Author: NBTC
An Ohio state congressman has introduced legislation that would protect the right to use Bitcoin and other cryptocurrencies as peer-to-peer mediums of exchange. The Ohio Blockchain Basics Act, sponsored by state Rep. Steve Demetriou, “ensures American’s financial freedom” by protecting their right to “buy and sell,” to “mine,” and to “self-custody” their digital assets, as well as to run a personal blockchain node, according to a summary provided by the Satoshi Act Fund. “This legislation that I recently introduced will lay the foundation for Ohio to become a leader in the blockchain and digital assets industries,” Demetriou posted to Twitter…
Following bitcoin’s significant market activity this week, conversations around the bull market have hit a high pitch, with numerous predictions of substantial increases in the leading crypto asset’s price cycle. Evidence indicates that call options, with strike prices ranging from $80,000 to $100,000, are now in the mix, as speculators exhibit strong optimism. Bitcoin Bull Market Buzz: Optimism Fuels Predictions of Price Peaks Global data from Google Trends in the last three months shows that the search term “bitcoin” reached a peak score of 100 on March 5. This surge in curiosity is coming from diverse nations, with the majority…
Consensys, one of the main supporters of the Ethereum network, claims the U.S. Securities and Exchange Commission (SEC) is attempting a power grab over Ethereum (ETH), the second-largest blockchain by market capitalization. And so, as natural, the Ethereum development company is suing, citing regulatory overreach. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. “The U.S. Securities and Exchange Commission seeks to regulate ETH as a security, even though ETH bears none of the attributes of a security –…
Impierce Tech celebrates the release of IOTA Identity v1.2, marking significant progress in self-sovereign identity solutions. The IOTA Identity framework, highlighted by CEO Jelle Millenaar, not only advances decentralized identity solutions but also emphasizes transparency and community involvement. The IOTA blockchain network continues to make progress with its Identity framework as new upgrades bring advanced versions with self-sovereign identity solutions (SSI). Jelle Millenaar, CEO of Impierce Tech, a company specializing in leveraging the IOTA Identity framework, has revealed substantial advancements in the latest upgrade. In recent news, Millenaar extended appreciation and congratulations to IOTA for the release of IOTA Identity…
FBI warns against using non-MSB registered crypto services Non-compliance could lead to asset loss during law enforcement actions Check crypto service registration via the FinCEN tool for safety The U.S. Federal Bureau of Investigation has issued a warning to Americans today about the risks of using cryptocurrency services that are not registered as Money Services Businesses (MSBs). The advisory, released through the FBI’s Internet Crime Complaint Center (IC3), stresses the importance of compliance with federal anti-money laundering regulations. According to the FBI’s recent statement, consumers should exercise caution and verify that any cryptocurrency money-transmitting service adheres to the necessary legal…
The latest issued spot BTC ETFs have a prominent place among the top catalysts that drive the price rally of Bitcoin. In this respect, the top cryptocurrency may experience a supply shock because the BTC ETFs are continuously witnessing heavy accumulation of the circulating Bitcoin tokens. Since the ETFs’ approval in January this year, they have accumulated more than four percent of the presently circulating Bitcoin. BTC May Shortly Go Through a Supply Shock As Inflows in ETFs Set New Record A crypto analyst “Mister Crypto” recently took to X to disclose the breaking news. As per Mister Crypto, the…
Vitalik Buterin responded to reports of Ethereum community members bemoaning the switch from the old proof-of-work model to a proof-of-stake consensus. Amanda Cassatt, founder, and CEO of web3 marketing studio Serotonin, tweeted that several Ethereum (ETH) proponents were dissatisfied with the network’s current state. Cassatt stressed that the views were not personal and the posts mirrored conversations she was privy to. The crypto founder also listed reasons opinionated by some community members. “Been interesting to notice a lot of Ethereum community members privately expressing the wish that it had stuck with pow instead of transitioning to PoS.” Amanda Cassatt, Serotonin…
A Shiba Inu (SHIB) whale who secured $800,000 with an initial $4,000 investment missed out on clinching a $10 million return due to hasty selloffs. Shiba Inu stands out as one of the crypto assets with a rich history of turning peanuts to fortunes. The cryptocurrency’s meteoric surge during the 2021 bull run represented the largest price spike for any mainstream asset in crypto history. Research from CoinGecko confirmed that Shiba Inu successfully transformed $12 to $1 million from 2020 to 2021. Multiple early investors rode on this rally to retirement, but some, while they entered the market rally, missed…
Binance founder and former CEO Changpeng Zhao (CZ) has publicly apologized for what he described as “poor decisions” and has taken “full responsibility” for his actions. Meanwhile, Binance co-founder He Yi said that while he acknowledges that CZ may have made mistakes, his biggest one was ignorance. CZ Issues Apology and Appeals for Second Chance Following his November 2023 settlement of charges with the U.S. Department of Justice (DOJ), Changpeng Zhao (CZ) is scheduled for sentencing on April 30. The DOJ has requested a 36-month sentence despite CZ previously waiving his right to appeal any sentence up to 18 months.…
Bitcoin (BTC) miners are investing billions in equipment and consuming energy at unprecedented rates to maximize profits before the upcoming halving event in April. According to Bloomberg, the resurgence in Bitcoin mining activity is primarily driven by the cryptocurrency’s recovery. The world’s largest digital asset by market cap recently broke its all-time high record after losing 64% of its value in 2022 due to industry turmoil. This revival has been further buoyed by the introduction of spot Bitcoin exchange-traded funds (ETFs) and growing anticipation of the halving, an event occurring every four years that reduces the reward for mined blocks,…