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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.

Why Did the Price Drop? How Will the Price Move After Halving? Analysts Announced Their Expectations!

Bitcoin and altcoins, which suffered a sharp decline after Iran's attack against Israel over the weekend, are trying to recover before the halving. However, as the tension between the two countries continued, Israel retaliated against Iran and launched a counter-attack at night. Negatively affected by the news of this attack, Bitcoin fell below $ 60,000 and Ethereum fell below $ 2,900. However, the market then recovered and BTC rose above $64,000 and ETH rose above 3,000. While there are only a few hours left until the Bitcoin Halving, these volatile movements in BTC and altcoins make investors nervous, while there…

Bitcoin

TON crosses $200 million in Total Value Locked as its network integration continues to scale

TON surpassed the $200 million mark in TVL on Monday. The Open League continues to strengthen TON's reach and integrations. The TON ecosystem is gaining relevance with more protocol integrations. In a recent development, the TON network surpassed $200 million in total value locked (TVL) on Monday after seeing a major boost through The Open League reward program. Read more: Ton Foundation partners with Hashkey to enable crypto on-ramping for Telegram wallet users TON's growth following The Open League reward program The TON network has attained a significant milestone by surpassing the $200 million mark in Total Value Locked (TVL)…

Altcoins

HashKey Capital Secures Dual Licenses for Retail Crypto Services in Hong Kong

The virtual asset management provider HashKey Capital Limited has secured both Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first licensed corporation to offer a complete suite of securities and virtual asset management and advisory services to retail investors in Hong Kong. Representatives of the company told Finance Magnates that this move aims to position HashKey Capital as one of the leading cryptocurrency firms operating in the region. The Type 4 license, obtained under license number BOP237, authorizes HashKey Capital to provide securities and virtual asset advisory services, subject to conditions such…

Exchanges

Russia Leads in Crypto Mining Capacity Growth, Surpassing US Rates

The Russian mining market is experiencing unprecedented growth. Experts predict that crypto mining volumes will increase by 20-40% by the end of this year. Local media Kommersant reports that Russia currently ranks second in terms of mining volumes, following the United States. However, the lack of industry regulation may negatively impact this situation. Crypto Mining in Russia is Still Profitable, but Will It Be Sustained? The domestic crypto mining market is expanding at a record pace and shows significant potential for further growth. Last year, Russian companies mined about 54,000 Bitcoin (BTC) worth $3.5 billion. Meanwhile, mining capacity reached 2.2…

Mining

Crypto fans count down to bitcoin's 'halving'

LONDON, April 19 (Reuters) - Bitcoin enthusiasts were eagerly waiting for bitcoin's 'halving' on Friday - a change to the cryptocurrency's underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin's code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Chris Gannatti, Global Head of Research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving "one of the biggest events in crypto this year". According to CoinGecko's countdown clock, the…

Bitcoin

Brad Garlinghouse Says Ripple is 100% Committed to XRP

Ripple CEO Brad Garlinghouse has dispelled doubts concerning the company’s dedication to XRP, the seventh-largest cryptocurrency by market capitalization. Garlinghouse reaffirmed confidence in Ripple’s alignment with and support for XRP, emphasizing that the company is steadfast in its commitment to the coin. The Ripple CEO made this known during a fireside chat at the just concluded XRP Las Vegas 2024 event. Recall that the XRP Las Vegas event was held on May 3 – 4, featuring lectures on different crypto-related topics, including Web 3.0 and TradeFi/DeFi. The event also included fireside chats with Garlinghouse and other prominent crypto stakeholders. 🚨HUGE!…

Altcoins

South Korea-based Bithumb Exchange Announced That It Listed These Altcoins in Spot Transactions!

Bithumb, one of South Korea's leading cryptocurrency exchanges, announced plans to list Bonk (BONK) and Zeta Chain (ZETA) on the Korean won market starting May 16, 2024. Bithumb to List Bonk (BONK) and Zeta Chain (ZETA) on Korean Won Market As part of the listing process, Bonk (BONK) trading will begin at 20:00, followed by Zeta Chain (ZETA) trading at 21:00. This move demonstrates Bithumb's commitment to expanding its trading offerings and providing its users with access to a variety of digital assets. Bonk (BONK) and Zeta Chain (ZETA) will join Bithumb's platform, offering users the opportunity to exchange these…

Exchanges

Will Change Litecoin and Dogecoin Mining?

Antminer L9 is coming, with a more powerful and energy-efficient way for Scrypt mining. This hashing algorithm is key for securing the Litecoin network, while also producing Dogecoin. Scrypt miners will face a price tag above $16K, but a chance for higher profitability in mining LTC and DOGE. Bitmain is still the main source of mining rigs, and its new models drove the arms race among miners. Proof-of-work blockchains are still a thing, and new rigs offer more energy efficiency with improved performance, to offset environmental concerns. Antminer L9 to Be Released by the End of May The new Antminer…

Mining

Ethereum ETH’s Price Slumps as Analyst Warns of More Bear Market Drops

Ethereum has experienced significant price fluctuations in the past few weeks, aligning with a broader crypto market decline. According to CoinStats data, Ethereum (ETH), the second-largest cryptocurrency, has seen a 7% decline over the past month and a 4% drop in the last seven days. ETH/USD 24-Hour Chart (Source: CoinStats) As of press time, ETH is trading at $2,900.37, reflecting a 1.48% decrease in the past 24 hours. This downward trend has also impacted Ethereum’s market capitalization, which now stands at $348,268,608,219, marking a 1.17% intraday decline. Furthermore, Ethereum’s trading volume has decreased to $12,024,693,712, showing a 2.23% drop in…

Ethereum

Shiba Inu's Shibarium Skyrockets 1,733% in Key On-Chain Metric

Shiba Inu's Shibarium, a layer-2 solution designed to enhance the functionality of the meme-inspired cryptocurrency, has experienced an astonishing surge in activity, registering a monumental 1,733% increase in new accounts within a single day. The data, sourced from Shibariumscan, reveals an unprecedented spike as the network welcomed 780 fresh accounts, a stark contrast to the 45 recorded just the day before. This surge in activity has also led to a significant rise in active accounts, soaring by an impressive 148%, from 977 to 1,453 within the same 24-hour period. The cause behind this sudden surge may fuel speculation, yet it…

Altcoins