Author: NBTC

While inflows into spot bitcoin ETFs and anticipation around the Bitcoin halving helped fuel BTC’s price rally in the first quarter, the asset may now need a new upward driver. Investor demand for the US bitcoin funds have stalled in recent weeks and “halving” headlines have slowed given the event came and went on April 19. Bitcoin’s price (BTC) was about $60,300 on Tuesday at 3 pm ET — down 13% from a month ago. The asset had seen a record seven consecutive months of price growth. That is set to end in April, a fate some segment observers had…

A monumental movement of Shiba Inu (SHIB) tokens to the KuCoin exchange has jolted the crypto world awake. Whale Alert, the ever-watchful eye on blockchain transactions, flagged an astounding transfer of over 1.4 trillion SHIB, translating to a market value of approximately $43.5 million. Originating from an enigmatic source, this transfer is not just a numerical feat but a narrative-rich event that potentially foreshadows a significant shift in the Shiba Inu market landscape. 🚨 🚨 1,407,941,951,453 #SHIB (43,508,926 USD) transferred from unknown wallet to #Kucoinhttps://t.co/nY3a5Me9sO — Whale Alert (@whale_alert) March 29, 2024 The market movements by crypto whales are akin…

The ongoing criminal case against CZ, the founder of Binance, the world’s largest cryptocurrency exchange, was concluded yesterday and CZ was sentenced to four months in prison. While US prosecutors requested a 36-month prison sentence for CZ, the court did not accept this request and gave CZ a much lesser sentence. CZ made his first statement after this sentence and thanked everyone who supported him during this process. “I want to thank everyone for your care and support throughout this process, whether it’s writing a letter, showing support at X, or any other way. They all mean so much to…

In April, bitcoin miners amassed the second-highest monthly revenue of the past year, following the unprecedented earnings in March. In total, they collected $1.79 billion, which, although $220 million less than the previous month, still exceeded the revenues of December 2023, which totaled $1.56 billion. Bitcoin Miners Recorded Strong Revenue Last Month On May 1, 2024, Bitcoin’s hashprice significantly decreased to approximately $44.97 per petahash, a sharp decline from $50 just two days prior. The hashprice represents the expected daily earnings from 1 petahash per second (PH/s) of mining power. Despite the downturn in hashprice, April’s revenue remained strong, marking…

In the evolving world of distributed ledger technology (DLT), the drive towards standardization has become a critical focus for enhancing system interoperability and security. The International Association for Trusted Blockchain Applications Standards Committee has recently highlighted the urgent need for standardized protocols through a comprehensive survey and ongoing research initiatives. The Role of Standardization in DLT The recent survey conducted by the association sheds light on the existing state of DLT frameworks and the disparate nature of current technologies. Standardization is defined as the process of developing and implementing technical standards to foster compatibility and efficiency across different systems and…

The integration marks a progressive step in improving liquidity and usability in zkSync, a layer-2 scaling solution for Ethereum (ETH) that uses zero-knowledge proofs to improve efficiency and reduce costs. The blog explains that in anticipation of the launch of its own USDC, the Ethereum-bridged form of USDC in block explorers such as the zkSync Era Block Explorer will be renamed USDC.e to distinguish between the upcoming USDC and its predecessor. According to Circle’s latest blog post, the upcoming native USDC on zkSync will usher in a new era of seamless transactions and integration options for both developers and institutional…

Hong Kong has emerged as a key player in the race to become Asia’s premier crypto hub, as it launched the region’s first spot crypto ETFs on April 30 with a day-one inflow of over $130 million across Bitcoin and Ethereum. To gain deeper insight into the implications of this milestone and Hong Kong’s evolving virtual asset landscape, CryptoSlate spoke with HB Lim, Managing Director of APAC for BitGo. Lim brings a wealth of regulatory and crypto industry experience to the conversation. Before joining BitGo, a leading institutional crypto custody provider, he was a director at Abu Dhabi Global Market,…

As summer looms, CryptoQuant warns that Bitcoin miners could face significant challenges ahead, particularly if prices fail to recover substantially during the warmer month. Despite Bitcoin‘s price dipping below the $58,000 mark and prompting weaker investors to sell at current levels, major capitulation among Bitcoin miners has yet to begin. CryptoQuant head of research Julio Moreno said in an interview with crypto.news that the network hashrate remains slightly higher than pre-halving levels, noting that miners “can still make a profit” with “relatively efficient equipment.” Moreno says the profitability is still can be seen in the break-even electricity price for ASIC…

PowerPod partners with Streamr marks a significant milestone in the quest for a greener and more interconnected electric vehicle (EV) travel network. By joining hands, they are working towards building solutions that streamline EV charging processes. In addition to this, it will enhance data sharing, and promote decentralized access to electric vehicle infrastructure. ⚡️Exciting times ahead for all⚡️ Our partnership with @Streamr is a big step towards a greener, more interconnected EV travel network. 🌿 We have started building solutions together for;🚗 Real-time data sharing across the PowerPod Network🗣️PowerPod node communication,… https://t.co/HKdxJMUDz8 — PowerPod (@PowerPod_People) May 1, 2024 PowerPod and…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. A viral video from the Mollars project founder raises critical questions about Bitcoin’s financial ethics and Satoshi Nakamoto, sparking widespread discussions. In the midst of the wild fluctuations and dramatic developments in the crypto market today, a new animated video has gone viral, capturing the attention of both enthusiasts and investors. The video, released by the founder of the Mollars project, has sparked widespread discussion over the 1 million Bitcoins Satoshi Nakamoto has in his ‘stash’ wallet. In the…