Author: NBTC
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, with a focus on high-return tokens. Andrea Childs, previously employed as the senior vice president of operations and marketing at Foundry, has been appointed CEO of Fortitude Mining. Mike Colyer remains the CEO of Foundry, which provides digital asset infrastructure to the crypto ecosystem. “Spinning…
Enso, a leader in blockchain shortcuts, is supporting Boyco, a platform on Berachain that helps solve the liquidity problem for new blockchains. Boyco allows decentralized apps (dApps) and liquidity providers (LPs) to secure liquidity before launch, making it easier for Berachain to get up and running.—Boyco, using the Royco Protocol, changes the way liquidity is secured for new blockchain networks. It gives dApps the ability to offer rewards directly to users for providing liquidity, cutting out middlemen and ensuring liquidity is available from the start. This method ensures that liquidity is productive and helps Berachain grow efficiently.Already, Boyco has secured…
This is a segment from the Empire newsletter. To read full editions, subscribe. Given the volatility we saw yesterday, I thought it might be a good time to do a mini temp check. We saw bitcoin briefly drop below $90,000 on Monday, and this morning we’re back up over $96,000. The volatility seems like it’s here to stay, perhaps until Inauguration Day. ETH, shadowing bitcoin’s movements, also took a tumble before regaining momentum. And then there’s top AI agent coin AI16z, which is up 21% in the past 24 hours, having bounced after undergoing its own selloff. Ah, the diversity…
In the last 24 hours, XRP has experienced a notable price recovery in South Korean markets, up by 8% against the country’s local KRW currency. It also has a 6.9% spike in global crypto exchanges. This surge comes amid growing speculation that the ongoing legal battle between Ripple Labs and the US SEC could come to a close soon. According to market analysts, this will add to the Trump rally effect and usher in a new era of workable crypto regulations. According to market data from TradingView, Ripple (XRP) has witnessed a surge in market activity, including trade and purchases.…
In a recent announcement, major cryptocurrency exchange Binance indicated that it will temporarily suspend deposits and withdrawals on the Cardano network on Jan. 29, 2025, due to the upcoming Cardano hard fork. This measure is standard practice during major network upgrades to prevent any potential issues or disruptions. The upcoming Plomin hard fork is a key event for the Cardano network, aiming to implement crucial governance upgrades. Binance stated in its announcement that starting on Jan. 29, 2025, at approximatey 8:45 p.m. (UTC), it will suspend deposits and withdrawals of token(s) on the Cardano (ADA) network to support the Plomin…
A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology. Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts of math problems to validate transactions. Some have criticized the process as being too energy-intensive, while others have argued the opposite. Quantum computing involves moving away from a process reliant on binary code, ones and zeros, which open and close transistor gates. Quantum bits (qubits)…
Peter Schiff, a noted macroeconomic analyst and gold advocate, recently shared his perspective on Japan’s economic policies, while also expressing strong skepticism about the concept of Bitcoin (BTC) as a strategic reserve. Noting that the Bank of Japan’s efforts to raise inflation over the past decade have backfired, Schiff suggested that the economy would have been in better shape if inflation had remained below 2% rather than above 3.4% as it is now, a scenario that he believes would have prevented the accumulation of major government debt. In response to a follower’s suggestion that several countries, including the United States,…
After Melania Trump launched her own memecoin on Sunday, positioned as a rival to $TRUMP, Donald Trump’s memecoin saw a 40% drop before rebounding. “The official Melania meme is live,” the incoming first lady of the U.S. posted to X, with a link to a website selling the cryptocurrency. “You can buy $melania now.” Within hours, the price of the digital asset jumped to more than $12—with an accompanying market cap of more than $12 billion, according to cryptocurrency tracker DEX Screener. Following the crash, $TRUMP surged back above $64. Robinhood has officially listed $TRUMP on its exchange. Additionally, Donald…
The ongoing legal battle between the SEC and Ripple Labs has been one of the most closely watched cases in the cryptocurrency world. As the case continues to develop, experts and industry insiders are speculating about the possible outcomes and their broader implications for the future of crypto regulation in the United States. In an interview with Thinking Crypto, Crypto supporter, attorney and founder of Crypto Law John Deaton weighed in on this matter and opened up about three scenarios The Appeal Continues One of the paths for the SEC vs Ripple case is that the appeal process could continue.…
Justin Sun-advised HTX recently received $500 million worth of Tether (USDT), which it quickly moved between addresses and then distributed to various non-HTX addresses. HTX distributes a tool to help verify its proof-of-reserves process, and a review of that address shows that as of January 1, HTX disclosed $696 million total USDT. This was largely made up of $552 million USDT-aETHUSDT — Tether lent on AAVE — meaning HTX only had approximately $145 million USDT that wasn’t lent out. That is until yesterday when it received $500 million directly from the Tether Treasury to TDToUxX8sH4z6moQpK3ZLAN24eupu2ivA4. This address was included in…