Author: NBTC

Michael Saylor has made a lot of predictions during his career. And because he became a billionaire in the process, many assume that his forecasts are generally accurate. For example, Bitcoiners applauded his support for — and multi-billion dollar purchases of — bitcoin. He invested at the right times and prices and has earned billions in profit. So when Saylor decided to place a bet on the future of Ethereum, millions listened. Unfortunately, Saylor got all of his predictions about Ethereum totally wrong. First, he predicted that the SEC would classify Ethereum as an unregistered security. At his corporate conference…

The Qtum Foundation recently announced the deployment of 10,000 GPUs to support its new blockchain AI ecosystem. This strategic move marks a significant transition for Qtum, shifting its focus from cryptocurrency mining to AI operations. Miguel PALENCIA, Qtum’s Chief Operating Officer and Co-Founder, in discussing Qtum’s vision for AI and blockchain integration, underscores the transformative potential of AI, drawing parallels with past disruptive technologies such as the internet and cryptocurrency. However, he also acknowledges the ethical considerations surrounding AI development and the importance of adopting open-source and decentralized approaches to mitigate risks. Qtum Quantum AI initiatives are poised to revolutionize…

Organizers of Stand With Crypto say the advocacy group is directing a wave of crypto-interested voters toward shifting digital assets policy in the U.S. In about 10 months since launching, the organization has gathered millions in donations and also started its own political action committee to influence individual races. Stand With Crypto, a digital assets advocacy group backed by Coinbase Inc., said it signed up its first million members as of Wednesday. The rapidly growing online band of crypto boosters maintains grades on U.S. politicians (as Coinbase once did), sets up public events to highlight digital assets issues and has…

Asset manager VanEck projected the Ethereum (ETH) at $22,000 by 2030, according to a recent report. This represents a 487% increase from current levels, and VanEck bases its forecast on Ethereum’s anticipated generation of $66 billion in “free cashflows.” The report puts a heavy weight into Ethereum’s stablecoin landscape, as the blockchain settled $4 trillion in stablecoins over the past year, along with the facilitation of $5.5 trillion in these tokens. Additionally, the stablecoin market cap in Ethereum is at over $91 billion. “Compared to Web2 applications, Ethereum ($3.4B) generates more revenue than Etsy ($2.7B), Twitch ($2.6B) and Roblox ($2.7B)…

Shiba Inu partner K9 Finance confirms the approval of key governance proposals to enhance its ecosystem and ensure its growth and sustainability. K9 Finance, the designated liquid staking partner of the Shibarium blockchain, recently confirmed the passage of four governance proposals after a significant participatory vote by the KNINE community. The governance results, recently spotlighted by the K9 Finance decentralized autonomous organization (DAO) in a post on X, indicate remarkable support for the initiatives. All four proposals received substantial backing from the community. The proposals include changes to the tax structure on KNINE tokens and the approval of budgets for…

One of the top promoters in the Forcount crypto ponzi scheme – a Brazil-based scam that bilked Spanish-speaking investors around the world of a collective $8.4 million – has pleaded guilty to his role in the operation, federal prosecutors announced Wednesday. Juan Tacuri, 46, of Florida, pleaded guilty to one count of conspiracy to commit wire fraud in the Southern District of New York (SDNY), a charge which carries a maximum sentence of 20 years in prison. Tacuri also agreed to forfeit nearly $4 million back to his victims, as well as real estate purchased with victim funds as part…

Bitcoin traders have set a new record for BTC futures positions, with open interest surpassing $37.7 billion. The surge in open interest coincides with record inflows into spot bitcoin ETFs and a bullish long-short ratio, indicating positive market sentiment and expectations for bitcoin to reach new all-time highs in the coming weeks. Bitcoin (BTC) traders have now placed the highest-ever positions on BTC-tracked futures in the asset’s history as open interest crept over $37.7 billion late on Thursday, setting a new record. This eclipsed a previous peak of just under $37 billion in mid-March when bitcoin recorded fresh highs of…

In recent trends observed within the cryptocurrency market, Ethereum has seen a notable increase in accumulation activities, as indicated by data from CryptoQuant’s QuickTake platform. The platform has highlighted a consistent growth in the balance of Ethereum held by addresses owning between 10 to 100,000 ETH. This trend suggests a bullish sentiment among mid to large-scale holders, despite the market not immediately reflecting these movements in Ethereum’s price. The ongoing accumulation of Ethereum, particularly in wallets classified within specific holdings ranges, has persisted without signs of abatement. This pattern raises questions about the potential latent impact on Ethereum’s market value…

The Telos Foundation, known for its influential contributions to blockchain technology, announced today at TOKEN2049 in Dubai its strategic partnership with Ponos Technology, a leading firm specializing in Zero Knowledge Proof (ZKP) research and development. This collaboration is set to pioneer the development of an end-to-end optimized, hardware-accelerated Ethereum Layer 2 (L2) network, leveraging Telos’s proprietary technology, SNARKtor, a decentralized recursive proof aggregator. Leveraging hardware and software synergy The initiative will adopt a hardware-software co-design approach, which is crucial for achieving the scale of performance required for Ethereum’s massive user base. Ponos Technology brings its expertise in ZK proving solutions,…

On Wednesday, the US Financial Services House Committee held a hearing titled “Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets.” The hearing aimed to assess the need for more regulations to support the tokenization of real-world assets (RWA) and derivative products. Diverse Opinions Emerge on Blockchain Use in Traditional Finance Notable individuals from a range of professions participated during the hearing. Carlos Domingo, the Co-founder and CEO of Securitize, and Robert Morgan, the CEO of the USDF Consortium, represented the real-world assets tokenization industry. From the financial markets, Lilya Tessler, a Partner at Sidley Austin LLP,…