Author: NBTC

Much like hopeful lottery players who play despite knowing the odds are stacked firmly against them, there are still bitcoin miners who refuse to join a conventional mining pool. Defiant, they choose to work alone — the solo miners of the Bitcoin network. Solo mining is risky and mathematically irrational. Almost every miner joins large pools — usually set up to benefit Bitmain — for their predictable revenue. The chances of correctly solving Bitcoin’s mathematical puzzle working alone are nearly 0%. Yet ‘near zero’ doesn’t equal zero. Protos has put together a chart detailing when in the past 10 years,…

Velvet Capital, an intent-based operating system dealing with decentralized finance, has recently announced an exclusive integration with Base-based Beefy Finance. As per Velvet Capital, the respective integration delivers exclusive yield opportunities, denoting a unique chapter in the case of yield optimization to facilitate the community. The platform disclosed this development on its official social media account. Excited to announce our partnership with @beefyfinance to unlock new yield opportunities on Base🧵 below pic.twitter.com/T7tedJrYG1 — Velvet.Capital (@Velvet_Capital) August 31, 2024 Valvet Capital to Integrate with Beefy Pools to Provide New Yield Opportunities Along with the social media announcement, Velvet Capital also shared…

The chief crypto analyst at Real Vision says the global money supply (M2) metric is showing a “perfect” scenario for Bitcoin (BTC). Jamie Coutts says on the social media platform X that a historical relationship between Bitcoin and M2 suggests that the flagship cryptocurrency is in the midst of a consolidation phase while an increase in the money supply sets the stage for BTC’s next leg up. “Over the past decade, Bitcoin has had a tendency to trough several months before the bottom in global M2. Then it rips, gets way ahead of the move in liquidity, and has a…

Despite the SEC making an important decision in the cryptocurrency market by approving spot Ethereum ETFs, the Ethereum price did not meet expectations. While investors’ hopes for an increase have diminished in the face of the sharp declines in ETH prices in recent months, the expected analysis from the CryptoQuant analyst has arrived. The analyst noted that although Ethereum has experienced a significant decline over the past five months, its market price remains above the realized price. Stating that ETH remains in an upward trend by maintaining its position above the realized price, the analyst said that Ethereum’s strong stance…

Unusual trading activity across multiple altcoins has been observed on South Korea’s largest cryptocurrency exchange Upbit, with significant volume increases detected across multiple assets. En dikkat çekici artışlar Beam (BEAM), 0x Protocol (ZRX), Loom Network (LOOM), Axie Infinity (AXS) ve Primer (ASTR) için 4 saatlik ve 1 saatlik grafiklerde kaydedildi. Beam (BEAM) On the 4-hour chart, Beam (BEAM) saw a dramatic increase in trading volume on Upbit. While the average 50-period volume was $38 million, the most recent recorded volume increased by 125.48% to $86 million. However, this trend was not reflected on Binance, where Beam’s trading volume decreased by…

According to Adrian Brink, co-founder of Anoma and Namada, rollups offer little new functionality beyond the Ethereum Virtual Machine (EVM). He argues they are essentially execution-sharding solutions presented as true scaling solutions. Brink instead touts Plasma as the “only true scaling solution out there” because it enables constant data posting to the main chain “regardless of user throughput.” Rollups Versus Plasma Though rollups have gained traction since Ethereum co-founder Vitalik Buterin introduced the idea a few years ago, Brink believes proponents seem to misunderstand the importance of data storage. In written responses to Bitcoin.com News, he asserts that rollups are…

A closely followed analyst and trader warns that Bitcoin’s (BTC) multi-month bull market may be hanging by a thread. Pseudonymous analyst Altcoin Sherpa tells his 219,700 followers on the social media platform X that he’s keeping a close watch on Bitcoin’s price action at around $58,000. According to the trader, an immediate move below $58,000 could spell trouble for the crypto king. “$58,000 would be the level of interest for me for BTC. Pulling back is expected; the reaction from that area should be telling. Bounce strongly = we test higher levels. Weak bounce or nonexistent= we go to hades.”…

The cryptocurrency market has seen a major decline in the past week, with the world’s largest crypto asset, Bitcoin, losing 9%. In addition, large amounts of token unlocks will be seen in many altcoins in the new week. Here is the cryptocurrency token unlocking calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Orbs (ORBR) Market Value: $324.38 million Unlock Amount: $12.24 million (3.77% of market cap) Unlock Date: 02.09.2024, 03:00 Biconomy (BICO) Market Value: $180.22 million Unlock Amount: $1.61 million (0.89% of market cap) Unlock Date: 02.09.2024, 08:00 Ethena Labs…

The price of Ethereum (ETH) has fallen below the 21-day moving average line. Price analysis by Coinidol.com. Ethereum price long-term analysis: ranging Ether fell as buyers failed to sustain the bullish momentum above the $2,800 resistance and the 50-day SMA. A break above the 50-day SMA would have put the altcoin in an uptrend. However, a break below the 21-day SMA support indicates a possible decline or resumption of the sideways trend. Ether is trading above support at $2,200 and resistance at $2,800. Today, Ether is rallying after hitting a low of $2,700. On the downside, ETH will continue to…

An unidentified large floating object was detected in the Shiba Inu (SHIB) ecosystem this week. It is a whale, as it is called by particularly large investors in the market. The Shiba Inu ecosystem is home to many such entities. For example, according to IntoTheBlock, the concentration of addresses holding at least 1% of the outstanding supply of all Shiba Inu tokens is 59.95% or 589.67 trillion SHIB. To be fair, however, 410.42 trillion tokens are held on a dead address and are considered burned. The hero of last week, however, was the address “0x78342,” which absorbed over 1 trillion…