Author: NBTC

As the cryptocurrency community braces for the upcoming Bitcoin halving, well-known gold investor and cryptocurrency skeptic Peter Schiff has once again voiced his dissent. Taking to X, Schiff has argued that the halving, a process that cuts the reward for mining Bitcoin transactions in half, is overhyped. He has pointed to the fact that it merely reduces the growth rate of the new Bitcoin supply rather than the existing supply itself. The supply of #Bitcoin will not be cut in half by the #Halving. Over ninety percent of the Bitcoin supply already exists. The only thing cut in half is…

Ethereum’s price has been correcting over the last few weeks following a decisive rejection from the $4,000 resistance level back in March. Yet, the market might be about to make a U-turn. Ethereum Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the price has been forming a large descending channel pattern since the beginning of the correction. The lower boundary of the channel has recently been tested and pushed ETH to the upside. The market has also held above the $3,000 support level, and investors are hoping for a rally toward the $3,600 resistance zone in…

Solana, the fifth-largest cryptocurrency by market capitalization, has emerged as a standout performer in the first quarter. On-chain analytics firm Messari released an insightful Q1 report detailing this growth. Per Messari’s “State of Solana Q1 2024,” Solana’s average daily spot DEX volume skyrocketed by an astonishing 319% to $1.5 billion over the last quarter as DeFi volume grew. .@solana has become the home for retail users.QoQ Metrics- DEX Volume ⬆️ 332%- Revenue ⬆️ 597%- Total raised in ecosystem ⬆️ 51%- Market cap ⬆️ 97%Check out the full Q1 report by @ph0rt0n 👇https://t.co/hYA1d2ZPY6 pic.twitter.com/egpv6U9Rl8 — Messari (@MessariCrypto) April 5, 2024 Meme…

Nigeria wants the Binance executive who custody and fled to Kenya to be extradited. Local media outlets have reported that Nigerian government officials are expecting Nadeem Anjarwalla to be returned to the country within the week. Nadeem Anjarwalla, an executive at crypto exchange Binance who recently escaped Nigerian custody, has been located in Kenya and faces extradition, multiple local media outlets have reported. Nigerian authorities have found Anjarwalla in Kenya and are working with Kenyan authorities to bring the executive back to the country, Nigeria’s Daily Post reported last week, citing government sources. Nigerian newspaper The Punch reported on Monday,…

Bitcoin miners may shift towards AI due to the potential for higher revenue, CoinShares said. The average bitcoin production cost post-halving is about $53,000. Some miners are actively managing financial liabilities and are using excess cash to pay down debt, the report said. Crypto miners may shift towards artificial intelligence (AI) in energy-secure locations following the bitcoin (BTC) halving due to the potential for higher revenue, CoinShares (CS) said in a report on Friday. The quadrennial halving, which slows the rate of growth in bitcoin supply by 50%, occurred on Friday evening. Coinshares notes that mining companies like BitDigital (BTBT),…

CoinLedger predicts Bitcoin price could reach $360,000 one year after its 2024 halving, based on an analysis of price movements following previous halving events. According to the findings shared by the crypto tax service provider CoinLedger, the study focused on the outcomes of past halving events to estimate Bitcoin’s future price. By averaging the post-halving price increases observed in 2012, 2016 and 2020, CoinLedger provided a forecast for Bitcoin’s potential valuation in the year following the scheduled 2024 halving event. Price Prediction 3 and 6 Months Post Halving “In 2016 the price on the halving day was $650; after three…

Synthetix is excited to expand its cryptocurrency derivatives offerings by launching twelve new perpetual futures markets on its Base platform. The markets now feature high-profile digital assets such as Optimism (OP), Ethena (ENA), Avalanche (AVAX), BNB (BNB), Thorchain (RUNE), Polygon (MATIC), Arbitrum (ARB), Bonk (BONK), Doge (DOGE), Fantom , Pepe (PEPE), and Ordi (ORDI). Approvals for these markets came through SIP-373 and SIP-376, with detailed trading parameters set forth in SCCP-323. Access New Perpetual Futures on Synthetix Directly Exclusively on Synthetix Perps on Base, traders can access these markets directly through integrations with platforms like Kwenta. This allows for seamless…

After the spot Bitcoin ETFs approved by the SEC in January, all eyes turned to Ethereum ETFs. While it was considered certain that ETH ETFs would be approved in the first months, this possibility has decreased recently. While most analysts think that the SEC will most likely not approve Ethereum ETFs in May, a comment about ETH ETFs came from ETF analyst Nate Geraci. Sharing from his X account, Geraci stated that the general opinion in the market is that Ethereum ETFs will not be approved in May and that he agrees with this idea. At this point, ETF Store…

Solana (SOL) has seen the biggest losses in the top 10 cryptocurrencies by market cap today, down about 7% in the past 24 hours according to data CoinGecko, as congestion issues plague the network. The coin is down about 6% over the past week and is now priced at $175. But the fifth-biggest digital asset by market cap isn’t the only one suffering: some of the prominent tokens that run on its network have been hit even harder. Wormhole (W), which held its airdrop earlier this week, has been rocked the hardest and is down by 17% in the past…

The multi-year legal tussle between the U.S. SEC and Ripple is approaching a final resolution as the remedies stage of the lawsuit edges close to an end. According to the court’s scheduling order, Ripple will file its reply to the SEC’s opening remedies-related brief today, April 22, 2024. Procedures of Ripple’s Upcoming Opposition Brief While Ripple is expected to submit its remedies-related opposition brief in the U.S. District Court for the Southern District of New York (SDNY) today, the filing will remain sealed until April 24, when a redacted version of the motion will be filed in the public docket.…