Author: NBTC
Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from dollars to cents or even fractions of a cent. Ethereum Dencun Upgrade And Cost Savings Considered the most significant change in Ethereum’s end-user experience, the Dencun upgrade is expected to foster the development of new applications and services by significantly reducing expenses. As NewsBTC reported…
MicroStrategy, the Virginia-based enterprise software company, has eclipsed e-commerce giant Amazon in trading volume. According to Bloomberg senior ETF analyst Eric Balchunas, MicroStrategy’s trading volume soared to $8 billion, outpacing Amazon for the first time in its history. This surge is attributed to the broader enthusiasm in the equitized Bitcoin complex, which now sees over $20 billion in daily trading volume. MicroStrategy’s latest offering Earlier today, MicroStrategy announced the pricing of its offering of $525 million in 0.875% convertible senior notes due 2031, an increase from the initially planned $500 million. This strategic financial maneuver is part of the company’s…
Justin Sun, founder of the Tron blockchain and owner of major cryptocurrency exchanges Poloniex and Huobi, has taken to the X social media platform to engage with the Tron community regarding innovations that may potentially be added for use with TRX and HTX cryptocurrencies. He hinted that in the future one or several innovative solutions that are gaining popularity right now may be integrated for the tokens he represents. “What’s next for TRX and HTX?” Justin Sun engaged in a discussion with his followers, among whom are many long-term TRX and HTX users and holders, as to whether the future…
February 2024 proved to be another successful month for Robinhood Markets, Inc. (NASDAQ: HOOD), as the company reported growth in key areas such as funded customers, assets under custody (AUC), and trading volumes. Cryptocurrency volumes increased by 86% compared to last year, and the amount of deposited funds grew by 60%. According to the report, Robinhood’s funded customers reached 23.6 million at the end of February, representing an increase of approximately 130,000 from January 2024. The platform’s AUC also saw significant growth, reaching $118.7 billion, a 16% increase from the previous month and 59% from the previous year, when AUC…
Trading volumes for the US spot bitcoin ETFs reached a new daily high just hours after BTC hit a record price of about $69,000. The 10-fund segment’s volumes totaled roughly $9.5 billion on Tuesday, according to Yahoo Finance data — eclipsing the previous record of about $7.6 billion set on Feb. 28. BlackRock’s iShares Bitcoin Trust (IBIT) led the way on volumes once again, with $3.7 billion worth of the fund’s shares trading on the day. Read more: Is it too soon to name BlackRock the bitcoin ETF segment winner? Volumes for the Grayscale Bitcoin Trust ETF (GBTC) and the…
ITEM Systems has announced plans to install a new non-fungible item bronze plaque at a mural located in Santos, Brazil. The associated mural was installed to celebrate the 150th anniversary of the first wave of Italian immigrants to the region, many of whom came from Genoa, Italy. Similar to those installed at DENVER WALLS, the NFI plaque will offer tap-and-scan functionality for mural visitors to learn more about the artwork, its artists, and the piece’s cultural significance to the region. Entitled A Sea of Hope, the mural is part of local municipal efforts to revitalize the Valongo neighborhood in the…
Experts say that Bitcoin’s massive price surge—interrupted, for the moment, by a deep dip—has paved a safe path forward for Bitcoin mining companies post-halving. Back in January, Cantor Fitzgerald estimated the average “all-in” cost to mine one coin for several publicly traded Bitcoin mining firms after the halving in April, which will cut miner revenues in half in BTC terms. Bitcoin traded for $40,000 at the time, leaving just two of 13 firms in the profit zone. At today’s price of $67,000, however, every firm analyzed—including Marathon Digital (MARA), Riot Platforms (RIOT), and Iris Energy (IREN)—would be firmly in the…
Ethereum price is struggling above the $4,000 zone. ETH is slowly moving lower and there is a risk of a downside thrust toward the $3,850 support. Ethereum traded to a new multi-month high above $4,080 before correcting lower. The price is trading below $4,000 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,965 on the hourly chart of ETH/USD (data feed via Kraken). The pair could resume its increase if it clears the $4,025 resistance zone. Ethereum Price Holds Support Ethereum price extended its increase above the $4,050 level, like Bitcoin.…
Crafting a compelling pitch for a crypto project is essential in capturing the attention of venture capitalists (VCs), who sift through hundreds of proposals weekly. Still, invaluable insights can be learned into what VCs look for in crypto startups. These include outlining a blueprint for entrepreneurs to refine their approach, focusing on timing, clarity, market understanding, team composition, and community engagement. Building the Perfect Pitch Danilo Carlucci, Founder and CEO of Morningstar Ventures, told BeInCrypto that timing is critical. Startups should engage VCs only when they have a Proof of Concept (PoC) that demonstrates their product’s or service’s feasibility and…
Pepe Coin has captured the spotlight in the cryptocurrency market with a staggering 70% surge in PEPE price, marking it as one of the top-performing assets on March 4. Meanwhile, this remarkable rally comes amidst a broader positive sentiment in the crypto market, particularly within the meme coin sector, fueled further by Binance’s latest announcement. The exchange’s decision to extend support for Pepe Coin through new trading pairs has ignited investor enthusiasm and propelled the coin to new heights. Binance Listing Sparks Pepe Coin Frenzy The recent surge in Pepe Coin’s price can be largely attributed to Binance’s announcement of…