Author: NBTC

The Bitcoin halving, a significant event in the world of Bitcoin, is drawing near and is anticipated to occur next week. Bitcoin is intentionally designed to have a maximum supply of 21 million coins. This is to prevent inflation and ensure that the currency remains scarce. For day-to-day bitcoin holders, the halving will have little or no impact on their lives. However, for bitcoin miners, the halving will reduce the rewards they earn for their work from 6.25 bitcoin (BTC) to 3.125 BTC. This means that bitcoin miners will inevitably receive a revenue cut following the event, and less efficient…

The 7-day moving average of the change in the amount of USDT held on exchanges has exceeded $568 million, the highest level this year. This is an excerpt from The Block’s Data & Insights newsletter. Exchanges are holding more of Tether’s USDT. The 7-day moving average of the change in the amount of USDT held by exchanges reached $568 million at the beginning of this month, the highest level observed in a year. The moving average has remained positive since the beginning of February, indicating that exchanges’ USDT holdings are constantly increasing. Exchanges’ USDT balances generally grow either if more…

The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine’s premium markets newsletter. To be among the first to receive these insights and other on-chain bitcoin market analysis straight to your inbox, subscribe now. As Hong Kong’s Bitcoin ETF is fast approaching, new applications have come in from an unexpected source: some of the biggest traditional asset managers in Mainland China. Hong Kong’s new ETF has been in the making for several months now, and it’s been attracting no small amount of interest in the digital asset space worldwide. Not only is its in-kind generation…

Shibarium, the layer-2 scaling blockchain of Shiba Inu, is set to undergo a hard fork in the next few days to improve the experience of the community and developers. On Thursday, the Shiba Inu team announced this new development via its official X account. According to the notification, the upcoming technical advancement for Shibarium will be a transformative upgrade that brings to life a variety of functionality specifically intended to improve user experience and further empower innovators. 🧵 1/ SHIBARMY, we are on the brink of a transformative upgrade for Shibarium. Through an upcoming hard fork expected to go live…

Kaspa mining accelerates, indicating that big pools boost the hashrate with powerful machines. The Kaspa L1 network aims to provide security, proof of work, and instant transaction validation. A higher hashrate will make Kaspa transactions more secure. Kaspa’s hashrate expanded to nearly 300 PH/s, which is still a fraction of Bitcoin’s hashrate. The rate is still nearly 20 times larger than Ethereum Classic’s, making it more difficult to attack. What I think is going on with Kaspa Hashrate 🪡🧵The initial hashrate increase from December-March was largely retail driven. Thousands of Kaspa fanatics buying 1-2 KS0’s or hosting some KS3’s and…

Bitcoin Runes token DOG•GO•TO•THE•MOON (DOG) ascends as the 9th largest memecoin by market cap. According to the latest data, 72.5K holders hold DOG tokens. Bitcoin Runes-based memecoin DOG•GO•TO•THE•MOON (DOG) hits $500 million market cap following announcements of its listings on four notable centralized exchanges (CEXs) within the last 24 hours. This surge has catalyzed DOG to join the top 10 memecoins by market cap. Notably, DOG stands on the ninth spot, with two hyped Solana-based memecoins — Book of Meme (BOME) and Cat in a dogs world (MEW) — ahead in the rankings. According to data on MagicEden, at press…

Paraguayan authorities detected and shut down an illegal bitcoin mining farm that had over 2,700 miners connected directly to the country’s power grid. The operation, carried out in the city of Saltos de Guaira and situated near a national power facility, was deemed by authorities as the largest operation of its kind. Paraguayan Authorities Bust Illegal Bitcoin Mining Farm, Pull the Plug on Over 2,700 Miners Paraguay continues to crack down on illegal mining activities that siphon power from the country’s electric grid. In an operation executed in Saltos de Guaira on May 28, the Paraguayan National Power Administration (ANDE)…

Bitcoin’s price is yet to break above its recent high and create a new ATH. However, looking at the technical and fundamental signs, it might only be a matter of time. Bitcoin Price Analysis: Technicals By TradingRage The Daily BTC Chart Over the last month, the Bitcoin price has been trapped inside a large symmetrical triangle pattern on the daily timeframe. Yet, it is currently testing the higher boundary of the pattern, trying to push above the $70K level. If a bullish breakout from the triangle occurs, a positive continuation and, subsequently, a new all-time high would be highly probable.…

Ripple’s (XRP) latest whale actions have attracted the attention of crypto players. The entities have shifted more than 180 million coins in various transactions. The massive token transfers triggered speculations as they corresponded with crucial developments in the legal fight between the Securities & Exchange Commission and Ripple Labs. Judge Netburn issued a new order on the crypto firm’s bid to drop the regulator’s latest expert submissions. Ripple Whales on the move While XRP sees a momentum resurgence, dip-pocketed players have executed four transfers involving more than 180 million assets. The transactions included an accumulation of 26.67 million tokens from…

Bitdeer generated $100 million in proceeds from the private placement, which could grow to $150 million if fully exercised. Tether now has a unit specifically focused on investments in bitcoin mining. Stablecoin company Tether has agreed to purchase up to $150 million worth of shares in bitcoin (BTC) miner Bitdeer (BTDR). Bitdeer entered into a subscription agreement for the private placement of 18,587,360 Class A ordinary shares, generating $100 million in proceeds, according to an announcement on Friday. The agreement also includes a warrant to purchase an additional 5 million shares at $10 apiece, which will provide an additional $50…