Author: NBTC
After months of accumulating billions of dollars’ worth of Bitcoin, the successful Bitcoin exchange-traded funds (ETFs) that launched this year are set to soon collectively hold more of the leading cryptocurrency than its mysterious, pseudonymous founder, Satoshi Nakamoto. A chart posted on Twitter (aka X) on Monday by Bloomberg ETF analyst Eric Balchunas shows that the 10 spot Bitcoin funds now trading on American stock exchanges now hold close to a million digital coins when tallied up. While the figures in the graph are slightly off the current totals—Grayscale’s Bitcoin ETF has been bleeding digital coins as investors cash out…
A crypto analyst who nailed Bitcoin’s 2018 bottom six months in advance is turning bullish on Ethereum (ETH). The analyst pseudonymously known as Bluntz tells his 273,300 followers on the social media platform X that the low for Ethereum is potentially in now that ETH tagged its lowest level in six months in August. According to the trader, Ethereum is now on the verge of reclaiming a range with an upper boundary at around $2,850. Bluntz further says that Ethereum is exhibiting bullish divergence on the three-day time frame when paired with Bitcoin (BTC). A bullish divergence occurs when the…
Chainlink incorporated Cardano’s ADA and six other cryptocurrencies into its Data Streams platform, providing real-time data for the assets. The Cardano network has seen fresh adoption after Chainlink announced it has added support for Cardano’s ADA through its Data Streams project. Users can now access on-chain and off-chain data related to the asset through the platform. New assets supported by #Chainlink Data Streams ↓ ADA – @CardanoILV – @illuviumioINJ – @injectiveJTO – @jito_solLDO – @LidoFinanceONDO – @OndoFinanceSUI – @SuiNetwork pic.twitter.com/hTXjpTtJtC — Chainlink (@chainlink) August 30, 2024 In addition to ADA, the new Chainlink additions included assets like Illuvium (ILV), Injective…
Blockchain developer Mysten Labs has opened preorders for its SuiPlay0X1 gaming handheld, the first device to integrate Sui blockchain, offering a gaming experience with web3 features. Mysten Labs, the developer behind the Sui blockchain, has launched preorders for its new gaming handheld, the SuiPlay0X1, according to a Sept. 2 report from Venture Beat. The SuiPlay0X1, powered by Playtron’s device-agnostic game operating system, features an AMD Ryzen 7 7840U CPU, an AMD Ryzen 780M GPU, 16 GB of DRAM memory, and a 512GB SSD with expandable storage. The device also boasts a 7-inch IPS no-bezel screen with a resolution of 1920…
Wall Street Bitcoin (BTC) miners faced their toughest month of the year in August, with revenues plummeting to levels not seen since September 2023. The downturn highlights the growing challenges in the cryptocurrency mining sector, as increased competition and technical hurdles continue to squeeze profit margins. According to data from analytics firm Bitbo, miners’ revenue for August totaled $827.56 million, marking a significant 10.5% decrease from July’s $927.35 million. This figure represents a staggering 57% drop from the 2024 peak of $1.93 billion recorded in March, coinciding with Bitcoin’s all-time high of over $73,500. The decline in revenue comes despite…
Kakarot has announced a significant advancement in its blockchain ecosystem with the integration of Cycle Network, as revealed through their official X account. This development represents a key step towards optimizing cross-chain interactions. It also enhances overall user experience within the Kakarot platform. 🥕 We are very happy to welcome @cyclenetwork_GO to the Kakarot ecosystem! With their chain abstraction stack, bridging assets to and from Kakarot is now easier than ever. We are moving closer to a seamless cross-chain UX! 🧑🌾 And… we’ve got more cooking—stay tuned! 👀 https://t.co/PeQn1aiq9I — Kakarot zkEVM (@KakarotZkEvm) August 31, 2024 Cycle Network Joins Kakarot…
In a recent speech for the Texas Blockchain Council, U.S. Senator Ted Cruz referred to Bitcoin as an energy safety blanket for Texas’s grid infrastructure. Cruz described Bitcoin (BTC) as a “reservoir of power,” suggesting that it could serve as an energy safety net for the state’s grid infrastructure during extreme weather events or times of economic uncertainty. “What Bitcoin presents is an opportunity in real-time to enhance the resiliency of our grid,” said Cruz. These comments come as Bitcoin mining in Texas has sparked concerns over noise pollution and health issues for residents, highlighting the need for better regulations.…
In the daily chart, the Ethereum price action reveals a massive falling channel pattern in motion. Starting from the support trendline near the $2350 support level, the bull cycle struggles to surpass the $2800 supply zone. Further, the bullish failure to surpass this resistance resulted in a massive three-day crash, accounting for a price drop of 11.22%. However, the 2.86% jump on Wednesday reflects the bullish dominance at the $2400 level. Source: TradingView Nevertheless, the Ethereum price struggles to surpass the uptrend above the $2500 psychological mark. With an intraday fall of 0.44%, the pullback is expected to intensify with…
Shiba Inu has significantly moved to serve ecosystem members on the iOS platform. This move aligns with the core objective of the Shiba Inu project, namely, consistently developing various utilities that benefit users in its ecosystem. Agent Shiboshi now on iOS According to the announcement shared by PlayWithShib on X, the game Agent Shiboshi is now accessible for download on iOS devices. Therefore, iPhone users can visit the App Store to download and join the action. Agent Shiboshi has been available to Android device users for some time. Following Android users’ positive reviews and enthusiasm, SHIB developers have made the…
Much like hopeful lottery players who play despite knowing the odds are stacked firmly against them, there are still bitcoin miners who refuse to join a conventional mining pool. Defiant, they choose to work alone — the solo miners of the Bitcoin network. Solo mining is risky and mathematically irrational. Almost every miner joins large pools — usually set up to benefit Bitmain — for their predictable revenue. The chances of correctly solving Bitcoin’s mathematical puzzle working alone are nearly 0%. Yet ‘near zero’ doesn’t equal zero. Protos has put together a chart detailing when in the past 10 years,…