Author: NBTC

US Customs and Border Protection (CBP) has conducted an enforcement action to seize Bitcoin mining application-specific integrated circuits (ASICs) at US port entry points after receiving direction from the Federal Communications Commission (FCC). The crackdown expanded to include machines produced by MicroBT and Canaan after Bitmain’s Antminer S21 and T21 models were first stopped last year. CBP seizes Bitcoin mining units for violating AI chip trade restrictions According to reports, the CBP held the units because they contained AI chips from Sophgo, a chip firm that currently faces trade limitations. The broader examination conducted by CBP has seized extra Bitmain…

2024 was an extraordinary year for bitcoin, marked by an event of historical significance: the movement of five block rewards from 2009, which had remained untouched since they were mined. Last Year’s Genesis Echo On Sept. 20, 2024, between block heights 862,079 and 862,087, five ancient coinbase rewards, collectively worth 250 BTC, were spent. Bitcoin was exchanging hands at just above $63,000 per coin at the time. These transfers originated from legacy Pay to Public Key Hash (P2PKH) addresses, a relic of bitcoin’s early days. Transactions involving 2009 unspent transaction outputs (UTXOs) are rare, even though more UTXOs exist from…

Lejilex and the U.S. Securities and Exchange Commission (SEC) have jointly requested a Texas court to postpone oral arguments set for February 20, 2025 and delay decisions on pending motions until April 11, 2025. Lejilex’s Motion Against SEC In a motion filed on February 11, the defendants, including the SEC and its commissioners, asked the court to “remove the February 20, 2025 argument from its calendar and hold the pending dispositive motions in abeyance until April 11, 2025.” The motion cited the recent leadership transition at the SEC and the creation of a crypto task force as reasons for the…

U.S. crypto miners relying on Bitmain hardware are seeing shipment delays as customs officials increase scrutiny amid trade tensions. Crypto mining firms in the United States are facing delays in getting new equipment as customs officials tighten checks on shipments from Bitmain, the top supplier of Bitcoin (BTC) mining rigs. Beijing-based Bitmain dominates the market for specialized mining rigs, but its deliveries to U.S. clients have been slowed down by increased scrutiny, Bloomberg reports, citing industry executives who have noticed more frequent inspections. “U.S. Customs has started randomly inspecting almost all of the airlifted Bitcoin mining machines since about three…

Bitcoin, the king of cryptocurrencies, is often seen as a symbol of financial freedom. But recent discussions suggest Wall Street might be manipulating its price for their gain. Altcoin Daily recently shared insights on potential market manipulation and upcoming opportunities for Bitcoin. Interestingly, Bitcoin’s bull case this year can be greater than just a Bitcoin stockpile. There is a real possibility that Trump will implement not just a stockpile but also a strategic Bitcoin Reserve where the US starts the process of buying 1 million Bitcoin over the next 5 years. This is what the US Bitcoin Reserve bill spearheaded…

The US and the UK have not appended their signatures on an international agreement on AI during the global summit in Paris citing national security concerns among other reasons. Other countries signed the agreement which pledges to inclusive, open, and ethical development and deployment of the technology. However, the two countries believe there is too much emphasis on AI regulation, which is not healthy for the growth of the industry. The UK and US think otherwise According to BBC, a dozen other countries including China, France, and India, signed the AI declaration which is meant to support AI safety. The…

Peter Brandt, a notable market veteran, believes several Bitcoin traders could witness losses the next time BTC corrects. Brandt disclosed this as he warned traders about the dangers of over-leverage and unrealistic expectations, calling attention to the need to prepare for the possibility of severe market corrections. Brandt, who boasts over five decades of trading experience, pointed out the risks many investors face if they fail to account for potential downturns, particularly in the highly speculative crypto market. A Bitcoin 50% Correction is Possible The market veteran noted Bitcoin’s meteoric rise, spotlighting its incredible growth from $0.07 on Jan. 5,…

Binance announced plans to list aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE), making them available for spot trading. The exchange periodically adds or removes tokens from its product suite as part of its routine operations review. This ensures it progressively meets industry requirements sufficiently while delivering a high level of standard. Binance New Listings: AIXBT, CGPT, and COOKIE Three tokens, aixbt by Virtuals (AIXBT), ChainGPT (CGPT), and Cookie DAO (COOKIE), were on a tear on Friday, soaring by over 40% following the Binance listing announcement. AIXBT, CGPT, COOKIE Price Performances. Source: TradingView The outcome was expected as…

Bitwise CEO Hunter Horsley believes that Bitcoin scarcity is going to start to feel “dramatic” when the cryptocurrency becomes more mainstream. “There are estimated 58 million millionaires globally. There’s only enough Bitcoin for ~ 1 in 3 of them to have one,” he said. Is Bitcoin’s supply cap safe? As reported by U.Today, investment giant BlackRock recently caused controversy with a disclaimer in its educational video stating that Bitcoin’s maximum supply could be expanded beyond the aforementioned 21 million cap. Such suggestions are akin to heresy within the Bitcoin community since the cryptocurrency mainly derives its value from its scarcity.…

On January 9, 2025, several cryptocurrencies experienced significant price surges, with some projects witnessing triple-digit growth. Among the top daily gainers, Alpha Quark ($AQT) and Strike ($STRIKE) led the charge, boasting impressive price increases of 185.9% and 161.7%, respectively. These gains highlight the continued interest and demand for select altcoins, signaling robust market momentum as investors seek to capitalize on emerging projects within the crypto space. DAILY GAINERS$AQT +185.9% $STRIKE +161.7% $LFT +56.2% $GAS +28.1% $COAI +25.3% $KLV +24.9% $TT +22.2% $GRS +21.7% $ACS +21.1% $WAGMI +19.7%#dailygainers pic.twitter.com/2H9KeBSAIJ — PHOENIX – Crypto News & Analytics (@pnxgrp) January 9, 2025 According…