Author: NBTC

The Federal Bureau of Investigation (FBI) has responded to a Freedom of Information Act (FOIA) request from prominent tech entrepreneur and disinformation researcher Dave Troy about enigmatic Bitcoin creator Satoshi Nakamoto. In its response, which was published on Troy’s X social media profile, the FBI stated that Satoshi could be “one or more third-party individuals,” adding that it can neither confirm nor deny their existence. Troy has stated that he is going to appeal the response, adding that his intention is to get possible information that the FBI may have on the subject. Such information might be useful for establishing…

Outflows from US spot Bitcoin exchange-traded funds (ETFs) hit $277 million last week as the crypto market faced downturns, with Bitcoin lingering below the $60,000 mark and most altcoins continuing to decline. According to data from Farside Investors, the group of US Bitcoin funds collectively drew in around $202 million in new investments on Monday, with BlackRock’s iShares Bitcoin Trust (IBIT) accounting for the majority of daily inflows. On that day alone, IBIT logged over $224 million in net capital. After a strong start to the week, spot Bitcoin ETF flows turned negative on Tuesday and extended their losing streak…

Ripple released 1 billion XRP tokens, causing a 2% drop in the cryptocurrency’s price and raising community concerns. The release is part of Ripple’s monthly strategy to manage supply, but its effectiveness on XRP’s value is being questioned. XRP’s price and trading volume dropped significantly following the release, reflecting reduced investor activity. Ripple(XRP), one of the companies in the blockchain arena, transferred 1 billion XRP tokens kept in their escrow wallet. This regulation of the number of socks in the turnover brought down the price of XRP by 3%. However, the estimate of such measures leaves much to be desired.…

Mert Mumtaz, co-founder & CEO at Helius, recently stirred up a heated debate on the X social media platform by suggesting that every major layer-2 can “technically steal user funds.” However, Ethereum founder Vitalik Buterin has clarified that they cannot unilaterally steal funds since there needs to be an extraordinarily high level of consensus. A security council oversees a chain in case of some issues with governance execution. As noted by Buterin, it is supposed to have at least a 75% vote threshold. Moreover, a substantial portion of the council members (at least 26%) should not be associated with the…

MicroStrategy’s founder, Michael Saylor, is not slowing down on his optimistic outlook for Bitcoin (BTC), the world’s leading cryptocurrency. Turning to the crypto mining sector, Saylor highlighted a crucial strategy for Bitcoin miners. Saylor’s Bitcoin mining idea Saylor thinks Bitcoin miners can maximize their profits by holding more Bitcoin in their treasury. “Bitcoin miners should adopt the Bitcoin Standard,” Saylor wrote in a post on X. Saylor’s advice has been welcomed by many Bitcoin enthusiasts as they think miners cannot succeed with mining alone. Bitcoin Miners should adopt the #Bitcoin Standard. — Michael Saylor⚡️ (@saylor) August 13, 2024 The Bitcoin…

Amber Group, a large platform for digital wealth management, continued its trend of liquidating Ethereum (ETH). Recently, Amber Group added another large-scale transaction to Binance. Amber Group deposited another 8K Ethereum (ETH) to Binance, further diminishing its holdings. The latest ETH transaction arrives after a series of inflows of stablecoins, especially USDT and USDC. In total, Amber Group holds more than $58M in crypto assets. Amber moves $20.35 in ETH, $10M left in stablecoins In the past month, Amber Group deposited a total of 57K ETH to centralized exchanges, adding to the price pressure. 5 minutes ago, #Amber deposited 8k…

Renowned crypto influencer Ran Neuner has opened up about a devastating financial loss that saw him lose $134 million in just four days. Neuner made the revelation during a recent episode of Raoul Pal’s show, The Journey Man. This candid revelation provides an insider look at the volatile world of crypto investments, especially for those who, like Neuner, were caught off guard by the dramatic collapse of Terra’s Luna. From Contemplating Buying Private Jets to Financial Doom Neuner, a well-known figure in the crypto community, described the events of 2022 as the most challenging of his life. He recounted how…

Pump. fun generates $91M in revenue from the $SOL sales, reflecting high market interest in Solana. The sales volume at an average price of $158 per $SOL points to possibilities of stability in the cost of the security. This success could encourage mimic Pump groups to form and improve the overall liquidity of the Solana network. Pump. Fun has achieved a major achievement by hitting through more than 680000$SOL total revenue which is equal to around $91M. This came at a time when the platform is still experiencing high sales whereby 254,074 $SOL was sold which is equivalent to $40…

Mastercard plans to eliminate traditional credit card numbers and adopt tokenization technology to reduce the risk of information leakage. The development was reported by Singapore-based publication Lianhe Zaobao, which outlined Mastercard’s latest move to address the growing problem of online fraud. Tokenization technology replaces sensitive data, such as credit card numbers, with randomly generated digital strings known as tokens. These tokens replace the original data during storage and transmission, significantly reducing the risk of a data breach. Mastercard CEO Michael Miebach said the company aims to expand the use of this technology and replace traditional passwords with biometric identification methods…

Custodial Lightning has clearly achieved product market fit. Users benefit from instant Bitcoin payments and minimal fees, while custodians manage the complexities of channel and liquidity management. Major platforms like Coinbase, Cash App, Kraken, and Binance provide over 200 million users with direct access to Lightning payments. While the Lightning Network excels at facilitating payments between custodial wallets, doing so for mobile, self-custodial users is more challenging, particularly during periods of high transaction fees. As Roy Sheinfeld, CEO of Breez, wrote earlier this summer, this challenge is analogous to the “last-mile problem” observed in various transportation networks—from telecommunications to roads…