Author: NBTC
The government of Paraguay will ask lawmakers to approve a bill that proposes jailing illegal Bitcoin (BTC) miners for up to 10 years. The presidential spokesperson Paula Carro told reporters on Friday May 17 that the government has sent the bill to parliament “as a matter of urgency.” 10 Years in Jail: Illegal Bitcoin Miners Face Longer Prison Terms Carro said that the bill seeks to “punish” illegal miners with “multiple years in prison.” The draft law will also allow Paraguayan police and prosecutors to seize mining equipment from illegal operators. Per Criptonoticias, Carro also said the bill “seeks to…
Nimble Network, a decentralized artificial intelligence orchestration layer to improve the AI ecosystem, has recently announced an exclusive partnership. As per the company, it is joining forces with Anome (an on-chain game ecosystem focusing on enhancing GameFi, NFT liquidity, NFTFI, and DeFi. On its official account on the social media platform X, the company revealed the news of this move. 🚀 Excited to announce @Nimble_Network and @Anome_Official are joining forces! Nimble’s AI OrderBook will ensure efficient and cost-effective decentralized AI applications. Anome aims to revolutionize the on-chain game ecosystem with enhanced NFT liquidity and value.… pic.twitter.com/2IVlMhnk3y — Nimble Network (@Nimble_Network)…
Cryptocurrency analyst Kevin Svenson believes Bitcoin (BTC) remains in an upward trajectory despite the recent pullback. In a new video, Svenson tells his 76,100 YouTube subscribers that as long as Bitcoin holds the mid to high $50,000 range as support a broader parabolic trend remains intact. “According to the textbook diagram, there’s no reason for me to think that we’re not in a parabolic trend because we are. The lows are currently exponential. Bitcoin can come down and wick into the mid to high $50,000 range, but as long as we bounce around that zone, it is still an exponentially…
The Fantasy Top collection led the non-fungible token (NFT) sales market on Sunday, with US$1.8 million in daily sales, according to CryptoSlam. This collection had 8,610 daily transactions across 2,155 unique buyers and 3,430 sellers. With the latest figures accounted for, Fantasy Top’s all-time sales volume has now reached US$46.13 million. Fantasy Top trades on Blast, an Ethereum layer-2 chain by the creators of Blur NFT marketplace. Blast ranked fourth in CryptoSlam’s daily blockchain rankings, with Fantasy Top recording most of the network’s sales. Ethereum held the top spot with a total sales volume of US$4.87 million on Sunday, a…
Nearly three years ago, the crypto market witnessed a historic event as Ethereum co-founder Vitalik Buterin executed a massive burn of Shiba Inu (SHIB) tokens, permanently removing a staggering 410 trillion tokens from circulation. This bold move, worth approximately $6.7 billion at the time, marked a pivotal moment for SHIB and the broader market. On May 17, 2021, Buterin decided to burn 90% of his SHIB holdings after being unwillingly gifted half of SHIB’s total supply, sending them to a dead blockchain address. The reason was that he did not want to be a “locus of power of that kind.”…
According to data provided by Loononchain, two giant cryptocurrency whales recently collected large amounts of five different altcoins. According to the data, the first of the whales, identified with the short address 0x1A2E, purchased 322.48 billion PEPE worth $ 2.78 million on Binance. PEPE price is trading at $0.000008584 at the time of writing this article. Balina wallet, on the other hand, purchased PEPE at the level of 0.000008620 dollars. However, another whale also attracted attention with a larger PEPE operation. Approximately 3 hours ago, the cryptocurrency whale with short address 0x1a2 paid 7.75 million dollars via Binance and transferred…
Billy Markus co-founded the iconic meme-inspired cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013. The idea behind DOGE when creating it was the meme dog Kabosu and a parody on the leading cryptocurrency Bitcoin. Now, Jackson can be seldom seen posting on the Twitter/X platform but Markus is its frequent user, acknowledged to be an influencer by the community. Known for his love for memes, sarcasm and irony, Markus has published a tweet about the approaching Bitcoin halving event along with a jesting BTC price prediction. However, this take seems to be mirroring fears of many within the Bitcoin…
Telegram has recently achieved a significant milestone by reaching 900 million users. This surge in user numbers has had a direct impact on Telegram Open Network (TON), which has seen impressive 17% growth in the past three days alone. TON, a blockchain designed to integrate seamlessly with Telegram’s vast user base, benefits directly from the platform’s expanding reach and its aggressive push for cryptocurrency adoption. TON’s integration within Telegram allows users to perform transactions directly through the app, leveraging Telegram’s native wallet. This feature enables seamless transactions on TON’s blockchain network, which is particularly attractive because it offers cheap transactions…
JPMorgan said it expects bitcoin to fall after the reward halving. The bank’s analysis shows that the cryptocurrency remains overbought. Miners will be most affected by the event, the report said. The bitcoin (BTC) price is likely to weaken after the reward halving, a quadrennial event that slows the rate of growth in bitcoin supply and looks set to occur around April 19-20, Wall Street giant JPMorgan (JPM) said in a research report on Wednesday. The bank sees downside for the world’s largest cryptocurrency after the halving because the market is still in overbought conditions, according to its analysis of…
Charles Hoskinson, the creator of Cardano, has recently weighed in on the ongoing controversy involving Ripple and its digital asset, XRP, providing clarity and perspective on the matter. The genesis of the discussion arose when Hoskinson was prompted to issue an apology to the Ripple team and the XRP community. Responding, he cited instances of his statements being misconstrued and enduring prolonged public scrutiny and harassment, including calls for his legal repercussions based on unsubstantiated allegations of corruption. At the crux of the issue lies a conspiracy theory implicating the SEC in showing preferential treatment toward Ethereum over Ripple. Hoskinson…