Author: NBTC
Tether, the issuer of stablecoin USDT, said Monday that it invested $200 million to acquire a majority stake in brain-computer interface company Blackrock Neurotech via its venture capital division Tether Evo. Blackrock Neurotech develops medical devices that are powered by brain signals and aims to help people impacted by paralysis and neurological disorders. The technology firm is not related to the asset management giant BlackRock. The investment will fund the roll-out and commercialization of the medical devices and also for research and development purposes, the press release said. Tether is the company behind USDT, the largest stablecoin with a market…
Cryptocurrency analysis company Layergg has published the top six altcoins to watch for April. Jito (JTO) Jito, a new project in the Solana ecosystem, is currently undervalued compared to its peers PYTH and JUP, according to the analytics company. Many projects are preparing for token launches this month, including Wormhole, Parcl, Zeus Network, Kamino Finance, Ionet, Tensor and Drift protocol. Combining features of Lido and Flashbots, Jito is considered one of the best LSTs in Solana. Ethena Labs (ENA) According to the analysis company, Ethena Labs is being launched as the “Anchor x Luna” of this cycle with the high…
The leading Ethereum decentralized exchange, Uniswap, contributes substantially more volume to layer 2 blockchains compared to the activity seen two years ago. The decentralized exchange (DEX) accounts for around 37% of the total trading volume on layer 2 while running atop crypto’s second-largest blockchain, Ethereum (ETH). 21.co researcher Tom Wan noted that the platform’s L2 volumes experienced more than 650% growth in 24 months, increasing from around $4 billion in 2022 to over $30 billion this year. The analysts added that this trend could strengthen even further if more quality protocols launch on layer 2 networks like Arbitrum, Coinbase’s Base,…
Layergg, a famous cryptocurrency analysis company, recently shared its views on the Fear, Uncertainty and Doubt (FUD) factors currently affecting the crypto market. The company also revealed potential bullish catalysts that could shape the market in the near future. Layergg pointed out a few FUDs that emerged after the Bitcoin halving: Rumors that Ethereum spot ETF will be rejected in May. The USA requests a 36-month prison sentence for CZ. Mt. Gox’s $9 billion Bitcoin refunds. Possible delays in interest rate cuts. The SEC issued a “Wells Notice” to ConsenSys. DTCC “haircut” FUD. Forbes’ list of the 20 biggest ‘Zombie…
France will serve as BCB’s regulatory base in Europe. The payments firm has been authorized as an Electronic Money Institution and Digital Assets Services Provider. Jerome Prigent was appointed as MD of BCB Europe in December to drive the company’s expansion into the region. BCB Group, a payments processor that links crypto firms to the banking system, plans to expand in Europe following regulatory approval in France, the company said in a press release on Monday. BCB has been authorized by the ACPR and the AMF, the country’s two primary financial regulators, to act as an Electronic Money Institution (EMI)…
The Solana-based meme coin, Dogwifhat (WIF), continues its remarkable upward trajectory, entering the top 30 cryptocurrencies by market cap. This achievement follows a week of extraordinary growth, propelling WIF to secure its position as one of the top three meme coins, trailing behind Dogecoin and Shiba Inu. Dogwifhat Enters Top 30 Cryptos In the past 24 hours, WIF saw a notable surge, jumping over 7% to reach $4.68, pushing its market cap to $4.48 billion. This milestone propelled the meme coin to the 29th position among cryptocurrencies by market capitalization, surpassing Ethereum’s Layer 2 network Arbitrum’s $4.39 billion and closely…
Last week Paypal released a whitepaper in partnership with Energy Web and DMG Blockchain Solutions, describing a “Green Mining Initiative” intended to redirect fees from participating users specifically to certified miners powering their operations with renewable energy. I can’t say I’m surprised by this honestly, mining has at this point become very normalized in terms of its use to further renewable energy or climate goals. Mining is actually very suited to this task given its nature, miners are mercenaries looking for the cheapest energy possible to devote towards solving the next block. If you have stranded power, or excess power,…
Australia’s pension market may boost Bitcoin ETF inflows. The Australian Securities Exchange (ASX), Australia’s primary securities exchange, is expected to list the first spot Bitcoin exchange-traded funds (ETFs) on its main board by the end of 2024, Bloomberg reported today, citing anonymous sources close to the matter. As a key player in Australia’s capital markets, ASX handles about 80% of equity trading, said Bloomberg. Issuers like VanEck and BetaShares are lining up for listings on the exchange. Justin Arzadon, head of digital assets at BetaShares, told Bloomberg that the US massive inflows “prove digital assets are here to stay.” He…
Motoko Sentinels, a new ordinal collection that launched on the Bioniq Marketplace, saw its trading volume increase following the Bitcoin halving, despite the high trading volumes immediately following the event. Although total ordinal volume had decreased by over 58% the day following the Bitcoin halving due to high network fees, the Motoko Sentinel collection saw its trading volume increase by 20%. Kyle Langham, the director of data and analytics at DFINITY, told Blockworks that this is because the Bioniq marketplace operates on the Internet Computer Protocol (ICP). This network, which is natively integrated with Bitcoin, can maintain lower transaction costs…
Bitcoin analyst Willy Woo has presented a model that forecasts the cryptocurrency industry reaching its first billion users by the end of 2025. On track for 1 BILLION crypto users by the end of 2025.An extrapolation of many independent prior studies in this chart.Binance estimates 65% of crypto users hold #Bitcoin pic.twitter.com/MBNc34PFuh — Willy Woo (@woonomic) April 29, 2024 This prediction, detailed in a chart by Woo, represents a significant milestone in mainstream crypto adoption, indicating a potential major influx of capital and subsequent price appreciation for digital assets. Current user trends and growth potential The industry has witnessed a…