Author: NBTC

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…

Bitcoin hashrate and difficulty may fall during the North American summer months as miners curtail some of their operations. Lower competition may provide some reprieve to miners who are already facing a profit squeeze due to the halving event, which reduced Bitcoin mining rewards by 50%. The unrelenting growth of Bitcoin’s (BTC) hashrate, or computing power of the network, may finally slow down, giving miners some reprieve as extreme summer heatwaves force curtailments of some operations. Miners have seen their profit margins squeezed in an already overcrowded sector after the halving cut their mining rewards by 50% while hashrate kept…

In a world where “talent is everywhere, opportunity is not,” the existing fiat monetary system perpetuates the divide between those with access and resources those without. Even in democratic societies, which have their own flaws, people generally enjoy stable currencies, freedom, and rule of law. These features create an environment rich with opportunities, where a person’s start in life doesn’t have to dictate where they end up. Bitcoin advocate and bestselling author Lyn Alden is a prime example of overcoming obstacles and taking advantage of the opportunities afforded by democratic societies. Despite experiencing homelessness for several years, she worked her…

Who remembers NFT in 2024? Maybe some Pudgy Penguin owners that also received ZK tokens. Others may have moved on to ordinals, hoping to start at the ground floor with a brand-new valuable collection. Older NFT, though, are not doing so well and are seeking ways to survive. At the peak of the NFT bull cycle in 2021, Punks reached a price floor of $500K. NFT minting was an anything-goes market, where it was the norm to sell whole collections in minutes, even before unveiling the images and the information about rare traits. Also Read: What is NFT Crypto: The…

VeChain has launched the innovative Charge2Earn application in collaboration with Tesla, offering rewards for sustainable driving practices. The Charge2Earn dApp allows Tesla owners to earn rewards by tracking their vehicle’s energy consumption and distance traveled. EVearn, developed in partnership with VeChain, is now live, offering a sophisticated platform where going green earns rewards. VeChain encourages its community to make eco-friendly choices, rewarding each sustainable action. This initiative aligns with VeChain’s objectives, as highlighted in previous CNF updates such as VeChain’s Ascendancy: Innovations and Ecosystem Expansion Propel Growth. Tesla owners are in for a treat, as detailed in a recent CNF…

Since 2023, the crypto industry has contributed $150 million in political donations to support pro-crypto governance. This influx of funding aims to influence policy and regulation in favor of cryptocurrencies. Ripple CEO Brad Garlinghouse recently stirred conversations by suggesting that candidates supporting crypto could attract substantial funding in the upcoming months. His remarks highlight the growing dominance of crypto donations in the US prudential elections in 2024. While Donald Trump used crypto donations as a political tool to win the elections, other candidates kept a low stance on crypto. You’ll hear this a lot more in the next few months…

CleanSpark, a Bitcoin mining company, today announced that it has closed on a previously announced acquisition of 5 turnkey Bitcoin mining facilities in Georgia, with a combined total capacity of 50MW. This $25.8 million buyout looks to allow the company to expand its mining operations in a big way, with the transaction closing soon. Its integration of these facilities is expected to greatly improve CleanSpark’s current hashrate capacity to an even higher range of over 3.7 exahashes per second (EH/s) once the most recent S21 pro miners are fully integrated. It is part of CleanSpark’s broader initiative to expand their…

Bitcoin, which exceeded its previous ATH in March and recorded a new ATH, subsequently encountered a great selling pressure and could not continue its upward momentum in the following months. While the selling pressure on BTC has decreased after the declines in April, the price continues to consolidate within a certain range. At this point, while investors were wondering whether there was a danger of another decline, a positive report came from Glassnode. According to the Glassnode report, the selling pressure on the price of long-term Bitcoin holders has decreased significantly and these investors have started to accumulate BTC again.…

Amid recent struggles for Cardano, a notable analyst identifies four key developments that could drive ADA up by 600% to $3 this year. Cardano (ADA) has underperformed in the bull market in recent weeks, struggling to rise above the psychological $0.50 level. The ongoing market downturn has worsened ADA’s position, pushing it dangerously close to falling below $0.40. Despite ADA’s continuous retreat from the $1 mark, there remains optimism about its prospects for the remainder of the year. Sebastian, a notable analyst, recently expressed confidence that ADA could reach $3 this year. Notably, $3 is approximately Cardano’s all-time high, which…

Key Points: The Idaho Republican Party commits to advancing Bitcoin policy within the state. Firm stance against developing a Central Bank Digital Currency (CBDC). The party’s positions reflect broader debates on digital currency regulation and innovation. The Idaho Republican Party passed an official resolution on digital currency, proclaiming itself proactive toward Bitcoin policy and enhancing its dissolved relationship with a central bank digital currency. The resolution showcases the party’s struggles to lead financial policies in line with its values and priorities. The Idaho Republican Party must endeavour to create a regulatory climate that will foster the adoption of these kinds…