Author: NBTC
The cryptocurrency rebounded above $97,000 as trading volume surged over 60% after a somewhat slower Superbowl weekend. Bitcoin Tops $97K After Superbowl Weekend Bitcoin (BTC) is trading at $97,594.51 at the time of reporting, reflecting a 1.49% increase over the past 24 hours and a 2.69% gain over the past week, according to data from Coin Market Cap. The world’s dominant digital asset saw a 24-hour price range between $94,745.26 and $97,977.40, showing continued resilience amid market fluctuations. (Bitcoin price / Trading View) Surge in Trading Volume and Market Cap Bitcoin’s trading volume skyrocketed 61.23% to $37.65 billion, likely due…
Shares of some of the top publicly traded Bitcoin mining companies have fallen amid a broader market decline, even after the U.S. Securities and Exchange Commission clarified on Thursday that mining operations “do not involve the offer and sale of securities.” MARA (MARA), CleanSpark (CLSK), and Bitdeer (BTDR) are among the mining companies showing losses so far Friday, though they’ve all rebounded somewhat since earlier in the morning. Riot Platforms (RIOT), meanwhile, is relatively flat on the day after being down earlier Friday. As of this writing, MARA and BTDR are both down about 1.5%, while CLSK has fallen by…
Arweave, a pioneer in decentralized data storage, has officially launched the mainnet of AO, its high-performance distributed computing platform. AO is called a “hyper-parallel computer” and aims to reimagine on-chain computing through a parallel processing model. Based on Arweave’s immutable storage, AO aims to provide a scalable and reliable decentralized computing infrastructure. A key advantage of AO is its use of Arweave’s decentralized data structure. This means that all calculations are stored forever and can be accessed at any time. This ensures data integrity and availability, and makes AO particularly attractive to developers building decentralized applications (dApps) and autonomous AI…
Ripple’s recent legal victory over the SEC has caused a huge stir in the crypto world. After a long legal battle, the SEC dropped its lawsuit against Ripple, which has left the industry buzzing with excitement.. This decision marks a huge shift in how regulators will handle digital assets in the U.S., and it could set an important precedent for future cases. Jeremy Hogan, a legal expert, provided a detailed breakdown of the current situation, explaining that while the SEC has dropped its appeal, it’s still unclear if Ripple has agreed to the same. He said that the judgment from…
Ethereum’s daily ETH burn rate, a key feature introduced by the 2021 EIP-1559 update to manage fees and supply, shows signs of declining, based on recent chart analysis highlighted by Miles Deutscher. The chart shows that Ethereum’s profitability is the lowest it has been in a long time, with ETH burns trending to zero. This implies reduced network usage or fees, which conflicts with Ethereum’s deflationary concept, which relies on burning more ETH than is issued to validators. The trend has sparked debate within the crypto community: some view it as a temporary lull before a possible recovery, while others…
BlackRock’s tokenized money market fund, BUIDL, has become available on Solana, Securitize announced, marking another step in the asset manager’s push into blockchain-based finance. The expansion makes BUIDL available on seven blockchains, including Ethereum, Polygon, Aptos, Arbitrum and Optimism. Only 62 wallets currently hold BUIDL on-chain, however, according to rwa.zyz data. The fund, officially the BlackRock USD Institutional Digital Liquidity Fund, combines a short-term yield-bearing portfolio of cash and U.S. Treasuries with the settlement and transfer capabilities of blockchain. Since its introduction on Ethereum in 2023, the fund has drawn in $1.7 billion and is on track to cross $2…
Breakthroughs in AI rendering may have contributed to making NFT collections obsolete. AI’s ability to impose any art style on images means collections are no longer a scarce commodity. NFTs were already fighting for survival before they were dealt another blow after AI grew its capabilities of image rendering into multiple styles. Previously, collections relied on the scarcity of their style and a complex system of traits and characteristics to justify their high valuations. NFT collections must now adapt to the new wave of image creation to have any chance at relevance. AI filters can now render and extend collections…
Public Keys is a weekly roundup from Decrypt that tracks the key publicly traded crypto companies. This week: After predicting it wouldn’t survive this long, Bakkt Holdings has undergone another transformation; the largest securities clearinghouse in the world doubles down on Ethereum; and Robinhood launches a prediction market for your March Madness bracket. Setbacks for Bakkt Holdings There’s new business afoot for crypto trading and payment solutions company Bakkt, which trades on the New York Stock Exchange under the BKKT symbol. But there’s also a bit of blood in the water. The company just hired a new co-CEO: Akshay Naheta,…
The latest report establishes that XRPL, Xahau, and Flare could be partnering for a decentralized bridge following years of deliberations. Axelar’s co-founder has also reported that $134 billion of XRP would soon be able to get yield everywhere through Axelar. According to the latest report, XRP Ledger (XRPL), Xahau, and Flare could be in line for a decentralized bridging. As hinted by Axelar’s co-founder Georgios Vlachos, this collaboration could improve the ability to reach out and speak to founders and important figures in the industry with just a message. Earlier, the Flare Network’s co-founder Hugo Philion disclosed that the collaboration…
Coinbase CEO backed Treasury’s shift on crypto regulation, urging crime crackdowns that protect innovation, privacy, and free speech without punishing open-source technology. Coinbase to Treasury: Let’s Crush Crypto Crime Without Killing Innovation Brian Armstrong, the CEO of crypto exchange Coinbase (Nasdaq: COIN), has endorsed the U.S. Department of the Treasury’s decision to reverse sanctions on Tornado Cash, describing the move as a meaningful step for privacy rights and free speech. He expressed his support Thursday on social media platform X, reacting to the government’s filing in Van Loon v. Department of the Treasury: “No one wants to see bad folks…