Author: NBTC
The US House on Thursday approved a bill that prohibits the Federal Reserve from issuing a digital dollar, or central bank digital currency (CBDC), without explicit authorization from Congress. This legislation, known as the CBDC Anti-Surveillance State Act (HR 5403), passed with a vote of 216 to 192. Republicans voiced worries that a US CBDC could be used for government control over citizens’ finances. The Fed itself hasn’t yet come out with a solid proposal to launch a digital dollar. But, the House vote reflects ongoing concerns among Republicans – including former President Trump – about potential government overreach with…
Gelios, the first community-owned decentralized applicaiton (dApp) layer on the Bitcoin network, has partnered with Koi. It is the most advanced and deepstack AI generated highly composable and editable 3D metaverse protocol built on top of Rune protocol. The goals of the strategic partnership are to grow the Gelios ecosystem, create integration between Koi and Gelios that becomes automatic in nature, jointly work on R&D for Layer 2 solutions as well as launch cooperative marketing efforts to drive user acquisition & retention. Gelios x KoiWe’re thrilled to reveal our new collaboration with @Koi_BTC, the first AI-generated, highly composable, editable 3D…
Spot bitcoin ETF flows have slowed after weeks of heavy buying. Only IBIT, BlackRock’s iShares Bitcoin Trust, continues its streak of consecutive daily positive flows. This is a normal development within the ETF space, an expert said. The initial euphoria for the spot bitcoin ETFs has seemingly dampened and reality is slowly kicking in with inflows recently unable to keep up with the still speedy pace of exits from Grayscale’s Bitcoin Trust (GBTC). The result is that in the week ended April 12, the spot ETFs as a whole saw a net outflow of 1,766 bitcoins. On last Friday and…
Aave, a leading crypto-lending protocol on the Ethereum network, has experienced significant growth in its total value locked (TVL), increasing by $2.26 billion since Monday. According to DeFiLlama data, this surge brought Aave’s TVL to $13.33 billion, which marks the highest level since May 2022. The increase is largely attributed to the positive market sentiment surrounding the potential approval of spot Ethereum exchange-traded funds (ETFs) by the US Securities and Exchange Commission (SEC). Anticipation of Spot Ethereum ETFs Fuels Aave’s Renewed Growth The AAVE token has also seen a notable increase, rising 13% over the past week. On Monday, its…
The U.S. Securities and Exchange Commission (SEC) has begun discussions with prospective issuers of Ethereum exchange-traded funds (ETFs) regarding their S-1 registration statements, according to a senior official at an issuing firm. SEC Working on S-1 Forms with Ethereum ETF Issuers “Basically, it’s just getting started,” the official said, noting that the SEC’s Investment Management Division seemed a bit surprised by the shift in focus on Ethereum ETFs. Despite the initial nature of these discussions, the source expressed cautious optimism about progress towards the Ethereum ETF, emphasizing that they do not expect the process to be halted. For Ethereum ETFs…
Leading decentralized governance infrastructure, Dora Factory, has announced the completion of a $10 million strategic fundraising. Nomad Capital, No Limit Holdings, Sky9 Capital, Singapore’s UOB-Signum Blockchain Fund, Interop Ventures, Cai Wensheng’s Longling Capital, and nine other prominent institutional investors participated in the round. The fundraising round will hasten the adoption and strategic expansion of Dora Factory’s decentralized governance and public goods funding technology stack. Leading infrastructure company Dora Factory specializes on public goods technology and decentralized governance. One of its main offerings is the flagship Public Good Staking infrastructure, which facilitates ecosystem funding driven by block incentives; another is Dora…
Prominent crypto analyst Michael van de Poppe acknowledged Polkadot as a “promising Layer 1 Blockchain outside of Ethereum.” In his recent X post, van de Poppe shared insights on Polkadot’s journey from 2016, when Founder Gavin Wood released the Polkadot Whitepaper, till 2024, when he released the JAM Graypaper. Promising Layer 1 blockchains outside of $ETH? I think I’ve got a few, and one is $DOT.@gavofyork wrote the Polkadot Whitepaper in 2016 and has now released the JAM Graypaper, essentially enabling Polkadot 2.0.Strong bounce in the markets too, at a cycle low still. pic.twitter.com/h3mUOOHJes — Michaël van de Poppe (@CryptoMichNL)…
Bitcoin’s mining difficulty increased by 1.48% at block height 844,704, reaching 84.38 trillion. This adjustment aligns with Bitcoin’s overall hashrate exceeding the 600 exahash per second (EH/s) mark. Bitcoin Network Difficulty Increases by 1.48% On May 23, 2024, at block 844,704, the difficulty adjusted from 83.14 trillion to 84.38 trillion. This rise follows a 5.62% decrease on May 9, 2024, coinciding with a hashprice lower than pre-halving levels. Hashprice refers to the estimated value of one petahash per second (PH/s) of hashing power per day. Difficulty change at block height 844,704 saw a 1.48% increase. Prior to the halving, it…
With big tech companies like Google and Meta pumping potentially unwanted AI features into their messaging platforms, there is a growing call for decentralized and encrypted alternatives that don’t rely on the centralized heavyweights. One company that aims to provide this service is Here Not There Labs, creator of the Towns social app and the newly launched River Protocol. River aims to offer an alternative to chat platforms like Slack and Discord, powered by blockchain tech and both customizable and private for creators. “You see a lot of social media products that are decentralized, but you don’t see a lot…
A widely followed crypto analyst believes Bitcoin may be repeating a 2019 market structure that saw BTC consolidating for many months before launching a parabolic surge. In a new video update, crypto strategist Jason Pizzino tells his 323,000 YouTube subscribers that Bitcoin’s run to new all-time highs is reminiscent of its 2019 price action, when Bitcoin rose by about 4X before taking a breather for six months. According to Pizzino, Bitcoin’s big move from about $25,000 to $74,000 in a few months is comparable to the 2019 fakeout rally, suggesting that BTC may witness a multi-month consolidation before the next…