Author: NBTC
Bitcoin (BTC) miner Riot Platforms (RIOT) has struck a $100 million credit agreement with Coinbase’s credit arm, using bitcoin as collateral to secure short-term funding for its ongoing expansion. The publicly traded mining firm said in a press release it would draw on the facility over the next two months. The deal offers Riot, which currently holds 19,223 BTC worth over $1.8 billion, a line of credit that avoids issuing new shares. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards long-term…
South Korea’s National Pension Service (NPS) is mulling over the prospect of turning to blockchain to streamline its accounting processes. A local news outlet reports that the NPS is opening the doors for blockchain service providers to pitch Web3-based solutions to the pension board. Currently, the NPS controls 1.2 trillion won (US$836 billion), and the bulk of the blockchain-based solution will revolve around its fund transaction systems. The NPS will seek solutions for increased security and transparency for its funds while streamlining deposits and withdrawal processes. Under the migration, every NPS transaction will be stored on a distributed ledger and…
Bitcoin ($BTC) ecosystem is currently presenting a promising scenario for bullish traders. As per the well-known crypto analyst going by “Axel Adler Jr,” long-term Bitcoin holders have decreased their total exchange inflow by only 1.1%, highlighting a least selling pressure. The crypto analyst took to social media to disclose the minimal selling pressure among the long-term $BTC holders. Long-term holders have eased their selling pressure on exchanges to just 1.1%. Should this decrease by another 0.1%, we’ll see a yellow bar indicator, signaling virtually no selling pressure in the market. We observed the highest LTH selling when Bitcoin reached $50K…
Developer activity is considered to be a key metric in gauging the long-term potential and health of blockchains. As per the data from the crypto data intelligence platform Santiment, iExec RLC ($REC), Internet Computer ($ICP), and ChainLink ($LINK) are the top blockchains in terms of developer activity over 30 days. The other names in the top-10 list take into account Starknet ($STRK), Optimism ($OP), Cardano ($ADA), Sui ($SUI), DeepBook Protocol ($DEEP), Ethereum ($ETH), and zkSync ($ZK). iExec RLC ($RLC) Dominates Top 10 Chains by Developer Activity The top player among the blockchains in the case of developer activity is iExec…
Russian regions where crypto mining is partially or fully prohibited are likely to grow in number with another three asking for Moscow’s permission to adopt a ban. A government commission is going to review the latest requests next month but authorities have already curbed coin minting activities in at least a dozen regions of the Russian Federation. More Russian regions want to ban crypto mining Bitcoin miners in another three regions of Russia are bracing for a ban that local officials want to see imposed on their operations. The news comes ahead of a meeting of a government commission in…
Malaysia is accelerating its push into blockchain, holding discussions with Binance’s founder as it aims to become Southeast Asia’s leading hub for tokenization and digital finance. Binance Founder Joins Forces With Malaysia to Supercharge Blockchain Agenda Malaysian Prime Minister Anwar Ibrahim announced a strategic engagement with Binance founder and former CEO Changpeng Zhao (CZ) on April 22 via social media platform X, signaling Malaysia’s ambitions to play a central role in the blockchain and digital assets space. The meeting, described as “productive” by Anwar, focused on the nation’s potential to emerge as a regional hub for the digital economy. He…
In a recent social media post, Strategy founder Michael Saylor stated that Bitcoin has no counterparty risk. “No company. No country. No creditor. No currency. No competitor. No culture. Not even chaos,” he said. This echoes the point that Saylor made during his appearance on CNBC in late 2024. He stated that the leading cryptocurrency was suitable for those investors who did not want to be a counterparty to “a country, a currency, a city, a company, a commodity, or a culture.” Being exposed to counterparty risks means that the other party might fail to fulfill its obligations. Meanwhile, Bitcoin…
BNB Chain leads stablecoin activity with 12 million active USDT wallets in 30 days. TRON, Polygon, and Ethereum trail behind as BNB Chain becomes users’ top stablecoin choice. BNB burns 1.57 million tokens worth $916 million to reduce supply and increase value. BNB price rises 2% to $604, while RSI near 48.57 signals a beginning of bullish trend, Binance BNB Chain is quietly stealing the spotlight. Over the past month, it has become the number one choice for people using USDT (Tether), the world’s most popular stablecoin. With nearly 12 million active wallets, BNB Chain has now taken the lead…
Galaxy Digital (GLXY) said it deepened its strategic partnership with CoreWeave (CRWV), reinforcing its ambitions in the fast-growing artificial intelligence (AI) and high-performance computing (HPC) data center industry. Under a new agreement, CoreWeave will gain access to an additional 260 megawatts (MW) of critical IT load at Galaxy’s Helios data center campus in West Texas, bringing the total committed capacity for AI and HPC operations at the site to 393 MW. The move marks another shift by Galaxy away from bitcoin mining, with the Helios campus acquired from Argo Blockchain in 2022 moving toward becoming a cornerstone for next-gen digital…
Kadena’s Chainweb EVM represents a groundbreaking initiative that integrates Ethereum Virtual Machine (EVM) compatibility into its scalable multi-chain network. Announced on April 3, 2025, this development positions Kadena as a decentralized alternative to Ethereum Layer 2 solutions, addressing scalability, cost, and efficiency challenges. With near-zero gas fees, infinite scalability, and robust security, Chainweb EVM is drawing attention from developers and industry observers. This article examines the key features, benefits, and implications of Kadena’s Chainweb EVM, providing insight into its potential to transform the blockchain landscape. What is Chainweb EVM? Chainweb EVM is Kadena’s effort to enhance its multi-chain network by…