Author: NBTC

In the last three days, bitcoin miners have experienced an 8.4% drop in profits, echoing a decrease in bitcoin prices. Since then, the network’s hashrate has fallen below the 600 exahash per second (EH/s) mark. Price Drop Squeezes Bitcoin Mining Profits Revenue for bitcoin miners has declined as the hashprice, the revenue from 1 petahash per second (PH/s) of hashing power per day, has diminished by 8.4% since June 14, 2024. Just three days prior, miners were earning $57.36 per petahash, but now, the hashprice stands at $52.53. On June 12, two days beforehand, bitcoin was trading just above $69,000.…

Blockchain forensics firm Chainalysis has discovered $169 million in Bitcoin connected to the 911 S5 botnet, facilitating the arrest of Chinese national Yunhe Wang. Crypto analysis firm Chainalysis has traced $169 million in Bitcoin linked to the notorious 911 S5 botnet, a revelation that played a crucial role in the recent arrest of Yunhe Wang, a Chinese national allegedly involved in controlling the botnet. In a blog post, the New York-headquartered firm said the botnet’s illicit operations enabled it to generate substantial revenue through crypto subscriptions sold to cybercriminals engaging in activities like password spraying attacks, financial fraud, identity theft,…

David Schwartz, known as @JoelKatz on the X platform (formerly popular as Twitter), the chief technology officer (CTO) at Ripple has published an enigmatic tweet that prompted an enthusiastic reaction of the XRP community. The tweet contains just two words but it has got the XRP army buzzing. Ripple CTO excites the XRP army with his tweet Schwartz posted just two words – “You AREsterdam.” Many commentators were puzzled, publishing comments as to what prompted the CTO to post that tweet. However, those who joined the discussion later, began writing “I Amsterdam” in response to show it is clear to…

Binance released an announcement stating it will delist FET, stirring FUD among holders. FET experienced a heavy price drop following the announcement, with crypto community members criticizing Binance. FET is down 8% following the announcement. Fetch.ai (FET) suffered a sharp decline earlier on Monday after the crypto exchange Binance sparked FUD with a misinterpreted announcement that it would delist FET. FET’s price dropped following the controversial announcement from Binance On Monday, FET was the subject of controversy after Binance announced it would delist the token on July 1. The timing and delivery of the message aroused fear, uncertainty, and doubt…

Today, Auradine, a Silicon Valley-based Bitcoin miner manufacturer, has strategically partnered with virtual power plant providers CPower and Voltus. The collaboration aims to enhance energy demand response and grid stability using Auradine’s EnergyTune technology. This technology allows Bitcoin miners to adjust their energy consumption in real-time. It could also reduce usage during peak demand periods and increase production during times of surplus. Auradine to Enhance Bitcoin Miners’ Efficiency with EnergyTune The initiative aims to support a more sustainable and flexible energy future by integrating demand response capabilities within the Bitcoin mining industry. Auradine’s EnergyTune technology and its collaborations with CPower…

With Bitcoin (BTC) hitting an all-time high of over $73,000 in March, much of the market consensus has focused on $100,000 as the next record price. This target could become a reality, according to an analysis by crypto trading expert TradingShot, who noted that Bitcoin may be on the brink of a major price surge. In a TradingView post on May 29, the analyst highlighted several insights suggesting that Bitcoin is entering the final and most aggressive phase of its current bull cycle, the parabolic rally. “Bitcoin (BTCUSD) is starting the final and most aggressive part of the current Bull…

The fundraise included a grant from the Foundation and external investment by Electric Capital. Nuffle Labs will use NEAR to offer rollups via NEAR’s Data Availability (NESR DA) and Fast Finally Layer (NFFL) products. NEAR Foundation, the non-profit steward of the blockchain ecosystem of the same name, has formed Nuffle Labs with $13 million in funding. The spinout is aimed at advancing NEAR’s modularity and bringing more decentralized development to the ecosystem, according to an emailed announcement on Thursday. “As an independent entity, Nuffle Labs will now be able to make agile decisions, ensuring that NEAR Modular products remain competitive,”…

HashKey Global, the digital asset exchange under HashKey Group, revealed on June 18 that it would list its native token, HSK, in the third quarter of 2024. This listing aims to enhance the company’s ecosystem by offering new incentives and utilities for its users. HSK Token to Boost HashKey Ecosystem with Diverse Applications HSK’s introduction aims to create a synergistic environment where users can benefit from diverse opportunities within the HashKey ecosystem. From DeFi and GameFi to AI and the metaverse, the token’s versatile design supports various applications and services. Read more: Top 8 Centralized Exchange Tokens To Know About…

The cryptocurrency market is experiencing significant fluctuations, driven largely by the volatility of Bitcoin (BTC). Investors are eagerly anticipating a new all-time high above $73,750, yet Bitcoin has been consolidating between a broad horizontal range of $65,000 to $72,000 over the past few weeks. This high volatility raises questions among traders and investors alike about whether altcoins will rally and reach new all-time highs before the end of the second quarter. However, buyers are making efforts to sustain the crypto market at higher levels, which could act as a catalyst for altcoins like Zeebu to potentially rally and achieve new…

Binance announced that it will delist LINA/BTC Cross and Isolated Margin trading pairs at 09:00 on June 19, 2024. Binance Will Delist LINA/BTC Margin Trading Pairs on June 19, 2024 Important Dates and Actions June 18, 2024, 13:00 : Binance Margin will suspend isolated margin borrowing for the LINA/BTC pair. June 19, 2024, 09:00 : Binance Margin will close users’ positions, perform automatic settlement, and cancel all pending orders for LINA/BTC Cross and Isolated Margin pairs. These pairs will then be removed from the Margin trading platform. Users are recommended to take the following steps: Users must close their positions…