Author: NBTC
The cryptocurrency market has made a significant recovery this week after the major crash it experienced last week. The reasons for last week’s decline were listed as geopolitical risks, the FED, and the strengthening of Kamala Harris in the US elections. Bitcoin price, which fell to $49,000 during the decline, is trading at $60,175 at the time of writing. In addition, in the new week, a large number of token unlocking operations will take place in many altcoins and the circulating supply of these altcoins will be diluted. Here is the weekly token unlock calendar that we have prepared specially…
District Judge Katherine Polk Failla ruled in favor of a trial against Tornado Cash and Roman Storm, causing an outcry from the crypto community. Judge Failla denied the defendants’ motion to dismiss, asserting that the possible uses of code were not protected as speech under the First Amendment. Arguments that the crypto mixer operated differently from money-transmitting businesses were also overruled in the Southern District of New York. The general crypto caucus reacted with outrage to Judge Failla’s ruling. Social media users expressed concern that the court’s decision endangered open-source development and developer freedom. Tornado Cash and its co-founder, Roman…
Space Nation, a budding transmedia franchise, has “soft launched” its massively multiplayer online role-playing game (MMORPG) Space Nation Online as it eyes up the goal of becoming the next Star Wars. The developers believe that the newly released game, built on blockchain, will be the centerpiece to its expanding sci-fi IP. Space Nation Online will spend 12 weeks in this soft-launched phase as the team limits player access and stabilizes the in-game economy. Once this is complete, the game—built on Ethereum scaling network Immutable zkEVM—will be set up for a global launch that will attempt to bring in a wider…
Bitcoin has been the subject of recent media attention, not only due to its price increase above $65,000 but also due to the extraordinary inflows into spot Bitcoin ETFs. These inflows, according to Farside Investors, have reached a remarkable $365 million as of September 26, 2024, which is indicative of the increasing institutional interest in the cryptocurrency market. Record Inflows Amid Market Optimism The biggest daily flow for the month came from BlackRock’s Bitcoin ETF, which surged about $184 million on September 25, 2024. This spike coincides with withdrawals from numerous other ETFs, indicating a significant change in institutional investors’…
Ethereum (ETH) is displaying conflicting market indicators, as on-chain data developments are met with constant outflows from spot Ethereum exchange-traded funds (ETF). According to IntoTheBlock’s “On-chain Insights” newsletter, ETH’s price surged over 7% in the past week, with addresses “in the money” increasing from 59% to 66%. Additionally, 82% of ETH volume is currently in profit. Moreover, network activity has seen a significant uptick, with weekly fees reaching $45 million, the highest since June 10, 2024. The Ethereum derivatives market also shows renewed optimism, evidenced by a positive shift in the 30-day moving average of funding rates. However, these positive…
The Akash Network (AKT) surged once more as the platform gained investor interest in the decentralized cloud computing scene. According to Coingecko, the token is up 20% since last week as the fear, uncertainty, and doubt the market experienced died down. The platform is slowly expanding its operations with new additions to Akash that will benefit both investors and Akash service consumers alike. Along with the market’s general bullishness, it seems that AKT will see tremendous growth in the long term. Network Utility Reaches Almost Half As Renters Double August 10th revealed that the platform’s GPU utility rate has reached…
Swan Bitcoin has filed suit against a group of former employees and consultants, alleging they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner. The lawsuit accuses six employees of looting Swan’s trade secrets – including “highly proprietary code,” hash-rate optimization techniques, and financial models – and using them to create an “illegal facsimile” of Swan’s bitcoin mining operation called Proton Management. After two months of pilfering and planning, the lawsuit claims, the coup-de-grace came on Aug. 8, when they and several…
The number of Bitcoin being held on cryptocurrency exchanges has recently dropped to a new five-year low after beginning a significant decline earlier this year, to the point that there are now around 2.6 million BTC on these platforms, down from around 3.3 million two years ago. That’s according to data from cryptocurrency analytics firm CryptoQuant, which analyzes the amount of BTC being held on wallets associated with cryptocurrency exchanges on-chain. These exchange wallets pool the funds of the platform’s users, and reflect the amount of Bitcoin available for sale on the market. #Bitcoin balance on exchanges just hit an…
According to a recent report from Coinbase, Ethereum transaction fees have been on the rise over the past week amid a significant increase in blockchain activity. The report highlights increased on-chain activity across the Ethereum network, as well as a notable increase in average gas (transaction fee) prices. Ethereum Network Transaction Fees Experience Huge Increase Between September 16 and September 26, the average gas price on Ethereum increased by 498% compared to the previous 30-day average. As a result, the median transaction cost has increased sharply from just $0.09 at the beginning of the month to $1.69, according to Coinbase…
Jasmy empowers individuals to control and monetize their personal data, enhancing digital freedom and privacy. Jasmy’s decentralized platform protects privacy and reinforces user autonomy in the digital landscape. Jasmy envisions a future where personal data is respected as a form of capital, crucial for digital freedom. In the digital age, personal data is more than just information—it’s capital. As technology evolves, the relationship between individuals and their data raises important questions about freedom, property, and autonomy. Jasmy, a blockchain-based platform, is addressing these concerns with a vision that redefines how we manage and control our personal data. #Jasmy Towards a…