Author: NBTC
Perhaps the best way to decentralize the Bitcoin network is through home mining, and things are trending in the right direction. Yesterday, Solo Satoshi announced the Bitaxe Touch, the latest device in the world of home bitcoin mining. This new device will utilize the BM1370 ASIC chip from the Bitmain S21 Pro and will be able to reach a hashrate of up to 1.6 TH/s. It will also feature a touch screen that displays Bitcoin network stats including the total network hashrate, overall network difficulty and the block height. Say hello to the future of Bitcoin home mining.The world’s first…
The price of the largest cryptocurrency, Bitcoin (BTC), recently enjoyed a remarkable rally that pushed its price as high as $99,860 on major U.S. exchange Coinbase. However, the euphoria may be short-lived as financial expert and popular TV host Jim Cramer has stepped into the picture with a rather bullish attitude. Cramer is no stranger to making statements that often defy prevailing trends and shatter expectations. His influence has grown so much that it has spawned the “Inverse Cramer” phenomenon, where investors do the opposite of his advice. As often as not, he has taken to live television to share…
Avalanche has sparked excitement in the cryptocurrency sector by announcing its engagement with the new U.S. administration. Emin Gün Sirer, the CEO of Ava Labs, hinted that this initiative may have a favorable effect on the price of the AVAX token. Following the news, traders witnessed a swift uptick in AVAX’s market value. Contents hide 1 What is the Impact on AVAX Price? 2 How Does This Relate to Other Cryptocurrencies? What is the Impact on AVAX Price? On December 2, Emin Gün Sirer confirmed that discussions with the incoming Trump administration have commenced. He underscored that the objective is…
Bryan Steil has been named chair of the House Financial Services Committee’s Subcommittee on Digital Assets, Financial Technology, and Artificial Intelligence. In this role, he will lead efforts to regulate digital assets and oversee policies for emerging technologies. The Wisconsin representative has supported major crypto-friendly legislation, including FIT-21 and SAB 121. FIT-21 focuses on establishing clear regulatory frameworks for digital assets, ensuring innovation thrives in the US while safeguarding investors and promoting market transparency. SAB 121 seeks to address regulatory inconsistencies by advocating for a unified approach to digital asset policies, preventing innovation from being pushed overseas. “Digital assets are…
FTX Creditor Linda Favario has filed a complaint with the US Bankruptcy Court over the extravagant spending of the FTX Administrators. In her letter dated December 17, 2024, Favario called the court’s attention to the excessive expenses, noting that it is a norm for bankruptcy professionals. The creditor’s letter follows similar concerns that bankruptcy judge John Dorsey raised during the December 12, 2024, hearing. Dorsey highlighted three questionable expenses in that hearing, including an $8,251 airline ticket, a $134 Uber ride, and a $120 hotel room meal. According to Favario, these expenses are only a few of the extravagant spending…
Despite the decline in BTC mining output, Bit Digital increased its BTC and ETH holdings through diversification in both assets. Strategic Diversification Key to Bit Digital Crypto Holdings Bit Digital, a bitcoin mining firm produced 32.4 BTC in Dec. 2024, a 27.8% drop from the previous month. This is according to the company’s production update published on Wednesday, Jan. 8. The company’s custodial portfolio modifications, ongoing mining asset redeployments to new sites, and the retirement of older mining equipment were the primary causes of the decline. The active hash rate for Bit Digital was approximately 1.8 EH/s. As of Dec.…
With Bitcoin (BTC) seemingly struggling to breach the $100,000 resistance, technical indicators point to a possible incoming correction. Indeed, there was general market euphoria after Bitcoin hit a new record high above $99,000. The markets were waiting for the asset to clinch the six-figure valuation, supported by strong fundamentals such as sustained buying pressure and post-election optimism. Now, Bitcoin is presenting a sell signal based on the TD Sequential indicator on the 12-hour chart, suggesting the asset faces the risk of plunging below the $90,000 mark, according to analysis shared by Ali Martinez on November 23. In this case, the…
The enigmatic SHIB lead known under the pseudonym Shytoshi Kusama has made an important statement about what he referred to as “new bad actors,” warning them that their plans would be overthrown by counter actions from the SHIB team. Shytoshi promises to defend DAO Kusama said that he had a revelation “in a dream” about “the shadowcats plan to take over the DAO” meaning the DAO Governance (DAO standing for a decentralized autonomous organization) that the SHIB team is working on, planning to transition the governing functions over the ecosystem to every SHIB holder “regardless of the size of their…
In a recent statement, Gary Gensler, the outgoing Chairman of the U.S. Securities and Exchange Commission (SEC), spoke about the nature of his role overseeing the $120 trillion U.S. capital market, opening up about its integral role in the economy. The SEC Chairman addressed the criticism he’s received during his tenure, notably from high-profile figures like President-elect Donald Trump and billionaire Elon Musk. In an interview with Bloomberg, Gensler recalled a quote from former Secretary of State Hillary Clinton: “If you’re not willing to be attacked, you can’t go into the public square and debate policy. This role is about…
LI.FI has integrated crypto.com into its Onchain Wallet. This collaboration allows users to easily perform same-chain and cross-chain swaps within the Onchain Wallet. The integration increases the number of trading pairs from almost 70 to over 300, which adds to the platform’s value and usefulness. The @cryptocom Onchain wallet is now integrated with @lifiprotocol 🎉Onchain wallet users can execute swaps across multiple chains right from within the Onchain wallet app, and securely manage 1100+ tokens across 30+ chains.Learn more: https://t.co/Z7OtczxmcA pic.twitter.com/Swmlnr8nwG — LI.FI (@lifiprotocol) January 7, 2025 Through LI.FI’s aggregation stack consists of over 30 decentralized exchanges, DEX aggregators, and…