Author: NBTC

Paraguay has shut down more than 70 illegal bitcoin mines in the past five years, according to the country’s national energy supplier. Illegal mines in Paraguay reportedly steal up to $60 million worth of electricity every year — enough to light a city, according to the Administración Nacional de Electricidad (ANDE). The Economist reports that illegal bitcoin miners contribute to an increasing number of blackouts in the country by overloading power lines unable to cope with increased demand. ANDE has also admitted that seven of its own engineers are under investigation after they were accused of illegally installing crypto mines…

In a significant move to enhance the reliability and applicability of Generative Artificial Intelligence (AI), the implementation of decentralized networks is becoming increasingly pivotal. Central to this transformation is the Decentralized Retrieval-Augmented Generation (dRAG) framework, which operates within the NVIDIA Build ecosystem. As disclosed in a post from OriginTrail, a platform for powering the Verifiable Internet for AI, this integration addresses critical limitations of current AI technologies—such as hallucinations, bias, and data ownership disputes—by establishing a verifiable internet for AI. This approach not only ensures the accuracy of data used in AI models but also secures intellectual property rights, fostering…

Galaxy Digital, the publicly traded crypto firm led by Michael Novogratz, has acquired substantially all the assets of blockchain node operator CryptoManufaktur LLC, in a deal that will increase the company’s Ethereum assets under stake by about 43%. The agreement with CryptoManufaktur, known as CMF, was announced in a press release provided exclusively to CoinDesk. Terms weren’t disclosed. CMF founder Thorsten Behrens, as part of a three-person engineering team, will join Galaxy’s blockchain infrastructure team, which provides staking and blockchain validator services to qualified investors, protocols and digital-asset platforms, according to the press release. CMF, started in 2020, was originally…

Key Points: Binance is actively improving its compliance framework, addressing past issues, and enhancing current processes under the leadership of CCO Noah Perlman. Binance exec Tigran Gambaryan was detained in Nigeria in February 2024 on charges of money laundering and tax evasion. U.S. Representatives have introduced a resolution calling for Gambaryan’s immediate release. Noah Perlman, Binance’s Chief Compliance Officer, has emphasized the company’s dedication to evolving its compliance framework. Read more: Binance Executive Gambaryan Objects to Court Charges, Returns To Jail Waiting for Next Trial Binance Exec Tigran Gambaryan’s Detention in Nigeria and Health Crisis Binance is addressing past issues,…

Jack Dorsey’s Bitcoin-focused fintech giant Block is closing down its Cash App platform for British customers. An announcement on the app’s website Thursday said that the service would no longer be available in the United Kingdom from September 15. Cash App is a popular mobile payment platform that allows users to send money to each other. It launched in the UK back in 2018. The app also has a feature allowing U.S. customers to buy, sell, send, and receive Bitcoin. The Bitcoin feature was not available to British customers, however. The announcement read: “We do not make decisions like this…

XBTO has already helped issue two debt tokens for boutique airline BermudAir. The tokenization platform will soon offer an “e-note” for hemp and CBD producer AgroRef. Cryptocurrency trading firm XBTO has created a new tokenization team focused on real world assets (RWAs), driving forward blockchain-based corporate debt issuances the firm has been working on, with areas like real estate to follow. Much of the tokenization attention has been on large banks like JPMorgan and asset management giants like BlackRock, who have been focused for the most part on blockchain-based versions of U.S. Treasuries. Arguably closer to real world scenarios, the…

This post was first published on Medium. Recursive covenants As we explained in series #1, a Bitcoin covenant is a mechanism that allows the sender of a Bitcoin transaction to impose certain conditions on how the receiver can spend the coins. A recursive covenant is a type of covenant that applies not only to the immediate transaction but also to any subsequent transactions that spend the bitcoins. This means that the conditions imposed by the covenant could be enforced recursively in perpetuity. The main difference between a regular non-recursive covenant and a recursive covenant is the scope of the conditions.…

MAGA Coin (TRUMP), a meme coin inspired by Donald Trump, the 45th president of the United States and a leading candidate in the upcoming November Presidential elections, surged by 46.9%, following an assassination attempt on Trump during a rally in Pennsylvania. Following the incident, the price of MAGA Coin skyrocketed from $6.31 to $10.36, causing its market capitalization to grow from $293 million to $469 million in less than 45 minutes. However, at the time of reporting, the memecoin is currently valued at around $9, according to CoinGecko data. MAGA Coin is the largest Trump-themed meme coin in price and…

Layer 1 blockchain project Solana continues to record significant milestones, both as a blockchain and as a hotbed for decentralized applications within its ecosystem. In line with Solana’s growth and development, the project has requested validators on its testnet to upgrade to version v1.18.14. According to Rex St. John, head of developer relations at Anza, Solana makes such requests when there is less than 5% delinquent stake. .@solana testnet (NOT mainnet-beta) validators are requested to update to v1.18.14 when there’s less than 5% delinquent stake.This is the next step in the sequence of steps leading to v1.18.14 on mainnet-beta. Once…

Plaintiffs in an ongoing class action lawsuit against Tether and Bitfinex have filed a new, slimmed-down complaint accusing the crypto companies of manipulating the crypto markets and violating antitrust laws. The second amended complaint, filed in the Southern District of New York (SDNY) on Monday, accuses Tether and its sister crypto exchange Bitfinex of operating a “sophisticated scheme to artificially inflate the price of cryptocurrencies” by pushing Tether’s dollar-backed stablecoin, USDT, into the cryptomarket without it being fully backed by U.S. dollars, therefore “creating the illusion of increased demand” for cryptocurrencies, “facilitating trading of [cryptocurrencies] on credit and loaned funds”…