Author: NBTC
Many residents of a Texas town southwest of Dallas, facing health problems allegedly associated with constant noise, don’t seem to have anything good to say about a crypto mining facility run by MARA Holdings. In a video released Thursday by the nonprofit advocacy organization More Perfect Union, reporter Dan Lieberman spoke to residents of Granbury, Texas, some of whom lived less than a mile from MARA’s 300-megawatt Bitcoin (BTC) mining facility. Many long-term residents and retirees described life as “hell” under the near-constant noise of the mining operation, which lies in an unincorporated area of Hood County. “It never goes…
Bitcoin (BTC) price is in the six-figure territory, with institutional capital flooding the market. With this, analysts now contend with the question: Could Satoshi Nakamoto, the elusive creator of Bitcoin, become the wealthiest individual on the planet before the year ends? With roughly 1.1 million BTC attributed to Satoshi, his holdings are now worth over $130 billion at current market prices. $320,000 BTC or Bust: What Would It Take for Satoshi to Eclipse Elon Musk in 2025? With the right conditions, Satoshi could become the richest person on Earth before the year ends. It would mean eclipsing Elon Musk’s estimated…
An unexpected statement came from gold advocate Peter Schiff, who has made his name as the biggest Bitcoin enemy. Peter Schiff, who made a surprising statement on the rise of the largest altcoin Ethereum, suggested selling Ethereum (ETH) and buying Bitcoin (BTC). Claiming that Ethereum has entered a bear market compared to Bitcoin at this point, Schiff argued that Ethereum is nearing the top of its trading range and that it might be better to sell it now and use the money obtained to buy Bitcoin. While Schiff is not a fan of either cryptocurrency, he notes that he currently…
Welcome to the Asia Pacific Morning Brief—your essential digest of overnight crypto developments shaping regional markets and global sentiment. Grab a green tea and watch this space. Institutional crypto adoption accelerates as Fidelity backs MetaPlanet’s Bitcoin strategy, Henry Chang wins WEMIX legal vindication, and SharpLink amasses the world’s largest corporate Ethereum treasury position. Fidelity Subsidiary Becomes MetaPlanet’s Top Shareholder National Financial Services, Fidelity Investments’ wholly-owned subsidiary, has emerged as MetaPlanet Corporation’s largest shareholder with a 12.9% stake worth ¥130 billion as of June 30th. This strategic positioning by Fidelity’s securities division signals expanding institutional appetite for Bitcoin-adjacent equity exposure. Known…
The crypto industry awaits the White House Digital Asset report after Donald Trump sparked some policy blitz with the “Crypto Week.” Reports suggest that the report, which is officially due to be released on Tuesday, might be released to the public before the end of the month. The House of Representatives passed three major crypto bills, with one, the GENIUS Act, now headed directly to President Trump’s desk. The other two are bound for Senate review. This has left the digital assets market hanging in the middle of the bull run. US eyes Bitcoin reserve The US legislation wave positions…
Binance founder Changpeng Zhao (CZ) has floated the idea of issuing a memecoin to track down the alleged sponsors of recent negative media coverage targeting the crypto exchange. In a post on X, CZ referenced a similar use of memecoins to get information about Malaysian fugitive Jho Low. According to Zhao, using memecoin to incentivize informants could also help uncover the alleged sponsors of the fear, uncertainty, and doubts (FUD) spread about Zhao and Binance. He asked: “Should we do the same to uncover who is behind (sponsoring) all the recent FUD from Bloomberg, WSJ, and NYT?”. However, the post…
A July 15 report by global consulting firm Capgemini warns that public-key cryptographic systems, including RSA and elliptic curve cryptography (ECC), may be rendered obsolete by quantum machines in the near future. These are the algorithms that Bitcoin and other blockchains use to secure wallet addresses and authenticate transactions. Capgemini’s analysis does not specifically mention Bitcoin, but it talks about how ECC, the technology behind the blockchain’s private key, is vulnerable to quantum computing. ECC, like RSA, is susceptible to Shor’s algorithm because it is capable of solving the discrete logarithm problem, the mathematical principle that hides visibility of blockchain…
Ethereum’s upcoming Fusaka hard fork, scheduled for November, is expected to make the network much more scalable and secure. Several upgrades are underway by core developers, including the integration of 11 Ethereum Improvement Proposals (EIPs). The EIP-7825 is one of several major features of the Fusaka upgrade, aimed at making the network resistant to malicious attacks. In addition, developers have proposed raising the gas limit to 150M to enhance the network throughput and support more complex operations. However, some other proposals, such as EIP-7907, which would expand the size of contract code, have been eliminated to speed up tests. The…
Catering to the short attention span of retail investors in Michael Saylor’s bitcoin (BTC) treasury company MicroStrategy (MSTR), a new fund manager is advertising weekly payouts plus extra leverage. Although monthly payouts have been available in YieldMax’s ETF MSTY since February 2024, Roundhill wants to increase that cadence 4X with its upcoming fund, MSTW. In addition to weekly payouts, the Roundhill MSTR WeeklyPay ETF will also leverage synthetic derivatives to hopefully surpass MSTR’s calendar week price return by an extra 20%. To accomplish these feats, the new ETF will obtain investment exposure exceeding the net assets in its fund with…
The U.S. Senate is marching on in its effort to craft rules and regulations for the vast majority of the crypto market, releasing a discussion draft of a market structure bill that more clearly defines some of the frameworks the lawmakers are contemplating. The 35-page draft released Tuesday formulates new definitions for digital assets that are not securities, and directs the Securities and Exchange Commission to engage in rulemaking around these assets that would exempt them and their issuers from existing regulations. The bill later directs the SEC and Commodity Futures Trading Commission to engage in joint rulemaking around certain…