Author: NBTC

Nirvana Labs is debuting its Nirvana Cloud computing service meant to work specifically with blockchain workloads. CEO Dan Burke told Blockworks that the startup raised $1.7 million in pre-seed funding, and counts blockchain platforms like Chainlink and Avalanche as clients. According to Burke, the company is hoping to lure Web3 projects away from more general purpose cloud providers like Amazon Web Services (AWS) and Google Cloud, which are widely used across many industries, including the crypto space. But Nirvana is not building a decentralized computing platform, a la Golem, nor a decentralized storage solution like IPFS. Rather, it’s taking the…

The Financial Action Task Force (FATF) has downgraded Russia’s compliance rating due to its “insufficient regulation of virtual assets and cryptocurrencies.” Vedomosti reported that German Neglyad, the Deputy Head of the domestic anti-money-laundering regulator Rosfinmonitoring, said the Russia FATF rating was confirmed at a plenary meeting on February 23. Russia FATF Rating: Crypto Regulation Costs Moscow Neglyad said that the Eurasian Group on Combating Money Laundering and the Financing of Terrorism (EAG) conducted an analysis that resulted in the downgrading. The EAG is a FATF affiliate, and its assessments were approved by the international body, Neglyad added. The bodies also…

Recent data from the on-chain analytical platform, IntoTheBlock, has revealed promising insights for Ethereum (ETH) investors. With the current price hovering around $3,944, the data indicated that no notable barriers are preventing Ethereum from reaching an all-time high (ATH). Profitability of Ethereum addresses IntoTheBlock’s statistics show that 94.3% of Ethereum addresses are profitable. Of the 111.04 million Ethereum addresses, 104.71 million are “In The Money,” the highest figure in over a year. This data reflects a highly favorable sentiment for Ethereum, with the majority of investors experiencing increases in their holdings. While the majority of Ethereum addresses are in profit,…

Cardano is witnessing an influx of market participants, with active addresses skyrocketing to a high above 76,000 amid ADA’s attempt to breach the $0.80 territory. Cardano (ADA) has continued to attract attention from investors, further putting the “ghost chain” claims to bed. The asset recently saw a surge in daily active addresses, a trend which indicates a growing rate of network activity. Cardano Active Addresses Hit Yearly High Notably, data from Santiment shows that the number of daily active addresses increased to a new yearly high of 76,445 on March 6, while the asset looked to recover from the massive…

Laser Digital, a Nomura subsidiary specializing in digital assets, disclosed its collaboration as a data provider with Pyth Network, according to the information shared with Finbold on March 7. The partnership marks a milestone in Laser Digital’s quest to redefine the use of financial market data within a decentralized ecosystem. Initially, Laser Digital will furnish crypto pricing data to the network, while Pyth has expanded to incorporate more than 400 price feeds, including traditional assets such as stocks, foreign exchange (Forex), and commodities. How can Laser Digital and Pyth work together? In its three years in the market, Pyth Network…

Known as historical legal opponents, the court drag between Grayscale Investments and the United States Securities and Exchange Commission (SEC) does not appear to be ending anytime soon. SEC Stalling on Bitcoin ETF Options Trading Decision From current speculations by legal experts in the industry, there are strong possibilities that Grayscale may choose to pursue legal actions against the U.S. securities regulator over the eventual rejection of its Options trading request for its Grayscale Bitcoin Trust (GBTC). The President of ETF Store Nate Geraci made this speculation on X about the letter that Grayscale sent to the SEC on this…

Ubisoft, the maker of smash gaming franchises like Assassin’s Creed and Just Dance, isn’t slowing down its embrace of blockchain gaming. In fact, the company just joined another gaming chain as a validator, adding it to the long list of projects it supports in the space. XPLA, a blockchain network founded by traditional gaming firm Com2uS, announced late Thursday that Ubisoft has joined as a new validator for its ecosystem. Validators are responsible for verifying the integrity of the XPLA blockchain and analyzing on-chain data to improve operations. There are now 64 validators participating, according to XPLA. “We are thrilled…

The Ethereum (ETH) cryptocurrency is nearing the $4,000 mark for the first time since late 2021, according to the latest data from CoinGecko. Currently priced at $3,980, Ethereum’s ascent is in line with a broader uptrend in the cryptocurrency market, mirroring the movements of Bitcoin to some extent. The crypto king has once again surpassed the $68,000 level, and it appears to be on track to hit a new record high. The crypto market is also being propped up by an ongoing stock market rally. The benchmark S&P 500 rally recently hit a new all-time high. Growing profitability According to…

In a strategic move to harness the power of community-driven trends, Binance, the world’s leading cryptocurrency exchange, has introduced a groundbreaking feature allowing users to influence the selection of tokens for listing on its futures market. This innovative approach has sparked a flurry of excitement among crypto enthusiasts, particularly those backing the Shiba Inu ecosystem. Following a period characterized by meme-driven fervor, the exchange has capitalized on this momentum by launching a prediction feature. Here’s how it works: users purchase “picks,” each equivalent to one USDT, and cast their votes for the crypto assets they believe should be added to…

In the cryptocurrency industry, the quest for enhanced security measures is perpetual. One promising development on this front is fully homomorphic encryption, a revolutionary form of encryption that could significantly bolster the security of blockchain technology. Amid growing concerns over data privacy and cybersecurity, Paris-based startup Zama’s recent funding success highlights the growing interest and investment in this cutting-edge technology. Is Homomorphic Encryption the Solution? Zama has raised $73 million in a Series A funding round led by crypto venture fund Multicoin Capital and Filecoin creator Protocol Labs. This infusion of capital reflects the industry’s recognition of fully homomorphic encryption’s…