Author: NBTC

Sam Altman’s Worldcoin project is chopping its name in half and debuting a faster, simpler “Orb” to scan the irises of billions of people. Now known simply as “World,” the project’s long-term goal remains the creation of an identity-verification system that lets people “prove their humanity” anonymously online. To get there it has already debuted a fleet of wonky Orbs that scan eyeballs of people who get WLD crypto tokens and a world ID in return. At a media event, anchored by AI-darling Altman and his co-founder Alex Blania, World employees unveiled plans for “Orb 2.0.” It will be faster…

Bitget has announced its plans to expand in Europe by establishing its crypto hub in Lithuania. The exchange is eyeing regulatory compliance ahead of European Union’s Markets in Crypto Assets (MiCA) rules. Crypto exchange Bitget plans to enhance its compliance efforts with the establishment of a new regional office for Europe in Lithuania. The web3 company said in a blog post that this is part of its expansion objectives, with this aligning with European Union’s Markets in Crypto-Assets (MiCA) regulations. Bitget is actively engaged with regulators as it prepares for MiCA compliance. That’s why its opening its office in Lithuania,…

Iran has faced major power blackouts in its capital, Tehran, and neighboring provinces throughout October and November. While officials cite various causes, crypto mining has emerged as a significant contributor to the power crisis. With the lowest estimated cost of mining in the world, many miners exploit Iran’s heavily government-subsidized electricity. Iran’s Subsidized Electricity Drives Bitcoin Mining Boom Iran’s heavily subsidized electricity rates have made it a global hotspot for Bitcoin mining since 2022. Electricity in Iran costs just $0.002 per kilowatt-hour, the lowest in the world by a huge margin. This low cost has attracted miners, as electricity accounts…

Eric Trump, Executive Vice President of the Trump Organization and son of United States President-elect Donald Trump, recently shared his perspective on Bitcoin during an exclusive backstage interview with Frank Corva, Business-to-Business Correspondent for Bitcoin Magazine, at the Bitcoin MENA 2024 Conference. Trump highlighted Bitcoin’s transformative potential, comparing it to real estate, the cornerstone of his family’s business, while emphasizing its unique advantages as a hedge for traditional investors. JUST IN: 🇺🇸 Eric Trump explains why #Bitcoin is a better investment than real estate. pic.twitter.com/YRUJhIhSNT — Bitcoin Magazine (@BitcoinMagazine) December 10, 2024 From Real Estate to Bitcoin As a self-proclaimed…

FTX Bankruptcy estate settled 27 small claims against political donation beneficiaries in November. In a filing before the US Bankruptcy Court for the District of Delaware, the exchange administrators noted that they recovered about $14.5 million from the settlements. Most of the settlement involved small amounts, sometimes as low as $2,900 from Jared Moskowitz for Congress or $7,500 from the Vermont Democratic Party. However, there were still some large recoveries, with the House Majority PAC and Senate Majority PAC returning $6 million and $3 million, respectively. The recoveries mark a major win for the FTX estate, which instituted the small…

Venezuelans have ramped up the use of Tether’s USDT, as it has become one of the largest sources of dollar liquidity in national markets. While the government has tried to contain the black market exchange rates by injecting dollars into the banking sector, it has enjoyed limited success, with Tether adoption ramping up as an alternative to physical dollars. Venezuelans Use Tether’s USDT as a Savings Tool as Dollar Exchange Rates Keep Going Up Stablecoins, especially Tether, have become a main actor in the dollar exchange markets in Latam countries. Venezuelans are harnessing Tether, which commands a market cap of…

Starting from December 13, 2024, Coinbase will apply limitations to stablecoins like USDT that do not meet the MiCA requirements for European users. The restrictions exclude USDC, confirmed as compliant with the regulation. Let’s see all the details in this article. Coinbase complies with MiCA regulations: USDC remains fully operational, problems for USDT The impact of MiCA regulations The strategy of Coinbase Coinbase complies with MiCA regulations: USDC remains fully operational, problems for USDT Coinbase, one of the leading cryptocurrency exchange platforms globally, has announced that starting from December 13, 2024, it will adopt new restrictions for certain stablecoins intended…

A Cardano member has submitted a proposal to have all ADA stake pool operators migrate from centralised solutions like Google Cloud and Amazon’s AWS. The member says these solutions could exert undue pressure on the decentralisation of the token and instead want the funds directed to the operators’ wallets. Cardano has been on a path to decentralisation, with recent upgrades paving the way for the original developers to hand over control to the people. However, it still relies on centralised solutions like Amazon Web Services (AWS) and Google Cloud. One Cardano member now wants these services pushed out to ensure…

Average crypto trading volume more than doubled across centralized exchanges like Binance, Kraken, and Coinbase in November. Following Donald Trump’s re-election, data revealed a significant surge in crypto spot and derivative trading volumes on several digital asset platforms. South Korea’s Upbit emerged as last month’s top performer, with a 386% increase in crypto spot trading volume. BitMart and Bitfinex also saw substantial growth, recording increases of 242% and 218%, respectively. Binance’s trading volume grew by 131%, reaching nearly $1 trillion in November, while Coinbase nearly tripled its spot trading numbers with a 189% spike in user activity. Website traffic further…

For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5’s short-lived rise into six figures.This indecisive price action might have left traders feeling uninspired, with two key reasons holding back the upside. First, the influx of liquidity into the crypto market through channels like spot exchange-traded funds (ETFs) has significantly slowed, taking the wind out of the bullish momentum. The weekly rate of change in the so-called market liquidity impulse index, which tracks stablecoin mints, inflows into BTC ETFs and changes in futures market parameters, has more than halved…