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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.

Is the End of Profitable Mining Near?

Bitcoin miners play a crucial role in maintaining the network’s security and functionality by verifying transactions and adding them to the blockchain. However, recent data suggests that these critical contributors are facing significant financial challenges. Julio Moreno, Head of Research at CryptoQuant, has highlighted a concerning trend: Bitcoin miners’ daily revenues have dropped to their lowest levels since November 2022, marking a troubling period for those dependent on mining rewards. According to Moreno, the miner profit/loss sustainability index has hit its lowest point since June 2021. This index measures the balance between the block rewards received by miners and the…

Mining

AltLayer Partners with Polyhedra to Enable Cross-Chain Interoperability for Rollups

AltLayer, a decentralized protocol that uses ZK technology to launch restaked and native rollups, has started a collaboration with Polyhedra. As per it, the partnership takes into account the integration of the zkBridge features of Polyhedra to enrich the secure and trustless cross-chain interoperability. In its recent post on X, the platform disclosed that AltLayer will work in the form of a node operator. Good News! AltLayer’s rollups will be integrated with @PolyhedraZK's zkBridge features – enriching trustless & secure cross-chain interoperability across 30+ L1/ L2 networks, & enabling devs to build more sophisticated dApps 🚀https://t.co/BcnLK30nUx pic.twitter.com/NlpPEcYCZ1 — AltLayer (@alt_layer)…

Blockchain

Bitcoin’s STH-Realized Price Signals Prime Buying Opportunity As BTC Price Dips Below $62,000

April has become a challenging month for Bitcoin, with the cryptocurrency sliding below its immediate support levels and nearing its weekly lows. The combination of macroeconomic and geopolitical issues has intensified the struggles for Bitcoin bulls throughout the month. Nonetheless, amidst these bearish conditions, a key indicator to monitor is the Short-Term Holder (STH) Realized Price. This metric points to a potential prime buying opportunity in anticipation of a bullish reversal. Bitcoin’s STH-Realized Price Flashes Buying Opportunity Over the last 24 hours, the crypto market is witnessing heavy long liquidation as the total liquidation amount nears $120 million. Both Bitcoin…

Bitcoin

XRP 1-Year Performance Beats Global Bank Savings Account Offerings

Despite XRP underperforming the broader crypto market, its trajectory over the past year indicates that it remains a more favorable investment option compared to leaving money in a savings account. Over the past day, XRP registered a 1.36% loss. However, this negative growth is not unique to XRP, as many other rivals witnessed a similar percentage decline. Yet, zooming out to a three-month timeframe reveals that XRP has remained stagnant, showing barely 1% growth. Conversely, Bitcoin, Ethereum, BNB, Solana, and Dogecoin have all surged by over 50% within the last 90 days. This lackluster performance form XRP compared to its…

Altcoins

Coal Miner Alliance Resource Dabbles In Crypto Mining, Mines 425 BTC

Alliance Resources says it has mined 425 BTC with excess power at its facility The company is the latest publicly listed entity to have bitcoin on its balance sheet NASDAQ-listed coal miner Alliance Resource Partners (ARLP) said in an earnings call that it has mined $30 million in bitcoin (BTC) using excess power at its facilities. “In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call. Marshall said that at…

Mining

Cross-chain universal app states could reduce EVM development by 90%

Siddharth Lalwani is on a mission to redefine the blockchain ecosystem with Skate, a universal application layer integrated with EigenLayer that enables apps to run seamlessly across thousands of chains with a single, unified state. As the Co-Founder and CEO of Range Protocol, the company behind Skate, Siddharth brings deep expertise in web3 infrastructure and DeFi from his experience at leading firms like Altonomy, Point72, Bybit, Certik, and Citigroup. In this exclusive interview, Siddharth shares his vision for solving the challenges of application fragmentation and liquidity silos that plague the current multi-chain landscape. He explains how Skate’s innovative approach of…

Blockchain

Animoca Brands Advances with Bitcoin Open Metaverse Plan

All Bitcoin-based projects from Animoca Brands will onboard Runes-powered Opal Protocol, confirms the team. Initially, 6 subsidiary companies will join the Web3 gaming ecosystem on Bitcoin as Genesis members. Animoca Brands, the Hong Kong-based giant in web3 gaming and metaverse investments, is advancing its plan to construct an ‘open metaverse’ within the Bitcoin ecosystem by partnering with the Runes-powered Opal Protocol. The protocol’s list of “genesis members” features six portfolio companies of Animoca Brands, namely, Life Beyond, Open Campus, Enjin Starter, Helika, Pixelynx, and Azarus. Moreover, Solana-based NFT marketplace MagicEden, ApeCoin ecosystem developer Horizen Labs, Metaverse Tech firm Darewise, Bitcoin…

Metaverse

Does "Sell in May" Apply to Bitcoin? How Is BTC Performing in May: Bullish or Bearish?

While the downward trend in the Bitcoin and cryptocurrency markets continues, investors pinned their hopes for an upward trend on May. At this point, while all eyes are on May, does Bitcoin like May? How did it perform in previous May months? Let's look at the answers to your questions. In the table below, you can see the comparative performance of Bitcoin in May. As can be seen in the table, Bitcoin generally increased in April and decreased in May. Accordingly, while BTC has closed May in red for the last 3 years, 35.3% respectively; It fell by 15.6% and…

Bitcoin

STYLE Protocol Secures $2.5 Million Seed Funding to Revolutionize NFTs in Gaming

In a landmark move poised to reshape the gaming landscape, STYLE Protocol has successfully raised $2.5 million in seed funding to pioneer a transformative approach to Non-Fungible Tokens (NFTs). The protocol aims to unlock the full potential of NFTs by seamlessly integrating them into any game or Metaverse, effectively bridging the gap between disparate gaming platforms. At the core of STYLE Protocol’s mission is the resolution of the longstanding interoperability dilemma within gaming. By enabling players to utilize their NFT purchases across a multitude of gaming environments, from skins to weapons and beyond, STYLE Protocol is democratizing access to virtual…

NFT

Delving into the Factors Driving VET’s Second Trending Spree This Month

VeChain has gained close to 23% in the past two weeks amid a renewed price rally that aligns with a second trending spree for VET in that time. VeChain launched its MaaS platform this month, partnering with Italian MotoGP champions Gresini Racing and VeBetterDAO, a sustainability dApp that airdropped new tokens. After losing its momentum earlier in the month, VeChain has regained it, and in the past two weeks, it has been going through a resurgence, gaining 10% in the past seven days and over 20% in the past fortnight. VET trades at $0.0457 at press time; in the past…

Altcoins