Author: NBTC
Axie Infinity has announced major updates to its ecosystem, poised to enhance users’ experience. They majorly pertain to Axie Experience Points (AXP) and Part Evolution. The goal is to make it seamless for players to wield their powers and level up their respective axies. Unlimited Coco caps are effective immediately. Players can reach the limit of AXP in two ways – earn via gameplay and consume Coco. The updates enable players to combine both points and get the daily limit. Coco can then be fed to Axies, who are ultimately put to the test by players on the battlefield. Feeding…
Though a number of bitcoin miners have historically run into financial trouble, some segment observers have said the space’s larger players are likely to survive the upcoming halving. Industry consolidation appears very likely, however, as some mining companies are expected to struggle more than others. Still, many such firms have prepped extensively for the halving and remain hopeful — at least publicly. Set for just over a week from now, the 2024 bitcoin halving represents a point when per-block mining rewards are set to drop from 6.25 BTC to 3.125 BTC — putting additional pressure on miners and their bottom…
The UK’s largest asset manager Aberdeen Standard Investments (commonly known as Abrdn PLC) has initiated asset tokenization on Hedera Hashgraph using the DLT networks. At the same time, the EVM developers released a new proposal to improve the functionality of Hedera. By tokenizing on Hedera, Abrdn became the first major UK wealth manager to issue a tokenized security. Abrdn PLC, in collaboration with Archax, a regulated digital asset exchange, has tokenized its assets in the Aberdeen Standard Liquidity Fund (Lux) — Sterling Fund, an Archax platform. The collaboration between Abrdn and Archax demonstrates the growing interest in digital asset tokenization…
Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters. According to data from Farside Investors, the 10 ETFs collectively attracted $2.6 billion in new investments during the five days ending March 15. Most of these inflows occurred early in the week, with a surge from Monday to Wednesday driving BTC to new highs, nearly hitting $74,000. However, the momentum waned towards the end of the week, with only $133 million and $198 million of net inflows recorded on Thursday and Friday, respectively. Consequently, Bitcoin (BTC)…
Data labeling firm Sapien has successfully secured a $5 million seed investment from investors such as Primitive Ventures, Animoca Ventures, and Yield Guild Games to enhance its artificial intelligence (AI) model training services through a gamified platform. Sapien was launched in 2023, aiming to create the largest human-powered AI training data network by offering a blockchain-based reward system for its global community of data labelers. Sapphire “We are thrilled to have the support of our investors on our path to building the world’s largest network of ‘Sapiens’ – our brand for the millions of humans globally who power today’s most…
Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks. The firm predicts this event will have a unique effect on the network compared to previous years, particularly in how quickly the difficulty adjusts post-halving. Eamonn Gashier, Founder and CEO of Block Scholes, highlighted that the total block reward, in terms of both Bitcoin and USD, typically rebounds to pre-halving levels months after the event despite an…
RWA Inc., a prominent platform for tokenization of real-world assets, has recently started an exclusive partnership. As per the announcement, the company is collaborating with Prom (a popular and cutting-edge gaming NFT platform) to provide convenience in the tokenization of real-world assets. The company took to its official account on X to disclose the latest development. Major News 🗞 It’s a great pleasure to announce our integration into the @prom_io, leading EVM ecosystem.Prom user will now be able to #tokenize real world assets with ease@RWA_inc powering the new economy https://t.co/u1hcO4Nrtz pic.twitter.com/heLahHHC7w — RWA Inc. (@RWA_Inc_) April 12, 2024 RWA Inc.…
Bitcoin’s Tether-denominated price on BitMEX, represented by the XBT/USDT pair, crashed to $8,900 late Monday. BitMEX said on X that it is investigating the large sell orders that caused the flash crash. Yes, you read the title right. Late Monday, bitcoin suffered a brief crash to as low as $8,900 on cryptocurrency exchange BitMEX, while prices on other exchanges held well above $60,000. The slide began at 22:40 UTC, and within two minutes, prices fell to $8,900, the lowest since early 2020, according to data from the charting platform TradingView. The recovery was equally quick, with prices rebounding to $67,000…
The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal for 100,000 High-Efficiency Miners On Friday, Cleanspark (Nasdaq: CLSK) disclosed that its operations have surpassed a total hashrate of 17 exahash per second (EH/s). Back in January 2024, the company announced the acquisition of 60,000 application-specific integrated circuit (ASIC) bitcoin mining rigs and mentioned its…
BVM, a Bitcoin layer 2 project, will release a platform called Truly Open AI, allowing users to deploy AI models on the blockchain for use in crypto applications. The AI’s storage model was built in collaboration with Filecoin, Near, Avail, Polygon, and Syscoin. Bitcoin Virtual Machine (BVM), the Bitcoin layer 2 project, will soon release a platform that allows users to spin up artificial intelligence (AI) models, developer punk3700 told CoinDesk in a message on Tuesday. The new feature, called Truly Open AI, will let users float AI models on the blockchain for use in crypto applications. An AI model…