Author: NBTC

The now-defunct crypto lending platform Celsius has settled its three-year-long case with KeyFi CEO Jason Stone. The litigation council submitted a letter to the judge detailing the agreement. KeyFi and Celsius have a proper working relationship. The former served as Celsius’s investment manager between 2020 and 2021. Fraud Case Settled: Celsius and KeyFi CEO Agree The litigating council sent an official letter to US bankruptcy judge Martin Glenn, details of which were redacted, indicating that Celsius (the accused) and Mr. Stone (the plaintiff) had reached a settlement agreement. KeyFi served as Celsius’s investment manager from August 2020 to March 2021,…

Hut 8 said it has entered into a power purchase agreement for a site in West Texas with access to 205 megawatts. Bitcoin mining company Hut 8 is gearing up to expand its infrastructure platform significantly with the latest agreement that gives the Miami-headquartered miner access to 205 megawatts in West Texas. In a Tuesday press release, Hut 8 said the site is adjacent to a wind farm and connected to the Electric Reliability Council of Texas grid, offering access to “some of the lowest locational wholesale power pricing in North America.” “The site is well-positioned to support a variety…

For months Bitcoiners have been bitterly debating the Ordinals phenomenon and the large amount of trading activity and congestion they brought to the chain. It’s a very nuanced clash where it’s difficult to find the correct “ideological” response. I won’t be trying to give a definitive answer here, as that’s ultimately up to the community at large. But hopefully we can all agree to some common ground rules that can help us resolve the debate without going into another war resulting in bitter hard forks. A Tale of Free Markets and the Higher Purpose The complexity of the debate lies…

Paris – Usual Labs, the trailblazing company behind the innovative Usual protocol, is excited to announce the start of its public pre-launch phase. This follows a successful private launch where they secured an impressive $70 million in Total Value Locked (TVL) commitments from over 180 top DeFi leaders and investors in just a month.—Usual Labs is revolutionizing the financial landscape with its USD0 stablecoin, bridging traditional finance and decentralized finance (DeFi). USD0 is designed to be a secure, transparent, and decentralized Tether, redistributing ownership and value through the USUAL token. The protocol aggregates Real World Assets (RWA) and seamlessly integrates…

Space ID, a universal name service network and one-stop identity platform for Web3 domains, is expected to unlock over $55 million worth of ID tokens on June 22, 2024, according to data from Token Unlocks. This represents 18% of its circulating supply. Token unlocks are often used to manage the emission of tokens over time, ensuring a steady and controlled release of new tokens into the market. This approach helps maintain the stability and value of the tokens by preventing sudden surges or drops in supply. Space ID’s upcoming unlock will distribute around 78 million ID tokens to eight groups,…

South Korea’s cryptocurrency investors can breathe a sigh of relief as the government has delayed the implementation of new virtual asset tax regulations until January 2025. The new rules, which were initially planned for early 2023, have been pushed back to address concerns about their impact on individual investors’ tax burdens and to clarify certain aspects of the regulations. This update addresses concerns that investors’ capital gains from crypto assets could increase their tax burden. However, it has been clarified that income from crypto investments, categorized as “other income subject to separate taxation,” will not influence personal tax credits. The…

Analysts at H.C. Wainwright expressed confidence that Ben Gagnon’s appointment has alleviated a major concern regarding the stock. On July 8, Bitfarms announced the appointment of Ben Gagnon as CEO, effective immediately. The decision follows a rigorous three-month executive search to replace former CEO Geoff Morphy. Gagnon, who has been with Bitfarms for five years, brings extensive Bitcoin mining experience and a deep understanding of the company’s strategic vision. Gagnon was previously the Chief Mining Officer at Bitfarms and played a pivotal role in shaping and implementing the company’s Bitcoin mining strategy and operations. His leadership was instrumental in crafting…

This follows the trend of conventional financial institutions purchasing Bitcoin ETFs. The Bank of Montreal holds Bitcoin exchange-traded funds (ETFs) in four issuers. A recent SEC filing by Bank of Montreal revealed the bank’s exposure to spot Bitcoin ETFs. A number of issuers’ spot ETF holdings were revealed by the bank in a recent disclosure. This follows the trend of conventional financial institutions purchasing Bitcoin ETFs. The fourth-largest bank in Canada, the Bank of Montreal, holds Bitcoin exchange-traded funds (ETFs) in four issuers: Fidelity (FBTC), Franklin Templeton (EZBC), BlackRock (IBIT), and Grayscale (GBTC). The bank has over $1 trillion in…

The Tezos-branded, non-custodial crypto card will take place on Etherlink, an Ethereum-compatible Layer 2 blockchain powered by Tezos Smart Rollups technology. Matercard and Baanx also have a debit card with DeFi firm 1Inch and are working on one with MetaMask. Tezos, the smart-contract blockchain founded by the husband-wife team of Arthur and Kathleen Breitman in 2017, will have its name on a new crypto payments debit card, created in association with Baanx, the digital assets card facilitator and partner of Mastercard. Transactions involving the Tezos-branded, non-custodial crypto card will take place on Etherlink, an Ethereum-compatible layer-2 blockchain powered by Tezos…

After a stagnant week in the cryptocurrency market, interesting developments will be waiting for crypto users in the new week. In the new week, markets will examine the non-farm employment data, especially from the USA. In addition, there will be token lock openings in many altcoins in the new week. Here is the token lock opening calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Sui (SUI) Market Value: $2.47 billion Amount of Tokens to Unlock: $49.19 million (1.99% of market cap) Date: 3 May 2024, 03:00 Decentral Games (DG) Market…