Author: NBTC
Founders: Roy Sheinfeld, Roi Erez and Yaacov Slama Date Founded: 2018 Location of Headquarters: Remote Amount of Bitcoin Held in Treasury: Dozens held in Breez Lightning nodes Number of Employees: 11 Website: https://breez.technology/ Public or Private? Private Roy Sheinfeld says the time for orange pilling is through. Sheinfeld, one of the three founders of Breez, a company that provides a software development kit (SDK) to institutions looking to utilize the Bitcoin Lightning Network, believes that while bringing people into the Bitcoin fold via education has helped broaden the Bitcoin community, it won’t be the driving force in onboarding the next…
Franklin Templeton, a veteran wealth manager with over $1.65 trillion in AUM, shares its bullish take on Ethereum (ETH) as a tech development and economic instrument. Despite savage competition, Ethereum (ETH) remains the backbone of decentralized economy and constantly unlocks new opportunities for the community. “Forefront of Web3 innovation”: Franklin Templeton praises Ethereum Global asset management heavyweight Franklin Templeton released its “Understanding the Value of The Ethereum Network” report covering the tech impact of the second cryptocurrency. It displays the most important features of the Ethereum (ETH) blockchain, its challenges and opportunities. The analysts of the investment giant stressed that…
Nearly half a million tokens were launched on the Solana blockchain in May. The increase in token creation is attributed to lower barriers to entry and increased desire to create a popular memecoin. In May alone, 455,000 tokens were created on Solana, dwarfing the numbers seen on other platforms. In comparison, 177,000 tokens were created on Ethereum layer 2 protocol Base, while 39,000 tokens were created on BNB Chain. The Ethereum mainnet and Layer 2 networks Arbitrum and Optimism each produced less than 20,000 tokens. Austin Federa, director of strategy at the Solana Foundation, attributes this rise to Solana’s unique…
Welcome To Latam Insights Encore, a deep view of Latin America’s most relevant economic and cryptocurrency-based news last week. In this edition, we examine the possible outcomes of the war that Paraguay is waging on illegal (and now legal) bitcoin mining operators, and how this might make the country lose millions of dollars as miners seek alternatives in neighboring nations. Paraguay Stands to Lose More Than What It Hopes to Win With Its Current Bitcoin Strategy Paraguay started to be considered an attractive destination for establishing bitcoin mining operations in 2018 with its cheap electricity that mainly comes from hydroelectric…
Following the awakening of numerous dormant bitcoins in March, April was rather uneventful, with just 72 transfers from idle wallets dating between 2010 and 2017. To date, May has seen 32 transfers from vintage wallets, moving about 1,181 more bitcoin in the past two weeks than during the whole month of April. May Outpaces April in Dormant Bitcoin Wallet Awakenings The most recent batch of dormant bitcoin wallet transactions from 2013 has pushed May ahead of April by about 1,181.32 BTC, valued at $74.46 million, in terms of so-called ‘sleeping bitcoin’ activity. This term refers to transactions involving bitcoins that…
A survey by Grayscale and The Harris Poll indicates that US Securities and Exchange Commission (SEC) approval of a spot Ethereum (ETH) exchange-traded funds (ETFs) would likely boost American investment in the digital asset. Though the long-term performance of these ETFs is uncertain, the poll suggests their introduction will significantly advance the crypto market’s maturity and mainstream adoption. Ethereum ETF Will Drive Adoption The poll reveals that nearly one in four likely voters would consider investing in Ethereum if an ETF-based product were approved. This approval would increase their interest in Ethereum and other crypto assets beyond Bitcoin. US Investors…
According to a report by Standard Chartered, the market for tokenized real-world assets is projected to reach $30.1 trillion by 2034. This significant market growth highlights the increasing role of tokenization in transforming global trade and finance by enhancing liquidity, accessibility, and efficiency. The report emphasizes the shift towards integrating digital assets into mainstream finance, reflecting the broader adoption and scalability of blockchain technology and DeFi applications. Kai Fehr, Global Head of Trade, Standard Chartered, commented, “We see the next three years as a critical junction for tokenisation, with trade finance assets coming to the fore as a new asset…
Rapper Iggy Azalea’s MOTHER token on Solana saw a spark of trading demand over the weekend, surging to an all-time high price on Saturday—just days after it launched. And the musician, who has been broadly embraced by Crypto Twitter, continued her constant tweeting with a familiar-looking profile picture (PFP) in tow. Azalea started rocking a custom Mad Lads PFP on Friday, one day after the Solana project tweeted out a custom honorary avatar for her that was apparently based on a photo reference. Mad Lads is the most valuable Solana NFT collection by a wide margin, currently standing at over…
The upcoming US presidential election may spur bitcoin out of its current “consolidation phase,” according to Galaxy CEO Mike Novogratz. Crypto will likely stay politicized until more Democrats pivot their anti-segment stance, he argued, meaning a change in administration could be significant for the space. Novogratz said during a Tuesday earnings call that, following the approval of spot bitcoin ETFs and last month’s block reward halving, he believes bitcoin could keep trading between $55,000 and $75,000 in the near-term. The price of bitcoin (BTC) was at about $61,450 at 12:30 pm ET Tuesday. “I think that’s probably where we are…
Ethereum’s (ETH) price has barely pulled itself together after a devastating week, and investors seem to want to jump back in. However, looking at the market’s conditions, it would be wise to hold off for now and wait until the right buying opportunities are present. Ethereum Accumulation Is Not Ideal Ethereum’s price has just returned above $3,000, and many consider this an accumulation opportunity. However, despite the slight price rise, the broader market cues are still bearish. One of these is the fact that the most influential cohorts of any asset, the whales, are vanishing from the network. This is…