Author: NBTC

According to Bitcoin Magazine Pro data, holding Bitcoin has been profitable for 98.5% of its existence. The data reveals that out of the last 5,096 days since Bitcoin trading began, holding BTC has been profitable for 5,020 days relative to the current price of ~$66,500 per BTC. Since August 17, 2010, when Bitcoin was priced at just $0.07, its value has skyrocketed to around $66,500, representing an astounding increase of 94,999,900%. This consistent upward trajectory highlights Bitcoin’s sustained growth and increasing adoption over time. The chart from Bitcoin Magazine Pro underscores the aggressive growth of Bitcoin’s adoption curve, driven by…

Tron Network has made an important pivot into the meme coin scene, and thus far, its performance has been good. According to data insights from crypto analytics firm Lookonchain, some traders are already making a lot of money trading Tron-based meme coins. Tron meme coin growth push Based on Tron Scan trades, some traders have made 100x gains trading these memes on the protocol. Trader “TEP7…T1da” spent 5,000 TRX worth $650 to buy 6.87 million SUNDOG earlier. After about seven hours, the trader sold 4.57 million of these tokens for 522,840TRX, a sum that is equivalent to $68,000. This single…

Famous political speaker Tucker Carlson has a lot of respect for Bitcoin, and is apparently very confident about the identity of its creator. During a private event on Friday held at Bitcoin 2024, the former Fox News host spoke at length about why crypto is the world’s best tool for enabling financial sovereignty—even though it was invented by the Central Intelligence Agency (CIA). “Obviously it was the CIA, we all know that,” said Carlson with a laugh. “It’s like Signal, they got there first. It’s a honeytrap!” According to Carlson, crypto enthusiasts are highly intellectual and can seemingly answer any…

The past seven days have witnessed significant NFT transactions, with CryptoPunks leading the market. A sale of CryptoPunk #1219 for $308.09k topped the charts, setting the pace for the week. Several other CryptoPunks also made headlines, reflecting the continued dominance of this collection in the NFT world. A crypto media platform shared the states, highlighting the growing dominance of the NFT marketplace in the crypto space. TOP #NFT SALES IN THE LAST 7D Among largest sales in the last 7D are: #BondBear#CryptoPunksLargest Sale: CryptoPunk #1219 – $308.09k pic.twitter.com/twsyt1NCCw — PHOENIX – Crypto News & Analytics (@pnxgrp) September 22, 2024 Record…

The latest State of NEAR Q2 2024 report by Messari confirms significant progress for Near Protocol in various segments. NEAR’s stablecoin ecosystem grew substantially in Q2 2024, up 165% QoQ and 717% in six months to $567 million. Moreover, Q2 saw Frax team plans to introduce a Near-based stablecoin frxNEAR amid plans to improve decentralized AI and programmable money. Key insights: Daily active addresses up 51% to 1.9 million. Near’s stablecoin market capitalization soared to $567 million. Consistent developer activity Significant investment in artificial intelligence 💰Frax Finance $FXS partners with $NEAR Protocol to enhance decentralized AI and programmable money.🪙Launching frxNEAR…

Riccardo “Fluffypony” Spagni, a former Monero developer, has launched a new mining app called Tari Universe. The app aims to make mining accessible to everyone using a user-friendly interface. However, Spagni faces legal troubles related to fraud and forgery charges. Despite the alleged crimes occurring over a decade ago, South African authorities only took action in 2021. Democratizing Crypto Mining Riccardo “Fluffypony” Spagni, a former lead maintainer of the privacy blockchain Monero, has launched a new mining application called Tari Universe. The app aims to “democratize” cryptocurrency mining by using an ASIC-resistant hashing algorithm that allows users to mine tokens…

As July comes to a close, the price of Bitcoin remains steady at approximately $65,700. Despite some speculation around a potential rate cut from the Federal Reserve, the consensus was that rates would remain unchanged. Chair Jerome Powell confirmed this expectation but hinted at a possible rate reduction in September, leaving the market on edge. Contents hide 1 Why Are Cryptocurrencies Falling? 2 What Will Happen to Cryptocurrencies? 3 Key Takeaways Why Are Cryptocurrencies Falling? Powell stated that a 50-basis point cut for this year is currently off the table. However, he did leave room for speculation, suggesting cuts might…

The Bitcoin (BTC) mining race intensified between China and the United States, recently dominated by the former in a shift. AntPool mined nearly one-third of all newly issued BTC in the last 24 hours, concentrating block production and mining rewards. Finbold retrieved data from mempool.space on September 22, accounting for Bitcoin’s daily block discovery among mining companies and pools. By the time of this writing, AntPool had mined 42 blocks out of 135, while Foundry USA discovered 36. Notably, the first two leaders have been dominating the mining race for years, putting a significant distance against their competitors. ViaBTC, for…

New data from crypto analytics firm Kaiko reveals that traders are flocking toward bullish Bitcoin (BTC) bets for the upcoming presidential election. In a new paper, the Kaiko team finds that derivatives traders are placing tens of millions of dollars worth of bullish BTC bets on crypto options exchange Deribit’s new election contracts. “Options traders flocked to bullish bets on BTC for Deribit’s new US election contracts. The options contracts, which expire on November 8, three days after the US Presidential elections, went live on July 18. Traders bought $41 million worth of BTC calls on Tuesday, July 23. Weekend…

Sun.io, the DeFi platform associated with Tron founder Justin Sun, has released a token generator dubbed SunPump. The new platform will rival Solana’s pump.fun token generator. $10 million has been set aside to provide resources to newly issued tokens and a review process put in place to avoid rug pulls. Sun.io, the decentralized finance (DeFi) protocol associated with Tron founder Justin Sun, has released SunPump, a platform that allows users to create memecoins on the Tron blockchain. The platform will rival the popular Solana equivalent, pump.fun, where transaction fees surged to an all-time high this week with a total of…