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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Legal

Nvidia Crypto Lawsuit Under Review by Supreme Court

By NBTC

Key Points: Nvidia crypto lawsuit was reviewed Supreme Court over claims of misleading investors about cryptocurrency revenue. Shareholders allege Nvidia hid reliance on cryptocurrency mining for revenue growth in 2017-2018. The U.S. Supreme Court is set to review a Nvidia crypto lawsuit accusing the tech giant of misleading investors about its revenue from cryptocurrency mining. The decision, reported by Bloomberg, could significantly influence future securities fraud lawsuits. Supreme Court to Hear Nvidia Crypto Lawsuit The Nvidia crypto lawsuit involves claims that the company obscured the primary driver behind its GeForce GPU sales during 2017 and 2018. Shareholders allege that CEO…

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Bitcoin

'Bitcoin Miner' Game Adds a New Way to Earn Real BTC—Here's How

By NBTC

Mobile game Bitcoin Miner, one of the most prominent play-to-earn games that pays out real Bitcoin while you play, has launched a new kind of limited-time event that’s available for approximately the next 24 hours as of this writing. The midweek “Diggy” event puts riffs on the other kind of mining—no, not mining cryptocurrency with a hyper-powered computer, but instead digging into the earth to uncover resources. It’s another kind of side diversion from the mostly idle main game, giving you something different to do while earning more Bitcoin and other useful in-game items. Diggy first debuted two weeks back,…

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Altcoins

New Regional Hub for Operations in Latin America

By NBTC

Argentine authorities scrutinize Worldcoin for potential abusive clauses and discrepancies in provided information. Despite controversies, Worldcoin continues its expansion across Latin America, facing critiques on privacy and data security. Worldcoin, a project known for its unique approach of offering tokens in exchange for scanning users’ irises, has announced plans to make Argentina the regional hub for its Latin American operations. This expansion includes the opening of 50 new facilities across over 10 Argentine cities. Expansion and Local Impact The announcement, detailed in a press release sent to CriptoNoticias, indicates that these new facilities will host Worldcoin’s “Orbs”—spherical, metallic, futuristic devices…

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Legal

SEC Issues Important Statement on Ripple (XRP) Case

By NBTC

The US Securities and Exchange Commission (SEC) opposed Ripple's efforts to reduce the fines, stating that the firm “admitted nothing.” The SEC rejected Ripple's request for lower fines in its lawsuit against the regulator, saying last week that the circumstances were different when determining penalties for Terraform. Ripple, which has been in a legal battle with the SEC since 2020, compared the regulator's proposed $2 billion penalty for selling to institutional investors to penalties imposed on Terraform Labs in a “notice of additional jurisdiction” filed in New York district court on June 13. However, the SEC argued on June 14…

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Bitcoin

This Support Level Will Determine If BTC Soars to New ATH or Falls to $60K: Bitcoin Price Analysis

By NBTC

Bitcoin’s price has yet to break out of the large descending channel and move toward a new record high, but a further rally is highly probable. Still, BTC failed to overcome the psychological $70,000 line earlier this week decisively. Technical Analysis By TradingRage The Daily Chart On the daily chart, the asset has been rallying recently since a rebound from the lower boundary of the descending channel and the $60K support level. Yet, the higher trendline of the channel has rejected the cryptocurrency, and the $68K support zone is currently being tested. If the level holds, it will only be…

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DeFi

Dydx Chain Launches New Software Version, Adds Slinky Oracle for Real-Time Price Updates

By NBTC

The decentralized finance (defi) protocol, Dydx, has officially launched version 5.0.0 of its blockchain software, introducing innovative trading features aimed at enhancing market dynamics and user control. This update, approved by the Dydx community, includes the implementation of isolated markets and margins, designed to refine risk management and collateral usage. Dydx Chain Launches Upgrade According to the announcement on Tuesday, the new isolated markets feature on the Dydx Chain allows for the segregation of collateral pools and dedicated insurance funds, a shift from the previous system where collateral requirements were interconnected across various positions. This isolation Dydx detailed means that…

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Altcoins

Injective Integrates PYUSD, Turning into the Earliest L1s Supporting Stablecoin

By NBTC

Injective, a popular L1 blockchain platform powering exclusive DeFi applications, has announced the latest integration. As per the platform, it is integrating Paxos and PayPal’s joint stablecoin PYUSD, turning into the earliest L1s supporting the respective token. The platform took to the social media platform X to disclose the news of this exclusive development. Injective today is integrating PYUSD, becoming one of the first ever L1s to support the stablecoin released by PayPal & Paxos. PYUSD can be onboarded from Ethereum & Solana onto Injective. dApps on Injective can utilize $PYUSD for lightning fast payments, trading, DeFi and more. pic.twitter.com/dilhamIQhX…

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Legal

SEC crypto enforcement leader departs

By NBTC

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack and Casey Wagner. Here’s what we unpack today: After an SEC leader focused on crypto-related enforcement actions stepped away, we look at what happened under his tenure. What to watch for on the macroeconomic front during a week in which various Federal Reserve regional presidents are set to speak publicly. The SEC has followed up with firms vying to launch spot ETH…

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Mining

Bitmain's New S21 Bitcoin Mining Rigs Debut With up to 473 TH/s of Hashpower

By 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…

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Bitcoin

Bitcoin bull market is still going strong, on-chain data shows

By NBTC

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…

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