Author: NBTC

Cryptocurrency companies closed the week with nearly $62 million in venture capital (VC) raised from various firms, including BlackRock. Securitize receives $47 million Securitize, a leading player in digital asset securities, walked away with the bulk of the funds raised over the past few days. The company closed a significant funding round on May 1, raising $47 million. BlackRock, the world’s largest asset manager, led the effort. Securitize is excited to announce that we have completed a $47 million funding round led by @BlackRock together with @hamilton_lane, @paraficapital, @Tradeweb, and strategic investors @AptosLabs, @circle and @Paxos.This further proves that the…

IOTA received clearance from Zokyo after the audit process concluded. This pertains to its EVM L2, which will likely enter the market soon. The development has been shared by IOTA and confirmed by Zokyo. This marks the completion of the final and the most crucial step in preparation for the launch. Zokyo has called this a triple success in its announcement, adding that IOTA scores a perfect hundred in the report. The Tangle technology by IOTA now aims to empower global protocols for a connected future backed by top-tier security. Community members have called this great news and congratulated the…

The biggest crypto Bitcoin has recently experienced limitations concerning programmability and scalability, hampering its real-world usability. Hence, Solv Protocol, a decentralized platform for liquidity infrastructure, has announced the integration of the restaking yield of Babylon. Babylon is a blockchain project designing security-sharing protocols concerning the decentralized economy. In its latest post on X, Solv Protocol disclosed the latest initiative. Solv Protocol x @babylon_chain We’re thrilled to announce our partnership with Babylon, bringing native BTC restaking yields to SolvBTC. This integration will enable SolvBTC to be used to help secure PoS chains, roll-ups, and AVS, unlocking use cases for the large…

Bitcoin’s halving won’t spark a lasting bull run over the next 12-18 months, relying on new investors through spot ETFs in the U.S. and in Hong Kong. The highly anticipated fourth Bitcoin halving is expected to have a less significant impact on the cryptocurrency’s trajectory over the next 12-18 months, according to analysts at Kaiko. Contrary to earlier expectations, the decrease in miners’ rewards from 6.25 BTC to 3.125 BTC may not serve as the primary catalyst for Bitcoin‘s growth, according to a recent research report from the Paris-based blockchain firm. “It [Bitcoin] may have enjoyed massive returns following its…

Tether (USDT), the largest company in the cryptocurrency industry, announced that it will increase its focus on artificial intelligence. In the shared official blog post, Tether’s breakthrough in the field of artificial intelligence was summarized as follows: “Expanding Tether Data’s AI focus will focus on several key areas. First, Tether Data plans to pioneer the development of open-source, multi-modal AI models to set new industry standards, increasing innovation and accessibility in AI technology. It will also lead collaborations to seamlessly integrate AI solutions into market-focused products and leverage technology to address real-world challenges. Finally, by actively engaging with the overall…

In a recent social media debate, MartyParty, a host of the crypto traders club space, criticized Cardano’s ($ADA) performance, juxtaposing its transaction speed with its market capitalization. According to the tweet, Cardano operates at 1.68 transactions per second despite boasting a $23.5 billion market cap. The host said: Cardano ($ADA) is currently doing 1.68 transaction per second yet has a $23.5 billion marketcap? MartyParty’s message urged the community to reconsider their investments in Cardano, advocating for a switch to more efficiently performing blockchains. This statement, made on March 26, has sparked varied reactions within the cryptocurrency community. Cardano ($ADA) is…

The CEO of Bitcoin’s Lightning Network wallet Strike Jack Mallers is predicting that the flagship crypto asset could reach a seven-figure price during the current cycle. Mallers says in an appearance on the David Lin YouTube channel that efforts to save the bond market could lead to a looser monetary policy, consequently triggering Bitcoin (BTC) to appreciate by between 297% and 1,486% from the current level. “The bond market is in trouble for really arguably the first time in modern financial history. Bondholders are getting absolutely demolished and crushed. Now who owns bonds? All of our banks. So our bank…

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

Just over two weeks have passed since the fourth Bitcoin halving took place. During this period, the network’s hashprice dropped from over $100 per petahash to below $45 at the beginning of May. It has since increased to $50 per petahash. Despite the modest rebound, the network’s total hashrate has experienced a decrease, with a reduction of about 50 exahash since the halving event. Bitcoin Hashrate Wanes Post-Halving This weekend, Bitcoin’s total hashrate is maintaining levels around 600 exahash per second (EH/s), occasionally fluctuating slightly below and above this mark. This decline follows the all-time high in hashrate that occurred…

BTC is trading above $64K even as outflows accelerate. The correlation between ETF outflows and BTC’s price is weakening. Bitcoin (BTC) is trading above $64K in the early afternoon of East Asia’s trading day, even as outflows from bitcoin exchange-traded funds (ETFs) pick up significantly. Market data shows that the U.S.-listed ETFs had a daily total net outflow of $217 million. This brings the total outflow so far this week to $244.49 million. In comparison, bitcoin is up around 3.7% in the last week. According to JPMorgan, the correlation between bitcoin ETF prices and inflows has weakened, dropping from a…