Author: NBTC
Dogecoin creator Billy Markus, who goes by the name “Shibetoshi Nakamoto” on X, has made an unexpected Bitcoin price prediction that has caught the attention of the crypto community. In a tweet reacting to a recent 2050 Bitcoin price prediction from VanEck, a prominent asset investment management firm, the Dogecoin co-creator offered his prediction. Markus posted a screenshot of a tweet that shared VanEck’s 2050 price prediction for Bitcoin: $130,314 as the worst case, a base case price of $2,910,345 and $52,386,207 as the best case scenario for the Bitcoin price. wow how fascinating here’s my 2050 price prediction worst…
NFT marketplace Magic Eden sparked controversy on Friday after deciding to split its domains between the US and other global regions. This move has raised concerns among US users about how these changes might affect them. Meanwhile, the NFT sector continues to struggle, with failure rates on the rise. A recent report revealed that 96% of NFT projects have failed, highlighting the challenges the industry faces. Magic Eden’s Domain Restructuring Stirs Concerns The Solana-based NFT marketplace Magic Eden announced a domain restructuring in a recent post on X (formerly Twitter), outlining a split between US and international users. Beginning in…
The price of DOGS, a newly launched meme-inspired cryptocurrency on the TON blockchain, has literally skyrocketed today amid a general crypto market slump. DOGS saw a 38% jump from as low as $0.0012 to as high as $0.00167 in a matter of just three hours. As a result of such quick price appreciation, the new player in the dog-themed meme coin arena almost reached its Binance listing price at $0.0018. For now, DOGS commands a figure of $803 million in market cap and $1.56 billion in daily volume. This makes it the 75th and 9th biggest cryptocurrency in these metrics,…
After a dip in August, the first week of September didn’t bring much sunshine to the world of non-fungible tokens (NFTs). Sales slid by 7.69% over the seven-day period. The total number of NFT transactions was just over 1 million, which is a notable 36.93% drop from the previous week. September NFT Sales Struggle With 7.69% Drop According to cryptoslam.io, sales took a 7.69% step back this week, clocking in at $82.31 million. Ethereum NFTs saw sales of $30.92 million, just 0.92% less than the week before. Solana wasn’t as lucky, with $14.23 million in sales—a sharp 25.16% decline—but it…
The Stabila Foundation has launched a new initiative to boost stablecoin adoption within the Celo ecosystem, aiming to drive real-world use cases for the network. The Celo (CELO) blockchain ecosystem has welcomed a new foundation focused on increasing the adoption and use of stablecoins within its network. The Stabila Foundation, funded by the Celo community, aims to enhance the ecosystem’s financial stability by promoting the real-world utility of stablecoins, particularly in emerging markets such as Africa, Latin America, and Southeast Asia, according to an Aug. 28 press release shared with crypto.news. “We aim to achieve these goals by collaborating closely…
As bitcoin dipped below $55K this week, something quite interesting happened behind the scenes. On Sept. 7, 2024, the network’s computational power hit a new lifetime high. The seven-day simple moving average (SMA) for Bitcoin’s total hashrate climbed to 679 exahash per second (EH/s) on Saturday, a slight bump of 2 EH/s over the previous record set on July 25. Bitcoin’s Hashrate Soars to 679 EH/s According to Luxor’s hashrateindex.com, Bitcoin’s total hashrate hit an all-time high on Saturday, as seen in the seven-day simple moving average (SMA). At 12 p.m. EDT on Sept. 7, the hashrate clocked in at…
Popular cryptocurrency influencer Whale Panda recently speculated that MicroStrategy co-founder Michael Saylor was responsible for the swift market recovery. On Thursday, the Bitcoin price came close to reclaiming the $63,000 level despite plunging below the $50,000 level. The massive price jump has unexpectedly resulted in a rapid sentiment shift, with Bitcoin returning back to neutral territory in virtually no time. Whale Panda believes that Saylor was possibly responsible for the significant price jump by buying $2 billion worth of Bitcoin in one go. However, Blockstream CEO Adam Back, one of the most prominent Bitcoin evangelists, believes that this is not…
Toncoin (TON) is at risk of dropping out of the top 10 crypto assets amid the growth of TRON (TRX). According to data from CoinMarketCap, TON’s market cap has fallen below $13 billion over the past three days, while TRON’s has grown to over $14 billion. TON has lost its market cap position to TRON due to a recent price correction following the arrest of Pavel Durov, the co-founder and CEO of Telegram. The price of Toncoin has decreased by 18% in the last 30 days, hitting a low of $5.11 on Tuesday after a network outage which added bearish…
Bitcoin (BTC) broke $62,000 on Aug. 8 and now needs to hold the $60,600 level as support on the daily chart to try a revisit to $65,000, according to the trader identified as Rekt Capital on X (formerly Twitter). The upward movement was likely triggered by BTC chasing a CME gap between $59,400 and $62,550. A CME gap is the difference between the closing and opening prices of futures contracts traded on the Chicago Mercantile Exchange. “Bitcoin has successfully broken above $60600. Dips into $60600, if any at all, would constitute a retest attempt of that level. Generally, continued stability…
Aethir, a leader in GPUs-as-a-service, has partnered with Auros, a top crypto-native algorithmic trading firm, to improve transparency and efficiency in ATH token transactions for Aethir’s decentralized cloud computing infrastructure, the company shared in a Wednesday announcement. With the partnership, Aethir and Auros aim to address a common struggle with transaction transparency and efficiency when enterprises transition to decentralized cloud computing. The entities will implement regular, on-chain transactions to ensure that every step is visible and verifiable. Aethir has reported $36 million in annual recurring revenue from enterprise clients, facilitating seamless conversion of this revenue into ATH tokens for computing…