Author: NBTC
Genesis Digital Assets Limited (GDA) is expanding its bitcoin (BTC) mining operations in West Texas with a 50-megawatt (MW) energization increase across its Pyote and Vernon sites. GDA is a private company with offices in the United Arab Emirates and the United States, with a total power capacity of over 600 MW. While the company refused to disclose its total hashrate, GDA Executive President Abdumalik Mirakhmedov claimed it to be “one of the largest bitcoin mining companies in the world in terms of this metric.” For comparison, Bitdeer (BTDR) one of the biggest public bitcoin mining companies in terms of…
Fluence is urging cryptocurrency firms and industry players to commit to using decentralized physical infrastructure network solutions through the DePIN Pledge, backed by major organizations including IoTeX, Polygon, Helium, and Consensys. The cloudless computing platform Fluence is using the initiative to encourage cryptocurrency firms and projects to publicly commit to decentralized infrastructure, aiming to build more transparent and resilient ecosystems. Fluence believes that as the web3 and cryptocurrency space continues to evolve, maintaining decentralization has become more critical than ever. More often than not, decentralization has remained an ideal rather than a reality in the web3 ecosystem. The emergence of…
NEAR Infrastructure Committee plans proactive 2025 funding for AI and chain abstraction innovations across its ecosystem. NEAR Protocol emphasizes decentralized infrastructure growth, focusing on wallets, chain abstraction, and AI applications for 2025. Since its inception in April 2024, the NEAR Infrastructure Committee (IC) has been at the forefront of improving the NEAR environment by taking a more transparent and sustainable approach. The committee has been quite helpful in guiding technical resources, money, and attention toward tackling important problems and encouraging innovation. The IC is getting ready to actively fund developments in infrastructure innovation as the demands of the ecosystem change,…
Crypto executives say the British ban on crypto derivatives is hurting retail investors rather than protecting them. Crypto execs are slamming the U.K.’s Financial Conduct Authority over its ban on crypto derivatives, saying it’s hurting retail investors more than helping them. Joshua Barraclough, CEO of One Trading and a former JPMorgan executive in an interview with Financial News said the “terrible” ban is “harming consumers,” suggesting that people should be able to make their own investment choices, even if they come with risks. Konstantinos Adamos, Revolut’s legal counsel for crypto, shared similar views. He noted that while the FCA’s concerns…
Buying Bitcoin at significantly higher prices than just a few months ago can be daunting. However, with the right strategies, you can buy Bitcoin during dips with a favorable risk-to-reward ratio while riding the bull market. Confirming Bull Market Conditions Before accumulating, ensure you’re still in a bull market. The MVRV Z-score helps identify overheated or undervalued conditions by analyzing the deviation between market value and realized value. Figure 1: MVRV-Z Score indicates dips are still for buying. View Live Chart 🔍 Avoid Buying when the Z-score reaches high values, such as above 6.00, which would indicate the market is…
There appears to be a strategic shift in fund flow into the new token class, belonging to AI agents. The trend is especially active on the tokenless Base chain, which allows for the cheapest launches and testing of new AI agents. Base, the tokenless chain by Coinbase, is on track to surpass Solana as the go-to network for AI agents. The shift happened in the last months of 2024, after the launch of the Virtuals Protocol platform. Ironically, the trend among AI agents was noted by an AI agent, set up to process data from selected smart wallets. NomAI was…
This is a segment from The Drop newsletter. To read full editions, subscribe. The SEC has been killing investigations left and right in the past week, freeing Robinhood, OpenSea and Coinbase from its regulatory probes. The agency has now closed its investigation into Uniswap Labs, according to posts from the company published Tuesday. “This is a huge win for DeFi and reaffirms what we’ve always known — that the technology we build is on the right side of the law, and our work is on the right side of history,” Uniswap Labs wrote on X. In a blog post, the…
Michael Saylor, prominent Bitcoin evangelist and MicroStrategy co-founder, has taken to his account on the social media network X (formerly popular as Twitter) to share a big reminder about BTC with the community. In this tweet, he sort of urged the community to start (or continue) accumulating the world’s flagship digital currency before it is too late to do that. “Did you stack bitcoin this year?” MicroStrategy’s Saylor tweeted. He also revealed how much Bitcoin Elon Musk’s Tesla now holds. Did you stack bitcoin this year? pic.twitter.com/uI1j7ZiGKz — Michael Saylor⚡️ (@saylor) December 27, 2024 Top 60 Bitcoin holder list by…
As the Ripple stablecoin, RLUSD, becomes publicly available, the company has appointed several influential figures to its advisory board. Among the most prominent names is Raghuram Rajan, a former director of the International Monetary Fund (IMF). This appointment caught the attention of the XRP community, with several commentators discussing the strategic significance of including such high-profile figures in the RLUSD project. Expertise Rajan Brings to Ripple Stablecoin Advisory Board Rajan served as the IMF’s Director of Research and Chief Economist from 2003 to 2006. Later, he became the 23rd Governor of the Reserve Bank of India (RBI) from September 2013…
The U.S. Securities and Exchange Commission (SEC) has made significant moves in the crypto space, marking a shift in its regulatory stance. The agency has dropped its appeal in a case regarding the expansion of the dealer definition in securities law and approved the nation’s first yield-bearing stablecoin. These decisions highlight evolving regulatory approaches under new leadership and underscore the growing importance of stablecoins in the financial ecosystem. SEC Drops Appeal in Dealer Rule Case The SEC formally dismissed its appeal in a lawsuit filed by the Blockchain Association and the Crypto Freedom Alliance of Texas. The case challenged the…