Author: NBTC
Bitcoin (BTC) and gold lined up as the outperforming assets in 2024, on a mix of geopolitical uncertainty and still significant inflation. In former years, BTC outperformed, but gold had years of stagnant prices. Bitcoin and gold are on track to outperform in 2024, standing ahead of other asset classes. Formerly, BTC was almost always ahead of the pack, with the exception of the deepest bear cycles. Often, BTC was also trading in an opposite direction to gold, which was considered a stagnant asset for ‘gold bugs’. In 2024, however, a mix of global risks is raising both assets, as…
Ethereum co-founder Vitalik Buterin recently made headlines by liquidating six memecoins worth approximately $633,000 in exchange for 257.11 $ETH. The transaction occurred within a 50-minute window and involved notable memecoins such as $MSTR, $POPCAT, and $ITO. This move continues Buterin’s recent pattern of offloading his holdings in memecoins. Vitalik Buterin (@VitalikButerin) acquired 257.11 $ETH ($633K) by selling 6 #memecoins in the past 50 minutes!The 6 memecoins that he sold include:• 330K $MSTR ($281K) for 114 $ETH• 14M $POPCAT ($185K) for 74.98 $ETH• 14B $ITO ($90K) for 36.55 $ETH• 1.05M #ETH6900… https://t.co/p8fctn81oV pic.twitter.com/GSP0GZslb5 — Spot On Chain (@spotonchain) October 12, 2024…
The altcoin market is seeing renewed interest as Q4 approaches, with several tokens showing promising signs of growth across Total Value Locked (TVL), trading volume, and revenue. Crypto enthusiasts have taken notice, including analyst Crypto Stream, who highlighted a few top-performing tokens, raising speculation about whether this momentum can be sustained. On Altcoins with Growing Metrics:* $AAVE – Price is lagging, Fees are constant and TVL is up. Is the TVL increase driven by the price increase of the underlying assets?$JTO – TVL, Revenue – everything is growing. SOL unlocks are probably bullish for JTO. Careful large JTO… — Crypto…
Openfabric AI, a well-known platform in the case of artificial intelligence infrastructure, has announced an exclusive collaboration with InitVerse. The partnership focuses on supporting the developers in scaling, deploying, and building decentralized applications to fill the gap between the DeFi and AI technologies with innovative solutions concerning the blockchain sector. The platform took to social media to announce this initiative. We are excited to announce our strategic partnership with @InitVerse 🥳InitVerse is a platform that empowers developers to seamlessly build, deploy, and scale decentralized applications (DApps).Learn more: https://t.co/PVsoBxfFfx pic.twitter.com/45RlW7Bj4b — Openfabric AI (@openfabricai) October 10, 2024 Openfabric AI’s New Partnership…
Is Bitcoin a “risk-on” or “risk-off” asset? Analysts at the world’s largest asset manager BlackRock say the leading digital currency qualifies as neither. In a PowerPoint document shared Wednesday, BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis, and that Bitcoin has “little fundamental exposure” to the macro variables that affect other asset classes. Some of its defining attributes, BlackRock analysts noted, are Bitcoin’s limited supply supply, global nature, and ease of transfer across borders. “The growing concerns in the U.S. and abroad over the state of U.S. federal deficits and debt has increased…
Ripple, a major crypto company based in San Francisco, has finally broken its silence regarding its upcoming digital asset innovation – Ripple USD, or RLUSD stablecoin. As the crypto payments and remittances provider remained silent about the innovation, the crypto space began to be filled with different types of news, opinions and insights, many of which lacked substance. That is why Ripple decided to make a public announcement to clear the air and answer all relevant questions about the launch of the stablecoin once and for all. In its latest post on social network X, the San Francisco-based company explained…
Crossmint has announced its expansion into the Avalanche ecosystem, offering developers enterprise-grade blockchain solutions. This launch facilitates the rapid deployment of applications within minutes, equipped with features such as wallets, APIs, KYC/AML processes, and verifiable credentials. Crossmint shared this strategic news with the developer and user community through its official social media platform, X. We’re live on @avax!🔺 Get all the infrastructure you need to launch enterprise-grade apps on the Avalanche C-Chain.🔺 Wallets, tokenization, payments, and more—accessible via simple APIs and no-code dashboards. pic.twitter.com/uXZnW4FYHj — Crossmint (@crossmint) October 10, 2024 Avalanche’s Tools Enhance the Payment Solutions of Crossmint The integration…
Asset manager Grayscale has launched the Grayscale Decentralized AI Fund, which offers accredited investors exposure to decentralized artificial intelligence protocols. Grayscale Decentralized AI Fund is now open to eligible accredited investors. Get diversified exposure to the intersection of AI and crypto with fund holdings: $NEAR $RNDR $FIL $LPT $TAO. See important disclosures or speak to a team member: https://t.co/gYetdms280 pic.twitter.com/wqoEFYL7KE — Grayscale (@Grayscale) September 30, 2024 Previously available only through private placement, the fund now offers a diversified basket of native tokens from leading decentralized AI and blockchain projects. The fund is rebalanced quarterly to maintain its investment objectives, with…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Vitalik Buterin, co-founder of Ethereum (ETH), announced the completion of the long-awaited Merge in September 2022, efficiency was the name of the game for blockchain innovation. In recent years, scalability has overtaken efficiency as the most pressing issue among the ‘big five’ challenges currently facing web3. You might also like: Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem | Opinion Prominent layer-1 chains are now giving way to a wave of emerging layer-2…
Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form of “perfected capital” that also generates a return for its holders through digital banking services. By contrast, Saifedean Ammous – author of the famous Bitcoin tome “The Bitcoin Standard” – countered that sustainable yield isn’t possible with a fixed supply asset like BTC. Can Bitcoin…