Author: NBTC
The fourth Bitcoin halving may be considered to be the most memorable, as industry experts believe this event was unlike any other. Bitcoin miners, in particular, were pleasantly surprised, as the recent halving sent BTC transaction fees soaring to record levels. As a result, Bitcoin miners saw an impressive amount in total revenue. According to YCharts, miners took in a record $107.8 million on the day of the halving. This came as a shock, as the halving was supposed to create a steep cut in revenue for crypto miners since rewards for new data blocks dropped by 50% during the…
Several cat-themed meme coins are trending on CoinGecko, with some recording three-digit gains over the past week. While the overall crypto market is seeing a brief liquidation, as traders are taking profits from leading assets like Bitcoin and Ethereum – the meme coin market continues to reach new heights. The meme coin market cap increased by 4% today, despite the overall crypto market cap dipping by 1.5%. New presale tokens are largely driving this meme coin rally as investors continue to look for new projects, after the recent success of BOME and Slerf. However, cat-themed tokens seem to be experiencing…
An analyst from the cryptocurrency analysis platform CryptoQuant predicted the price of Bitcoin 30 days later using the concept of deep learning. Analysts stated that the data in question is not investment advice and is shared for research purposes only. Researchers examined onchain data on the CryptoQuant platform and used them to train an artificial intelligence model. To make these predictions, analysts gave 376 different onchain data collected since 2012 to artificial intelligence. According to the researchers’ claim, the model in question made an accurate 1-month prediction using the onchain data of the last year in the studies. According to…
Despite the legal tussle between the SEC and Ripple, XRP has continued to attract the interest of institutional clients leveraging the coin for cross-border settlements. Prominent crypto expert Zach Rector has provided new evidence showing significant demand for XRP despite the coin being at the center of a multi-year legal tussle between the U.S. SEC and Ripple. In a post yesterday, Rector shared an excerpt from the SEC’s opening remedies brief, suggesting that Ripple has entered into 80 institutional sales contracts since the lawsuit was filed in December 2020. “Ripple was forced to disclose that it has entered into more…
The Bitcoin price continues to fluctuate wildly after crashing from its all-time high price above $73,000. This has triggered a wave of bearish sentiment in the market, causing a large number of crypto traders to go short on the pioneer cryptocurrency. As a result, these bears lose, risking a large amount if the Bitcoin price resumes its bullish rally. Bears Will Lose $7.2 Billion If Bitcoin Reclaims All-Time High In a post shared on X (formerly Twitter), crypto analyst Ash Crypto revealed an interesting trend concerning Bitcoin that has been developing. The screenshot shared shows that a large number of…
According to The Block, AltLayer is launching its token staking service. Accordingly, AltLayer enables staking of its native token ALT, allowing its owners to contribute to the economic security of its ecosystem. Sharing from the X account, the AltLayer team wrote: “ALT staking is now live. We are starting the phased launch of MACH Alpha. With staking, ALT holders can participate in the ecosystem and contribute to providing economic security. ALT staking kicks off phased launch of MACH Alpha. MACH Alpha was developed as an actively verified service on EigenLayer and to prioritize economic security. This service will support Optimism…
MetaLineX, a pioneering fully on-chain Web3 gaming platform, has enhanced its infrastructure by integrating Chainlink Price Feeds on the Arbitrum mainnet. This strategic move equips MetaLineX with reliable, tamper-proof price feeds essential for executing in-game payments and exchanges, thus bolstering user confidence in the platform’s transactional integrity. The initial integration focuses on the ETH/USD feed, selected for its robustness and seamless integration capabilities, ensuring that MetaLineX users experience a frictionless trading environment for in-game assets. Chainlink’s adoption by MetaLineX is pivotal, considering its reputation for securing significant DeFi protocols that manage substantial smart contract values. This integration not only fortifies…
Eternal gold bug Peter Schiff had a fierce warning for Bitcoin’s faithful on Wednesday, claiming the digital asset is on the verge of losing substantial and precarious technical price support. The popular economist and financial commentator tweeted that it’s “a long way down” if Bitcoin’s price drops below $60,000 again. Can Bitcoin Hold Above $60k? “It’s not looking good for HODLers,” wrote Schiff. “All the hard-core Bitcoiners are used to big drops. But the newbies who own the ETFs are in for a rude awakening.” It’s not looking good #HODLers. You guys need to hope #Bitcoin can hold $60K. Otherwise…
OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of artificial intelligence startups in China, each vying to fill the void and establish themselves as leaders in the generative AI space. Backed by major regional investors, these startups are developing advanced AI systems capable of producing various content, from images and text to music, posing a major challenge to OpenAI’s global supremacy. Chinese Startups Challenging the Reign of OpenAI Four key startups have become leaders in China’s AI sector, each achieving unicorn status with valuations exceeding $1 billion. Zhipu AI, backed by giants like Alibaba…
Ripple’s (XRP) investors encountered transaction glitches on XRPL Ledger’s automated market maker (AMM) pools on Monday. The team advised users to refrain from funding AMM pools until further updates. Meanwhile, Ripple’s latest blog emphasizes that a team comprising tequ, XRPL community, RippleX, and Orchestra Finance quickly identified the AMM malfunction. The issues affected the payment engines, disrupting liquidity flow through automated market maker pools. The blog added that the developers have fixed the XRPL glitch and will release it upon reviewing and testing. Nonetheless, XRP Ledger validators should vote for the solution before official release. Further, 80% of the participants…