Author: NBTC
Bitcoin difficulty hits an all-time high of 95.67T, which coincides with a record hashrate that went above 700 EH/s for the first time. The 3.9% jump in difficulty becomes the 13th positive adjustment for 2024. Once the 365-SMA total miner revenue is claimed, this typically coincides with bull runs in bitcoin. Bitcoin’s (BTC) mining difficulty hit an all-time high of 95.67 terahashes (T), rising by 3.9%, on Tuesday, Glassnode data shows. Mining difficulty measures how hard it is to mine a new block on Bitcoin. So far, in 2024, there have been 22 difficulty adjustments, with 13 being positive. As…
API3 presents a novel decentralized platform designed to facilitate API services for web3 infrastructure, delivering data streams in a distributed format. Unlike traditional internet APIs, which rely on centralized hosting, API3 enables data to be accessed through smart contracts from various providers, enhancing the reliability and accessibility of the data. Contents hide 1 What Features Does API3 Provide? 2 How Does API3 Facilitate Off-Chain Data Transfer? What Features Does API3 Provide? API3 empowers APIs to directly transmit data to blockchain applications, eliminating the need for intermediary services. The platform features a native governance token that users can stake for rewards…
A widely followed crypto analyst is issuing a warning that Ethereum (ETH) may collapse in value in sync with Fed rate cuts. In a new video update, crypto strategist Benjamin Cowen tells his 818,000 YouTube subscribers that ETH may follow a similar 2019 pattern and plummet to the lower bound of the logarithmic regression band putting the top altcoin at around $1,000. According to the analyst, the logarithmic regression band is designed to track the fair value of an asset using “non-bubble data.” “The reason I compare 2024 to 2019 is because if you look at the rate hiking cycle,…
The community has always backed Shiba Inu (SHIB) in times of need, and it appears that whales are coming to the rescue again. Although the popular meme coin had a good run in the last few weeks, it is still stuck in an extended consolidation phase, which seems far from over. But large holders have emerged, and things are expected to reverse from there. Shiba Inu is currently in an ideal buying phase, thanks to the ongoing sideways movement. While some may still be pessimistic about the current situation, whales have started to jump on the SHIB bandwagon. They are…
Prove AI AG, creators of the Prove AI governance solution, announced a strategic shift to build its flagship product exclusively on Hedera. Recognizing Hedera as the ideal DLT platform for developing and scaling AI governance solutions, Prove AI is focused on enabling enterprises to scale AI technologies responsibly and compliantly while maintaining visibility and control over the data that trains AI systems. Hedera will support Prove AI’s go-to-market with ongoing strategic support. Prove AI offers a powerful set of features that help enterprises protect user data while navigating complex regulatory frameworks. Leveraging Hedera’s security, transparency, and scalability, Prove AI enables…
BTC’s price action since late April contradicts the persistently bearish MACD signal. The divergence means potential for a sudden bull revival. Talk about bearish factors in the crypto market, and there are plenty right now, ranging from U.S. economic slowdown, yen strength, political uncertainty, and dwindling blockchain activity. However, bitcoin’s (BTC) technical studies, particularly related to the weekly price chart, offer hope. Technical analysis is often seen with skepticism, with critics likening it to “hocus pocus” due to its reliance on past data and indicators rather than fundamentals. However, how price behaves in relation to trend-tracking indicators can provide insights…
The Ethereum price has just broken out of a key symmetrical triangle pattern, signaling a potential surge to new levels above $3,000. The recent breakout is seen as a bullish indicator for the top altcoin by analysts who have closely watched the Ethereum price action for the past few months. Ethereum Price Breaks Out Of Key Triangle Pattern A popular crypto analyst identified as “TheMoonCarl” on X (formerly Twitter) has disclosed that the Ethereum price has finally broken out from its symmetrical triangle pattern. Sharing a chart illustration of the distinctive technical pattern, the analyst revealed to his 1.3 million…
The Wall Street Journal (WSJ) has published an article raising concerns that a recent spike in former President Donald Trump’s rates on cryptocurrency prediction platform Polymarket may have been artificially inflated. According to the report, Trump’s chances of winning the November election have risen sharply over the past two weeks. As of Thursday, Polymarket users were predicting Trump’s chances at 62%, compared to Vice President Kamala Harris’ 38%. That’s a significant shift from early October, when the two candidates were in a close race. The WSJ suggests that the spike could be the result of manipulation by four Polymarket accounts…
The EigenLayer restaking protocol is preparing to lift the transfer restrictions on the EIGEN token on September 30. With the upcoming activation of the token transfer feature, stakeholders will soon be able to trade and transfer their share of EIGEN tokens, including airdrop rewards. The project clarified that holders of staked tokens must comply with the 7-day withdrawal period to unlock their EIGEN tokens. This update follows the distribution of 86 million EIGEN tokens during the protocol’s second stakedrop, which was targeted at active stakeholders from March 15 to August 15, 2024. Tokens released in this and the previous stakedrop…
Renowned scholar, risk manager and author of bestselling books such as “Black Swan”, “Antifragile”, and “Skin in the Game”, Nassim Nicholas Taleb has taken to his account on the X social media platform (formerly known as Twitter) to praise Bitcoin’s rival in the physical world – gold. He also drew his followers’ attention to the real “de-dollarization” taking place around the world. Meanwhile, Taleb continues to criticize the world’s flagship cryptocurrency Bitcoin. Taleb speaks of “de-dollarization”, praising gold Nassim Taleb addressed his community of X followers to mention that there is real “de-dollarization” of the world taking place, however, it…