Author: NBTC
Code is protected speech? Not so fast, a U.S. district judge ruled last week in the high-profile case around Ethereum coin mixer Tornado Cash. Judge Katherine Polk Failla rejected developer Roman Storm’s motion to dismiss his case in the Southern District of New York last Thursday. Over a year after the Tornado Cash co-founder was arrested on money-laundering charges, Failla ruled that his case could proceed to trial. While Failla found that Storm had been adequately charged, Storm argued in his motion to dismiss that his charges infringed on his First Amendment rights. He stated it has been “well established”…
According to the latest data, bitcoin miners pulled in $815.7 million from rewards and fees in September, marking their lowest earnings month of 2024, with $35.66 million less than August’s haul. Bitcoin Miners Earn $815.7M in September, Lowest Monthly Total of 2024 September was a tough month for bitcoin miners, who saw their lowest revenue yet in 2024. Numbers from theblock.co’s mining data show that $801.84 million came from Bitcoin’s 3.125 BTC block reward subsidy. On the fee side, miners gathered $13.86 million throughout the month. Notably, September was the weakest month for fee earnings all year. The combined $815.7…
Over $1.28 billion worth of Bitcoin was sold during a brief spike in selling pressure, despite the cryptocurrency market’s recent performance being comparatively stable. The market was rocked by this unexpected sell-off, particularly since open interest on platforms like Binance sharply decreased. An increasing amount of long positions entered the market when the price of Bitcoin reached $64,800, ultimately making the situation worse. Based on the data, it appears that a lot of traders were too optimistic when Bitcoin got close to $64,800. Anticipating a breakout to higher levels, there was a significant influx of long positions. But as soon…
Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. MicroStrategy, macro impact If you bought the bitcoin dip, you’re definitely not alone. At least six companies — five of which are publicly traded — have snapped up bitcoin following its all-time high in March. MicroStrategy, Block, Metaplanet, Semler Scientific, OneMedNet and soccer team Real Bedford FC — owned by Bitcoin podcaster Peter McCormack — altogether bought an estimated 48,836 BTC in that period. They probably paid about $3.09 billion for that stash, which would now be worth closer…
Users of Arbitrum orbit chains, layer-3 solutions for Ethereum built on top of the platform’s technology stacks, can now pay gas fees using USDC. The move comes even as ARB, the native token of the Ethereum layer-2, continues to post lower lows, pushing losses to nearly 80% since January 2024 highs. Arbitrum Orbit Chains Support USDC For Paying Gas Fees In a press release, the decision to integrate bridged USDC aims to reduce gas fees and attract more developers. As of August 8, USDC is one of the top stablecoins by market cap. CoinMarketCap data shows that Circle, the stablecoin…
House Majority Whip Tom Emmer (R-MN) is optimistic that support for crypto legislation has reached a critical mass in the United States—and even believes that FIT21, a stalled crypto market structure bill, could become law before the holidays. “I think that bill—at the end of the year, if there’s an end of the year spending bill—maybe some parts of that bill end up in the final deal,” Emmer told Decrypt of FIT21 during an interview Monday at the Messari Mainnet conference in New York. FIT21 would establish a federal framework for the regulation of digital assets that would be jointly…
A notable Bitcoin (BTC) whale has made significant purchases over the past two days, fueling optimism in the crypto market despite recent price fluctuations. According to a tweet from Lookonchain, a prominent blockchain analytics platform, the whale added 953 BTC worth approximately $60.57 million to its holdings just an hour before the report. Over the course of two days, the whale’s total accumulation amounted to 2,448 BTC, valued at $154.6 million. This sizable accumulation of Bitcoin indicates strong confidence in the leading cryptocurrency, potentially signaling an upcoming price surge. Whales, which are large investors holding significant amounts of cryptocurrency, are…
The fund holds real estate trust deed positions, offering 14%-15% target yield for institutional investors. Chintai is a blockchain focused on real-world assets (RWAs), regulated and licensed by the Monetary Authority of Singapore for dealing in capital markets products. Asset manager Kin Capital is launching a $100 million tokenized real estate debt fund on the real world asset-centric network Chintai, the parties told CoinDesk exclusively. The fund holds first performing real estate trust deeds, which are agreements between borrower and lender to have the property held in a neutral, independent third-party trust until the loan is paid off. The initial…
Multiple projections expect XRP to soar to greater heights on the back of the final resolution of the Ripple v. SEC legal battle. Recall that payments firm Ripple and the U.S. Securities and Exchange Commission (SEC) recently witnessed the end of their nearly four-year-old legal tussle. Notably, the SEC charged Ripple for allegedly violating securities provisions with its sales of XRP in December 2020. Ripple Secures Partial Victory After three years of constant legal arguments, the judge ruled last July that XRP in itself is not a security. In addition, the court found that Ripple did not violate securities laws…
On September 24, the U.S. Department of Justice (DOJ) filed a complaint against payments giant Visa (NASDAQ: V) in a New York federal court. The complaint alleges that Visa, which processes 60% of all U.S. debit transactions, uses unfair practices such as exclusivity agreements and fines against partner merchants. It also alleges Visa uses its vast resources to entice would-be competitors to partner up rather than compete. While Visa profited $18.3 billion in 2023, an increase of 14% year-on-year (YoY), the DOJ argues that its anti-competitive practices ultimately lead to higher customer prices. It wouldn’t be the first time a…