Author: NBTC

A notable development has occurred in the Bitcoin (BTC) ecosystem, potentially signaling a significant shift in the asset’s availability and market perception. Nic Puckrin, the renowned CEO of Coin Bureau, recently highlighted a phenomenon on the Bitcoin market that could indicate an early supply shock, previously anticipated to occur post-halving. Puckrin’s observations, shared on X (formerly Twitter), point out a substantial accumulation of Bitcoin by spot Exchange Traded Funds (ETFs) in the United States, which has surpassed the rate at which new coins are being mined. According to the data he shared, there has been a cumulative net inflow of…

DeFi, which stands for Decentralized Finance, has the potential to change the way financial services are being offered by eliminating the roles of intermediaries such as banks and brokers. Blockchain technology is a decentralized, transparent platform where individuals can enter the system directly. Moreover, they do not need an intermediary during financial interactions with their peers. This change is not just a matter of transaction minimization. Besides, it will broaden the financial inclusion. DiFi has an important element—stablecoin, as showcased by the case of Tether (USDT). Instead, Tether uses the USD as a reference point, meaning the token’s value remains…

As the Web3 space becomes increasingly saturated with thousands of games and decentralized apps vying for user attention, the challenge of fostering community growth has never been more competitive. Addressing this, Wobbl3 is stepping up with its innovative viral growth solutions built on top of NFTs and tokens on the Enjin Blockchain. Wobbl3 offers no-code solutions that empower projects to incentivize their communities through valuable rewards for promoting, creating content, and referring new users. With advanced analytics, projects can effortlessly track performance and reward key community leaders in real time. Wobbl3’s formal entry into the Enjin Ecosystem marks a new…

According to Tara, a notable crypto market analyst, Ethereum (ETH) could be gearing up for rebound after reaching a previous target low set at the $2,960 price. Ethereum has been one of the victims of the ongoing market correction, having collapsed 23% from the $3,726 high on April 9 to a two-month low of $2,850 on April 13. Despite a mild rebound from this low, ETH remains in bearish territories, exhibiting choppy price movements in the battle to reclaim $3,000. In an analysis, Tara called attention to these price movements, suggesting that the bearish pressure could continue, eventually leading to…

With the latest Bitcoin halving set for tonight, the network underlying the world’s largest cryptocurrency is set to undergo its biggest change in years. Much has been prognosticated about how the shift will impact BTC’s price and the broader crypto market. But how will the halving impact Bitcoin’s controversial, oft-debated, and undeniably massive impact on the environment? The answer, it turns out, is complicated. By reducing BTC mining rewards by 50%, Bitcoin’s latest halving will once again move the goalposts on who can afford to direct immense amounts of electricity at creating new BTC, and who can’t. Once upon a…

IQ.wiki, the biggest crypto and blockchain encyclopedia, has announced its latest collaboration. As per the firm, it is onboarding its IQ GPT Chatbot to the community of Ankr Network. Ankr is a Web3 infrastructure providing platform. The company sees this onboarding as a remarkable step for its further progress. We’re pleased to announce that the leading AI assistant for Crypto & Blockchain, IQ GPT Chatbot, has been onboarded to @ankr’s community. pic.twitter.com/Pi9sPFKcXE — IQ.wiki (@IQWIKI) April 19, 2024 IQ.wiki Onboards Its IQ GPT Project on Ankr Network It stated that Ankr Network operates as a decentralized platform comprising nodes. It…

A closely followed analyst is predicting when Bitcoin (BTC) will reach its peak in the ongoing bull market cycle. In a new video update on YouTube, pseudonymous analyst Rekt Capital tells his 64,600 subscribers that based on historic precedence Bitcoin could hit a current cycle peak in late 2024 or early 2025. “If we were to look at history repeating, it comes down to a range of 266 days to 315 days, which means that we could peak in late November 2024 or late January 2025.” Source: Rekt Capital/YouTube However, the trader also says that the cycle may lengthen in…

In 2023, we said goodbye to Crypto Winter. Now, it’s time to say hello to a new era of DeFi Summer, this time centering on the most buzzworthy yet also durable trends: Bitcoin. With Ordinals proving demand, exchange-traded fundes (ETFs) providing access and Bitcoin scaling solutions emerging, 2024 is set to unlock the ~$1 trillion asset class in ways previously unseen. This op-ed is part of CoinDesk’s “Future of Bitcoin” package. The initial decentralized finance (DeFi) revolution in 2020 centered around smart contracts unleashing blockchain utility beyond the simple maintenance of a ledger and asset. It transformed the technology into…

This week, STEPN announced its collaboration with adidas to introduce a collection of NFT sneakers. This move-to-earn platform, renowned for gamifying wellness, has joined forces with the global sports brand to create a limited collection of generative NFT sneakers inspired by adidas’ iconic running silhouettes.—The 1000 STEPN x adidas Genesis Sneakers, co-branded with STEPN’s lightning bolt logo and Adidas’ signature three stripes, are minted on the Solana blockchain, ensuring each pair is unique. This drop marks the inaugural step in a year-long partnership between the two brands, promising a blend of physical items and digital products.According to Shiti Manghani, CEO…

At the Token2049 conference, blockchain experts debated the Ethereum chain’s current problems. Experts from the blockchain industry discussed the latest innovations and development opportunities during a panel discussion at the Token2049 conference in Dubai. The discussion participants also touched upon the Ethereum blockchain, which is considered the dominant smart contract platform. According to the panelists, Ethereum has scalability problems due to low transaction throughput, leading to high gas fees and network congestion. New blockchains are designed to become more scalable by increasing transaction speeds. You might also like: Ethereum Layer 2 networks to hit $1 trillion in 6 years, VanECK…