Author: NBTC
Goldman Sachs has been a pioneer in the traditional financial sector with its investment in the digital asset ecosystem, and it’s not slowing down, Mathew McDermott, global head of digital assets at Goldman Sachs, said Tuesday at the Blockworks Digital Asset Summit in London. “We launched the desk [in] 2021,” McDermott said, noting that he believes Goldman Sachs is still the only bank that offers liquidity in cash-settled derivatives, options and futures crypto trading. “And it’s something that we’ve continued to kind of build on through the last few years and it was great,” McDermott added. “Last year was tough,…
The average BTC acquisition cost of most addresses is less than the cryptocurrency’s going market rate. The surge in the so-called “in the money” addresses has bullish implications. Bitcoin’s (BTC) recent bullish momentum has most bitcoin-holding blockchain addresses sitting on unrealized gains on their investments. More than 97% of BTC addresses are now “in the money,” according to data tracked by analytics firm IntoTheBlock. That’s the highest proportion since November 2021, when the largest cryptocurrency by market value hit a record high around $69,000. An address is said to be in the money when BTC’s going market rate is above…
As blockchains push for more decentralization, the crucial component known as the “sequencer” is becoming a bigger focus. Espresso is one of the leading projects working on “shared sequencing.” The project relies on permissionless network nodes. Andreessen Horowitz’s a16z Crypto is viewed as one of the top venture capital firms. Polygon Labs was also an investor. Espresso, a leading specialist in the emerging blockchain field of “shared sequencing,” has raised $28 million in a series B round led by venture capital firm Andreessen Horowitz’s a16z Crypto, according to a press release seen by CoinDesk. The investment round closed in February,…
In a hearing on Capitol Hill, lawmakers considered whether or not the Securities and Exchange Commission needs reform. Representative French Hill, R-AR, brought up the SEC’s recent court loss in its case against Debt Box. The case, in which the defendants claimed that the SEC lied to freeze company assets, was a loss for the regulatory agency after the Utah-based judge sanctioned the agency. “Just in the last few days, a Utah judge imposed sanctions on the SEC for ‘bad faith conduct’ and ‘gross abuse of power’ that the Commission had demonstrated in a case against Debt box. And this…
Fuel Labs, the creators behind the pioneering optimistic rollup Fuel v1, have joined forces with Graviton, a prominent Web3 accelerator in India, to propel the growth of the second volume of Web3 startups. This collaboration follows a two-month nationwide scouting initiative across major cities like New Delhi, Pune, Chennai, Hyderabad, Kochi, and Bangalore.—Newly selected teams, including Ultimate Digits, Evolv Art, Quantlytica, Nexity Network, Allocate Back, GameLand, and Stake-n-Bake, have risen to prominence, demonstrating their potential to become the next wave of successful Graviton-backed startups.The previous cohort of Graviton-backed startups showcased remarkable results, spanning Web3 infrastructure tools, DeFi solutions, payments &…
While there has been no shortage of excitement when it comes to Bitcoin (BTC) ever since the beginning of the final quarter of 2023, the 7 days of trading that started on February 26 have, in many ways, been particularly eventful. After holding close to the $51,000 level for multiple weeks, the world’s foremost cryptocurrency suddenly took to the skies and rose more than $10,000 in but a few days to find itself only $4,000 below its all-time high price by Monday, March 4. The sudden and strong rise bolstered the already significant optimism present in the crypto market but…
The Swiss National Bank (SNB) announced a twenty-five basis point cut to its benchmark interest rate on Thursday, bucking a global trend among other central banks committed to keeping rates elevated. Should others follow, it could be a promising sign for crypto markets—which have historically ebbed and flowed in line with global macroeconomic policy. “For some months now, inflation has been back below 2% and thus in the range the SNB equates with price stability,” explained the central bank regarding its decision. In February, the nation’s inflation rate fell to just 1.2%, with the central bank now forecasting an average…
After it was revealed that the SEC was conducting a campaign to classify Ethereum as a security and an investigation was launched against the Ethereum Foundation, Cardano founder Charles Hoskinson, one of the founders of Ethereum, shared his views on the situation. Hoskinson made his statements following requests from the XRP and Bitcoin community, according to his own statement. Instead, at the center of the investigation, according to the Cardano founder, is the proposition that Ethereum’s transition from the Proof of Work (PoW) consensus mechanism to the Proof of Stake (PoS) consensus mechanism in 2022 actually creates a new cryptocurrency…
In a landmark development, Stake DAO has unveiled its collaboration with Chainlink, integrating the Chainlink Cross-Chain Interoperability Protocol (CCIP) to facilitate seamless cross-chain transfers of the Stake DAO Token (SDT). This integration marks a significant milestone, extending across key blockchains such as Arbitrum, BNB Chain, and Ethereum mainnets. By leveraging CCIP’s Simplified Token Transfer capabilities, Stake DAO is setting a new standard in interoperability, ensuring secure and efficient transactions within its ecosystem. Enhancing Security and Accessibility with CCIP Stake DAO’s choice of CCIP underscores a commitment to unparalleled security and reliability in cross-chain operations. Chainlink’s stellar reputation for maintaining robust…
Bitcoin’s (BTC) price has just reclaimed the $65,000 price mark amid the ongoing rally over the past few weeks. Amid the 5.4% surge in price over the past 24 hours, Bitcoin’s price and market capitalization are now pegged at $65,516.87 and $1,277,114,159,326, respectively. Bitcoin growth triggers Bitcoin’s current rally might be easily attributed to FOMO – fear of missing out – among institutional investors, but it is notably catalyzed by the spot BTC ETF. With the SEC greenlighting this product in January, more than 300,000 BTC have been acquired by all participants thus far. The embrace of this spot Bitcoin…