Author: NBTC

Bitcoin, the largest cryptocurrency by market value, fell below $61,000 in Saturday’s trading session as risk aversion spread throughout financial markets, and Genesis began distributing digital assets to creditors following the completion of its bankruptcy restructuring. Bitcoin extended its sell-off, dropping to an intraday low of $60,240 after the July U.S. jobs report released on Friday fueled concerns that the world’s largest economy might be in danger of recession. Stocks also sank as the unemployment rate jumped to its highest level since October 2021. A further sell-off in Japan occurred in response to the Bank of Japan’s most minimal monetary…

A prominent NFT and Ordinals platform Gamma has recently announced the exclusive integration of both Bitcoin Layer 1 Ordinals as well as Stacks Layer 2 NFT. In this respect, Gamma now combinely offers the trading of both Stacks Layer 2 NFTs and Bitcoin Layer 1 Ordinals in one seamless application. This landmark achievement raises the status of Gamma in the digital art sector in the case of Bitcoin. Gamma Offers the Earliest Unified Forum Combining Bitcoin L1 with Stacks L2 NFTs The project intends to revolutionize the entire ecosystem of Bitcoin. Clients will now be capable of linking Bitcoin Ordinals…

Donald Trump has joined World Liberty Financial, a cryptocurrency project advised by his children and run by fraudsters and executives from failed and hacked projects. The protocol is a thin wrapper around borrowing-lending protocol Aave, which resembles the earlier Dough Finance. CoinDesk reporting has suggested that the project’s WLFI governance token will be non-transferable and will reserve 70% of the supply for project insiders — a truly massive amount that raises significant concerns about whether it can ever truly be ‘decentralized’ as it promises. This number has been challenged in an X Spaces with the team after claims that 63%…

A young Pump.fun developer has apparently filmed himself performing oral sex on a stripper, shooting heroin, and taking fentanyl in an effort to raise the price of his newly launched coin, Stripper Trev Dev. Screenshots circulating on X (formerly Twitter) of the explicit stream also purport to show the dev — who goes by the name ‘Trevv online — shaving his own head and passing the stripper a suspicious jar that some users claimed was filled with urine. Read more: Research finds less than 0.002% of Pump.fun memecoins succeed However, there are already doubts about the legitimacy of the stream.…

Recent declines in the price of Bitcoin could merely be the beginning of a more dramatic fall, a crypto research firm has predicted, attributing this potential downturn to a looming economic storm and a decoupling of the cryptocurrency from the broader stock market. The analysis, authored by Markus Thielen of 10x Research, noted that there were some recent positive signs when it came to the resilience of the crypto market, from institutional interest in spot Bitcoin ETFs to the price of BTC withstanding the return of billions in Bitcoin by Mt. Gox. The trend line near $70,000 was tested for…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. The Solana-based gaming company MagicBlock has raised $3 million in pre-seed funding that includes an investment from venture capital giant Andreessen Horowitz following MagicBlock’s participation in a16z’s crypto startup accelerator earlier this year. MagicBlock is developing a gaming engine that lets video games run fully onchain, a task that would typically be difficult due to the relatively low speed involved with using blockchains. The company solves this with a novel piece of technology it calls ephemeral rollups, which temporarily…

CleanSpark Inc. has acquired two Bitcoin (BTC) mining sites near Clinton, Mississippi, and closed on its second site in Wyoming, according to a Sept. 17 announcement. The Mississippi acquisitions amounted to $5.775 million and will support 16.5 megawatts of capacity. Both plants are expected to be operational by Dec. 1, 2024. The new Mississippi sites will house Bitmain’s Antminer S21 Pro, adding approximately 1 exahash per second (EH/s) to CleanSpark’s operating hashrate. This expansion brings the company’s data center portfolio in Mississippi to 60.5 megawatts. “Including today’s announcement, our operational capacity has soared over the last seven days totaling 211.5…

Bitcoin’s price experienced a significant drop yesterday following the breakdown of the $64K support level. The price is now in a key area that could determine the crypto market’s mid-term fate. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been dropping since creating a double top pattern at the $68K resistance level. The $64K level has also been broken down to the downside, and the cryptocurrency is testing the 200-day moving average. If it also fails to hold the price, the market is likely to go through a much deeper decline toward $52K. With…

SYDNEY, Sept 18 (Reuters) – Australia’s central bank has decided to prioritise work on a wholesale central bank digital currency (CBDC) as its economic benefits are judged to outweigh those of a retail version, a top policymaker said on Wednesday. In a conference speech, Reserve Bank of Australia (RBA) Assistant Governor Brad Jones announced the launch of a three-year digital money work plan for the RBA and Treasury called Project Acacia. The project would include industry and focus on opportunities to lift the efficiency, transparency and resilience of wholesale markets through tokenised money and new settlement infrastructure. Subsequent phases could…

Decentralized cloud storage platform Storj has partnered with CUDOS, a decentralized physical infrastructure network focused on artificial intelligence and Web3. In an announcement on Aug. 20, Storj stated that the collaboration between the two platforms aims to advance distributed compute and cloud storage solutions. The alliance with CUDOS involves Valdi, an on-demand AI compute provider that Storj recently acquired, and Cudo, the parent of CUDOS that’s a cloud partner of Nvidia. “Our distributed storage solutions ideally complement CUDOS’s compute infrastructure. Together, we’re creating a powerful platform that sets a new standard for scalable services that are a cost-effective and high-performance…