Author: NBTC
NBTC
NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.
As per the latest data, Bitcoin has seen a six-month high spot in terms of trading. As per IntoTheBlock, the spiking Bitcoin trading has resulted from a spike in the number of $BTC-holding addresses. The blockchain analytics firm disclosed this development on social media. Bitcoin traders hit a 6-month high, according to @intotheblock Addresses holding $BTC for less than 30 days show accumulation, mirroring past bull markets in 2017 and 2020/21. Open interest in derivatives is also up, with a surge in long positions as U.S. elections near. pic.twitter.com/GwHXGQXgu2 — Satoshi Club (@esatoshiclub) November 1, 2024 Bitcoin Sees a Six-Month…
Bitcoin mining difficulty hits over 100T for the first time. The seven-day moving average hashrate reached a peak of 755 EH/s. The higher difficulty puts more pressure on small miners than larger ones. Bitcoin’s (BTC) mining difficulty hit an all-time high of 101.65 trillion (T) Monday, adding to pressure on smaller miners, who may not have as much cash available as their publicly traded rivals to keep their rigs going. Mining difficulty measures how hard it is to discover new blocks on the Bitcoin blockchain. The network automatically adjusts every 2,016 blocks, or roughly every two weeks. This year, difficulty…
Global blockchain interest has plummeted by 58% in three years, with industry attention increasingly shifting toward AI advancements. According to data from Google Trends, blockchain interest has settled at 30, down from 71 on November 3, 2021, while AI interest has surged by more than 560% over the same period. Nigeria leads blockchain web search levels According to Google Trends, the term ‘blockchain’ was searched the most from February 14 to February 20, 2021, with a 100 score in the last 5 years. However, since then its interest levels have dropped starkly. On November 3, 2021, blockchain interest slumped to…
In the latest market update, $CKB has emerged as the top crypto gainer, showing a remarkable increase of 28.2%, according to data from Phoenix. This substantial rise places $CKB at the forefront of today market performers, reflecting strong investor interest and positive trading activity. However, $CKB is not the lone performer today. Many coins are performing well today after BTC crossed the $60 mark. DAILY GAINERS$CKB +28.2% $MNW +24.5% $TEL +23.1% $SNS +19.2% $TRU +16.5% $AERO +15.4% $LIKE +15.2% $PROPS +15.1% $SAGA +13.8% $ROSE +13.6%#dailygainers pic.twitter.com/GM3asKqIu3 — PHOENIX – Crypto News & Analytics (@pnxgrp) September 14, 2024 $MNW Soars 24.5%,…
Blockchain infrastructure has evolved to encompass an ecosystem of layer-1 and layer-2 networks. In this article we’ll explore the difference between the two, and how layer-2 networks and other scaling methods like sidechains attempt to address the scalability challenges of layer-1 blockchains. What are layer-2 networks? Simply put, layer-2 networks are blockchain networks that live atop a layer-1 network such as Ethereum, with the layer-1 network providing the base layer of infrastructure and security for networks building on it, validating transactions and achieving consensus. The layer-2 networks use a variety of technologies to address scalability bottlenecks on the layer-1 blockchain,…
Really, at this point, Coinbase is just embarrassing itself by not buying Bitcoin and doing silly buybacks. Coinbase just had a bad quarter. After reporting disappointing Q3 earnings, its stock plunged over 10%. To instill confidence, Coinbase announced a $1 billion share buyback. But that flopped, too, with shares barely budging. This whole debacle just shows that Coinbase is foolishly ignoring the obvious strategy here — buying bitcoin. Instead of share buybacks, imagine if Coinbase put $1 billion into bitcoin for its corporate reserves. That would have sent a real message. It would show they have skin in the game…
Over the past week, the crypto market has seen a surge in interest in emerging altcoins, with DOGS (DOGS), ZKSync (ZK), and Starlink (STRK) leading the charge. According to the data, CryptoRank has highlighted some remarkable shifts in investor focus. Altcoins performed well as $BTC price remained stable throughout the week and spot ETFs recorded inflows on 4 out of 5 trading days. TOP COIN SEARCHES IN THE LAST 7D ON #CRYPTORANK$DOGS $ZK $STRK $IO $ZRO $TIA $MANTA $ENA $W $NEIRO pic.twitter.com/tDPfrMM44f — PHOENIX – Crypto News & Analytics (@pnxgrp) September 14, 2024 Top Altcoins: DOGS, ZKSync, and Starlink Lead…
Tether CEO Paolo Ardoino shut down rumors of a Tether blockchain, declaring, “Tether is not planning to build an official blockchain at this time.” Instead, Tether backs the integration of its stablecoin, USDT, on various networks to support decentralized use cases, like gas fees, on independent Layer 2 (L2) solutions. Tether’s stance on neutrality guides this decision, with its motto, “Unstoppable TogETHER,” signaling a preference for working with other projects instead of consolidating control. The rumor mill around a potential Tether chain is fed by the company’s dominance and ongoing attention from regulators. But Ardoino added that: “Any product /…
Bitcoin could skyrocket to record highs if Trump wins the election, driven by pro-crypto policies, deregulation, and surging investor demand, predicts Devere Group’s CEO. A Historic Bitcoin Rise in Sight Nigel Green, CEO of financial advisory giant Devere Group, believes bitcoin could hit unprecedented highs if former U.S. President Donald Trump wins the upcoming U.S. presidential election. Green stated on Tuesday: A Trump victory could be the catalyst that pushes the world’s first and largest cryptocurrency into uncharted territory as his return to office would likely have a renewed emphasis on deregulation, tax incentives, and economic policies favourable to alternative…
High-supply cryptocurrencies like $LADYS, $SHIB, and $PEPE are gaining attention due to their broad availability and strong community support. $LADYS and $PEPE combine meme culture with advanced blockchain technology, attracting widespread engagement despite market volatility and meme status risks. $SHIB’s decentralized ecosystem, including ShibaSwap, leverages community governance, impacting its value and positioning in the high-supply crypto market. In crypto investments, circulating supply significantly influences market dynamics and can guide investment decisions. Cryptocurrencies with high circulating supplies often attract attention due to their broad availability. While some traders prefer low-supply assets, this article focuses on top cryptocurrencies with high circulating supplies,…