Author: NBTC
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security. The White House order said the British Virgin Islands company behind MineOne, which is majority owned by Chinese nationals, must remove all the improvements and mining equipment on the property located within a mile of the military facility in Cheyenne – a base that houses Minuteman III nuclear missiles. The company, which bought the property in 2022, was accused of acquiring the land and starting work there without filing with the Committee on…
Bitcoin (BTC) fees skyrocketed to their highest level, above $100, as the halving occurred, racking up over $2.4 million in mining fees. As a result, users, enthusiasts, and investors may turn to low-fee cryptocurrencies for efficient alternatives, potentially increasing their market demand. The 12,000-followers cypherpunk influencer, who goes by the alias Untraceable on X (formerly Twitter), believes an extended high-fee period for BTC can drive the cryptocurrency market focus to altcoins, possibly igniting an altseason. Is the Nano feeless network vulnerable to spam? Interestingly, the feeless design decision has received much criticism over the years from competing cryptocurrency supporters and…
A whale address recently moved 11 million Solana (SOL) worth $1.57 billion as SOL dropped below $146, stirring market speculation about the potential motives behind the move. According to a disclosure from whale-tracking resource Whale Alert, in the past 24 hours a huge transfer occurred on the Solana blockchain where over 11 million SOL tokens, worth about $1.57 billion at the current market rate, were transferred. 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 🚨 11,000,000 #SOL (1,565,733,797 USD) transferred from unknown wallet to unknown new wallethttps://t.co/ao86Kjdnaz — Whale Alert (@whale_alert) May 8, 2024 The transaction occurred between unidentified…
Poloniex’s exchange data seen by crypto.news displays what appears to be a partially abandoned platform, with over 500 trading pairs showing no trading volume. Cryptocurrency exchange Poloniex, acquired by Justin Sun in 2019, demonstrates a concerned lack of activity as the majority of all spot trading pairs listed on it barely have any trades at all. According to the exchange’s data for spot trading pairs which displays stats for the past 24 hours, 521 trading pairs out of 981 showed less than $1 or even $0 in daily trading volume as of May 13, accounting for approximately 53% of all…
Fiat currencies are evaluated on a variety of factors from usability and integrity to interest rates and demand; ultimately, bitcoin should be assessed on a wider set of criteria. The price of bitcoin has long been a media obsession. Every industry milestone appears defined solely by the price of bitcoin the following day: “Bitcoin price falls 15% following launch of ETFs,” crowed the Financial Times, following the US Securities and Exchange Commission’s bitcoin ETF approval in January. This is slightly unfair. Between July and November last year, the euro fell 7% against the US dollar, and no one questioned the…
Crypto strategist Michaël van de Poppe believes that Ethereum (ETH) is close to witnessing a big trend shift. Van de Poppe tells his 717,600 followers on the social media platform X that he doesn’t expect the U.S. Securities and Exchange Commission (SEC) to approve pending applications for spot Ethereum exchange-traded funds (ETFs) in the coming weeks. The SEC is slated to approve, delay or deny the ETH ETF applications by financial giants Hashdex and Ark 21Shares on May 30th after postponing it in March. Van de Poppe predicts that the SEC’s decision will end up being a pivotal point for…
In an extraordinary display of market momentum, Shiba Inu has clinched the second spot in VanEck’s MarketVector’s Meme Coin Index. This achievement is a big milestone for Shiba Inu, which continues to attract the attention of the cryptocurrency community. MarketVecto, a VanEck subsidiary, has joined the meme coin bandwagon, launching a new index focused on the hugely popular token category. The meme coin index, which trades under the ticker MEMECOIN, tracks the top six meme tokens. MarketVecto, a subsidiary of American asset management giant VanEck, launched the Meme Coin Index, including Dogecoin (30.77%), Shiba Inu (28.34%), Pepe (14.51%), dogwifhat (12.54%),…
In a significant development for the cryptocurrency ecosystem, Core, a Bitcoin-powered blockchain with EVM compatibility, has teamed up with Alchemy Pay to provide users with streamlined fiat-crypto onramping and offramping services. This collaboration aims to enhance accessibility and user experience within the Core ecosystem while expanding the utility of both platforms. Simplifying Fiat-Crypto Interactions With the integration of Alchemy Pay’s On & Off-Ramp services into Core’s ecosystem, developers and users can now seamlessly access fiat-crypto conversion services directly through the platform’s “Explore-Ecosystem” portal. By navigating to the dedicated “Ramp” category, Core users worldwide gain convenient access to a range of…
Grayscale’s new ETF product, the Bitcoin Mini Trust has set fees at 0.15% Grayscale said it will contribute around 10% of GBTC assets to the Mini Fund, some 63,204 bitcoin. Bitcoin ETF provider Grayscale has provided some details of its spin-off fund, the Bitcoin Mini Trust (BTC), including a more competitive 0.15% fee than the uplisted mothership GBTC product, according to a pro forma financials in its latest filing. The filing also provides an illustrative example of the amount of Bitcoin (BTC) Grayscale will contribute to the mini fund: 63,204 bitcoin, or 10% of existing assets in GBTC, as per…
Ethereum price is gaining bearish momentum below $2,950. ETH might continue to move down toward the $2,550 support in the near term. Ethereum struggled to clear the $2,950 resistance and started a fresh decline. The price is trading below $2,920 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $2,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bearish momentum if there is a move below the $2,850 support. Ethereum Price Extends Losses Ethereum price failed to continue higher above the $2,950 resistance, like Bitcoin. A…