Author: NBTC

Bitcoin, which renewed its ATH by rising above $ 73,000 in the past weeks, dropped to $ 60,000 with the declines it experienced this week. While some analysts thought that the correction in BTC could continue to lower levels, a positive report came from Goldman Sachs. Mathew McDermott, head of digital assets at Goldman Sachs, stated that the latest rally in Bitcoin was driven by retail investors, contrary to the general opinion, and said that institutional investors have just started to turn to BTC and the real rise has not started yet. Speaking at the Digital Asset Summit (DAS) in…

Liquid staking is a major breakthrough in the blockchain ecosystem as it addresses the liquidity challenges experienced in the conventional staking systems. While traditional staking entails locking my assets for a set duration to secure the network and claim the rewards, liquid staking is an innovative process that enables users to stake their resources while retaining their liquidity. The guide seeks to provide a broad perspective of the liquid staking concept. It includes its mechanics, implications, leading providers and its potential future in the blockchain sector. Understanding Liquid Staking Liquid staking, as its name suggests, refers to the process of…

Justin Bieber is back in the news for all the wrong reasons. As his fans have bid farewell to his boyish charm and begrudgingly accepted his 30-year age, they are also realizing that Bieber has made very adult mistakes. These include promoting a $1,600 NFT collection that now trades below a $150 floor. Videos of Bieber have caught the public’s attention this week, specifically those that show that he spent significant one-on-one time with Sean ‘Diddy’ Combs when he was a youngster. Video evidence of their interactions ignited his fanbase over concerns of potential sexual abuse and couple of weeks…

Crypto expert Lola outlines 15 compelling reasons investors should believe in Shiba Inu’s future potential. Speculations arise as Shiba Inu aims to reach the coveted $0.01 price level, igniting investor optimism. Shiba Inu’s deflationary model, vibrant community, and interoperability bolster its competitive stance in the crypto market. Amid burgeoning optimism surrounding Shiba Inu (SHIB), crypto expert Lola has enumerated 15 compelling factors underpinning investor confidence in the burgeoning token. My personal opinion why i believe on #SHIB Forgive my writing , spelling or grammar . i am not a good writer and i didn’t use AI for this.1.Hongkong is the…

Bitcoin and Ethereum options worth early $2.6 billion in notional value expired today amid a broader market pullback. According to Greeks.live, 25,000 BTC options expired, showcasing a Put Call Ratio of 0.56. The ratio indicates a higher interest in call options than puts, suggesting optimism among a segment of investors. The Max Pain point stood at $67,000 with a notional value of $1.7 billion. Similarly, 250,000 ETH options expired, with a Put Call Ratio of 0.51 and a Maxpain point of $3,500, amounting to a notional value of $890 million. The Max Pain point represents the strike price at which…

Decentralized exchange (DEX) MerlinSwap raised $480 million in its Initial DEX Offering (IDO) from over 52,000 participants, according to an April 5 announcement. This significant fundraising comes as MerlinSwap establishes itself as the top DEX in the Bitcoin ecosystem with more than $100 million in Total Value Locked (TVL) and $70 million in transaction volume. MerlinSwap utilizes a new automated market maker (AMM) model, backed by Merlin Chain and iZUMi Finance’s technical support, and the team behind the protocol says it offers more secure and efficient trading. Moreover, MerlinSwap introduces the DEX-as-a-Service function to Bitcoin decentralized finance (DeFi) ecosystem, in…

The smart contract blockchain Cardano ($ADA) has seen a significant rise in user activity over the last 30 days, with the number of active wallet addresses reaching a one-year peak of over 600,000 after surging nearly 40% over that same period. According to data from Cardano-based decentralized exchange Danogo, the number of active wallet addresses on the network hit a lot of 297,000 back in September 2023, when the price of ADA was trading at $0.24 before a wider cryptocurrency market rally kicked off earlier this year with the approval of spot Bitcoin exchange-traded fund (ETFs) in the United States.…

Bitcoin’s current behavior mirrors its path in a previous halving cycle. What can we expect from the next halving? Following the U.S. SEC’s approval of spot ETFs on Jan. 11, Bitcoin (BTC)began a bullish streak, soaring to impressive heights. Bitcoin hit a new all-time high of $73,750 on Mar. 14. However, this peak was short-lived as Bitcoin experienced a correction, dropping to levels around $60,000 to $61,000 on Mar. 20. Amid bullish sentiments, Bitcoin recovered from this dip. As of Mar. 22, it trades at around $63,000. According to a report by Coinbase, Bitcoin’s current path mirrors its behavior in…

Quick Take As the Bitcoin halving nears, now just under 4,300 blocks away and slated for April 20, the network has experienced a notable surge in hash rate, registering a 15% increase in 2024. The 14-day moving average hash rate is approaching record levels, currently peaking at approximately 598 eh/s. This upswing in hash rate suggests that miners are ramping up their operations to optimize earnings before the halving event, a sentiment echoed by Mike Alfred, a board member at IREN Energy. Alfred predicts a notable post-halving correction in the global hash rate, attributing this to the widespread use of…

Lloyds Bank, Nationwide Building Society, NatWest Group, and property portal Rightmove collectively invested £10m (about $12.6m) in Coadjute, a blockchain firm focused on property transactions, according to a press release Tuesday. Leveraging the R3 Corda enterprise blockchain platform, Coadjute facilitates a real-time network dedicated to the property market. This infrastructure connects various stakeholders, including buyers, sellers, and property professionals. It offers a comprehensive suite of functionalities, enabling the consolidation of property data, progress tracking, secure exchange of digital identities and documents, facilitated messaging, and electronic form signing. Coadjute’s implementation of blockchain ensures a secure environment for property transactions. By employing…