Author: NBTC
A recent study focusing on the search term “bitcoin” through Google Trends data revealed that curiosity remained subdued even as the price soared above the $50K mark. Yet, anticipation for the forthcoming reward halving has hit a 90-day peak. Slated for April 2024, this significant occasion will slash the pace at which new bitcoins are generated by 50%, sparking widespread interest in the topic. From Benin to Switzerland: The World Turns Its Eyes to Bitcoin Halving The excitement surrounding the anticipated subsidy reduction, known as bitcoin halving, reached its zenith with a perfect score of 100 on Google Trends in…
Despite a 38% fall in weekly crypto trading volume across all decentralized exchanges (DEXes) on smart contract platforms, Solana’s DEXes maintained their ground, losing only 8.6%, according to data from DefiLlama. Meanwhile, Optimism endured a loss in total trading volume exceeding 60%, the largest among the top 10 chains by total value locked (TVL). Polygon and Arbitrum also saw drastic losses in volume, both around 50%. Saber and Raydium were the DEXes behind Solana’s relatively small loss, with 45% and 32% growth in trading volume, respectively. Moreover, Solana is closing in on Ethereum’s lead in decentralized exchanges dominance, as seen…
The sale of a debut collection of “Quantum Cats” Bitcoin inscriptions by Ordinals project Taproot Wizards was marred by technical issues on Monday. The planned sale of around 3,000 digital cats, designed to honor a Bitcoin improvement proposal known as OP_CAT, commenced with a two-hour “whitelist” window at 17:00 UTC Monday, but this had to be postponed until Tuesday due to the issues encountered. “There’s been an incredible demand for the cats today, and our servers simply couldn’t handle the amount of people who were trying to mint,” Taproot Wizards posted on X, adding that 30% of the cats had…
Ethereum has shed a significant part of its supply since the London upgrade, applied in August 2021. According to ultrasound.money, a portal that records several statistics associated with the ETH burn, over 4 million ether (3.2%) have been removed from the network since the adoption of EIP-1559, which changed how fees are calculated. EIP-1559 Burns Over 3% of Its Ether Supply Ethereum has reduced its supply significantly since the London upgrade, which was applied to the network in August 2021. The implementation of Ethereum Improvement Proposal 1559 (EIP-1559), a proposal that changed how fees are calculated and introduced a burn…
Blockchain appears to be losing momentum as more and more institutional traders lose their belief in the technology, a recent survey by JPMorgan shows. According to a recent survey conducted by JPMorgan among more than 4,000 institutional traders, an alarming shift in confidence can be noticed, as only 7% of respondents retain confidence in blockchain technology as a prospective asset over the next three years. The figure marks a 72% significant decrease from 2022 when 25% of respondents viewed blockchain as a promising technology. Despite this decline, blockchain technology still holds the third position in terms of prospects, following API…
In a bold move, Ohio, South Carolina, and Mississippi have emerged as frontrunners in safeguarding citizens’ rights to leverage Bitcoin (BTC). These U.S. states have introduced bills aimed at fortifying fundamental liberties associated with digital currency. This comes as analysts suggested a bullish outlook for the Bitcoin price after a rally beyond $52,000. What Will The Bitcoin Rights Bill Change? According to the CEO and founder of Satoshi Act Fund, Dennis Porter, the move was initiated by Rep. Demetriou of Ohio, Senator Verdin of South Carolina, and Rep. Steverson from Mississippi. In addition, he noted that this legislative initiative champions…
Decentralized exchange protocol 0x recently unveiled its latest offering in the decentralized finance (DeFi) space: the Tx Relay API. This tool is designed to provide gasless swaps and approvals, thus streamlining the trading experience for developers and users alike. Coinbase Wallet, a beta partner of 0x, reported that 69% of Ethereum swaps failed due to insufficient gas. The Tx Relay API addresses this issue by covering gas fees upfront and combining token approvals into the transaction. By using Tx Relay API, Matcha, 0x’s DEX aggregator, reduced failed trades by 85% compared to competitors and confirmed transactions on-chain one block faster…
Billionaire biohacker Bryan Johnson says crypto and longevity are “best friends”—and is cementing the sentiment by sponsoring an NFT airdrop. Johnson’s Blueprint project has created a collection of NFTs on the Solana blockchain in collaboration with DRiP and digital artist Degen Poet, with the Blueprint collection issued Monday as a free airdrop for DRiP holders. “We are long best friends and have so much to do together,” Johnson wrote on Twitter. [Degen Poet] has warmly welcomed me and our Don’t Die community, creating a unique collection of typewriter art.” Crypto x Longevity We are long best friends and have so…
Ethereum price is struggling to clear the $2,550 resistance. ETH could start a downside correction if there is a move below the $2,475 support. Ethereum is consolidating gains below the $2,550 resistance zone. The price is trading above $2,480 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $2,515 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a fresh increase if it stays above the $2,475 support zone. Ethereum Price Remains Supported Ethereum price saw a steady increase after it broke the $2,420 resistance.…
A new big whale, known by the short address 0xf22, has made a significant entry into the cryptocurrency market. The whale withdrew 174,418 WLD from Binance, equivalent to $779,923, at a price of $4,472 per token. In addition, along with other transactions made during the day, the fresh whale accumulated a total of 448,675 WLD from Binance, worth approximately $2.02 million, at an average price of $4,503. This is notable as the first time the whale in question has accumulated a token. As of now, whale 0xf22 continues to hold all the WLD tokens he purchased. This activity coincides with…