Author: NBTC

A well-known blockchain network, aelf, has recently announced an exclusive collaboration with ChainGPT. aelf and ChainGPT are partnering to turn aelf into an AI-driven blockchain. This collaboration supports ChainGPT’s goal of building a decentralized Web3 sector using unique AI technologies. The platform took to its official X account to provide the details of this partnership. aelf is proud to announce our strategic partnership with @Chain_GPT to enhance our blockchain infrastructure with cutting-edge AI solutions! 🌐💡 🤖 We’ll be integrating #AI solutions from ChainGPT to improve user experiences and empower developers on our AI-enhanced Layer 1… pic.twitter.com/UxRmdlZIvc — ælf (@aelfblockchain) August…

Bitcoin (BTC) is leading crypto prices sharply lower Monday after the trustee for the defunct Mt. Gox crypto exchange said it will begin returning more than 140,000 BTC in July to clients whose assets were stolen in a 2014 hack. At press time, bitcoin was trading at $60,700, down more than 5% over the past 24 hours and at its weakest level since the beginning of May. Ether (ETH) was lower by similar amount as was the broader CoinDesk 20 Index. Read more: Mt. Gox to Begin Repayments in July; BTC Slides Under $61K Those selling today are contemplating the…

Say it quietly, but DeFi isn’t so new or novel any more. At a certain point, a technology or movement loses the upstart tag and sets about the work required to become, well, part of the fabric of modern life. This is certainly true of DeFi, which emerged as a groundbreaking financial innovation several years ago and is now intent on becoming mainstream. At its core, DeFi leverages blockchain technology to provide a broad array of peer-to-peer financial services, cutting intermediaries like banks out of the picture. Offering products such as loans, savings accounts, asset trading, and insurance, decentralized applications…

Immutable, a layer-2 network known for its contributions to non-fungible tokens (NFT) and blockchain gaming, has announced the closure of its NFT marketplace. The Immutable Marketplace will officially retire on August 13, with a complete redirection by September 27. Immutable Shifts Strategy Amid NFT Market Slump Initially, the Immutable Marketplace served as a showcase for features available through the Immutable SDK. However, with the ecosystem’s projects flourishing, Immutable now plans to support these external platforms more effectively. “As a company, rather than compete, we would prefer to support these marketplaces and see the Immutable ecosystem grow,” the team said. Read…

The shares of MicroStrategy, one of the largest corporate holders of Bitcoin (BTC), lost 90% of their value within a 24-hour time frame. At press time, MicroStrategy’s stock is trading at $124.69, demonstrating over an 81% decrease year-to-date (YTD). What’s causing MicroStrategy’s loss The 90% loss in MicroStrategy’s stock coincides with recent volatility in the Bitcoin market. Although the leading cryptocurrency increased slightly by 0.5% in the past day, it is still down by over 11% on the weekly time frame. MicroStrategy has a multi-billion dollar stake in Bitcoin. Michael Saylor, MicroStrategy’s chairman and co-founder, disclosed in an earlier U.Today…

The decline in Bitcoin (BTC) and altcoins caused fear in some investors and distanced themselves from the market. However, some investors also saw the declines as a buying opportunity and accelerated their purchases. At this point, new purchases were seen in Ethereum (ETH)-based Maker DAO (MKR), one of the favorite altcoins of whales. According to Lookonchain’s post, whales purchased $5.63 million worth of MKR and the MKR price increased. Accordingly, while one whale has been accumulating MKR since June 27, the other whale purchased $2 million MKR during the day. “We recently noticed that 2 smart investors bought MKR! 0x3737…

Hedera Wallet Snap now integrates with MetaMask, supporting key Hedera services like Token Service and Smart Contract Service. The update enhances features such as creating and managing topics and submitting and retrieving messages. The Hedera Consensus Service (HCS) recently announced its integration with MetaMask with the newly updated Hedera Wallet Snap. This integration benefits MetaMask users by fully supporting key Hedera services such as the Token Service and Smart Contract Service. Thus, according to the announcement, the Hedera Wallet Snap can become a multi-functional tool for various applications within the Hedera network. You can now use #Hedera Consensus Service on…

Bitcoin exchange-traded funds (ETF) in the US experienced a significant week of outflows, which is seen by Bitfinex analysts as a local bottom for crypto. A total of $544.1 million left the funds in what was highlighted in the “Bitfinex Alpha” report as “a mix of basis/funding arbitrage unwinding, due to negative funding rates, and investors’ reactions to short-term negative news.” Additionally, aggregated Bitcoin (BTC) open interest also fell by over $450 million, with total BTC futures open interest now at $33.3 billion, down from the June 7th high of nearly $37 billion. Open interest in Bitcoin futures. Image: Coinglass/Bitfinex…

Cryptocurrency and NFTs get the last word in a new art exhibition at Oxford’s Ashmolean—Britain’s first public museum, founded in the 1670s. The museum’s ‘Money Talks: Art, Society and Power’ exhibition is about “using art as a lens for the social history of money, but also how art and money come together in different ways,” its curator Dr. Shailendra Bhandare explained. It’s fitting, then, that the exhibition closes with examples of how digital assets are reframing the intersection of art and money, with an exhibit showcasing NFTs including CryptoPunks and Rare Pepes. “I just could not skip this,” Bhandare said,…

Token unlocks in the crypto market are known to often—play a critical role in influencing market behavior and investor sentiment. According to a recent report from IntoTheBlock, understanding these unlocks is crucial for both investors and analysts aiming to gauge potential market movements. Token Unlocks and Market Impact Token unlocks are scheduled events where previously locked tokens become available for trading or other uses. These events are particularly noteworthy as they can lead to increased supply in the market, potentially affecting the token’s price. IntoTheBlock’s latest findings highlight the magnitude of these unlocks across various cryptocurrencies, with a sharp focus…