Author: NBTC
The past two days have seen the crypto market rebound from earlier volatility, with Bitcoin rising by over 3% to $57,000. Amid this surge, MicroStrategy’s chairman and co-founder Michael Saylor has sent out an epic comment on Bitcoin. Bitcoin as corporate solution Notably, Saylor’s comments are in response to a post from Lyn Alden, founder of Lyn Alden Investment Strategy. Alden’s post highlighted her recently published article titled, “A New Look at Corporate Treasury Strategy.” The article delves into the logic behind companies acquiring Bitcoin and the reasons why some firms have historically tended to decapitalize themselves. In the article,…
Liquity V2 introduces Protocol Incentivized Liquidity (PIL), directing 25% of Trove revenue to sustain BOLD liquidity and boost ecosystem growth. Staking LQTY in V2 allows users to direct PIL incentives, earn LUSD and ETH rewards, and increase voting power over time. PIL ensures a sustainable and scalable liquidity solution while maintaining Liquity’s core principles of decentralization and immutability. Protocol Incentivized Liquidity (PIL), a breakthrough, will be introduced by Liquity Protocol in November during the release of its highly anticipated V2 upgrade. In order to provide the $LQTY ecosystem with more options, PIL will allocate a certain percentage of V2 earnings…
Venture capital giant Andreessen Horowitz (a16z) announced the 21 startups selected for its Fall 2024 Crypto Startup Accelerator (CSX) cohort. The accelerator program, designed to support early-stage crypto projects, will provide each startup with a minimum investment of $500,000, alongside mentorship, resources, and networking opportunities from a16z’s investing and operating teams. This latest cohort includes startups from 11 countries, showing the global reach and influence of the crypto and Web3 sectors. Over the course of 8 weeks, the founders will receive expert guidance from top crypto entrepreneurs and a16z’s network to scale their projects and prepare them for a broader…
Cardano founder Charles Hoskinson delivered a bold statement at the Rare Evo 2024 conference, emphasizing the resilience and speed of the Cardano blockchain. During his keynote, Hoskinson highlighted Cardano’s robust architecture, which has evolved over the past several years, arguing that the network has become too strong to falter. He likened Cardano’s strength to that of a near-indestructible armored vehicle. Cardano Built Like a Tank “Cardano doesn’t go down—it’s built like a tank, but it’s fast now, so it’s built like a Lambo tank,” Hoskinson declared. The founder’s analogy of a “Lambo tank” captures Cardano’s dual focus on security and…
Binance’s subsidiary in Indonesia, Tokocrypto, has acquired the key crypto asset trader license in the country. Tokocrypto obtained the license from the Commidity Futures Trading Regulatory Agency (Bappebti). Binance CEO Richard Teng says the exchange will continue to support the Indonesia-based subsidiary. Binance subsidiary Tokocrypto has secured regulatory approval as a Physical Crypto Asset Trader (PFAK) from Indonesian regulator Commidity Futures Trading Regulatory Agency (Bappebti). In an announcement on September 9, Tokocrypto revealed the milestone comes after a rigorous licensing process dating back to 2019 when the cryptocurrency exchange first received a nod as a Prospective Phyisical Crypto Asset Trader…
Solo miner receives $181,000 block reward. Bitcoin mining still dominated by larger mining pools, with FoundryUSA and Antpool representing more than 50% of the total hash rate. A solo bitcoin (BTC) miner beat a swathe of powerful mining pools to receive a $181,000 reward after successfully mining block 860749 on Tuesday. Bitcoin blocks are produced roughly every 30 minutes and are typically mined by mining pools, which combine computing power to give them the best possible chance of pocketing the block reward. The reward to successfully mine a block sits currently at 3.125 bitcoin, after a recent halving event earlier…
Dr Profit Crypto predicts Bitcoin reaching $180,000-$220,000 within a year, based on market trends and historical data. The recent halving event and historical patterns suggest a significant bull run, supporting higher Bitcoin prices. On-chain data and low new investment flows indicate the bull cycle is in early stages, with room for growth. In a recent X post, Dr Profit Crypto made a compelling case for Bitcoin’s future. According to him, BTC is far from entering a bear market. He predicts that Bitcoin could reach between $180,000 and $220,000 within a year. His forecast is based on current market trends and…
The market cap of Ethena’s USDe token fell below $2.7 billion from $3.6 billion as demand faltered. The protocol generates yield for investors by shorting bitcoin and ether derivatives in a “carry trade,” but funding rates have turned negative over the past weeks. Even so, the token’s price held stable around $1 during the unwinding, defying early concerns of a downard spiral. Crypto yield protocol Ethena, which skyrocketed earlier this year to over $3.6 billion in deposits, faced its biggest test as crypto markets cooled off and investors pulled the funds that backed its USDe synthetic dollar token. Even so,…
Crypto exchange Kraken is giving NFT holders the opportunity to showcase their PFPs on Williams Racing’s United States Grand Prix livery in the second Rear Wing Takeover contest. “Last year’s takeover generated huge interest and a brilliant design, and we can’t wait to see what fans will choose this time round,” said James Bower, Commercial Director at Williams Racing, in a statement shared with Decrypt. This year’s contest will see holders of Williams Racing’s Grid Pass NFTs receive an airdrop of PFPs from the new 100,000-strong Cosmos Collection. Designed by leading Web3 artist CandyApple, the Cosmos Collection PFPs feature 10…
Standard Chartered announced today (Tuesday) that it has started offering digital asset custody services in the United Arab Emirates. Brevan Howard Digital, the digital asset division of the British hedge fund, is the first client to use these services. The bank said it chose the UAE for this launch due to the country’s balanced approach to digital asset adoption and financial regulation. The UAE has been actively working to attract major crypto firms, including Binance and OKX. It is also developing regulations for virtual assets to boost economic competition in the Gulf region. “Standard Chartered’s global reputation and demonstrated commitment…