Author: NBTC

Alliance Resources says it has mined 425 BTC with excess power at its facility The company is the latest publicly listed entity to have bitcoin on its balance sheet NASDAQ-listed coal miner Alliance Resource Partners (ARLP) said in an earnings call that it has mined $30 million in bitcoin (BTC) using excess power at its facilities. “In the second half of 2020, we started mining bitcoin as a pilot project to monetize the already paid-for yet underutilized electricity load at our River View mine,” Cary Marshall, the firm’s chief financial officer, said during an earnings call. Marshall said that at…

Siddharth Lalwani is on a mission to redefine the blockchain ecosystem with Skate, a universal application layer integrated with EigenLayer that enables apps to run seamlessly across thousands of chains with a single, unified state. As the Co-Founder and CEO of Range Protocol, the company behind Skate, Siddharth brings deep expertise in web3 infrastructure and DeFi from his experience at leading firms like Altonomy, Point72, Bybit, Certik, and Citigroup.In this exclusive interview, Siddharth shares his vision for solving the challenges of application fragmentation and liquidity silos that plague the current multi-chain landscape. He explains how Skate’s innovative approach of embedding…

All Bitcoin-based projects from Animoca Brands will onboard Runes-powered Opal Protocol, confirms the team. Initially, 6 subsidiary companies will join the Web3 gaming ecosystem on Bitcoin as Genesis members. Animoca Brands, the Hong Kong-based giant in web3 gaming and metaverse investments, is advancing its plan to construct an ‘open metaverse’ within the Bitcoin ecosystem by partnering with the Runes-powered Opal Protocol. The protocol’s list of “genesis members” features six portfolio companies of Animoca Brands, namely, Life Beyond, Open Campus, Enjin Starter, Helika, Pixelynx, and Azarus. Moreover, Solana-based NFT marketplace MagicEden, ApeCoin ecosystem developer Horizen Labs, Metaverse Tech firm Darewise, Bitcoin…

While the downward trend in the Bitcoin and cryptocurrency markets continues, investors pinned their hopes for an upward trend on May. At this point, while all eyes are on May, does Bitcoin like May? How did it perform in previous May months? Let’s look at the answers to your questions. In the table below, you can see the comparative performance of Bitcoin in May. As can be seen in the table, Bitcoin generally increased in April and decreased in May. Accordingly, while BTC has closed May in red for the last 3 years, 35.3% respectively; It fell by 15.6% and…

In a landmark move poised to reshape the gaming landscape, STYLE Protocol has successfully raised $2.5 million in seed funding to pioneer a transformative approach to Non-Fungible Tokens (NFTs). The protocol aims to unlock the full potential of NFTs by seamlessly integrating them into any game or Metaverse, effectively bridging the gap between disparate gaming platforms. At the core of STYLE Protocol’s mission is the resolution of the longstanding interoperability dilemma within gaming. By enabling players to utilize their NFT purchases across a multitude of gaming environments, from skins to weapons and beyond, STYLE Protocol is democratizing access to virtual…

VeChain has gained close to 23% in the past two weeks amid a renewed price rally that aligns with a second trending spree for VET in that time. VeChain launched its MaaS platform this month, partnering with Italian MotoGP champions Gresini Racing and VeBetterDAO, a sustainability dApp that airdropped new tokens. After losing its momentum earlier in the month, VeChain has regained it, and in the past two weeks, it has been going through a resurgence, gaining 10% in the past seven days and over 20% in the past fortnight. VET trades at $0.0457 at press time; in the past…

April 29 (Reuters) – Two lawmakers are pressing the Biden administration on the use of cryptocurrency to evade sanctions in Russia, Iran and North Korea, asking officials what additional authorities might be needed to prevent digital assets, such as stablecoin Tether from being used by sanctioned entities in Russia and elsewhere. WHY IT’S IMPORTANT The letter sent on Sunday by U.S. Senators, Democrat Elizabeth Warren and Republican Roger Marshall, to officials including Treasury Secretary Janet Yellen and Defense Secretary Lloyd Austin show increasing scrutiny on how cryptocurrencies could be used to circumvent sanctions. CONTEXT Warren and Marshall raised particular concern…

TL;DR Increasing Centralization in Bitcoin Mining: Recent studies have raised concerns about the growing centralization of Bitcoin mining, with one entity controlling nearly 47% of the network hashrate. This trend towards oligopoly is driven by changes in reward distribution by mining pools. Economic Implications of Centralization: The BitMEX Research team created a model to examine the potential economic effects of this concentration. The model suggests that only around $20 million of capital might be required for variance-smoothing operations. Risks of Centralized Authority: The dominance of nearly half of the network’s hashrate by a single entity not only challenges the decentralization…

Alephium, a notable player in the Layer 1 blockchain sector, has officially integrated with Mises Browser, enhancing user access to its native wallet features. Blockflow DAO, Alephium’s first community-driven decentralised autonomous organisation, has facilitated this integration. Thanks @Blockflow_DAO!Welcome @Mises001! https://t.co/OZEnxrMZnp — Alephium (@alephium) April 30, 2024 Alephium stands out by avoiding typical compromises in the blockchain industry, providing a combination of scalability, expressivity, robust security, and decentralization. This approach ensures that Alephium users enjoy a high-performing network without sacrificing user experience or safety. A Look at Mises Browser The Mises Browser is recognized as the world’s first fast, secure, and…

Quick Take In the week preceding the much-anticipated Bitcoin halving on April 20, transaction fees for Bitcoin exceeded those of Ethereum; this trend persisted until April 27, according to Glassnode data. CryptoSlate meticulously tracked fee trends across both blockchains before, during, and after the halving. Data unveiled a notable but temporary spike in Bitcoin fees, fueled by speculative activity surrounding Runes. However, by April 28, Ethereum fees had slightly outpaced Bitcoin, hitting $3,339 million compared to $3,315 million for Bitcoin. Bitcoin’s 7-day average fees remained elevated at around $11.8 million, according to Cryptofees. The mempool.space platform, which tracks Bitcoin transaction…