Author: NBTC

Today marked the first public court hearing in the US Department of Justice’s (DoJ) case against Samourai Wallet developers William Lonergan Hill and Keonne Rodriguez since May 28, 2024, when Rodriguez appeared in court for the first hearing on the case. I attended the hearing for William Lonergan Hill (TDevD/@SamouraiDev) in the Southern District of New York on behalf of @BitcoinMagazine today.Here’s what I learned: #FreeSamourai #WhereIsTDevD #SamouraiWallet pic.twitter.com/VtZdQd4IJu — Frank Corva (@frankcorva) July 10, 2024 Hill appeared in the courtroom after his uncontested extradition from Lisbon, Portugal, where he currently resides. The prosecution did most of the talking in…

The German government wallet, which is responsible for major Bitcoin transactions to exchanges and market entities, received 2,442 Bitcoins worth approximately $141 million late last night. German Government Purchased $141 Million worth of Bitcoin from Exchanges and Legal Entities According to data from Arkham, the government wallet saw an inflow of 903 Bitcoins ($52.3 million) from crypto exchange Kraken. Additionally, 1,529 bitcoins ($88.6 million) were transferred from addresses currently untagged by the on-chain analysis platform. Another 10 Bitcoins ($575,000) were received from Bitstamp. These inflows into the German government-controlled wallet follow a significant outflow of 10,853 bitcoins (worth $637.7 million…

STG, the native token of Stargate Finance, has skyrocketed by 77% within two hours of its listing on South Korea’s premier crypto exchange, Upbit. At the time of writing, STG was trading at $0.6873, marking a 42% increase over the past 24 hours, per data from CoinMarketCap. The token recorded a daily trading volume of 788 million, with a total market capitalization of $140 million. Despite this surge, STG remains 83% below its all-time high of $4.13, reached on April 2, 2022. On May 30, on-chain analytics platform Spot On Chain attributed the latest surge to the introduction of the…

Many people believe that Bitcoin is far more expensive than Ethereum and not suitable for regular transfers. However, that is no longer true, and ETH has been far more expensive than Bitcoin for transactions since 2021. When compared to Ethereum, Bitcoin has typically had cheaper transaction fees. For example, as of July 8, 2024, the median transaction fee for Ethereum is $0.68, whereas it is $0.40 for Bitcoin. This pattern has been stable, indicating that regular transfers and peer-to-peer payments may actually be less expensive with Bitcoin. According to Ki Young Ju’s analysis of the on-chain data, Ethereum’s median transaction…

SingularityNET, a pioneer in AI platform development, and Trace Labs, the core development team behind OriginTrail, have announced a strategic collaboration. This partnership is set to revolutionize the AI landscape by developing a decentralized knowledge graph (DKG) to facilitate the Internet of Knowledge. NEW PARTNERSHIP ANNOUNCEMENT🤝We are excited to announce a strategic partnership with@SingularityNET to advance decentralized knowledge graphs and support the development of the Knowledge Layer — the #Internet of Knowledge for #AI.Learn more👇https://t.co/Eq8mkgzHqI pic.twitter.com/ivdiNB0SaJ — OriginTrail (@origin_trail) May 30, 2024 SingularityNET and Trace Labs are joining forces to tackle the challenges presented by the burgeoning amount of synthetic…

One of Joe Biden’s most prominent pro-crypto backers in Washington switched course on the president’s struggling re-election effort Wednesday, shifting within days from firmly backing Biden’s campaign to dubbing it “a political suicide mission.” And odds on crypto betting sites of the president dropping out of the 2024 election have surged amid growing doubts. The about-face by Rep. Ritchie Torres (D-NY) joined a chorus of calls today from prominent Democrats including George Clooney, former Speaker of the House Nancy Pelosi, multiple congresspeople, and a sitting U.S. senator, for Biden to re-evaluate whether he should stay in the race. On decentralized…

Bitcoin spot ETFs received the third consecutive day of inflows on Wednesday. The German Government’s transfer of 10,853 BTC on Wednesday may negatively impact Bitcoin’s price. Donald Trump will speak at the Bitcoin 2024 conference in Nashville on July 27. On-chain data shows that small Bitcoin wallets are getting liquidated while whales and sharks are growing in number. Bitcoin (BTC) price edges up by 0.5% on Thursday, though it struggles to break above the weekly resistance level at around $58,500, amid on-chain data indicating liquidation among small Bitcoin wallets, alongside an increase in the number of whales and sharks. The…

Often born from the zany depths of internet culture and viral memes, memecoins bring a hefty dose of humor to the crypto space. But don’t be fooled by their playful exteriors—behind the laughs lies serious investment potential. Imagine turning your favorite meme into a lucrative asset. It’s like finding out that your funniest inside joke is actually a goldmine. Among the countless memecoins swirling around in the crypto-sphere, a select few have managed to rise above the noise as the best altcoins to invest in with their distinctive value propositions and strong ecosystems. These aren’t your average flash-in-the-pan tokens; they’ve…

CoinRoutes Chair Dave Weisberger blasted those who claim the SEC’s actions are protecting crypto investors, calling the view “backward” and branding those who agree with it as “anti-investor.” Weisberger voiced his criticism in a post on X in response to the U.S. Representative Maxine Waters, who opposed a Republican-led resolution to block the SEC’s Staff Accounting Bulletin (SAB) 121. This point of view, that the SEC is doing “good work protecting” crypto investors is so backwards, all who agree with it should be branded as anti-investor. This BILL would allow REGULATED entities to custody assets that the SEC unlawfully (according…

US spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $147.37 million on Wednesday, marking the fourth day in a row of positive funds flows. US Spot Bitcoin ETFs Draw $147 Million in Net Inflows, Extending Positive Streak to Four Days Fidelity’s FBTC led inflows with $57.79 million, according to SoSoValue data. Franklin Templeton’s spot bitcoin fund followed with $31.66 million, its biggest inflow since early May. BlackRock’s IBIT, the spot Bitcoin fund with the highest net asset value, reported net inflows of $22.24 million, while Valkyrie’s BRRR reported $20.68 million. Invesco and Galaxy Digital’s BTCO also reported inflows of…