Author: NBTC

At the Bitcoin 2024 conference in Nashville, the Chinese bitcoin application-specific integrated circuit (ASIC) manufacturer Microbt introduced its new line of M6XS+ miners. These miners offer a hashrate ranging from 190 terahash per second (TH/s) to 450 TH/s, with an efficiency of 17 joules per terahash (J/T). Microbt Reveals Cutting-Edge Whatsminer Rigs Microbt, the developer of the Whatsminer bitcoin miners, unveiled four new mining rigs at the Nashville event. Dr. Yang Zuoxing, the company’s founder and CEO, showcased the air-cooled Whatsminer M60S+, which can achieve a hashrate of 190 to 210 TH/s. The Microbt hydro-cooled M63S+ reportedly reaches between 390…

A widely followed crypto strategist believes that Bitcoin’s (BTC) long-term upside potential is unlimited despite its recent price doldrums. Pseudonymous analyst Pentoshi tells his 801,000 followers on the social media platform X that while he’s bullish on Bitcoin for the long haul, the crypto king may see a significant correction before heading higher. “For BTC, I wanted to start off with what I view to be the worst-case scenario. Let’s say, $48,000-$51,000, essentially 20-25% lower. And in this scenario, people should get more bullish the lower it [goes] because the upside becomes greater. But again, let’s call that max drawdown.…

Solana (SOL) whales are making big moves today. While the price of SOL has remained bullish in the past few days, it appears that some large holders have started to take profits. Whale Alert detected a potential sell-off earlier today. According to the details, this whale transferred 196,068 SOL from its wallet to crypto exchange Binance. This transaction is estimated to be worth around $35.16 million. While Whale Alert has not revealed if the whale has sold it or still held it on Binance, this is likely to be a sell-off. Crypto whales usually transfer their holdings to a crypto…

Bitcoin and major cryptocurrencies experienced sharp declines during Asian trading hours, reversing gains made earlier in the week. The price drop was attributed partly to concerns of large BTC sales from the defunct Mt. Gox exchange, which is set to distribute assets stolen in a 2014 hack later this month. One trader continues to predict a BTC price of $150,000 this year, despite the short-term turbulence. Bitcoin (BTC) led declines in Asian trading hours as major tokens wiped out gains made at the start of the week. BTC dropped to $60,900 from over $62,000 shortly after Tokyo markets opened, with…

The Tron blockchain network has reached a significant milestone of over 245 million total addresses, reflecting its growing adoption and usage. Tether’s stablecoin USDT dominates network activity on the Tron blockchain, accounting for 99% of total transfers by the top 10 contracts in June 2024. The Tron blockchain network continues to hit new milestones showing the growing adoption of its blockchain and popularity. Popular X handle TRONSCAN recently published an update regarding the Tron blockchain highlighting the latest achievement of the network. According to a tweet, Tron’s total number of addresses has surpassed 245 million. This significant milestone reflects the…

CryptoQuant, a leading cryptocurrency analysis firm, recently shared its views on the current state of the Bitcoin market. Over the past two years, the Bitcoin market has experienced a significant increase, which has also affected the prices of other cryptocurrencies. This period has been more promising compared to the bear market in 2021 and 2022. To predict the current state of the Bitcoin market, CryptoQuant analysts resorted to one of the most effective modern tools, the 60-Day Realized to Market Value Variance (RCV) metric. This metric measures the two-month change in Bitcoin’s cap relative to its market cap, making it…

On June 17, 2024, Ripple Labs transferred 150 million XRP tokens, valued at $87.49 million, from one of its wallets to the well-known “rP4X2” wallet. Data from the WhaleAlert blockchain analytics account revealed the transaction. The rP4X2 address, activated in 2023 with a transfer of 70 million XRP, has seen increased activity, suggesting it is not likely tied to any exchange. 🚨 🚨 🚨 🚨 150,000,000 #XRP (87,493,136 USD) transferred from #Ripple to unknown wallethttps://t.co/z5janBJZ1N — Whale Alert (@whale_alert) July 16, 2024 Shortly after receiving the 150 million XRP, the rP4X2 wallet sent 5,000 XRP to another undisclosed address. This…

The price of Serum (SRM) has plummeted nearly 8% amidst a brewing court battle between Jump Trading’s subsidiary, Tai Mo Shan, and the FTX bankruptcy estate. The dispute between Tai Mo Shan and FTX bankruptcy estate centers around an unresolved loan agreement involving a massive 800 million SRM tokens, a transaction that has now become a focal point in the ongoing fallout from FTX’s collapse. Jump Trading’s Tai Mo Shan seeking $264M in damages Jump Trading’s Tai Mo Shan is seeking approximately $264 million in damages from the FTX estate, claiming that Alameda Research, a former trading partner of FTX,…

Bears seized control of the Bitcoin market in the past 24 hours, pushing the leading digital asset below the $61,000 mark. BTC failed to hold the $63,000 support level and plunged over 3%, dragging other cryptocurrencies down with it. Data reveals that the Bitcoin market suffered over $36 million in liquidations in the last 24 hours, with $33 million in long positions and $3.67 million in short positions wiped out. According to CoinMarketCap, Bitcoin’s trading volume rose 1.63%, reaching around $22 billion. BTC has been on a steady decline since the start of June. At the time of writing, Bitcoin…

The Cardano team is pushing advanced capabilities in its scaling solution Hydra. The ecosystem is getting ready for the infamous Chang Upgrades in August. The Cardano Hydra team continues to see progress, recently updating specifications in incremental decommits to refine the process. In addition, the team updated dependencies to ensure compatibility with Cardano node v.9.0.0 and enhanced documentation. Hydra Tackles Cardano’s Scalability Issues The Cardano blockchain is a platform known for building Decentralized Applications (dApps). However, as the network grows and adoption increases, scalability has become a critical concern. To tackle this challenge, the Hydra team developed Layer 2 scaling…