Author: NBTC
Bitcoin Magazine’s “10 Steps to Self-Sovereignty” series in partnership with Ledger is officially concluded. Over the last few months we have gone through many different topics, ranging from specific guides on how to manage and interact with your bitcoin securely and in a self-sovereign fashion, to explanations of fundamental properties that make Bitcoin a valuable and functioning asset and network. Now that the series has concluded, let’s look back at each article and the topic it covered. Step 1 | Understanding Your Bitcoin Keys: Bip39 Seed Words This first article takes a look at how to actually manage your seed…
After a brief consolidation near the critical $4K resistance level, Ethereum encountered increased selling pressure, leading to a decline. However, a significant support zone lies ahead, which may curb further downward movement. By Shayan The Daily Chart A closer look at the daily chart shows that after a short period of consolidation near the pivotal $4K resistance, Ethereum faced heightened selling activity, resulting in a notable rejection. This indicates strong selling interest around the previous major swing high of $4K, highlighting aggressive short positions near this key level. Nonetheless, there is a significant support zone ahead, including the 100-day moving…
Vandell Aljarrah, a finance consultant and co-founder of Black Swan Capitalist, has asserted that when institutional demand for XRP arrives, it will endure and bolster XRP’s value. Aljarrah expressed this sentiment in a recent post on X. The remark came as a reply to community member Chad Steingraber’s commentary on the reason XRP sees minimal impact from cross-border payment utilities. XRP Unimpacted by Present Utilities Steingraber argued that XRP’s market value sees minimal impact from Ripple’s cross-border payment solution because of the medium through which the transactions occur. Specifically, he noted that the transactions are essentially over-the-counter (OTC) trading, unlike…
Key Points: Bybit is moving its staff from Shanghai and Shenzhen to Malaysia and Dubai, considering closing these Chinese offices to adapt to new regulations. Bybit relocate Chinese employees unwilling to relocate may face layoffs, though they will receive fair compensation, stirring significant concern within the team. This major move aims to ensure Bybit’s growth and compliance internationally, marking a pivotal shift in its operational strategy. Bybit relocate Chinese employees team members to Malaysia and Dubai. This follows the latest development, with the opening of registrations to the Chinese market, suggesting a strategic turn in its operation model. Relocation comprises…
Ryan Rasmussen, a senior researcher at Bitwise Asset Management, has noted that Ethereum, the second-largest blockchain network, managed to generate more revenue than major public companies of the likes of Etsy, Yelp, and Reddit in the first quarter of 2021 . Ethereum generated more revenue than Robinhood, Etsy, Yelp and Reddit in Q1 2024.Probably nothing. https://t.co/OYYWrYvdZx — Ryan Rasmussen (@RasterlyRock) June 10, 2024 According to data provided by Coin98 Analytics, Ethereum achieved record transaction fee revenue of roughly $1.2 billion. This marked a 79% increase compared to the previous quarter. Ethereum’s transaction fees recorded a significant uptick in March due…
Despite the ongoing bloodbath across the broader crypto market, Shiba Inu’s L2 scaling solution, Shibarium, has continued to witness a spike in adoption. This is marked by a resurgence in the number of daily transactions on the network, which plunged to below 6,000 on April 10. Shibarium’s daily transaction activity has skyrocketed ever since, reaching 562,980 at press time, according to data from Shibariumscan. With the daily transaction activity surging to around 562,980, the total transaction count is now at 416,865,226 (416.86 million). It bears mentioning that Shibarium transaction activity spiked majorly in December 2023, as the network averaged around…
With the up-and-coming rise in cryptocurrency adoption, many new investors are flooding the crypto scene quickly to realize that diversifying portfolios is the game’s name here. Hence, they turn to swap apps with cross-chain capabilities. The ability to quickly exchange funds between distinct blockchains is a powerful tool in an investor’s repertoire. Let’s review our top pick for the top three promising apps for cross-chain swaps. CrowdSwap It is a shining star within the DeFi sphere. They provide a state-of-the-art platform that enables efficient and user-friendly cross-chain swaps. Many of our readers probably already know about this platform due to…
Nearly $100,000 in BTC was vaporized on invalid Rune Protocol mints, according to Bitcoin Ordinals and Runes explorer Ord.io. On Wednesday, the specialized tracker tweeted that 1.365 BTC (worth approximately $97,662) was lost by users attempting to mint Rune 777, also known as LEEROY JENKINS. Runes is a fungible token protocol on the Bitcoin network that lets users “etch” and mint tokens on the world’s largest blockchain. “The way Runes minting works is there is a mint window in which all Runes minting transactions are valid,” pseudonymous Ord co-founder Leonidas explained to Decrypt—for example, from block 840,000 to block 841,000.…
Hardhat Chad proposes rewarding users with SOL tokens for testnet activities on Solana. This incentivizes community involvement in testing, aiming to enhance platform performance. Mixed community responses highlight diverse opinions on addressing Solana’s congestion issue. Solana, a blockchain network renowned for its speed and scalability, recently faced a significant challenge as users encountered a surge in failed transactions, with the failure rate soaring to a staggering 75%. The congestion issues rattled the community, prompting urgent measures to resolve the situation. In response to this pressing issue, Solana is taking proactive steps by launching its first update to mainnet validators. This…
As Bitcoin teeters close to its previous peak, discussions about its next big price targets have reignited. Among the voices contributing to this conversation is Samson Mow, the CEO of Jan3 and a prominent Bitcoin advocate. Recently, on X (formerly Twitter), Mow expressed his belief in Bitcoin’s imminent rise to $100,000, a milestone he sees as a stepping stone toward an eventual value of $1 million. His forecast is based on events triggered by breaking past the all-time high of $73,750 in March. Critical Factors To Drive Bitcoin Price To $100k Target Mow outlines a cause-and-effect scenario that could catapult…