Author: NBTC

Veteran trader Peter Brandt has made an epic new prediction about Bitcoin’s future value relative to gold. According to analysis, Bitcoin (BTC) is set to keep on going up against precious metal over the next 12 to 18 months. He foresees that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin’s current value compared to gold. Since its inception Bitcoin $BTC has gained against Gold. This chart shows the # oz. of $GC_F to buy one BTC. The ratio should chop for another 12 to 18 months…

Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitcoin Ordinals? In simple terms, Bitcoin Ordinals are digital collectibles created by inscribing content like art or media onto individual satoshis on the Bitcoin blockchain. Each inscribed sat is one-of-a-kind and can be owned, collected, and traded like a non-fungible token (NFT). Ordinals allow for the assignment of a unique number to each individual satoshi (sat), which…

Key Points: The 2024 ZKsync token airdrop faces issues due to bots mimicking real users. 3.675 billion ZK tokens will be distributed starting June 17, with claims open until January 3, 2025. ZK Nation announced that the 2024 ZKsync token airdrops will encounter significant challenges due to the presence of millions of bots operated by advanced industrial farms. ZKsync Token Airdrop Faces Bot Mimicry Challenges These bots exhibit behaviour patterns nearly identical to real users, rendering traditional activity-based airdrops ineffective for building sustainable communities. Despite acknowledging shortcomings in the ZKsync token airdrop design, ZK Nation believes the trade-offs made are…

According to a Sunday report by the Korea Times, South Korean cryptocurrency exchanges are set to reassess the listing status of roughly 600 cryptocurrencies. As part of the reevaluation process, the exchanges are supposed to task their in-house decision-making bodies with determining what digital assets could potentially face delistings. Potential delisting decisions will be made based on such factors as the state of the developer team behind the token, the level of security as well as regulatory compliance. Such reassessments will have to be conducted every six months, according to new requirements. Earlier this week, Regulation Asia reported that the…

While Bitcoin continues to consolidate in the $67,000-68,000 range, analysts generally think that BTC is giving a bullish signal and will rise in the short term. At this point, while analysts argue that US inflation data is important for the course of BTC, crypto options trader and market analyst Chang explained the negative factors affecting BTC. Speaking to Coindesk, analyst Chang said that macroeconomic developments may prevent Bitcoin from rising to higher levels. Stating that increasing bond yields pose a risk for Bitcoin, Chang said: “Bitcoin remains strong, but macro factors threaten BTC’s rise. Bond yields are highly unstable and…

This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of active buyers on Ethereum’s NFT space, with the number going up nearly 48% to reach 23,586. The network…

In 2024, several altcoin projects have secured substantial funding, showcasing growing investor confidence in the cryptocurrency market. These initiatives are also attracting attention for their financial backing and for their potential to drive innovation and efficiency in the industry. Largest Altcoin Fundraises Leading the charge is Monad, which has raised $225 million. This new Layer-1 blockchain is designed for speed and interconnectivity, boasting capabilities like 10,000 transactions per second, one-second block times, and single-slot finality. Monad’s EVM compatibility further improves its appeal, positioning it as a significant player in enhancing blockchain efficiency and scalability. Berachain has also made a notable…

South Korea’s financial authorities plan to reassess the listing of approximately 600 cryptocurrencies traded on domestic exchanges. This strict review aims to ensure compliance with new regulations under the Virtual Asset User Protection Act, effective July 19. Delisting Concerns Rise as South Korea Tightens Crypto Regulations Local media recently reported that the South Korean government has finalized a best practice plan for virtual asset transaction support. This plan outlines strict new requirements for listing cryptocurrencies on domestic exchanges. The current system, where exchanges conduct their own internal reviews, will be supplemented by a stricter review process established by the authorities.…

In a recent blog post, Ethereum cofounder Vitalik Buterin provided an in-depth analysis of one of Bitcoin’s most contentious historical debates. Buterin’s reflections are based on his readings of two prominent books on the subject: Jonathan Bier’s “The Blocksize War,” which offers a pro-small-block perspective, and Roger Ver and Steve Patterson’s “Hijacking Bitcoin,” which advocates for the big-block viewpoint. The Bitcoin block size war of the 2010s was a fundamental dispute over the direction and nature of Bitcoin’s scalability and utility. The central issue was whether Bitcoin should increase its block size limit from 1 MB to accommodate more transactions,…

WadzPay’s President Jason Sarria-Solis shares stablecoin insight for the project in an AMA. He reveals WadzPay’s future plans for launching its stablecoin to seamlessly move value. This reveal is in direct competition to Ripple’s similar mission with its stablecoin RLUSD. WadzPay’s President Jason Sarria-Solis recently addressed burning questions on the minds of the crypto community in an exclusive AMA. In detail, he talks about WadzPay’s venture into the stablecoin narrative. 🔍 AMA Highlights: WadzPay’s Venture into Stablecoins🔍In our recent AMA, WadzPay shared its bold vision for transforming digital payments through blockchain and stablecoins. With @Jsonsarriasolis at the helm of stablecoin…