Author: NBTC
VeChain’s communications lead, Jake C., has clarified a recent U.S. patent approval for a security management system initially believed to be associated with VeChain. VeChain strengthened its market presence in 2024, enhancing its role in supply chain management and increasing the adoption of its blockchain solutions. A recent U.S. patent approval involving a key security management system has sparked discussion in the blockchain community due to its association with VeChain. The patent, U.S. Patent 12,058,252 B2, was granted in early August 2024 and is attributed to NanoJClean, an offshoot of VeChain operating in China. Moreover, crypto community members hyped the…
The strength of Ethereum’s price momentum has weakened considerably. In the last 30 days, it has experienced a drop of at least 5.4%. A few analysts have already expressed their doubts about Ethereum’s ability to hit a new all-time high this year. Have Ethereum investors lost their faith? Let’s see what analysts have to say! Ethereum’s Underperformance Compared to Tech Stocks Nick Forster, a crypto analyst, openly challenged the potential of Ethereum to make a big upward move this year, and its ability to compete against the top tech stocks, including Nvidia and Meta, which provided massive returns to their…
Compass Mining has powered up 3,000 bitcoin mining machines at its newly partnered hosting facility in Iowa. The company also plans to install 1,000 more machines in September. Compass Mining Scales Iowa Facility The bitcoin mining operator Compass Mining shared that it has energized 3,000 machines at the new site, with plans for an additional 1,000 by the end of this month. This expansion will boost the facility’s capacity by 12.5 megawatts (MW). According to Compass Mining, this initiative is part of a larger strategy aimed at scaling up operations. By the end of 2024, the company intends to manage…
Ether’s 5% market depth on U.S. exchanges has dropped by 20% since the introduction of spot ether ETFs in the U.S. Poor market conditions and seasonality effects are to be blamed, according to CCData. Exchange-traded funds (ETFs) will be net positive for market liquidity, making it easier to execute large buy and sell orders at stable prices. That’s what CoinDesk reported in December 2023, before the ETFs were approved in the U.S. The liquidity boost materialized well enough in the bitcoin (BTC) market following the debut of spot ETFs on Jan. 11. With ether (ETH), however, the story played out…
Polkastarter announced the launch of its V4 platform, the next product version after beta testing, which is the most significant upgrade. This version, without a doubt in any user’s mind, is meant to improve the users’ experience, including a new Homepage and Dashboard. These improvements offer smoother navigation and several new functionalities that elevate how users interact with the platform. 🔥 @polkastarter launches V4 with major upgrades#Polkastarter has officially launched its V4 version following a beta testing phase. The updated platform features a redesigned homepage and dashboard, improved navigation, and several new functionalities.👉… pic.twitter.com/AK5qEpPRiY — PHOENIX – Crypto News &…
According to analyst Josh of Crypto World, Bitcoin is on the brink of confirming a massive reversal signal on the charts. He compares the current price action to previous patterns, particularly after crashes, where an initial bounce is often followed by a minor pullback before stabilization. He expects a similar scenario to play out, with a possible slight bullish relief over the next week or so. Despite the potential bearish outlook, the short-term trend remains bearish, with Bitcoin forming lower highs and lower lows. The price recently encountered support around $54,000 and resistance just under $69,000. Even if Bitcoin experiences…
The largest altcoin Ethereum showed more weakness and fell more than Bitcoin. Despite these declines, analysts generally think that ETH will experience a strong rise in the near future, while one analyst believes that the chances of ETH reaching new record highs by the end of 2024 are slim. New ATH in Ethereum is Hard to Achieve by the End of 2024! Ethereum is unlikely to surpass its current all-time high of $4,878 and reach new highs by the end of 2024, crypto derivatives platform Derive founder and former Wall Street investor Nick Forster said. Forster said that Ethereum currently…
The team behind the Shiba Inu meme cryptocurrency recently took to the X social media platform to congratulate the community on the International Dog Day, which is observed annually on Aug. 26. The day was celebrated for the first time by American animal welfare advocate Colleen Paige. When Page was 10, her family adopted their first dog named “Sheltie” from an animal shelter on Aug. 26, which is precisely why that day was chosen. On National Dog Day, those who celebrate are encouraged to adopt a dog from a local shelter, have a safety check for a dog at home,…
While cryptocurrencies‘ most popular appeal is still their speculative nature—with investors and traders looking for life-changing opportunities—blockchain technology‘s true value lies in solving real problems and driving innovation in a decentralized manner. On this aspect, Finbold encountered three startups that are leveraging this technology to build useful tools for the real world. These companies have recently launched, announced, or tested their solutions at scale, suggesting a growing momentum for utility-focused projects. As their foundation, the three startups run their products and infrastructures in the MultiversX (EGLD) blockchain. The founder of Europe’s oldest cryptocurrency fund, Justin Bons, CIO of CyberCapital, called…
A perfect storm is brewing in the cryptocurrency market, as Bitcoin’s price struggles to gain traction despite a recent uptick. While the flagship cryptocurrency managed a modest 0.5% gain to $57,350 in early European trading, according to data from CoinGecko. But underlying market dynamics tell a more complex story. A key factor contributing to Bitcoin’s price weakness is the aggressive selling by new whales. According to data shared on Twitter by CryptoQuant Head of Research Julio Moreno, these newly-minted large scale investors dumped a staggering $688 million worth of Bitcoin on August 5 alone—the largest single-day of loss since May…