Author: NBTC
Ripple CTO David Schwartz, has recently reacted to a recent argument made by Self Proclaimed Satoshi Craig Wright in an X post. Craig Wright has been embroiled in legal controversies for years, particularly after publicly declaring himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits regarding the intellectual property rights to the Bitcoin whitepaper and Bitcoin code. In a recent twist, Wright who was discredited in the UK High Court’s ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers seeking a staggering £911,050,000,000. Wright contends that the Bitcoin…
A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion. As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations, including BlackRock, Tesla, and MicroStrategy. However, this substantial concentration of Bitcoin within a single entity has raised important questions about the potential risks associated with such centralization. The Fallout Of A Potential Coinbase Disaster Per the report, critics argue that a significant concentration of assets…
Neo has partnered with GoPlus, a Web3 security platform designed to protect users against various risks associated with blockchain usage. Neo X is the first network to integrate the GoPlus User Security Module at the node level, aimed to protect users with automatic transaction screening. GoPlus is the team behind SecWareX, an on-chain service that can scan wallets and transactions to identify threats such as malicious airdrops and phishing scams. The utility integrates with common Ethereum tooling, such as MetaMask and Etherscan, and works across various EVM-compatible networks. For most supported networks, including Ethereum, BNB Chain, and Optimism, GoPlus provides…
Zhimin Qian, also known as Yadi Zhang, has pleaded not guilty to laundering Bitcoin in a London court. According to Bloomberg, Qian, a Chinese national, was arrested in April and charged with two counts of money laundering. The UK’s Criminal Prosecution Service alleges that before April 23, Qian possessed and transferred illegal cryptocurrency as part of a larger operation. You might also like: Tether-backed Northern Data explores sale of crypto mining arm to boost AI growth Zhimin Qian and Jian Wen Authorities claim Qian enlisted Jian Wen, who has been sentenced to over six years in prison for her involvement…
According to market signals that have historically preceded major price rallies, Bitcoin is gearing up for its next potential bull run. A CryptoQuant analyst named ‘Tarek’ has recently highlighted key indicators in a post on the CryptoQuant QuickTake platform, suggesting that Bitcoin’s price might soon experience a significant upward movement. These indicators include declining Bitcoin reserves on exchanges and increasing stablecoin reserves, which create an optimistic market outlook. Key Indicators Signal Growing Buying Power According to the report shared by Tarek, over the past several months, Bitcoin’s exchange reserves have been on a downward trend, a phenomenon that often signals…
Shiba Inu could record a meteoric price increase if it replicates the historic 7,692,207% surge observed between 2020 and 2021. Many investors consider Shiba Inu to be one of the most successful crypto projects in the market. This assertion is triggered by Shiba Inu’s impressive performance in its early days. Shiba Inu Rich History For context, Shiba Inu officially launched on August 1, 2020. The token struggled in its early days, with its price plummeting heavily in subsequent months. As a result, many dismissed SHIB as just another failed memecoin experiment. Not relenting, the Shiba Inu ecosystem team adopted an…
Fairshake, a top pro-crypto super PAC, spent nearly $29 million in September to back pro-crypto candidates in tight House races across the U.S., aiming to shape future cryptocurrency policy. Data from the Federal Election Commission (FEC) shows a significant portion of this money went to competitive districts, supporting candidates favorable to the cryptocurrency industry. Top crypto PAC targets close House races as 2024 election hits final stages https://t.co/rMMhxsgt8j — CNBC (@CNBC) October 20, 2024 Millions Flow Through Affiliated PACs for Targeted Crypto Influence Of Fairshake’s September spending, $20 million was funneled into two affiliated PACs: Defend American Jobs PAC and…
Blockchains rely on consensus mechanisms to verify transactions, but why does it matter if a network is proof-of-work (PoW) or proof-of-stake (PoS)? In this guide, we’ll break down PoW vs. PoS in simple terms, explaining how each method secures the blockchain while addressing the pros and cons and features of each. Here’s what to know in 2024. In this guide: What is proof-of-work (PoW)? What is proof-of-stake (PoS)? Proof-of-work vs. proof-of-stake: Comparison Challenges associated with PoW Challenges associated with PoS Which consensus is better: PoS or PoW? Frequently asked questions What is proof-of-work (PoW)? Proof-of-work (PoW) is a consensus mechanism…
South Korean tech giant Samsung is doubling down on blockchain to enhance protection across its AI home appliances. Samsung is set to expand its use of blockchain, unveiling plans to boost security across its artificial intelligence home appliances. In a blog post on Monday, Oct. 21, Samsung outlined that the new initiative extends the existing Knox Matrix framework, previously used on mobile devices and TVs, to a broader range of home appliances. The framework uses a private blockchain to create a “Trust Chain” that allows interconnected devices to monitor each other for security threats, alerting users if issues arise. “Based…
XRP sees increased activity, major wallet transactions, and market consolidation. XRP recently experienced a surge in buying activity, coinciding with a surge to the $0.60 mark. However, the upward momentum has since stalled, leading to a phase of sideways consolidation. During this period, the market has observed significant transactions involving large amounts of XRP. XRP Transactions Linked to Exchanges Notable transactions occurred on September 24, 2024, as a new address activated by Bitstamp sent millions of XRP on four occasions to a receiving wallet, totaling 383 million XRP. Both addresses activated by Bitstamp 1. 95M sent four times today to…