[ad_1] Core Ventures, the investment arm aligned with the Core Foundation, has deployed more than $1 million across 15 Bitcoin-aligned projects since launching in early 2024. Core Ventures is on a mission to transform Bitcoin (BTC) from a passive store-of-value into an active layer of financial infrastructure that can serve as the foundation for lending, yield generation, stablecoins, and decentralized finance, crypto.news can exclusively report. As the BTCFi continues to grow with a total value locked across Bitcoin-based DeFi protocols up 2,700% since January, Core Ventures is funding projects that push Bitcoin’s programmability. The portfolio spans key verticals including lending,…
Author: NBTC
[ad_1] Ethereum’s Pectra upgrade went live without a hitch—but it didn’t serve as rocket fuel for ETH’s price. The world’s second-largest cryptocurrency was trading sideways after the long-awaited code changes were finalized on Wednesday. ETH is currently hovering at about $1,830, meaning it’s continuing to trade 40% lower than it was this time last year. It was a similar story after Ethereum completed “The Merge,” and made the ambitious switch from proof of work to proof of stake consensus. Back in September 2022, prices were flat in the immediate aftermath of that upgrade—but fell in the days that followed. Analysts…
[ad_1] U.S. Treasury Secretary Scott Bessent affirmed on Tuesday that he is not in favor of debuting a central bank digital currency, or CBDC, under President Donald Trump’s administration, throwing shade on the concept of a digital dollar during Congressional testimony. “We believe that digital assets belong in the private sector, and my personal view is that having a central bank digital currency is a sign of weakness, not strength,” he said before the House Appropriations Committee’s Subcommittee on Financial Services and General Government. Although Federal Reserve Chair Jerome Powell confirmed in February that the central bank does not intend…
[ad_1] The team behind the Shiba Inu ecosystem celebrates Roaring Kitty (ROAR) for winning the Best Loud Shibarium Community award. Lucie, Shiba Inu’s marketing lead, posted the celebratory message yesterday after ROAR won a recent poll, which required community members to share their opinions on which Shibarium-based meme coin they believe is the hottest. ROAR Emerges Victorious Following Lucie’s inquiry, community members took to the comment section to mention the names of different Shibarium-based tokens. The most mentioned tokens include ROAR, DAMN, FEED, and HACHI. Six hours later, Lucie picked ROAR as the winner of the ‘Best Loud Shibarium Community’…
[ad_1] In the heart of contea di Elk, in Pennsylvania, a mining crypto project powered by natural gas has stirred up a storm of controversy and environmental concerns. The company involved, Diversified Energy, has come under scrutiny from the authorities and environmentalists for having abandoned an operational site without fulfilling the obligations of well closure for gas, leaving behind a trail of violations and questions. The site in question, called Longhorn Pad A, had remained inactive for almost ten years before being reactivated in 2022 by Diversified, which transformed it into a power plant to supply its mining generators. However,…
[ad_1] Ice Open Network, a cutting-edge blockchain ecosystem to drive Web3 adoption, has announced its exclusive collaboration with a multi-chain Web3 wallet named FoxWallet. The partnership intends to expand FoxWallet’s social ecosystem Online+, with the integration of Ice Open Network. The platform revealed this joint endeavor in a recent post shared on its official X account. 🤝 We’re pleased to welcome @FoxWallet to the Online+ social ecosystem!Known for its user-friendly interface, fast performance, and true multi-chain support, #FoxWallet is helping more people access Web3 with ease and confidence.🌟 Through this collaboration, FoxWallet… pic.twitter.com/L7pLDSrWiX — Ice Open Network (@ice_blockchain) May 6,…
[ad_1] Ethereum (ETH) is showing signs of life after a period of sideways trading, and the recent Pectra upgrade going live could be the key catalyst behind a fresh wave of momentum. With the daily and hourly charts painting a cautiously bullish picture, is ETH gearing up for a rally beyond $1,900? Ethereum Price Prediction: What’s Driving Ethereum’s Price Right Now? ETH/USD 1 Day Chart- TradingView As of May 7, Ethereum price is trading around $1,827, up 1.36% in the last 24 hours. On the daily chart, ETH has established a firm base above its 20-day and 50-day moving averages,…
[ad_1] Stock markets erased many of their previous week’s declines as tariff fears are once again back in focus. Stocks are down as traders brace for the key Fed decision on interest rates, as tariff fears reemerge. On Tuesday, May 6, DOW Jones lost 404 points, or 0.98%, trading at 40,814, while the S&P 500 was down 0.84% and the Nasdaq dropped 1.00%. Traders were concerned after U.S. President Donald Trump made several remarks that suggested that tariff relief is unlikely. Over the weekend, Trump announced a 100% tariff on foreign movies and stated that there were no plans to…
[ad_1] XYO, one of the oldest decentralized physical network infrastructure projects, has announced the launch of the public beta of its native Layer-1 blockchain. XYO is moving from the Layer-2 Ethereum (ETH) ecosystem where it previously operated to a purpose-built Layer-1 blockchain designed to improve the network’s ability to process large amounts of real-time data with high throughput and low latency. XYO’s Layer-1 blockchain introduces a new consensus mechanism called Proof of Perfect. This system allows decentralized nodes to identify the correct chain to append a block to by algorithmically ranking chain tips based on their “perfectness,” evaluating each tip’s…
[ad_1] Adidas and the makers of Sui-based game Xociety announced a collaboration this week to release limited edition NFT mystery boxes containing in-game character skins, marking the athletic apparel brand’s latest move in the blockchain world. The collection, launching May 16, will offer 2,600 mystery boxes priced at $129 each, each containing Adidas-themed virtual clothing and accessories for player avatars in Xociety—a “pop shooter” game built on the Sui blockchain. Each mystery box contains Adidas-branded digital clothing sets with varying rarity levels from “Uncommon” to “First.” The boxes also include authenticity certificates and XCS tokens representing corporate shares in Xociety.…