Author: NBTC
The UK’s largest asset manager Aberdeen Standard Investments (commonly known as Abrdn PLC) has initiated asset tokenization on Hedera Hashgraph using the DLT networks. At the same time, the EVM developers released a new proposal to improve the functionality of Hedera. By tokenizing on Hedera, Abrdn became the first major UK wealth manager to issue a tokenized security. Abrdn PLC, in collaboration with Archax, a regulated digital asset exchange, has tokenized its assets in the Aberdeen Standard Liquidity Fund (Lux) — Sterling Fund, an Archax platform. The collaboration between Abrdn and Archax demonstrates the growing interest in digital asset tokenization…
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters. According to data from Farside Investors, the 10 ETFs collectively attracted $2.6 billion in new investments during the five days ending March 15. Most of these inflows occurred early in the week, with a surge from Monday to Wednesday driving BTC to new highs, nearly hitting $74,000. However, the momentum waned towards the end of the week, with only $133 million and $198 million of net inflows recorded on Thursday and Friday, respectively. Consequently, Bitcoin (BTC)…
Data labeling firm Sapien has successfully secured a $5 million seed investment from investors such as Primitive Ventures, Animoca Ventures, and Yield Guild Games to enhance its artificial intelligence (AI) model training services through a gamified platform. Sapien was launched in 2023, aiming to create the largest human-powered AI training data network by offering a blockchain-based reward system for its global community of data labelers. Sapphire “We are thrilled to have the support of our investors on our path to building the world’s largest network of ‘Sapiens’ – our brand for the millions of humans globally who power today’s most…
Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks. The firm predicts this event will have a unique effect on the network compared to previous years, particularly in how quickly the difficulty adjusts post-halving. Eamonn Gashier, Founder and CEO of Block Scholes, highlighted that the total block reward, in terms of both Bitcoin and USD, typically rebounds to pre-halving levels months after the event despite an…
RWA Inc., a prominent platform for tokenization of real-world assets, has recently started an exclusive partnership. As per the announcement, the company is collaborating with Prom (a popular and cutting-edge gaming NFT platform) to provide convenience in the tokenization of real-world assets. The company took to its official account on X to disclose the latest development. Major News 🗞 It’s a great pleasure to announce our integration into the @prom_io, leading EVM ecosystem.Prom user will now be able to #tokenize real world assets with ease@RWA_inc powering the new economy https://t.co/u1hcO4Nrtz pic.twitter.com/heLahHHC7w — RWA Inc. (@RWA_Inc_) April 12, 2024 RWA Inc.…
Bitcoin’s Tether-denominated price on BitMEX, represented by the XBT/USDT pair, crashed to $8,900 late Monday. BitMEX said on X that it is investigating the large sell orders that caused the flash crash. Yes, you read the title right. Late Monday, bitcoin suffered a brief crash to as low as $8,900 on cryptocurrency exchange BitMEX, while prices on other exchanges held well above $60,000. The slide began at 22:40 UTC, and within two minutes, prices fell to $8,900, the lowest since early 2020, according to data from the charting platform TradingView. The recovery was equally quick, with prices rebounding to $67,000…
The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal for 100,000 High-Efficiency Miners On Friday, Cleanspark (Nasdaq: CLSK) disclosed that its operations have surpassed a total hashrate of 17 exahash per second (EH/s). Back in January 2024, the company announced the acquisition of 60,000 application-specific integrated circuit (ASIC) bitcoin mining rigs and mentioned its…
BVM, a Bitcoin layer 2 project, will release a platform called Truly Open AI, allowing users to deploy AI models on the blockchain for use in crypto applications. The AI’s storage model was built in collaboration with Filecoin, Near, Avail, Polygon, and Syscoin. Bitcoin Virtual Machine (BVM), the Bitcoin layer 2 project, will soon release a platform that allows users to spin up artificial intelligence (AI) models, developer punk3700 told CoinDesk in a message on Tuesday. The new feature, called Truly Open AI, will let users float AI models on the blockchain for use in crypto applications. An AI model…
During the Chainalysis Links conference held in New York, Cantor Fitzgerald CEO Howard Lutnick claimed that he supports “properly backed stablecoins,” citing Tether’s USDT and Circle’s USDC as major movers in the market. Lutnick claims that stablecoins represent a beneficial and fundamental instrument for the US economy, noting that the tokenization of financial assets will likely increase over the next decade as stablecoin usage expands globally. “Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said in the conference. “That’s why I’m a fan of properly backed stablecoins. I’m a fan…
As the price of the flagship cryptocurrency Bitcoin ($BTC) surged to a new all-time high above the $73,000 mark earlier this month, interest in the cryptocurrency on internet searches also surged, eclipsing pop music titans Taylor Swift and Beyoncé in Google popularity. According to data from Google Trends, Bitcoin’s recent price rally to record highs has propelled searches for the flagship cryptocurrency to their highest level in over a year, attracting more interest from internet users than both music stars combined over the past week, as Bloomberg reported. Source: Google Trends Bitcoin’s price surged to a new all-time high after…