NFT News by Thebittimes.Com

In contrast to Bitcoin’s constrained proof-of-work (PoW) blockchain, the Polkadot blockchain permits cross-blockchain transfers of any kind of data or asset. Additionally, the project uses less infrastructure and enables more transactions per second. Polka DOT uses a nominated proof-of-stake (NPoS) blockchain, with a focus on the interoperability of parachains. The parachains are connected to, and secured by the Relay chain. The Relay chain is a flexible and scalable blockchain solution. Moreover, validators can validate both the Relay Chain and the parachains. The network supports trading, staking, bonding, paying transaction fees, and voting with the project’s native token, called DOT . How staking Polkadot works In Polka DOT staking, validators are nominated using DOT tokens in exchange for rewards. The complex NPoS mechanism allows nominators to choose the validators who are permitted to take part in its consensus protocol. Additionally, a network is considered to be more de...

The February U.S. jobs report was a mixed bag, which seems to have provoked interest from a few bulls in BTC and altcoins. Bitcoin (BTC) led a sharp sell-off in the cryptocurrency Markets on March 9 as the woes at Silvergate Bank and Silicon Valley Bank dented investor sentiment.  In addition, crypto-specific news of a suit filed by New York Attorney General Letitia James against Cryptocurrency Exchange KuCoin for selling securities and commodities without registration increased uncertainty about the future of crypto sector regulation. The selling momentum continued on March 10 and pulled Bitcoin below the $20,000 mark. Several other cryptocurrencies have also broken below their important support levels. Daily cryptocurrency market performance. Source: Coin360 But a minor positive in favor of the bulls is that February’s jobs report was a mixed bag. Although nonfarm payrolls rose 311,000 for the month, above estimates of an increase of 225,000, the average earnings rose less than ant...

BTC and many altcoins are kicking up dust after the Federal Reserve chairman Jerome Powell discussed the possibility of smaller rate hikes in 2023, but is the momentum sustainable? Bitcoin (BTC) has shrugged off the weakness in the United States equities markets and is attempting to start a recovery on Nov. 30. Buyers are attempting to achieve a monthly close above $17,000. This suggests that the selling that had picked up due to the FTX crisis may be reducing. Usually, smaller investors panic and dump their holdings in a bear market but it has been the opposite with Bitcoin investors. According to Glassnode data released on Nov. 27, investors holding less than one Bitcoin, also called shrimps, bought 96,200 Bitcoin since the FTX crash. Along similar lines, investors holding between 1 to 10 Bitcoin, classified as crabs, bought 191,600 Bitcoin over the past 30 days. This shows investors are continuing to accumulate at lower levels. Daily cryptocurrency market performance. Source: Coin...