Author: NBTC
The following is a guest post by Vincent Maliepaard, Marketing Director at IntoTheBlock. When you first hear about Bitcoin staking, you might assume there’s a mistake, given Bitcoin’s Proof of Work (PoW) mechanism. However, Bitcoin staking is indeed a reality, with thousands of addresses participating and generating returns on their assets. Here’s what you need to know. Bitcoin Staking Explained Staking traditionally refers to the process where holders of a cryptocurrency lock up their funds to participate in network operations, such as transaction validation on Proof of Stake (PoS) blockchains. Bitcoin, however, operates on a PoW consensus mechanism, which does…
The crypto bull market is back, and with it advertisements for ultra-high yield opportunities to lure bitcoin from investors’ wallets. Unsurprisingly, centralized offerings and nascent DeFi projects are bull market-sizing their annual percentage yields (APYs). ZeroLend, for example, an experimental, decentralized finance (DeFi) platform, offers an irresponsible 61% APR denominated in a bitcoin-branded token called Lombard BTC. This token is currently worth approximately the same as bitcoin. It’s important to note that bitcoin itself, which is not proof-of-stake (PoS), offers no native yield. Nevertheless, by introducing risks like proprietary trading or lending customers’ deposits, centralized services like M2, WireX, or…
Five students from the University of The Bahamas each won $10,000 for their digital music and art creations as part of the university’s NFT Digital Arts Project, sponsored by Snoop Dogg’s son Cordell Broadus. According to a report by Bahamas media Eyewitness News, the University of The Bahamas announced the student winners of its Non-fungible token Digital Arts Projects on Oct. 7. Each student receives a prize of $10,000 for their NFT creations. Three students won awards in the Visual Art category, while two other students won in the Music category. The project is funded by the Champ Medici Arts…
According to a new report from Token Unlocks, a platform that provides data on the unlocking events of blockchain projects, RWA and liquid restaking protocols have seen significant gains, outperforming DeFi and DEXs in the current crypto market cycle. 📊 Token Unlock Trends: Why Some Sectors Rise and Others SinkIn the world of crypto, not all tokens perform equally, especially when it comes to their unlocked value and price performance.Our analysis uncovers key trends across various categories👇:– DeFi and DEX sectors… pic.twitter.com/9wkeMpKB5t — Token Unlocks (@Token_Unlocks) October 2, 2024 Real-world asset (RWA) tokens have led the crypto sector with a…
Bitcoin is a mess right now, and Wall Street is a big reason why. Once hailed as a revolutionary product that would change finance as we know it, Bitcoin is now acting like just another stock. Right now, its price is $63,057, down 1.05% in twenty-four hours. The entire crypto market is not doing any better, with a total market cap correction of -0.75% dragging it down to $2.2 trillion. Bitcoin’s intraday trading volume has also dropped by 41.88%. So what’s going on? Why is something that’s supposed to be a hedge against traditional markets suddenly behaving like just another…
Bitcoin is currently in a short-term bullish trend, but it is approaching a critical area of resistance as it becomes overbought on shorter timeframes. According to analyst Josh of Crypto World, the Super Trend indicator remains red. Bitcoin’s price is still following a larger bearish trend, and despite some bullish action in the short term, a true bullish reversal has not been confirmed yet. Signs of a Reversal: The analyst said that Bitcoin has shown some early signs of a reversal, like forming higher lows on the candle wicks, but more is needed to instill confidence in a long-term bullish…
What has turned out to be critical in ASIC miner construction is the liquid cooling technology. AI integration is only now becoming used to make mining operations more efficient in real time. Flexibility in algorithm support is turning into a desirable characteristic in ASICs and will not fade away soon. As 2024 started to progress, the extraction of digital currency is getting tougher and only five ASIC mining equipment companies could prevail. Such machines are the state of the art in the mining industry and bring the greatest efficiency and computational power. This article seeks to reinforce this perspective while…
Macro guru Raoul Pal believes that the stage is being set for Bitcoin (BTC) to explode to his massive price target. In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive says Bitcoin tends to rise and fall along with global liquidity cycles. He shares a chart suggesting that global liquidity will surge over the next three months with BTC following suit. “It’s an [absolutely] beautiful chart. It’s the GMI (Global Macro Investor) global weekly liquidity [index], so that’s both private-sector liquidity and public-sector liquidity from the large global economies. I mean it’s just perfect. It…
Cryptocurrency analytics firm CryptoCon has confidently predicted an upcoming bull market for Bitcoin, dismissing concerns of a recession or prolonged bear market. In a recent statement, the firm highlighted its Puell Multiple analysis, a key indicator that suggests Bitcoin is currently in a mid-cycle correction phase and is preparing for a significant price increase. CryptoCon noted that this pattern has been observed in previous Bitcoin cycles, most notably in September 2012, 2016, and 2020, just before the start of major bull runs. The firm argued that despite the recent market volatility, Bitcoin is on track for another bullish period. The…
Investors holding just 10,000 XRP could experience substantial returns on their investments depending on XRP’s top price for the ongoing bull market. The crypto market is currently witnessing a pause on the current bull run following rapid price surges from Q4 2023 to Q1 2024. Bitcoin (BTC), the largest crypto asset, clinched a new all-time high alongside a few altcoins. However, XRP failed to even breach the $1 level, facing resistance at $0.7440 in March. XRP Accumulation Steadies Despite the underwhelming performance, multiple market commentators believe XRP would not miss out on this bull phase despite concerns raised by veterans…