Author: NBTC
Cathie Wood’s ARK Invest divested over $24 million in Coinbase (COIN) stock this Monday, just as Bitcoin edged closer to its all-time highs. Consequently, Coinbase’s stock dipped 5.2% to close at $216.77 on Tuesday. Cathie Wood’s Ark Invest Sells Off Coinbase Stock ARK offloaded 110,896 shares in a deal worth approximately $24.03 million through the following funds: ARK Innovation ETF (ARKK) ARK Next Generation Internet ETF (ARKW) Ark Fintech Innovation ETF (ARKF) In response to the market’s bullish trend, Wood began reducing her stake in Coinbase. Specifically, the ARKK’s holding of Coinbase shares has almost halved since October 2023. The…
Bitdeer, a pioneering company in Bitcoin mining and AI cloud solutions, has developed a highly efficient Bitcoin mining chip. This chip delivers exceptional power efficiency, significantly boosting Bitcoin mining performance while minimizing power consumption. Bitdeer asserts that the chip will empower the Bitcoin mining community to capitalize on opportunities following the April Bitcoin halving event. Bitdeer Flexes Newest Bitcoin Mining Chip In a recent post on X (formerly Twitter), Bitdeer recognized the imminent challenges awaiting Bitcoin miners. It addressed the upcoming Bitcoin halving in April, which may temporarily reduce miners’ profitability. Bitdeer touted the SEAL01 chip’s efficiency, “The SEAL01 was…
The recent developments in the AI industry have significantly contributed to the tech industry in many ways. The recent use of this cutting-edge technology in detecting crypto exploitation is another such instance, highlighting the potential benefits of this sector in daily life. Although the crypto market has been going through a lengthy downturn, the exploiters have not stopped their activities. AI-Driven System Spots Crypto Exploitation on WOOFi Throughout recent years, such malicious actors kept on advancing their techniques and the use of technology. As per the reports, the methods that such people use have kept on evolving with time. Because…
The SEC alleged Binance.US was not abiding by the terms of a consent order in its case against the U.S.-based crypto exchange and its global parent. Binance.US did not prove to the SEC’s satisfaction that Binance global employees did not have access to U.S. customers’ assets, the regulator said. Binance.US said in the same filing that it had answered all of the SEC’s questions, and further requests for discovery were exceeding the consent order’s limitations. Cryptocurrency exchange Binance.US is not fully complying with the Securities and Exchange Commission’s requests for information about its customers’ assets and other matters, attorneys with…
HYTOPIA, previously known as NFT Worlds, has unveied its HYCHAIN node sale. This sale, marking the launch of their Layer-2 blockchain, invites the global gaming community to actively engage in securing and enhancing the game’s blockchain while earning rewards.—HYTOPIA’s vision of revolutionizing the Minecraft experience through blockchain technology has gained significant traction. The free-to-play model, coupled with an immersive in-game marketplace, has attracted over 1.1 million players worldwide. Unlike traditional gaming platforms, HYTOPIA leverages Web3 functionalities to introduce player-driven economies and real ownership of in-game assets, elevating the gaming experience to new heights.Powered by Arbitrum Anytrust Layer-2 technology, HYCHAIN ensures…
Nigerian blockchain lobby group has said the government’s decision to block access to crypto trading like Binance, Kraken and Coinbase will not “help Nigeria build the much-needed trust and confidence in the financial system.” The advocacy group also said the Nigerian Communications Commission’s directive to telecommunication companies may not be consistent with the “norms of a democratic society.” Nigerian Government’s Actions Could Push Crypto Activities Underground The Nigerian government’s decision to block access to cryptocurrency trading platforms, including Binance, Kraken, and Coinbase, will not “help Nigeria build the much-needed trust and confidence in the financial system,” a blockchain advocacy group…
Injective, in collaboration with DojoSwap, is proud to announce the launch of the groundbreaking CW20-reflection standard, marking a significant milestone in the evolution of token development. The innovative standard introduces unprecedented flexibility for developers, paving the way for a diverse range of applications within the Injective ecosystem and beyond. The CW20-reflection standard is a testament to Injective’s commitment to innovation, offering a new toolkit for creating tokens that can engage users in novel ways and foster a more vibrant DeFi landscape. Revolutionizing token creation with CW20-Reflection The CW20-reflection standard is designed to enable the creation of new token types that…
Japan’s Daiwa Securities has decided to acquire a 10% ownership stake in Singapore-based crypto startup Penguin. In a press release Monday, Daiwa cited a growing trend of affluent individuals and institutional investors investing more in the crypto market. The Japanese financial services firm said Penguin Securities is currently seeking regulatory approval for dealing in crypto and offering broker-dealing services related to capital market products. Meanwhile, another subsidiary of Penguin intends to specialize in providing crypto derivatives. Daiwa to Bolsters Penguin’s Crypto Exchange Ambitions Through the partnership, Daiwa will offer Penguin its expertise in high-net-worth businesses and financial support. In return,…
TeraWulf Inc., a prominent player in environmentally sustainable Bitcoin mining, is poised to undergo a significant expansion at its Nautilus facility in Pennsylvania. This expansion reflects the company’s strategic vision and growth trajectory within the industry. TeraWulf Inc. announced its ambitious plans to bolster operations at the Nautilus facility and double its bitcoin mining capacity to 100 megawatts (MW) by 2025. This expansion endeavor, slated to be operational by 2025, is expected to elevate the facility’s capability to handle up to 2.5 exahashes per second (EH/s) of mining capacity. This decision underscores it unwavering dedication to scaling its operations while…
In a significant development for the blockchain industry, Nansen, a leading blockchain analytics provider, has announced a partnership with Mantle Network, an innovative Layer-2 technology built on Ethereum. This collaboration is set to revolutionize the way developers, investors, and community members understand and interact with blockchain data through the introduction of a Macro Data Dashboard and enhanced integration of blockchain insights across various platforms. The newly unveiled Macro Data Dashboard is a testament to the capabilities of both Nansen and Mantle Network, offering users an extensive overview of blockchain market dynamics and operations. By leveraging more than 300 million on-chain…