Author: NBTC
U.S. Representative Maxine Waters (CA-D), a formidable force in U.S. politics, has long been a key figure in the financial regulation landscape. As the former Chair of the House Financial Services Committee (HFS) and the current ranking member, Waters is known for her cautious and critical approach to cryptocurrency, often emphasizing the need for strict regulation to protect consumers and maintain financial stability. In the wake of the 2022 crypto contagion season marked by the FTX scandal, a crypto bear market and several industry bankruptcies, Waters called for greater scrutiny and control by regulators and Congressional oversight committees. However, this…
ELFi Protocol, a decentralized derivatives trading platform, has announced its expansion to Arbitrum, marking a significant advancement in its growth strategy. The announcement, made through the platform’s official Twitter account, reflects ELFi’s commitment to broadening its reach and enhancing its offerings to users worldwide. 🎉 Exciting Announcement: @ELFiProtocol now supports #Arbitrum! 🚀🧚 https://t.co/P0rf43NrIH 🧚This marks another significant milestone for ELFi, following strategic investments from IDG Capital and Kucoin Ventures in May 2024.As a decentralized derivatives trading platform,… pic.twitter.com/DJY45PPFEk — ELFi Protocol (@ELFi_xyz) August 28, 2024 According to the firm’s report, this expansion follows strategic investments from IDG Capital and Kucoin…
In a significant development in the tech industry, decentralized compute network io.net has announced a groundbreaking partnership with Chainbase, an AI-specialized omnichain data network. This collaboration aims to push the boundaries of artificial intelligence (AI) and blockchain technology by combining their respective strengths to create a robust decentralized AI and data stack. A Strategic Alliance for Decentralized AI Advancements The partnership between io.net and Chainbase is set to explore several synergies, with a shared objective of advancing AI modeling and enhancing the efficiency of blockchain-based systems. At the core of this collaboration is Chainbase’s crypto world model, Theia, which is…
According to the latest data collected on Aug. 16, 2024, the 12 spot bitcoin exchange-traded funds (ETFs) collectively hold around 910,153.83 BTC, which translates to over $53 billion at the current exchange rates. Leading the pack is Blackrock’s IBIT, holding the largest portion with 38.34% of the total BTC. 12 Spot Bitcoin ETFs Close in on Holding 1 Million BTC The 12 U.S. bitcoin ETFs have scooped up a substantial portion of the circulating BTC, absorbing hundreds of thousands of coins since Jan. 11, 2024. It’s noteworthy that Grayscale’s GBTC had already amassed a significant amount of BTC before evolving…
The events that marked this weekend included the arrest of Telegram and Toncooin (TON) founder Pavel Durov in France, while the $94 million sale made by the Ethereum Foundation came second. Ethereum Foundation (EF) Executive Director Aya Miyaguchi said that the $94 million transfer of 35,000 ETH was not a full-fledged sale, but was part of routine treasury management activities required to fund the foundation’s annual budget. While the ETH Foundation’s $94 million transfer continues to be talked about, blockchain platform Arkham Intelligence compared past ETH sales. Drawing attention to the sales he made in 2020 and 2021, Arkham stated…
Web3 Foundation and Parity Technologies, key players in the Polkadot ecosystem, have disclosed their financial independence from the network’s on-chain treasury. The CEOs of the two companies revealed their “significant financial runway” after recent reports raised concerns about the blockchain’s financial health. Parity Technologies is the blockchain infrastructure behind Polkadot, and the Web3 Foundation supports the network’s growth through funding and research. Financial independence Fabian Gompf, CEO of Web3 Foundation, clarified that the foundation has over five years of financial runway without selling DOT tokens. Gompf further dismissed the concerns about the treasury as misleading, noting that “the treasury has…
Michael Chobanyan, founder of KUNA, claims Ukraine’s central bank has effectively “killed” the local cryptocurrency market, prompting him to shift his focus to Europe. According to Michael Chobanyan, founder of the KUNA crypto exchange, the crypto market in Ukraine is dead rather than alive. In an interview with Ukrainian news media Delo.ua, Chobanyan blames the National Bank of Ukraine for effectively “killing” the local crypto market. He criticized the central bank’s restrictive policies, which he claims have devastated the industry. The founder described the current state of the Ukrainian crypto market as devastating, attributing the decline to the national bank’s…
Bitcoin is poised to cement its reputation as digital gold, some analysts say, but that rally could come at a significant cost to the U.S. economy. A weakening U.S. dollar could be a catalyst for Bitcoin to reach new all-time highs, according to Zach Pandl, Managing Director of Research at Grayscale Investments. Pandl sees the U.S. dollar on the verge of a significant decline. “There are long-term macro trends that will play out regardless of who takes the White House in November,” he said, referring to the presidential race between Vice President Kamala Harris and former President Donald Trump. Pandl,…
Ethereum now has 34M ETH staked with 1.06M active validators, showing continued growth and strong participation in the network’s PoS model. Ethereum has seen a steady increase in the amount of staked ETH on its network, recently reaching 34,015,088 ETH, according to recent data. Notably, there are 1,062,985 active validators spread across the network, each contributing to maintaining Ethereum’s decentralized system. The average balance per validator stands at 32.06 ETH, which meets the minimum threshold for staking. The consistent upward trend in staked ETH, visualized by a gradual slope in the data, indicates strong participation from stakeholders. Notably, this growth…
Charles Hoskinson endorses Swiss bank Post Finance for adding Cardano and other cryptocurrencies to its trading and custody services, sparking mixed reactions. Charles Hoskinson, founder of Cardano, recently endorsed Post Finance, a Swiss government-owned bank, on social media. He highlighted Post Finance’s early support during his Ethereum days and their recent expansion of cryptocurrency services to include Avalanche, Cardano, Polkadot, XRP, and Solana for trading and custody. Fun Fact: when I was at Ethereum, Postfinance was actually one of our first banking partners. They were always nice and easy to work with. https://t.co/w9jCTXDeeH — Charles Hoskinson (@IOHK_Charles) July 1, 2024…