Author: NBTC
The fusion of artificial intelligence (AI) and blockchain technology draws substantial interest and investment from venture capitalists. The first quarter of 2024 has seen a notable influx of funding into startups developing innovative AI-blockchain solutions. This signals a resurgence of confidence in the crypto market following the introduction of Bitcoin exchange-traded funds (ETFs) in January. Millions Flow Into AI Tokens The recent trend reflects a significant recovery from the downturn experienced in 2023. At the time, venture capital in the crypto and blockchain sector declined to $5.75 billion across 58 funds. According to Galaxy Digital, this was a stark contrast…
Cardano is a third-generation blockchain platform with a reputation for its scientific approach to development. The wide applicability makes it attractive for startups considering features like scalability, interoperability, and sustainability. Its architecture, which is well established, and security points make it suitable for sectors like finance, healthcare, and supply chain management. Let us investigate how beloved Cardano’s features can revolutionize the finance industry and others. Healthcare and Pharmaceuticals Sectors The use of Cardano’s blockchain in healthcare and pharmaceuticals may completely change how medical record keeping is done, with the data being kept securely and transparently. Startups can use those functions…
Shrapnel, the anticipated first-person shooter being built on Avalanche, has unveiled a string of new updates for players participating in its early access experience on PC via the Epic Games Store, including the launch of a marketplace for purchasing premium cosmetic items. Neon Machine launched the Shrapnel Training Exercise 2 (STX2) version of the early access game on Wednesday, which introduces equipable in-game cosmetics like premium weapon skins that players can purchase using the game’s SHRAP token. “The debut of our marketplace and premium cosmetics marks a pivotal milestone in our journey towards a unique Shrapnel economy that rewards creators…
Prominent economist and gold advocate Peter Schiff has issued a stark warning to investors of Bitcoin exchange-traded funds (ETFs), predicting a potentially grim future for those betting on the cryptocurrency’s ETF-driven rally. According to Schiff, the surge in Bitcoin’s price, which recently saw the digital currency reclaim the $67,000 level amid growing hype around Bitcoin ETFs, could be setting up for a dramatic reversal. Schiff argues that the ETFs are “the tail that wags the Bitcoin dog.” The ETFs have fueled Bitcoin’s ascent, but they could also lead to its downfall due to a potential mismatch in supply and demand…
London-based Keyring raised $6 million in venture capital funding to expand its on-chain compliance platform, which is targeted to institutional investors and protocols, the firm said Tuesday. Gumi Cryptos Capital and Greenfield Capital led the seed investment round, with Motier Ventures, Kima Ventures and others also participating, the company said. The investment comes as regulatory bodies of key global financial hubs are setting rules for companies on how to interact with digital assets, paving the way for more institutions to offer crypto services. Hong Kong’s central bank is starting a regulatory sandbox for stablecoin issuers, while the U.K.’s financial watchdog…
March 2024 is set to experience an astounding transformation in the crypto market with a huge amount of token unlocks. According to Token Unlocks data shared on Wu Blockchain’s X account, these unlocks include SUI, APT, ARB, APE, MANTA, PIXEL, IMX, ID, YGG, OP, and PRIME. According to TokenUnlocks, large-amount unlocks in March include SUI APT ARB APE MANTA PIXEL IMX ID YGG OP PRIME, etc., with an unlock value of over 2.919 billion US dollars; of which the ARB unlock value is approximately 2.212 billion, including 673 million ARBs belonging to… pic.twitter.com/v7dFaWqHYm — Wu Blockchain (@WuBlockchain) March 1, 2024…
Bitcoin (BTC), the leading cryptocurrency, continues its remarkable bullish run, surpassing the $65,000 mark on Monday and inching closer to its all-time high of $69,000. Simultaneously, BTC has achieved a significant milestone against the Euro as economic concerns escalate across Europe. BTC Achieves Record Highs Against 14 G20 Currencies Despite previous skepticism from European authorities, Bitcoin has soared to an all-time high of $60,200 against the official currency of the European Union (EU). This achievement is noteworthy, considering the Euro’s recent depreciation against Bitcoin, as depicted in the chart below. On February 22, the European Central Bank (ECB) expressed doubts…
Not long after slamming cryptocurrency enthusiasts as the “degenerate losers” after rumors had started that he might be planning to launch his own digital asset, controversial influencer Andrew Tate has again shaken the cryptoverse by claiming he had made a fortune during the last crypto bull run. As it happens, the social media personality and former professional kickboxer recently voiced his opinion on the current state of the crypto market, drawing attention to the differences between meme coins and blockchain projects he believes have real-world applications, in an X post on March 18. What did Andrew Tate say? Indeed, Tate…
The former director accuses the U.S. federal government of suppressing XRP price as he encourages crypto fans to vote for Attorney Deaton in the upcoming Senate election. For years, there have been a series of debates regarding whether the price of XRP is being suppressed. With several community members believing that XRP’s price has been suppressed for years, some people blamed Ripple for this suppression. Experts like pro-XRP YouTuber Jerry Hall claimed that Ripple’s monthly XRP sales are responsible for the price suppression. It bears mentioning that Ripple sells hundreds of millions of XRP monthly to finance its operations. Federal…
Bitcoin (BTC) is on track to reach an all-time high before the end of the week, according to Markus Thielen, research director at cryptocurrency research firm 10x. Thielen’s prediction comes as Bitcoin hit an all-time high against the Euro on Monday and is nearing a record against the US dollar. In a note titled “Bitcoin’s Price Action This Week Will Surprise Everyone,” Thielen emphasized the importance of the weekend price action. He noted that attempts were made to liquidate leveraged long positions but there were no sellers. At the time of writing, Bitcoin was trading at just over $67,000, up…