Author: NBTC

According to a recent Bloomberg report, multiple Bitcoin developers are currently exploring the idea of adding programmability to the leading blockchain. This narrative could reignite the cryptocurrency’s rally, according to the business outlet. Bitcoin is currently trading at $66,750. It is down 9.5% from its record high that was set back in March. Unlike rival blockchains of the likes of Ethereum, Bitcoin lacks such additional features as smart contracts that would make it possible to significantly expand its functionality. Bitcoin development has been extremely conservative compared to other protocols. Its proponents have long refused to add new features since the…

Flamingo Finance, a DeFi protocol operating on the blockchain NEO, has commenced an exclusive partnership. As per the company, it is joining forces with AlphaNet (a cutting-edge AI forum dealing with crypto trading) to enhance the range of products for consumers. The platform took to its official account on the social media forum X to disclose this endeavor. 🦩 We are pleased to announce a new partnership with @AlphaNet_AI!Flamingo will gradually introduce AlphaNet products into the Flamingo ecosystem to provide users with helpful trading insights, signals, and AI tools to elevate the trading experience.#Flamingo #DeFi $FLM $NEO pic.twitter.com/SITSLPpG90 — Flamingo…

With bitcoin’s price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s. Declining Bitcoin Value Squeezes Mining Revenues and Hashrate Over the past week, bitcoin (BTC) has decreased by 5%, and over the last 30 days, it has shown a 10% decline. This drop in price has impacted bitcoin miners and their earnings from block rewards and associated fees. Currently,…

DePIN integrates IoT and blockchain for efficient data exchange and monetization. Nubila Network leads DePIN innovations, enhancing user-centric economies. Web3 and VeChain ensure secure, transparent transactions, rewarding user data contributions. The upcoming HiVE Summit will highlight groundbreaking advancements in decentralized physical infrastructure networks (DePIN). These networks are transforming the way blockchain technology and Internet of Things (IoT) technology are integrated, resulting in a strong platform for Real World Asset (RWA) management. Decentralised Physical Infrastructure (#DePIN) meets IoT meets #blockchain meets #RWA & more, with @nubilanetwork.The economy of tomorrow is powered by Web3, pays you for your data, and derives value…

Bitcoin’s (BTC) current market structure looks similar to 2017, just before its massive 1,200% rally to its previous record high of $20,000, according to widely followed crypto analyst TechDev. The pseudonymous analyst shares with his 450,000 followers on the social media platform X a chart that suggests the current market cycle has been strikingly reminiscent of the 2017 Bitcoin bull run. TechDev’s chart highlights that both bear markets bottomed out during the crash of two major crypto exchanges, followed by repeated rallies and consolidation phases. “The more things change, the more they stay the same.” Source: TechDev/X Looking at the…

Lookonchain, a prominent on-chain analytics forum, has recently analyzed the crypto staking pools in terms of APY. As per the platform, it has provided a list containing the staking pools with high annual percentage yield (APY) to facilitate the crypto users. The platform took to its official social media account on X to reveal the respective development. Lookonchain Discloses the List of Top Staking Pools in Terms of APY In its recent X post, the company discussed the top four staking pools in the case of APY. Lookonchain added that the staking pool “Justlend,” which has $TRX as its native…

Magnetic X, a protocol facilitating applications on the XRP Ledger (XRPL), has reported significant growth in its DeFi ecosystem. Over 37 days, 703 users (“farmers”) have collectively earned over 50,000 XRP through Magnetic X’s platform, showcasing its potential for generating rewards. 🟢Results of 37 days of farming✔️ 703 unique farmers✔️ Farmers earned 50k+ XRP in 37 days✔️ MAG has 1.9M XRP liquidity✔️ MAG price is 2240 XRPFarming: https://t.co/1wNvRwYZHM pic.twitter.com/Zb2HjybdOh — Magnetic X (@MagneticXRPL) June 5, 2024 The protocol’s total liquidity now stands at 1.9 million XRP, bolstering its MAG token, currently priced at 2,240 XRP. This growth coincides with the…

Cyberpunk-themed crypto gaming ecosystem Pixelverse is launching a token on The Open Network (TON) as its Telegram-based game PixelTap player base grows. PixelTap is a clicker-meets-combat game that lets you earn in-game coins to upgrade your robots that you take into battle. When fighting, you’ll frantically tap parts of the screen to attack your opponent’s bot, as well as craft special attacks and try to defend yourself. But Pixelverse is more than just its Telegram game—it also offers a web browser-based quest battler in the same universe. This game, called Pixelverse, is currently in an “early preview” phase as it…

The Eurosystem announced more wholesale distributed ledger technology (DLT) settlement trials in July after the first batch began testing in May. The second group, comprised of 48 private companies and three central banks, will trial both cross-border and payment-versus-payment (PvP) transactions. 15 DLT operators are taking part, including big banks like JP Morgan (NASDAQ: JPM), Goldman Sachs (NASDAQ: GS), HSBC (NASDAQ: HSBC), Euroclear and others. All of these have their own DLT solutions. The trials will involve a mix of real payments with volume limits and simulations. Tests will involve domestic payments using tokenized deposits as well as a variety…

Billionaire investor Warren Buffett, known as the “Oracle of Omaha,” has famously expressed his dislike for Bitcoin, as he referred to it as “rat poison squared” in 2018. Buffett emphasized that Bitcoin lacks intrinsic value, likening its allure to playing the roulette wheel. Berkshire Hathaway Vice Chairman Charlie Munger recently advocated for the U.S. to follow China’s lead and ban it, characterizing Bitcoin as a gambling contract heavily skewed in favor of the house. With Berkshire Hathaway achieving its highest-ever annual profit last year, it is currently holding crypto assets. Does this signify a big change in how institutional investors…