Author: NBTC

The partnership will enhance how Space and Time’s developers interact and build with Sui blockchain on-chain data. Layer 1 blockchain Sui Network has extended its strategic partnership with Space and Time (SxT), an AI-based blockchain warehouse for data, to integrate the second iteration of Sui’s RPC. The partnership will enable developers and users on SxT to retrieve and build with Sui data in an easier, faster, secure and more affordable way. The latest collaboration follows Sui and SxT’s recent partnership that saw the latter provide Sui’s developers with a full stack of zero-knowledge-proof-based tools to help their building process on…

Crypto asset management firm Grayscale with $26 billion allocated in its ETF fund GBTC plans to drop fees as its outflows reach $12 billion. Grayscale CEO Michael Sonnenshein has announced plans to reduce fees on the Grayscale Bitcoin Trust ETF (GBTC) in the coming months as the crypto market craze seems to cool off. In an interview with CNBC, Sonnenshein revealed plans to gradually decrease fees on GBTC, justifying the current 1.5% management fee by citing GBTC’s liquidity and track record compared to other exchange-traded funds (ETFs) in the market. “I’ll happily confirm that, over time, as this market matures,…

NEW YORK – Crypto trader Avi Eisenberg’s criminal fraud and manipulation trial will open Tuesday after a federal judge seated a 15-person jury that includes a seller of rare books, an elementary school music director and at least two finance professionals. Expected to run for two weeks, the trial will determine whether Eisenberg broke the law when in October 2022 he deployed a self-described “highly profitable trading strategy” that crippled Mango Markets, the once popular venue for betting on cryptocurrencies on the Solana blockchain. The trial represents an evolution in the government’s attempts to police alleged crimes in decentralized finance…

Union Labs, the sovereign interoperability layer, has announced a strategic partnership with Lava, the modular access layer for Web3, marking the inception of an Incentivized Public Remote Procedure Call (ipRPC) campaign boasting a rewards pool worth $100,000 in token rewards. The collaboration aims to foster community engagement and growth within the Union and wider interoperable ecosystems.—Scheduled to commence with Union’s mainnet launch slated for this summer, the campaign seeks to incentivize participation in the public RPC infrastructure, streamlining the process for developers and node operators. Through Lava, node operators will have the opportunity to become Union RPC providers, providing developers…

On Tuesday, the value of bitcoin fell to a low of $62,355, experiencing a decline of over 7% against the U.S. dollar in the last 24 hours and a decrease of 12.4% in the past week. This downturn led to the liquidation of a substantial number of bitcoin long positions, with more than $180 million being liquidated since yesterday. Bitcoin Slides More Than 7% in 24 Hours; $180 Million in Long Positions Liquidated After hitting its peak at $73,794, bitcoin (BTC) has declined by 14% to stand at $63,000 as of 7:00 a.m. Eastern Time (ET) on Tuesday. Over the…

Gabriel Attal, the Prime Minister of France, has announced that there will be a potential new tax on income, but it is not yet clear if it will also involve cryptocurrencies. Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal and taxation on income (possibly also crypto) to reduce France’s deficit The AMF survey on crypto adoption in France Gabriel Attal and the new taxation on income by June in France: will cryptocurrencies also be involved? Gabriel Attal, the Prime Minister of France, announced to the Renaissance group of the…

Škoda Auto India launches the Škoda Gearheads community, offering exclusive benefits to car enthusiasts nationwide. The program integrates Polygon PoS for seamless transactions and NFTs for dynamic memberships on the Škodaverse India platform Škoda Auto India has again showcased its commitment to innovation and customer engagement by introducing the Škoda Gearheads community. This unique membership program, unveiled alongside other digital initiatives, aims to unite automobile enthusiasts nationwide under one roof. The Škoda Gearheads community is more than just a membership program; it’s a gateway to a world of exclusive benefits and experiences for automotive enthusiasts. Members can anticipate VIP treatment…

Update: A further $90 million was liquidated since press time, bringing the total liquidations to $623 million over the past 24 hours. $67 million longs and $23 shorts were liquidated in the past hour. The market has weathered $542 million in Bitcoin and crypto liquidations over the past 24 hours as Bitcoin fell below $64,000 for the first time in roughly two weeks. On March 6, Bitcoin wicked down below the mark before continuing upward to record new all-time highs repeatedly. Most liquidations were longs at $454 million, with just $87 million in short liquidations. Bitcoin made up $156 million…

The US spot bitcoin ETFs have moved forward the broader coming-together of traditional finance and crypto, according to an executive at the world’s largest asset manager. Speaking at a panel during Blockworks’ Digital Asset Summit in London on Tuesday, BlackRock managing director Tony Ashraf noted the impact of having large financial players wrapping bitcoin into an ETF. Going the other way, crypto industry firms and innovations are starting to evolve traditional finance via asset tokenizations, a process that involves bringing physical and financial assets on-chain. Read more: TradFi, DeFi convergence continues through tokenizing real-world assets “We have a duality between…

Staking provider P2P.org said it has gone live with its Staking-as-a-Business (SaaB) model for institutions. The offering aims to help platforms like exchanges, wallet providers and custodians add staking and decentralized finance (DeFi) services to their businesses to diversify avenues of growth. The company said it currently has more than 1 million staked ether (ETH) and recently surpassed $7.4 billion in total value locked, or TVL. Staking allows cryptocurrency investors to put their holdings to work by earning passive income without needing to sell them. Institutional staking operates in the same manner but en masse. There are non-custodial and custodial…