Author: NBTC

At the World Digital Mining Summit in Las Vegas, Bitmain, a leading manufacturer of application-specific integrated circuit (ASIC) bitcoin mining rigs, introduced two new mining machines. Both models—one air-cooled and one hydro-cooled—boast an efficiency rating of under 14 joules per terahash. Bitmain Introduces S21 XP and S21 XP Hydro Bitmain’s new Antminer S21 series mining rigs outperform market rivals in joules per terahash (J/T) efficiency. The first model, the S21 XP air-cooled unit, delivers 270 terahash per second (TH/s) with an efficiency rating of 13.5 J/T. As of now, with the hashprice at $0.0524 per TH/s per day, the S21…

Bitcoin’s price outlook remains robust as long-term holders’ selling pressure eases. Institutional investors bought Bitcoin during local price bottoms at roughly $57,500. The Market Value to Realized Value indicator suggests further upside ahead. Bitcoin’s (BTC) price outlook remains positive in the short term despite its recent stabilization, on-chain data suggests, propelled by easing selling pressure by long-term holders and activity from large-wallet investors. Bitcoin whales analysis indicates bullish sentiment Bitcoin’s price reached $71,979 on May 21, nearly matching its all-time high (ATH) of $73,777, but it retreated slightly amid choppy trading. An analysis of the behavior of large-wallet investors, popularly…

Morpho is the first Layer 2 protocol to launch on Coinbase’s Base. Morpho has introduced MetaMorpho Vaults and Morpho Markets on Base, boosting yield and borrowing options. Morpho’s CEO, Paul Frambot, has shifted his stance on Base deployment seeing it as pivotal for Morpho’s growth in DeFi. Morpho, a decentralized finance (DeFi) lending and borrowing protocol initially established on Ethereum, has achieved a significant milestone by becoming the first layer-2 (L2) protocol to launch on Base, a scaling network for Ethereum introduced by Coinbase in 2023. This expansion marks a pivotal moment for Morpho as it seeks to capitalize on…

According to Ripple CEO Brad Garlinghouse, his company is approaching the very end of its long-lasting legal battle with the SEC. “Why did the SEC go after XRP kind of first…? You know, in some ways, you look at that now and you say we’re almost at the very very end of that journey.” Garlinghouse doesn’t know the exact date when the lawsuit is going to be resolved, but he jokingly named Sept. 21 as “the end of summer.” The judge will make the decision when she makes the decision. My estimation is sometime before the end of the summer.…

The Australian Securities and Investments Commission (ASIC) has filed an appeal against a federal court ruling that absolved cryptocurrency provider Block Earner of paying a penalty for offering unlicensed financial services related to its digital assets product. The Australian regulator announced on Tuesday that it has appealed the Federal Court’s decision and will continue to seek the imposition of a financial penalty. In the past, it had requested AU$350,000. Interestingly, the Court had previously found that Block Earner engaged in unlicensed financial services and operated an unregistered managed investment scheme from March to November 2022. Despite acknowledging the seriousness of…

CleanSpark CEO Zach Bradford has said his company would be one of the industry’s most active acquirers around the Bitcoin halving. He wasn’t lying. The Las Vegas-based company said Tuesday it has bought five more bitcoin mining facilities in Georgia for nearly $26 million. The sites have a combined infrastructure capacity of 60 megawatts and are set to add about 3.7 exahash per second to CleanSpark’s operating hashrate. Read more: Buyers and sellers: How bitcoin miners are thinking about post-halving M&A“These sites not only enhance the load balancing capabilities for the local cities we work with, but lock in the…

Veteran trader Peter Brandt has recently spotlighted Bitcoin’s ongoing performance relative to gold, noting that while Bitcoin has been gaining ground, it has yet to surpass the highs it reached in 2021. Back in 2021, Bitcoin experienced a significant rally, reaching an all-time high of over $64,000 in April and then peaking again at nearly $69,000 in November. During these periods, Bitcoin’s performance against gold was particularly notable, with many analysts and investors drawing comparisons between the two assets as stores of value. Fast forward to March 2024, when Bitcoin rose to $73,750 based on optimism surrounding the Bitcoin halving…

Drift Protocol, a decentralized and open-source exchange platform on the Solana blockchain, has announced a unique collaboration. According to the platform, it is partnering with Ondo Finance (an institutional-level financial protocol) to incorporate RWA collateral into Solana DeFi. The company took to the social media platform X to reveal the news of this development. 🌐 Marking the first time yieldcoins can be used as collateral on a perpetuals platform, we are excited to announce that $USDY is now available as collateral on @DriftProtocol. Welcome to the Ondo Ecosystem, Drift! 🌐🌊 $USDY holders on @solana can now utilize their… https://t.co/r6CZGDVYm9 pic.twitter.com/OBHcP3winI…

FLOKI announces a bullish announcement of another major FLOKI listing. The new listing on NEXO opens doors for over seven million users to embrace FLOKI. Bullish sentiment for FLOKI continues to rise despite prolonged crypto market correction. Amidst the ongoing correction phase in the crypto market that had many crypto assets dip in price value and now have them moving in what looks like a steady sideways movement, Floki Inu announces another bullish crypto exchange listing for its beloved native crypto token FLOKI. $FLOKI has been listed on #Nexo!@Nexo, an award-winning digital asset platform established in 2018, prioritizes compliance with…

A Polymarket gambler in Taiwan is facing legal consequences for wagering on the outcome of the presidential election earlier this year. The individual, named Chen, used the Polymarket gambling website to bet 472.17 USDC on Ke Wenzhe’s victory in the presidential race and another 60.19 USDC on the Democratic Progressive Party’s (DPP) ability to win more legislative seats. After an investigation, Taiwanese authorities accused Chen of violating election laws but offered him a deferred prosecution, citing his guilty admission. The deferred prosecution details that between December 12 and 17 of the previous year, Chen accessed Polymarket through his mobile phone…