Author: NBTC

In July, the proof-of-work (PoW) crypto mining algorithm Kheavyhash, used by the kaspa (KAS) crypto asset, held the top spot for profitability among consensus algorithms. Fast forward to today, and it’s the Blake3 algorithm that’s taking the lead, with alephium (ALPH) miners raking in an estimated $40.53 in daily profits. Blake3 Tops PoW Mining, Followed by Scrypt, Kheavyhash, SHA256, and Eaglesong Ninety-six days ago, our newsdesk shared an analysis of the top five PoW consensus algorithms, but things have shifted since then. Kheavyhash, once the leader, has now dropped to third place as KAS mining rigs have shuffled the rankings.…

Samson Mow, the popular Asian Bitcoin evangelist and CEO of JAN3, has called on the government of Japan to acquire 167,000 BTC tokens. Mow persuaded Japan to buy the premier asset in a tweet on Sunday after a discussion at the Bitcoin and Layer 2 session in Japan. The conference, hosted by Blockstream, Crypto Garage, and Fulgure Ventures, aimed at promoting Bitcoin adoption at the state level in Japan. Notably, representatives of Japan’s major banks, financial technology firms, and regulators attended the conference. During the session, Mow discussed Bitcoin’s growth, scarcity, and fiscal implications. Japan to Explore Bitcoin Due to…

Solv Protocol generated $1.48 million in fees within 24 hours, surpassing major DeFi platforms like Solana and Uniswap. Solv Protocol’s TVL reached $1.4 billion, positioning it as the top protocol in the Bitcoin Finance ecosystem. Generating $1.48 million in protocol fees in just 24 hours is an amazing achievement for Bitcoin staking platform Solv Protocol. Ahead of some well-known names like Solana, which recorded around $1.24 million, and Uniswap with $1.15 million, this ranks it sixth in the DefiLlama ratings. With $1.4B TVL, Solv now holds the highest TVL in the BTCFI ecosystem.@SolvProtocol is generating $1.48M in fees over 24h,…

The Korean altcoin market is seeing significant price discounts despite a recent rally. This has caught the eye of investors, potentially creating a buying opportunity in the coming weeks. According to Kaiko Research, altcoin prices on Korean exchanges have dropped compared to their global counterparts, making traders optimistic about a lucrative buying opportunity. The drop is the lowest since the FTX collapse, suggesting that Korean traders may have sold their holdings after two months of declining prices. VAUPA and Chinese Stimulus Measures Could Impact Korean Altcoin Prices Regulatory frameworks such as Korea’s Virtual Asset User Protection Act (VAUPA), market sentiment,…

By providing verifiable data on product origins, quality, and environmental impact, VeChain builds trust between businesses and consumers. Its technology also aids sustainability efforts through initiatives like VeBetterDAO, rewarding users for environmentally positive actions. VeChain, a renowned blockchain firm, is making waves in global trade while focusing on solving real-world problems like product authenticity, transparency, and sustainability with its VET token playing a major role. Moreover, VeChain’s blockchain solution ensures products are monitored from the production stage to the consumer. One of VeChain’s main areas of impact is supply chain management, as reported by CNF. It offers verifiable data on…

Options tied to BlackRock’s spot bitcoin ETF (IBIT) could set the stage for a GME-like gamma squeeze-led upside volatility in BTC. Amberdata says over the long run, institutions’ bias for yield-generating strategies could dampen volatility. One of the exciting developments from last week was the U.S. Securities and Exchange Commission’s (SEC) nod for approval and listing of physically settled options tied to BlackRock’s spot bitcoin (BTC) ETF, the iShares Bitcoin Trust (IBIT). There is consensus that the IBIT options, which still needs to be greenlighted by the Options Clearing Corporation (OCC) and the Commodity Futures Trading Commission (CFTC), will further…

The decentralized finance (DeFi) sector keeps displaying resilience, with many projects witnessing noteworthy growth in their Total Value Locked despite the wider market’s volatility. Phoenix, a well-known crypto analytics platform, has shared the list of the top DeFi projects in terms of weekly TVL growth, including $CGPT, $TRU, $AMU, $DF, $MOVE, $KP3R, $NOTE, $NEST, $THL, and $CETUS. The analytics provider disclosed the list on its official social media account. TOP PROJECTS BY WEEKLY #TVL GROWTH$CGPT $TRU $AMU $DF $MOVE #KP3R $NOTE $NEST $THL $CETUS $NAVX $RAY $TOKE $TURBOS $AERO pic.twitter.com/OUGOWy5AN0 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 6,…

South Africa’s (SA) crypto sector has been on a tear over the past year. That’s according to an excerpt from an upcoming Chainalysis 2024 Geography of Cryptocurrency report. The piece shows that Africa’s largest economy drew roughly $26 billion in crypto values thanks to growing traditional finance (TradFi) adoption and institutional activity. Absa Group’s Rob Downes has weighed in on the TradFi-crypto connection that’s taken off in the country. He said: We are seeing growing interest from institutional clients, particularly around custody solutions for digital assets, which will play a crucial role in supporting the crypto ecosystem here. – Rob…

Bitcoin (BTC) took a major hit from geopolitical tensions in the Middle East, while altcoins faced an even deeper decline. While Ethereum (ETH) and other popular altcoins have fallen between 10-15% in the past week, Santiment pointed out that the three altcoins could make big moves amid fundamental developments and institutional interest. At this point, Santiment said that XRP, Aptos (APT), and Chainlink (LINK) have seen the most increases in discussions on social media as the markets try to recover. Noting that XRP, APT, and LINK have already attracted a lot of attention from investors, Santiment said that these three…

With only seven days left until the end of the month, this could be the most bullish September in terms of Bitcoin (BTC) price since the inception of the maiden cryptocurrency, particularly as it mimics last year’s moves despite traditionally trading in the red during this time. Specifically, Bitcoin has been moving very similarly to September 2023, including its higher lows laboring up toward the key level, and pushing beyond it could send BTC to a new all-time high (ATH) soon, according to the observations shared by crypto analyst Jelle in an X post on September 23. As it happens,…