Author: NBTC

Bitcoin stands out as a frontrunner in the cryptocurrency industry, with analysts predicting an exponential rise in adoption rates. According to renowned analyst Willy Woo, Bitcoin is on the verge of a monumental leap, expecting to match the Internet’s growth trajectory from 1997 to 2005. What One Billion Bitcoin Holders Means Woo believes this seismic shift in adoption has been brewing for years. For this reason, “1 billion people will own Bitcoin by the end of this cycle,” Woo asserted. He highlighted the digital currency’s accelerated adoption rate, which outpaces that of the early Internet. Given Bitcoin’s accelerating acceptance worldwide,…

CDP Venture Capital has recently launched the Frontech Accelerator, a part of its National Accelerator Network, with technical backing from Algorand and Microsoft. The Algorand Foundation has expressed pride in its role as a technical partner in this new venture. Supported by CDP’s Accelerator Fund and co-investors GELLIFY and Cariplo Factory, the Frontech Accelerator boasts an impressive endowment exceeding €7 million. The program’s primary focus lies in nurturing “frontier” technologies that drive digital transformation across sectors like digital identity, intellectual property authentication, generative AI models, gaming, AR/VR, digital art, and more. The Frontech Accelerator aims to select ten startups annually…

Zeta Markets, a decentralized exchange (DEX) built on Solana, will launch its governance Z token today, according to a statement shared with CryptoSlate. The DEX revealed that the token’s debut aligns with its commitment to “becoming a fully community-centric protocol” and empowers its community members to influence its decisions. Zeta has enjoyed considerable interest and adoption from the crypto community thanks to the rising popularity of the Solana ecosystem. The DEX stated that its monthly trading volumes crossed a new all-time high (ATH) of over $1.2 billion, traded by more than 71,000 monthly active users in March. Data from DeFillama…

Stuart Alderoty, chief legal officer at Ripple, has clarified there is no pretrial conference with the U.S. Securities and Exchange Commission scheduled for Apr. 16, countering some misinformation on social media. The conference will not take place because Ripple CEO Brad Garlinghouse and co-founder Chris Larsen were cleared of all charges by the SEC, Alderoty explains. The two top executives were initially accused of aiding and abetting Ripple in its securities law violations. The schedule item, which was shared by a popular member of the XRP community, is outdated since it was set before the charges were dropped in October.…

Sweden’s tax agency identified irregularities in 18 locally operating companies, finding that they hid their involvement in crypto mining, it said Wednesday. The investigation, which spanned from 2020 to 2023 and focused on data center operations, revealed that they deliberately exploited tax incentives for which they were ineligible. Patrik Lillqvist, head of the agency’s intelligence unit, explained that the companies’ actions constituted an attempt to secure undue tax advantages. In response, the agency is demanding an additional 990 million Swedish krona ($91 million) in taxes, including value-added tax (VAT) and surcharges. The report highlighted difficulties investigators encountered in determining the…

The developer stack that powers Cosmos-based blockchains suits the needs of many protocols developed currently, according to Marko Baricevic. The Ethereum layer-2 blockchain narrative could benefit the modularity work of projects built with the Cosmos software development kit (SDK), says Marko Baricevic, product lead of the Cosmos SDK at Binary Builders. As rollups use Cosmos SDK-based structures like Celestia for data availability, Cosmos might be propelled again into the limelight. “Our approach has never been saying we are better, we try not to compare ourselves,” stated Baricevic. “In the Cosmos stack vision, we are working towards taking advantage of the…

JPMorgan analysts remain bearish on Bitcoin’s near-term future, believing the asset’s current rally is attributable to retail and speculative institutions. Both groups, the bank claimed on March 14, have joined momentum traders like commodity trading advisors in burrowing money into both gold and bitcoin futures. JPMorgan’s Bitcoin Analysis The bank’s analysis is a countertheory to those associating the massive success of Bitcoin spot ETFs with outflows from gold ETFs, believing investors are swapping funds from the latter to the former. Since the start of the year, over $5 billion has flowed out of gold ETFs, while almost $12 billion has…

Shiba Inu (SHIB) is on the cusp of a breakout, however, the current bearish drawdown is further elongating the time frame for this bullish burst. Per data from the crypto analytics platform IntoTheBlock (ITB), the meme coin’s profitability is notably showcasing another basis to project an imminent uptrend ahead. The data showed that the number of profitable addresses, or wallets “in the money,” in the Shiba Inu ecosystem comes in at 902,960 addresses, or 67.23% of the total on the network. Addresses “out of the money” are notably fewer, at 352,190, or 26.22%. Addresses “at the money,” or break-even point,…

Widely circulated court documents concerning the legal case of Ripple and the SEC suggest that both parties could settle within the next 24 hours. In particular, the court document endorsed by District Judge Analisa Torres stated that on April 16, 2024, the legal counsels of the SEC and Ripple must appear for a final pretrial conference in a courtroom in New York. With the conference set for today, anticipation has been building within the crypto community about the potential outcome. In addition, the document specifies that before the scheduled pretrial conference, legal counsels representing Ripple and the SEC must meet…

API3 has unveiled a strategic collaboration with the launch of XLayerOfficial. This collaboration marks a pivotal moment for both entities as they join forces to revolutionize decentralized data provision in the crypto space. The announcement, made public earlier today, outlines API3’s commitment to supporting the builders of XLayerOfficial, signaling a new era of innovation and collaboration within the industry. We’re excited for the launch of @XLayerOfficial and are committed to supporting their builders. 💪API3’s oracle stack will be deployed on X Layer soon, giving developers access to over 160 decentralized data feeds integrated with @OEVNetwork to recapture protocol MEV. pic.twitter.com/nr5lrBMJS1…