Author: NBTC

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Telegram is no longer just a chat app—it’s a thriving crypto ecosystem with its own affiliated chain, games, and audience. With almost a billion users, Telegram’s endorsement of The Open Network as its “official web3 infrastructure” produces an explosion of blockchain-based mini-apps within the platform, engaging and rewarding players in unprecedented ways. You might also like: Crypto community rallies behind Telegram founder Pavel Durov on heels of arrest The successes are staggering: Notcoin stormed social media, growing…

Jupiter Exchange, a leading Solana DEX aggregator, encountered a brief outage in its recently launched token service earlier today. The incident prevented the service from picking up newly launched tokens and affected features like Dollar Cost Averaging (DCA) for those tokens. Despite the service interruption, users were still able to trade tokens normally. However, the specific functionalities tied to new tokens, including DCA, were unavailable until the issue was resolved. Jupiter Exchange has since resolved the issue, restoring full functionality to the token service. In a public statement made on X, Jupiter Exchange acknowledged the service disruption and expressed gratitude…

Bitcoin’s hashrate is on the rise once again, edging closer to the peak levels seen at the end of July. Despite a recent 4.19% dip in difficulty during the last retarget, current projections suggest that this drop might soon be history. On Aug. 28, the difficulty is expected to bounce back, potentially increasing by 4% or more. Accelerated Block Intervals and Growing Hashrate Indicate 4.19% Difficulty Reduction Could Vanish According to Luxor’s hashrateindex.com, Bitcoin’s hashrate is currently cruising at 660 exahash per second (EH/s), just 17 EH/s shy of the 677 EH/s peak recorded on July 25, 2024. It’s been…

Bitcoin experienced a sharp decline on Aug. 20, falling below the $59,000 mark as selling pressure intensified, leading to significant liquidations in the crypto market. The flagship crypto slid over 3% in an hour, giving up almost all of its gains over the previous trading day after touching a weekly high of $61,400. Bitcoin was trading at $59,000 as of press time, based on CryptoSlate data. Liquidations The downward price movement resulted in widespread liquidations across the crypto market, with over $50 million liquidated in an hour, based on Coinglass data. The liquidation heatmap indicates that Bitcoin accounted for the…

Fed Chairman Jerome Powell’s speech at Jackson Hole today reinforced the expectations of an interest rate cut in September, as he stated that “the time has come for Fed policy to adjust.” This fueled a Bitcoin (BTC) run toward $62,000 after a 1.1% rise in the past hour. Ethereum (ETH) and Solana (SOL) followed with 0.8% and 1.1% growth respectively. Powell’s dovish stance was further indicated by his sharing that the Fed is confident that inflation will reach 2%. Moreover, the Fed Chairman said that they don’t seek further labor market cooling, and will do everything to support strong movement…

A recent post from Telegram CEO Pavel Durov has sparked speculation among the crypto community regarding his interest in the tap-to-earn game Hamster Kombat. The post has led to a wave of comments and theories about the implications of his statement, potentially signaling an unexpected collaboration between the two. Has Hamster Kombat Become the New Telegram CEO Interest? Recently, Durov shared a video about the messaging app’s new updates on his official Telegram channel. He highlighted a shift in how people interact with mini-apps. “Now people can collapse apps and switch between them. In the future, this new bottom bar…

Decentralized exchange SushiSwap integrated dollar-cost averaging (DCA) and limit orders in its application by tapping Orbs’ dLIMIT and DCA protocols. The dLIMIT protocol allows traders to place limit orders on-chain, setting specific prices for buying or selling tokens. Users can choose options like +1%, +5%, or +10% above their target price and set expiry dates for their orders. Additionally, SushiSwap’s interface now includes an order history tab for tracking open and previous orders. Users can also specify the frequency and number of individual trades for their DCA orders, implementing this popular algorithmic trading strategy. Orbs is a decentralized layer-3 (L3)…

Institutional investors are being drawn to Bitcoin mining companies for their artificial intelligence (AI) potential, but they may end up reaping unexpected benefits from cryptocurrency bull markets. “If we are right about our $200K Bitcoin price forecast, investors will come for AI and might end up enjoying the Bitcoin bull markets, without asking for it,” a Bernstein report released Monday states, as it encapsulates a dual opportunity that institutional investors may not have anticipated. Source: Bernstein This unexpected synergy between AI infrastructure and cryptocurrency mining is attracting attention from institutional investors who see beyond the traditional boundaries of these technologies.…

To understand the recent movements in the Bitcoin market, the UTXO Block P/L Count Ratio Model provides important insights. This model focuses on changes in the number of Unspent Transaction Outputs (UTXOs) that are either in profit or in loss and how these changes correlate with Bitcoin’s price, according to CryptoQuant. Current Status of the #Bitcoin Market: UTXO Block P/L Count Ratio Model Analysis“When viewed cyclically, the increase in the number of UTXOs in loss has historically had a positive impact on the price.” – By @0xDataScopeRead the full post 👇https://t.co/OC5fmZuuYQ pic.twitter.com/spAC80JVIr — CryptoQuant.com (@cryptoquant_com) August 20, 2024 UTXO Data…

According to Blockstream CEO Adam Back, MicroStrategy (MSTR) shares reaching $194 would correspond to about $80,000 per Bitcoin. Cantor Fitzgerald, an American financial services giant that was founded all the way back in 1945, recently initiated coverage on the stock of the biggest corporate holder of Bitcoin. The firm announced the above-mentioned price target of $194. The $80,000 Bitcoin target seems to be reasonable if the CMSTR:BTC price ratio remains within the existing model, according to Back. Earlier this year, STOKR, the European marketplace that allows issuing tokenized digital shares, announced CMSTR Notes, with each of them representing 100 shares…