Author: NBTC
Venture capital firm Stratos announced a 109% net return for its liquid token fund in the first quarter, attributing the substantial gains to its investments in Solana, Nosana, and the meme coin Dogwifhat (WIF), which alone provided a 300-fold return. The total net value is over 25 times when compared to its second early-stage venture fund. “We’re very pleased to share such high returns with our LPs, who are aligned with our investment philosophy, which is based on investing early and with conviction in high-quality projects with exceptional teams,” said Rennick Palley, founding partner at Stratos. “One aspect of our…
Viral Telegram-based clicker game Notcoin ended its “mining phase” on Monday, as planned, the simple coin-tapping gameplay ending for the time being ahead of the expected token launch and airdrop. Now there’s a target date for the token rollout—and it’s one you might’ve seen lately if you’re following the latest Bitcoin happenings. Notcoin plans to launch its NOT token on The Open Network (TON) on or around April 20, according to a tweet Tuesday. That’s the same date that the Bitcoin halving is currently set to occur, based on estimates. Open Builders, the Notcoin team, had previously teased a connection…
On Thursday, Consensys — the company behind MetaMask — filed a lawsuit against the Securities and Exchange Commission and its Chair, Gary Gensler. There was a lot to digest in the 34-page complaint, which revealed that the SEC is looking into ether’s status and whether or not it should be considered a security. However, another newly revealed detail was hidden in the complaint: The SEC served Consensys with a Wells Notice earlier this month. The Notice tells the receiver that the regulator is looking to bring an enforcement action against them, and outlines what the charges could be. “This is…
5ireChain is excited to announce its latest partnership with Openfabric AI. The platform was developed to make the creation and deployment of AI applications easier for people of all skill levels. It is a perfect fit as 5ireChain continues to work toward a more sustainable, accessible, and innovative world. We’re delighted to announce our partnership with @openfabricai , a platform that makes building and deploying AI applications effortless for everyone. This collaboration marks an important milestone on our journey to creating a more #sustainable, accessible, and innovative… pic.twitter.com/uqN6r6Ih4f — 5ireChain (@5ireChain) April 26, 2024 5ireChain Explores New AI Frontiers with…
A closely followed analyst says that Bitcoin (BTC) is reaching a point in its market cycle that has historically coincided with significant price corrections. In a new video update on YouTube, pseudonymous analyst Rekt Capital tells his 63,500 subscribers that roughly two to four weeks before the Bitcoin halving, when miners’ BTC rewards are cut in half, the flagship crypto asset enters a “danger zone” where it’s prone to price retracements. Says Rekt Capital, “Well, 28 days to 14 days before the halving event gives us a danger zone of some sort. This is a historical danger zone where Bitcoin…
A draft version of an IRS form spread fear and uncertainty across the crypto industry this week, with sections of the document leading some to believe that American DeFi users may soon be required to report their self-custodial wallet addresses to the federal government. Come 2025, the document, Form 1099-DA, will become a mandatory filing for any crypto transaction deemed by the IRS to have sourced from a broker. What exactly that means is still unclear. Crypto exchanges will all but certainly be considered brokerages by the IRS; in November, crypto lobbying groups expressed concern that the tax enforcer could…
Data Ownership Protocol (DOP) announced today the successful raise of $162 million in its pre-launch token sale. Users from Ethereum Virtual Machine-compatible networks might choose which assets they display on DOP’s solution, addressing the issue of excessive transparency on public blockchains, and the protocol’s mainnet is set to launch on May 2024. The protocol also conducted an incentivized testnet run, registering 2.7 million users who became eligible to claim DOP tokens on Mar. 29, according to an X post. Moreover, DOP shared in the announcement its commitment to regulatory compliance, as it positions itself as a pro-regulation entity, ready to…
The U.S. Department of Justice pushed back against Tornado Cash developer Roman Storm’s motion to dismiss a criminal indictment against him. Tornado Cash was a money transmitting business, and the DOJ said it expects its evidence to support the charges, a Friday filing said. The U.S. Department of Justice rebuffed Tornado Cash developer Roman Storm’s motion to dismiss criminal charges on Friday, saying the defense filing presented disputed facts that a jury should weigh in on, rather than arguments that fit an early-stage motion. The DOJ charged Storm, alongside fellow developer Roman Semenov, with conspiring to commit money laundering, conspiring…
In a significant move to enhance understanding and promote responsible innovation within the Web3 space, Hedera, in partnership with the Blockchain Foundation, has announced the launch of an Education Learning Briefing Series. This initiative, designed to explore critical aspects of responsible innovation, is set to unfold across several U.S. cities including Washington, DC; Boston, MA; Columbus, OH; and Anaheim, CA. The series will emphasize the interconnectedness of the burgeoning Web3 ecosystem with traditional financial systems, aiming to highlight the collaborative efforts needed to foster a secure and prosperous digital future. This educational endeavor aligns with the goals of the bipartisan…
London’s wealthiest residents are opting to pay their rent using cryptocurrencies, following the asset class’s soaring mass appeal in recent months. According to a report by CityAM, affluent residents in the UK’s capital city are opting for digital currencies to pay landlords, and one real estate company describes the trend as “a step into the future.” Aware of the growing trend, real estate firm Knightsbridge Prime Property confirmed a partnership with virtual currency service provider Bitcashier to facilitate rent payments using the asset class. According to the report, other property firms in the region are shopping for similar deals with…