Author: NBTC
This week, some Binance fans took to X (formerly Twitter) to share their excitement that the exchange’s founder, Changpeng Zhao (CZ), was scheduled to complete his prison sentence on August 30. Unfortunately for them — and CZ — a quick fact-check reveals that he won’t actually be freed by that date. On April 30, US District Judge Richard Jones sentenced CZ to four months in a Seattle prison, recommending Seatac, a prison and administrative security federal detention center. Many observers apparently believed that CZ entered Seatac that same day, which would indeed have made August 30 his release date. However,…
The idea of the Mt. Gox Bitcoin (BTC) sell-off spooked the crypto market more than the actual impact it could have on BTC price, according to a recent study by asset management firm CoinShares. A worst-case scenario is a 19% daily drop if all BTC are sold concurrently, although this is a very unlikely one. Currently, the Mt. Gox trustee holds 142,000 BTC and an equal amount of Bitcoin Cash (BCH), valued at $8.85 billion and $55.25 million respectively. Luke Nolan, Ethereum Research Associate at CoinShares, highlighted that creditors were met with two choices: receive 90% of what they were…
General Updates Neo upgraded the Neo X TestNet to the Gamma version, which is intend to become the long-term supported TestNet network. This update implements a policy-based transaction fee-burning mechanism, replacing the EIP-1559 dynamic base fee model. The Gamma version also includes protocol extensions, enhanced system contract features, native bridge improvements, and documentation updates. Security audit results have led to system contract and dBFT protocol enhancements and stability fixes. MetaCollabWin, a Web3 metaverse and real-world asset game, is joining the Neo X ecosystem. The 3D world game allows players to build a digital version of Bitcoin City and participate in…
Prominent economist and gold advocate Peter Schiff has recently vocalized his criticism of Donald Trump’s stance on Bitcoin (BTC) as the U.S. presidential elections approach. Schiff has also targeted Michael Saylor’s strategy for Bitcoin adoption, sparking significant discussion in the crypto community. This critique emerges at a critical time when Bitcoin and other crypto assets are gaining substantial mainstream recognition and popularity. Discover the latest insights on Peter Schiff’s criticism of Donald Trump’s Bitcoin stance and its potential implications for the upcoming U.S. Presidential election. Peter Schiff’s Critique on Donald Trump’s Bitcoin Position Peter Schiff, an outspoken proponent of gold,…
As the cryptocurrency segment is recovering, the majority of the top 100 cryptocurrencies are in the green. Dogecoin (DOGE), the largest meme coin, hit a major capitalization milestone, while Solana’s heavyweight, Dogwifhat (WIF), is yet again among the top performers. Dogecoin (DOGE) market cap blasts past $20 billion Dogecoin (DOGE), the first and most valued meme cryptocurrency, gained about 5% of its capitalization overnight. As such, its aggregated market cap eclipsed $20 billion and keeps surging. As DOGE’s trading volume hits $1.6 billion, it becomes the fifth most traded crypto (excluding stablecoins). As such, Dogecoin (DOGE) has become the top…
The United States Senate has reintroduced a significant bill that could reshape the nation’s crypto taxation landscape. With the election cycle in full swing, policy changes in the cryptocurrency sphere are gaining increased attention. Pro-crypto senators may play a crucial role in advancing this bill through the legislative process. A significant crypto tax bill has been reintroduced in the US Senate, aiming to establish fair taxation practices for low-value cryptocurrency transactions. The Reintroduction of the Virtual Currency Tax Fairness Act The Virtual Currency Tax Fairness Act has once again been presented to the US Senate, featuring bipartisan backing. This legislation…
Oasis announced a new partnership with Pixel Realm to support early-stage game projects focused on privacy-preserving use cases within the Oasis ecosystem. Oasis Collaborates with Pixel Realm to Support Grants for Early Stage Game Projects This collaboration aims to strengthen the Web3 gaming industry by providing marketing and development support through Pixel Realm’s platform. The joint grant program will support three promising projects launched natively on Sapphire or using the Oasis privacy layer for secret computing. Oasis and Pixel Realm will provide a total of $50,000 in ROSE, distributed according to standards set by both organizations. Pixel Realm, in partnership…
Blockchain Association CEO Kristin Smith and her band of crypto cheerleaders have a roadmap to drive support for crypto forward on Capitol Hill in the lead-up to the U.S. presidential election. That’s despite the fact that the digital asset industry’s path to courting lawmakers—including the next U.S. president—has been filled with twists and turns. This week, Vice President Kamala Harris has emerged as the presumptive Democratic presidential nominee, shortly after incumbent President Joe Biden said on Sunday that he was dropping out of the election. Meanwhile, Republican nominee Donald Trump was shot at nearly two weeks ago at a political…
APhone, the pioneering decentralized virtual smartphone, has joined forces with Aethir to roll out a new solution that boosts user capacity tenfold while slashing operational expenses.—Leveraging Aethir’s state-of-the-art GPUs and distributed cloud infrastructure, this new solution propels APhone’s capacity from 80,000 to over 800,000 daily active users. The operational cost per user drops to under $0.60 per month, marking a significant enhancement in efficiency and cost-effectiveness.“Expanding from 80,000 to over 800,000 users is a game-changer. Aethir’s infrastructure not only supports this growth but also helps us save $3.2 million quarterly, bringing our computing costs down to $1 million.”William Paul Peckham,…
Bitcoin, which started July and the second half of the year with an increase, has been moving in a downward trend in the last three days. At this point, the reason for the decline in BTC, which has fallen to $ 59,600 in the past hours, remains unclear. However, some analysts believe Mt. While we estimate that BTC fell to $ 59,600 due to Gox’s start of repayments of $ 9 billion, some analysts think that the sales of whales were effective in this decline. At this point, Lookonchain stated that a whale deposited 1,023 BTC worth $62.2 million to…