Author: NBTC

Mining Bitcoin costs money, and it’s getting pricier for miners considering the most recent reward halving. CoinShares tells us it’s about $53,000 to mine one Bitcoin these days, and that’s an average that large mining companies spend on one BTC. For those who don’t know, halving means miners get half the Bitcoin they used to get for decoding blocks that contain data about the Bitcoin network. Because they’ll be getting less Bitcoin, what it costs to run their mining machines, mostly the electricity, could feel like it’s doubled. And there’s more: experts think the total power of Bitcoin mining might…

Neura, the innovative layer 1 blockchain by Ankr, has officially launched its public testnet. This release opens doors for developers keen on pioneering groundbreaking decentralized applications (dApps) that amalgamate AI and blockchain technologies. Neura aims to revolutionize the AI startup landscape by addressing pivotal challenges such as funding, GPU resource acquisition, and efficient data storage through its state-of-the-art cloud computing, AI, and Web3 solutions. A flagship initiative under the ‘Road To Mainnet’ program is the AI Innovators Competition. This developer-centric contest encourages builders to harness Neura’s unique attributes as a dual-purpose blockchain and AI launchpad. The competition is geared towards…

MicroStrategy continues to add to its bitcoin stash despite the digital asset’s price hitting all-time high. Canaccord raised its price target on the stock to a street high of $1,810. Despite driving shareholder value via its bitcoin acquisition strategy, no other direct competitors have emerged. MicroStrategy (MSTR) is not “resting on its laurels” despite bitcoin (BTC) trading at an all-time high, as the software company and largest corporate holder of the cryptocurrency continues to add to its stash, investment bank Canaccord Genuity said in a research report Monday. Canaccord almost doubled its MicroStrategy price target to $1,810 from $975, the…

Rob Cunningham, the host of KUWL.show, has argued that Ripple’s venture into the stablecoin market, which is expected to reach $2.8 trillion, could make XRP a $12 asset. Yesterday, crypto payment firm Ripple disclosed its intention to launch a USD-based stablecoin on the XRP Ledger (XRPL). Ripple emphasized that the stablecoin market is worth over $150 billion as of present. However, it cited projections that the market could expand to $2.8 trillion by 2028. The $2.8 trillion projection has captured Ripple’s attention, prompting the firm to declare its intent to enter the market and launch its USD stablecoin on the…

FalconX unveils new and improved bankruptcy-remote custody with credit lines and off-exchange settlement. Derivatives exchange Deribit is the first to integrate FalconX’s Prime Connect. Cryptocurrency trading firm FalconX has introduced a new prime brokerage service to allow institutions to trade on exchanges while their funds remain in regulated, bankruptcy-remote custody. FalconX’s Prime Connect, unveiled on Tuesday, also includes post-trade settlement, institutional-grade credit, and portfolio margining, the company said in a press release shared with CoinDesk. Deribit, the world’s leading crypto options exchange, is the first to integrate FalconX’s prime broking and custody solution. In the wake of FTX’s collapse, the…

Comparing pros and cons of the most popular mining pools. To make high profits from mining, the right powerful machines aren’t enough, you need to pick the right pool. A miner’s income is directly impacted by the platform’s fee percentage, and whether it has built-in exchange and storage tools. We evaluated the top mining services and built a rating of the best pools for mining in 2024. How to Choose a Mining Pool To catch a block a solo-miner needs more that 112.5 thousand TH/s (as of January 2024). For that, you’d need to have about 800 s19xp 141th ASICs.…

In the rapidly evolving landscape of adult entertainment and blockchain technology, a new player, Only1, has made great strides with a recent $1.3 million investment round led by Newman Group, accumulating a total of $4.8 million to create a platform similar to OnlyFans on the Solana blockchain Solana. This initiative promises a decentralized approach to adult content, but the big question remains: will professional creators from platforms like OnlyFans be willing to migrate to this new model? Only1’s bold move: can a new blockchain-based platform attract creators away from OnlyFans? The appeal of Only1: resisting censorship Conclusions Only1’s bold move:…

Analysts at Bernstein, a leading asset manager with $725 billion assets under management, are now convinced that Bitcoin (BTC) would hit $150,000. Bitcoin (BTC) recorded one of its most bullish days yesterday, spiking from a low of $67,232 at the start of the day to a new all-time high of $72,863. The asset breached multiple resistance zones, riding on the massive demand driven by the spot Bitcoin ETF products. Amid this bullish run, asset manager Bernstein released a note to its clients, calling attention to the cryptocurrency’s impressive performance and reiterating its confidence in more substantial surges. Bernstein Bullish on…

Whale Alert, the popular wallet tracker, has spotted significant transactions on Tether Treasury. In two recent posts, Whale Alert shared that 100 million USDT had been transferred from Bitfinex to Tether Treasury earlier today. 🚨 🚨 🚨 🚨 🚨 100,000,000 #USDT (100,008,750 USD) transferred from #Bitfinex to Tether Treasuryhttps://t.co/gtMvu4nUry — Whale Alert (@whale_alert) April 5, 2024 In a separate post, Whale Alert noted that the Tether Treasury also minted 1 billion USDT today. Responding to the latter, Tether CEO Paolo Ardoino noted that the recently minted assets represent an inventory replenishment on the Ethereum Network. According to Ardoino, the replenishment…

The Philippines’ Securities and Exchange Commission (SEC) is working to remove Binance-linked applications from app marketplaces. Apple and Google received separate requests on April 19. They were urged to remove the apps from their stores, according to a Tuesday announcement. “The SEC has identified [Binance] and concluded that the public’s continued access to these websites/apps poses a threat to the security of the funds of investing Filipinos,” SEC Chair Emilio Aquino said in the letters. Aquino noted that offering unregistered securities to Filipinos and acting as an unregistered broker violates Republic Act no. 8799, or The Securities Regulation Code. He…