Author: NBTC
Polychain made an undisclosed investment in Ritual, referring to it as a “multimillion dollar” amount. Ritual raised $25 million in November to address the centralized nature of artificial intelligence systems. AI has become an area of interest in the blockchain industry following the proliferation of AI-powered tools acquiring mainstream popularity. Blockchain-focused venture capital firm Polychain Capital topped up a $25 million funding round into artificial intelligence (AI) platform Ritual with a “multimillion dollar” investment. Ritual raised $25 million last November to address the centralized nature of AI systems. The investment was led by Archetype and included participation from Accomplice and…
New deep-pocketed entities have accumulated the native asset of the decentralized oracle provider Chainlink (LINK), according to blockchain tracking firm Lookonchain. Lookonchain says that eight different addresses withdrew $16.72 million worth of LINK tokens from Binance, the world’s largest crypto exchange. “It seems that whales are buying LINK! We noticed that eight fresh wallets withdrew 831,160 LINK ($16.72 million) from Binance in [two] days.” Lookonchain spotted the following wallets withdrawing LINK from Binance addresses: 0x64076fC5F5f83D04371a3Ee073595681899E1DB8 0x367E5d68935a3B3C7EdC0edB303EBf97b9B53B8D 0x45ec2C230115061ccE11184866AA2507F16c9b58 0xEA560ac7B1384AcCC675618e3b61b0A042187c93 0xe812302b1DFc20B1f99C069fd553d3E71DD98170 0xFa2dE5a6FfB5DFa68d5721432E748235B94D0152 0xCc6d2811aad0A576445B2DdD6EF2e9178f6C74Ee 0xB3f75aeb91f02C3B039E350Bdba33193c1c3f93F Over the last several months, Lookonchain has tracked “mysterious” whales, likely institutions, accumulating LINK. In February, Lookonchain said…
Investor interest in digital asset investment products remains strong as evidenced by the recent inflows into various digital asset investment products. According to a report by CoinShares, a total of $646 million poured into these vehicles, pushing the year-to-date inflows to an unprecedented $13.8 billion and surpassing the previous year’s total of $10.6 billion. Bitcoin continues to be the primary focus for investors, with inflows totaling $663 million. However, short-bitcoin investment products saw outflows for the third consecutive week, amounting to $9.5 million, indicating a minor capitulation among bearish investors. Enthusiasm in Spot ETF Start to Moderate Despite the overall…
Justin Sun, a prominent and somewhat controversial figure in the cryptocurrency world, has seen a significant increase in his total assets due to recent market rallies. As of now, Sun’s total assets are worth $1,287,907,754.26, an increase of $6.24 million today alone. Since last week, Sun’s assets have gained $95.90 million in value. However, its assets are $257.44 million lower compared to the previous year. A breakdown of Sun’s assets over $500,000 reveals a diverse portfolio: TRX: $282.65 million USDD: $280.03 million BTT: $179.80 million BTC: $108.95 million USDJ: $95.39 million STETH: $76.98 million STUSDT: $49.63 million TRX: $48.70 million…
The Bitcoin price has nearly reached the correction target of $60,000, as previously forecasted when it was around $71,700. The question now is whether it will remain at $60,000 or decline further. Bitcoin Doomsday: Has BTC Already Hit its Peak? Before delving into the analysis of the BTC price, it’s prudent to consider the worst-case scenario where Bitcoin might revert to its previous low of around $15,500. Bitcoin Price Chart. Source: Tradingview However, this outcome seems less likely given the current circumstances. Let’s explore a more realistic scenario. Bitcoin’s 17% Drop: Brace for More Downside? The Bitcoin price currently sits…
Web3 venture capital firm Animoca Brands has announced a partnership with Imaginary Ones, a Singapore-based NFT project. According to a press release shared with Crypto.news, the NFT project plans to leverage Animoca’s expertise and resources to strengthen its tokenomics. The venture capital firm will also help Imaginary Ones with its “go-to-market strategy,” the release added. “Animoca Brands’ support will fast-track our plans in the three areas of utility, coins and development, which will help to unify Web2 and Web3 worlds and build on our promise that if you can imagine it, we can build it,” said Clement Chia, co-founder of…
Sora Ventures, a venture capital firm focused on the Bitcoin ecosystem, has announced the successful raise of $3 million to launch a Runes Liquid Fund, a new investment vehicle dedicated to investing in liquid assets on the Runes Protocol. Investors include Bankless Ventures, SpaceshipDAO, entities from BTC Inc. Bitcoin Magazine, and Serafund. Runes refers to a new fungible token protocol introduced to the Bitcoin blockchain. This protocol is designed to facilitate the creation, issuance, and transfer of Bitcoin-native digital commodities, potentially transforming how digital assets are managed and exchanged on the network. The Runes protocol is built upon an indexer-based…
Solana has seen a dramatic increase in DEX transaction volumes since early March. SOL is still a long way from its all-time high, which it hit in November 2021 at $260. The daily number of new addresses on the Solana blockchain has hit a record level as per recent statistics. Based on a seven-day moving average (MA), the daily count of new addresses on the Solana network is presently above 691,000. A rise in the adoption measure indicates real network activity, says Tristan Frizza, founder of Zeta Markets. Frizza stated: “It suggests that we’re not only witnessing speculative interest but…
Binance has completed its 17th Proof of Reserves audit and announced that the exchange’s assets are more than 100% secure. The new report shows that Binance uses zero-knowledge methods to prove that user balances exist in customer wallets. So what does the report say and what does it mean for the future of Binance and the cryptocurrency industry? Binance‘s 17th proof-of-reserve report shows significant increases in user holdings. BTC holdings increased by 1.08% to 6,099 BTC, ETH holdings increased by 11.64% to over 4.44 million, and USDT holdings increased by 8.36% to 21.1 billion. Moreover, users’ BNB asset deposits increased…
According to analyst James Stanley, the Bitcoin price has formed a bearish channel after the most recent price drop. This comes after the Bitcoin price came awfully close to crashing below the $60,000 level earlier this Wednesday. #Bitcoin bearish channel after last week’s indecisiondown as much as -17.66% from the high last week but still has tone of a bull flag given pace of prior breakout$BTCUSD https://t.co/uDih5XSyAo pic.twitter.com/WfEYSCafTe — James Stanley (@JStanleyFX) March 20, 2024 What’s a bear flag? The bearish flag is a popular trading pattern that typically signals the continuation of a downtrend. Failing to record any lasting…