Author: NBTC

Yesterday, on the CNBC website, an article was published in which the hypothesis is ventured that the price of Bitcoin could reach six figures regardless of who wins the US presidential elections in November. The hypothesis indeed imagines that after the U.S. presidential elections, a new bullrun could start, capable of bringing the price of Bitcoin above $100,000. The article from CNBC: Bitcoin price skyrockets thanks to the USA elections The bullish hypothesis on the price of Bitcoin Other confirmations The exaggerated fears The post-elections The article from CNBC: Bitcoin price skyrockets thanks to the USA elections The article, published…

Ethereum Co-Founder Vitalik Buterin Unveils Future Vision at 10th Global Blockchain Summit. Ethereum Co-Founder Vitalik Buterin Unveils Future Vision at 10th Global Blockchain Summit October 17, 2024 – Shanghai, China — The highly anticipated 10th Global Blockchain Summit, hosted by Wanxiang Blockchain Labs, kicks off with a keynote address from Ethereum co-founder Vitalik Buterin. Reflecting on Ethereum’s evolution since its inception, Buterin shared insights into the platform’s progress and laid out an ambitious roadmap for its future. One of the key takeaways from his speech was Ethereum’s goal to exceed 100,000 transactions per second (TPS) using Layer 2 (L2) technology…

Celo recently overtook Tron in the number of active addresses used by stablecoins, according to Artemis data. The surge in activity is attributed to the growing popularity of apps like MiniPay and Valora, which have gained significant traction in Africa. Vitalik BUTERIN, co-founder of Ethereum, celebrated the milestone by emphasizing that improving global access to payments and financial services aligns with Ethereum’s broader mission to make the world a better place. Celo’s growing presence also aligns with its intention to become an Ethereum Layer 2 (L2) blockchain, as detailed in a recent whitepaper. Artemis also reported that the Celo network…

The difficulty of mining Bitcoin (BTC) has surged to unprecedented levels, intensifying competition among publicly listed cryptocurrency miners from Wall Street and putting pressure on their profit margins. Despite the “miners go BRRR” (reference to a popular money-printing meme) at full speed, it’s insufficient to keep up with the increase in network complexity. According to data from crypto-mining tracker CoinWarz, mining difficulty increased by 3.5% on Wednesday, reaching a new record high. This metric, which reflects the computational power required to mine new Bitcoin, has been steadily climbing and is often seen as an indicator of future price movements. The…

Four significant benchmarks that Ethereum hopes to hit in the upcoming years were outlined by Vitalik Buterin in his Shanghai speech. Ethereum’s future and its position as the top smart contract platform are expected to be shaped by these significant achievements. More scalable network The first objective is over 100,000 transactions per second via layer-2 solutions. By handling a great number of transactions, this would greatly improve Ethereum’s scalability and make it much more effective for decentralized applications (dApps). To do this, L2 technologies like rollups are essential, and as they continue to advance, Ethereum may reach a new level…

Theta Labs has launched EdgeCloud for Mobile, allowing users to contribute their smartphones’ GPU power as nodes in its decentralized network and earn TFUEL tokens. According to a press release shared with crypto.news, EdgeCloud for Mobile aims to harness the computing resources of the roughly 3.9 billion active Android devices worldwide to bolster its decentralized cloud computing network. Theta EdgeCloud is a DePIN-powered hybrid cloud-edge computing platform that utilizes over 30,000 distributed nodes to offer scalable, cost-effective GPU computing resources. With smartphones becoming increasingly powerful and capable of handling complex computations, the platform aims to capitalize on these capabilities. According…

Bitcoin mining executives from top firms gathered at the HC Wainwright Bitcoin Mining Panel on Sept. 10 to discuss industry trends, challenges, and the future of Bitcoin. The panel, moderated by Anthony Scaramucci of SkyBridge Capital, featured CEOs from prominent mining companies, including Bit Digital, Bitfarms, CleanSpark, Core Scientific, and Marathon Digital Holdings. The executives shared insights on various aspects of the Bitcoin mining industry, from energy consumption to market forces and long-term outlook. Fred Thiel, CEO of Marathon Digital Holdings, emphasized the critical role of Bitcoin miners in balancing energy grids. “Bitcoin mining is one of the few loads,…

Reactions continue to emerge following Ethereum co-founder Vitalik Buterin’s latest proposal in “The Scourge,” addressing Ethereum’s future. Ethereum (ETH) co-founder Vitalik Buterin recently unveiled the final part of his vision for Ethereum’s future, known as “The Scourge.” Possible futures of the Ethereum protocol, part 3: The Scourgehttps://t.co/mtzH1ZxTak(I tried my best to be fair to all sides of the debates here!) — vitalik.eth (@VitalikButerin) October 20, 2024 This proposal targets two main issues: the rising centralization in Ethereum’s block construction and the increasing dominance of liquid staking providers. Buterin’s plan includes introducing a two-tier staking system, capping penalties for stakers at…

Renewed bias for leverage points to increased investor risk appetite. High-leverage liquidity in bitcoin is concentrated at around $58,500. Increased leverage indicates traders taking on more risk and a possible jump in price volatility. Leverage in the bitcoin (BTC) market is growing again, a sign traders are looking to take on more risk, potentially injecting volatility into the market. The so-called estimated leverage ratio, which divides global futures open interest by the number of coins held on exchanges, has jumped to 0.2060, the highest since October 2023, according to data tracked by analytics firm CryptoQuant. The increase follows a months-long…

As the countdown to Hamster Kombat’s HMSTR token listing ticks closer, anticipation builds within the crypto community. Set for a prominent debut on major crypto exchanges like Binance and OKX tomorrow, speculations swirl regarding the HMSTR token’s initial trading price. Airdrop analyst Gautam Gupta forecasts a potential dip in HMSTR prices post-listing. This is because airdrop hunters are always poised to cash out after the token listing. What Will be Hamster Kombat’s HMSTR Token’s Price? Gupta compares Hamster Kombat listing with Notcoin, one of the first tap-to-earn projects. Notcoin released 80% of its supply during the airdrop, achieving a fully…