Author: NBTC
Shenzhen-headquartered telecommunications equipment company Coolpad Group has announced the purchase of $13.5 million worth of crypto mining rigs. Coolpad Group, a public Chinese telecom provider listed on the Hong Kong Stock Exchange, said in a regulatory filing it has allocated over HK$106 million (around $13.5 million) to purchase Bitcoin mining rigs as the firm now “actively pursues opportunities in web 3.0 digital currency business.” As per the document, Coolpad plans to acquire 2,700 crypto mining rigs from Hong Kong-based JingYun Intelligent Technology Limited, with deployment slated for North America. The document doesn’t specify the manufacturer of the equipment. This investment…
Fhenix, a prominent layer 2 platform that uses FHE cryptography to let Ethereum developers, has started a new collaboration. As per the platform, it is joining forces with Privasea (a top player in FHEML-centered AI+DePIN computing) to advance secure AI app development using the FHE technology. The company shared a comprehensive blog post disclosing the details of the partnership. Fhenix and Privasea Collaborate to Improve the Safe AI App Development The company noted that a great data amount regularly moves online, pointing toward the requirement for technologies regarding data privacy. In addition to this, the requirement to secure digital sovereignty…
At this moment, Tesla’s Elon Musk holds the title of the wealthiest individual on the planet, as reported by the Forbes Real Time Billionaires list on June 1, 2024. However, there exists a potential future where Bitcoin’s creator, Satoshi Nakamoto, could surpass Musk’s fortune. Given the current value of BTC, the price would need to increase by just 210% for the anonymous creator of Bitcoin to become the wealthiest person globally. Could Bitcoin’s Creator Overtake Elon Musk? A 210% Bitcoin Increase Holds the Answer Elon Musk is a prominent business magnate, investor, and entrepreneur renowned for his transformative impact on…
Today, it was claimed that the amount of FDUSD stablecoin deposited to Binance’s OMNI Launchpool far exceeded the known supply of FDUSD. Binance’s latest OMNI Launchpool showed a staggering $6.37 billion worth of FDUSD deposited. This attracted attention as the token’s reported market cap is just under $4 billion. First Digital Labs, which issued the FDUSD stablecoin, stated that the token was issued only on Ethereum and Binance Smart Chain. The token supply on Ethereum is currently $3.8 billion while on BSC it is $180 million. This discrepancy indicated that approximately $2.4 billion worth of FDUSD, which currently “does not…
Core has officially announced the addition of Joyride Games to its ecosystem, marking a significant expansion in its gaming offerings. Joyride Games, renowned for hits like Solitaire Blitz, Trickshot Blitz, and Carrom Blitz, has become part of the Core family, promising to elevate the gaming experience for its community. This integration reflects a strategic alignment with Core’s robust security and seamless integration capabilities, which are essential for smoothly onboarding decentralized applications (dApps) and games. https://t.co/mzYymAuEHc — Core DAO 🔶 (@Coredao_Org) June 13, 2024 Joyride Games is a prominent name in blockchain gaming, facilitating over 65 million blockchain transactions. By joining…
Immutable, a prominent platform operating on Ethereum to develop Web3 games, has announced an exclusive launch. As per the company, it is launching a popular Web3 anime brand Devomon on its platform powered by Polygon (an L2 scaling solution operating alongside Ethereum). Immutable took to its official account on the social media platform X to explain the endeavor. 🌟 @OfficialDevomon is launching on Immutable zkEVM, powered by @0xPolygon!Devomon brings experience from the likes of @Nintendo and @Crunchyroll and has raised over 3.5M in funding to bring their innovative anime-themed mobile game to life! Devomon allows players to embark… pic.twitter.com/2cvIJPoua5 —…
A veteran trader with a history of several accurate macro crypto calls is revealing what he thinks could be the maximum upside price target for Bitcoin (BTC) this market cycle. Pseudonymous trader Dave the Wave shares with his 146,000 followers on the social media platform X a chart using his version of the logarithmic growth channel (LGC) curve, which aims to predict Bitcoin’s longer-term cycle lows and highs while filtering out shorter-term volatility. According to the trader, his LGC model is suggesting that Bitcoin’s current market cycle could peak out somewhere around a maximum of 3x above current prices, or…
Composable Foundation, a base layer linking applications and chains across diverse ecosystems, has announced an exclusive move. The company has disclosed that it has launched the earliest link between the Inter-Blockchain Communication Protocol and Solana to offer exclusive cross-chain opportunities. The respective project permits the consumers to conduct cross-chain transfers. 💥 @solana goes interchain!@Picasso_Network is launching the first Solana IBC connection – unifying the Solana ecosystem with the interchain.IBC expanding to Solana enables one of the most innovative DeFi ecosystems to seamlessly interoperate with other IBC-enabled chains. pic.twitter.com/Iwv2zAn33P — Cosmos – The Interchain ⚛️ (@cosmos) April 15, 2024 Composable Introduces…
Blockchain services provider STORM Partners made a major announcement during the Web3Fest, along with Cardano (ADA), MultiversX, and other major projects in the crypto space. During the event in Switzerland’s “Crypto Valley,” the company unveiled “Lightningbox,” a new Web3 Sandbox, and relocated its headquarters from Montreux to Geneva. The initiative aims to enable large enterprises in Europe to harness the potential of blockchain technology and lead their digital transformation efforts. STORM Partners Joins Cardano (ADA) To Accelerate Blockchain Adoption The Lightningbox initiative seeks to facilitate the widespread adoption of blockchain by establishing a trusted environment equipped with institutional-grade tools. This…
In crypto, where most histories are reduced to one-liners, the tale of the Runes protocol—an optimized framework for creating meme coins on Bitcoin—goes something like this: It started with a bang and faded out, just as fast, with a whimper. Barely a month has passed since Runes’ blockbuster debut alongside the Bitcoin halving in April; and yet, the protocol’s subsequent failure to meet lofty benchmarks has led many to write the whole endeavor off as a misfire. But could growing institutional excitement for Runes in East Asia signal a possible second act for the budding protocol? While mainstream chatter around…