Author: NBTC
El Salvador has mined 473.5 Bitcoin (BTC) over the past three years using the geothermal power of the Tecapa volcano, Reuters reported today. Based on Bitcoin’s current price, this amount has translated into a $29 million increase in value. The nation’s total Bitcoin holdings now reach 5,750 BTC, equivalent to nearly $354 million, according to data from the Bitcoin Office, a government-owned agency. El Salvador’s mining initiative places the country at the forefront of eco-friendly crypto mining, a stark contrast to the energy-intensive methods typically scrutinized for their environmental impact. President Nayib Bukele, a vocal Bitcoin supporter, has been driving…
Bitcoin (BTC) held steady around $63,700 in the aftermath of the cryptocurrency’s fourth halving, an event that upends the economics for the miners who power the Bitcoin ecosystem. BTC recently barely moved from its level right before the 840,000th Bitcoin block was mined just as Saturday began in UTC time. Bitcoin had slumped as low as $59,685 on Friday before rebounding above $65,000. The halving has historically been a precursor to a rally in the price of bitcoin, with the last one, in May 2020, giving way to a run up from $9,500 to $65,000 during the subsequent year. But…
After a technical proposal to improve Ethereum wallets met with some opposition, a familiar figure swooped in last week to devise an alternative: none other than Vitalik Buterin, the blockchain’s co-founder. It reportedly took him 22 minutes. The origin of the story dates back to last month, when Ethereum developers decided to include Ethereum improvement proposal EIP-3074 – allowing for certain functions in wallets to be controlled by smart contracts – in its next big network upgrade, known as the Pectra hard fork. The work to make Ethereum wallets less clunky is part of a technological move called account abstraction,…
While the leading cryptocurrency Bitcoin affects altcoins with its price performance, some altcoins are astounding with their rise. Among the altcoins experiencing an increase, artificial intelligence altcoins came to the top, with Arweave (AR) and Render (RNDR) taking the first two places. At this point, AR is 40% in the last week; While RNDR pleased its investors with a 39.6% increase, it was seen that whale accumulation was behind the RNDR rise. According to Lookonchain’s post, whales have accumulated significant amounts of RNDR in recent days. Accordingly, 0x15CF received 748,898 RNDR (worth $5.3 million) from Binance on April 30 and…
Russia is considering a crackdown on cryptocurrencies in an effort to get control of a market that has previously operated mostly beneath the radar. The State Duma, the lower chamber of the Russian Parliament, is now debating a measure to regulate cryptocurrencies in Russia. The document specifies a comprehensive ban on the establishment of cryptocurrency circulation as of September 1, 2024, with exceptions for officially registered miners and initiatives approved by Russia’s central bank. According to the proposal, only Russian enterprises and individual entrepreneurs listed in a special register would be authorized to mine cryptocurrency. Private persons will be allowed…
Ethereum trading card strategy game Apeiron has announced a huge $1 million prize pool for its very own world championship. Apeiron Guild Wars 2024 will see the top 12 guilds—the Ronin Network game’s version of a clan—battle it out to reach the in-person finals, which is slated to be hosted in Hong Kong in Q3 2024. On this stage, players will showcase their skills for a share of the sizable prize pool. A total of $1 million worth of prizes will be awarded to participants based on where they place within the tournament, with specific allocations yet to be finalized.…
Interactive Brokers (Nasdaq: IBKR) has expanded its offerings on its platform in the United Kingdom by launching cryptocurrency trading. Investors, both individuals and institutional, onboarded under the brokerage’s UK entity can now trade four cryptocurrencies: Bitcoin, Ethereum, Litecoin, and Bitcoin Cash. Announced today (Wednesday), the US-headquartered broker has introduced crypto services in partnership with Paxos, similar to its services in its home country. Although offered in partnership with a third-party crypto exchange, Interactive Brokers highlighted that its users can trade cryptocurrencies along with instruments of other asset classes from the same brokerage account. “Introducing cryptocurrency trading gives UK clients enhanced…
On-chain data shows that the largest number of investors in the Bitcoin market are finally buying, which could be bullish for the asset’s value. Bitcoin Mega Whales Have Shown Net Inflows In The Past Day In the past few weeks, the Bitcoin price has struggled to mount any significant bullish momentum as it has been stuck consolidating inside a range. Earlier, while this was happening, the largest holders in the space had been sitting quietly, not buying or selling anything notable. According to data from the market intelligence platform IntoTheBlock, however, this appears to have changed in the past day.…
The Securities and Exchange Commission (SEC) may soon assert that Ethereum is a security in its expected rejections of several spot Ethereum ETF applications, a lawyer who specializes in digital assets warned Tuesday. The regulator is due to decide on VanEck’s application for such a product on May 23, followed by a final decision deadline for ARK Invest/21Shares’ application the next day. BlackRock, Fidelity, and Grayscale also have applications on the SEC’s desk. In March, the SEC put forth potential “grounds for [the] disapproval” of BlackRock’s application and Nasdaq’s proposal to list BlackRock’s product. One question the SEC posed in…
GameStop stocks GME triggered a circuit breaker today after a 54% rise, according to multiple reports. The volatility is tied to the return of RoaringKitty on X this Monday, after a nearly three-year hiatus from public apparitions, as reported by Crypto Briefing. $GME Paused due to volatility x4 (+90%) — *Walter Bloomberg (@DeItaone) May 13, 2024 Keith Gill, RoaringKitty’s real name, is largely credited for spiking the GameStop stock surge in late 2020. Gill worked as a financial analyst, became convinced that GameStop stock was undervalued, and shared this belief on X and YouTube using the handle RoaringKitty. Meanwhile, meme…