Author: NBTC
Though most mining stocks have so far taken a dive this year, industry watchers expect investors to buy back into the strongest such companies after the Bitcoin halving dust settles. Some of the world’s largest public mining companies have watched their stock prices plummet in recent months. The stock of mining giant Marathon Digital is down roughly 33% so far this year. Shares of rivals Hut 8 and Riot Platforms are slightly worse off over that span, down about 35% and 46%, respectively. Core Scientific’s stock has dropped about 16% since coming out of bankruptcy in January. Las Vegas-based CleanSpark…
IOTA will be among the official strategic partners of the AIM Congress, the Middle East’s largest investment conference, which will be held in Abu Dhabi next week. The tokenisation of real-world assets will take centre stage, with Dominik Schiener expected to present the IOTA Foundation’s Tokenization Framework as an industry leader. The Middle East has become one of the world’s leading investment destinations, with the region diversifying from its traditional oil business into venture capital, emerging tech such as AI and blockchain, and more. On May 7th, global decision-makers will congregate in Abu Dhabi for one of the world’s largest…
Today, Prom has announced that AirDAO is becoming a part of its ecosystem. AirDAO is a community-operated L1 blockchain committed to reshaping the landscape of Web3 through decentralized governance and collective action. Its principal objective is to produce a customer-oriented dream of DeFi. Prom Integrates AirDAO Into the EcosystemWe’re thrilled to see our ecosystem expanding: we welcome @airdao_io, a community-governed L1 blockchain, on board.AirDAO is an ecosystem of Web3 projects shaped by collective wisdom via DAO governance. AirDAO’s mission is to create a… pic.twitter.com/9Vy3LGjywt — Prom (@prom_io) May 17, 2024 Prom and AirDAO Partnership Enhances Web3 Scalability By combining exceptional…
Jamie Dimon has yet more to say about Bitcoin—albeit things he’s known for saying before. In an in-depth interview with Bloomberg on Wednesday, the JP Morgan CEO reiterated his stance that Bitcoin is “a fraud.” “If you mean crypto like Bitcoin, I’ve always said it’s a fraud,” Dimon told Bloomberg’s Emily Chang, adding that there is no hope for it as a currency. He also called Bitcoin a “public decentralized Ponzi scheme,” but conceded that blockchain and smart contracts have value. “If it’s a crypto coin that can do something like a smart contract that has value, there will be…
Hermetica Labs, a decentralized finance protocol built on top of Bitcoin, has launched USDh, the first-ever Bitcoin-native synthetic US dollar. The new offering allows users to gain yields of up to 25% with zero exposure to traditional finance. Introducing USDh 🎉 The first Bitcoin-backed, yield-bearing synthetic dollar. 🔸 Backed by #Bitcoin – not banks 🔸 Earn up to 25% yield 🔸 Native to Bitcoin L1 and L2s Join the revolution now🧵👇 pic.twitter.com/lQCP3hS5Q9 — Hermetica (@HermeticaFi) May 6, 2024 The new synthetic dollar is designed to increase liquidity and utility to the decentralized finance ecosystem formed around Bitcoin through L1 and…
The U.S. Treasury Department wants to continue beefing up anti-money laundering and counter-terrorist financing efforts around digital assets, as part of its broader strategy to tamp down on illicit financing. The department published its 2024 “National Strategy for Combatting Terrorist and Other Illicit Financing” strategy on Thursday, outlining its priorities for taking on illicit financing. Treasury highlighted its ongoing work around crypto, including sanctions against certain exchanges and groups like Bitzlato and Lazarus, its settlement with Binance and its warnings about pig butchering scams. The annual document lays out how Treasury is looking at illicit finance and what role crypto…
Base is the blockchain with the most significant monthly and weekly perpetual trading volume growth among the 10 largest chains in total value locked (TVL), according to data aggregator DefiLlama. This weekly jump can be attributed to the recently launched perpetual decentralized exchange (perp DEX) JOJO, which has presented a nearly 75% growth in trading volume for the past seven days. Moreover, JOJO dominated 61% of Base perpetual trading volume over the last 24 hours, surpassing $95 million. Jotaro Kujo, JOJO’s co-founder, shared that there are “quite a lot of real users” trading perpetual contracts. “I believe someone is farming…
Quick Take Bitcoin (BTC) had an impressive first quarter in 2024, posting a 69% return and outperforming most traditional asset classes. Despite the launch of BTC ETFs, which many thought would lead to a stronger correlation with traditional finance assets, BTC displayed minimal correlation with major asset classes, using data from a recent Glassnode and Coinbase Institutional report. This suggests its potential as a valuable component for diversification within a portfolio. The report shows that Bitcoin negatively correlated with the DXY index and gold, while its correlation with the S&P 500 was low at 0.11. This suggests that Bitcoin’s price…
General Updates Neo partnered with Fansland,a fan economy platform powered by blockchain and AI, to empower artists and provide consumers with new access to those in the entertainment industry. The partnership’s first initiative will entail sponsoring an event in Bangkok, Thailand, dubbed “the world’s first Web3 music festival,” which will occur later in 2024. Looking forward, Neo and Fansland plan to explore the possibilities of minting tickets to events on the Neo N3 and X blockchains, with tickets represented as NFTs that will offer exclusive holder rights. Neo released information about the progress made in addressing the security breach that…
They had it all planned out. In late 2022, the brothers Peraire-Bueno – twenty-something graduates of a prestigious university who had turned their sights on blockchain – embarked on an effort that ultimately netted them $25 million, in one of the most sophisticated exploits in a decade or so of frequent crypto exploits. At the outset, according to U.S. prosecutors, they outlined a four-step plan. First there was “The Bait.” Then there was “Unblinding the block,” followed by “The Search,” and ultimately “The Propagation.” “In the months that followed, the defendants followed each stage as outlined in their Exploit Plan,”…