Author: NBTC
Tech giant Block has reached an agreement with a Bitcoin mining firm, Core Scientific. Block will supply the mining firm with new and improved 3-nanometer mining application-specific integrated circuit (ASIC) chips. The two companies have not yet revealed the finances of the deal. However, the mining chips are expected to yield an additional 15 exahashes per second to Core Scientific’s current mining capacity of 24.6 exahashes per second. The two companies released a joint press release acknowledging they had come to an agreement that is currently among the largest ASIC agreements in the industry. According to the announcement, the Block…
API3 has officially launched the OEV (Oracle Extractable Value) Network on its mainnet, a significant addition to the API3 Oracle Stack. This network aims to help lending protocols recapture OEV lost during liquidations, enhancing the efficiency and profitability of these protocols. The solution to oracle extractable value is here! 🎉🚀 @OEVNetwork is officially live and integrated with the API3 Oracle Stack.Every lending protocol, on every API3 supported chain, now has a built-in solution to recapture protocol MEV.It pays to upgrade your oracle. 🪙 pic.twitter.com/I0rSpTUb6l — API3 (@API3DAO) July 9, 2024 At launch, several protocols, including Orbit Protocol, INIT Capital, and…
Financial expert explains how and why Bitcoin will overturn gold. He says it is a matter of 5 years until Bitcoin topples gold as the most valued asset. He urges investors to shift their mindset now before it’s too late. In a sparkling discussion kicking off the new week, the crypto community discusses the implications of Bitcoin’s (BTC) rise over the value and place of gold. The discussion ends with the resounding inevitability of gold’s fall from grace and Bitcoin with the title of most valuable asset in the word. I feel bad for anyone with a significant amount of…
Echelon has unveiled Bonds, a groundbreaking guild system enabling gasless and permissioned digital asset sharing within its ecosystem. This system is set to undergo Alpha testing in the coming weeks, involving Parallel players and administrators from five Bonds. Bonds allow players to borrow NFT cards and complete decks without any upfront costs, enhancing the free-to-play nature of Parallel by making access to NFTs and PRIME rewards completely free through a sharing system for gameplay winnings. According to the firm’s report, several key components of Bonds operate on-chain, including membership, member management, and rewards distribution. Each Bond is represented by an…
With US spot ether ETFs expected to launch very soon, a missing detail in several of the proposals remains the fee they will charge to investors. Those are likely to be listed on the final registration statements, or S-1s — submitted after the Securities and Exchange Commission says it is ready to allow them to begin trading. This could be as soon as this week, people familiar with the filings have told Blockworks. While price is typically an important fund feature in the competitive ETF arena, being the cheapest is not a guarantee to winning an asset race in any…
The Atlas fund is staffed by alums of high-frequency trading firm Millennium and hedge fund Bridgewater. Hypersphere intends to employ the multimanager approach used at Millennium and Bridgwater to provide investors with niche trading strategies while keeping volatility low. Cryptocurrency investment firm Hypersphere has unveiled a new fund with $130 million in assets under management (AUM) that will employ Wall Street-style strategies to generate returns from crypto assets. The Atlas fund launched in stealth mode in January, funded from Hypersphere’s balance sheet. It is staffed by alums of high-frequency trading firm Millennium and hedge fund Bridgewater, according to an emailed…
Pastel Network, a developer-friendly and decentralized L1 blockchain facilitating Web3 and NFTs, has announced a new partnership. According to the platform, it is joining forces with Nabox, a prominent multi-chain wallet providing extensive support for more than 50 diverse blockchains. The platform disclosed that this partnership denotes a remarkable move for both entities. Partnership Announcement!We’re pleased to announce a partnership between Pastel Network & @naboxwallet a multi-chain wallet supporting 50+ blockchains.📲 Accessible via Android, iOS, & Chrome extension🔒 Enhanced security🖥️ User-friendly interfacehttps://t.co/lnz9OCzRhI — Pastel Network (@PastelNetwork) July 9, 2024 Pastel Network and Nabox Partner to Advance PSL Wallets On its…
Activity on Bitcoin’s Rune protocol has dropped significantly, with data showing it reached its lowest level on May 11. The Runes protocol has been making waves in the crypto space since its launch on April 19, coinciding with the latest Bitcoin (BTC) halving event. The protocol’s debut on April 19, which coincided with the latest Bitcoin halving, was nothing short of a blockbuster. It drove a surge in Bitcoin transaction fees, raking in a record $107 million in a single day and $135 million within the first week. However, the enthusiasm surrounding Runes seems to have cooled off in the…
Venture capital firm Electric Capital has launched a new tool attempting to provide a detailed overview of the complex crypto ecosystem. Dubbed the Crypto Market Map, the tool categorizes projects into six technological layers, ranging from core infrastructure to end-user applications. The map tracks over 1,500 projects, offering a structured visualization of the sector’s framework. The tool could assist stakeholders in navigating the industry’s growing complexities by helping users understand and make more informed decisions, according to the firm. According to Electric Capital, the six tech layers are Core Infrastructure, Scaling, Interoperability, Developer Tools and Services, Protocols, and Applications. Electric…
Ethereum is on the brink of a significant supply shock that could drive its price to new highs. A recent analysis by crypto analyst Lark Davis reveals that the Ethereum supply on exchanges is at an eight-year low, with only 10% of the circulating supply currently held on centralized exchanges (CEXs). This development sets the stage for a substantial increase in Ethereum’s value. A massive Ethereum supply shock is brewing.And it’s going to make the price of $ETH skyrocket.Here’s why:… — Lark Davis (@TheCryptoLark) July 10, 2024 One key factor behind this potential surge is the lack of constant sell…