Author: NBTC

The Bitcoin (BTC) mining landscape has experienced a seismic shift following Bitcoin’s fourth halving event, with daily miner revenue soaring to an unprecedented $107 million, as reported by CryptoQuant. Remarkably, a staggering $80 million, accounting for 75% of this total, was generated from transaction fees alone. Record-high daily revenue for #Bitcoin miners yesterday: ~$107 million.Even more impressive is that 75% or $80 million came from fees. pic.twitter.com/Cyx3KJ90XE — Julio Moreno (@jjcmoreno) April 21, 2024 The halving event, an integral feature of Bitcoin’s protocol designed to control its inflation rate and maintain its scarcity, reduced miner rewards from 6.25 bitcoins to…

Ondo Finance, the popular platform offering institutional-grade on-chain financial products, has started a new collaboration. The company revealed its integration with Zebec Network, a decentralized infrastructure forum for matchless real-world value flows, after leveraging its RWA Payments and Instant Card. The platform took to X to provide insights into the respective initiative. 🌐 We’re delighted to welcome @Zebec_HQ into the Ondo Ecosystem following an integration of $USDY with Zebec’s Instant Card and RWA Payments technology. 🌐🤝 @Zebec_HQ is a decentralized infrastructure network built to create a future where real world value moves freely and… pic.twitter.com/mkdzwm6KPX — Ondo Finance (@OndoFinance) May…

A preemptive lawsuit filed in Texas federal court aims to definitively determine Ethereum’s regulatory status. But the move by blockchain software company Consensys in its home state may be far from the final legal showdown over crypto’s second-top coin, as the Securities and Exchange Commission (SEC) has national reach. “The SEC can bring a case anywhere in the country,” Christopher Gerold, a partner at Lowenstein Sandler LLP told Decrypt. “They can just as easily file a lawsuit today and allege sale of unregistered securities in a jurisdiction that they find favorable: California, New York, [or Washington] D.C.” In its complaint,…

Ripple and XRPL Labs have taken a significant step in the realm of digital asset management by leading the establishment of the Decentralized Recovery Alliance (DeRec). As founding members alongside Swirlds Labs and the Algorand Foundation, they are positioned to provide strategic oversight on the Technical Oversight Committee (TOC) for the next two years. The alliance comprises notable industry players such as Acoer, BankSocial, Blade Labs, The Building Blocks, Casper Association, Constellation Network, The Hashgraph Association, The HBAR Foundation and Revive Labs. Together, these members aim to develop an interoperability recovery standard that simplifies the process of recovering digital assets…

A little-known rule proposed by the U.S. Securities and Exchange Commission (SEC) that is disliked by vast numbers of the finance firms — particularly banks — and vehemently opposed by the majority of the crypto industry is essentially getting revived by President Joseph Biden. This is an excerpt from The Node newsletter, a daily roundup of the most pivotal crypto news on CoinDesk and beyond. You can subscribe to get the full newsletter here. The House on Wednesday approved a decision to overturn the SEC’s Staff Accounting Bulletin (SAB) 121 in a majority vote. In the normal course of events,…

The first bitcoin futures contracts listed on B3, the stock exchange in Brazil, experienced significant interest from investors on debut day. According to a note delivered by the stock operator, 7,400 bitcoin futures contracts were traded, with the instrument reaching a peak of 111,000 orders on screen. While B3 has also bitcoin ETF contracts, futures are part of a diversification policy to reach more investors. Bitcoin Futures Register Relevant Demand: 7,400 Contracts Negotiated B3, the Brazil stock exchange, registered significant demand for its bitcoin futures contracts during the launch day. The stock operator stated that the instrument reached a peak…

Shiba Inu ecosystem market specialist Lucie argues that, based on prevalent ecosystem developments, Shiba Inu could record a greater price upswing. The Shiba Inu ecosystem could be on the brink of a significant breakthrough this bull season. Lucie, a market specialist within the community, recently highlighted the potential for an imminent spike in SHIB’s value, drawing attention to several key developments that underpin this optimism. Facts not opinions $SHIB $SHIB is here to stay. In October 2021, $SHIB surged from 0.000007 to 0.000088 in just a few days, with no burns and no major adoption at the time. ( imagine…

Georgia’s security service has claimed overseas actors are using crypto to fund a spate of protests that have divided the country. Thousands have taken to the streets in the capital Tbilisi in recent days, with smaller protests also taking place in the cities of Zugdidi, Kutaisi, and Gori. But the State Security Service of Georgia (SSSG) says the masterminds behind the protests are using “funds from abroad.” And, the SSSG claimed, protest organizers are making use of crypto in a bid to “cover their tracks.” Georgia Protests Are ‘Crypto Funded,’ Says Intelligence Agency The SSSG is Georgia’s state intelligence agency.…

Bitcoin price recovered and climbed above the $64,000 resistance zone. BTC is now facing hurdles near the $65,500 and $66,000 levels. Bitcoin is now struggling to gain pace for a move above the $65,500 resistance zone. The price is trading above $64,000 and the 100 hourly Simple moving average. There is a key contracting triangle forming with resistance at $65,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh surge if it clears the $65,500 resistance zone. Bitcoin Price Starts Increase Bitcoin price found support above $60,000 and started a fresh…

Three Solana-based meme coins to watch this week as the market prepares for another bullish round. The crypto market is about to enter the second phase of this ongoing bull season after the past weeks of downturn. With the recent recoveries, investors may be wondering which altcoins are worth the buy as the bull gradually emerges. Typically, meme-based altcoins come to mind as they have repeated histories of leading the frenzies in a bull market. However, meme coins launched on the Solana blockchain stood out in the initial phase of this bull cycle. According to a research report by market…