Author: NBTC
Bitcoin’s hash rate has surged to an all-time high, reaching an astounding 667,144,834 terahashes per second (TH/s) on July 26, 2024. This unequaled rise not only signifies enhanced network security but also highlights the maturing competition among Bitcoin miners. Simultaneously, Bitcoin’s price has rebounded to $67,920, demonstrating a resilient market despite recent turbulence. NEW: #Bitcoin’s hash rate hit a new ATH 🚀 pic.twitter.com/oKP6hs1yMN — Bitcoin Magazine (@BitcoinMagazine) August 1, 2024 The hash rate is a fundamental indicator of the Bitcoin network’s computational power. It represents the number of guesses a processor’s hardware makes per second to validate transactions and add…
With decentralized exchanges and lending platforms continuously pulling in high fees, the decentralized finance (DeFi) sector continues to expand. The growing DeFi sector is attracting both retail and institutional players looking for innovative ways to manage and grow their assets. TOP 10 PROJECTS BY 7D AVG. FEES #Uniswap – $2.4M #Aave – $1.0M #KyberNetwork – $297.3K #Sky – $262.0K #Sushi – $51.5K #Curve – $47.0K #GMX – $38.5K #Synthetix – $19.2K… pic.twitter.com/0n0iH66sSX — PHOENIX – Crypto News & Analytics (@pnxgrp) September 19, 2024 Uniswap continues to lead all projects in (DeFi), with average earnings from fees of $2.4 Million over…
Tether (USDT), the world’s largest stablecoin issuer, has announced a remarkable profit of $5.2 billion for the first half of the year; market indicators suggest this could be bullish for Bitcoin’s short-term price action and long-term prospects. Tether Posts Record-Breaking H1 2024 Performance On July 31, 2024, Tether released an official attestation reports showing a record-Breaking $5.2 billion gains for H1 2024. This remarkable H1 performance includes a substantial $1.3 billion in net operating profits generated during the second quarter alone. In an impressive display of financial acumen, Tether’s ownership of U.S. Treasuries has surged to unprecedented levels. The firm’s…
Deus X Capital today launched decentralized finance business Solstice Labs. The company’s first project will be a protocol that offers all investors enhanced yield opportunities. The protocol will be built on the Solana ecosystem and is expected to go live in early 2025. Deus X Capital, the $1 billion investment and operating company led by Tim Grant, today launched Solstice Labs, a decentralized finance (DeFi) business, the company said in a press release on Friday. Solstice Labs is building institutional-grade DeFi products and protocols that will be available to all investors, the company said. The business’ first project is a…
Balanced introduces cross-chain DeFi solutions on Avalanche, eliminating the need for bridging or wrapping assets. Avalanche’s partnership with the California DMV modernizes car title transfers by digitizing 42 million titles using blockchain. Avalanche announced that Balanced brings additional cross-chain potential to the ecosystem with native DeFi solutions that eliminate the requirement for bridging and wrapping. The announcement highlighted the arrival of billions of USD in cross-chain loans on Avalanche, which represents a significant milestone for the platform and its consumers. Balanced brings new cross-chain opportunities to the ecosystem with native DeFi solutions that can remove the need for bridging or…
Economist and writer Peter Brandt, who stated that he has been trading in the stock market as a trader since 1975, warned investors about Bitcoin in his latest statement. The analyst, who has 50 years of experience, pointed out that the Bitcoin price showed a downward trend after the ATH in March, creating lower bottoms and lower peaks. Implying that consecutive lower highs reflect a bearish trend, Brandt warned that the decline in Bitcoin may continue. Because Bitcoin, which reached a new ATH of close to $ 74,000 in March, failed to exceed this level in the following months. Famous…
Ondo Finance’s tokenized treasures reach new heights with a market value exceeding $2.2 Billion. Ondo Finance is a decentralized finance (DeFi) platform that provides structural financial products and services. It uses blockchain technology to make managing treasuries more efficient, transparent, and profitable for organizations. Tokenized treasuries have been one of the fastest-growing RWA segments, with the market expanding over 100% this year—from $770M to $2.2B.At Ondo Finance, we’re proud to lead this growth, and anticipate even greater adoption ahead as more users embrace tokenized treasuries.… https://t.co/MIzzBpg1bj — Ondo Finance (@OndoFinance) September 19, 2024 Ondo Finance helps an organization convert its…
Intersect, the organization overseeing the Cardano blockchain’s development, issued an urgent call for decentralized application projects on the blockchain to hasten their preparations for Chang Upgrade #1. According to an Aug. 17 statement by Intersect shared with crypto.news, more than 80% of stake pool operators on Cardano (ADA) have already moved to the latest validator node, 9.1.0. However, crypto exchanges and decentralized apps on the blockchain also need to upgrade to node 9.1.0 and report their progress. In its statement, the organization said that the success of the upgrade depended on exchanges meeting a target of 85% liquidity on the…
As Bitcoin’s price experienced a dip near the $64,000 mark, Michael Saylor, the chairman and cofounder of MicroStrategy, took to X to share his steadfast support for the leading cryptocurrency. Crypto prices fell after the Fed announced on Wednesday that interest rates would remain steady. At the end of its July meeting, the Fed left benchmark interest rates unchanged and provided little indication that a much-anticipated rate decrease in September was guaranteed. Fed Chair Jerome Powell noted that, while no decisions have been made regarding a September decrease, the “broad sense is that we’re moving closer” to an interest rate…
Renzo and Jito have teamed up to introduce ezUSDC, a novel asset on Solana‘s decentralized finance (DeFi) landscape. This venture aims to integrate USDC as a stable collateral for staking, enhancing the reliability of Node Consensus Networks (NCNs) on the blockchain. By doing so, ezUSDC is anticipated to provide a steady alternative to more volatile assets. As a restaked liquid token, ezUSDC is set to widen the scope of secure operations within DeFi protocols. Contents hide 1 How Does USDC Benefit Solana? 2 Why Is ezUSDC Important for NCNs? How Does USDC Benefit Solana? USDC, a dominant stablecoin on Solana,…