Author: NBTC
LQWD Technologies Corp., an infrastructure and liquidity provider for the Bitcoin Lightning Network, has announced a new partnership with Amboss Technologies Inc. to become their premiere Lightning Network Liquidity Service Provider (LSP), according to a press release sent to Bitcoin Magazine. As part of the partnership, LQWD will contribute an initial 10 Bitcoin in liquidity to Amboss, with plans to deploy more Bitcoin throughout the collaboration. “Partnering with LQWD ensures that Amboss’s global customers have direct access to institutional-grade liquidity for Bitcoin payments, allowing LQWD to generate additional yield through their nodes on the Lightning Network,” said Amboss Co-Founder and…
The cryptocurrency market will witness a rare unlocking event. Arbitrum (ARB), one of the most well-known Ethereum layer 2 projects, will have a highly charged token unlock event on Saturday, March 16, 2024. The token lock opening event in question will take place at 16:00 UTC+3 Turkey time. 1.11 billion ARB will be unlocked, which is an impressive 76.62% of the circulating supply. It is noteworthy that the altcoins to be unlocked are worth 2.38 billion dollars at the exchange rate at the time this article was written. Arbitrum’s total market value currently hovers around $2.7 billion. It is also…
The Australian Securities and Investments Commission (ASIC) is appealing the Federal Court’s dismissal of its case against Finder Wallet’s crypto product, Finder Earn. “ASIC has appealed the Federal Court’s decision to dismiss ASIC’s proceedings against Finder Wallet Pty Ltd for allegedly providing unlicensed financial services, breaching product disclosure requirements and failing to comply with design and distribution obligations in relation to its crypto-asset related product ‘Finder Earn’,” the regulator said in a statement Wednesday. ASIC sued Finder Wallet in Dec. 2022. The regulator then argued that Finder’s Earn product was an unlicensed debenture. Subsequently, Finder Wallet contested this in Federal…
Velo and Solana have announced a partnership to create a clearing house for Laos digital gold transactions. In an April 8 announcement, Velo revealed a memorandum of understanding (MOU) to establish a clearing house for the project. By combining Solana’s advanced blockchain technology with Velo’s infrastructure, the partners will create a highly efficient and secure platform for processing digital gold transactions that will be settled on the blockchain. This key feature will ensure the verification and coverage of multiple transactions, the trust of developers among counterparties, and will ensure the smooth execution of contractual obligations between buyers and sellers of…
Crypto exchange BitMEX is looking into unusual Bitcoin trading patterns on its platform that could involve unfair practices. The internal investigation follows a recent rapid drop in Bitcoin’s value on the platform. On Monday, Bitcoin’s valuation against the USDT stablecoin plummeted to $8,900 on BitMEX, while BTC maintained a value above $66,000 on other trading platforms. Bitcoin’s price on BitMEX quickly returned to normal and has since mirrored the broader market trends. Following an investigation, BitMEX identified unusual “aggressive selling behavior from a few accounts,” which deviated from normal market expectations. The exchange assured that its operations were not disrupted…
The political and regulatory landscape of crypto in the United States is at a pivotal juncture, with influential figures like Senator Cynthia Lummis and Representative Patrick McHenry advocating for clearer regulations and a more supportive environment for digital assets as the elections creep closer. Meanwhile, Deputy Treasury Secretary Adewale Adeyemo calls for enhanced Treasury powers to combat illicit finance in the crypto sector, signaling a government push for tighter regulation.While all this is happening, Steven Nerayoff filed a lawsuit against the U.S. government for $9.6 billion over alleged false charges and mistreatment. Crypto at a Crossroads in Upcoming Elections Senator…
Gaming startup Playtron is trying to challenge the dominance of handhelds from existing giants like Steam and Nintendo with the launch of a low-cost, flexible operating system that can run on all kinds of devices—and it’s teaming with Mysten Labs to launch a Sui-branded model. On Wednesday, Playtron and Mysten Labs revealed the SuiPlay0x1 at the Sui Basecamp event in Paris—it’s a handheld gaming device that runs the Linux-based Playtron OS. Expected to launch in 2025, the portable console will be able to run games built on Sui, but also blockchain games on other networks, as well as PC games…
Theta Labs recently talked about its much-anticipated EdgeCloud Q2 release. The team is working to launch the v1 of EdgeCloud right now. The tool suite will enable researchers, enterprises, and developers to access the most effective GPU processing power. The power can be used for gaming tasks, and 3D, video, and AI rendering. The strategy will combine the advantages of decentralized platforms and cloud computing. EdgeCloud, powered by the robust Theta Edge Network, will increase overall processing power for all users. Theta Labs previously announced the debut of its EdgeCloud toolset with other AI models a week ago. Now, the…
MicroStrategy, the world’s largest corporate holder of Bitcoin (BTC), has acquired another 9,245 coins at an average price of $67,382. The purchase brings the firm’s holdings up to 214,246 BTC – officially over 1% of all Bitcoin that will ever exist. Michael Saylor Buys More Bitcoin As noted by MicroStrategy co-founder and chairman Michael Saylor, the company’s total Bitcoin book cost is now $7.53 billion, at an average purchase price of $35,160 per coin. This figure is roughly corroborated by saylortacker.com, which tracks the performance of MicroStrategy’s Bitcoin investment over time based on Saylor’s publicly declared Bitcoin purchases. MicroStrategy has…
Despite XRP’s underperformance recently, Attorney Bill Morgan still believes it can reach a new all-time high (ATH) this year. For many investors, XRP’s performance has been disappointing, as the coin seems to be missing out on the ongoing bull run. While the prices of most crypto assets, including BTC and ETH, have spiked tremendously recently, XRP has remained around the $0.6 level for weeks. It bears mentioning that XRP’s low performance has been attributed to the ongoing legal tussle between the SEC and Ripple. The lawsuit, which was introduced in December 2020, has had a devastating impact on the coin.…