Author: NBTC

Following the recent reduction in bitcoin mining rewards, the largest public bitcoin miners have begun to hone in on fresh strategies in an attempt to maintain a competitive edge. Segment standouts continue to tout the importance of greater scale and revenue diversity, with one prepared to jump with both feet into high-performance computing. Marathon touts growth, revenue diversity plans Marathon Digital said it plans to have half its revenue come from outside of mining over the long term. Such targets are consistent with industry-wide efforts to diversify revenue streams after per-block mining rewards dropped from 6.25 BTC to 3.125 BTC…

Data from Soso Value, the platform for ETF data aggregation, shows that the total net inflow of Bitcoin spot ETF on Monday, April 22, was $62.0899 million. Significantly impacting this net inflow was the outflow from the GrayScale GBTC, which Soso Value recorded as $34.993 million. According to SoSoValue, the total net inflow of Bitcoin spot ETF yesterday, April 22, was $62.0899 million. Grayscale GBTC had a single-day net outflow of $34.993 million. The single-day net inflow of Fidelity ETF FBTC was US$34.8334 million, and the historical cumulative net… pic.twitter.com/yt2vTMA5bm — Wu Blockchain (@WuBlockchain) April 23, 2024 Fidelity’s FBTC topped…

Magic Eden has surpassed Blur to become the top NFT marketplace in terms of trading volume, marking a significant shift in the competitive landscape of digital asset exchanges. This development comes as Blur, previously a dominant player in the Ethereum-based NFT market, sees a decline in its market share. According to DappRadar’s Dapp Industry Report for April 2024, Magic Eden’s trading volume exceeded Blur’s by $108 million. This surge is attributed to Magic Eden’s strategic expansion into Bitcoin Ordinals and its robust rewards programs, attracting traders and collectors alike. The platform’s integration of Bitcoin Ordinals trading, which now constitutes 70%…

According to Bloomberg, the collapsed cryptocurrency exchange Mt. Gox, which once handled 70% of all Bitcoin transactions globally, might be inching closer to distributing $9 billion worth of Bitcoin to its creditors. This development marks a critical turning point in one of the longest and most intricate sagas in the history of cryptocurrency. Mt. Gox, formerly the world’s largest Bitcoin exchange, was hacked in 2011 and declared bankrupt in 2014. The collapse sent shockwaves through the cryptocurrency industry, leaving many investors out of pocket, with significant amounts of Bitcoin lost or stolen. According to Arkham Intelligence, the bankrupt cryptocurrency exchange…

Trading platforms offer a variety of options for users, but few specialize in decentralized perpetual futures. dYdX stands out in this niche, providing users with an innovative platform for perpetual trading, characterized with high transaction speed, low fees and numerous possibilities for DYDX token holders. It is also perfectly suitable for newbie traders, simplifying the DeFi experience and making the transition from centralized exchanges seamless. The recent developments in dYdX’s offerings make it an ideal choice for those looking to explore decentralized finance (DeFi) with ease. This guide is designed to help beginners navigate dYdX and its features, providing the…

Bitcoin’s NodeMonkes led the non-fungible token (NFT) market in daily sales with US$876,936 on Thursday. NodeMonkes rose 21% from the previous day’s sales total of US$725,058. It was the third best-selling collection on Wednesday. Thursday’s sales total pushes NodeMonkes’ all-time sales volume to US$215.16 million. It’s ranked as the top NFT collection in the Bitcoin network and is less than US$1 million away from overtaking CyberKongz for the 26th spot in the market, CryptoSlam data shows. CryptoPunks, an Ethereum collection, led the market for two straight days this week but fell out of the top 10 on Thursday with sales…

Bitcoin (BTC) is navigating the post-halving phase, facing resistance below the last all-time high. As the crypto continues to find its footing, a section of the market believes that Bitcoin is in line to embark on a post-halving rally, an element backed by several analysts. For instance, crypto trading expert TradingShot acknowledged in a TradingView post on April 22 that Bitcoin is at a critical juncture, struggling to surpass and sustainably close above its record-high resistance. According to the analyst, the pattern has been marked by a period of sideways consolidation, and while it might suggest bearish sentiments, history suggests…

Morpho Labs, a leading decentralized finance (DeFi) platform, has launched a revolutionary solution, Public Allocator. This new feature helps in liquidity management in the decentralized finance ecosystem by providing liquidity to borrowers at the right time by reallocation of assets across various markets. 1/ Today, we unveil the Public AllocatorA new feature that provides borrowers with just-in-time liquidity by reallocating liquidity between markets to increase the borrowable liquidity on a selected market. pic.twitter.com/Vg05uGcfhw — Morpho Labs 🦋 (@MorphoLabs) May 10, 2024 Morpho Labs’ Public Allocator to Streamline Liquidity Redistribution The Public Allocator is a distinct contract in the Morpho Labs…

Animoca Brands, a leading blockchain investment firm, has recently unveiled significant updates to its Mocaverse Non-fungible Token (NFT) collection. This development is aimed at enhancing the interoperability across various Decentralized Applications (DApps) and blockchain networks. The initiative is a response to the community’s numerous requests for Animoca to develop a dedicated chain for the expansive Animoca ecosystem. However, the firm maintains its chain and ecosystem-agnostic stance, which has been a fundamental principle since its inception. Over the years, Animoca Brands has made strategic investments in a myriad of organizations to bolster the Web3.0 ecosystem. The firm now plans to integrate…

Recent updates revealed that more than 8,000 Runes etch have been created on Bitcoin since the fourth Bitcoin halving. As per Chinese crypto researcher Colin Wu’s post on his Wu Blockchain page on X, 1.4 million Runes-related transactions have been reported since then. Since the halving on April 20, more than 8,000 Runes etch have been created on Bitcoin, resulting in more than 1.4 million Runes-related transactions. The Runes with the highest number of holders currently is RSIC•GENESIS•RUNE, with more than 21,000 addresses. The number of… — Wu Blockchain (@WuBlockchain) April 23, 2024 Wu stated that the Runes with the…