Making sense of crypto.
NBTCNEWS
Home»Author: NBTC(Page 8073)

Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Bitcoin Halving Draws Near with Only 1000 Blocks Left, Expected Within a Week

Only a few years back, only the primary crypto lovers (who believed in its revolutionary nature) celebrated the Bitcoin halving. However, the upcoming halving event has already obtained significant attention as the largest institutions based on Wall Street are adopting it. Formerly, just the earliest investors knew that it would prove a deflationary asset. Fourth Bitcoin halving is just around the corner now and coming closer fastly now. Less than a thousand blocks are remaining now and it will take only 6 to 7 days for miners to mine these blocks. Estimated date of $BTC halving is now 19th –…

Bitcoin

Ethereum Price Analysis: Future Outlook

The analysis of the price of Ethereum (ETH) is a recent and central topic in the world of cryptocurrencies, with experts actively discussing the future market dynamics. Recent developments have captured the attention of investors: the possibility that the price of Ethereum reaches 4,500 dollars before the approval of ETH ETFs and the future implications of the approvals of spot Ether ETFs. Ethereum: short-term price outlook and the analysis of the impact of the ETF Global competition and regulatory outlook Ethereum: short-term price outlook and the analysis of the impact of the ETF Arthur Cheong, founder of DeFiance Capital, has…

Ethereum

Big Shiba Inu DEX Arrives on Shibarium: Details

ShibaSwap, the prominent decentralized exchange (DEX) for Shiba Inu, has migrated to the ecosystem layer-2 blockchain Shibarium. Shiba Inu content marketing specialist, Lucie, announced the development in a recent post on X. Until now, ShibaSwap was solely a DEX on Ethereum. However, the Shiba Inu development team has confirmed the migration of the DEX to Shibarium, which comes eight months after the blockchain debuted. According to the notification, this move signifies a notable stride in the progression of ShibaSwap. It brings fresh opportunities within the Shibarium blockchain ecosystem. 1️⃣ 🦊 Exciting News! Decentralized Exchange #ShibaSwap Moves to #Shibarium, Bringing New…

Altcoins

A GameFi Milestone with New Economic Model

Matr1x, a trailblazer in Web3 gaming and esports, announces the launch of its Apollo Program, marking a significant advancement in GameFi economics. This event features a massive airdrop of 50 million $MAX governance tokens and introduces exclusive top-tier weapon skin NFTs, revolutionizing the gaming ecosystem. — Inspired by the historic Apollo Moon Landing, the Apollo Program integrates traditional gaming mechanisms with Web3’s play-to-own concept. This approach tackles the sustainability issues plaguing many GameFi models, which often struggle with maintaining a balance between token generation and consumption. By offering strategic options beyond mere token farming, Matr1x’s innovative case opening mechanism aims…

GameFi

Miners trudge through post-halving world

May 28 - With mining rewards halved, mining difficulty elevated and the shiny new bitcoin exchange-traded funds (ETFs) stealing investor capital, it's been a tough year for bitcoin miners. Marathon Digital (MARA.O, opens new tab and Riot Platforms (RIOT.O, opens new tab, among the biggest U.S.-listed miners, have dropped about 10% and 33% respectively so far this year, even as bitcoin has climbed 60% year-to-date to $67,859, after hitting a record level in March. Mining stocks closely track bitcoin as a higher price boosts their profits margins. However, market analysts said the launch of the 11 bitcoin ETFs at the…

Mining

3 stages to watch ahead of parabolic breakout

Bitcoin (BTC) surprised investors after dropping to as low as $65,000 in the last 24 hours amid the ongoing short-term market sell-off. The sudden price drop has seen Bitcoin encounter significant resistance at $68,000, barely a week before the halving event. In line with this development, crypto trading analyst Rekt Capital, in an X (formerly Twitter) post on April 12, identified three stages revolving around the halving event that can help investors capitalize for maximum profits. Final pre-halving retrace According to the analyst, this first level has already occurred, characterized by a downturn in Bitcoin’s price as investors adjust their…

Bitcoin

Ethereum’s Fragmentation Raises Concern as Rivals Gain Ground

Cyber Capital founder and CIO, Justin Bons recently voiced skepticism over the viability of Ethereum’s Layer-2 (L2) scaling solutions, arguing that the UX compromises are too steep a price to pay. He also highlighted the millions of dollars lost in bridge exploits as a critical vulnerability within Ethereum’s L2 infrastructure. Ethereum's "L2 scaling" UX trade-offs are undefendable: pic.twitter.com/xq52tLH5ck — Justin Bons (@Justin_Bons) May 26, 2024 While Ethereum has turned to sharding as a potential solution to its scalability limitations, Bons contended that this approach has led to a fragmented ecosystem that poses significant challenges. A user commented that the likelihood…

Ethereum

Circle’s USDC pulls ahead of Tether’s USDT in transaction volume — Visa

Circle Internet Financial’s stablecoin, USDC, has surpassed Tether’s USDT as the market leader in transaction volume this year, according to data compiled by Visa Inc. in partnership with Allium Labs. The adjusted stablecoin metric, which aims to reflect the state of the stablecoin market while minimizing potential distortions from inorganic activity and artificial inflationary practices, shows USDC’s growing market share since the start of 2024. Last week, USDC recorded $456 billion in transaction volume compared to $89 billion for USDT, with USDC accounting for 50% of total transactions since January. This finding challenges the common perception that USDT is the…

Altcoins

Secures 200 MW for Bitcoin Mining

Expansion allows Bitfarms to manage 528 MW, leveraging existing infrastructure to reduce costs per megawatt. Amidst expansion, former CEO Geoffrey Morphy sues Bitfarms for $27 million over alleged contractual breaches. Despite regulatory uncertainties in Paraguay, Bitfarms, a Bitcoin mining company listed on both Nasdaq and the Toronto Stock Exchange, has successfully secured an additional 100 megawatts (MW) of electricity from Paraguay’s state-owned power company, Administración Nacional de Electricidad (ANDE). This development comes as lawmakers in Paraguay deliberate on potentially banning mining activities related to the cryptocurrency. Bitfarms announced on its official website that this new allocation of power would double…

Mining

Edward Snowden is not worried about Bitcoin prices dropping 

With visible panic on social media after yesterday’s $900 million liquidation across the crypto market, Edward Snowden remains unfazed. The overall crypto market cap has fallen by nearly 5% since yesterday, and the meme coin market has fallen by 13%. Bitcoin dropped to $65,000, with daily trading volume soaring to 60%, indicating a wider sell-off from investors. Bitcoin ETFs also saw a net outflow of $55 million yesterday. However, Snowden — a computer intelligence consultant and whistleblower famous for leaking classified information from the National Security Agency — took to social media to dismiss this panic. In a short tweet,…

Bitcoin