Author: NBTC

Bitcoin miners have faced significant underpayment since mid-June, according to metrics from cryptoquant.com. As of now, the estimated value of 1 petahash per second (PH/s) of hashrate remains notably low at $47.79 per PH/s. Despite the revenue decline, Bitcoin’s hashrate is still just under the 600 exahash per second (EH/s) mark. Bitcoin Miners’ Earnings Plummet; Difficulty Retarget Increase Still Expected Currently, bitcoin miners are struggling, and data from cryptoquant.com indicate that they have been “extremely underpaid” since June 16, 2024. The most challenging day for miners was July 6, with Luxor’s Hashprice Index showing the estimated value of 1 PH/s…

Bitcoin (BTC) still holds the $58,000 price level as a key area to flip its choppy moment, according to the trader who identifies himself as Altcoin Sherpa. This area is BTC’s exponential moving average of 200 days (EMA 200), and the price must close above it in “higher timeframes” so Bitcoin can chase $63,000. “Can’t break it, we test the low 50ks. Wait and see mode now,” added the trader. Bitcoin daily chart with 200d EMA. Image: Altcoin Sherpa/TradingView Bitcoin tried to fly higher today, as reported by a fellow trader identified as Rekt Capital, who posted on X that…

The leading cryptocurrency Bitcoin has fallen to $ 53,500 in recent weeks due to sales pressure caused by Mt.Gox refunds and German government sales. However, with the upward momentum that started over the weekend, BTC rose above $ 59,000 this week. While BTC moved above $ 58,000, critical inflation data expected from the USA and applications for unemployment benefits were announced. Here is the announced data: Consumer Price Index Monthly: Announced -0.1% Expected 0.1% – Previous 0.0% Consumer Price Index Annual: Announced 3.0% – Expected 3.1% – Previous 3.3% Core Consumer Price Index Monthly: Announced 0.1% – Expected 0.2% –…

Terraform Labs and its founder Do Kwon have agreed to a tentative settlement with the US Securities and Exchange Commission (SEC). According to court documents filed on Thursday, the Singapore-based crypto entity and Do Kwon had reached the agreement with the US regulator to settle the fraud case on May 29. The development follows a recent court ruling that found Do Kwon and Terraform Labs guilty. Terra (LUNA) token rockets 30% on news Terra (LUNA) and Terra Classic (LUNC) prices jumped amid the news, with the LUNA token the biggest gainer as its value rose more than 30%. According to…

SKALE Network, the leading Layer 2 Dapp platform has announced a major update: The launch of SKALE Pacifica V3. This new release represents a significant improvement in the network infrastructure, with many improvements to its developers and user-facing experience. By building Pacifica V3, the new SKALE release has attempted to tackle two of blockchain technology’s major issues as for scalability and transaction efficacy. The updated includes improvements which increase block mining speed by 108% and transaction throughput by 122%, cementing SKALEs place at the forefront of blockchain innovation. This not only speeds up the network, it changes how predictable and…

Marc Andreessen just tossed $50,000 at an AI bot, and as any good tech leader would, he paid in Bitcoin. The Silicon Valley mogul and Andreessen Horowitz co-founder decided to play Santa Claus with cryptocurrency, gifting a tidy sum to an AI agent on X (aka Twitter) called the “Truth Terminal.” This isn’t your average AI bot. It operates in a twilight zone of semi-autonomy, with its human handler merely approving its Twitter posts and deciding who it gets to interact with. Somehow, this digital smooth-talker managed to negotiate itself a tidy sum after a chat with Andreessen. “Why don’t…

Larry Fink recently commented positively about tokenization, and soon Ethereum ETFs will be launched. These factors have caused a lot of interest in the Real-World Assets (RWA) narrative. RWA is an abbreviation for real-world assets which means making them available and exchangeable through blockchain networks. In 2023, this idea was widely adopted. However, its popularity within crypto conversations has been unpredictable this year. “The next step is tokenisation of financial assets”With Larry Fink quoted as bullish on tokenisation, and Ethereum ETF launches imminent –Is the RWA narrative still under the radar?Let’s look at the data so far 👇First, let’s check…

TaskOn, a prominent platform expediting the accomplishment of diverse Web3 tasks, has recently made another integration. As per the platform, it has integrated with NibiruChain (a well-known cutting-edge ecosystem for smart contracts) to enhance its capabilities and increase access within the Web3 world. The platform took to its official account on X to disclose the details regarding the integration. 🎉 #TaskOn has successfully integrated with @NibiruChain, a smart contract ecosystem with a high-performance, EVM-equivalent execution layer (Nibiru EVM) for decentralized apps (dApps) and builders.🤝 As TaskOn has been selected as a grantee of the Nibiru Grants Program, we are… pic.twitter.com/5cPnNaok7e…

Bitcoin price struggled to clear the $59,500 level. BTC is moving lower and now at risk of more downsides toward the $56,000 level. Bitcoin started another decline from the $59,475 resistance zone. The price is trading above $57,200 and the 100 hourly Simple moving average. There was a break below a key bullish trend line with support at $57,900 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair might start another major decline if it fails to stay above the $57,200 support. Bitcoin Price Faces Trouble Bitcoin price extended its recovery wave above the $57,500…

Robert Kiyosaki, the prominent investor and the author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has been making his opinions on finance and various kinds of assets well-known through his frequent X posts. Ever an enemy of fiat currency – currency he often simply describes as ‘fake money’ – Kiyosaki is also something of a stock market, and economy bear as he has made repeated warnings that the entire system is bound for a major crash As an entrepreneur, however, he generally sees recessions as major investment opportunities as various quality assets become comparatively cheap. Kiyosaki has…