Author: NBTC

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.

Michael Saylor Breaks Silence on Bitcoin Price In Connection to Halving

Michael Saylor, founder of MicroStrategy business intelligence giant, has hinted at a massive surge in the BTC price after the halving takes place. In this case, he turned to how the events developed after the previous halvening in 2020. He also published a celebratory tweet once the halving finally happened. Saylor points to clear correlation between BTC price and halving Founder and former CEO of the above-mentioned business giant, who is now in charge of its Bitcoin strategy, took to the X platform to hint that he expects the Bitcoin price to see a tremendous boost after the fourth BTC…

BitcoinMay 14

Ghana’s Vice President Says His Government Aims to Become the First to Be Powered by Blockchain

The Ghanaian government’s next phase in its digitalization drive is set to be the adoption of blockchain technology, according to the country’s vice president. He stated that his administration aims to become one of the few governments worldwide powered by blockchain, and the first in Africa. A Blockchain-Powered Government The Vice President of Ghana, Mahamadu Bawumia, has stated that the adoption of blockchain technology is set to be the next phase of his government’s digitalization drive. Bawumia argued that the adoption of this technology will not only ensure government data and records are tamper-proof but will also make his administration…

BlockchainMay 14

Bitcoin halving cuts new supply in half, what does it mean?

In the early hours of Saturday (GMT), the crypto world witnessed the highly anticipated fourth Bitcoin halving event. This significant occurrence has reduced the new supply of Bitcoin by half, now producing only 3.125 new coins every 10 minutes, down from the previous rate of 6.25. OFFICIAL: #BITCOIN BLOCK REWARD HALVED TO 3.125 #BTC! 🎉 pic.twitter.com/QWIlvFvQ3f — Bitcoin Magazine (@BitcoinMagazine) April 20, 2024 This reduction equates to nearly $30 million worth of Bitcoin that will no longer be entering the market each day, setting the stage for potential price increases if demand remains steady or grows. Past halving boost optimism…

BitcoinMay 14

'Boden' Memecoin Surges After Trump Quips About It

The old saying "any publicity is good publicity" appears to hold true for memecoins. Even the flimsiest kind of publicity. Jeo Boden {{BODEN}}, a joke crypto token named for a mispronunciation of U.S. President Joe Biden's name, surged as much as 25% Wednesday after his Republican challenger, former president Donald Trump, responded to a reporter's question about it. "I don't like that investment," Trump said at an impromptu press conference at his Mar-a-Lago resort in Palm Beach, Florida, after a reporter described BODEN to him and said it had a $240 million market capitalization. After peaking at $0.42, BODEN fluctuated…

AltcoinsMay 14

Shutdown Partners With Immutable zkEVM To Bring Rogue AI Shooter Game Shutdown To The Blockchain

May 2024 – AI gone-rogue Web3 game Shutdown has announced its partnership with Web3 gaming platform, Immutable. The partnership will see Shutdown launch on Immutable zkEVM, powered by Polygon. Built by Garage Studios, Shutdown is an action-packed We’ve shooter game set in a dystopian universe where AI has gone rogue. Players engage in fast-paced battles against virtual opponents as humans fight for what is left of the universe. Immutable is at the forefront of Web3 gaming. The platform brings the best of digital ownership to every developer by making it safe to build and publish on the blockchain. Players also…

GameFiMay 14

How Long Does It Take for Bitcoin Price to Recover After Halving?

The BTC price usually drops prior or soon after the halving event. The question is how long it would take for Bitcoin to bounce back. Bitcoin mining is the process by which transactions are verified and added to the blockchain through computational work. Miners play a crucial role in maintaining the integrity, currency and immutability of the blockchain ledger. As a reward for their efforts, miners receive newly created Bitcoins. Since Bitcoin's inception, there have been four halving events, with the latest occurring April 19, 2024. Around each event there was a minor drop in the BTC price. Reduced rewards…

BitcoinMay 14

What are the Important Altcoin Events in the Next Two Months? Here are the Dates

In its latest post, cryptocurrency analysis company Layergg shared a list of altcoin projects that will release tokens, mainnets or testnets in the coming days and months. The tokens of some of the projects in question have been awaited by the cryptocurrency community for a long time, and their impact can be great when they are released. Token Creation Events May: EigenLayer – Token Creation Event May: zkSync – Token Creation Event (Rumor) May: Blast – Token Creation Event May: Sure – Sure Public Sale May: Zircuit – Score Farming Continues May: Avail – Token Creation Event May: Ionet –…

AltcoinsMay 14

Bitcoin fees above $100 for the first time; Sell-off incoming?

Bitcoin (BTC) average transaction fees crossed the $100 mark for the first time on April 20, following the halving event. As transaction costs rise, the majority of investors are either holding dust or unable to withdraw from exchanges. Notably, Finbold retrieved data from mempool.space showing average Bitcoin fees of $105.69 paid in the last 24 hours. In BTC measures, users paid 166,150 sats or 0.00166150 BTC per transaction, on average, during this period. Furthermore, Bitcoin miners mined the last four blocks with a fee rate above 1,072 sat/vB, translating to $100 for small Segwitt transactions. Sat (or satoshis) is Bitcoin’s…

BitcoinMay 14

Ripple (XRP) Partner SBI Established a Partnership with a New Altcoin, Price Moved!

According to The Block, Japanese banking giant SBI Holdings has partnered with a new altcoin. This altcoin became the popular fan token Chiliz (CHZ). Accordingly, SBI Digital Asset Holdings, the crypto asset arm of Japanese securities and banking giant SBI Holdings, announced its partnership with Chiliz (CHZ) to expand the sports fan token ecosystem in Japan. In their joint statement, SBI and Chiliz team stated that they plan to establish a joint venture in the country to provide local fans in the country with access to the tokens of popular football clubs such as Manchester City and AC Milan. SBI…

AltcoinsMay 14

2024 Bitcoin Halving Completed: What Now?

The cryptocurrency market has recently witnessed the 2024 Bitcoin halving, an event that significantly reduces the reward for mining BTC by half, aimed at limiting its new supply. This pivotal event, the fourth since Bitcoin’s creation, has stimulated extensive discussions about its implications for miners, investors, and the broader market landscape. Bitcoin Miners Upgrade As the block reward halved from 6.25 BTC to 3.12 BTC, miners initially face significant challenges. Omar Lopez, Founder of Cripto It Club, shared with BeInCrypto that a portion of the miners will be compelled to shut down their operations as continuing becomes economically unfeasible. Some…

BitcoinMay 14