Author: NBTC
Tornado Cash developer Roman Storm’s legal team filed a motion Friday to dismiss a criminal indictment alleging he conspired to commit money laundering and violate sanctions. Storm was arrested last year over his work with Tornado Cash, which has been used by North Korean hackers and other groups to launder funds. Storm did not work with these groups, but rather just published code that anyone can use, the filing said. Building Tornado Cash, a tool that can be used to obscure the origin and destination of cryptocurrency transfers, is not the same as laundering money, said a motion to dismiss…
Gaming has consistently onboarded and engaged more users than other Web3 sectors like DeFi, NFTs, and Decentralized Social Media (DeSoc). By February 2024, gaming dApps contributed 28% of the 6.7 million daily Unique Active Wallets (dUAWs)—a 20% increase from January. —As Web3 games evolve rapidly, the traditional gaming industry could witness lower growth rates between 2024 and 2027. It’s due to market saturation, regulatory tightening, etc. Revenues for leading Web2 game publishers like Tencent and NetEase have declined YoY.The digital gaming industry needs Web3 to reach the projected $282 billion in 2024. Emergent on-chain games will rise to the occasion.…
Veteran trader Peter Brandt recently offered his perspective on Bitcoin’s price action, focusing on the magnitude and duration of bull market corrections since 2015. In a new tweet, Brandt highlighted the magnitude and duration of bull market corrections for BTC since 2015, shedding light on the patterns and trends that have characterized Bitcoin’s journey. Putting it into perspective $BTC pic.twitter.com/3jkiE3RlB2 — Peter Brandt (@PeterLBrandt) March 25, 2024 Bitcoin’s trajectory over the past decade has been marked by periods of explosive growth and subsequent corrections. Using a graphic, Brandt highlights the corrections that have punctuated Bitcoin’s historic bull runs since 2015.…
After the recent Solana memecoin craze, another altcoin started to make moves to dominate the memecoin market. Toncoin (TON) management, which ranks 13th among the world’s largest cryptocurrencies, posted a “Memecoin Ecosystem Leader” job posting to enter the memecoin world. Toncoin management gave the following details for the Memecoin responsible it was looking for: “As the Memecoin Ecosystem Leader, you will be at the forefront of developing and implementing strategies to build and evolve our memecoin ecosystem. Your primary focus will be on creating incentives and airdrop programs that engage and grow TON’s community of memecoin projects.” TON, supported by…
Fox Business reporter Charles Gasparino reports that securities lawyers are warning Ripple (XRP) holders that Judge Torres’ analysis of Ripple could be overturned by federal courts. The warning follows a ruling by a federal judge against Coinbase, a popular cryptocurrency exchange platform. The judge rejected Coinbase’s argument that Torres’ Ripple decision supported the dismissal of the lawsuit between it and the SEC. Instead, the judge credited Rakoff’s analysis of Terraform, which also rejected Torres’ analysis. Coinbase had a partial gain and a partial loss with the decision made by Judge Katherine Polk Failla in the case filed by the US…
Bitfarms mined 286 BTC in March, down from 300 in February. Bitfarms’ fleet upgrade aims for 21 EH/s and 21w/TH efficiency. Bitfarms sold 284 BTC increasing treasury holdings to 806 BTC. Bitfarms Ltd. (BITF), a prominent global Bitcoin mining company, experienced a slight dip in its Bitcoin (BTC) production for the month of March 2024, despite its ongoing efforts to expand and upgrade its mining fleet. Bitfarms mined a total of 286 BTC in March 2024, down from the 300 BTC mined in February. This decline in production can be attributed to various factors, including participation in grid-stabilizing curtailment programs…
The price of Bitcoin has jumped to a weekly high of more than $71,000, with just a few weeks to go before the cryptocurrency’s much-anticipated block rewards halving. Bitcoin’s price touched $71,000 Monday evening, before pulling back and surging to a high of $71,419.17 Tuesday morning. The cryptocurrency is currently trading hands at $70,955.86, up 5.9% on the day and 10.9% on the week, per data from CoinGecko. BTC has had a volatile couple of weeks since posting an all-time high of almost $74,000 earlier this month, dipping alongside stocks on the news that inflation in February was hotter than…
The European Union’s crypto regulation, called MiCA (Markets in Crypto-Assets), will come into effect during this 2024. According to several experts, it will have a profound impact on the entire crypto sector, to the point of even becoming a global reference point for crypto regulation. Since its actual entry into force is not far off, some exchanges have already started to prepare, making it possible to carry out a first analysis. MiCA: Bitget Research’s Q&A on the impact of the new European crypto regulation The future of crypto trading Consumer protection guaranteed by the crypto regulation MiCA Market dynamics MiCA:…
In March, bitcoin miners amassed an unprecedented level of revenue not seen in the previous 12 months, hitting a high of $2.01 billion from rewards and transfer fees. Of this total, $85.81 million was earned from transaction fees over the past month. Historic Month for Bitcoin Miners — Income Peaks at $2 Billion As we edge closer to the halving event, bitcoin (BTC) miners have seen a significant increase in their earnings, both from collected rewards and transfer fees. March set a new benchmark as the month with the highest revenue in the last year. Moreover, the milestone was also…
Bitcoin recently surged past $70,000, setting a new weekly record close to $71,217. Analyst KSI predicts a potential decline before Bitcoin hits $100,000, mentioning a range of $73,000 to $80,000. KSI anticipates a correction with Bitcoin dropping between $50,000 and $60,000 before a potential rise. In the fast-paced world of cryptocurrency, Bitcoin stands as the undisputed leader, showcasing remarkable resilience and surging to new heights. Recent market dynamics have propelled Bitcoin above critical resistance levels, with prices comfortably exceeding $70,000. This surge, driven by bullish sentiment and notable market developments, underscores Bitcoin’s enduring allure and potential for substantial gains. At…