Author: NBTC

Bitcoin miner Riot Platforms reported a net loss of $84.4 million for the second quarter, compared to a net loss of $27.4 million during the same period last year. Despite the financial setback, the company reported $70.0 million in revenue for the quarter, down slightly from $76.7 million in the prior year. The results reflect a challenging environment following the Bitcoin network’s recent ‘halving’ event. Riot Platforms’ loss per share for the three months ending June 30 stood at $0.32. Q2 results The firm’s net loss was driven by a $76.4 million decrease in the fair value of Bitcoin, a…

As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency’s latest performance suggests it might approach a triple top, potentially exceeding $90,000. However, reaching the six-figure mark will be a significant psychological challenge, and it may fall short of the desired $100,000 milestone. The Six-Digit Round Number — The Psychology Behind $100,000 In 2024, bitcoin (BTC) has once again astounded the financial world by shattering its 2021 high of $69,000 and setting a new record at $73,737 in mid-March 2024. Yet, the road ahead…

Barcelona, Spain – Node Capital, a pioneering Web3 venture fund, has unveiled a comprehensive report titled “Abstracadabra: The Liquid Restaking Over,” highlighting the transformative impact of Liquid Restaking Tokens (LRTs) on the DeFi landscape.—The shift towards LRTs is driven by the need for more efficient and user-friendly financial instruments. LRTs are not only set to dominate the restaking arena but are also poised to revolutionize the entire DeFi ecosystem. The report emphasizes that Ether.fi is leading this charge, commanding over 50% of the LRT market by simplifying complex restaking processes into a user-friendly token model.LRTs have become essential in the…

Anomalous activity has been seen in the blockchain from Shiba Inu, Shibarium. It is difficult to call it a positive phenomenon. According to data from Shibariumscan, the number of active accounts interacting on the network from the popular meme cryptocurrency dropped from 657 to 168 in 24 hours – a whopping 75% drop. The drop in accounts active on Shibarium caused a legitimate drop in transaction numbers. Thus, the number of new transactions for the period under review fell from 5,396 to 1,300, i.e., by the same 75% and even more. Interestingly, however, amid the decline in active accounts, Shibarium…

Babypie, a liquid staking solution for Bitcoin, has integrated five Chainlink solutions, with Functions being the first to go live to help verify users’ signatures and Bitcoin transactions. Chainlink’s Proof of Reserve, Price Feeds, and Automation are set to go live soon; Babypie will also integrate CCIP to access other networks, including BNB Chain, Base and Arbitrum. Babypie has announced the integration of Chainlink’s solutions to its liquid staking solution for Bitcoin users, opening up new opportunities in DeFi for the largest crypto. Babypie is a subDAO for liquid staking developed by Magpie XYZ, a platform that seeks to boost…

DogeZuki Collection emerged as the top-performing non-fungible token (NFT) collection on July 30, with sales reaching US$495,472, according to CryptoSlam data. The collection witnessed a substantial influx of 11,422 unique buyers, surpassing the previous day’s figures and marking a significant uptick in market activity. This surge propelled DogeZuki’s all-time sales to a US$50.25 million, which doesn’t quite place it in ranks of the market’s top dogs just yet. The second-ranking collection for the day was Solana Monkey Business on the Solana blockchain along with Dogezuki, with sales totaling US$492,799. Ethereum-based Bored Ape Yacht Club trailed at third with daily sales…

The Bangko Sentral ng Pilipinas (BSP), the Philippines’ central bank, has announced an achievement in the country’s digital finance sector. According to the 2023 Report on E-Payments Measurement, the share of digital payment transactions in the Philippines has surged from 42.1% in 2022 to 52.8% in 2023. This accomplishment surpasses the central bank’s goal of digitalizing 50% of retail payments by 2023, as outlined in its Digital Payments Transformation Roadmap 2018-2023. BSP Governor Eli Remolona expressed pride in this achievement, highlighting its significance in the pursuit of a cash-lite economy. “We take pride in this achievement as proof that our…

According to IntoTheBlock, Lido leads the liquid staking market. It has over 9.8 million staked Ethereum (ETH). The amount is staked by 319,819 unique addresses. Lido continues to dominate the liquid staking token (LST) market, with $stETH representing a substantial share of the total staked ETH. Over 9.8 million $ETH are currently staked through Lido, held by 319,819 unique addresses. pic.twitter.com/ZflLVl96NW — IntoTheBlock (@intotheblock) July 30, 2024 Lido (LDO) is a liquid staking solution for proof-of-stake cryptocurrencies. It supports post-Ethereum Merge consensus layer (formerly Ethereum 2.0) staking and other layer-1 PoS blockchains like Polygon, Kusama, Solana, and Polkadot. Lido makes…

Two artists have filed a lawsuit against the U.S. SEC in a Louisiana court to get a declaratory judgement that would protect their forthcoming NFT projects from regulatory action from the SEC. They say the SEC has set a concerning precedent of potential regulatory overreach by filing charges against two other NFT art projects. Two American artists filed suit against the U.S. Securities and Exchange Commission (SEC) on Monday, seeking a declaratory judgment from a Louisiana court that their forthcoming non-fungible token (NFT) projects would not violate U.S. securities laws. The scathing complaint, filed in the jurisdiction of the notoriously…

Brevan Howard’s crypto hedge fund has launched a new unit that will help companies generate more returns on their crypto treasuries. Brevan Howard Asset Management’s crypto-focused branch, Brevan Howard Digital, has unveiled a new unit aimed at enhancing returns for companies holding crypto as a reserve asset. According to a Financial News report, the new unit called BH Digital Solutions will be led by Chris Rayner-Cook, former head of trading and financing at Coinbase. The unit’s initial focus will be on blockchain and crypto mining companies, helping them generate increased returns from their holdings. The launch comes as BH Digital,…