Author: NBTC

Foundry is launching a new program that allows miners to contribute a part of their mined coins to Bitcoin developers. Bitcoin (BTC) mining firm Foundry said in a Tuesday press release that it wants to support the development of the Bitcoin ecosystem with a new initiative that allows miners in the U.S. to contribute part of the mined coins to blockchain developers. The initiative dubbed Foundry Donate connects miners in Foundry USA Pool with trusted organizations approved by the IRS as 501(c)(3) entities, allowing direct donations to core developers. The New York-headquartered firm says the system settles all the donations…

MetalSwap, a prominent decentralized company that permits swaps across financial markets, has recently disclosed a new integration. As per the platform, Chainlink, a universal forum for financial institutions and developers pioneering the global markets’ future on-chain, has integrated with it. The firm took to its official X account to offer insights into this endeavor. .@MetalSwapNet has integrated #Chainlink CCIP and Automation to unlock liquidity and help enhance security for its protocol.Battle-tested Chainlink infrastructure enables DAOs to innovate in the onchain ecosystem. pic.twitter.com/DnNySKGfn4 — Chainlink (@chainlink) July 22, 2024 MetalSwap Announces Integration with Chainlink for Efficiency and Interoperability In its recent…

Billy Markus who is known on Twitter/X as Shibetoshi Nakamoto and who created Dogecoin together with Jackson Palmer in 2013 is a popular crypto influencer on the above-mentioned social media platform. He has issued a tweet as the Bitcoin bloodbath continues, making a dark ironic statement. These statements started on Thursday, when the world’s largest cryptocurrency fell close to the $57,000 price level. Bitcoin falls through bottom, Markus comments Dogecoin co-creator took to the X platform on the US Independence Day to make a combination of an ironic comment on the Bitcoin collapse and a celebratory tweet related to July…

Bitcoin miner IREN (formerly known as Iris Energy) is the latest crypto mining company looking to profit from the artificial intelligence market boom, according to its July 23 Analyst & Investor Day presentation. The planned presentation shows that the firm will launch a GPU pilot at its Childress site in Prince George. This follows the miner’s July 16 appointment of banking giant Morgan Stanley as its financial advisor to evaluate monetization opportunities in the AI data center market. Is IREN ready for AI pivot? This move comes less than two weeks after short seller Culper Research questioned IREN’s capacity to…

Quantum computing, once a theoretical concept, is now quickly advancing and reshaping our understanding of data processing. Unlike traditional computers using bits, quantum machines leverage qubits, which can exist in multiple states at once. This makes them significantly more efficient than traditional computing systems when tackling complex problems. For the blockchain sector, the rise of quantum technology poses a significant threat to cryptographic systems that underpin blockchain security. Current encryption methods, such as Rivest-Shamir-Adleman (RSA) and Elliptic-Curve Cryptography (ECC), are widely used in networks like Bitcoin and Ethereum. Their core strength lies in their complexity, which traditional systems can’t crack.…

Although Bitcoin started July well, it experienced sharp declines due to the sales pressure brought by many events. While German government sales and Mt.Gox refunds are thought to be effective among these, the answer to the only question is now: How far can the decline in Bitcoin go? Below 50 Thousand Dollars Not Possible in Bitcoin! Speaking to Decrypt, Basile Maire, co-founder of the decentralized exchange called D8X and former UBS executive, said that it is unlikely that Bitcoin will fall below $ 50,000. According to the economist, the short-term outlook for Bitcoin is bearish, but the situation is not…

In a heartfelt homage to the original meme that sparked a cryptocurrency revolution, the Shiba Inu (SHIB) community has paid tribute to the iconic Dogecoin meme. The tribute comes following the passing of Kabosu, the Shiba Inu dog whose quizzical expression became synonymous with Dogecoin and the broader meme culture. Kabosu, the beloved canine who lent her face to the viral “Doge” meme, passed away at the age of 18. The Shiba Inu dog not only served as an inspiration for Dogecoin, Shiba Inu and other dog coins but also became a symbol of the fun and joyful spirit of…

SunnySide Digital (SunnySide) and Cryptech Solutions (Cryptech), two wholesale distributors and service providers for digital asset mining and HPC data center equipment, have joined forces to launch Synteq Digital (Synteq). Synteq Digital aims to meet the needs of the digital mining and HPC industries at scale by growing the reach of its digital hardware wholesaling business as well as rolling out new services. “We are very excited to create a new market participant by combining our respective teams, core values, and reputational cache to form Synteq,” Taras Kulyk, CEO of Synteq and founder and former CEO of SunnySide, said in…

Blockchain protocol Alkimiya launched, introducing a tool that allows users to hedge against volatile Bitcoin (BTC) transaction fee rates. The hardest part might be getting hardline bitcoiners – sometimes known as “maximalists” or “maxis” – to use the new protocol since it’s built atop the Ethereum blockchain. Target users for the platform, described as a “blockspace markets protocol,” could include traders, mining pools and foundations. “While we recognize that Bitcoin maxis may initially hesitate to use an Ethereum-based solution, our primary focus is on creating the most robust and efficient marketplace for trading Bitcoin transaction fees,” Alkimiya founder and CEO…

Bitcoin (BTC) began Friday with another round of declines, trading at $54,300 and resulting in liquidations totaling over $662.62 million in the past day. This decline prompted a reaction from Michael Saylor, CEO of MicroStrategy and a well-known BTC advocate, who took to social media to express his continued support, stating that Bitcoin represents independence (well-timed for U.S. Independence Day on July 4). However, Peter Schiff, a well-known financial expert and outspoken critic of Bitcoin, responded with characteristic sarcasm, suggesting that Bitcoin would indeed make investors independent of their money. But there’s a catch. Yes, Bitcoin will make you independent…