Author: NBTC

Austrian economics dominates the discourse on bitcoin, but it is not the only heterodox economic theory that describes the importance of a type of money that sounds strikingly like bitcoin. Aspects of degrowth and ecological economics promote an end to fiat and inflationary currencies. While we often focus on the benefits of bitcoin mining for the current energy transition away from fossil fuels, bitcoin has an even more important role to play in transitioning our societies to a sustainable and more equitable world. Bitcoin’s energy consumption is both trivial and not trivial at the same time. The network consumes less…

A significant event in the cryptocurrency market was reported a few hours ago. Metalpha, a major player in the sector, withdrew 5,994 ETH (approximately $14.07 million) from Lido, according to Lookonchain. Shortly after, Metalpha deposited 5,500 ETH (valued at about $12.9 million) into Binance. This big transaction has impacted the Ethereum price in the short term as well. 2 hours ago, #Metalpha withdrew 5,994 $ETH($14.07M) from #Lido and deposited 5.5K $ETH($12.9M) to #Binance.After that, the price of $ETH plummeted by ~2.3%.https://t.co/3hqVXQvHlu pic.twitter.com/Uykx48nu6Y — Lookonchain (@lookonchain) September 6, 2024 Metalpha Makes Huge Move, Ethereum Drops 2.3% After Major Transaction Moves After…

Shiba Inu could see over an eight-fold price growth if Ethereum reaches a $3 trillion market cap or trades at $25,000. Shiba Inu remains one of the popular cryptocurrencies in the altcoin market that benefits significantly from a bull run. Recently, Ethereum recaptured the long-lost $2,800 price point following an approximately 7% growth over the weekend, elevating its market cap to $333.11 billion. During this period, Shiba Inu surged by around 15%, climbing from $0.00001405 to reclaim the $0.000016 range for the first time in nearly four weeks. Additionally, SHIB’s market cap expanded to $9.2 billion on Saturday. Given Shiba…

Ripple’s chief executive officer Brad Garlinghouse has taken to his X account to share his impressions of meeting a high-ranking Japanese official this week, as they talked about the adoption of crypto and blockchain technology in Japan. Ripple boss: Japan committed to advancing crypto tech This week, Brad Garlinghouse visited Japan, and during his time at the XRP Community Day event, he met Taira Masaaki, a member of the Japanese House of Representatives, who is also in charge of various committees related to Web3 and AI innovations. Sharing his impressions from that meeting, Garlinghouse tweeted that Japanese leaders are “committed…

Irish police have seized cryptocurrency worth €6.5 million ($7.1 million) from a trio in Dublin who have been arrested on suspicion of aiding an illegal dark web and money laundering operation. The Garda National Cyber Crime Bureau announced today that it seized crypto, including bitcoin and Monero, alongside a €120,000 ($131,000) luxury watch and two vehicles worth €220,000 ($240,000). Police swooped on an address in Dublin on Monday, arresting two men, aged 23 and 49, and one woman, aged 32. The men are accused of aiding a criminal organisation to commit a serious offence while the woman is accused of…

Ethereum co-founder Vitalik Buterin is optimistic about the protocol’s future, with defined upgrades he believes will come on the network in the coming decade. Speaking on the Bankless podcast, the blockchain innovator gave a projection that he believes might see everyone participating in running the Ethereum network. Ethereum node to become fully mobile Ethereum is the biggest decentralized smart contract network that runs on nodes. As it stands, thousands of people run these nodes in a sophisticated computing environment. Though the protocol is decentralized, a high entry requirement contributes to its growth. In his projections for the future, Vitalik Buterin…

Shytoshi Kusama was quick to clarify a misleading comment from K9 Finance’s co-founder that the gaming sensation Shiba Eternity was part of the K9 ecosystem. Pseudonymous Shiba Inu lead developer Shytoshi Kusama has clarified that Shiba Eternity is not part of the K9 ecosystem. Kusama responded to a tweet by K9 Finance’s co-founder, Buzz, who made a comment in that regard. Buzz quoted a tweet by Seizan Shib, a K9 community member who was organizing a live stream for K9 Finance DAO’s Bonecrusher Testnet. The Bonecrusher Testnet was a session highlighting the progress of K9 Finance DAO’s liquid staking project,…

Court filings by the US Attorney’s office related to former FTX Digital Markets CEO Ryan Salame reveal that the government discussed additional areas of potential criminal exposure with his lawyers including his alleged involvement in a bribery scheme in the Bahamas, “evidence of distribution quantities narcotics trafficking,” and “paying for prostitutes.” This filing was one of several exhibits included with a memorandum in opposition to Salame’s previously withdrawn petition for a writ of error coram nobis. Salame had filed his motion to argue that the government had provided “assurance that it would not continue investigating Michelle Bond if Salame pleaded…

Spot Bitcoin (BTC) exchange-traded funds (ETF) registered $45 million in inflows on Aug. 7, according to Farside Investors. As a result, Bloomberg senior ETF analyst Eric Balchunas highlighted how surprised he is with the funds’ holders during the recent pullbacks. “I’m bullish as it gets re ETF investors’ intestinal fortitude (in all asset classes) but even I’m surprised here. I was expecting 2-3% of the aum to leave and declare that as ‘strong’,” stated Balchunas on an X (formerly Twitter) post. He also highlighted the fact that BlackRock’s IBIT registered no outflows since Monday, although the fund traded $5 billion…

Alongside many other altcoins, ETH’s price continues to struggle, and its future now hinges on some critical support levels. If these key levels fail to hold, ETH could face a prolonged bearish period. Recent price action has shown that Ethereum (ETH) could be on the verge of bidding farewell to this cycle, which many have tagged as the enduring phase of the bull market. Ethereum Is About to Lose the Battle Six months ago, Ethereum’s Market Value to Realized Value (MVRV) Long/Short Difference hit a yearly high of 55%. This on-chain indicator is key during bull markets, as it reveals…