Author: NBTC
El Salvador’s President Nayib Bukele has donated 2 Bitcoins, worth $133,000, to help raise funds to build 1,000 schools in Honduras. Bukele has reportedly donated to Shin Fujiyama, a Japanese philanthropist who is committed to improving education for children in Honduras using his personal fund. 🇸🇻❤️🇭🇳 pic.twitter.com/AFWUXEdEv6 — Nayib Bukele (@nayibbukele) October 23, 2024 The Salvadoran government address has been buying 1 BTC per day since March 16. At present, the Salvadoran government holds 5,913 BTC. The decision to buy 1 Bitcoin every day is El Salvador’s persistent effort to adopt the cryptocurrency, even as the International Monetary Fund (IMF)…
Stuart Alderoty, chief legal officer at enterprise blockchain company Ripple, recently took a not-so-veiled dig at former SEC General Counsel Bob Stebbins. This comes after Stebbins recently emerged as one of the top picks to replace SEC Chair Gary Gensler. In his post, Alderoty pointed to the fact that Stebbins was involved in crafting the now-infamous Ethereum speech, which recognized the second-largest cryptocurrency as a non-security back in 2018. “Clayton 2.0” Stebbins has faced strong opposition from cryptocurrency advocates due to his association with former SEC Chair Jay Clayton. Clayton, of course, famously brought the lawsuit against Ripple during his…
The publicly listed Bitcoin miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Thursday) a significant expansion of its BTC mining capabilities, ordering 5,000 new Avalon A15-194T ASIC miners from Canaan. It marks the second major purchase this month as the company positions itself for the Bitcoin price approaching $100,000. The latest acquisition follows a previous order of 6,500 Avalon miners earlier in November, bringing HIVE’s total new miner purchases this month to 11,500 units. The company expects these upgrades to boost its operational capacity to 6.4 exahash per second (EH/s) by the end of 2025, up from…
Asgard Upgrade, which will be the first significant technological update to the mainnet of the Layer-1 relational blockchain, will take place on December 3rd, according to Chromia, which has officially announced the date of the upgrade. Chromia Extensions are modular enhancements that are introduced with this upgrade. These extensions enable developers to add new features on top of the core platform, hence extending functionality while maintaining the strengths of the current infrastructure. Extensions make it possible for developers to introduce specific functionality onto the platform while preserving its distinctive relational architecture, modular framework, and gas-free user experience. Chromia is a…
Hex Trust, provider of digital custody services, has just formed a strategic partnership with Babylon, a layer-2 of Bitcoin. The company headquartered in Hong Kong will contribute as the main agent to the oversight of the assets deposited on the network. Additionally, it will provide support for staking, enabling access for institutional investors and enhancing the utility of Bitcoin in DeFi. Babylon currently boasts a TVL of 1.6 billion dollars, with 23,850 BTC staked in restaking. Hex Trust and the partnership with Bitcoin Babylon’s layer-2 Launch on mainnet of the layer-2 Babylon On-chain analysis: distribution of Bitcoin deposits on the…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. This week saw a new — though perhaps unsurprising — entrant in the race to offer up a new SOL vehicle to would-be institutional investors. Canary Capital Group’s Wednesday filing for a spot SOL ETF with the SEC comes a few months after VanEck kicked off the process with a filing of its own. The fresh filing is a cause for celebration, certainly — especially if you’re of the opinion/hope that next week’s election will usher in a far less, shall we say, Gensler-ish take on US…
The U.S. Commodity Futures Trading Commission (CFTC) may not like election betting, but only Congress — not the regulator — has the authority to ban it, embattled prediction market purveyor Kalshi argued in a Friday court filing. Kalshi is currently locked in a legal battle with the CFTC, which, last September, attempted to block the prediction market from listing certain event contracts that allowed traders to bet on which political party would control the House or Senate after the November elections. The regulator argued that Kalshi’s proposed contracts involved “gaming” and “activity that is unlawful under state law” and were…
Berkeley RDI and Polyhedra have made a strategic collaboration to unveil a groundbreaking Production-Ready zkML. This production aims to mark a transformative leap in the fusion of AI and cryptographic verification. The organizations are now delivering a real-world application, four years after pioneering the concept. The application aims to empower AI developers to utilize zkML without requiring specific expertise in zero-knowledge proofs. The journey began in 2020 when Polyhedra’s research team, including Jiaheng Zhang, Dawn Song, and Yupeng Zhang published a paper in collaboration with Berkeley RDI. The paper was titled “Zero Knowledge Proofs for Decision Tree Predictions and Accuracy”,…
Bitcoin (BTC), the largest cryptocurrency by market capitalization, may be about to form a key technical pattern, with its daily moving averages likely to cross in the coming days. Whether the outcome is a death cross or a golden cross is unknown; however, Bitcoin’s 50-day simple moving average (SMA) has turned upward and may cross over the 200-day SMA in the days ahead, hinting at a potential golden cross. A golden cross happens when a shorter-term moving average, usually the 50-day SMA, crosses above a longer-term moving average, usually the 200-day SMA, with the reverse indicating a death cross. At…
Two prominent ETF issuers advanced their XRP-based asset initiatives today. Grayscale launched trading on its XRP Trust fund, while 21Shares submitted an official application for an XRP ETF. While Grayscale’s Trust fund holds potential for eventual conversion into an ETF, its long-term customer appeal remains uncertain. The XRP ETF Race Grayscale announced that its XRP Trust is now open to eligible accredited investors. Launched two months ago, this trust is seen as a possible precursor to an ETF. Grayscale previously converted its Bitcoin trust into an ETF after securing regulatory approval and is currently working to convert another fund into…