Author: NBTC

Changpeng Zhao, Binance cofounder and its former chief executive, frequently known in the cryptocurrency community as CZ, has taken to social media to highlight the rebranding of Binance Labs. CZ also stated that there will be “new leadership,” which at the same time will be “old one.” CZ will take an active advisory role. Binance Labs rebranding For the second time this week, Changpeng Zhao has spread the word about Binance Labs rebranding to YZi Labs with top executive Ella Zhang, who took an active part in founding the initial company, returning as the head of the new, rebranded one.…

OpenLoop, a popular wireless, decentralized network to improve internet service, is partnering with Neova Protocol, an innovative platform for the management of decentralized data. The partnership targets to establish the security, user-centricity, and scalability in the digital environment. The platform took to its official X account to provide the details of this collaboration. OpenLoop is thrilled to announce our partnership with @Neova_Protocol! Neova is at the forefront of transforming data management with its cutting-edge DePIN protocol, bridging the gap between Web2 and Web3. Their decentralized storage infrastructure emphasizes scalability,… pic.twitter.com/zvgUP2xHNu — OpenLoop (@openloop_so) January 23, 2025 OpenLoop and Neova Protocol…

Asset management firm Fidelity Investment’s Fidelity Digital Assets increased its Bitcoin holdings on Wednesday, purchasing 4,661 BTC worth approximately $463 million. The accumulation came after the Fidelity asset management firm initiated several BTC sell-offs, including one earlier this week worth 1,210 BTC and another at the end of last year worth 2,140 BTC. A Santiment report has also indicated a growing confidence among BTC whales, leading to more BTC accumulation. The report suggested that BTC accumulation in wallets with more than 10 BTC is increasing. Santiment explained that the spike came after a stagnation since mid-December. The report also mentioned…

Konstantin Lomashuk, the founder of the Lido staking protocol, has shut down rumors that he has created a second Ethereum Foundation. The address follows reports that Lomashuk had hinted at creating the organization. Decentralized finance developers continue criticizing the Ethereum Foundation’s sluggish response to problems affecting the core network. In an X post, Lomashuk reiterated that Ethereum is still the “ultimate world computer.” “If a second foundation ever does form, it must have a clear purpose that complements the enormous work of current contributors,” the LidoDAO founder explained. Lomashuk’s comments have come in the wake of Ethereum co-founder Vitalik Buterin’s…

UTXO Management, in collaboration with Sora Ventures and others, has acquired 70.26% of HK Asia Holdings Limited (1723.HK) on the Hong Kong Stock Exchange. The transaction positions the new control group to rebrand the company as Moon Inc., reflecting an emphasis on Bitcoin, Web3 initiatives, and other financial technology ventures. Following the news, the stock is the second-best-performing equity on the Hong Kong stock exchange. Tyler Evans, Managing Partner at UTXO Management, the sister company of Bitcoin Magazine under BTC Inc., stated that this move highlights a strategy to leverage Hong Kong’s role in global markets. Sora Ventures Founder Jason…

Data shared by the popular crypto tracking service Shibburn reveals that during the past 24 hours, the Shiba Inu community has disposed of a large number of meme coins, pushing the burn rate up four digits. Meanwhile, the SHIB price has failed to follow this drastic surge. SHIB burns surge 5,785% The data source mentioned above has reported that since last morning, as a result of the Shiba Inu community’s efforts, the burn rate of the second largest canine-themed cryptocurrency SHIB has seen a massive increase of more than 5,785%. Thanks to several transfers, a total of 3,244,007 SHIB meme…

Elon Musk is now the sole leader of the Department of Government Efficiency (DOGE) after biotech entrepreneur Vivek Ramaswamy stepped down to pursue a gubernatorial campaign in Ohio, officials said Monday. Ramaswamy co-founded DOGE with Musk in November 2024 as part of President Donald Trump’s “Save America” initiative to cut government waste, reduce regulations, and restructure federal agencies. His departure leaves Musk, a vocal advocate for cost-cutting, at the helm of the extra-governmental initiative. “Vivek Ramaswamy played a critical role in helping us create DOGE,” spokesperson Anna Kelly said in a statement cited by the Associated Press. “He intends to…

Bitget, the leading cryptocurrency exchange and Web3 company has released its 2024 transparency report highlighting one of the most successful years the company has experienced since its launch in 2018 emerging as the second-largest exchange ecosystem by user base. Driven by innovation, strategic business decisions and a strong demand for trustworthy platforms have pushed the ecosystem to expand beyond expectations. The platform experienced a surge in its user base, expanding from 20 million in January to over 100 million in December—an extraordinary growth of 400%. This expansion was matched by significant advancements in trading activity, with daily volumes doubling to…

ZIGChain and Nomad Fulcrum have inked an MOU to collaborate in integrating blockchain and real-world asset tokenization. This partnership aims to expand access to tokenized assets and bring long-term investment solutions to more people. Nomad Fulcrum is an expert in using artificial intelligence (AI) in the management of tokenized assets. Low risk has been recorded with a 27% return in 2024. By integrating with ZIGChain, the vision is to increase liquidity and provide equal opportunities to RWAs to wealth managers and individual investors. 🤝 @nomadfulcrum and ZIGChain enter into an MOU to expand access to RWAs and sustainable yields on…

In a significant development within the cryptocurrency market, more than 170,000 Ethereum (ETH), valued at over $544 million, have been transferred to crypto exchanges in the past 72 hours. This surge in Ethereum deposits, tracked through on-chain data from @santimentfeed, has sparked a wave of speculation and concern regarding the future price movements of the cryptocurrency. Over 170,000 #Ethereum $ETH, valued at more than $544 million, have been transferred to crypto exchanges in the past 72 hours, as shown by on-chain data from @santimentfeed. pic.twitter.com/QKOvkl56lh — Ali (@ali_charts) January 23, 2025 According to the data, Ethereum has seen a noticeable…