Author: NBTC
Next month, the Bitcoin network will undergo its fourth halving since its launch in 2009. In honor of that occasion, CoinDesk is publishing a month-long editorial package covering everything from Bitcoin’s changing cultural scene to the technical advancements being planned today. This column is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. It was previously published in The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. There’s a lot happening all at once in…
Source: Screenshot of video via Sen. Elizabeth Warren’s YouTube page Crypto-supportive litigator John Deaton is off to a strong start in his bid to displace Massachusetts Senator Elizabeth Warren from her place in Parliament – at least when it comes to fundraising. John Deaton’s Campaign Fundraising As reported by Eleanor Terret of Fox Business, the lawyer-turned-senate hopeful raised $1.36 million for his campaign Q1, compared to Warren’s $1.1 million. “According to his campaign, Deaton has received donations from prominent figures in the crypto industry such as Ripple execs Brad Garlinghouse, Chris Larsen, Cameron and Tyler Winklevoss, Charles Hoskinson, Jameson Lopp,…
Bitfarms announced on April 12 that it completed upgrades to its Bitcoin mining facilities in two locations, bringing its total hash rate to 7 EH/s. The company installed and activated over 5,000 T21 miners at two facilities in Québec, Canada. Bitfarms installed 3,168 T21s devices at its Garlock, Québec facility, plus 1,710 T21s and 100 M53S+ hydro miners at its Farnham, Québec site. The latest upgrades improve energy efficiency by about 51%. Geoff Morphy, President and CEO of Bitfarms, emphasized the benefit of efficiency, asserting the “transformative nature of [the] upgrade plan.” He noted that greater efficiency prepares the company…
The bridge uses Chainlink’s CCIP tech, which is used by SWIFT, to move a large value of tokens and critical messages safely across blockchains. Bridges serve a key role in connecting individual blockchains, but often are targets of exploits. At the start, Transporter is available for Arbitrum, Avalanche, Base, BNB Chain, Ethereum, Optimism, Polygon, and WEMIX. Data provider Chainlink (LINK) unveiled Thursday its blockchain bridge application called “Transporter,” which allows users to move crypto assets and data across multiple networks. Chainlink’s bridge is available for both individual users and institutions and aims to allow “a cost-efficient way to make high-value…
A popular crypto analyst says technical indicators are suggesting that Bitcoin (BTC) is in the middle of a rapid ascent to the $160,000 mark. Pseudonymous analyst TechDev tells his 439,000 followers on the social media platform X that he’s watching Bitcoin’s relative strength index (RSI) and its Fibonacci extension levels on the monthly timeframe. The RSI is a widely used technical indicator that tracks an asset’s momentum. According to TechDev, every time Bitcoin’s RSI broke above the mid-point of a descending channel, currently near the 65 level, BTC made a run to the 1.618 Fibonacci extension level. With Bitcoin now…
Eleanor Terrett, the renowned FOX Business journalist, just broke the news via Twitter. According to her, Coinbase has officially requested permission from Judge Failla to seek an interlocutory appeal regarding a ruling on investment contracts. This comes in the wake of a stressful time where the interpretation of the Howey Test on cryptocurrencies has become a divisive issue. 🚨BREAKING: @coinbase has filed a motion seeking Judge Failla’s permission to seek an interlocutory appeal on her recent order involving investment contracts. Last month, Failla in her denial of Coinbase’s Motion to Dismiss the @SECGov’s case against it, cited Judge Rakoff’s… —…
Galxe announces the launch of Identity Protocol, introducing an identity infrastructure that focuses on user privacy, security, and sovereignty. Utilizing Zero-Knowledge Proofs (ZKP), the protocol lets users control their digital identity and private data during public verification scenarios. According to the company’s blog, Galxe Identity Protocol aims to empower users with control over their digital identity and private data. The launch marks a new phase in managing and sharing verifiable credentials across the web3 landscape. The protocol uses ZKP technology to allow for the secure authentication of identity without compromising the privacy or integrity of personal information. To address challenges…
Dan Tapiero, CEO of private equity firm 10T Holdings, predicts that the Bitcoin price could easily reach $200,000. This prediction comes as a result of increased demand for Bitcoin through ETFs and the upcoming supply shock that the halving could bring. “I think we could easily see a price close to $200,000. I don’t think that’s too crazy,” Tapiero said in an interview at the Digital Asset Summit in London. He explained that this would be an increase of approximately three times the current price and would roughly correspond to the percentage difference between the 2017 and 2021 highs. Tapiero…
The DeFi ecosystem is on edge as Uniswap, a leading decentralized finance platform, faces scrutiny from the US Securities and Exchange Commission (SEC). The issuance of a Wells Notice to Uniswap’s CEO, Hayden Adams, signals a potential regulatory storm for the DeFi market sector. A Battle That Could Shape DeFi’s Destiny According to Nicola Massella, Legal Partner at STORM Partners, this new lawsuit has sent ripples through the DeFi sector, underscoring the gravity of the situation. The SEC’s allegations that Uniswap operated as an unregistered securities broker and exchange have raised concerns. “This action against Uniswap marks the SEC’s first…
According to Messari’s insights, over $300 million has been bridged to zkLink Nova, making it the largest L3 network in terms of total value bridged. Abstract figures of blockchains resolving and revolving around each other in layers, representing how zkLink addresses liquidity fragmentation issues in Ethereum. Layer-3 (L3) solutions on the Ethereum ecosystem have sought to address the issues of liquidity fragmentation and weak composability. These two issues are an indirect result of the rapid growth of Ethereum Layer-2 (L2) rollups. A recent report from Messari highlights the impact of zkLink Nova, a zero-knowledge L3 infrastructure provider that works to…