Author: NBTC
An analyst has explained that the recent trend in the Bitcoin Coinbase Premium Gap suggests a significant change in the asset’s structure. Bitcoin Coinbase Premium Gap Has Continued To Be Negative In a new post on X, analyst Maartunn discussed how the Bitcoin Coinbase Premium Gap is still negative. The “Coinbase Premium Gap” here refers to a metric that tracks the difference between the Bitcoin prices listed on cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT pair). This indicator’s value provides hints about how the behavior of the former’s userbase currently differs from that of the latter platform. Below is…
Anthony Pompliano teams up with ex-TechCrunch reporter to launch a new startup aimed at “helping blockchains better communicate with their developers.” American entrepreneur Anthony Pompliano announced a new venture in an X post on Apr. 9 aimed at addressing the communication gap between blockchain developers and token holders. Co-founded with former TechCrunch reporter Jacquelyn Melinek, the so-called Token Relations project aims to improve communications between blockchain developers and partners, token holders, Pompliano said. Today we are announcing a new company.For years, blockchains have focused on (1) marketing to new users and (2) communities with reporters via PR.These efforts are necessary,…
The blockchain gaming sector faced a rough start of the year, as venture capital deals dropped by nearly 60%, totaling $288 million, signaling caution among investors. Developers in the blockchain gaming industry are facing a mix of caution and optimism, as indicated by a decrease in venture capital deals compared to previous quarters. According to data gathered by DappRadar, the sector secured $288 million in funding in Q1, marking a 57% decrease compared to Q4 2023. “The focus of these investments has largely been on web3 games and infrastructure. This surely highlights a period of foundational building aimed at enriching…
Sky Mavis, the team that designed the Ronin Network, has announced the creation of the Sky Mavis Trusted Domain System. It is a revolutionary security feature that strengthens users against some of the many threats that exist in the Web3 environment. The system is made up of three separate shields such as the Mavis Badge, the Mavis Friends Badge, and the Unknown Badge, each providing a strong defense against the constantly evolving attack vectors. Introducing the Sky Mavis Trusted Domain SystemThree shields against bad actors on Ronin 🛡️• The Mavis Badge• The Mavis Friends Badge• The Unknown BadgeNote: if everything…
In July 2022, iCan Entertainment, based in Taiwan, entered the Web3 space through its branch, iFA Capital, LTD., and its parent company. They wished to combine art, culture, and the newest technologies and launched into blockchain activities. They have their eyes set on designing special-edition NFTs and immersive metaverse experiences. Create your digital art with the AI art generator. By using their different web3 strategies, they are aiming to share Taiwanese culture across the world. iCan has been the first pioneer in the gaming segment and picked The Sandbox as its playground for multiple creative projects. One of numerous such…
Long-term holders of Bitcoin are starting to sell off their holdings of the cryptocurrency, signaling that the bull market has “definitely begun,” according to data released on Monday from investor and entrepreneur Anthony Pompliano. “This shouldn’t be a surprise — as the price of Bitcoin rises, some percentage of holders are willing to sell their assets to take profit off the table,” Pompliano wrote. BTC Sell-Off Signals A Bull Market Kick-Off, Pompliano Alleges “A small percentage of bitcoin (< 5%) that was previously dormant is now on the move,” he added. “The 60% year-to-date increase in price, and the 140%…
Stream Trading raised $1.5 million in seed funding, valuing the company at $20 million. The protocol, which is almost profitable, is designed to give depositors exposure to high-yield rate arbitrage trades, for which it charges a 10% or higher fee. The company building Stream Finance, one of the Ethereum blockchain’s newest crypto derivatives platforms, has raised $1.5 million from Polychain and a handful of angel investors. Stream Trading raised its seed round at a $20 million valuation, founder Diogenes Casares said in an interview with CoinDesk. He and co-founder Solal Afota built the team quickly to capitalize on this year’s…
In a major development for the fast-evolving Web3 gaming world, GaFin and Jump.trade have announced a partnership. The gaming powerhouse in the space and Jump.trade, the premium non-farm destination for game and brand NFTs, promises a future of revitalizing opportunities. GaFin 🤝 @Jumptradenft🚀 We’re thrilled to partner with @Jumptradenft – a destination for a wide range of astonishing game and brand NFTs ✨🎉 Our partnership embodies shared values and a mutual commitment to excellence. We are poised to achieve great things in the Web3… pic.twitter.com/nCrefwsfFh — GaFin (@Gafin_io) April 12, 2024 GaFin Empowers Gamers in the Web3 Revolution with Cutting-Edge…
Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.” Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in the region. This creates very few jobs or economic opportunities, she added. Per the ministry’s statement, the legislative amendment would allow the government to prohibit or limit electricity usage for crypto miners. This is because the “unchecked growth” of the sector could make it expensive to supply electricity to homes and businesses. In December 2022,…
Obol Labs has partnered with crypto insurance platforms Relm and Chainproof to offer insurance for Ethereum stakers that use Obol’s distributed validator technology. Should the insurance be cheap enough to be worth buying, potentially risk-conscious institutions could be appeased to take part in one of Obol’s distributed validators. Obol’s distributed validators, or DVs, aim to present a pathway to a more decentralized Ethereum network. Since the shift to proof-of-stake, Ethereum blocks have been created and transactions are validated by a set of validators who stake ETH as collateral. Currently, it takes 32 ETH to run a full Ethereum node, an…