Author: NBTC

Bitcoin mining has seen exponential growth since the first ASIC miner was shipped in 2013, improving hardware efficiency from 1,200 J/TH to just 15 J/TH. While these advancements were driven by better chip technology, we’re now reaching the limits of silicon-based semiconductors. As further efficiency gains plateau, the focus must shift to optimizing other aspects of mining operations—particularly the power setup. Three-phase power has emerged as a superior alternative to single-phase power in bitcoin mining. With more ASICs being designed for three-phase voltage input, future mining infrastructure should consider adopting a uniform 480v three-phase system, especially given its abundance and…

Peter Schiff, one of the most prolific cryptocurrency critics, has warned that Bitcoin ETF buyers will be the first to jump ship as soon as things go south. In a recent social media post, Schiff argued that “ETF speculators” have low levels of conviction. “They got in for the ride and will jump off once it gets too rough,” the financial commentator added. In April, just a few months following the launch of these products, Schiff predicted that Bitcoin ETF issuers could end up facing lawsuits from their customers due to exorbitant losses. As reported by U.Today, Schiff recently noted…

gumi Inc. partners with the Sui Foundation to develop Brave Frontier Versus on the Sui Network, enhancing Web3 gaming. The migration of Oshi Token from Polygon to Sui highlights the blockchain’s scalability and growing influence in the gaming industry. gumi Inc., a well-known Japanese mobile entertainment content publisher and developer, has announced a strategic agreement with the Sui Foundation to co-develop Brave Frontier Versus for the Sui Network. This new title will be part of gumi’s Web3 project, OSHI3, which marks a significant collaboration in the gaming and blockchain industries. Partnership Announcement 🤝 We are happy to announce our partnership…

Coinbase announced it has restored services for Polygon on its platform under the new POL ticker. Leading American exchange Coinbase has enabled transactions for Polygon’s native token, POL, after a ticker change from the project. The US-based firm stated today that it would now allow users to send, receive, and trade the asset under its new ticker. Furthermore, Coinbase added it had enabled the same support it offered Polygon under its former ticker, MATIC. This meant users in the region where MATIC was traded could still transact with the layer 2 chain under the new POL ticker. The reinstatement came…

Bitcoin wallets holding between 1,000 and 10,000 BTC increased their holdings while prices slid over the past few days, while those owning less than 1 BTC were sellers, IntoTheBlock data shows. Bitcoin ETFs saw $168 million net outflows on Monday, led by Grayscale’s GBTC, Fidelity’s FBTC and 21Shares/Ark Invest’s ARKB. ETF investors held on “much stronger” than expected with only 0.3% of the assets leaving the funds, argued one analyst. Bitcoin (BTC) investors endured a (mostly down) rollercoaster of action as prices plummeted through the weekend to $49,000 by early Monday before modestly rebounding to around the $56,000 level in…

Ethereum (ETH) whales, historically influential in driving the altcoin’s price, have been quiet since July. On-chain data reveals that these large holders stopped accumulating ETH during that time, which likely contributed to its sluggish price performance. Now that September — a month known for heightened volatility — has arrived, the big question is whether these whales will resume buying and shift the market. Ethereum Whale Activity Slows Down Data from Glassnode reveals that addresses holding over 10,000 ETH last made a major purchase on July 5. Since then, these whales have either been selling or redistributing their holdings. This shift…

Bankrupt crypto exchange FTX has settled emergent technologies over $600 million in Robinhood stock. The motion, filed by FTX CEO John Ray III, says the platform is willing to pay Emergent $14 million to cover its administrative costs. In return, FTX wants the firm to drop its claims on Robinhood securities. According to the latest reports, the company seeks to avoid litigation delays related to the investment firm’s claims over about 55 million seized Robinhood shares and more than $600 million in cash: The FTX Debtors have worked hard to resolve the other competing interests to clear a path for…

Both bitcoin and ether have clawed back gains after an intense selloff throughout the weekend that bled into Monday. Ledn’s John Glover gave some insight into the levels he’s currently keeping a close eye on when looking at bitcoin’s chart. $49,000 — a figure noted Monday in the Empire newsletter — remains the “critical” level to watch, he said. So far, bitcoin’s firmly above $50,000 after hitting a low of $49,000. Another key level sits between $68,000 and $72,000. Read more: Bitcoin bounces back as ETH ETFs notch $49M in net inflows “If we can overcome the $60,000 to $62,000…

On Sept. 9, 2024, ethereum’s price hovers at $2,309 as it struggles to break free from a strong downtrend, observed across multiple timeframes. The market reflects uncertainty, with oscillators showing mixed signals and moving averages signaling a bearish outlook. While there are signs of accumulation near current support levels, the broader market environment demands caution from traders. Ethereum Ethereum’s 1-hour chart reflects a range-bound market, with prices fluctuating between $2,240 and $2,340. Support is firmly held at $2,240, while resistance looms at $2,338. Recent volume spikes indicate a lack of follow-through buying pressure after the drop to $2,240, signaling indecision…

Swift announced a new initiative on Sept. 11 to streamline global transactions and enable its members to use their Swift connection for transactions involving both traditional and emerging asset types, such as crypto. Swift plans to test multi-ledger Delivery-versus-Payment (DvP) and Payment-versus-Payment (PvP) transactions on its global platform. This could allow securities buyers to simultaneously pay for and exchange tokenized assets in real-time on Swift’s network. The new initiative will focus heavily on the global trading of real-world assets (RWA), as the industry is expected to reach a $30 trillion market cap by 2034. Swift said that the global tokenized…