Author: NBTC

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you today exclusively by Ben Strack. Here’s what you’ll find in today’s edition: A look at the plan for a US strategic bitcoin reserve: Its impact (whether implemented or not), and is it even a good idea? Where things stand in the crypto markets after BTC’s dip last week. What we’re monitoring — CPI, PPI, a historic presidential debate. Debating the ‘strategy’ of BTC reserves We’ve…

The mysterious leader of the Shiba Inu team known under the pseudonym Shytoshi Kusama has responded to a hater who left a comment under his tweet calling him “fraudulent” and “immoral.” Some members of the SHIB team and numerous Shiba Inu army members commented on his response, offering support and encouragement. Some commentators, however, also took a jab at Kusama. Shytoshi Kusama posts Ryoshi Vision message On Sunday, Shiba Inu lead developer Shytoshi Kusama published two mysterious tweets, speaking in foggy metaphors. He tweeted: “I feel this…and I hope my prayers have contributed to a relatively calm storm season for…

Charles Hoskinson, co-founder of Cardano, recently outlined a vision for Argentina’s economic future, positioning the nation as a potential global powerhouse over the next two decades. During his visit to Buenos Aires, Hoskinson spoke about the country’s ongoing tech transformation and emphasized its alignment with blockchain innovation. He also discussed Cardano’s plans for expansion in Latin America, stressing Argentina’s potential to lead the region in technology development and economic growth. Here’s my recent interview in Argentina https://t.co/KzDjtCNzC9 — Charles Hoskinson (@IOHK_Charles) October 23, 2024 Argentina as a Blockchain Hub Hoskinson indicated that Argentina’s focus on technological advancement sets it apart…

Bitcoin close to a key resistance level of $56,300 will dictate bitcoin’s next direction. Getting through $56,300 may result in a bounce back to $59,000. Current market strength and altcoin’s rally help in providing strength to Bitcoin. Bitcoin is close to a significant price point defining its next trend. Now the market seems to be strong, and $BTC is trying to retest the $56,300 mark, which is a critical level for traders and investors. If Bitcoin is to break through this level, a possible surge toward $59000 might be within the horizon. Still, it proved rather tricky to penetrate this…

Ethereum’s network could progress towards stateless validation as its data storage and verification needs grow. Co-founder Vitalik Buterin proposes 2 solutions for this transition—Verkle trees and STARKs. While both approaches make block verification more efficient and accessible, there are trade-offs regarding security, efficiency, and implementation complexity. How STARKs weigh as an alternative to Verkle Trees? Ethereum co-founder Vitalik Buterin has released another blog to explain the network’s possible future. Buterin has focused on stateless validation in this blog, where nodes can verify blocks without storing the full Ethereum state. Touching upon The Verge, he explains that it was earlier aimed…

Norway’s Central Bank, Norges Bank, will make a decision regarding whether or not it will introduce a digital currency next year, says Deputy Central Bank Governor Pal Longva. In an interview with Bloomberg on Oct. 22, Norges’ Deputy Central Bank Governor, Pal Longva, said that the bank is on track to finalize a recommendation on whether to introduce a central bank digital currency. He assured that Norway’s monetary authority is not falling behind on efforts to implement CBDC, even if other European countries like Switzerland have beaten them to it. In April, the Swiss National Bank announced that it will…

Arthur Hayes, co-founder of BitMEX, has stirred up excitement in the crypto community by suggesting that now is the prime time to buy more meme coins. His comments come after acknowledging that the Japanese yen (JPY) did not weaken as expected, and Bitcoin held up well over the weekend. “I was wrong about JPY weakening. BTC held up well over the weekend,” Hayes posted earlier this morning. While he acknowledged his wrong prediction, he gave a hint of his next move in crypto. “Time to trade some dogshit meme coins,” he mentioned. .@IGGYAZALEA can you be my $MOTHER?I was wrong…

Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. Local reporting from The Star indicates that since 2020, this theft has significantly impacted TNB’s finances, resulting in a loss of 103 million ringgit in 2023 alone, according to Suhai Rizain, the director of Malaysia’s Criminal Investigation Department. The losses from crypto mining have increased sharply over the years. In 2020, TNB recorded losses of 5.9 million ringgit. This figure escalated to 140.4 million ringgit in 2021, followed by 124.9 million ringgit in…

Sergey Nazarov, co-founder of Chainlink, confirmed today that the integration of Swift’s traditional payment system with blockchain technology has reached a production-ready stage. Nazarov made this crucial revelation at the Sibos 2024 conference currently holding at the China National Convention Centre in Beijing. This year’s Sibos brings together financial services leaders from around the world. Nazarov’s announcement marks an important milestone for digital asset transactions in traditional finance. Chainlink Swift Blockchain Payment Integration for TradFi Chainlink has been collaborating with Swift for several years to enable the use of Swift messages and standards to seamlessly interact with blockchains. Nazarov highlighted…

Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September often delivering the worst returns. Kaiko highlights that Bitcoin has declined in seven of the last twelve Septembers.…