Author: NBTC
Nigeria wants the Binance executive who custody and fled to Kenya to be extradited. Local media outlets have reported that Nigerian government officials are expecting Nadeem Anjarwalla to be returned to the country within the week. Nadeem Anjarwalla, an executive at crypto exchange Binance who recently escaped Nigerian custody, has been located in Kenya and faces extradition, multiple local media outlets have reported. Nigerian authorities have found Anjarwalla in Kenya and are working with Kenyan authorities to bring the executive back to the country, Nigeria’s Daily Post reported last week, citing government sources. Nigerian newspaper The Punch reported on Monday,…
Bitcoin miners may shift towards AI due to the potential for higher revenue, CoinShares said. The average bitcoin production cost post-halving is about $53,000. Some miners are actively managing financial liabilities and are using excess cash to pay down debt, the report said. Crypto miners may shift towards artificial intelligence (AI) in energy-secure locations following the bitcoin (BTC) halving due to the potential for higher revenue, CoinShares (CS) said in a report on Friday. The quadrennial halving, which slows the rate of growth in bitcoin supply by 50%, occurred on Friday evening. Coinshares notes that mining companies like BitDigital (BTBT),…
CoinLedger predicts Bitcoin price could reach $360,000 one year after its 2024 halving, based on an analysis of price movements following previous halving events. According to the findings shared by the crypto tax service provider CoinLedger, the study focused on the outcomes of past halving events to estimate Bitcoin’s future price. By averaging the post-halving price increases observed in 2012, 2016 and 2020, CoinLedger provided a forecast for Bitcoin’s potential valuation in the year following the scheduled 2024 halving event. Price Prediction 3 and 6 Months Post Halving “In 2016 the price on the halving day was $650; after three…
Synthetix is excited to expand its cryptocurrency derivatives offerings by launching twelve new perpetual futures markets on its Base platform. The markets now feature high-profile digital assets such as Optimism (OP), Ethena (ENA), Avalanche (AVAX), BNB (BNB), Thorchain (RUNE), Polygon (MATIC), Arbitrum (ARB), Bonk (BONK), Doge (DOGE), Fantom , Pepe (PEPE), and Ordi (ORDI). Approvals for these markets came through SIP-373 and SIP-376, with detailed trading parameters set forth in SCCP-323. Access New Perpetual Futures on Synthetix Directly Exclusively on Synthetix Perps on Base, traders can access these markets directly through integrations with platforms like Kwenta. This allows for seamless…
After the spot Bitcoin ETFs approved by the SEC in January, all eyes turned to Ethereum ETFs. While it was considered certain that ETH ETFs would be approved in the first months, this possibility has decreased recently. While most analysts think that the SEC will most likely not approve Ethereum ETFs in May, a comment about ETH ETFs came from ETF analyst Nate Geraci. Sharing from his X account, Geraci stated that the general opinion in the market is that Ethereum ETFs will not be approved in May and that he agrees with this idea. At this point, ETF Store…
Solana (SOL) has seen the biggest losses in the top 10 cryptocurrencies by market cap today, down about 7% in the past 24 hours according to data CoinGecko, as congestion issues plague the network. The coin is down about 6% over the past week and is now priced at $175. But the fifth-biggest digital asset by market cap isn’t the only one suffering: some of the prominent tokens that run on its network have been hit even harder. Wormhole (W), which held its airdrop earlier this week, has been rocked the hardest and is down by 17% in the past…
The multi-year legal tussle between the U.S. SEC and Ripple is approaching a final resolution as the remedies stage of the lawsuit edges close to an end. According to the court’s scheduling order, Ripple will file its reply to the SEC’s opening remedies-related brief today, April 22, 2024. Procedures of Ripple’s Upcoming Opposition Brief While Ripple is expected to submit its remedies-related opposition brief in the U.S. District Court for the Southern District of New York (SDNY) today, the filing will remain sealed until April 24, when a redacted version of the motion will be filed in the public docket.…
How will Norway’s crackdown on crypto mining impact the global Bitcoin market and the country’s economy? Amid the recent completion of Bitcoin’s (BTC) fourth halving, which saw miner rewards halved to 3.125 Bitcoins, Norway is taking decisive steps to address the energy-intensive practice of crypto mining within its borders. Against Bitcoin’s price volatility, currently hovering around $66,000, the Norwegian government is gearing up to enact new legislation aimed at reining in data centers, a move partly intended to curb crypto mining activities. According to a report from local news outlet VG, citing statements from Digitalization Minister Karianne Tung and Energy…
The decentralized finance (DeFi) landscape has been brimming with activity over the past week. Leading the charge, Lido Finance announced the launch of its Simple Distributed Validator Technology (DVT) on the Ethereum mainnet. This innovation enables individual and community stakers to operate validators, democratizing participation and enhancing the security and decentralization of the node operator ecosystem. Aave Continues to Make Strides in DeFi with Simple DVT Deployment In a move to streamline staking, Aave’s community introduced the FastPass proposal, aiming to allow a portion of Safety Module stakers to skip the typical 20-day cooldown period for a fee. This proposal,…
Total miner revenue is currently about triple the pre-halving level, the report noted. The spike in network fees indicates the level of developer interest in Bitcoin, and the fee revenue potential for miners, Bernstein said. The broker expects 15% of miner revenues to be network transaction fees on a sustainable basis. Since the reward halving of bitcoin (BTC), miners have earned about 19 BTC per block on average, which is over and above the standard block rewards as a spike in network fees led to a tripling of revenue, broker Bernstein said in a research report on Monday. The quadrennial…