Author: NBTC
Strata will launch as an open platform that introduces easy and scalable self-custody while facilitating the use of bitcoin. New Funding to Accelerate Development of Bitcoin ZK Rollup Strata Alpen Labs, a bitcoin infrastructure company announced that it has completed an $8.5 million strategic financing led by the Cyber Fund and DBA. The biggest investors in Alpen’s initial funding round, Ribbit Capital, Castle Island Ventures, and Geometry also backed the company in this round. With the help of this funding round, the company is looking to expedite the development of its bitcoin ZK Rollup, Strata. Strata’s mainnet is planned for…
The FED left interest rates unchanged, as expected. Bitcoin reacted as follows following the development: FED Chairman Jerome Powell will hold a live press conference in half an hour, at 22:30 Turkish Time (UTC+3). The statements Powell will use at this press conference will perhaps be even more important than the interest rate decision. It’s the first major decision from the central bank in President Donald Trump’s second term and comes after Trump said he should have some say in Fed policy. Fed officials now have to decide whether today’s expected pause is a single meeting or the start of…
While much of the cryptocurrency market’s attention remains fixated on the meteoric rise of $TRUMP, Dogecoin ($DOGE) has quietly captured the interest of high-value investors. Over the past 48 hours, whales have acquired a staggering 1.83 billion DOGE tokens, signaling increased accumulation activity that could have significant implications for the token’s price trajectory. While everyone focuses on $TRUMP, whales bought 1.83 billion #Dogecoin $DOGE in the last 48 hours! pic.twitter.com/ozznJzflg2 — Ali (@ali_charts) January 19, 2025 According to Crypto analyst Ali Martinez,Blockchain data reveals that wallet addresses holding between 100 million and 1 billion DOGE have ramped up their purchasing…
Former Securities and Exchange Commission (SEC) Chair Gary Gensler’s return to his old MIT haunt has ignited backlash from a section of the crypto industry. Gensler previously taught at the university before leading the SEC, where he became deeply unpopular for his strict regulatory approach. MIT Welcomes Back Gensler, But Crypto Leaders Push Back On January 27, the Massachusetts Institute of Technology announced it had rehired Gensler just over a week after leaving his old agency job. His return to an academic setting has sparked uproar from several leaders in the crypto industry who claim his tenure at the SEC…
It’s what every Bitcoiner dreams of: buying a cheap hobby miner, processing a block with little effort (or energy), and taking home the jackpot. And that’s what initially appeared to happen this week, when journalist Pete Rizzo flagged on X (formerly Twitter) that a solo miner using just a cheap home machine (valued at about $400) managed to mine a block and take home a reward of 3.125 Bitcoin—worth almost $330,000 at today’s prices. But the reality is perhaps a bit more complicated than appears, as Rizzo explained: A solo operation did indeed use a small FutureBit mining machine—but it…
The pressing question on crypto traders’ minds is: Has bitcoin’s (BTC) price weakness run its course, or is there more to come? The former appears to be the case as Monday’s price action, characterized by a swift recovery from intraday lows, contrasted with mid-December when the rally stalled and turned lower from record highs above $108,000. On Monday, BTC initially fell as investment banks scaled back expectations for Fed rate cuts, with some discussing the potential for rate hikes following Friday’s stellar jobs report, causing prices to dip below the lower end of the key support zone of $90,000-$93,000 as…
Chairman Jerome Powell holds a live press conference after the Fed left interest rates unchanged as expected. Here are the highlights of what Powell said at the press conference: The economy remains generally strong, with labor market conditions remaining robust, if cooling. Inflation remains high. GDP is expected to exceed 2% in 2024. Hardware investments appear to have slowed. Inflation is closer to target, but still slightly elevated. The labor market is not a source of inflationary pressure. The unemployment rate remains low at 4.1%. We do not need to rush to adjust the policy rate. Long-term inflation expectations appear…
$MAGA Coin leverages blockchain to strengthen political movements. $USA Coin combines patriotism and blockchain innovation for practical applications. $USDT capitalizes on Trump’s influence to drive community-focused initiatives. Currently, differentiated cryptocurrencies are emerging and coins associated with trending themes are appearing. This remains true as recent progress in Donald Trump’s overall influence has led to new blockchain-based projects and ventures. Three coins—$MAGA Coin, $USA Coin, and Ultra Sigma Donald Trump ($USDT)—are also rising at present in light of these factors. $MAGA Coin: A Revolutionary Symbol of Support $MAGA Coin is a new type of token, whose address is connected with the…
In December 2024, the Hong Kong government submitted a proposed stablecoin bill to the Legislative Council as it seeks to better police the $220 billion industry. Legislators recently convened to discuss the bill for the first time, with some key officials from the government invited to share their views on the future of stablecoins in the city-state. The dedicated LegCo stablecoin committee invited Francis Ho and Tanna Chong, deputy secretaries for financial services at the Treasury, to offer their views on stablecoin regulations. Daryl Ho and Ernest Ho, executive directors at the Hong Kong Monetary Authority (HKMA), also attended the…
A new report from DappRadar has highlighted the uptrend of new gamers in the play-to-earn (P2E) industry, underscored by an increase in daily Unique Active Wallets (dUAW) in 2024. dUAW climbed by 421% over 12 months to reach an all-time high of 7.4 million by the end of 2024. DappRadar analysts disclosed the metric in its Blockchain Gaming Yearly Report, delving into key industry trends in what pundits are describing as a “watershed” year for the industry. DappRadar said the industry has enjoyed sustained growth on the retail side of things, which is characterized by new active users and a…