Author: NBTC

Swan Bitcoin has filed suit against a group of former employees and consultants, alleging they “hatched and executed a ‘rain and hellfire’ plan” to steal its lucrative bitcoin mining business with the help of Tether, Swan Bitcoin’s one-time ally and fundraising partner. The lawsuit accuses six employees of looting Swan’s trade secrets – including “highly proprietary code,” hash-rate optimization techniques, and financial models – and using them to create an “illegal facsimile” of Swan’s bitcoin mining operation called Proton Management. After two months of pilfering and planning, the lawsuit claims, the coup-de-grace came on Aug. 8, when they and several…

The number of Bitcoin being held on cryptocurrency exchanges has recently dropped to a new five-year low after beginning a significant decline earlier this year, to the point that there are now around 2.6 million BTC on these platforms, down from around 3.3 million two years ago. That’s according to data from cryptocurrency analytics firm CryptoQuant, which analyzes the amount of BTC being held on wallets associated with cryptocurrency exchanges on-chain. These exchange wallets pool the funds of the platform’s users, and reflect the amount of Bitcoin available for sale on the market. #Bitcoin balance on exchanges just hit an…

According to a recent report from Coinbase, Ethereum transaction fees have been on the rise over the past week amid a significant increase in blockchain activity. The report highlights increased on-chain activity across the Ethereum network, as well as a notable increase in average gas (transaction fee) prices. Ethereum Network Transaction Fees Experience Huge Increase Between September 16 and September 26, the average gas price on Ethereum increased by 498% compared to the previous 30-day average. As a result, the median transaction cost has increased sharply from just $0.09 at the beginning of the month to $1.69, according to Coinbase…

Jasmy empowers individuals to control and monetize their personal data, enhancing digital freedom and privacy. Jasmy’s decentralized platform protects privacy and reinforces user autonomy in the digital landscape. Jasmy envisions a future where personal data is respected as a form of capital, crucial for digital freedom. In the digital age, personal data is more than just information—it’s capital. As technology evolves, the relationship between individuals and their data raises important questions about freedom, property, and autonomy. Jasmy, a blockchain-based platform, is addressing these concerns with a vision that redefines how we manage and control our personal data. #Jasmy Towards a…

The U.S. Securities and Exchange Commission (SEC) settled charges with Mango DAO, Mango Labs LLC and Blockworks Foundation alleging that the MNGO token was an unregistered security and that the latter entities offered unregistered broker services. The entities will destroy their MNGO tokens and ask crypto exchanges to stop trading the tokens, as well as pay $700,000 total as part of the settlement, which is still subject to a court’s approval, the SEC announced Friday in a press release. The settlement comes just over a month after Mango DAO held an open vote on whether it should adopt the settlement…

Suze Orman, a well-known financial advisor, advocates for bitcoin exposure, despite contrasting views from other prominent investors like Dave Ramsey and Warren Buffett. She underscores the potential gains for those who can manage its volatility. “Everybody should absolutely have exposure to bitcoin,” she said. Suze Orman Encourages Bitcoin Investment With Caution Financial advisor Suze Orman has explained that she believes everyone should have exposure to bitcoin, despite the skepticism of other well-known investors. While figures like Dave Ramsey and Warren Buffett criticize the cryptocurrency, Orman highlighted its potential for those willing to handle its volatility and risk. During her recent…

The market sentiment towards Ethereum (ETH) has turned relatively bearish, largely due to the cryptocurrency’s recent price volatility. This negative sentiment is evident in Ethereum’s new active addresses, having crashed by a whopping 43%, underscoring reduced network activity and investor confidence. New Active Addresses On Ethereum Decline Data from The Block is showing notable fluctuations in Ethereum’s network activity, as the number of new active addresses has seen a sharp unexpected decline over the past three months. On June 27, new active addresses on the Ethereum network surged to 138,620 before dropping drastically to around 89,000 in the first few…

The meme coin market has recently witnessed significant attention in terms of social activity. PHOENIX, a well-known platform for news and analytics concerning cryptocurrency, has ranked DOGE, PEPE, SHIB, BOME, BONIK, FLOKI, BRETT, POP CAT, MEME, and PONKE as the prominent meme projects based on social activity this week. The analytics company took to its official social media account on X to provide the details of these projects. TOP #MEME PROJECTS BY SOCIAL ACTIVITY$DOGE $PEPE $SHIB $BOME $BONK $FLOKI $BRETT $POPCAT $MEME $PONKE pic.twitter.com/oqSAWT90n6 — PHOENIX – Crypto News & Analytics (@pnxgrp) August 11, 2024 DOGE Leads the Market of…

When former Alameda Research CEO Caroline Ellison reports to prison in just over a month, the atmosphere will be far different from the luxury apartments in the Bahamas that she and other lieutenants to FTX founder and former CEO Sam Bankman-Fried once called home. As she enters the Bureau of Prisons’ orbit, however, there are steps Ellison can take to better navigate “a black hole” that lacks consistency and compassion, according to Sam Mangel, a white-collar prison consultant, who said he’s advised the former FTX head. “Being a little fish in a big sea is super important,” he told Decrypt…

Michael Saylor, Bitcoin permabull and the co-founder of MicroStrategy juggernaut which stacks BTC, has published a tweet to highlight Bitcoin’s high performance which has massively surpassed that of leading assets in conventional financial markets. Over the past few days, digital gold has demonstrated an increase of more than 5%, reclaiming the $66,000 price mark. Bitcoin smashes gold and bonds by gains Bitcoin evangelist Saylor shared a diagram to demonstrate Bitcoin’s excellence in annual performance over other top assets. According to Saylor’s post, since August 2020 (the month and year, when MicroStrategy made its first Bitcoin purchase) Bitcoin has been showing…