Author: NBTC

In May 2022, two and a half years ago, Terra/LUNA was one of the most promising cryptocurrency projects in the space. But its algorithmic stablecoin, TerraUSD (UST), had a fatal flaw. Pair that with a market freakout, and the whole thing imploded. Billions were lost, trust broken, and the crypto space still feels the sting. Today, we’re looking back at what Terra/LUNA was, how it collapsed, and the fallout that followed. What was Terra/LUNA? Terra (LUNA) was a blockchain platform that sought to create a stable digital economy using its algorithmic stablecoin, TerraUSD (UST), which was designed to hold a…

Cardano founder Charles Hoskinson wants to become a major power broker in Wyoming politics after feeling wronged by the system. Cardano founder Charles Hoskinson has never been one to let things slide. Over the past two months, the crypto founder has called out the blockchain selection process for the state of Wyoming’s Stable Token (WST) project, arguing that it was unfair and biased after his project was snubbed. Now, the crypto billionaire looks set to put his money where his mouth is. If You Can’t Beat the System, Influence It? Cardano founder Charles Hoskinson wants to become a major power…

The United States Department of Justice (DoJ) has reportedly obtained the clearance to offload 69,000 Bitcoins ($BTC). As per Glassnode, this potential Bitcoin ($BTC) liquidation raises concerns about a likely impact on the wider crypto market. This development has reportedly gained substantial attention in comparison with the former big-scale $BTC sell-offs. Additionally, it also pushes the market onlookers to look for the likely market response. However, it remains to be seen whether the potential selloff leads to a positive or negative sentiment. The U.S. Department of Justice (DoJ) is cleared to sell 69,000 $BTC – worth over $6B. How does…

The last quarter of 2024 was marked by intense activity across all departments of the IOTA Foundation, not least because of the massive implications of the IOTA Rebased protocol update. With the proposal accepted by a community vote towards the end of the year, all eyes are now on the evolution from the current Rebased Testnet to the Mainnet release in 2025. In the meantime, let’s catch up on the work of the IOTA Foundation‘s teams. Research & Development In Q4 2024, the milestone work on IOTA Rebased was supported by focused efforts across all R&D teams to align infrastructure,…

Pro-XRP advocate John Deaton is calling for the indictment of Sam Bankman-Fried’s parents following reports that they are lobbying for a pardon for their son from former President Donald Trump. Deaton insists that Joseph Bankman and Barbara Fried, the parents of the disgraced FTX co-founder, took customer funds swindled from the crypto exchange. In a post on X today, Deaton replied to a news update regarding Bankman Fried’s parents plea to the 47th US President saying: “Funny, because I’m seeking an indictment of them.” Polymarkets predictions are saying the prisoned American entrepreneur has a 6% chance of receiving a pardon…

While bitcoin’s value slid beneath the $100,000 threshold, bottoming at $91,530 on Feb. 2, its computational muscle flexed to an unprecedented apex. Bitcoin’s Hashrate Taps an All-Time High Data from hashrateindex.com reveals bitcoin’s hashrate soared to a historic zenith of 840 exahash per second (EH/s), maintaining a formidable 837.25 EH/s as of noon ET on Feb. 3, 2025. This computational crescendo followed a stark BTC price drop on Sunday, fueled by debates over the Trump administration’s tariff strategy. The downturn nudged hashprice—a measure of mining revenue—from $59-$60 to $58.19 per daily petahash per second (PH/s). Since stabilizing after a prior…

World Liberty Financial, associated with Donald Trump’s DeFi protocol, has been actively purchasing Ethereum, with investments totaling approximately $200 million since November. This massive buying activity has fueled speculation that Ethereum could see a major price move, with analysts predicting a run toward $4,500 by February 2025. Analysts See Ethereum Push Toward $4,500 On The Paul Barron Network, analyst Evan Aldo revealed that he is expecting ETH to reach this mark ($4500) by mid-March, driven by a strong upward trajectory seen in recent price patterns. According to him, Ethereum could break its previous all-time high by April, potentially reaching $4,300.…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. The full version of Firedancer — a very-performant re-write of Solana’s validator software authored by Jump Crypto — may still be a ways away. But in the meantime, Solana validators still can use a limited version of the client named Frankendancer. Frankendancer was spawned by Jump taking the Agave client, which is descended from the original Solana Labs software, and replacing parts of it piecemeal to create a new client akin to Frankenstein’s monster. Frankendancer went to Solana mainnet in September during Solana’s Breakpoint conference — but…

Satoshi Action Fund CEO Dennis Porter revealed North Dakota has introduced a bill that will protect the rights of Bitcoin miners and holders. In a recent post on Jan. 31, Porter said that North Dakota Representative Nathan Toman has introduced a bill to protect the rights of Bitcoin (BTC) users. “I can confirm that a bill to protect the rights of Bitcoiners has been introduced in the state of North Dakota by Rep. Toman,” wrote the Satoshi Act Fund co-founder and CEO. According to Porter, the bill is set to uphold four main principles related to Bitcoin rights. These include…

El Salvador’s tourism soared in 2024, with bitcoin adoption and safety reforms transforming the nation into a global powerhouse, driving unprecedented economic and tourism growth. Bitcoin-Led Tourism Boom Positions El Salvador as a Global Model Santander US Capital Markets LLC, a division of the global financial giant Banco Santander, published a report on Jan. 10 highlighting El Salvador’s remarkable tourism growth, which has been closely tied to the country’s embrace of bitcoin. Banco Santander, headquartered in Spain and one of the world’s largest banking groups, operates through its various subsidiaries to provide investment insights. The report, shared on social media…