Author: NBTC
South African investment firm Altvest Capital has announced plans to become the first company in Africa to hold Bitcoin as a primary treasury reserve asset, following US technology firm Strategy. South African Firm Altvest to Accept Bitcoin as Treasury Reserve Asset Altvest has already made a bitcoin purchase and has applied for regulatory approval to raise 200 million rand ($10 million) by issuing shares to increase its bitcoin holdings, CEO Warren Wheatley said in an interview. However, no final decision has yet been made on the capital raise. Altvest adopts a strategy pioneered by Strategy co-founder Michael Saylor, who began…
Flowdesk has secured $102 million in fresh funding to expand its digital asset trading and liquidity business, backed by HV Capital and a debt facility from BlackRock-managed funds. “This funding round marks a pivotal moment for Flowdesk as we accelerate our expansion into key global markets,” said CEO Guilhem Chaumont in an email to CoinDesk. “Institutional demand for market-making infrastructure is growing rapidly, and we are committed to scaling our technology and services to meet that need.” In a release, Flowdesk said it will use the proceeds of the round to scale its over-the-counter (OTC) derivatives business and launch a…
The Apex Fusion Foundation, a decentralized technologies platform, has launched its blockchain ecosystem and native token, AP3X, as per the reports shared with Finbold on Thursday, February 20. With the blockchain live, the project integrates Bitcoin’s (BTC) unspent transaction output (UTXO) security model with Ethereum (ETH) Virtual Machine (EVM) programmability, which helps create a more stable and intricate staking framework. AP3X will be listed on LBANK starting February 20, 2025, with initial yields estimated at around 10% per year. And we are live! AP3X is listed on @LBank_Exchange and @CoinstoreExc 🔥 pic.twitter.com/ftArYuuxXh — Apex Fusion (@ApexFusion) February 20, 2025 Apex…
The digital asset market is currently witnessing a substantial downtrend, causing huge losses to traders. Today, according to data reported by Lookonchain, a trader who held long positions on several tokens lost millions of dollars. This bull has lost $9.85M from going long on $BTC, $SOL and other tokens.After the market dropped, he deposited another 3.5M $USDC into #Hyperliquid as a margin today.https://t.co/2N8f8TIYcx pic.twitter.com/tXDpFebauD — Lookonchain (@lookonchain) February 19, 2025 The trader took long positions As per Lookonchain data, the whale leveraged long positions on crypto futures including Bitcoin, Solana, and other tokens in the Hyperliquid trading platform. However, things…
As bitcoin trades at $81,626—just shy of the $82,000 mark—disparities in mining costs among leading public firms expose striking operational differences, with some companies extracting bitcoin at a fraction of the network’s estimated average. Mining Bitcoin for Profit? It Depends on Who’s Paying the Power Bill On March 11, 2025, bitcoin’s spot price settled at a low of $81,626, bringing mining profitability into focus. Data provider Macromicro.me placed the average cost to mine one BTC at $85,233 as of March 9, a figure based on electricity consumption models. However, this estimate stands in stark contrast to the self-reported expenditures of…
A newly released roadmap of the Stellar Foundation highlights the need to significantly improve on three key areas – Real-World Assets, monthly active addresses, and Decentralized Finance. Stellar seeks to reach a Total Value Locked (TVL) of $1.5 billion in 2025 while supporting lending, saving, and borrowing protocols. The Stellar Foundation has officially unveiled its 2025 roadmap. According to the report shared on X, its operation for the year would be based on three primary objectives bordered around open participation, everyday financial services, trust, and results-driven execution. Source: Denelle Dixon Delving into the Roadmap In the report, the Stellar Foundation…
The team behind Shiba Inu metaverse project, SHIB: The Metaverse, has introduced a mini-game centered around fishing. In an X post on Monday, Shiba Inu’s Marketing Lead, Lucie, highlighted the game, calling the community’s attention to the fishing game set to launch in SHIB: The Metaverse. She emphasized that the game’s purpose is not just for recreational activity but serves as the foundation of a broader in-game economy within the metaverse project. Notably, it requires players to utilize precision and skills to progress through different ranks and eventually become master anglers. Features of SHIB: The Metaverse Fishing Game The mini-game…
Solana is currently a blockchain ecosystem consumed with heightened memecoin activity and market speculation. The platform’s technical advantages, including sub-second finality and low transaction fees, have attracted a surge of speculative projects, prompting comparisons to the BNB Chain, which experienced a similar trajectory during the memecoin boom. Solana-based tokens have driven high-frequency trading activity, echoing the early days of BNB Chain when low fees and Binance’s infrastructure fueled rapid retail adoption. BNB Chain, which rose to prominence in 2021, capitalized on low transaction costs and strong integration with Binance. Projects such as SafeMoon and Baby DogeCoin spurred retail interest, eventually…
Bitcoin has suffered another blow as U.S.-based spot Bitcoin ETFs saw net outflows surging to $365 million. Alongside Bitcoin, Ethereum ETFs also faced a net outflow of $13 million, though BTC’s losses remain the dominant story. Following the significant ETF outflows, Bitcoin’s price has struggled to maintain key support levels. At the time of writing, BTC is hovering near $98,000, consolidating after a sharp decline from recent highs. The asset is currently testing an important support zone around $94,000, which, if broken, could trigger further downside toward $85,000. The negative ETF flows are indicative of investor caution, particularly among institutional…
Zug – Backed Finance has made a bold move in the world of decentralized finance, launching its tokenized version of Coinbase stock ($bCOIN) on the Base network. Available for seamless trading on CoW Swap and supported by a dedicated pool on Aerodrome, this milestone brings traditional financial assets into the decentralized era, offering 24/7 access to tokenized equities on the blockchain.—Backed’s $bCOIN provides a legally compliant, 1:1 backed representation of Coinbase stock, designed for easy transferability and trading without intermediaries. This is a pivotal moment for on-chain finance, demonstrating Backed’s ability to lead the way in the evolving landscape of…