Author: NBTC

As the Bitcoin network approaches the next halving event, expected in just five days, the mood of the CEOs of the major public Bitcoin mining companies remains surprisingly optimistic, despite a year of underperformance compared to Bitcoin itself. This optimism is reported by analysts at Bernstein, who highlight the ongoing market share consolidation and new application opportunities that could redefine the mining landscape. Market dynamics and implications of halving for industry leaders A financial and technological perspective Economic perspectives and geopolitical impact and conclusions Market dynamics and implications of halving for industry leaders Bernstein analysts Gautam Chhugani and Mahika Sapra…

In a significant move, 25,000 ETH have been transferred from an unknown wallet to the popular trading platform Robinhood. This substantial move, valued at nearly $92.1 million, has sparked significant speculation and discussion among investors and analysts. The 25,000 ETH move was made in two transactions, indicating a purposeful and deliberate action. The wallet involved in the transfers was previously unknown, making it difficult to determine the funds’ origin or owner. Crypto data tracker Whale Alert has reported two transactions involving 12,500 ETH worth around $46 million each, which were moved from the same unknown wallet to Robinhood. 🚨 🚨…

While the Dogecoin price has been plummeting since the weekend, a mysterious DOGE whale has stocked up on a large amount of the biggest meme cryptocurrency. Two massive transactions have been spotted by popular blockchain tracker Whale Alert as hundreds of millions of DOGE have been shoveled from the exchange to an unknown wallet. 226 million DOGE scooped up by whale According to tweets recently published by Whale Alert, over the past 24 hours, an anonymous cryptocurrency whale removed two large crypto chunks from Robinhood. These transactions carried 150,000,000 and 76,316,694 DOGE, making it more than 226 million Dogecoin in…

The international arm of Hong Kong’s HashKey crypto exchange has added SOL to its basket of supported assets. International crypto exchange HashKey Global, launched by HashKey Group, is expanding its list of supported assets by adding Solana (SOL) in a bid to attract more customers around the globe. In the latest press release, the exchange said it will launch spot trading for the SOL/USDT pair on May 24 at 10:00 (UTC). The latest addition expands the list of supported assets on HashKey like Bitcoin (BTC), Ethereum (ETH), and Dogecoin (DOGE) among others. The trades are not available for users in…

Aura Network, an L1 providing open infrastructure with the use of modular technology stacks, has announced a new project. The platform is reportedly unveiling Aura EVM to increase the possibilities facilitating the developers in the Web3 sector as well as increase its adoption. On its official X account, the company disclosed insights into the project. 𝗜𝗻𝘁𝗿𝗼𝗱𝘂𝗰𝗶𝗻𝗴 𝗔𝘂𝗿𝗮 𝗘𝗩𝗠: 𝗘𝘅𝗽𝗮𝗻𝗱𝗶𝗻𝗴 𝗣𝗼𝘀𝘀𝗶𝗯𝗶𝗹𝗶𝘁𝗶𝗲𝘀 𝗳𝗼𝗿 𝗪𝗲𝗯𝟯 𝗗𝗲𝘃𝗲𝗹𝗼𝗽𝗲𝗿𝘀Since its inception, Aura has led the way in the permissioned CosmWasm app chain space, with a strong focus on NFT and mass adoption solutions. We’ve… pic.twitter.com/feZY33kXhE — Aura Network (@AuraNetworkHQ) May 23, 2024 Aura Network Releases Aura…

Xverse Wallet introduces a detailed guide on Bitcoin Runes, providing insights into efficient token management on the Bitcoin blockchain post-halving. According to a guide from Xverse Wallet, Runes are fungible tokens issued on Bitcoin (BTC) using the Runes protocol. Casey Rodarmor introduced Runes last year as a streamlined alternative to the BRC-20 standard. The protocol aims to avoid network congestion by preventing junk UTXOs. Supported robustly by the community, the first Rune token, RUNE, was issued immediately after the announcement, with further developments, including a significant grant and a new issuance tool. As the halving approaches, the anticipation surrounding the…

As the Securities and Exchange Commission (SEC) mulls applications for spot Ethereum ETFs—with analysts expecting approval as soon as this week—amended filings from several asset managers have dropped their language around staking. Staking refers to the process through which users delegate Ethereum tokens to the network in exchange for rewards. It became a core component of Ethereum’s security model with the network’s long-planned shift to a proof-of-stake consensus model in 2022. Fidelity dropped language regarding the staking of customer funds in its proposed ETF, submitting an amended filing on Tuesday. The measure mirrored a similar move made by Ark Invest/21…

According to Token Unlock, the platform that provides information on how restricted tokens are introduced into the crypto market, not less than 20 crypto projects will release tokens worth over $10 million in May. The platform’s data shows that the projects will cumulatively release up to $3.661 billion into the crypto market in May. According to TokenUnlocks, the large-amount unlocks in May (unlocked amount greater than $10m) include DYDX ENA SUI MEME GAL MAVIA APT STRK AEVO ARB APE IMX ROSE PIXEL PYTH AVAX ID YGG OP PRIME, etc., with an unlock value of over 3.661 billion US dollars. Among…

In a move set to revolutionize user earnings, Binance has unveiled significant updates to its Web3 Wallet, including the introduction of two new features: Simple Yield and Yield Plus. These additions aim to enhance the earning potential for users within the Binance app by streamlining and optimizing the process. The revamped Earn section of the Binance Web3 Wallet now boasts an array of user-centric improvements and robust features. The Simple Yield feature simplifies earning yields on digital assets, making the process accessible and straightforward. Users can begin generating passive income quickly and easily through protocols like Venus and Aave, without…

Crust Network, a prominent platform that offers decentralized storage for Web3 users, has recently announced an exclusive integration. As per the company, it is integrating with BASE (an Ethereum-based layer 2 chain offering cost-efficient, secure, and developer-friendly on-chain development) to provide matchless decentralized storage. The platform revealed this development on the social media platform X. 🌟Exciting news! Crust Network is now integrated with @base, bringing seamless decentralized storage to the ecosystem. With Crust Files and Crust Cloud supporting #BASE, developers and users can enjoy a secure, efficient storage experience. ⬇️Log in with your BASE wallet and… pic.twitter.com/QX9zw67Ync — Crust Network…