Author: NBTC

It was no secret that miners would see their BTC production numbers decline in the first full month after the Bitcoin halving. After all, that is the reality of the event that occurred on April 19. Per-block mining rewards were systematically slashed from 6.25 BTC to 3.125 BTC. But some companies saw bigger drops in BTC production than others, with one in particular appearing to win the month (in this category, at least). Bitcoin mining giant Marathon Digital mined 616 BTC in May, leading its biggest publicly traded competitors. The company actually saw a 32% month-over-month increase in the number…

OTB, the international fashion and luxury group that owns brands like Jil Sander, Maison Margiela, and Marni, announced Wednesday that it will provide blockchain-based digital authenticity certificates for all products from those labels starting with the Fall/Winter 2024/2025 collections. The certificates utilize blockchain technology and an NFC (near-field communication) chip embedded in each garment or accessory. This allows customers to verify a product’s authenticity by scanning the chip with their smartphone, accessing a tokenized certificate that’s stored as an NFT on a blockchain network. “This is an important advance in the OTB innovation process, because it enables us to guarantee…

Costa Rica is currently deliberating a proposed crypto law that may restrict its citizens’ ability to use Bitcoin for everyday transactions. Jan3, a prominent Bitcoin technology firm, disclosed this development regarding the Latin American nation. Costa Rica Debates Legal Use of Bitcoin Jan3 stated that the absence of comprehensive legislation governing the country’s crypto ownership, trading, and investment impacts the ongoing debate. The firm noted that the key concerns revolved around effective Know Your Customer (KYC) and Anti-Money Laundering (AML) practices in the emerging industry. However, amidst these debates, there is a sense of optimism regarding the potential for robust…

The search for innovative yield strategies in the decentralized finance (DeFi) ecosystem sent the on-chain borrow excess to $11 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This represents a two-year peak, which was propelled by Ether.fi and Ethena. Ether.fi’s eETH and Ethena’s USDe have soared to $6.4 billion and $3.2 billion in supply, respectively. Ether.fi’s eETH, integral to the EigenLayer ecosystem, now totals 1.7 million tokens. Meanwhile, Ethena’s USDe has climbed to become the fourth-largest stablecoin. Image: IntoTheBlock DeFi protocols have issued over $11 billion in loans, marking a two-year high. Aave’s V3 protocol is nearing a borrowed funds milestone…

Crypto startups captured $777 million in investments from venture capital (VC) funds in May, according to data aggregator DefiLlama. This is a 17% slide from the total amount netted in April, and the second consecutive month of VC capital slowing down. Projects focused on building blockchain infrastructure received $630 million last month, representing 81% of the total amount raised in the period. However, this is $100 million less than the total capital flows directed to this sector in May. Farcaster registered the largest infrastructure-related funding round in the period, with $150 million in investments coming from names such as Variant…

Coin98, a leader in blockchain solutions, has recently integrated ZKFair, a community-driven Layer 2 solution, to enhance its multi-chain capabilities. This strategic move optimises transaction speeds, reduces costs, and improves scalability across various blockchain platforms, ensuring a seamless and efficient user experience. ZKFair, recognised for promoting fairness and equity in blockchain transactions, operates on the Polygon CDK and Celestia DA frameworks and is governed entirely by its community. We’re excited to announce the integration of @ZKFCommunity, the first community-driven ZK-L2, ensuring users benefit from seamless, cost-effective, and high-performance multi-chain experiences.Learn more 👉 https://t.co/qR9ASxnOUX pic.twitter.com/FiDmQ9LUa8 — Coin98 Super Wallet (@coin98_wallet) June…

TeraWulf’s stock surged in Tuesday’s session after the mining firm released its monthly production update for May, the first full month since the latest Bitcoin halving event. The company mined 186 bitcoin in May, with an average production rate of approximately 6.0 bitcoin per day. TeraWulf said installed and operational self-mining capacity reached approximately 8.0 EH/s, representing an 82% year-over-year increase. The company averaged $31,239 per bitcoin self-mined in May, reflecting an approximate rate of $0.039/kWh. Bitcoin halvings are programmed to occur automatically roughly every four years. After a halving event, miners receive 50% fewer bitcoins as a subsidy reward…

The recent price rallies in the crypto market have come as opportunities for several investors. Lookonchain (a famous on-chain analytics provider) has disclosed a case where someone made $10M from $9,770 just in twenty-four hours, showing a 1,025x increase. The respective profit is huge in its amount and raises the eyebrows of the market onlookers. He invested in $Gummy. Some speculations say there might be some inside job behind this development. Sniper or insider?This guy turned $9,770 into $10M in just 1 day, a gain of 1,025x!12 minutes before $GUMMY was deployed, this guy withdrew 65.23 $SOL from #MEXC.Then spent…

Stream has reportedly started a new collaboration. As per the reports, it has partnered with Azarus (a prominent Web3 layer that offers game streaming services) to combine the communities of streaming as well as gaming sectors. Azarus operates as an open platform providing interactive, live, and open digital experiences to expand content engagement. Stream Collaborates with Azarus, Joining the Streaming and Gaming Communities Azarus occupies an important place in the market by using the interactive overlay facility. Entities like Twitch utilize this feature for playable ads. With this technology, Azarus has distributed more than $2 million in rewards. In addition…

Bitcoin price is showing a few positive signs above the $68,500 resistance. BTC must settle above the $70,000 resistance to continue higher in the near term. Bitcoin is eyeing a steady increase above $69,500 and $70,000 levels. The price is trading above $68,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $68,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $68,000 support zone. Bitcoin Price Holds Support Bitcoin price started a decent increase above the…