Author: NBTC
WazirX is issuing new Recovery Tokens (RT) to distribute stolen and recovered assets to its users, according to statements from the company’s founder, Nischal Shetty, who also said that these tokens could soon hit the trading floor if there’s enough interest from users, offering a chance for liquidity and additional market exposure. The token distribution of course comes after WazirX completed its rebalancing process for Net Liquid Platform Assets (NLPA), which realigns platform assets with its liabilities. WazirX’s recovery plan includes three main strategies: profit-sharing, stolen asset recovery, and the launch of a decentralized exchange (DEX). “We will do everything…
On Wednesday, bitcoin mining company Riot Platforms said it is exploring partnerships in the artificial intelligence and high-performance computing sector as it aims to shore up its business and generate sustainable revenue streams. The NASDAQ-listed company said it would ramp up evaluations for potential AI and high-performance computing (HPC) uses at its Corsicana Facility in Navarro County, Texas, citing increased interest from multiple potential partners. Riot’s exploration of AI computing capabilities reflects a growing trend among Bitcoin miners to leverage their substantial power infrastructure and data center expertise for additional revenue opportunities beyond crypto mining. The move comes as mining…
Fireblocks, a provider of crypto custodian technology, said it added support for Sony’s Soneium blockchain, an Ethereum layer-2 network that aims to bridge the conventional internet, or Web2, and the emerging, blockchain-based Web3. Fireblocks counts many large institutions among its clients, including large banks. Crypto custodians, which provide safe storage for digital assets, are essential for institutional adoption of digital assets because large capital allocators such as hedge funds or family offices require their use for insurance reasons. Support for Soneium, a joint venture between Sony and Singapore’s Startale Labs, opens the door for the provision of custody services on…
Will the price of Bitcoin sustain the surge in bullish momentum to bounce back to $102,557 in the next 24 hours? As Bitcoin springs back into action, the total crypto market cap has surged to $3.45 trillion. The recovery in Bitcoin is aimed at a bull run above $100,000, supported by institutional and derivatives backing the narrative. Bitcoin Price Analysis With an impressive recovery of 5.10% over the past week, Bitcoin’s price surged from $93,564 to a closing price of $98,327. Despite a slowdown over the weekend, the bullish recovery continues with an intraday gain of 1.41%, breaking the $99,000…
Liquity Protocol urged users to withdraw funds from its V2 Stability Pool positions as it investigates a potential issue affecting the “Earn” feature, according to a statement posted on X. The Liquity team was informed of a potential issue affecting Liquity V2 Stability Pools (“Earn”), and is currently investigating a potential impact. The team is currently working on confirming this potential issue and solutions. The protocol continues to work as expected and to… — Liquity (@LiquityProtocol) February 12, 2025 The team said the protocol continues to operate normally and the potential issue has not impacted any users. “The Liquity team…
The following is a guest post from Zac Williamson, CEO and Co-founder at Aztec. The blockchain industry is at a crossroads. While the industry has made significant headway in development scaling solutions, a fundamental challenge remains unaddressed: the need for programmable privacy. The enforced transparency of blockchains prevents their adoption in cases where user privacy is paramount, including real-world assets, supply chain management, and distributed identity protocols. In order for blockchain to be adopted into mainstream use, the industry has to prioritize programmable privacy—a requirement essential for institutional users. The next generation of Ethereum Layer 2 (L2) solutions emphasizes this…
A cryptocurrency trader was able to bounce back from a $1 million loss to achieve unrealized profits of more than $2.5 million trading the Pippin (PIPPIN) memecoin. According to the on-chain analytics platform Lookonchain, the trader spent $1.15 million two months ago to enter into a sizable PIPPIN position of approximately 20.46 million tokens. The crypto market’s famed volatility struck quickly, and the token’s price fell by 90% shortly after the position was opened. While many investors would have panicked and exited to save what they could, the trader in question stayed true to the course and held onto the…
President Donald Trump is just about done naming the key figures he’s seeking to get into financial regulation posts that will direct the future oversight of the crypto industry, now including lawyer Jonathan Gould as a nominee to run the Office of the Comptroller of the Currency that oversees U.S. national banks. With a widely circulated White House nominations document showing Trump has settled on Gould, a partner at law firm Jones Day who was a top lawyer at the OCC and a former crypto executive, and the president will reportedly nominate the Federal Deposit Insurance Corp.’s Jonathan McKernan to…
Forthewin Network has announced a merger with TOTHEMOON and a shift in focus toward development on the Base blockchain. The team cites a desire to scale operations and remain competitive in the decentralized landscape as the driving factors behind the move. Since launching on Neo N3 in 2021, FTW has introduced various products, including the open decentralized exchange Smith, and a range of multi-chain utilities such as locker, batch transfer, and bridging tools. FTW also developed Neo Boyz, a collection of 1111 unique NFT characters. Under the merger, TTM will migrate to Base, and FTW developers will concentrate on integrating…
Recent crypto market dynamics in the past four days have seen the return of bullish momentum into many cryptocurrencies, with the Bitcoin price leading the charge. Interestingly, this has led to the projection of looming gains in many altcoins, and technicals suggest an altcoin season might be rolling into place. Crypto analyst Kevin (@Kev_Capital_TA) recently drew attention to a significant development of a daily death cross in Bitcoin’s dominance. This rare occurrence could mark a shift in cryptocurrency investments in the coming months with implications for Bitcoin and the altcoin market. Bitcoin Dominance Chart Forms Daily Death Cross According to…