Author: NBTC
In a positive development for Australia, Monochrome Asset Management has launched a spot Bitcoin Exchange-Traded Fund (ETF) on the Cboe Australia exchange. Notably, the Monochrome spot Bitcoin ETF (IBTC) represents Australia’s first and only ETF holding Bitcoin (BTC) directly. Why IBTC stands out Per an earlier report from U.Today, analysts anticipate the new spot Bitcoin ETF in Australia to generate inflows of about $1 billion. Samson Mow, the CEO of Bitcoin technology company JAN3, highlighted IBTC’s unique position on the ETF market. First, he noted that the Monochrome spot Bitcoin ETF offers global investors direct in-kind creation or redemption. This…
Parallel, an NFT-driven competitive card game built on Ethereum, launched Wednesday on the Epic Games Store, potentially reaching a far larger audience in the process. The Epic Games Store is a prominent PC gaming marketplace, and had 270 million users as of the end of 2023, including some 75 million monthly active users. Epic Games is the creator of free-to-play shooter hit Fortnite and has acquired other games like Rocket League, but the store hosts games from a wide array of studios. Parallel, which was GG’s pick for the 2023 game of the year, expanded access earlier this year with…
Tether minted another $1 billion worth of USDT on April 16, as the cryptocurrency market accumulated significant losses. The billionaire issuance raised criticisms and questions about its legitimacy, while Tether’s CEO disclosed the issuance as “inventory replenishment.” In particular, WhaleWire called Tether out a few minutes after the mint occurred through a post on X (formerly Twitter). “JUST IN: Another $1,000,000,000 worth of unbacked Tether USDT has been printed out of thin air.” – WhaleWire Notably, Tether minted the $1 billion USDT through a smart contract on the Tron Network (TRX). The issuer sent the tokens to the Tether Treasury…
Today, Donald Trump met with Bitcoin Magazine’s CEO David Bailey and several prominent U.S. Bitcoin miners. The meeting saw Trump commit to championing Bitcoin mining both in Washington D.C. and on the global stage. Today was a historic moment in our journey towards hyperbitcoinization. The former and next President of the United States gathered America’s hashrate and committed to championing our cause in DC and on the global stage. Bitcoin will THRIVE in 🇺🇸Orange Man+Orange Coin= Good pic.twitter.com/YhfzoJg19g — David Bailey🇵🇷 $0.65mm/btc is the floor (@DavidFBailey) June 12, 2024 Among the attendees were representatives from leading Bitcoin mining firms, including…
Mint Blockchain unleashes its much discussed Mint Fast bridge, through which it will be possible for users to shift assets with all beneficial facilities thrown in. These include undisputed acceleration, cost-effectiveness, and all safety aspects intact. Created for rendering service to lesser amounts, Fast Bridge brings to the table effective shifting, along with holding on to high end safety aspects and lesser fees. It is an all-inclusive service targeting lower-level asset transfers to the Mint. Mint Fast Bridge has multiple advantages, such as greater acceleration in the case of cross-chain transactions from all chains to Mint. In the case of…
Tezos is making significant strides in expanding its DeFi ecosystem with the launch of the DeFi Catalyst Accelerator (DCA) in Singapore. This six-week program nurtures early-stage startups building innovative decentralized finance (DeFi) applications on the Tezos blockchain and its Etherlink Layer-2 rollup. Tezos Launches DCA as Venture Capitalist Interest in DeFi Is Back Tezos and Etherlink claim they offer distinct advantages for DeFi development, i.e., speed, security, low fees, and compatibility with Ethereum-based tools. Etherlink’s emphasis on decentralization and MEV protection further enhances its appeal for DeFi builders. The inaugural DCA cohort includes five teams, i.e., Plend, Hanji, SaveX, Hashleap,…
June 12 (Reuters) – Riot Platforms (RIOT.O, opens new tab said Bitfarms’ move to adopt a poison pill to thwart its acquisition by the bitcoin miner was “shareholder unfriendly” and highlighted the lack of solid corporate governance standards. Riot said, opens new tab on Wednesday it had privately urged Bitfarms to remove its chairman and interim CEO, Nicolas Bonta, and add at least two new independent directors to its board. The dispute stems from an unsolicited offer Riot made in April to acquire Bitfarms for about $950 million. Bitfarms rebuffed the offer, saying it significantly undervalued the company, and approved…
ApeCoin, the Ethereum-based token tied to Yuga Labs’ namesake NFT collection, is firmly in the doldrums alongside its Ape-themed analogs following a tumultuous week for the broader crypto markets. The token has slipped 30% over the past seven days amid market turbulence sparked by growing geopolitical tensions in the Middle East. Extending losses over the past year, the price of ApeCoin has plummeted 74% since this time last April to a current price of $1.19, according to CoinGecko. ApeCoin’s brush towards its all-time low price of $1.01 (set last October) comes as the token’s official steward, the ApeCoin DAO, weighs…
Russia’s crypto mining equipment supplier Intelion is reportedly considering an investment of over $130 million to develop AI data centers. Moscow-headquartered crypto mining supplier Intelion is planning to spend up to 12 billion Russian rubles (over $130 million) on purchasing server equipment to build artificial intelligence (AI) data centers, Russian media RBC reports, citing Intelion Cloud head Maxim Vyaznikov. As per the report, Intelion, which also operates a branch in Dubai, already possesses servers equipped with Nvidia’s A100 chips, despite a 2022 U.S. Department of Commerce ban on the sale of these chips to China and Russia. Intelion’s new computing…
A top crypto analyst thinks this week will offer some critical hints about the future direction of Bitcoin (BTC). In a new YouTube video, Benjamin Cowen tells his 802,000 subscribers that the labor market data, which will become public this week, could suggest a possible trajectory for BTC. The U.S. Bureau of Labor Statistics publishes reports on the first Friday of every month that include metrics like average hourly earnings, non-farm employment change and the unemployment rate. The crypto analyst notes that Bitcoin price hesitation leading up to a new month is a “common thing.” “You get that labor market…