Author: NBTC
Ordinals infrastructure platform OrdinalsBot said it raised over $3 million in its seed funding round to enhance opportunities within the broader Bitcoin ecosystem, according to a March 26 statement shared with CryptoSlate. The funding round was led by DACM, with significant contributions from Eden Block and Nural Capital. Notable participants include WWVentures, Lightning Ventures, and Oak Grove Ventures. With this latest funding injection, OrdinalsBot’s total funding now amounts to $4.5 million, as it had raised more than $1 million for its pre-seed funding. OrdinalsBot launched last year after the Ordinals protocol became one of the primary narratives within the crypto…
Shiba Inu is steadfast in its pursuit of exceeding Dogecoin in valuation, with the development team asserting that Dogecoin’s reign as the leading meme coin is counting down. Dogecoin Days Are Numbered The Shiba Inu team reiterated their conviction about surpassing Dogecoin in a recent post on X. It comes amid trading platform CryptoCom spotlighting SHIB as the second most valuable meme-inspired project. Reacting to CryptoCom’s highlight, the Shiba Inu team noted that SHIB merely occupies position two today but is on track to be number one. In particular, the team remarked, “[Number] 2 today, but the Doge days are…
As a result of the next recalculation, the difficulty of Bitcoin mining decreased by 0.97%, with an indicator of 83.13 T. The average hashrate for the period since the previous value change was 599.71 EH/s. The range between blocks is 10 minutes and 7 seconds. Mining difficulty determines the required total hardware capacity for mining Bitcoin (BTC). An increase in this indicator brings the halving date of the first cryptocurrency closer. Under certain conditions, it may occur in April 2024. Source: Btc.com According to Glassnode, the seven-day moving average peaked at 614.9 EH/s on March 24. After that, it corrected…
Bitcoin’s JIGO BRC-20 NFTs topped the non-fungible token market with a sales increase of 46.81% in the 24 hours to 1 p.m. ET to reach US$1.96 million. The collection witnessed substantial growth in market activity, with the number of transactions rising by 60.20% to 157 on Thursday, according to CryptoSlam data JIGO helped Bitcoin retake the top spot from Ethereum as the daily sales leader for NFTs. Other notable movements in the NFT market include Solana’s Mad Lads, which experienced a 54.94% increase in sales to US$1.92 million and a 65.85% jump in transactions to rake in the second-highest volume…
Ethereum co-founder Vitalik Buterin has proposed a new framework to incentivize Ethereum decentralization by penalizing correlated failures among validators. According to the research proposal submitted by Buterin, large-scale staking groups, and organizations have an undue advantage over smaller players, creating an imbalance in the decentralized staking sector. “The theory is that if you are a single large actor, any mistakes that you make would be more likely to be replicated across all “identities” that you control, even if you split your coins up among many nominally-separate accounts,” the Ethereum co-founder said. Buterin suggests that validators controlled by the same entity…
Shibarium, the layer-2 solution developed within the Shiba Inu ecosystem, has witnessed a staggering decline in transaction volume, plummeting by a remarkable 98.4% in less than three days. Data from Shibariumscan reveals a stark drop from over one million transactions to a mere 9,330 in the past 24 hours, marking a concerning trend for the network. This downturn comes on the heels of a significant downturn in the price of the Shiba Inu token (SHIB). After experiencing a meteoric 375% surge in the first half of March, SHIB’s value nosedived over the subsequent two weeks, erasing nearly a third of…
Mining companies are bracing themselves for the bitcoin halving — a time expected to weed out the segment’s less efficient operators, and those with trouble accessing capital. Per-block mining rewards are set to drop from 6.25 bitcoin (BTC) to 3.125 BTC on or around April 20. Such an event occurs roughly every four years. Read more: The next bitcoin halving is coming. Here’s what you need to know While some industry players are expected to struggle, other firms have made it clear they intend to take advantage of buying opportunities and set themselves up for future growth. Such vision takes…
Bitwise filed for a spot ethereum ETF on Thursday. The company, which launched a spot bitcoin ETF back in January, also has an ethereum futures ETF, known as the Bitwise Ethereum Strategy ETF (AETH). The potential issuer dropped its 19b-4 and S-1 documents side-by-side Thursday, following Fidelity, which filed its S-1 for its proposed fund earlier this week. Unlike some of its potential competitors, the Bitwise S-1 lacks any language around staking. Ark 21Shares, Fidelity and a few others included such language in earlier filings. Read more: Ark 21Shares amends spot ether ETF proposal to include staking language Bitwise would…
Trading bots managed via the crypto-friendly messaging app Telegram often require users to input their private keys so they can make trades on their behalf. The increasing numbers of these bots suggest that meme coin traders are happy to forgo one of crypto’s core tenets, self-custody, to smooth the process of buying into the latest hot token. After all, when betting on the next crypto moonshot, it’s best to be early. The likes of Maestro, BonkBot, and Banana Gun significantly reduce friction when ape-ing into the next WIF, and some are specifically designed to ‘snipe’ freshly launched tokens. Rather than…
Billy Markus, who made the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has published a tweet, sharing the “technology” used by those who are launching various small-cap meme coins these days. He also explained why he is not planning to buy any of these meme cryptocurrencies. In another tweet, Markus shared his wallet address, jokingly offering people to send him SOL meme coins. On the Twitter/X network, Markus is known as “Shibetoshi Nakamoto.” DOGE founder not going to buy any meme coins Billy Markus published an ironic tweet, offering the crypto community to send him SOL meme coins…