Author: NBTC
The US Energy Information Administration (EIA) has agreed to discard any data it already collected in response to its emergency Bitcoin mining survey, court documents filed Friday showed. If the agency receives any further data, it has committed to destroying that as well. “EIA will sequester and keep confidential any information it has received or will receive in response to the EIA-862 Emergency Survey until it is destroyed,” the filing said. The agreement with the Texas Blockchain Council effectively terminates a temporary restraining order that had been in effect until March 8, halting the US energy regulators from collecting the…
Payments are one of the most promising areas for blockchain technology. But I believe they are not always well understood, and the discussion sometimes gets confused and overly ambitious. Blockchains could face an uphill battle to replace traditional payment systems even though they look relatively competitive at the moment. On the other hand, I think many people are ignoring the biggest opportunity areas because they are not looking at the true transaction costs. Paul Brody is EY’s global blockchain leader and a CoinDesk columnist. One enduring myth is that old technologies, like mainframes, are driving up the cost of payments.…
Continuing a trend established years ago, top U.S. crypto exchange Coinbase disclosed Tuesday that “some users may be experiencing errors when transacting.” The status update—posted at around 3pm EST—came four minutes after the company reported its previous slate of “intermittent transaction failures” as resolved. These latest technical troubles come hours after the price of Bitcoin surged to a new all-time high—before collapsing after the milestone triggered liquidations and sell-offs. In the frenzied run-up to the new record price, Coinbase was working overnight on availability issues, with a previous status note posted fifteen hours prior. “Some users may experience intermittent errors…
Pixels is undoubtedly the hottest game in crypto right now following last month’s token launch and airdrop, with the Ronin farming game pulling in hundreds of thousands of daily users. Given that success, why then is the gameplay “completely changing” in the coming months? It’s all to do with next week’s initial introduction of in-game guilds, a social finance (SocialFi) feature that takes cues from last year’s crop of buzzy protocols like Friend.tech and Stars Arena. Essentially, players will be able to form in-game guilds via NFT membership passes, which can be resold and granted unique perks and benefits. But…
The Securities and Exchange Commission filed a cease-and-desist against crypto exchange ShapeShift, barring it from operating as an unregistered dealer in the U.S. that listed crypto securities. ShapeShift offered to settle the charges, which the SEC said it accepted. The U.S. Securities and Exchange Commission filed a cease-and-desist against ShapeShift, a crypto exchange that previously operated out of Denver, Colorado, but has since shut down its U.S. exchange operations, alleging it operated before 2021 as an unregistered dealer for cryptocurrencies that were securities. As part of Tuesday’s filing, the SEC said it would accept a settlement offer by ShapeShift, which…
In an ambitious move to transform the DeFi landscape, the Radix Network has unveiled Project Ignition, a staggering $10 million liquidity initiative set to bolster the liquidity for major cryptocurrencies such as USDC, USDT, wBTC, and ETH on its platform. Slated for launch on March 14th, 2024, this groundbreaking program promises to redefine liquidity provision on decentralized exchanges (DEXs). Project Ignition is not your average liquidity-boosting scheme. For every dollar liquidity providers (LPs) commit to the program, they’ll be matched with an equal amount of XRD, Radix’s native token, effectively doubling the liquidity they provide. This means that LPs are…
A wallet reportedly linked to the Ethereum Foundation has liquidated $13.3 million in ETH, raising eyebrows and sparking conversations about a possible price decline. The Ethereum Foundation‘s decision to liquidate $13 million worth of Ethereum (ETH) has left investors contemplating the transaction’s potential impact on the price of the world’s second-largest cryptocurrency by market capitalization. Traditionally, the foundation’s actions are considered precursors to market shifts, triggering concerns about a potential decline. Despite this, Ethereum displays bullish signals as the charts look today. A wallet related to the #Ethereum Foundation transferred 500 $ETH($13.3M) to #Cumberland Forwarder 10 hours ago.The wallet received…
Cathie Wood’s ARK Invest divested over $24 million in Coinbase (COIN) stock this Monday, just as Bitcoin edged closer to its all-time highs. Consequently, Coinbase’s stock dipped 5.2% to close at $216.77 on Tuesday. Cathie Wood’s Ark Invest Sells Off Coinbase Stock ARK offloaded 110,896 shares in a deal worth approximately $24.03 million through the following funds: ARK Innovation ETF (ARKK) ARK Next Generation Internet ETF (ARKW) Ark Fintech Innovation ETF (ARKF) In response to the market’s bullish trend, Wood began reducing her stake in Coinbase. Specifically, the ARKK’s holding of Coinbase shares has almost halved since October 2023. The…
Bitdeer, a pioneering company in Bitcoin mining and AI cloud solutions, has developed a highly efficient Bitcoin mining chip. This chip delivers exceptional power efficiency, significantly boosting Bitcoin mining performance while minimizing power consumption. Bitdeer asserts that the chip will empower the Bitcoin mining community to capitalize on opportunities following the April Bitcoin halving event. Bitdeer Flexes Newest Bitcoin Mining Chip In a recent post on X (formerly Twitter), Bitdeer recognized the imminent challenges awaiting Bitcoin miners. It addressed the upcoming Bitcoin halving in April, which may temporarily reduce miners’ profitability. Bitdeer touted the SEAL01 chip’s efficiency, “The SEAL01 was…
The recent developments in the AI industry have significantly contributed to the tech industry in many ways. The recent use of this cutting-edge technology in detecting crypto exploitation is another such instance, highlighting the potential benefits of this sector in daily life. Although the crypto market has been going through a lengthy downturn, the exploiters have not stopped their activities. AI-Driven System Spots Crypto Exploitation on WOOFi Throughout recent years, such malicious actors kept on advancing their techniques and the use of technology. As per the reports, the methods that such people use have kept on evolving with time. Because…