Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. Here’s a Tuesday morning exclusive for you: Chronicle raised $12 million in seed funding. The round was led by Strobe (which used to be known as Blocktower Venture Capital) with participation from Brevan Howard, 6th Man Ventures and more. Chronicle is the first oracle on Ethereum, and it’s headed up by a group — including founder Niklas Kunkel — who were part of the founding team at MakerDAO (now Sky). If you don’t know what an oracle is, Kunkel explains it as putting your phone on airplane…
A recent large Shiba Inu transaction between crypto exchange Kraken and an unknown wallet has raised eyebrows among the crypto community. Whale Alert, a prominent whale tracking platform, alerted the crypto community to a staggering Shiba Inu shift. The contentious transaction saw Kraken, one of the largest cryptocurrencies in the industry, move multi-billions of the prominent meme coin to an unidentified address. Transaction Details In a Wednesday tweet, Whale Alert shows that Kraken transferred 1,239,940,928,235 SHIB from its hot wallet to an unmarked address. On-chain analysis shows that the transaction involving the substantial amount of Shiba Inu occurred on Wednesday…
A new artificial intelligence-infused blockchain with Andreseen Horowitz’s backing is “ultimately designed as a replacement for Bitcoin,” according to its co-founder Travis Good. The far-fetched claim is rooted in what Good prognosticates as unvarnished reality: Bitcoin’s encryption mechanisms are “getting really stale” and could be “completely obsolete within five years,” creating a business conundrum for the miners behind it. “You’ve got people who’ve invested billions of dollars in hash power for securing a network in ASICs,” he told CoinDesk at this year’s ethDenver conference. “And the question is like, where do they all go?” His answer is Ambient, a blockchain…
US Bank, with assets under management of $472 billion, reported holding $24 million in Bitcoin ETFs. In its SEC filing last year, the bank reported holdings of $14 million. In the latest US Bank SEC filing, US Bank revealed it held $24 million in Bitcoin ETFs. The new report indicates a $10 million increase since its last filing of $14 million. According to etf.com data, Bitcoin ETFs collectively accumulated $1.1 billion in the five trading days ending Tuesday. US Bank increases Bitcoin ETF holdings by $10 million 🇺🇸US Bank reports $24 million holdings in #Bitcoin ETFs, up from its previous…
Meme coin incubator CoreSky has raised $15 million in Series A funding, to accelerate the development of its platform. The funding, which brings the company’s total backing to $21 million, was led by Tido Capital with participation from WAGMI Ventures, CoPilot Ventures Studio, Web3vision, and Parallel Ventures. CoreSky’s platform enables user voting to gauge public opinion in the early stages of a meme token’s development. Meme coins have experienced a significant surge in popularity in the last year, becoming a notable phenomenon in the cryptocurrency market. This rise is attributed to several factors, including high-profile endorsements, political developments, and the…
TL;DR:This year’s first new batch of validators has been onboarded to the IOTA Rebased test network. This expansion marks another step toward building a robust and diverse infrastructure for the upcoming mainnet launch. The IOTA Rebased test network continues to grow stronger with the onboarding of some highly respected validators in the blockchain space. These validators play a crucial role in ensuring the security, reliability, and decentralization of the network, laying the groundwork for what is set to become a robust and trustworthy mainnet. This is not the conclusion of our validator onboarding process, though. More validators will be onboarded…
Supra, the automated decentralized finance (AutoFi) platform and a Layer 1 (L1) blockchain, has unveiled the nine winners of the first season of the Super dApp Showdown, as per the reports shared with Finbold on Monday, March 31. The winners were selected for their advancements in decentralized finance (DeFi), gaming decentralized finance (GameFi), non-fungible tokens (NFTs), etc. Supra’s Super dApp Showdown winners Launched in August 2024, the Super dApp Showdown invited Web3 developers to come up with and deploy Super dApps on Supra’s L1 network. During the next three months, participants showcased the capabilities of Supra’s technology, including native oracles,…
The global crypto market saw moderate green indexes even though Bitcoin (BTC) failed to regain the $100k mark so far. It seems like investors are still looking for more bullish flags. Meanwhile, data reveals that the crypto whales are stacking up their holdings during this drop. The Fear and Greed Index is flashing “Fear” sentiment among traders in the digital assets market. The cumulative crypto market grew marginally over the last day to stand at $3.24 trillion. Bitcoin-linked exchange-traded funds (ETFs) resumed their inflow streak after a heavy drop, suggesting that investors are preparing for the next leg. Bitcoin retail…
This morning, Donald Trump’s publicly-traded Truth Social operator announced that it has picked Crypto.com as a launch partner for ETFs containing bitcoin (BTC), Cronos (CRO), and other crypto assets “with a Made in America focus.” The partnership is curious for many reasons, not least of all Crypto.com’s very not-Made-in-America history in Asia and Europe. CEO Kris Marszalek spent most of his career in Singapore and Hong Kong, and Crypto.com’s current world headquarters is in Singapore. (Its North American division has a headquarters in Texas.) The giant crypto exchange once offered a debit card powered by Germany-based Wirecard and established a…
Billy Markus, who created the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has gained the attention of the crypto community with a recent tweet. Software developer Markus revealed that he enjoys working and “building cool stuff”, however, he made a list of the things he dislikes to come across at work. He also shared what he is working on at the moment. He did not specify whether all of those projects were his personal ones (or perhaps hobbies). However, one of them seems to be personal for sure – Dogecoin creator Billy Markus admitted he is writing a…