Author: NBTC
Cathie Wood, a renowned investor and chief executive at Ark Invest, has taken to her account on the X social media platform (formerly popular as Twitter) to praise AI and also share the recent “white paper.” This document was written by Ark’s Chief Futurist Brett Winton, and it addresses current AI development, its quite fast expansion and the potential of this technology, as well as what it can achieve in the future. Cathie Wood has referred to AI as “the most transformative technology in history and the biggest catalyst to other innovation platforms.” These platforms in the future, she believes,…
A pending SEC closed-door meeting is fueling settlement talks within the Ripple community. The price of XRP is in recovery mode amid global macroeconomic trends. The crypto market continues to feel the effect of recent updates on the ongoing Ripple vs SEC legal battle and monetary policies from the Bank of Japan (BoJ). Notably, XRP has now recovered back to the $0.5 price range after falling to $0.4661 on Monday. New Development on Ripple vs SEC Case Attention was recently drawn to the ongoing case between Ripple Labs and the US Securities and Exchange Commission (SEC). The SEC’s announcement of…
The U.S. Treasury has sanctioned members of Russia’s Evil Corp in collaboration with the UK and Australia, continuing a crackdown on cybercriminals. Targeting seven individuals, the group is infamous for deploying Dridex malware and Bitpaymer ransomware. This move highlights international efforts to combat cyber threats. US Expands Sanctions on Evil Corp Amid Global Ransomware Crackdown The U.S. Department of the Treasury announced on Tuesday that it has sanctioned members of the Russian cybercriminal group Evil Corp in a coordinated effort with the UK and Australia. This move targeted seven individuals and two entities associated with the group, continuing a series…
As BTC block reward mining profits dry up, miners are pivoting to artificial intelligence (AI) to ride the wave back to profitability. The latest is Hut 8 (NASDAQ: HUT), one of the largest United States miners, now offering AI clients GPU-as-a-Service. Hut 8 recently announced the launch of the service, revealing that the inaugural GPU cluster is now online and generating revenue. Hosted in Chicago and operated by Hut 8 subsidiary Highrise AI, the cluster comprises 1,000 Nvidia (NASDAQ: NVDA) H100 GPUs powering multiple Hewlett Packard Enterprise Cray supercomputers. “Consistent with our commitment to disciplined capital allocation, we believe a…
Sui enhances user experience with innovations like zkLogin and programmable transaction blocks, driving Web3 adoption. Optimism scales Ethereum using optimistic rollups, securing transactions while enabling faster and cheaper Ethereum transactions. Immutable focuses on NFT scalability, ensuring secure, zero-fee minting and trading on the Ethereum network. The blockchain world is growing vigorously and new platforms Sui, Optimism, Immutable, Saga Protocol, and Algorand offer exciting scalability, usability, and security solutions. Looking at these layered projects, several future token releases may bring new opportunities and new challenges changing the Web3 paradigm for users and developers. Sui: User Friendly of the Web3 Current price:$1.64…
Bitcoin (BTC) has maintained an uptrend since last Wednesday’s Federal Reserve rate cut. Currently trading at $63,509, the leading crypto asset’s price has grown by almost 10% in the past seven days. With rising demand and improving market sentiment, the king coin could reach a two-month high of $69,000. This analysis dives into the key factor driving this potential surge. Bitcoin Miners May Be The Key BeinCrypto’s assessment of Bitcoin’s Puell Multiple suggests that the leading coin might be poised for an extended rally. For the first time since the end of the 2022 bear market, the value of this…
DEX aggregators are no longer limited to running trades from a single blockchain network only and are venturing into trading across different networks. The two trends are AI integration and gamification of the DEX aggregator. Some specialties that are prioritized in DEX platforms are governmental regulation and gas fees. DEX aggregators have emerged as crucial tools for interacting with the DeFi system because they provide traders with better liquidity, as well as a better price throughout multiple trading platforms. These aggregators improve their services to make their usage much more convenient as the cryptocurrency market develops. This article reviews five…
Gaming giant Ubisoft is set to launch a 10,000 piece NFT collection on Ethereum scaling network Arbitrum in the coming weeks via the Magic Eden marketplace. These NFTs will allow holders to play the upcoming top-down shooter Captain Laserhawk: The G.A.M.E. early. Set in a fascist dystopian world inspired by the Netflix series “Captain Laserhawk: A Blood Dragon Remix”—which itself is inspired by Ubisoft’s Far Cry 3: Blood Dragon game—the competitive multiplayer game promises to include iconic characters from Assassin’s Creed, Rayman, and Beyond Good & Evil. Minted on Ethereum layer-2 scaling network Arbitrum, the new Niji Warrior ID NFTs…
Philippine President Ferdinand Marcos Jr. has officially signed Republic Act 112023, mandating a 12% value-added tax (VAT) on digital services provided by local and foreign digital service providers (DSPs). This new tax impacts popular platforms like Netflix, HBO, Disney+, and e-commerce giants like Amazon (NASDAQ: AMZN) and Shopee, ensuring that foreign companies contribute taxes when offering services to the Philippine market. “The rapid change in our digital landscape has created a gap in our tax system,” Marcos stated during the ceremonial signing. “Today, we signed the Value-Added Tax on Digital Services Law and we are now bridging that gap. With…
DojoSwap decentralized exchange (DEX) has announced today to redirect 50% of its fees to its DojoSwap Ecosystem Recovery Fund (DERF). As per DojoSwap’s official X post, DERF is now rolling in revenue from multiple sources. DERF revenue includes Dojo validator commissions, 5% of Injera Protocol revenue, DAOJO bonding, and 50% of the DEX revenue. Moreover, the remaining 50% of the exchange will directly go to the LP holders. Proud to announce that 50% of all DEX fees will now be directed to the DojoSwap Ecosystem Recovery Fund (DERF). DERF revenue streams now include Dojo validator commissions, 5% of Injera protocol…