Author: NBTC

Ripple and Archax expanded their partnership to bring tokenized real-world assets. The XRP Ledger is a reliable and efficient platform, supporting over 5 million wallets and 120 validators. Ripple and Archax have taken a significant step forward in their partnership by announcing an expanded collaboration aimed at bringing tokenized real-world assets (RWAs) to the XRP Ledger (XRPL). According to the announcement, this development is significant for both companies and is expected to transform the XRP Ledger community and allow the tokenization of financial assets, improve decentralized finance (DeFi) solutions, and provide access to a wider array of assets. The partnership…

Canaccord initiated coverage of Core Scientific with a buy rating. The bitcoin miner is on the cusp of becoming a major player in AI hosting, the report said. The broker noted that Core Scientific has potential upside from its mining business. Core Scientific (CORZ) is on the cusp of becoming a major force in artificial intelligence (AI) hosting, broker Canaccord said in a Monday report initiating coverage of the bitcoin (BTC) miner. Canaccord started coverage of the crypto mining company with a buy rating and a $16 price target. The shares were 1.4% higher at $12.15 in early trading. A…

Investors should carefully consider their positions in Bitcoin (BTC) and Bitcoin mining stocks, expecting high volatility ahead of the highly anticipated Federal Open Market Committee (FOMC) decision on Wednesday, according to 10X Research founder Markus Thielen. “Without macroeconomic support, Bitcoin is likely to remain in its challenging trading range,” he wrote in a new report. The cryptocurrency has shown signs of resilience, with a brief spike to $70,000 on Monday. But now BTC needs the Fed to adopt a dovish stance if it’s going to build on that momentum, said Thielen. The market is currently pricing in more aggressive rate…

Aptos, an L1 PoS blockchain, recently announced a new achievement, breaking the previous record for the highest number of transactions per second. Aptos’ new record-breaking TPS level signifies the platform’s ongoing commitment to improving blockchain scalability and efficiency, setting exceptional standards in the market. The blockchain claims to have achieved 4,070 transactions per second. The platform posted this achievement on its official social media account. This move is a testament to the resilience of Aptos’ infrastructure. With this, the Aptos ecosystem has reportedly been able to support large-scale events without any compromise in efficiency or speed. Increasing TPS is crucial…

Bitcoin mining firms Riot Platforms and Bitfarms have reached a settlement agreement, ending Riot’s acquisition bid for the crypto mining company, according to a Sept. 23 statement. As a result, Riot Platforms has withdrawn its request for a special shareholder meeting of Bitfarms. The agreement, signed on September 23, 2024, maintains Riot’s 19.9% ownership stake in Bitfarms, consisting of 90,110,912 common shares. Moreover, as part of the deal, Andrés Finkielsztain has resigned from Bitfarms’ Board of Directors, while Amy Freedman has been appointed to the board and several committees. Amy has 25 years of experience in corporate governance and public…

Industry experts expressed optimism about the sector and the leading cryptocurrency’s price performance post-halving in comments to crypto.news today, July 31. Bitcoin mining has been in the spotlight since the latest Bitcoin halving in April. The post-halving scenario typically marks a period of struggle for miners, as it reduces mining rewards, which, of course, affects miners’ profitability. However, in comments to crypto.news today, several mining industry insiders suggested that Bitcoin miners are bullish on the current market outlook. According to Sascha Grumbach, founder and CEO of Green Mining DAO, miners are expecting a post-halving Bitcoin (BTC) price rally, which has…

July proved to be a banner month for efforts to scale Bitcoin using zero-knowledge proofs. First, StarkWare demonstrated a STARK verifier on Bitcoin’s Signet test network on July 17. Then last week at the Bitcoin 2024 conference in Nashville, two competing teams behind BitcoinOS and BitVMX verified zk proofs on Bitcoin mainnet. Both make use of BitVM, or “Bitcoin Virtual Machine,” an approach to create Turing-complete Bitcoin contracts without the need for a soft fork. Read more: Bitcoin research expands on design space for smart contracts A key difference between the two approaches is the degree of trustless execution, according…

VanEck’s digital assets research team has made a bold prediction about Bitcoin’s future, which has made headlines, particularly as a reference on Fox Business. The Bitcoin Therapist, a well-known crypto expert on X, drew attention to these predictions, emphasizing the growing penetration of Bitcoin into mainstream finance. Notably, VanEck believes that by 2050, the largest cryptocurrency by market cap could surpass $2.9 million per coin on a base case scenario. Even more strikingly, if reserve currencies continue to lose significance and Bitcoin’s appeal grows, VanEck believes the asset could soar to $52,386,207 by 2050 on a bull case scenario. National…

The meme coin market saw a major shake-up in the last 24 hours as a huge transfer of Pepe Coin (PEPE) took place. As on-chain data from Lookonchain revealed, a high-profile investor sold a whopping 500 billion PEPE, valued at around $4 million, directly to Kraken, a top U.S.-based crypto exchange. The transfer of half a trillion frog-themed meme coins was completed in just 15 minutes. Before this sudden move, the same whale had already built up a big position of 750.38 billion PEPE, worth around $8.34 million, through purchases on Kraken. The latest divestment, however, leaves the holder with…

Currently, Bitcoin dominance abbreviated as BTC dominance is among the most important indicators in the crypto market. It calculates the Bitcoin market capitalization against the entire crypto market capitalization. A lot of crypto investors and traders apply this in order to change their basic trading tactics and portfolio diversification. BTC dominance analysis can be useful in studying the overall market trend and making the right trading decisions. What is BTC Dominance? Bitcoin is the first and largest cryptocurrency by market capitalization. This crypto giant has always played a significant role in the crypto market. BTC dominance refers to Bitcoin’s share…