Author: NBTC
Sergey Bezdelov, Director of Russia’s Industrial Mining Association, revealed that around 54,000 BTC, more than $3 billion, were mined in Russia last year, according to local news outlet Izvestia. This mining activity reportedly generated about 50 billion rubles ($556 million) in taxes for the Russian government. Bezdelov believes the recent legalization of crypto mining will boost investor interest and further increase tax revenue. In July, Russia’s State Duma passed a bill legalizing Bitcoin mining and allowing crypto use in international trade. This move established crypto mining as a legitimate economic activity, requiring legal entities to register or comply with specific…
In recent days, as bitcoin edged past the $60,000 mark after dipping below $50,000 on Monday, Aug. 5, a couple of intriguing dormant bitcoin transfers have surfaced from wallets established in 2013. The first case involved an individual who moved 250 BTC—worth just over $15 million—from a long-inactive address created on May 12, 2013. In another curious instance, a separate entity transferred 130 BTC across 13 individual transactions. Forgotten Bitcoin From 2013 Resurfaces, Moving $23M in 2 Days On Aug. 7 and 9, 2024, a few long-dormant bitcoin wallets from 2013 unexpectedly sprang to life after years of inactivity. The…
DeFi and social dApps saw a notable rise in daily unique active wallets (dUAW) in August, as the overall dApp industry hit a record 17 million average dUAWs, up 9% from the previous month, according to a DappRadar report. DeFi Decentralized exchanges Raydium and Uniswap v2 had 18.8 million and 4.8 million monthly unique active wallets, respectively, in August, granting them the second and fourth most active applications in the blockchain sector in the period. Notably, Raydium posted 107% monthly growth in activity, while Uniswap v2 fell 9%, highlighting the trend of growing user activity on Solana. Despite having two…
A CryptoPunk from the Ape Punk collection was sold for roughly $1.5 million as the broader non-fungible token market continued to struggle amidst waning demand. According to CryptoPunks Bot, CryptoPunk 6915, one of the 24 rare Ape Punk, was acquired for 620 ETH (around $1.48 million) by an anonymous collector identified by “0x8bbccd.” The NFT is one of just 24 other Ape Punks issued on the Ethereum blockchain by Larva Labs. Punk 6915 bought for 620 ETH ($1,480,870.00 USD) by 0x8bbccd from 0xe38ee2. https://t.co/3Ajq8n3ilN #cryptopunks #ethereum pic.twitter.com/YOT81UKI7n — CryptoPunks Bot (@cryptopunksbot) September 5, 2024 Data from Cryptoslam indicates that the…
The US-traded spot Ethereum (ETH) exchange-traded funds (ETFs) registered $476 million in negative net flows during the first month of trading, failing to overcome the outflows stemming from the unlock of Grayscale’s ETHE. Bloomberg senior ETF analyst Eric Balchunas the “heroic” performance of the Newborn Nine spot Bitcoin (BTC) ETFs, which recorded enough inflows to heavily overshadow the massive outflows experienced by GBTC. The performance contrasts sharply with the $5 billion inflows seen by Bitcoin ETFs during a similar timeframe after their launch. Analysts have attributed this disparity to several factors, including Bitcoin’s “first mover advantage,” the absence of staking…
Xena, a prominent figure in the XRP community, has challenged the popular belief among some community members that Donald Trump needs to be re-elected for XRP to reach new heights. Supporters of the idea that Trump’s influence could boost XRP often cite his strong pro-crypto stance. Trump has repeatedly stated publicly that he aims to make the U.S. a global hub for crypto. He has also hinted at mining Bitcoin in the US more than in any other country in the world. They believe his presidency would create a more favorable regulatory environment for crypto businesses, potentially leading to significant…
The Blockchain Association is seeking more information about the Federal Reserve’s latest cease-and-desist order against United Texas Bank as part of a broader investigation into the US government’s so-called Operation Choke Point 2.0. An examination by the central bank identified “significant deficiencies” around risk management and compliance with anti-money laundering laws, including the Bank Secrecy Act, according to a Wednesday filing. These alleged shortcomings were related to “foreign correspondent banking and virtual currency customers,” the Federal Reserve noted. United Texas Bank did not immediately return a request for comment. Read more: Operation Choke Point 2.0: Is the US coming for…
In a noteworthy development that has caught the attention of the cryptocurrency community, a long-dormant Bitcoin wallet has reawakened, realizing staggering gains of 94,700%. Wu Blockchain citing Whale Alert reports that an address holding 190 BTC, currently valued at about $11.49 million, was activated earlier today after being dormant for nearly 11.4 years. According to Wahle Alert, an address holding 190 BTC (about 11.49 million US dollars) was activated at around 3:23 today after being dormant for 11.4 years. These BTC were only worth 12,125 US dollars in 2013, an increase of 947x.https://t.co/zWrPbzuGbe — Wu Blockchain (@WuBlockchain) August 10, 2024…
Sky, the DeFi protocol formerly known as MakerDAO, is under pressure from its community after co-founder Rune Christensen confirmed last month the protocol’s upcoming USDS stablecoin could feature a freeze function sometime in the future. Although the function will not be enabled at launch on Sept. 18, the idea of including the mechanism has sparked concern about the centralization of Sky’s ecosystem. Christensen, addressing recent concerns in an interview with Decrypt during Korea’s Blockchain Week in Seoul on Wednesday, defended the freeze function as a necessary tool for regulatory compliance in jurisdictions where real-world assets back the stablecoin. “You have…
Main Takeaways Cristiano Ronaldo’s 900th professional goal cements his status as one of the greatest footballers of all time. To celebrate, it’s time for some exclusive quotes from Cristiano as he dives into his career highlights. From his first professional goal at 17 to his iconic bicycle kick and more, Cristiano’s track record is a testament to his skill, resilience, and determination. Binance and Cristiano Ronaldo have immortalized some of his most iconic goals on the blockchain through the Forever CR7: The GOAT NFT collection, and you can add one to your wallet easily today on the Binance NFT Marketplace.…