Author: NBTC
Bitcoin mining firm NewRays is suing a judge and prosecutor, alleging that they selectively enforced noise legislation against the company. In the complaint, NewRays states that despite other companies making more noise than it does, laws were created to specifically target the mining firm. The complaint, filed on September 26, claims that Judge Allen Dodson, prosecuting attorney Phil Murphy, and additional defendants specifically and unfairly targeted NewRays with noise legislation. NewRays acquired property in Arkansas to begin its data center for crypto mining in October 2022. However, this came before a set of local noise ordinances were put into place.…
Bitcoin’s price has surged by 19% in the last few days, pushing it to $64,342. Despite this significant rise, the cryptocurrency is facing resistance at $65,000. A key group of investors, known for profit-taking at this point, poses a potential threat to the continued bullish momentum. Bitcoin’s rally could reverse if selling pressure escalates, leading to a decline. Bitcoin Investors Might Book Profits Bitcoin’s price is facing the threat of a correction, largely due to the potential of selling. Signs of the same can be noted in the Market Value to Realized Value (MVRV) Ratio. A key indicator of profitability,…
The launch of the Sui Bridge is a major step in Sui’s efforts to improve interoperability in the Web3 ecosystem, according to a blog post from the foundation. By offering its own solution, the bridge improves communication between decentralized finance (DeFi) applications on both Ethereum and Sui, facilitating smoother asset transfers. Unlike third-party solutions like Wormhole, the Sui Bridge relies on network validators for security, ensuring that transactions receive the same protections as other on-chain transactions in the Sui ecosystem. The bridge currently supports ETH and WETH transfers, with future updates slated to expand its capabilities and range of assets.…
Cardano founder Charles Hoskinson challenges Steven Ehrlich, Forbes’ crypto research director, following belittling comments made in a recent publication. For context, Forbes recently published a vivid portrayal of the cryptocurrency landscape, highlighting the reverence shown to its pioneers. The article described Satoshi Nakamoto, the enigmatic creator of Bitcoin, as having achieved mythical status as the industry’s forerunner. It lauded Ethereum’s founder, Vitalik Buterin, as the intellectual spearhead of his blockchain, which boasts a market capitalization of $283 billion, portraying him as a pivotal figure in the sector. Cardano Founder a Cult Leader? Conversely, Charles Hoskinson, the founder of Cardano, was…
Gods Unchained, the Ethereum NFT trading card game built on scaling network Immutable X, is set to release its latest expansion “Tower of Dread” on October 10, Immutable Games announced Tuesday. The expansion features 40 new cards, including seven legendary cards with corresponding one-of-a-kind “Mythic” variants. It continues the game’s narrative as players face off against the character Thaeriel in what the company describes as “the largest battle to date.” A key addition is a new gameplay mechanic allowing players to “destroy” their cards to earn points toward discounts on expansion packs. The release also includes two new game boards…
Ethereal Exchange has submitted a proposal to Ethena governance, seeking community approval to launch a new spot and perpetual exchange built on USDe and integrated into the Ethena hedging engine and liquidity. https://twitter.com/ethena_labs/status/1840635070698455416 The proposal introduces Ethereal as an integrated spot and perpetual futures decentralized exchange (DEX) built on the upcoming Ethena Network using USDe. Ethereal is requesting direct integration into Ethena-related reserve management from launch to provide a fully onchain venue for managing spot and derivative positions backing USDe. As part of the proposal, Ethereal is offering a 15% allocation of any potential future Ethereal governance token to circulating…
As the leading cryptocurrency Bitcoin (BTC) oscillates between $64,000-$63,000, it may be just a stone’s throw away from a new ATH. Bitget chief research analyst Ryan Lee stated that if history repeats itself, Bitcoin could test the new ATH in about a month, from the third week of October to November. Stating that the data points to an increase in Bitcoin, Lee added that there may be fluctuations in the price. Lee stated that although Bitcoin has started to rise, there may be occasional corrections, and the intensity of these corrections and sales may change depending on the US elections.…
According to recent data, more than 14 million ether (ETH) is now locked in liquid staking derivatives (LSD) protocols. Over the past 12 days, the amount of ETH deposited into these platforms nudged upward by 0.643%, bringing the total to 14.08 million ETH. Ethereum Liquid Staking Surges to 14M Ether, 90,000 Added in 12 Days Since Sept. 17, 2024, around 90,000 ETH has flowed into LSD apps, growing from 13.99 million to the current 14.08 million. Though a 0.643% uptick might seem small, it pushed the total ETH in staking protocols over the 14 million mark, achieving a significant milestone.…
Recently, the crypto community has been abuzz with talk of an “official Trump coin” amid Donald Trump’s enthusiastic endorsement of crypto as a U.S. presidential candidate. This development follows numerous meme coins created in Trump’s name over the past few months as he vies for the presidency with the backing of crypto enthusiasts. While many of these coins were created in jest, others were designed to solicit crypto donations for Trump’s campaign. Notably, a new meme coin called RTR has recently been launched, inspired by Trump’s “Restore The Republic” slogan and his promise to make America a hub for cryptocurrencies…
Binance Pool has announced the launch of Bellscoin (BEL) merged mining, allowing users to mine Litecoin (LTC) and earn rewards in LTC, Dogecoin (DOGE), and Bellscoin (BEL). Binance Pool Launches Merged Mining of Bellscoin (BEL) Offering Rewards in LTC, DOGE, and BEL Binance users can participate in this new mining option by following a few simple steps. How to Participate To get started, users need to: Log in to their verified Binance account and sign up for a Binance Pool account. Start mining LTC on Binance Pool by following the instructions in the “How to Mine Litecoin (LTC) on Binance”…