Author: NBTC
Pyth Network token surged to a record high as the crypto bull run gained steam. The coin jumped to a record high of $0.9065 on Monday, a 313% increase from its lowest point this year. This surge has brought its total market cap to over $1.2 billion. Pyth Network, a rival to Chainlink and Band Protocol, is doing well as the ongoing cryptocurrency rally continued. Bitcoin jumped to a record high of $72,300 on Monday, pushing the total market cap of all coins to over $2.7 trillion. Pyth Network’s performance is happening at a time when the Total Value Secured…
The Brooklyn District Attorney’s Office, led by Eric Gonzalez, has dismantled a sophisticated cryptocurrency scam that duped individuals across the U.S. out of millions. The so-called “pig butchering” scheme revolved around a deceptive practice where scammers befriended unsuspecting victims online, and steered them toward investing in cryptocurrencies through fraudulent websites and apps. Afterward, they ultimately blocked them from withdrawing their funds, resulting in total losses of their investments. #BREAKING: Brooklyn DA Eric Gonzalez’s Virtual Currency Unit disrupted a “pig butchering” cryptocurrency scam operation.https://t.co/GCAiByXU4S and 20 associated domains, as well as three servers hosting these sites, have been seized, identifying further…
Tria, a consumer-centric Layer 1 chain, has recently announced its partnership with Neo X. It is an EVM-compatible sidechain of the Neo Smart Economy. Both companies have set out to drastically change the consumer experience in the Web3 ecosystem to achieve massive adoption of decentralized technologies. Today, @useTria is thrilled to announce its partnership with Neo X – an EVM-compatible sidechain of @Neo_Blockchain, to bring Web2-like flawless UX to Web3, further accelerating our mutual mission for mass adoption.Eliminate Toxic MEV 🤝Consumer-first L1. pic.twitter.com/vUudZUhkaE — Tria (Prev. Threely) (@useTria) April 8, 2024 Neo X and Tria to Revolutionize Web3 Accessibility with…
Following the latest Bitcoin (BTC) accumulation in line with its Treasury Reserve Allocation (TRA) strategy, Michael Saylor’s MicroStrategy now has more BTC than the United States and China. MicroStrategy already bears the tag as one of the largest corporate holders of Bitcoin, a title earned after consistent Bitcoin accumulation since August 2020. For a strategy that started as a key pivot move to protect itself from the devaluation of the US Dollar due to the growing inflation compounded by COVID-19 at the time, MicroStrategy now records global recognition for its consistent purchase. MicroStrategy Outranks US and China Bitcoin Holdings While…
The persistent disconnect between policymakers and technology invariably results in proposed and approved regulations overlooking pertinent parts of new technologies. US lawmakers and regulators face the challenge of regulating emerging technologies across blockchain and AI. Policymakers, like Senator Cynthia Lummis, have acknowledged the need for innovation in the financial sector and proposed legislation like the Digital Asset Innovation Act to address concerns. However, the SEC’s recent actions against Ripple Labs highlight the current “regulation-through-enforcement” approach, which critics argue stifles innovation. To be effective, they must become well-versed in cryptocurrency and its underlying technology. As an example, public blockchain assets allow…
Even after an extreme crypto winter, the cryptocurrency industry has bounced back at an impressive rate. Yet, despite the rallying the sector has seen over the past few months, decentralized finance still only represents a tiny portion of active financial markets. The total market cap for cryptocurrency is currently around $2.5 trillion. To put that in perspective, the US financial market alone represents $42.6 trillion. For businesses and projects that exist in the blockchain sector, access to information from this much larger market is vital. To fulfill this need, businesses have turned to blockchain oracles – code bridges that bring…
Former BitMEX CEO Arthur Hayes, who was talked about with his 1 million dollar prediction for Bitcoin after Ark Invest CEO Cathie Wood, made new statements about Bitcoin. In an interview with Anthony Pompliano, Hayes said that he predicted Bitcoin would reach unprecedented levels. Emphasizing that people’s imagination is very limited at this point, the famous CEO stated that we are just at the beginning of the bull trend in Bitcoin and that BTC will record tremendous increases in the coming period. “I expect Bitcoin to reach 1 million dollars. When people hear this prediction, they say “what a million?”…
NEAR is trading at $7.00, its highest level since May 2022, after rising by 20% in the past 24 hours. Price action has been spurred by the NEAR founder’s attendance as a speaker at Nvidia’s AI conference next week. NEAR will soon introduce Near Tasks, a new product focused on AI. Layer-1 blockchain NEAR’s native token (NEAR) has almost doubled since March 5 as the hype surrounding Nvidia’s (NVDA) upcoming annual conference continues to drive AI-related tokens to the upside. Near Protocol co-founder and CEO Illia Polosukhin will be on a panel at the conference titled “Transforming AI” and will…
ARK Invest CEO and chief investment officer Cathie Wood is urging the U.S. to follow Hong Kong’s example in regulating cryptocurrencies. Wood expressed the sentiment in a dialogue at the latest edition of the Hong Kong Web3 Festival, where she spoke on several key topics shaping the future of the blockchain and crypto industries. Cathie Wood believes that Hong Kong has very good regulations on cryptocurrencies, providing a comprehensive framework. She thinks that the United States should follow suit, as there is currently regulatory uncertainty and a loss of talent. She still maintains her prediction that… — Wu Blockchain (@WuBlockchain)…
It is exciting news that the recent announcement of the launch of MACH AVS has created a buzz around the crypto world. MACH AVS is a progressive, swift, and active validated service (AVS) for OP Mainnet and Arbitrum One, now live on the testnet. With such an initiation, MACH can go on the mainnet in the coming weeks. Background of MACH MACH has operated as an AVS by providing scope to the users by delegating LSTs or ETH along with ALT tokens, considering the registered operators. Economic collateral is deposited in terms of securing MACH for attesting the validity of…