Author: NBTC
After a short period of diminished onchain network fees, the expense of sending bitcoin has begun climbing once more, hitting a midweek average of 73.3 satoshis per virtual byte (sats/vB) or $11.48 for each transaction. Currently, a backlog of 207 mempool blocks is pending, waiting to process about 134,000 unconfirmed transactions, a situation that has persisted since Nov. 3, 2023. Bitcoin’s Onchain Fees Begin to Rise Again From Feb. 18 to Feb. 25, 2024, the cost for an average onchain transaction on the Bitcoin network was below the $5 threshold, and during this period, the cost for a median-sized transaction…
Backed, a real-world asset tokenization platform, has unveiled a new range of services for tokenization at institutional levels, according to the information shared with Finbold on March 22. The new tokenization platform is designed to empower financial institutions to issue tokenized assets securely and efficiently. Compliance and trust in tokenization Adam Levi, co-founder of Backed, emphasized the importance of compliance and reliability alongside the usual technological innovation in tokenization solutions, stating: “The problem with current tokenization solutions is they are all focused on tech, when in reality, compliance and trust are just as important. We already have tokenized products on…
Billy Markus famous within the crypto community as a co-founder of the largest meme cryptocurrency Dogecoin is a frequent user of social media platforms, especially Twitter/X, usually tweeting in a sarcastic manner or merely publishing memes. Today, he touched on the subject of crypto trading and how profitable this can be. In his earlier tweets, Markus has already many times expressed what he thinks of crypto trading and long-term cryptocurrency investments. Trolling crypto traders on Twitter/X Today, one of the tweets published by Billy Markus features a picture with two monitors and a caption, stating: “My friend was losing money…
The Bitcoin halving could significantly remodel the global cryptocurrency mining landscape. Bloomberg reports that US miners are preparing to decommission and export thousands of older mining rigs. Ethiopia is rapidly becoming a sought-after destination for miners seeking lower electricity costs. Discover how the upcoming Bitcoin halving is fueling a strategic exodus of US-based miners, why Ethiopia is rising as a crypto mining powerhouse, and what this means for the future of Bitcoin. The Bitcoin Halving: Catalyst for Change The Bitcoin halving in 2024 will slash miner block rewards by 50%, impacting profitability. This built-in scarcity mechanism underpins Bitcoin’s value proposition.…
After integrating with Quickswap, Layer 3 blockchain Orbs has announced that their Liquidity Hub has extended to include Polygon zkEVM. With this change, traders using Quickswap will have access to liquidity obtained via Polygon zkEVM.Onchain traders will benefit from deeper liquidity thanks to the integration of Orbs Liquidity Hub with Quickswap, which will enable them to complete swaps with less slippage. In addition, the Liquidity Hub will provide a simplified user interface, protection against Maximal Extractable Value (MEV), decreased transaction costs, and gas-free transaction executions for Polygon zkEVM users.The Liquidity Hub gives DEXs access to CEX-level liquidity by providing a…
Around 88 days ago, on Dec. 4, 2023, a mysterious mega whale, closely watched by onchain analysts at Bitcoin.com News, made waves again by transferring 2,000 ancient bitcoins from 2010 that was confirmed in a single block. Since March 2020, this entity has relocated a whopping 16,000 bitcoins that had been dormant since the day they were mined. $123M Worth of Vintage Bitcoins Transferred by Mysterious Mega Whale From 2010 On March 1, 2024, the notorious mega whale, initially detected on March 11, 2020, executed transfers of 2,000 BTC from 2010 through approximately 40 separate transactions. Each transaction involved a…
In 2020, Akon, the bestselling Grammy-nominated musician, made a bold and ultimately absurd claim that he was going to build a Wakanda-style city in Senegal. The mockups were glorious: slim, shiny, curved skyscrapers, new museums, and forested boulevards, all in the heart of a country where 36% of people live below the poverty line. Part of the scheme relied on ‘Akoin’ – a cryptocurrency created in 2018 and boasting the slogan “One Africa. One Koin.” The crypto, along with the city, was intended to unite Africa behind a greater vision and an accessible, digitized economy. However, these dreams of a…
In a recent exchange on social media, Justin Bons, a prominent figure in the cryptocurrency industry, addressed criticisms of the Solana blockchain, urging a more nuanced understanding of the platform’s evolution. Bons acknowledged historical critiques of Solana (SOL) but emphasized the need to recognize the platform’s advancements and current capabilities. He encouraged critics to update their perspectives, noting that Solana has undergone significant development since its inception in 2020 and what may be called a renaissance in 2023. Responding to concerns raised by another participant in the discussion, Bons clarified that he does not advocate ignoring Solana’s flaws. Instead, he…
Peter Schiff, a notable critic of cryptocurrencies, has called out CNBC for its intense focus on Bitcoin and the newly launched Bitcoin ETFs, at the expense of covering significant movements in the gold market. According to Schiff, CNBC’s coverage overlooked a noteworthy $43 increase in gold prices and the record-high price of the gold ETF, GLD. This, Schiff argues, is indicative of a broader issue within mainstream financial reporting. Gold’s recent rally Gold prices surged to a two-month high, climbing nearly 1.5% as U.S. factory data underwhelmed and consumer sentiment dipped, fuelling speculation of impending interest rate cuts by the…
Award-winning musician Akon recently pleaded with his fans on a video-sharing website not to request him to record crypto-related messages. However, in a post on the website, the music producer did not share reasons for his newfound disinterest in cryptocurrencies. Singer Unwilling to Endorse Crypto A few years after promoting the futuristic, Wakanda-style city in Senegal, award-winning musician Akon recently pleaded with his fans not to request him to record crypto-related messages. In the plea, shared via Cameo — a platform where celebrities share personalized videos for a fee — the singer did not offer reasons for his apparent disinterest…