Author: NBTC

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.

Pennsylvania State, Crypto Miner Sued for Polluting Environment

Pennsylvania state has failed to protect its residents from a crypto mining rig’s carbon dioxide emission, a court filing read. On Tuesday, a Pennsylvania environmental NGO – Save Carbon County – filed a lawsuit in a state court, accusing Stronghold Digital Mining. The company has been reportedly burning waste coal and tiers to produce energy for its crypto mining operations. Per the complaint, the Stronghold mining located in northeastern Pennsylvania has caused enough environmental harm by performing energy-intensive Bitcoin proof-of-work.” The lawsuit also mentions Pennsylvania state as a defendant, a Reuters report noted. It marks the first time the state…

MiningMar 27

AI Bot 'Syntax' From Spectral Labs Could Help Non-Coders Write Ethereum Apps

Spectral Labs, a crypto development firm focused on artificial intelligence, wants to make it easier for non-programmers to build on blockchains. On Tuesday the company will launch Syntax, an AI app that can help anyone – coders and non-coders alike – spin up smart contracts for Ethereum and dozens of other blockchains. While Syntax represents an impressive technical achievement, Spectral still faces the hurdle of convincing users to entrust AI with their precious digital assets. Those familiar with Chat GPT and similar chatbots will be at home on Syntax interface, which is powered by a crypto-specific large language model (LLM)…

BlockchainMar 27

Are ETH Bulls Getting Ready For $4K Again?

Ethereum’s price has been correcting over the last couple of weeks following a decisive rejection from the $4,000 resistance level. Yet, things can potentially change for the better in the short term. Technical Analysis By TradingRage The Daily Chart On the daily chart, the price has been rallying consistently in recent months before a definitive rejection from the $4,000 resistance level. The market is currently in a correction phase, with ETH consolidating below the $3,600 level. If the market is able to break back above the $3,600 level, the price will likely begin its bullish continuation, potentially making a new…

EthereumMar 27

New Research Suggests Solana Is the Apple of Crypto

New research suggests that Solana has emerged as a standout. It draws comparisons to tech giant Apple, especially for its innovative approach to melding hardware and software. However, the allure of Solana extends beyond just another Apple mimic. Unlike Apple’s hardware-centric approach, Solana inverts the equation, focusing on leveraging hardware to enhance and broaden the Web3 experience. How Solana Stands Out in the Crypto Market Co-founder Raj Gokal often articulates Solana’s vision as the “Apple of crypto.” It highlights the ambition to innovate through software, introducing new functionalities and experiences rather than only facilitating hardware sales. This analogy, while apt…

AltcoinsMar 27

US Announces New Wave of Sanctions Including Some Cryptocurrency Companies

The US Treasury Department has imposed sanctions on several Russian financial services and technology players, including blockchain firm Atomyze, for their role in developing or providing services in cryptocurrencies aimed at evading sanctions against Russia related to the Ukraine war. The US Treasury Department's Office of Foreign Assets Control (OFAC) identified 13 entities and two individuals in the latest round of sanctions. These sanctions target Russia's core financial infrastructure to prevent Russia from using the international financial system to further its Ukrainian war goals. Five of these entities were identified by OFAC because they are owned or controlled by individuals…

RegulationMar 27

Bitcoin Mining Was More Profitable in February Than January: Jefferies

Bitcoin mining was more profitable in February as the cryptocurrency rose 15%. Even though the hashrate has nearly doubled from a year ago, publicly traded miners have lost market share, Jefferies said. The bank cut its price target for Marathon Digital to $24 and raised Argo Blockchain to $1.50. Bitcoin (BTC) mining was more profitable in February than in January as the price of the world’s largest cryptocurrency rose 15% while the network hashrate increased at a slower rate of 9%, investment bank Jefferies said in a research report on Monday. Publicly listed North American mining companies produced a smaller…

MiningMar 27

Meet OrdinalsBot, the Bitcoin Startup Behind the Runestone and Ghostface Killah Drops

Bitcoin Ordinals startup OrdinalsBot—which helped mine the largest-ever Bitcoin block and is working with Wu-Tang rapper Ghostface Killah on Ordinals—announced Tuesday that it surpassed its funding goal with a $3 million seed round led by DACM. The round brings OrdinalsBot’s total funding to over $4.5 million. OrdinalsBot launched in February of last year after Casey Rodarmor released the Ordinals protocol on Bitcoin for putting NFT-like media assets on-chain. Initially, inscribing an Ordinal required several complex steps, including downloading the entire history of the Bitcoin blockchain (aka a full node). OrdinalsBot aims to streamline the inscription minting process for collectors and…

BlockchainMar 27

What Happens if the SEC Brands ETH a Security?

The status of Ethereum is in limbo – currently ETH is not considered a security by the U.S. Securities and Exchange Commission (SEC) — but this could all change very quickly. Ethereum is viewed as a decentralized cryptocurrency, rather than a security. However, regulatory agencies like the SEC continue to monitor the cryptocurrency space and may provide further guidance and sudden change or new rulings in the future. It’s essential to stay updated on regulatory developments. It has been widely reported that a number of U.S. based companies have received subpoenas attempting to label ETH as a security. Highly Unlikely…

EthereumMar 27

Solana Whale Makes Massive 1,000,000 SOL Deposit To Binance, Bearish Sign?

On-chain data shows a Solana whale has just moved a massive SOL stack to Binance, which could prove to be bearish for the asset’s price. Solana Whale Has Deposited 1 Million SOL To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, several large SOL transactions have occurred on the blockchain during the past day. More specifically, six massive transfers have been spotted on the network. Out of these, two transactions were gigantic, with tokens worth $362 million and $498 million involved. These extraordinary transfers, though, were both between unknown wallets. Addresses like these are those…

AltcoinsMar 27

Crypto Chip Company Katena Wins Lawsuit Filed by Bitcoin Miner Coinmint

Crypto technology firm Katena Computing didn't trick miner Coinmint into a $150 million purchase agreement, a panel of arbitrators ruled last month in the mining company's suit against Katena and a semiconductor company called DX Corr. Coinmint alleged in a lawsuit filed last year that Katena and DX Corr conspired to trick it into purchasing $150 million worth of bitcoin mining machines that were never delivered. Coinmint, in the suit, claimed that Katena bribed or otherwise influenced Coinmint's former chief financial officer, Michael Maloney, to secure the sale, knowing full well it wouldn't be able to deliver mining chips it…

MiningMar 27