Author: NBTC
Cardano founder Charles Hoskinson argues that the Midnight integration will make the Cardano ecosystem a multichain network. In a Tuesday tweet, Hoskinson insisted that the imminent mainnet launch of Midnight will boost the Cardano ecosystem’s prowess. He noted that Cardano would become a multichain network with the integration, allowing it to connect with other chains like Ethereum and Solana. Notably, Cardano’s sidechain Midnight is still in testnet. The team launched the testnet phase in early October, allowing developers globally to participate in the network’s evolution. For further context, Midnight leverages zero knowledge (zk) to provide a>Cardano Founder Teases BitcoinOS Rift…
The average price MicroStrategy (MSTR) paid for its bitcoin purchases has risen to $58,263. Through tens of billions of dollars in dilutive and convertible stock offerings, the company has acquired 402,100 bitcoin – mostly in exchange for debt and future shareholder dilution. Excluding those future obligations, CEO Michael Saylor boasts that the company’s currently outstanding shareholders have earned a yield of 38.7% during the month of November. This figure is calculated by dividing MicroStrategy’s bitcoin by its “assumed diluted shares outstanding,” a proprietary metric that excludes a variety of future obligations – especially if MSTR rallies above the conversion prices…
The Hashgraph Group has obtained a fund management license from the Abu Dhabi Global Market (ADGM) enabling it to launch a $100 million Web3 venture fund. Venture Fund to Back Hedera Network Innovators The Swiss-based Hashgraph Group has secured a fund management license from the Abu Dhabi Global Market (ADGM) in the United Arab Emirates. This license, granted to Hashgraph Ventures Manager, allows the company to launch a $100 million Web3 venture fund out of ADGM. Hashgraph Group will contribute $20 million, or 20% of the fund, as seed capital. The fund will focus on investing in early-stage and established…
Magic Eden, one of the largest non-fungible token marketplaces, saw its newborn airdropped coin become a flop right after its launch on Tuesday, Dec. 10. According to a blog post, the NFT marketplace, launched in September 2021, allocated 12.5% of its 1 billion Magic Eden (ME) total supply to its airdrop. The token generation event captured the attention of leading crypto exchanges. Binance, Upbit and Bithumb announced to list ME hours before the launch. Coinbase also joined the listings late Tuesday, the exchange posted on X. Magic Eden (ME) is now live on https://t.co/CD3RBjtMAO & in the Coinbase iOS &…
Bitcoin exchange balances are at their lowest point since early 2023. This shows a trend of decreasing liquidity across crypto exchanges. Bitcoin exchange balances have been falling throughout 2024. The total BTC is now 2.3 million, a decrease of 116,000 BTC in one month. Since the beginning of the year, exchange balances are down 315,775 BTC, around 12.8%. #Bitcoin balances on exchanges have been dropping all year.Total exchange balance for those shown below is 2.3 million $BTC, which is down 116,000 in 1 month and down 315,775 this year 👇 pic.twitter.com/Erk6WOVele — HODL15Capital 🇺🇸 (@HODL15Capital) December 4, 2024 Exchange Balances…
The CULT token by Remilia Corporation emerged from the Milady NFT community. The asset already trades in the $500M range, and it has presented a white paper for its development through 2027. CULT, the token of Remilia Corporation, held a high-profile airdrop for the Milady community. Despite the initial airdrop controversy, the asset almost completed its first day of trading with a $500M valuation. At its peak, the Milady Cult Token (CULT) briefly traded above $780M in total market capitalization. After the launch, Remilia Corporation updated its white paper, titled “‘Milady CULT coin declassified.” The paper holds the asset’s main…
Public mining companies have posted deep losses in 2024, based on data from Hashrate Index, tracking the biggest miners and data center operators. Despite the new all-time highs for Bitcoin (BTC), the shares of most mining entities are on track to end the year in the red. Not all publicly traded mining companies are sharing in the success of MicroStrategy, MARA Holdings, or Hut8. The stocks of most mining entities are on track to end the year in the red. The stock market performance of mining companies shows deep losses for the year to date, based on data collection by…
These 7 cryptos — ONDO, INJ, MOVE, SUI, HYPE, JUP, and THE — could see explosive growth if Bitcoin continues its upward momentum maintaining its price above $97,000 and moves towards $100,000. ONDO has risen by more than 3% in the past 24 hours, CoinMarketCap data shows, and now is aiming for $2. The digital asset is trading at $1.66, down 14.57% from its all-time high of $1.93. The project recently announced its market-leading yield-coin USDY is available on BounceBit, a CeDeFi V2 protocol. Injective (INJ) With the recent debut of INJ 3.0, which drastically reduced the supply of Injective’s…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Merry Christmas and Happy Hanukkah to those who celebrate. Kwanzaa kicks off tomorrow too. While Santa’s elves worked hard in the holiday lead-up, bitcoin miners were busy raising money for different purposes. We touched on this phenomenon earlier this month. Bitdeer noted proceeds from its convertible senior notes offering would go toward datacenter expansion and mining rig development. Marathon and Riot Platforms have signaled the route of using raised capital to buy more BTC. More recent announcements from two other segment players continue to highlight that…
Stellar, a public blockchain and a peer-to-peer virtual currency network, has joined the RWA Foundation, a decentralized community for real-world assets. The Real World Assets (RWA) Foundation is an organization that connects crypto enthusiasts with tokenized assets supported by leading brands in the tokenization industry. In a recent announcement on X, the Real-World Asset (RWA) Foundation revealed that the Stellar Network has officially joined as a founding member of the RWA Foundation DAO. This foundation is dedicated to establishing standards and best practices that encourage the adoption of tokenization for both crypto enthusiasts engaging with RWAs and asset issuers aiming…