Author: NBTC
Blockchain forensics firm Nansen has uncovered Arkham’s shady $55 million transfers in ARKM, suggesting potential sales on Binance. Arkham Intelligence, a blockchain deanonymization platform backed by Binance and others, has found itself in hot water after its rival Nansen revealed that Arkham sent over $55 million in ARKM tokens to unlabeled addresses, which then allegedly sold the tokens on Binance. In an X thread on Apr. 4, Nansen wrote that Arkham had moved over 25.2 million ARKM tokens over the past few days, with most of the funds gone to “wallets unlabeled on their platform, where a significant portion has…
According to the publicly-listed mining corporation Bitdeer, the company is employing Taiwan Semiconductor Manufacturing Company (TSMC) for its Sealminer A1 mining rigs for the third quarter. Bitdeer also disclosed that it extracted 294 bitcoins in March, marking a 28.4% enhancement over March 2023’s earnings. Ahead of Bitcoin’s Next Halving, Bitdeer Taps TSMC for Proprietary Mining Chips Following the unveiling of its in-house developed application-specific integrated circuit (ASIC), Bitdeer (Nasdaq: BTDR) has rolled out its business update for March 2024. This announcement highlights the collaboration with Taiwan Semiconductor Manufacturing Company (TSMC) on its unique mining processor, the SEAL01. Established in 1987,…
Crypto traders know that many factors affect investing in cryptocurrencies. Timing your Bitcoin (BTC) purchase right can get you more value for the same amount. At the same time, the opposite is true: bad timing can mean that you just wasted a part of your money that you did not have to. Today’s article will discuss the worst day you can pick to buy Bitcoin, explain why you should avoid buying crypto coins on this day, and provide other relevant information on how to properly time your Bitcoin investments. Volatility of Bitcoin Bitcoin price, like that of all crypto, is…
Vanar Chain, which gave clues about the partnership it will announce today in its post yesterday and implied that the company with which the partnership was established according to these clues was Nvidia, made the expected partnership announcement. NVIDIA’s prediction based on the clues turned out to be correct and Vanar Chain announced that they had established a partnership with NVIDIA. “Vanar Chain is thrilled to welcome NVIDIA, the latest addition to the ecosystem! Thanks to NVIDIA’s infrastructure, all projects that are part of the Vanar AI, metadata and gaming ecosystem will gain access to the latest technology. Leveraging the…
A New York jury has begun deliberations in the SEC’s civil fraud case against Terraform Labs and its co-founder Do Kwon The SEC has accused the defendants of misleading investors about the stability of its so-called “algorithmic stablecoin,” Terra USD NEW YORK – Lawyers for the U.S. Securities and Exchange Commission (SEC) rested their case against Terraform Labs and its co-founder, Do Kwon, on Friday, releasing a New York jury to decide whether Kwon and his company are liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payments app. The…
Binance, the world’s most extensive cryptocurrency exchange platform, has unveiled a novel futures copy-trading service called “Discover,” as per the information shared with Finbold on April 5. The innovative, mobile-centric addition employs a straightforward swipe-right-to-like and swipe-left-to-skip mechanism, simplifying the process for copy traders to browse a wide variety of lead trader portfolios. The Discover user experience The new service is rather intuitive: a swipe right adds a portfolio to your favorites, while a swipe left lets you move on to the next option. Moreover, seamless integration allows users to effortlessly toggle between virtual “Mock” fund testing and direct trading.…
In an era where the democratization of technology becomes increasingly crucial to fostering inclusive and sustainable growth, D-Central Technologies is taking a significant leap forward. The company proudly announces the official launch of the Bitaxe Supra, a marvel in the realm of Bitcoin mining that symbolizes a new chapter in open-source technology.—Equipped with the advanced BM1368 chip from the Antminer S21, the Bitaxe Supra stands at the forefront of efficiency and performance, heralding an era where the power of mining is accessible to all, aligned with the foundational principles of Bitcoin itself.Open-Source PhilosophyThe essence of Bitaxe’s innovation lies deeply rooted…
US spot bitcoin ETFs have seen net money leave the category for four straight days, matching the longest streak in their 10 weeks of trading. Put another way, one bitcoin fund’s outflows have accelerated while the others have not been able to offset the bleeding. The 10 BTC funds endured net outflows amounting to $94 million on Thursday, putting the segment’s cumulative bleeding at $836 million so far this week, according to Farside Investors data. Spot bitcoin ETFs in the US have tallied $11.3 billion of net inflows since launching on Jan. 11. The funds saw about $2.5 billion of…
BNB Chain announced that the airdrop program has been launched to provide support to the community. Sharing from account X, BNB Chain included the following statements in its statement: “Introducing BNB Chain’s Airdrop Alliance Program, a program designed to reward the incredible support of our community. What is the Airdrop Alliance Program? This is an attempt by the BNB Chain ecosystem to organize airdrops for retroactive users on BSC and opBNB. We express our gratitude and encourage active participation in our community!” Stating that the BNB Chain Airdrop Alliance Program has started, he said that users should be ready for…
Do Kwon and Terraform Labs were found liable for fraud in a securities lawsuit. Before the verdict was announced, the jury was deliberating whether Kwon and his company were liable for allegedly misleading investors about the stability of Terra USD (UST) and its integration with a Korean mobile payment app. The SEC began its closing argument by explaining to the jury why they should find Do Kwon and Terra responsible for defrauding investors. They argued that there were significant omissions in what Terra told investors about Chai and UST’s algorithm. Using the metaphor of selling someone a car whose brakes…