Author: NBTC

Recently published accounts from FTX-backed charity Effective Ventures confirm that the company sold a £17 million ($23 million) stately manor at a £10.7 million ($14.5 million) loss as it continues to wind down its UK operations. Effective Ventures’ UK arm bought the manor in 2022 as part of a plan to host educational events for the effective altruism movement, a set of beliefs that involves wealthy donors directing funds to specific causes that they deem will do the most good most efficiently. FTX donated over $26 million to the Effective Ventures Foundation, which was later paid back during the exchange’s…

Elon Musk’s artificial intelligence venture, xAI, has failed in its effort to prevent California’s AI transparency law from taking effect. The company had sought to block AB 2013, which compels AI developers to publicly disclose the datasets used to train their generative models, arguing the requirement tramples on trade secrets and First Amendment rights. The defeat marks a significant legal setback for one of the most well-funded AI companies on the planet, and it sends a clear signal to the broader industry: California is not backing down from its push to force transparency into a sector that has historically operated…

Velotrade, a Hong Kong-based firm founded by former institutional derivatives traders from JPMorgan and Dresdner Kleinwort, has unveiled its funded trading platform that provides traders with capital while sharing profits based on performance, according to a Friday statement. Crypto proprietary trading is a model that allows traders to trade digital assets using capital provided by a proprietary trading firm rather than their own funds. To access a funded account, most retail models require traders to pass a challenge that evaluates profitability and risk discipline. If successful, traders will receive a funded account and earn a share of the profits, provided…

Ocean Network, a decentralized compute platform for AI workloads, has announced the Beta launch of its peer-to-peer GPU orchestration layer. The system is designed to simplify access to high-performance hardware and reduce reliance on traditional cloud providers. During the Beta phase, the company is sourcing GPUs through its 2025 partnership with Aethir, a distributed cloud computing provider. This gives users access to hardware such as NVIDIA H200 at competitive rates. Ocean Network is offering $100 in compute credits to early users. The platform is доступна globally, with capacity scaling based on demand. In the future, it will allow individuals and…

Table of Contents What Is Pancake Town and How Does It Work?What Are PancakeSwap AI Skills?How Does Pancake Town Fit Into PancakeSwap’s Broader Strategy?Conclusion ResourcesFrequently Asked Questions What Is Pancake Town and How Does It Work? Pancake Town is an interactive, browser-based DeFi environment launched by PancakeSwap, accessible at pancakeswap.ai. It combines AI agents with core DeFi tools, letting users plan swaps, manage liquidity, and explore yield-farming opportunities through a visual, avatar-driven interface. No software installation or technical setup is required to get started. The gates of Pancake Town are OFFICIALLY OPEN 🏰🥞The first-ever interactive AI-agent world powered by PancakeSwap…

Upcoming Layer 1 blockchain Nexus has unveiled its native rewards stablecoin, USDx. USDx will serve as the Nexus ecosystem’s native dollar and will implement a Global Yield Distribution System (GYDS), under which applications that hold USDx earn a share of protocol revenue based on their users’ USDx holdings. The design is intended to provide yield as a revenue stream for the ecosystem’s application layer, incentivizing each underlying protocol to integrate USDx. Through USDx, Nexus aims to unify its ecosystem around a shared currency layer that aligns its applications and incentivizes them to drive conversions of USDT and USDC to USDx.…

Payments company Strike received a virtual currency license and a money transmitter license (MTL) from the New York State Department of Financial Services (NYDFS), allowing the company to offer its Bitcoin services to residents and businesses in New York. Granted in February, the approvals authorize Zap Solutions, Inc., which does business as Strike, to operate under New York’s digital asset regulatory framework, the company said in a Thursday release. New York residents can now use Strike to buy and sell Bitcoin (BTC), set recurring or price-targeted purchases and convert direct-deposited paychecks into Bitcoin. The platform also allows users to pay…

The two companies announced that a set of agents completed end-to-end payments in five markets across Latin America. Executing purchases in controlled conditions while following clear consent rules, the pilot shows that AI agents can be integrated into traditional finance scenarios without violating customer protections. Santander and Visa Pioneer AI Agentic Payments Across Five Latin American Markets Fintech companies are now experimenting with introducing artificial intelligence (AI) agents in traditional consumer interactions. Santander, one of the largest banks in the world, recently announced the completion of a pilot that examined the use of AI agents to make a series of…

A group of U.S. regional banks is developing the Cari Network, a tokenized deposit platform built on ZKsync, a layer-2 network, as lenders seek a regulated path to modernize digital payments. The network, announced Tuesday, is being developed with banks including Huntington Bancshares, First Horizon, M&T Bank, KeyCorp and Old National Bancorp. It’s designed to let banks turn customer deposits into digital tokens that can move instantly between institutions — without those funds ever leaving the banking system. That’s a key distinction from stablecoins, which are often issued by nonbank companies. Cari says its tokens will still represent regular bank…

The decentralized exchange landscape witnessed a significant milestone in late 2023 as 1inch Fusion mode’s average daily trading volume reached $82.8 million during the fourth quarter, representing a substantial 22.6% increase from the previous quarter according to data analytics platform Unfolded. This remarkable growth signals a broader shift in cryptocurrency trading behavior and highlights the increasing sophistication of decentralized finance infrastructure. 1inch Fusion Mode Volume Growth Analysis 1inch Network’s Fusion mode represents a revolutionary approach to decentralized trading that fundamentally changes how users interact with multiple liquidity sources. The platform aggregates liquidity from hundreds of decentralized exchanges while implementing sophisticated…