Author: NBTC
Ardoino remarked that he envisions a financial reset that would bring fiat currencies to their knees, rendering USDT useless. In this dire situation, bitcoin will become the only alternative to avoid devaluation and hyperinflation. Tether CEO Paolo Ardoino Heralds the Eventual Death of USDT Tether CEO Paolo Ardoino has come out as a bitcoin maximalist, explaining that in a distant future, bitcoin will overcome all of its fiat pairs. In a recent podcast, Ardoino stated that in this hypothetical future, Tether’s USDT had no place. Ardoino believes that all fiat currencies will eventually sink together, falling as a consequence of…
Bitdeer has seen a flurry of activity in recent days as it makes strategic moves in the face of falling revenue and continues to move forward with long-term plans. The Singapore-based, Nasdaq-listed Bitdeer purchased 100 Bitcoin this week in two operations. It bought 50 BTC at $90,280 on Feb. 25, the same day its fourth-quarter 2024 financial report was released. On Feb. 27, it purchased another 50 BTC at $81,475 each, for a total outlay of $8,587,750. On Feb. 23, before the purchases, Bitdeer held 911 BTC. Bitdeer buys the dip, announces repurchase On Feb. 28, the company announced the…
Blockchain and Crypto have a complicated status in China: Beijing says no to crypto but yes to blockchain. It bans trading yet builds infrastructure. Now, with Hong Kong offering regulated crypto markets, insiders say a loophole is emerging. If China already allows investors to buy U.S. stocks through its Qualified Domestic Institutional Investor (QDII) program, why not bitcoin? The key, one expert argued on stage at Consensus Hong Kong, is control, and Beijing may have just found a way to keep it. In China, there are two systems for mainland investors to buy and sell stock outside China. First, there’s…
Ethereum’s core developers decided Thursday to proceed on schedule with the network’s highly anticipated Pectra upgrade, even after a testnet deployed to serve as a practice run for the update failed to finalize earlier this week. On Monday, Ethereum’s developers initiated the Holesky testnet, an effective dress rehearsal of the Pectra upgrade that wouldn’t impact the network’s mainnet. In a somewhat rare occurrence for Ethereum, the testnet failed to finalize. Days later, the mock upgrade still hasn’t been successfully implemented. During a developer meeting this morning, Ethereum’s leadership acknowledged that the problem posed by the incident was serious—but also highly…
Peru has emerged as a major player in the Latin American bitcoin sector. According to Lemon’s most recent research, “Estado de la Industria Crypto 2024,” (State of the Crypto Industry 2024) the country ranks seventh in terms of cryptocurrency value received. The report shows that the country ranks third in annual growth within the area. This rapid ascension is being driven by developments in legislative frameworks, technical integration, and growing public interest in digital assets such as Bitcoin. According to Cointelegraph, several factors such as improvements to regulations, the development of technology and an ever-growing population interest in topics digitally owned…
Amid the ongoing downtrend in the broader digital asset market, Jito (JTO) is attracting significant attention from market participants due to its growth potential. Today, according to data reported by Spot on Chain, a whale bought massive amounts of Jito and sent them all into staking. A newly created wallet just withdrew 96,128 $SOL ($12.37M) from #Binance at $128.6 and staked it all with #Jito.Notably, it links to a whale who closed its first SOL trade at a higher price of $140.8 ~3 days ago, allegedly profiting $4.58M (+51%) after a year of staking.… pic.twitter.com/zYHSODbXc8 — Spot On Chain (@spotonchain)…
Crypto transfers are being restricted in Europe through heavy know-your-customer (KYC) procedures and blocks, potentially linked to the Travel Rule, according to several local reports. Hasu, the strategy lead at Flashbots, reported that Coinbase is blocking transfers in Europe to recipients other than the user. Additionally, when sending crypto to a self-custodial wallet, the user must sign a message to prove ownership. If the user receives funds instead of sending them, the sender must be identified, including passport identification. This applies even if the user sends money to his Coinbase account from another source. Hasu said he didn’t try to…
Bitcoin is below $90K, and RSI shows a pattern that has led to major price drops before. The next key support levels are $84K and $76K, and a break could send Bitcoin even lower. RSI signals weak momentum, and traders now wait to see if Bitcoin follows past patterns. Bitcoin is showing a classic bearish divergence against the Relative Strength Index (RSI) on the weekly chart, a pattern that has historically signaled major market corrections. The last time Bitcoin displayed a similar divergence, price movements led to a prolonged downturn. Currently trading at $88,643, Bitcoin has dropped 7.95% within four…
Core Scientific (CORZ) stock surged more than 11% after-market on Wednesday after the data center and bitcoin mining company said it was planning a $1.2 billion expansion of a data center in Denton, Texas, with CoreWeave, to support artificial intelligence (AI) and high-performance cloud computing (HPC). “The 70 MW [megawatt] of additional contracted power at the Denton site increases the full critical IT load to approximately 260 MW,” according to a statement. “The agreement increases CoreWeave’s total contracted HPC infrastructure with Core Scientific to approximately 590 MW across six sites. We believe this addition aligns with CoreWeave’s growing need for…
The name and brand of Solana meme coin Bonk will soon adorn a combat sports stadium, as a result of it partnering with the president of crypto-fueled fighting league Karate Combat, Asim Zaidi, as he looks to upgrade his social media-famous gym, the Goat Shed. With this, the Bonk Stadium is set to host half of the upcoming Karate Combat events, with the league saying that two other fighting organizations have expressed interest in using the venue. Currently, the Goat Shed gym spans 3,000 square feet, but the new, expanded property will extend to a total of 15,000 square feet.…