Author: NBTC

Venezuela is preparing to accelerate its transition to cryptocurrencies as the United States reimposes oil sanctions on the country. According to Reuters, based on sources with knowledge of the plan, state-run oil company PDVSA plans to increase the use of digital money in crude oil and fuel exports. The U.S. Treasury Department recently gave PDVSA’s customers and providers until May 31 to terminate operations under the general license, which it did not renew due to a lack of election reform. This move will make it more difficult for Venezuela to increase its oil production and exports, as companies will have…

Ethena (ENA) developer company Ethena Labs has announced the addition of Bitcoin as the collateral asset for its “synthetic dollar” USDe. The project, which recently distributed airdrops to its users, some of them via Binance Launchpool, claimed that this Bitcoin move would enable its USDe token pegged to the dollar to scale more than 2.5 times. “As Ethena approaches $10 billion, this provides more robust support and ultimately a more secure product for users,” the official statement said. The current USDe supply is estimated to be worth approximately $2 billion. Ethena Labs also said Bitcoin has a superior liquidity and…

Outspoken Cardano founder Charles Hoskinson surprised Crypto Twitter last week when he announced his “first game is coming out,” alongside a trailer for a game launching on blockchain gaming platform Gala. When one user asked about it, Hoskinson simply replied, “I have six companies.” With Voyager: Ascension out today on Gala’s new GalaChain network, now we know a bit more about this particular company—and what Hoskinson’s involvement is. RFLXT, the company behind the game, is an Input Output Global portfolio company, and Hoskinson is the co-founder and CEO of IOG. Hoskinson “doesn’t have a position within RFLXT itself,” a RFLXT…

Block, the digital payments company co-founded by Jack Dorsey, has completed the development of its advanced three-nanometer (3nm) Bitcoin mining chip. Following the latest development, Block now focuses on building a full Bitcoin mining system, the company shared in a blog announcement on Tuesday. we’re building a mining rig https://t.co/IKOQHNSHgO — jack (@jack) April 23, 2024 The announcement follows the prior development and testing of a five-nanometer (5nm) mining chip prototype. The new 3nm chip is designed to deliver high performance, necessary for mining operators to remain competitive in the current and future mining epochs, particularly after the recent fourth…

As the Bitcoin (BTC) bull run continues, recent data shows that despite the cryptocurrency’s significant price increase, millionaire wallets are increasing at a slower pace compared to the frenzy seen during the 2020-2021 uptrend. Data Reveals Bitcoin Bull Run Producing Millionaire Whales at Slower Pace Bitcoin, the leading cryptocurrency by market cap, has surged 70% since the beginning of the year, breaking previous records and trading above $72,000. This rise comes on the heels of last year’s remarkable 155% increase from the depths of a difficult bear market. According to data compiled by Paris-based Kaiko, the current bull run is…

The US Securities and Exchange Commission (SEC) has opened the floor for public commentary on the recent amendments to BlackRock’s proposed spot Ethereum exchange-traded fund (ETF). This request comes after Nasdaq submitted an updated proposal on April 19, refining earlier submissions to better align with regulatory expectations. BlackRock’s Spot Ethereum ETF Under Review Named the iShares Ethereum Trust, BlackRock’s ETF aims to accurately mirror the price of Ethereum. Initially filed in November 2023, the ETF proposal has seen modifications in its structure, particularly regarding its creation and redemption processes. Unlike its original version, which involved direct exchanges with Ethereum, the…

Key Takeaways Coinbase Earn supports seven coins for staking, with APY figures as high as 10%. The platform pays an interest rate of 5.1% for simply holding USDC. Staking involves more risks than USDC rewards, but the potential returns may be higher, especially during bullish markets. Table of Contents Option 1: Staking on Coinbase Option 2: Earning USDC Rewards Factors Influencing APY and Rewards Comparing the Rewards Comparing the Risks Making the Decision Investors’ Takeaway In traditional investing, you can put your money to work. For example, you can hold cash in a high-yield savings account or money market fund…

Neo SPCC has released NeoFS Panel, providing a way for users and developers to use the decentralized storage platform from within a browser. The service relies on the recently launched REST gateway to bridge requests between the client and NeoFS services. Panel serves as an alternative to the neofs-cli, allowing users to bridge funds to and from the NeoFS sidechain or manage containers and objects. A video walkthrough was shared by the team to help users get up and running quickly, showing the available features. The application also serves as an example for developers of how to use the REST…

Space Nation Online is now in closed beta, offering gamers a glimpse into what the future of the sci-fi blockchain MMORPG—with NFTs on Ethereum, and plans to expand via scaling network Immutable zkEVM—will look like. But due to server overload, it’s been hard to fully appreciate the best parts of the game thus far. Founded in 2019 by gaming industry veterans Jerome Wu and Tony Tang, Space Nation Online is backed by filmmaker Roland Emmerich, who’s known as the “master of disaster” for directing the films “Stargate,” “2012,” and “Independence Day.” The Los Angeles-based video game company explained that it…

Grayscale is seeking approval from the SEC to introduce the Grayscale Bitcoin Mini Trust, seeded by a percentage of GBTC shares. The Grayscale Bitcoin Mini Trust (BTC) will have lower fees and moving over from GBTC will not trigger a capital gains tax event. The fees, which are not being disclosed at this time, will be competitive with some of the low-cost bitcoin ETFs in the market, a person close to Grayscale told CoinDesk. Grayscale, manager of the $28 billion GBTC spot bitcoin exchange-traded fund (ETF), plans to introduce a low-fee version of the ETF and is seeking permission from…