Dalmas Ngetich, a seasoned crypto reporter, brings a unique perspective to the industry. His vast experience in covering NFTs, blockchain, DeFi, and blockchain news for NewsBTC sets him apart from others in the field. With a background in mechanical engineering and over a decade of journalism experience, Ngetich has crafted over 10,000 news and feature
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The founders of Andreessen Horowitz (a16z), Ben Horowitz and Marc Andreessen, shed light on the challenges plaguing the cryptocurrency industry under the current administration. They are critical of the Biden-Harris Administration’s approach to regulating the sector, citing a lack of clear guidance from the Securities and Exchange Commission (SEC) on which cryptocurrencies are classified as
BitcoinOS (BOS) developers recently achieved a groundbreaking milestone in blockchain history by successfully verifying the first-ever zero-knowledge proof (ZKP) on the Bitcoin mainchain. This achievement signifies a major leap forward in the scalability and functionality of Bitcoin, without the need for changes to its underlying consensus code. This milestone, verified at Block 853626, marks the
Cynthia Lummis recently released a report criticizing the Biden administration’s proposed 30% excise tax on the energy consumed by Bitcoin miners. She argues that this tax could have severe repercussions on the growing Bitcoin mining industry in the United States. Lummis contends that the concerns about environmental pollution and risks to the energy grid, which
The recent launch of Ethereum ETFs has sparked a flurry of excitement among industry experts and crypto enthusiasts alike. Among them, renowned crypto analyst Doctor Profit has made a bold prediction regarding Ethereum’s value. According to him, Ethereum is poised to break through the $10,000 barrier and potentially even reach a peak of $14,000. This
In early July, the once prominent crypto exchange, Mt. Gox, began the process of repaying creditors who were affected by the 2014 hack. Despite the distribution of Bitcoin and Bitcoin Cash owed to these creditors by Kraken, the price of Bitcoin has not fluctuated significantly, indicating a sense of stability in the market. Concerns arose
Recently, the Russian State Duma made a significant decision to legalize Bitcoin mining and allow the use of cryptocurrencies for international trade. This bill, which has been in the works for a few years, is set to come into effect on September 1 pending final approval. The legislation aims to address the challenges faced by
After years of waiting, creditors of the defunct Mt. Gox exchange are finally seeing progress in the form of returned digital assets. Bitstamp, along with other exchanges like Kraken, has begun the process of distributing Bitcoin (BTC), Bitcoin Cash (BCH), and Ethereum (ETH) to users affected by the infamous 2014 hack that led to Mt.
Save, formerly known as Solend, has embarked on a strategic rebranding journey to enhance its platform and offer more financial opportunities to the Solana community. The rebranding goes beyond just changing the name; it signifies a significant evolution aimed at providing users with a broader range of financial services, from borrowing to trading. This transformation
The current price of Ethereum has been consolidating above the 100-day and 200-day moving averages, indicating a bullish trend in the market. This consolidation phase follows a period of sideways fluctuation after breaking above the critical 100-day moving average at $3,354. The lack of clear direction in the price suggests an equilibrium between buyers and
