Author: NBTC
Yuga Labs, creators of the Bored Ape Yacht Club NFTs, have announced a groundbreaking partnership with Somnia, an emerging powerhouse in blockchain technology designed specifically for the metaverse. This collaboration aims to dramatically enhance the interoperability across the expansive digital realms of Yuga Labs’ Otherside. Yuga Labs and Somnia Will Optimize the Otherside Metaverse Somnia’s high-performance L1 blockchain and innovative omni-chain protocols support hundreds of millions of transactions per second, setting a new standard for connectivity within the metaverse and gaming ecosystems. By leveraging these technologies, Yuga Labs will provide its NFT holders, including those from the Bored Ape Yacht…
Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. In addition, the ex-Director of Grayscale expects ETF activity to skyrocket this year. Former Grayscale Investments director Phil Bonello has lately shook up the cryptocurrency world with a slew of comments and forecasts about Bitcoin’s future. Furthermore, he provided comments about the wider cryptocurrency industry. Bonello indicated that the current adverse swing in Bitcoin’s price would lead to a huge fall. Among the many important things that Bonello made in an X post was the possibility that Bitcoin may fall to $52,000. Concerns about…
NFTBank, an NFT portfolio management platform, has just released an improved version of its service, NFTBank V2. The platform has built a reputation for its accuracy in NFT valuation and profit and loss reporting. The release of NFTBank V2 aims to expand on this foundation by providing additional capabilities that enable monitoring of NFT purchases via various techniques, including minting, bulk buying, and transactions across main and secondary markets. These updates are important in a market where openness and accuracy in asset value are essential for investor trust and regulatory compliance. NFTBank V2 can connect to up to 3,000 wallets,…
London-based CF Benchmarks provides reference data for crypto ETFs totalling $24 billion in AUM, mostly bitcoin products including BlackRock’s IBIT. The firm is also now working with the new ETFs in Hong Kong which debuted earlier this week to rather meagre trading volume. The CEO of CF Benchmarks, a unit of cryptocurrency exchange Kraken, predicts that despite an inauspicious beginning, crypto exchange-traded funds (ETFs) in Hong Kong will reach $1 billion in assets under management (AUM) by the end of 2024, Bloomberg reported on Friday. London-based CF Benchmarks provides reference data for crypto ETFs, mostly bitcoin products including BlackRock’s IBIT.…
There has been a new development regarding the payment company X Payments, which will be included in the social media platform formerly known as Twitter and whose name was changed to X after Elon Musk’s acquisition. According to the latest information, X Payments will most likely not support cryptocurrency payments at launch. The company has not yet applied for the necessary virtual currency licenses that would allow its products to include virtual assets. Today, X Payments was granted a Check Sales and Money Transmitters license for Louisiana. However, Louisiana also requires a Virtual Currency Business License for products involving crypto…
Author Michael Lewis tends to take a very charitable stance regarding Sam Bankman-Fried despite his recent conviction, which led to a 25-year prison sentence. Following publication last year of “Going Infinite,” Lewis’ book about the FTX founder that many said is over-generous, a Time magazine journalist asked him about criticisms. “This is what happens when you address a mob,” he said. When movie rights for the book were shopped around Hollywood, the pitch letter said, as reported in 2022, that Lewis “likens [SBF and Binance’s Changpeng “CZ” Zhao] to the Luke Skywalker and Darth Vader of crypto” – and it…
OKX, a leading crypto exchange and Web3 technology company, has announced its latest updates for May 3, 2024, including plans to list ZeroLend’s token ZERO on the spot market. OKX Announces ZeroLend’s Token ZERO Listed on the Spot Market In an official statement today, OKX announced its intention to list ZeroLend’s governance and utility token, ZERO, on the spot market. This move aims to expand the trading options available to its users and improve the platform’s offerings. Considered one of the fastest growing multi-chain lending protocols, ZeroLend focuses on various topics such as Liquid Restaking Tokens (LRTs), Real-World Assets (RWAs),…
A widely followed analyst believes that Bitcoin (BTC) is gearing up for a parabolic surge despite its recent price doldrums. Pseudonymous crypto strategist TechDev tells his 447,600 followers on the social media platform X that conditions on Bitcoin’s two-month chart suggest that BTC is almost ready to witness a price explosion. The analyst predicts that BTC will rally by over 120%, similar to what happened in late 2020 when Bitcoin surged from around $13,000 to over $29,000 in just two months. “Bitcoin’s two-month candle is right on the candle body high, soon after max compression. As RSI (relative strength index)…
ETFs bring awareness but are less effective than private funds as an ETH investment vehicle. With the recent approval, launch and success of spot bitcoin ETFs, all eyes have turned to the possibility of spot ETH ETF regulatory approval, an outcome we believe to be unlikely under the current administration. Additionally, an ETH ETF will, at least initially, lack a staking reward component, a key aspect of ETH total return. We see the primary value of crypto-ETFs being the normalization of crypto investing for traditional finance allocators. Large ETF providers entering the space license their legitimacy, allowing allocators to invest…
Bitnovo Pay and Wipay join forces to revolutionize payments in commerce, creating a milestone in the payment media sector in Spain. Bitnovo Pay, a leader in simplifying access to and use of cryptocurrencies, and Wipay along with QPayPos, companies specialized in payment media technology with Android terminals and an acquiring license from the Bank of Spain, have announced a collaboration to redefine the payment experience in Spain. The strategic alliance of both companies, which combines Bitnovo Pay’s technological innovation with Wipay’s proven experience in Android payment terminals, offers a complete solution that encompasses a wide range of payment methods including…