Author: NBTC
While a downtrend has been dominating the Bitcoin (BTC) and cryptocurrency markets for weeks, today all eyes are on the FED’s March interest rate decision. As is known, the FED made its first interest rate cut in September and made an aggressive start to the discount cycle with a 50 basis point cut decision. The FED also made a 25 basis point rate cut in November and December. After these interest rate cuts, the FED left interest rates constant in January, the first interest rate decision of 2025. After January, dollar, gold, stock market and cryptocurrency investors are wondering when…
Quant, the popular cryptocurrency project in the real-world asset tokenization industry, continued its recovery on Thursday. Quant (QNT) token rose to an intraday high of $97.40, its highest level since February 2nd and 30% above its lowest swing this month. The token jumped after Oracle, the 19th-biggest company globally, unveiled its Oracle Blockchain Platform Digital Assets Edition. OBP DA is a new enterprise-grade solution designed to help partners build and deploy digital assets. It simplifies the tokenization efforts by combining a bank-grade distributed ledger infrastructure with smart contracts. The platform is built using Quant’s Overledger technology, which enables cross-ledger operations…
Binance co-founder He Yi has reiterated that the platform’s interests are completely aligned with those of its users, emphasizing that sustainable growth can only be achieved through user support. Binance Co-founder Weighs in on Vote to List! He Yi took to X to share that Binance’s core focus is on reducing industry fees, providing superior services, and establishing clear compliance standards to ensure the healthy development of the industry. 3. We believe that the interests of users and Binance are completely aligned. Binance can only grow consistently through the support of our users. We start from:1. Lowering the industry fee…
The National Bank of Canada has made a notable move in the crypto market by purchasing Bitcoin exchange-traded funds (ETFs) valued at $2 million. This development follows increased institutional engagement in Bitcoin investment products and signals growing interest from traditional financial entities.Market participants view the move as a potential signal of growing institutional interest in Bitcoin. Accordingly, some suggest that other Canadian banks could follow suit. A Start of a Broader Trend? Some interpret the purchase as the start of a broader trend, with institutions increasing their exposure to Bitcoin through regulated investment vehicles. The move aligns with the ongoing…
Despite recent price struggles, Ethereum (ETH) appears to be facing significantly low selling pressure at the moment. Ethereum has been the subject of ongoing jokes among crypto as it has grossly underperformed its contemporaries in recent years. Its price struggles have only been magnified with the crypto market going through a rough patch in the past two months. While Bitcoin has been up 25% in the past year and XRP has been up nearly 300%, ETH has been down over 40%. But it may not be all doom and gloom for the asset. Ethereum Selling Pressure Almost Non-Existent? Despite recent…
Utila, a digital asset operations platform, has raised $18 million in a Series A round to expand its multi-party computation (MPC) wallet solutions as institutional demand to manage digital assets is soaring, the company told CoinDesk. Nyca Partners led the round, with participation from Wing VC, NFX, Haymaker Ventures, Gaingels, and Cerca Partners. The latest round brings the startup’s total venture capital funding to around $30 million, since emerging from stealth last year. Utila has experienced a fresh wave of demand for digital asset infrastructure, as payment providers, fintech firms and neobanks increasingly use digital assets, including stablecoins and tokenized…
The Core Foundation has announced a strategic partnership with Aethir, a leading provider of decentralized cloud computing. This collaboration, backed by a $100 million fund, aims to accelerate the adoption of AI-driven applications in BTCfi, the Bitcoin DeFi ecosystem built on Core’s Proof of Stake (PoS) blockchain. By integrating Aethir’s decentralized GPU cloud infrastructure with Core’s Bitcoin-aligned blockchain, developers will gain the computational resources needed to build advanced AI agents. These AI agents can be used for predictive analytics, liquidity management, and automated trading, positioning Core and Aethir at the forefront of AI-driven finance. Expanding AI Compute Power for BTCfi…
Bitcoin holders recently showed signs of confidence, with both short-term and long-term investors reducing sell-offs. Blockchain data indicates traders are selling fewer coins at a loss, suggesting reduced panic. Notably, this trend could set the stage for a potential price rebound, with macroeconomic factors and institutions potentially driving growth. Short-Term Holders Reduce Sell-Offs at Loss In one of its latest analyses, Glassnode reported that short-term Bitcoin holders, those who held BTC for less than 155 days, significantly reduced their sell-offs at a loss. The seven-day moving average of Bitcoin sold in loss had risen to a high of about 5,500…
As developers await further testing results from the Hoodi testnet, the highly anticipated Ethereum Pectra mainnet upgrade, initially slated for April 2025, has been delayed. This decision came during Ethereum’s All Core Developers Consensus Call (ACDC) #153 on March 20. It reflects the development team’s cautious approach to ensuring a smooth and stable upgrade process. Hoodi Testnet to Determine Pectra Timeline During the call, Ethereum’s core team reviewed the progress of Pectra. Instead of confirming a mainnet date, they opted to monitor the upgrade’s performance on Hoodi, a newly launched testnet designed to assess Pectra’s stability. This is unsurprising, as…
CoreWeave, one of the hottest players in the artificial intelligence (AI) sphere, filed for an initial public offering (IPO) on March 3. The company works closely with bitcoin (BTC) miner Core Scientific (CORZ); the two firms have inked a multi-billion dollar deal for Core Scientific to build hundreds of megawatts of infrastructure for CoreWeave to run its AI services. In fact, CoreWeave is by far Core Scientific’s largest client. Which raises a question: How will CoreWeave’s IPO affect Core Scientific? “CoreWeave’s IPO likely will have a correlating impact on Core Scientific,” Wolfie Zhao, head of research at TheMinerMag, told CoinDesk.…