Author: NBTC
Mining companies are bracing themselves for the bitcoin halving — a time expected to weed out the segment’s less efficient operators, and those with trouble accessing capital. Per-block mining rewards are set to drop from 6.25 bitcoin (BTC) to 3.125 BTC on or around April 20. Such an event occurs roughly every four years. Read more: The next bitcoin halving is coming. Here’s what you need to know While some industry players are expected to struggle, other firms have made it clear they intend to take advantage of buying opportunities and set themselves up for future growth. Such vision takes…
Bitwise filed for a spot ethereum ETF on Thursday. The company, which launched a spot bitcoin ETF back in January, also has an ethereum futures ETF, known as the Bitwise Ethereum Strategy ETF (AETH). The potential issuer dropped its 19b-4 and S-1 documents side-by-side Thursday, following Fidelity, which filed its S-1 for its proposed fund earlier this week. Unlike some of its potential competitors, the Bitwise S-1 lacks any language around staking. Ark 21Shares, Fidelity and a few others included such language in earlier filings. Read more: Ark 21Shares amends spot ether ETF proposal to include staking language Bitwise would…
Trading bots managed via the crypto-friendly messaging app Telegram often require users to input their private keys so they can make trades on their behalf. The increasing numbers of these bots suggest that meme coin traders are happy to forgo one of crypto’s core tenets, self-custody, to smooth the process of buying into the latest hot token. After all, when betting on the next crypto moonshot, it’s best to be early. The likes of Maestro, BonkBot, and Banana Gun significantly reduce friction when ape-ing into the next WIF, and some are specifically designed to ‘snipe’ freshly launched tokens. Rather than…
Billy Markus, who made the iconic meme cryptocurrency Dogecoin in collaboration with Jackson Palmer, has published a tweet, sharing the “technology” used by those who are launching various small-cap meme coins these days. He also explained why he is not planning to buy any of these meme cryptocurrencies. In another tweet, Markus shared his wallet address, jokingly offering people to send him SOL meme coins. On the Twitter/X network, Markus is known as “Shibetoshi Nakamoto.” DOGE founder not going to buy any meme coins Billy Markus published an ironic tweet, offering the crypto community to send him SOL meme coins…
Cryptocurrency miner Hut 8 Corp has published a report on its results over the past six months. According to the company’s press release, Hut 8 increased revenue to $60.6 million for the six months ending Dec. 31, 2023. Financial reporting highlights for Hut 8 include a 32% increase in revenue and a significant increase in net income to $6.2 million, compared to the previous net loss. The Bitcoin (BTC) mining cost was $18,815, and the company mined 1,244 Bitcoins during this period. Hut 8’s energy cost per MWh was $44.52, reflecting its efficiency in managing energy costs. “With this in…
After debuting a bitcoin ETF and eyeing the launch of an ether-focused counterpart, Franklin Templeton also continues to build out another segment of crypto products. The fund giant, with more than $1 trillion in assets under management, has launched the Franklin Templeton Digital Asset Dynamic BTC/ETH separately managed account (SMA), the company said Tuesday. SMAs offer a nuanced approach to investing, allowing investors greater customization in terms of asset diversification and tax optimization strategies. In the crypto realm, SMAs offer investors exposure to a range of exposures that go beyond bitcoin — currently the only crypto asset that US ETFs…
In an exciting development for the artificial intelligence and blockchain communities, Golem Network, a trailblazing decentralized computing platform, has announced a groundbreaking partnership with Gamerhash AI. This strategic alliance is poised to revolutionize the supply of GPU resources, catering to the burgeoning needs of the AI sector. Golem Network, renowned for its pioneering role in the Web3 and DePIN (Decentralized Peer-to-Peer Information Networks) domains, is expanding its horizons. By joining forces with Gamerhash, a platform celebrated for its unique model that allows gamers to earn by sharing GPU computing power, Golem is set to redefine the landscape of computational resources.…
Insurance broker Marsh has introduced a digital asset custody insurance product providing capacity up to $825 million, the largest facility of its kind, the firm said in a press release on Tuesday. Marsh, which has over 45,000 staff and is part of professional services giant Marsh McLennan, said the new insurance product will support organizations with digital assets held offline in cold storage, as well other custody solutions such as Multi-Party Computation (MPC), where cryptographic keys are split into shards, Marsh said. Crypto insurance has traditionally been thin on the ground, with many exchanges and large trading firms simply holding…
The IOTA EVM has officially soft-launched ahead of the anticipated full launch by the end of the month, with the IOTA Foundation closely monitoring the progress. The EVM will be a game-changer, allowing the deployment of smart contracts, feeless token implementation, and high scalability at over 700 transactions per second. The IOTA Foundation has announced the soft launch of the IOTA EVM, ushering in a new era of opportunities, connectivity and interoperability. Susanne Krone, the Head of Ecosystem at the Foundation, revealed the launch on Monday, stating: This strategic move marks the beginning of a carefully phased roll-out, during which…
New York — Injective, the blockchain at the forefront of decentralized finance (DeFi), has announced the launch of SA World, a groundbreaking move to fuse GameFi into its industry-leading DeFi framework.—Developed by OneChain Studios and backed by major ventures like Pantera, Coinbase, and Spartan Capital, SA World, formerly a dominant gaming network on Polygon and BNB Chain, emerges as the ultimate Web3 gaming hub, presenting a diverse array of rewarding games alongside streamlined game management tools.The transition to Injective signifies a pivotal moment in elevating the Web3 gaming landscape. With its migration from Binance Smart Chain, SA World introduces players…