Author: NBTC

Qubic attempted a 51% attack against privacy blockchain Monero last week. It ultimately fell short, an independent report found, but the AI protocol is continuing its pursuit and seeks to change the privacy-centric Monero network forever. Now, Qubic is setting its sights on Dogecoin for its next experiment, although there are currently no plans for a similar type of attack… yet. The new target came via a vote in Qubic’s Discord server, which saw Dogecoin beat out two other proof-of-work blockchains in Zcash and Kaspa. Qubic is a proof-of-work blockchain that uses the consensus mechanism’s computational power to help propel…

While investor appetite remains high in cryptocurrency markets, the surge in demand for digital asset treasuries has led to a historic shortage of Ethereum (ETH) supply. Delta Blockchain Fund founder and general partner Kavita Gupta commented on the risk-taking trend in the markets, new public offerings, and the future of stablecoin projects. Gupta stated that $500 million worth of new digital asset treasuries have recently entered the market and that funds totaling over $4 billion are being prepared to purchase ETH, adding, “For the first time in market history, we are experiencing a serious supply shortage in the amount of…

Traditional financial institutions are increasingly shaping the narratives in the crypto sector, and are poised to benefit the most from the current trends, according to Arthur Azizov, founder of B2 Ventures, a private “alliance” of crypto services and financial tech companies. Azizov told Cointelegraph that this market cycle has been dominated by institutional investors, investment vehicles like exchange-traded funds (ETFs), governments, and stablecoin issuers. The total cumulative flow of Bitcoin ETFs shows that billions of dollars in capital has been siphoned into Bitcoin investment vehicles. Source: Farside Investors He also said that big banks will accelerate this trend in the…

An independent Bitcoin miner hit the jackpot Sunday, outgunning the top mining operations that typically solve blocks on the leading cryptocurrency’s network.  A solo miner solved block 910,440 of the Bitcoin blockchain, bagging a 3.137 BTC reward—worth approximately $365,000 at current prices.  The block contained 4,913 transactions and was added by a miner using Solo CKPool—a service allowing anonymous miners to get started with a mining hook-up, without the need to run their own full Bitcoin node.  Miners currently receive 3.125 BTC plus transaction fees for adding a block to the flagship digital coin’s network.  It’s worth noting that a…

YouTuber Logan Paul’s bid to dismiss a proposed class-action lawsuit over his defunct non-fungible token (NFT) project CryptoZoo should be allowed, says a Texas magistrate judge. Magistrate Judge Ronald Griffin advised an Austin federal court on Thursday that the class group had not sufficiently tied Paul to their claims that they lost money by buying into the CryptoZoo project. The recommendation could see a federal judge drop the suit unless the class updates it. The group is made up of CryptoZoo buyers who first sued Paul and others allegedly tied to the project in February 2023, alleging it was a…

The cryptocurrency market grew by 13.3% in July, driven mainly by bitcoin (BTC) hitting several price highs throughout the month. The rally attracted increased institutional interest in Bitcoin, Ethereum, and major altcoins, supported by more companies integrating digital assets into their corporate treasuries. According to a monthly report by Binance, the world’s largest crypto exchange, regulatory progress in the U.S., including the passage of new stablecoin laws, helped build confidence among market participants. As a result, altcoins outperformed BTC during the month, pushing Bitcoin’s market dominance down to 60.6%, while altcoins’ share rose close to 39.2%. Regulatory Advances Boost Crypto…

The cryptocurrency world is buzzing with exciting news from a major player! Bitcoin cloud mining firm, Bitdeer, recently announced its incredible Bitdeer Q2 revenue, reaching a remarkable $155.6 million. This significant achievement marks a 57% increase compared to the same period last year, signaling strong performance in the evolving digital asset landscape. This impressive financial update offers a compelling look into the company’s strategic successes and future aspirations. How Did Bitdeer Achieve Such Impressive Q2 Revenue Growth? Bitdeer’s robust second-quarter performance was primarily fueled by a powerful combination of enhanced self-mining operations and strong sales of its advanced SEALMINER A2…

The waitlist for staking claims has reached a new record high amid growing withdrawal pressure from Ethereum validators. The number of days that stakers need to wait continues to grow as validators increasingly opt to unstake their assets on the Ethereum network. The wait time for the exit queue now stands at 13 days, 16 hours, a record period for validators. Meanwhile, this comes as the unstaking trend swings northwards. At the time of writing, 788,048 ETH, worth a staggering $3.63 billion, are currently on the exit queue. These growing parameters have sparked claims of network congestion from Whale Wire’s…

Rural residents in Hood County are pressing for a community vote to gain more authority over a Bitcoin mining site that they say has disrupted their lives with round-the-clock industrial noise, local media outlet KERA News reported on Aug. 18. The mine, operated by Florida-based Marathon Digital Holdings, has been running for about three years near the unincorporated area of Mitchell Bend. Neighbors claim the operation’s constant humming sound has led to sleep disruptions, hearing problems, and falling property values. Some say they now suffer from tinnitus and permanent hearing damage. Petition dispute A petition drive to incorporate Mitchell Bend…

TL;DR Ethereum rebounds from $4,500 support, with one analyst mapping four scenarios, including a possible run to $5,000. U.S. spot Ethereum ETFs record $3.71B inflows in eight days, led by $519.7M into BlackRock’s fund. Exchange reserves drop to 18.5M ETH, the lowest in three years, pointing to a tighter available market supply. Price Action and Key Levels Ethereum (ETH) is trading near $4,650 after a recent recovery from the $4,500 support area. The move comes with a 2% decline in the past 24 hours but a 19% gain over the past week. Trading volume in the last 24 hours stands…