Author: NBTC
The crypto community is closely following the latest developments at FTX, the cryptocurrency exchange preparing to relaunch after its dramatic collapse. A recent X post by DeFi analyst Hanzo suggests FTX’s debt repayment efforts could ignite a resurgence in the value of certain cryptocurrencies, including its own native token, FTT. 3 | $LUNALUNA is crucial to Terra’s ecosystem and is affected by FTX. FTX listed LUNA, boosting liquidity and market access for Terra.Additionally, Alameda Research, linked to FTX, invested in Terraform Labs! pic.twitter.com/c8AHxERzkO — Hanzo ㊗️ (@DeFi_Hanzo) June 15, 2024 Since its November 2022 collapse, which wiped out billions in…
Amendment to Article 173 of the Penal Code passed with significant support: 29 votes in favor, 7 abstentions. Legislation now moves to Chamber of Deputies; if passed, President Santiago Peña will decide to sign or veto. The Paraguayan Senate has recently passed a measure that imposes severe penalties on unauthorized Bitcoin mining operations. This legislation aims to address the theft of electricity for commercial or industrial purposes by increasing jail terms up to 10 years for those caught mining Bitcoin without proper permissions. Furthermore, the law mandates the confiscation and forfeiture of ASIC mining equipment involved in such activities. The…
Joe Grand, a prominent hardware hacker, has managed to gain access to a cryptocurrency wallet that contains $3 million worth of Bitcoin, The Wired reports. Grand managed to crack a password to the wallet after being contacted by an unfortunate crypto holder from Europe. An encrypted file that was storing the wallet’s RoboForm-generated password got corrupted, which prevented the holder from accessing his Bitcoin fortune that was initially acquired in 2013. Grand, who is known as “Kingpin” in the hacker community, gained popularity after appearing on “Prototype This!” back in 2008. He appeared on the show alongside other investors such…
The term “RWA” — for Real-World Assets — in the DeFi context is sometimes considered confusing and controversial. For one, in finance and banking, “RWA” typically refers to “Risk-Weighted Assets,” which are used to determine capital requirements under regulatory frameworks. Even within DeFi, the concept can encompass a wide variety of asset types, including real estate, commodities, and bonds. Nevertheless, it’s a part of the current crypto cycle narrative that is here to stay. Read more: Empire Newsletter: Crypto natives dig themselves in to the RWA space To provide a simple way to access the category, Index Coop has added…
In a bold prediction that has captured the attention of the crypto community, prominent analyst Jelle has forecasted Ethereum (ETH) to reach an all-time high of $5,000 by the end of the year. This comes on the heels of ETH successfully turning the $3,500 level into solid support, a milestone Jelle highlighted in a recent tweet. Currently, Ethereum is trading at $3,540, reflecting a slight decline of 0.33% over the past 24 hours. Despite this minor dip, there has been a significant increase in trading volume, which has surged by 22.88%, amounting to $12,881,843,193. This uptick in trading activity signals…
Life insurance is the latest traditional financial product to receive crypto’s red-hot tokenization treatment. Infineo, a company that focuses on blockchain-based life insurances, said Tuesday that it has transferred the “first-ever” tokenized life insurance policy on distributed ledger system. The firm minted a total of $9.4 million worth of policies using the Provenance network, according to a press release reviewed by CoinDesk. The policies were tokenized with Provenance Blockchain Labs, the ecosystem development organization behind the Provenance network. Imineo said it is also developing secondary markets for tokenized policies that enable peer-to-peer transactions and new offerings backed by tokenized life…
The Fondazione TON has recently announced the beginning of season 4 of The Open League, its prominent community incentives initiative. This launch not only marks a new chapter in the program but also highlights an important milestone for the foundation: surpassing Ethereum in terms of daily active addresses. This result is a testament to the growing popularity and trust in the TON ecosystem, which aims to integrate cryptocurrency into daily life, offering users financial freedom and digital sovereignty. The Open League: a catalyst for the growth of the TON project The Open League has been fundamental in the rapid rise…
FTX is demanding the return of $5 million that it claims was used to bankroll the purchase of a former hotel that has since hosted events for various right-wing fringe groups. The property, formerly known as the Rose Garden Inn, is a bright pink manor that is now owned by the non-profit Lightcone Infrastructure in Berkeley, California. The charity hosts conferences in the former inn for supporters of ‘longtermism,’ ‘rationalism,’ and ‘effective altruism,’ all popular within Silicon Valley. However, The Guardian reports that supporters of eugenics, scientific racism, and other questionable right-wing movements have spoken at these conferences. Picture of…
According to a house listing from Dallas, Texas, a crypto mining house is for sale in a residential neighborhood. The brick home is equipped with all the necessary supplies to start a data center, including a fully integrated liquid immersion system. High-Tech Crypto Mining Home for Sale in Dallas Neighborhood A newly listed home on Zillow indicates that a property designed for mining digital assets like bitcoin (BTC) is available for purchase. The Zillow listing, first discovered by theminermag.com and detailed in a report on their website, lists the house at $2.4 million. The sale ad describes it as an…
Interested in knowing what is SegWit? Read our in-depth explanation of the technology, its origins, and its uses in the Bitcoin (BTC) network. Table of Contents What is SegWit? How does SegWit work? What is SegWit used for? Advantages and disadvantages of SegWit Conclusion Staying current with technical innovations in crypto is crucial for anyone involved, whether you’re a miner, trader, or enthusiast. Although a few years old, one noteworthy innovation worth knowing about is segregated witness, commonly known as SegWit. In this article, we will help answer the question, “What is SegWit?” We will break down the technology, explain…