Author: NBTC
The Ethereum network has recently experienced a significant decrease in the amount of ETH burned daily, reaching its lowest level this year. This trend was primarily driven by the recent decline in average gas fees. Ethereum’s Low Gas Fees Push ETH Burn Rate to Lowest Level in Year Currently, gas fees hover between 5 and 10 gwei, marking one of the lowest levels ever seen. This decrease in network fees directly affected ETH issuance and resulted in less ETH being burned. On Sunday, the amount of ETH burned was only 610 ETH, marking a record low for this year as…
General Updates Neo witnessed the launch of new memecoins with liquidity pools for the tokens added to Forthewin Network. Three new coins were listed on the non-custodial exchange, including Ape Coin and Schrute Bucks, released by pseudonymous founders, and The Hongfei, launched by Forthewin Network’s founder Ed. Ape Coin and Schrute Bucks tokens are paired against GAS, and The Hongfei token is paired against GAS and bNEO. At the time of press, more than 5,700 GAS in liquidity exists between the three new pools. Frank Coin hosted a livestream to showcase the Pixudi and World of Elements games, and distributed…
Artificial intelligence (AI) chatbots have become popular tools for everyday use in various tasks, from hobbyists to professionals. For this report, Finbold once again exclusively talked to the creator of a pay-per-use AI platform that accepts cryptocurrency payments. In particular, we explored PayPerQ, or PPQ.AI, created by Matt Ahlborg, who answered a few questions about his endeavor. Essentially, the tool takes Bitcoin (BTC) payments through the Lightning Network to access paid APIs of ChatGPT-4, Claude 3 Opus, Dall-E 3, and others. “I want PPQ to be a way for normal people to start getting away from annoying subscriptions!” – Matt…
Former U.S. president Donald Trump’s $454 million bond just got reduced to $175 million in an appeal. But the most prominent of the many meme coins using his likeness appeal to be cooling off following the news. As markets opened in New York, an Ethereum-based MAGA meme coin—one of many to use the TRUMP ticker—started to lose steam. Early Monday morning, it traded as low as $4.95 and saw a 5.5% drop in an hour. But at the time of writing, it’s trading for $5.09 and is down 11% after setting a 24-hour high of $5.74 overnight according to CoinGecko…
The fourth halving occurred successfully in the leading cryptocurrency Bitcoin over the weekend. While mostly short-term expectations and targets continue to be shared for BTC after the halving, Bitwise CIO Matt Hougan announced his long-term expectations. Matt Hougan made five predictions for Bitcoin ahead of its next halving, which is expected to occur in April 2028. In a recent note to clients, Bitwise CIO explained that he expects lower volatility ahead of the 2028 halving and in the coming years, increased portfolio allocations and higher spot ETF flows for BTC, central bank support, and a price above $250,000. “Spot BTC…
Ethereum (ETH) presently attempts to stay above the crucial technical and psychological support of $3,000. This will more than likely be possible only when the ETH holders opt to pull away from selling and HODL, which happens to be the case. Ethereum Investors Move to HODL Ethereum’s price trading at $3,177 is hovering above the $3,000 support floor, with ETH holders now exhibiting more bullishness than before. Signs of this resilience are visible in the supply shift and behavior change. The deposits observed on-chain have noted a drawdown of 27% in the past week, which is a positive signal. Active…
At the NVIDIA GTC 2024 conference, a premier event for AI hardware innovation, the spotlight was on the future of AI, Blockchain and Open Web innovation. Among the speakers was Illia Polosukhin, co-founder of NEAR Protocol (NEAR), who shared her views on the evolution of artificial intelligence models and the important roles of Blockchain and token economies. Polosukhin was the only Blockchain industry founder to speak at the NVIDIA event. The “Transforming AI” panel, hosted by NVIDIA CEO and co-founder Jensen Huang, featured all but one of the co-authors of the groundbreaking 2017 research paper “Attention is All You Need.”…
The creator of the popular ‘Bitcoin Power Law’ has unveiled a chart detailing his price model’s exact BTC price targets for the next several market cycles. The model predicts that Bitcoin will reach $218,875 at its cycle peak in November 2025, before descending to $96,677 at its bottom in December 2026. What Is The Bitcoin Power Law? The Bitcoin Power Law is a long-term price model that forecasts Bitcoin’s future market value as if it were bound by the laws of physics. The man behind the model – Giovanni Santostasi – is a former physics professor, who believes Bitcoin’s long-term…
Hong Kong’s newly launched spot crypto ETFs might help us predict what ether ETF demand could look like in the US. Or not. Either way, the new funds offer a jumping-off point, so to speak, for considering the current differing investor appetites for ETH and BTC and how that could evolve. The Securities and Exchange Commission approving spot bitcoin ETFs in January offered exhilaration during a month often marred by the holiday hangover. Many wondered what the demand for these long-awaited products would amount to out of the gate, and long-term. Another common question after the industry’s regulatory victory: When…
Explore the latest updates on Filecoin (FIL), showcasing significant growth and ecosystem developments. Understand the impact of recent technological advancements on FIL’s market performance. “Filecoin’s storage capacity exceeds 15 EiB, indicating its potential for further adoption and price increase.” This article delves into Filecoin’s recent price surge, technological updates, and its implications for the future of digital storage on the blockchain. Price and Market Value Insights As of March 26, 2024, FIL’s price stands at $9.708, marking a 5.23% increase over the last 24 hours and a 12.45% rise over the past week. With a current market capitalization of $3.64…