaching block height 840,000, bitcoin miners have significantly boosted their hashrate. As of 8:50 a.m. EDT on April 19, 2024, the hashrate soared to a record 653 exahash per second (EH/s). Bitcoin Hashrate Achieves New High as Halving Approaches Just hours ahead of Bitcoin’s fourth halving, the network’s hashrate has set a new peak, reaching 653 EH/s on Friday—a 12 EH/s increase over the highest record set a week earlier. BTC miners are vigorously pursuing block height 840,000 to collect as many 6.25 BTC rewards as possible…
Aethir has detailed insights about Aethir Edge, the centerpiece of its solution for making it big in one of the fastest-growing segments—DePIN, an acronym for decentralized physical infrastructure. The idea is to support the AI and gaming sectors with GPU cloud computing. Plans are in line for Aethir to roll out rewards and native tokens—ATH—in the second quarter of 2024. Aethir Edge has been defined by Aethir as a visionary hardware cloud computing device that can anticipate the rapid expansion of user bases and enterprises. Also working in favor of Aethir Edge is that it attempts to bank those who…
In the fast-paced and often tumultuous realm of cryptocurrency trading, seasoned trader Peter Brandt has emerged with a unique approach that has caught the attention of the market. Brandt, boasting over four decades of trading experience, has unveiled his secret weapon: the weekly Renko graph. Brandt’s endorsement of the Renko chart as his primary method for evaluating BTC trends has stirred significant interest among traders. Renko graphs, unlike traditional charts, consolidate small price movements into distinct blocks, offering a lucid portrayal of prevailing market trends. Hidden gem? The veteran trader’s confidence in the Renko chart is underpinned by its remarkable…
Emi YOSHIKAWA, Ripple’s vice president of corporate strategy and operations, took to social media X to comment on Japanese giant SBI Holdings’ recent XRPL initiative, calling it a “huge” deal. SBI intends to use the XRP Ledger to issue non-fungible tokens (NFTs) to visitors to Expo 2025, the upcoming World Expo to be held in Osaka, Japan. The NFT MYAKU-MYAKU, the official Expo character, can be obtained by visiting Explo and completing various missions. Visitors can also receive additional NFTs if they use the Expo mobile app. It is worth noting that the event is expected to attract 28 million…
In a notable development within the Ethereum ecosystem, an early participant in the Initial Coin Offering (ICO) has recently executed a substantial sell-off, garnering attention across the cryptocurrency community. According to reports from Spot on Chain, the individual in question has sold 2,000 ETH for 6 million USDC, a transaction of considerable magnitude. This event is particularly noteworthy due to the historical context of the whale’s involvement with Ethereum. Records indicate that the whale initially acquired 33,213 ETH during Ethereum’s Genesis ICO on July 30, 2015, at an ICO price of approximately $0.31 per token. Over time, they have strategically…
Dogecoin surged by 17% over the past three days, showcasing strong bullish momentum. Bulls quickly regained control after a dip, leveraging support from the 20-day EMA and previous breakout zones. Technical analysis indicates a positive trajectory, with Dogecoin forming higher highs and higher lows. Dogecoin (DOGE) has experienced a notable uptrend with an impressive 17% increase in its value over the past three days. After dipping below the 20-day EMA, Dogecoin swiftly bounced back, demonstrating robust bullish momentum. Despite efforts from bears to challenge the emerging bullish sentiment after reaching a fresh swing high, the bulls quickly regained control, utilizing…
Ahead of the looming Bitcoin halving, miners must soon confront the new reality of a potential substantial drop in profitability. This dynamic has spurred the reevaluation of miners’ relationship with energy, which is their largest input cost. With block subsidies being reduced by half, miners can no longer be passive energy consumers. Instead, they must evolve into strategic energy partners that create new forms of value to ensure they thrive amidst the evolving bitcoin mining landscape. To bolster profit margins, miners have traditionally prioritized low-cost energy sources. The Bitcoin halving will only intensify this pursuit, compelling miners to explore unconventional…
Automata Network, a platform that provides private web facilities to dApps, has recently announced an exclusive development. The company has disclosed the launch of Horizen EON, an EVM-compatible sidechain that runs a smart contract forum focusing on scalability, on 1RPC. 1RPC operates as a Web3 relay that intends to safeguard the privacy of the consumers. EON Launches on 1RPC, Says Automata Network The company disclosed the development in a recent blog post. The firm mentioned that 1RPC shields the metadata of the consumers from any leakage and exposure. In addition to this, the company has revealed that 1RPC has effectively…
Bitcoin Exchange-Traded Funds (ETFs) experienced a remarkable trading day on March 12, with a record-breaking purchase of 14,261 bitcoins. The figure not only surpasses the initial enthusiasm witnessed during the ETFs’ launch but also sets a new high for market engagement. The method for calculating these Bitcoin purchases involves dividing the daily monetary inflow by Bitcoin’s average price, highlighting the ETFs’ significant role in the market. After experiencing a downturn in inflows that coincided with a reduction in Bitcoin’s price, the ETFs have shown a strong rebound. Current trends indicate not just a recovery but an ongoing increase in investments.…
The next World Expo 2025 in Osaka promises to be a showcase of innovation and technology, and XRP Ledger is set to partake. Ripple Vice President Emi Yoshikawa has expressed excitement as the Japanese financial giant SBI Group will be using XRP Ledger to mint visitor NFTs for the event. This move is a key milestone for Ripple and the wider usage of blockchain technology. Yoshikawa, Ripple’s VP of Corporate Strategy and Operations, took to social media to share the details of this historic milestone. Official NFTs (“MYUAKU-N”) minted on the XRP Ledger will be distributed to millions of visitors…