Author: NBTC
Bitcoin mining was more profitable in February as the cryptocurrency rose 15%. Even though the hashrate has nearly doubled from a year ago, publicly traded miners have lost market share, Jefferies said. The bank cut its price target for Marathon Digital to $24 and raised Argo Blockchain to $1.50. Bitcoin (BTC) mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday.Publicly listed North American mining companies produced a smaller share…
Bitcoin Ordinals startup OrdinalsBot—which helped mine the largest-ever Bitcoin block and is working with Wu-Tang rapper Ghostface Killah on Ordinals—announced Tuesday that it surpassed its funding goal with a $3 million seed round led by DACM. The round brings OrdinalsBot’s total funding to over $4.5 million. OrdinalsBot launched in February of last year after Casey Rodarmor released the Ordinals protocol on Bitcoin for putting NFT-like media assets on-chain. Initially, inscribing an Ordinal required several complex steps, including downloading the entire history of the Bitcoin blockchain (aka a full node). OrdinalsBot aims to streamline the inscription minting process for collectors and…
The status of Ethereum is in limbo – currently ETH is not considered a security by the U.S. Securities and Exchange Commission (SEC) — but this could all change very quickly. Ethereum is viewed as a decentralized cryptocurrency, rather than a security. However, regulatory agencies like the SEC continue to monitor the cryptocurrency space and may provide further guidance and sudden change or new rulings in the future. It’s essential to stay updated on regulatory developments. It has been widely reported that a number of U.S. based companies have received subpoenas attempting to label ETH as a security. Highly Unlikely…
On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the asset’s price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain during the past day. More specifically, six massive transfers have been spotted on the network. Out of these, two transactions were gigantic, with tokens worth $362 million and $498 million involved. These extraordinary transfers, though, were both between unknown wallets. Addresses like these are those…
Crypto technology firm Katena Computing didn’t trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company’s suit against Katena and a semiconductor company called DX Corr. Coinmint alleged in a lawsuit filed last year that Katena and DX Corr conspired to trick it into purchasing $150 million worth of bitcoin mining machines that were never delivered. Coinmint, in the suit, claimed that Katena bribed or otherwise influenced Coinmint’s former chief financial officer, Michael Maloney, to secure the sale, knowing full well it wouldn’t be able to deliver mining chips it…
Pyth Network has officially announced the launch of its Pyth oracle network on Merlin Chain, a Bitcoin layer 2 protocol known for its ZK-Rollup network, decentralized oracle network, and on-chain BTC fraud-proof modules, according to a recent press release. With this integration, developers can access Pyth’s vast price data pool, enabling them to build powerful applications while users benefit from reliable market information directly on the Merlin Chain. Jeff, founder of BitmapTech and Merlin Chain, expressed enthusiasm for the collaboration and its role in onboarding future users. “The team is looking forward to joining hands with Pyth, a leading oracle,…
Ethereum trading volume is up 58% in 24 hours. Daily RSI stands at 54, indicating a neutral condition. Ethereum has recently witnessed a surge in bullish activity, signaling a promising path to recovery. Over the past 24 hours, ETH witnessed a commendable 4% upswing in its price, with figures climbing from $3434 to $3657. Notably, this bullish momentum was accompanied by a significant spike in trading volume, which surged by an impressive 58%, peaking at $19 billion. However, amidst this flurry of activity, a notable transaction caught the attention of the crypto community. A substantial transfer of 150,000 ETH, equivalent…
Political finance (PoliFi) meme coins from TRUMP to TREMP are deep in the red, but the woman running the show at the latter, who goes by the handle B, is still having fun. Over the last few weeks, a plethora of politician-themed meme coins have been minted on Solana and all have some resemblance to the Spoderman meme – a poorly drawn version of Spiderman on MS Paint that pays homage to Dolan, a bastardized version of Donald Duck with an attitude problem – complete with misspelled names. The PoliFi cohort is a riff on the original meme but with…
The U.S. Securities and Exchange Commission (SEC) is apparently asking a New York judge to levy a $2 billion judgment against Ripple Labs, according to social media posts from the crypto company’s CEO and chief legal officer on Monday. The SEC’s motion for judgment and remedies, filed on Friday, remains under seal to outside parties. According to Stuart Alderoty, Ripple Labs’ chief legal officer, redacted versions of the documents will be publicly available by Tuesday, March 26. The judgment would bring an end to this phase of the multi-year legal battle between Ripple Labs and the SEC, which began in…
Radicle, the open-source, peer-to-peer (P2P) code collaboration stack, has announced the launch of Radicle 1.0, according to the information shared with Finbold on March 26. The launch marks a significant milestone in the protocol’s evolution, following its beta debut in late 2020. Radicle 1.0: A decentralized GitHub alternative Radicle 1.0 promises to revolutionize how developers share and distribute open-source code, artificial intelligence (AI) models, and research in general. Marketed as a decentralized alternative to centralized platforms like GitHub and GitLab, Radicle enhances the traditional model with its decentralized identity system, advanced gossip protocol, and integrated social artifacts, forming a self-autonomous,…