Author: NBTC
A significant movement of Ethereum (ETH) has recently captured the attention of the crypto community. An address reportedly linked to “DiscusFish” (@bitfish1), a prominent co-founder of the major crypto mining operation F2Pool, has executed a substantial ETH deposit into the Binance exchange. This transaction involves a staggering 23,552 ETH, valued at approximately $52.56 million at the time of the transfer, according to on-chain analytics shared by Onchain Lens on X. Who is DiscusFish and Why Does F2Pool Matter? Before diving into the implications of this move, it’s important to understand the entities involved. DiscusFish is a well-known figure in the…
Apple (NASDAQ: AAPL) should be held accountable for hosting digital currency scam apps on the App Store, according to a lawsuit filed against the company in California last week. The suit is intended to be a class action. It was brought by Danyell Shin, who downloaded what purported to be a digital asset exchange app called Swiftcrypt from the Apple App Store. Instead, it solicited $80,000 worth of deposits from Shin and then stopped responding to all user interactions. The lawsuit targets Apple. It says that the App Store allegedly contains several malicious apps designed solely to extract digital assets…
Bitcoin’s mining network could face a difficulty adjustment on the lower side for the first time in nearly four years. The difficulty could go down 9% within the next five days, which would be the steepest since July 2021, when China’s ban on mining operations caused a 50% collapse in global hashrate. Over the past two weeks, the total computational power securing the Bitcoin blockchain has dropped by nearly 30%, according to data from Mempool.space. Glassnode metrics show that the network’s hashrate now stands just below 700 exahashes per second (EH/s), compared to a recent high of around 1,000 EH/s.…
Chromia has officially collaborated with TAC, the purpose-built Layer-1 network that aimed to resolve Ethereum Virtual Machine (EVM) compatibility with The Open Network (TON). This partnership will provide an infrastructure through which Telegram Mini Apps (TMAs) can perform their blockchain capabilities in a more enriched manner involving TAC bridging technology and even Chromia layers of data decentralization. 📢We are proud to announce a NEW integration and partnership with @TacBuild! 🥳TAC is a purpose-built Layer-1 network designed to bridge the gap between EVM and The Open Network. 🗨️ Acting as a translator between the two systems, TAC allows developers to deploy…
In a significant move signaling continued confidence in digital assets, UK-listed firm Smarter Web Company has once again increased its Bitcoin reserves. This latest announcement underscores a broader trend of companies exploring and executing strategies to incorporate cryptocurrencies into their treasury management. Smarter Web Company Bitcoin: Expanding Digital Reserves Smarter Web Company recently took to the social media platform X to announce a notable addition to its balance sheet. The company confirmed the purchase of an additional 39.52 BTC. This acquisition wasn’t a one-off decision but fits within a previously stated long-term vision. With this latest purchase, Smarter Web Company’s…
Crypto financial services firm Matrixport noted in its latest analysis that Ethereum’s (ETH) recent price movements were largely driven by positioning in the futures market, but there was no strong fundamental dynamic to support this rise. Matrixport: Ethereum Price Rises on Futures Positions, Lacks Fundamental Support The report stated that Ethereum’s recent sharp pullback was a result of an overheated market structure due to the use of high leverage. Matrixport emphasized that leverage levels are still high, warning that this could create more selling pressure in the short term. On the other hand, the company stated that Bitcoin (BTC) has…
The DeFi Investor, one of the analysts who closely follows the cryptocurrency markets, shared its list of altcoins and important developments that may stand out in the new week. According to the analyst’s evaluations, both large projects and significant airdrops and token unlocks will be on the radar of investors. Here are the top 7 cryptocurrencies of the week according to The DeFi Investor and why they are worth following: Bitcoin (BTC): The US Senate will take up the Bitcoin Act bill, which includes a 1 million BTC purchase, next week. KAITO: Infinex will be conducting an airdrop for users…
The Provisional Measure issued by the Brazilian government to impose a flat fee on cryptocurrency income is being contested in Congress, as some believe it may exceed the executive’s jurisdiction on tax matters, thereby bypassing the institution’s mandate. Flat Cryptocurrency Tax Decree Contested in Brazilian Congress Cryptocurrency taxation is becoming a hot topic in Brazil, where it has become a central element in a legislative battle in Congress. Deputy Gustavo Gayer, from a party opposing Lula’s coalition, introduced a law project that would roll back the changes made by President Lula’s government on crypto taxation, under the premise of their…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. For over a decade, blockchain developers have pursued one primary metric of performance: speed. Transactions per second (TPS) became the industry’s benchmark for technological advancement, as networks raced to outpace traditional financial systems. Yet, speed alone hasn’t delivered the kind of mass adoption once envisioned. Instead, high-TPS blockchains have repeatedly stumbled during periods of real-world demand. The root cause is a structural weakness rarely discussed in whitepapers: the bottleneck problem. You might also like: Warning to builders:…
Bitcoin (BTC) is suffering pressure from veteran holders securing gains and must hold the key $95,600 support level to remain bullish if it breaks below six-figures, according to a June 5 report by Glassnode. The report highlighted that after breaking below $103,700, the next major level of support is the psychological price level of $100,000 and failing that $95,600. For now, Bitcoin is holding above the six-figure mark and trading at $101,280 as of press time, down 3.8% over the past 24 hours. Glassnode’s Cumulative Volume Delta heatmap shows spot-driven accumulation clusters in the areas of $81,000 to $85,000, $93,000…