Author: NBTC
FTX is demanding the return of $5 million that it claims was used to bankroll the purchase of a former hotel that has since hosted events for various right-wing fringe groups. The property, formerly known as the Rose Garden Inn, is a bright pink manor that is now owned by the non-profit Lightcone Infrastructure in Berkeley, California. The charity hosts conferences in the former inn for supporters of ‘longtermism,’ ‘rationalism,’ and ‘effective altruism,’ all popular within Silicon Valley. However, The Guardian reports that supporters of eugenics, scientific racism, and other questionable right-wing movements have spoken at these conferences. Picture of…
According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas Neighborhood A newly listed home on Zillow indicates that a property designed for mining digital assets like bitcoin (BTC) is available for purchase. The Zillow listing, first discovered by theminermag.com and detailed in a report on their website, lists the house at $2.4 million. The sale ad describes it as an…
Interested in knowing what is SegWit? Read our in-depth explanation of the technology, its origins, and its uses in the Bitcoin (BTC) network. Table of Contents What is SegWit? How does SegWit work? What is SegWit used for? Advantages and disadvantages of SegWit Conclusion Staying current with technical innovations in crypto is crucial for anyone involved, whether you’re a miner, trader, or enthusiast. Although a few years old, one noteworthy innovation worth knowing about is segregated witness, commonly known as SegWit. In this article, we will help answer the question, “What is SegWit?” We will break down the technology, explain…
The DeFi lending sector has recently witnessed a significant development. As per CryptoDiffer (a well-known crypto analytics platform), Aave, JustLend, and SparkLend have occupied the first three positions among the DeFi lending protocols in terms of total value locked (TVL). The analytics forum took to its official social media account to disclose this development. Top Lending DeFi protocols by Total Value Locked (#TVL)#DeFi lending involves depositing #crypto assets on a platform, where other users can borrow them, allowing the lender to earn interest. $AAVE $JST $SPK $COMP $XVS $KMNO $LAB $INST $ZERO pic.twitter.com/gir5fiAOiI — 🇺🇦 CryptoDiffer – StandWithUkraine 🇺🇦 (@CryptoDiffer)…
Ethereum (ETH) price rise is on the cards, given the investors are exhibiting positive signs through their actions. The question, however, is how far this potential rise can go before it comes to a halt. Ethereum Investors Remain Optimistic Ethereum’s price may have a shot at climbing the charts soon as ETH holders continue to accumulate. The exchange net position change shows that outflows have dominated the market since the beginning of the month. In the past three weeks, over 1.1 million ETH worth over $3 billion have been moved out. Outflows here do not point to money leaving the…
In the early 2000s, before the creation of Bitcoin, a mommy blogger-type community of Japanese housewives met via the internet and helped one another master a skill that would set them up to become some of bitcoin’s earliest and most successful traders. It is not a coincidence that Mt. Gox, Bitflyer, CoinCheck, Zaif, and Liquid (previously Quoinex and Qryptos) — crypto exchanges founded in Japan over a decade ago — once ranked among the most voluminous crypto exchanges. Japanese conglomerates SBI and Rakuten also rank among crypto’s most prolific investors, funding some of the earliest rounds of Ripple, Bitcoin miners,…
Chromia, a Layer-1 relational blockchain platform, has launched an incentivized testnet that will offer a reward pool of 250,000 CHR tokens. Users and developers will test Chromia’s capabilities across multiple verticals, including gaming, real-world assets (RWAs), digital collectibles and sports. Chromia’s testnet Testnet users can interact with decentralized applications (dApps) and Chromia’s official wallet, and earn the native CHR tokens ahead of the platform’s mainnet launch. According to a press release, the testing program will encompass three distinct initiatives, each of which comes with a dedicated network run on Chromia’s mainnet candidate release. “Ahead of the mainnet release, this is…
Bitcoin’s hashrate has rebounded to the historic highs seen just before the fourth reward halving event. According to the seven-day simple moving average, the network’s hashrate reached a record 657 exahash per second (EH/s) this week. Bitcoin Hashrate Reaches Unprecedented 657 EH/s Following a significant drop post-halving, much of the hashrate has returned to the Bitcoin network. On May 8, the seven-day simple moving average (SMA) indicated the network had fallen to a low of 582 EH/s. Bitcoin hashrate via the seven-day SMA on May 28, 2024. This week, on May 25, 2024, the hashrate climbed to an all-time high…
On June 17, 2024, ethereum is priced at $3,521, fluctuating between $3,495 and $3,645 over the past 24 hours. Ethereum On the 1-hour chart, ethereum’s (ETH) recent high is $3,652, and the low is $3,484. The trend has been bearish following the peak on June 21, characterized by increased selling volume. A potential entry point is near the support level at $3,485 if a reversal with increased buying volume is observed. Conversely, an exit point may be around $3,650, a significant resistance level. ETH/USD daily chart via Bitstamp. The 4-hour chart shows a broader downtrend with intermittent rises suggesting possible…
With US spot bitcoin ETFs trading and ETH funds set to follow soon, Brazilian asset manager Hashdex looks to launch a fund that would hold both assets. The approval of such a fund in the US would mark another milestone during a year with already a few crypto fund firsts. The first US spot bitcoin ETFs received the Securities and Exchange Commission’s long-awaited blessing in January. Spot ether ETF launches are imminent as the agency currently works with fund issuers to finalize the planned funds’ registration statements. While the proposed Hashdex Nasdaq Crypto Index US ETF would invest in BTC…