Author: NBTC

Wall Street Bitcoin miners’ operations face significant disruptions as federal authorities halt imports of the newest Bitmain mining equipment at ports across the country. As Bitcoin’s price approached $100,000, companies rushed to invest in new mining equipment to boost their production capacity. However, orders may have been delayed at ports. The U.S. Customs and Border Protection (CBP) has detained shipments of Bitmain’s latest Antminer S21 and T21 series at multiple entry points, including major ports in San Francisco and Detroit, Blockspace has learned. The action comes at the apparent request of the Federal Communications Commission (FCC), according to mining industry…

Michael Saylor, founder of MicroStrategy, shared a link to his fresh interview. One curious statement he made about BTC owners who prefer to keep their private keys to themselves over lack of trust to the government drew the attention of the crypto community since in this statement Saylor was somewhat critical about them. Saylor’s Bitcoin interview In the tweet that accompanies the link to the interview, Saylor says that this conversation addresses “popular myths and risks that hinder Bitcoin adoption”. The host of the conversation was YouTuber Madison Reidy who interviews experts in the financial markets. This conversation addresses popular…

Ethereum bulls have propelled the price to a daily high of $3,545. The daily trading volume of ETH has soared by over 86.25%. The largest altcoin, Ethereum (ETH), has caught up with the crypto market rally. ETH has been in the consolidation phase for the past few weeks, facing mighty challenges in breaking through crucial resistance levels. Ethereum’s price has begun a fresh surge above $3.4K. Notably, ETH bulls have pushed the price to a daily high of the $3,545 mark, and the price corrected and moved below the $3.5K level. ETH currently trades at $3,426, after briefly gaining 1.16%…

Decentralized identity service SelfKey initiates a community vote to determine its proposed merger with SingularityDAO (SDAO) and Cogito Finance. Three entities might be transformed into Singularity Finance, a layer 2 for tokenizing AI assets. KEY holders to vote on crucial referendum: Details SelfKey, a platform for decentralized identity use cases, shared the details of its upcoming community referendum designed to decide the agenda of the merger between SingularityDAO (SDAO) and Cogito Finance. The SelfKey vote will open on Nov. 1, 2024, giving its community an opportunity to have their say in the merger that has already been tabled. Building Trust…

Former top FTX executive Gary Wang was sentenced to time served with three years of supervised release Wednesday for his role in the $8 billion fraud that preceded the exchange’s collapse. Wang is the final cooperating member of FTX founder Sam Bankman-Fried’s inner circle to be sentenced. Wang, co-founder and former chief technology officer of FTX, served as a government witness in Bankman-Fried’s criminal trial last fall. He was the first co-conspirator to work with prosecutors and pleaded guilty to four counts of fraud and conspiracy in December 2022. Prosecutors and Wang’s team asked the judge to sentence Wang to…

Wall Street’s demand for Bitcoin products surged last week, with $1.1 billion in new cash captured by BlackRock’s spot Bitcoin exchange-traded fund. Bitcoin (BTC) has become a major focus for U.S. wealth management heavyweight BlackRock as its spot Bitcoin ETF outpaced several traditional finance offerings. Investors have injected $26 billion into BlackRock’s IBIT, 10 months after spot Bitcoin ETFs debuted in mid-January. The fund has broken into the top 2% of all ETFs in the U.S., and last week’s inflows marked another milestone for BlackRock’s Bitcoin ETF. BlackRock’s IBIT accounted for half of the $2.2 billion in inflows recorded by…

Due to Ethereum’s ability to withstand the decline of Bitcoin, there is conjecture afoot that a shift toward altcoins, specifically ETH, is imminent. As Bitcoin struggles to maintain momentum near the $100,000 mark, Ethereum’s price movement is attracting attention as it is currently trading above $3,400. The idea of an Ethereum-led rally is supported by the historical trend of Bitcoin dominance declining during corrections. Altcoins typically see a spike in market share and price action when Bitcoin’s dominance declines. This pattern is best illustrated by the cryptocurrency market of 2017, when Ethereum and other altcoins surged while Bitcoin cooled. Based…

The Cardano blockchain’s two-part Chang Hard Fork represents a major upgrade that will enhance network functionality and decentralized governance. On Sept. 1, Chang 1, the first phase of the Chang Hard Fork, was activated, bringing crucial improvements such as empowering the Interim Constitutional Committee. In November 2024, the process to enact the second phase of the Chang upgrade is expected to kick off in full swing, ushering in a critical phase for Cardano’s governance evolution. Chang 2 will require five governance actions to be successfully enacted on-chain. The current roadmap anticipates a prerelease of Cardano node v10 for testing in…

Today’s news that FTX co-founder Gary Wang has been sentenced to time served and supervised release for his role in the multi-billion dollar FTX fraud scheme means that only three of the five executives involved will serve any time in prison for their part in the theft. Wang pleaded guilty to four counts — wire fraud, conspiracy to commit wire fraud, conspiracy to commit commodities fraud, and conspiracy to commit securities fraud — and was sentenced on Wednesday to time served and three years of supervised release on each. The longest sentence was reserved for the mastermind of the theft,…

Bitcoin price has surged close to $68,260 in recent days, with bullish momentum bringing it tantalizingly close to the key psychological level of $70,000. This upward price action has sparked renewed interest in the cryptocurrency, as it breached a crucial resistance level at $68,248. However, the next move hinges on Bitcoin (BTC) investors, who are displaying bullish signs yet are known to quickly shift sentiment. The path to $70,000 now lies in their hands, with both upside potential and downside risks ahead. Bitcoin Investors Are Bullish Over the weekend, the supply of Bitcoin on exchanges saw a sharp decline, reflecting…