Author: NBTC
Ex-FTX US president Brett Harrison has raised an additional $12 million in seed funding for his latest venture, Architect. The startup offers crypto trading infrastructure for institutional investors. It is reportedly slated to launch a derivatives brokerage within the next two months. The round was led by Blocktower and Tioga Capital, with participation from other investors including Coinbase Ventures, ParaFi Capital and SVAngel. Despite his FTX ties, Harrison has managed to avoid becoming a pariah in the funding world. He left the firm prior to its sudden fall and has said the move was planned since April 2022. In January…
Decentralized storage platform Arweave’s AR token jumped to an 18-month high amid several developments within the blockchain network’s ecosystem. Data from CryptoSlate show that AR’s value rose to $14.68 after it soared by around 20% during the past day. This continued a run that has seen it gain over 65% during the past seven days, making it the fourth-largest filesharing blockchain network with a market capitalization of $936 million. Arweave provides storage for any type of file, including web pages, gaming data, and images, permanently and sustainably with a single upfront payment. Viewblock data shows that 76.15 pebibytes, or 85.7…
Jim Bianco has raised concerns over the potential for a new kind of volatility in the bitcoin market, spurred by the dominance of speculative traders in the recently approved spot bitcoin ETFs. This development, he warns, could lead to significant regulatory repercussions for the broader crypto industry. Spot Bitcoin ETFs Could Spell ‘Vol-Mageddon’ for Crypto, Says Analyst In a recent post on X, Jim Bianco, a prominent market analyst, has issued a stark warning regarding the potential vulnerabilities introduced to the bitcoin market by the approval of spot bitcoin Exchange-Traded Funds (ETFs). Bianco’s concerns center on the composition of the…
M^0 white paper has set rules to allow crypto institutions to mint and issue fully decentralized and fungible stablecoins backed by U.S. Treasury bills. The team is backed by Pantera and led by stablecoin pioneers from MakerDAO and Circle. The M^0 protocol aims to recreate the $5 trillion-$20 trillion offshore dollar market for the digital age. M^0 (pronounced “M Zero”), a protocol that allows global institutions to mint fungible T-bills backed stablecoins, has unveiled its white paper, website and other details about the protocol. The team, which includes heavy-hitting stablecoin pioneers from MakerDAO and Circle, emerged from stealth last year…
Non-fungible tokens (NFTs) have exploded in popularity for their ability to represent unique digital assets. However, a lingering challenge has been the lack of liquidity in NFT markets. ERC-404 offers an innovative solution by coupling the strengths of fungible ERC-20 tokens with the uniqueness of non-fungible ERC-721 tokens. What are the limitations of current token standards? Existing ERC standards like ERC-20 and ERC-721 cater to either purely fungible assets like currencies or entirely unique collectibles like digital art. This division makes it difficult to enable shared ownership or fluid exchange of distinctive digital items. Understanding ERC-404 through the Pandora project…
Ethereum price is gaining bullish momentum above the $2,700 support. ETH remains supported and eyes more upsides toward the $3,000 resistance. Ethereum is consolidating gains above the $2,770 support zone. The price is trading above $2,780 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,700 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move up toward the $3,000 resistance zone. Ethereum Price Remains In Strong Uptrend Ethereum price remained well-bid above the $2,650 level. ETH settled above the $2,700 barrier to move further into…
SNAP token creator, SNAP Inc. disappointed the markets after posting their fourth-quarter results. The Snapchat parent had failed to provide guidance that would create a hopeful sentiment among its investors. Ever since the company posted its fourth-quarter results, the shares of the firm have fallen over 25%, creating worries about its future. Snap Inc shares fall after Q4 results In an interview with Yahoo Finance, Kamran Ansari, the Headline venture partner expressed his disappointment with the firm. He said that Snap “has been flat the last year or so.” This indicated that the stock has underperformed for the past couple…
Hedera Hashgraph’s (HBAR) price has gone parabolic in the past few days as investors cheer the strength of the SaucerSwap DEX platform. HBAR has risen in the past five straight days and reached its highest point since May 2022. There are four main reasons why Hedera Hashgraph has done well lately. First, there are signs that its ecosystem is making progress as it plugs the gap with other popular blockchains. SaucerSwap, the biggest Decentralised Exchange (DEX) in the ecosystem, has seen the Total Value Locked (TVL) surge to a record high of over $127 million. SaucerSwap’s TVL has risen by…
The Bitcoin options market is witnessing a significant surge in activity. A recent notable event in this space was a Bitcoin butterfly spread trade with a notional value of $20 million, according to Greeks.live. The trader is seeking to capitalize on a slight decrease in Bitcoin’s price before March 29, aiming for a maximum profit at the $47,000 mark. This shows a cautious yet opportunistic outlook among large-scale investors or “whales.” Understanding Bitcoin options trading Bitcoin options are a type of derivative contract that gives the holder the right, but not the obligation, to buy or sell Bitcoin at a…
In a surprising twist that’s causing a buzz in the decentralized finance (DeFi) world, Jupiter, a big player in the DeFi scene, has decided to shake things up. They’re taking a bold step by pulling all their tokens, JUP, out of circulation. The gutsy move isn’t just a casual adjustment; it’s a clear signal that Jupiter is all in on making their ecosystem more stable and secure. It’s like they’ve thrown a curveball into the usual playbook of how DeFi projects handle their tokens, challenging the norm and sparking conversations about how things can be done differently. The move by…