Author: NBTC
Bitcoin (BTC) has managed to reclaim a price point of $64,000, a mere 8% shy of its all-time high. The leading digital currency has closed its “greenest” weekly candle ever, with a staggering $11,404 difference between its opening and closing prices on Bitstamp. This rally has caught the attention of investors and analysts alike, prompting a closer examination of the factors driving this bullish momentum. The supply shock Central to Bitcoin’s recent surge is the growing interest in Bitcoin exchange-traded funds (ETFs), with BlackRock’s iShares Bitcoin Trust (IBIT) leading the charge. The fund has shattered records by joining the $10…
The decentralized cloud GPU provider explains to Crypto Briefing the utility of their nodes and what was their funding strategy. Decentralized cloud GPU provider Aethir sold $60 million of its network nodes in less than half an hour on Mar. 20, according to an X post. The nodes, called Checkers, ensure the integrity and performance of the Aethir network, verifying the virtual endpoint specifications. The company shared with Crypto Briefing that its strategy was to avoid too much institutional capital and forge partnerships with launchpads in five major regions, three different ecosystems, and over 60 different communities. “For our network…
The U.S. SEC and Ripple have filed a joint proposal seeking to govern all sealing issues with respect to the upcoming remedies-related brief that would be filed in the lawsuit. In a motion submitted yesterday in the United States District Court for the Southern District of New York, the parties proposed a new schedule for sealing confidential materials in the upcoming remedies brief. As usual, the development was shared by prominent crypto advocate James K. Filan in a tweet yesterday. #XRPCommunity #SECGov v. #Ripple #XRP The parties have filed a joint sealing proposal “to govern sealing issues relating to the…
The world of Bitcoin (BTC) mining is a race against time and inefficiency. Miners dedicate huge computing power to solve complex mathematical puzzles, securing the network in the process. Enter Quantum Blockchain Technologies (QBT), an Anglo-Italian company, with a story that could rewrite the narrative of Bitcoin mining. Their secret weapon Method C represents a revolutionary approach that leverages the power of artificial intelligence (AI) and machine learning. Unlike traditional methods, which resemble a brute-force attack on a digital lock, Method C aims to be more elegant. It utilizes an AI oracle technology, to predict the outcome of these computations.…
Bitcoin (BTC), the world’s largest digital currency, has witnessed a 23.5% surge in the past seven days and is now eyeing its all-time high at $69,000, last witnessed in November 2021. According to CoinMarketCap data, the price of BTC as of 10:37 p.m. ET on Sunday stood at $63,500, and the trading volume of the digital asset surged by 51.87% in the past 24 hours. Furthermore, the market capitalization of Bitcoin stands at $1.2 trillion. It is crucial to note that Bitcoin is just 7.37% shy of its all-time high, and in the past 30 days, it has gone up…
The crypto industry is intensifying its battle for regulatory clarity against the US Securities and Exchange Commission (SEC). Notably, the Crypto Council for Innovation (CCI), investment firm Paradigm and the US Chamber of Commerce are backing Coinbase in its legal challenge against the SEC. The industry flagbearers demand clear regulations for the crypto sector. Need For Specific Crypto Regulations Coinbase has been in a protracted dispute with the SEC, seeking specific crypto regulations. Despite its efforts, culminating in a lawsuit, the SEC insists that existing securities laws are adequate. This stance has led to legal conflicts with major crypto firms.…
Bitcoin soared past the $64,000 mark, reaching a high of $64,268 and setting a new annual record. This spike coincides with the Tether Treasury’s creation of 1 billion USDT. This move has ignited widespread speculation and keen interest across the crypto sector. Is the Latest USDT Mint Pumping the Crypto Market? Whale Alert, a blockchain analytics platform, reported the fresh batch of minted USDT on Sunday. Consequently, it sparked a debate about its potential effects on Bitcoin’s price. Historically, there’s been a link between Tether’s minting actions and significant increases in Bitcoin’s value. In January, Tether released 2 billion USDT…
After leaving financial and crypto market watchers reading tea leaves to divine its next big move, investment titan BlackRock spilled the tea late Wednesday on its tokenized asset fund. Dubbed ‘BUIDL,’ it will be built on the Ethereum network and is the company’s first tokenized fund issued on a public blockchain. The BlackRock USD Institutional Digital Liquidity Fund was first registered in the British Virgin Islands last year. “BUIDL will offer investors important benefits by enabling the issuance and trading of ownership on a blockchain, expanding investor access to on-chain offerings, providing instantaneous and transparent settlement, and allowing for transfers…
On March 19, the National Agency for Prospective Projects (NAPP) released a new mandate that increases the monthly fees for crypto market participants in Uzbekistan. According to the official press release, the updated fee structure is a revision to a mandate first established in September 2022 by the Ministry of Justice. The modification came in response to the NAPP’s evaluation of “sufficient profitability” among cryptocurrency retailers and exchanges in the sector. Consequently, the NAPP introduced a new fee structure that affected both entities. Per the new fee structure, crypto exchanges are now subject to a fee of 740 BRV, equivalent…
The Shiba Inu Metaverse Advisor, Marcie Jastrow, recently debunked growing allegations of affiliation with a scam company. The Shiba Inu Metaverse project has not made headlines for some time as progress continues behind the scenes. However, the project’s advisor, Marcie Jastrow, recently took the spotlight amid allegations of her involvement in a scam business. Notably, Trophias, a former member of the SHIB Defense Breed who had a clash with lead developer Shytoshi Kusama last January, accused Jastrow of being a “professional scammer.” According to Trophias, this was due to her exit from a new company with which she had previously…