Author: NBTC

Bitcoin mining profitability dropped in September, the bank said. Jefferies said October could be a harder month for the sector as the hashrate has risen 11%, more than offsetting the 5% increase in the bitcoin price. North American listed mining companies mined a larger share of the network in September than August, the report said. Bitcoin (BTC) mining profitability fell in September from the month before, as the average price of the world’s largest cryptocurrency was broadly unchanged while the network hashrate rose about 1.7%, Jefferies said in a research report Sunday. The investment bank noted that average daily revenue…

Charles Hoskinson introduces Cardano’s “Bill of Rights,” outlining 11 blockchain tenets for governance, privacy, efficiency, and user protections. In a recent broadcast, Charles Hoskinson, founder of Cardano, outlined a framework for blockchain governance that he described as a “Bill of Rights” for the Cardano ecosystem. His announcement marks a significant development in the blockchain’s evolution, aiming to establish a governance model that ensures user rights and expectations are clearly defined. The move is part of an ongoing effort, with over 50 workshops conducted and elected delegates helping to craft a comprehensive constitution for Cardano. Cardano Blockchain Tenets https://t.co/SnpR98Rt3S — Charles…

Trump-backed DeFi venture is set to launch its WLFI token sale on Tuesday, just three weeks before the US presidential election. Key Takeaways A potential assassination plot against Trump occurred ahead of the World Liberty token sale. The police assessed that the incident did not pose a direct threat to Trump or the rally attendees. Donald Trump recently faced a potential assassination plot in the lead-up to the token sale of World Liberty Financial, a DeFi project backed by the Trump family. Police reported on Saturday that they arrested an armed man with a fake VIP and press pass at…

Crypto markets have remained tightly range-bound over the weekend, with volatility declining, but that may be about to change. Retail sales and manufacturing reports are released this week. These are often used as indicators of economic conditions and potential changes in inflationary trends. “We now have the Fed, election, geopolitical tensions, and earnings in the spotlight,” commented the Kobeissi Letter. Economic Events Oct. 14 to 18 Last week’s slightly hotter-than-expected CPI came along with a rise in jobless claims, which added to investor confusion about the direction of the US economy. Additionally, the FOMC minutes revealed that most of the…

Billy Markus, who collaborated with Jackson Palmer to create the original meme cryptocurrency DOGE in 2013, has shared his take on the massive 21% increase in the coin’s price last week. Markus did it, sticking to his traditional ironic style and criticism of the cryptocurrency market. Why did DOGE surge 20%? Markus sheds light Last week, the largest meme cryptocurrency in terms of market capitalization value, Dogecoin, stunned the crypto community and meme coin lovers with an astounding growth of more than 21%. Between Wednesday and Saturday, DOGE skyrocketed from $0.10745 and succeeded in reaching a local high of $0.13.080.…

Vice President Kamala Harris has unveiled plans to establish a regulatory framework for cryptocurrency and digital assets, aiming to protect Black men who invest in these markets. This initiative is part of her broader Opportunity Agenda, which seeks to provide tools for wealth creation and economic advancement within the Black male community. As outlined in the agenda, more than 20% of Black Americans own or have owned digital assets. The proposed regulatory framework intends to safeguard investors and owners in this space against potential risks and promote fair access and participation in financial innovation. Per the Vice President’s plan, this…

With 4% of the global Bitcoin mining capacity currently possessed by the UAE, nations like the US, China, and Russia face significant competition. To reduce the cost of mining Bitcoin, the UAE is changing to nuclear and solar energy, targeting carbon neutrality by 2050. The UAE is growing as a major location for blockchain development and Bitcoin mining due to unique free zones and strict regulations. According to CNBC Arabia, the UAE has become an important part of the global cryptocurrency, thanks to its cutting-edge energy solutions. Over three years ago, the area built one of the biggest hydro-cooling mining…

Aptos has launched VibrantX, a platform to streamline and standardize decentralized finance (DeFi) operations across its ecosystem. VibrantX is positioned as a DeFi portfolio management hub, providing users with portfolio management dashboards and yield optimizers. With a points system that rewards participation in activities such as lending, staking, and liquidity provision, the platform aims to attract both existing and new users with the VibrantX points system. The points system has been designed to be adaptable and inclusive, allowing users to earn points retroactively, starting in January 2024. For early adopters, the platform’s initial lending and staking options are rewarding, as…

Microstrategy’s stock, MSTR, has soared 1,620% since the company adopted a bitcoin-centered strategy, far outpacing bitcoin itself, the S&P 500, and tech giants such as Nvidia. The company’s bitcoin holdings now exceed 252,000 BTC. Microstrategy’s executive chairman, Michael Saylor, remains bullish about bitcoin’s price as his company plans to further boost its BTC investments. Microstrategy’s Bitcoin Plan Delivers Massive Stock Gains Microstrategy’s stock (Nasdaq: MSTR) has surged 1,620% since the company adopted its bitcoin-focused strategy, eclipsing the gains of BTC, the S&P 500, and major tech stocks. Over the weekend, executive chairman Michael Saylor highlighted this performance on social media…

Vladimir Kalnitsky, a well-known developer who worked on the cardano-transaction-lib (CTL), announced recently that he was leaving the project, marking yet another major departure for the Cardano ecosystem. His exit exacerbates worries about the platform’s capacity to attract and retain talent in the quickly changing blockchain industry. Why leave Cardano? Despite having gained invaluable experience working with Cardano’s PureScript ecosystem, Kalnitsky stated that he no longer has a passion for functional programming, especially Haskell, which has been essential to Cardano’s development. This opinion highlights that despite Haskell’s elegance, there is a significant barrier to attracting new developers, which is in…