Author: NBTC
While Chris Dixon and a16z may have skewed the sales numbers of his recent book, Read Write Own, what hasn’t been given as much time in the spotlight is the book’s NFT offering. Paired with the newly minted web3-worshipping tome is a bookmark that contains a code allowing readers to redeem an NFT on OpenSea (one of the largest NFT marketplaces). The problem is no one seems to care. Of the 5,000 NFTs that are up for redemption only 5% — or 264 — have been redeemed by readers. It’s difficult to match this with the fact that Read Write…
Crypto venture capital markets are still in the doldrums despite a resurgence in spot markets for digital assets. Moreover, startups are staying private longer, and low mergers and acquisitions and IPO activity keep things depressed and ‘exits’ low. According to findings in PitchBook’s Q4 2023 Crypto Report, the broader startup market is suffering from an exit drought, and crypto startups are possibly even more parched. Crypto Venture Funding Drought Exits refer to liquidity events that allow venture firms to realize returns. This enables them to exit out of their investments in crypto startups after they have appreciated over time. Deal…
Chainlink, a prominent player in blockchain technology, is making significant advancements by transitioning to production deployments. Niki Ariyasinghe has collaborated with over 40 institutions worldwide at Chainlink Labs. It provides valuable insights into the evolving landscape of tokenized assets. “We’re shifting to production deployments.”Having worked with well over 40 institutions globally at @ChainlinkLabs, Niki Ariyasinghe shares his insights on the rapidly evolving landscape for tokenized assets:1. Leading banks are preparing for the tokenization opportunity… pic.twitter.com/NeIxAxMPOZ — Chainlink (@chainlink) February 19, 2024 Chainlink Empowers Financial Institutions in Managing Digital Assets At this time, major banks are making preparations to capitalize on…
Forbes has formally entered the metaverse by establishing a everlasting presence inside The Sandbox. This transfer displays Forbes’ recognition of the metaverse and Web3’s potential to reinforce digital interplay and group engagement. Establishing this digital land reveals the worldwide media firm’s intention to foster a group hub for its Web3 viewers. The Sandbox, identified for its interactive digital landscapes and truthful royalties for creators, now accommodates Forbes’ digital property. This digital property is envisioned as a central assembly level for a various group of thinkers, leaders, and innovators. Supply Forbes Forbes aspires to push the boundaries of typical engagement strategies by introducing quite…
Bitcoin’s price has seen a period of consolidation after its recent high of around $52,884, according to price data from Feb. 19, 2024. Technical indicators suggest the leading crypto asset remains in an uptrend and may be poised for a further move higher after this sideways trading range. Shorter timeframe charts point to strengthening bullish sentiment that could propel bitcoin out of its recent tight trading range. Bitcoin Bitcoin (BTC) has been trading in a relatively narrow range between around $51,214 and $52,884 over the weekend, according to the 6-hour and 4-hour price charts. This consolidation just below the local…
Amid all the ETF news that’s dominated the headlines over the last few weeks, the extensive report into DeFi published by the US Commodity Futures Trading Commission in early January didn’t get enough attention. Most of the news coverage focused on the report’s recommendations about implementing identity and AML practices, but this was only part of the document’s broad scope. Developed by the Commission’s subcommittee on digital assets and blockchain technology, the 79-page report dives deep into the risks presented by the emerging decentralized financial system. Especially revealing is its assessment of how effectively these risks can be addressed within…
Yuga Labs, the multi-billion dollar company in charge of dominant crypto brands like the Bored Ape Yacht Club and CryptoPunks, found itself in hot water this week after implementing—and then reversing—remedies to fan dissatisfaction with a new NFT mint tied to its Ape-themed metaverse, Otherside. The saga began on Tuesday, when Yuga announced that players who had successfully completed a mission in the Otherside platform’s Legends of the Mara game could now claim on-chain collectibles, dubbed “Loot,” as rewards. Players quickly jumped to mint the NFTs on the Ethereum blockchain, only to discover that the gas fees incurred by those…
Ether’s 14-week RSI has topped 70, a threshold that marked previous parabolic bull runs. The bullish signal is consistent with excitement surrounding Ethereum’s impending Dencun upgrade and the potential debut of spot ETFs. Crypto traders may want to pull up ether’s (ETH) relative strength index (RSI) on their screens as the popular technical analysis tool is signaling uptrend acceleration ahead. RSI, developed by J. Welles Wilder, is a momentum indicator that measures the speed and change of price movements over a set period, usually 14 days or 14 weeks. The indicator oscillates between 0 and 100, with readings above 70,…
Warren Buffett, the celebrated investor and Chairman of Berkshire Hathaway (NYSE: BRKA, BRKB), made substantial changes to his extensive portfolio last quarter. On February 14, it was revealed that Buffett’s portfolio underwent significant adjustments. These changes included substantial reductions and increases in shares of specific companies and complete divestment from others. Faltering confidence in AAPL? In the last quarter, Buffett initiated a reduction of his holdings in Apple (NASDAQ: AAPL) by selling 10 million shares. This move decreased his position by -1.09%, from 915 million to 905 million shares owned. What’s intriguing is that Apple is scheduled to distribute its…
Tomorrow will be an important day for the cryptocurrency world as smart contracts will be gradually launched on the mainnet of the Stellar (XLM) network. The Stellar Development Foundation (SDF) and the general Stellar community have been working hard for the last two years to bring smart contract functionality to the Stellar network. The Stellar Development Foundation and the developers of key Stellar SDKs have announced the release of a comprehensive software package that supports Protocol 20. This protocol will introduce Soroban smart contracts to Stellar. With the technical components now in place, Stellar network validators will vote on the…