Author: NBTC

Woo X has partnered with Kaito, a firm led by former Citatel technicians that has built a machine learning driven search engine for crypto sentiment across platforms like X and Discord. Woo X plans to invite bets on weekly copy trading competitions between the most copied human traders and George, the AI. Cryptocurrency exchange Woo X has added an AI-powered lead trader, called “George AI,” to the platform’s copy trade application unveiled earlier this year, letting users emulate a machine learning crypto sentiment engine, and also allowing for weekly bets on man versus machine. Woo X has partnered with Kaito,…

Compass Mining is constructing a new Bitcoin mining facility in Iowa, aiming to expand its self-owned infrastructure portfolio in the United States. Compass Mining’s Iowa Expansion Highlights Growing U.S. Presence Compass Mining has announced the development of a bitcoin mining facility on a five-acre site in Iowa. The company plans to energize eight megawatts (MW) of capacity by January 2025, with further expansion up to 30 MW. This marks a notable addition to Compass Mining’s growing network of self-operated sites. The Iowa facility is part of Compass Mining’s strategy to reduce dependence on third-party operators by owning and managing its…

Bitcoin’s future value remains a hot topic, with Finder’s latest survey reflecting expert opinions on its trajectory. While BTC is expected to hit $77,636 by the end of 2024, long-term projections predict growth to $113,364 by 2025 and $282,238 by 2030. Despite this cautious optimism, opinions are divided, especially concerning bitcoin’s mainstream adoption for everyday transactions. Bitcoin’s Future: Mixed Forecasts and Slow Adoption Prospects Comparison platform Finder’s October 2024 survey offers a detailed outlook on bitcoin’s projected value over the next several years, incorporating expert insights from 28 crypto specialists. “On average, our panelists think bitcoin (BTC) will be worth…

In a revealing study, the Bank for International Settlements (BIS) challenges the notion of decentralization in liquidity provision on decentralized exchanges (DEXs). This analysis of Uniswap v3 indicates that despite technological advancements, the dominance of institutional liquidity providers (LPs) shapes the DeFi landscape. According to BIS researchers, “These players hold about 80% of total value locked and focus their attention on liquidity pools that have the most trading volume and are less volatile.” This article examines BIS’s findings on liquidity provision in DeFi, highlighting the influence of institutional players on decentralized markets. The Reality of Liquidity Provision in DeFi: Insights…

The Ethereum ecosystem is clearly at a turning point when examining the larger picture and a price chart provided below. Let’s examine the ongoing discussion surrounding the rollup model and its relationship to Ethereum’s price patterns. The function of based rollups in Ethereum’s scaling roadmap is a topic of debate among Vitalik Buterin and other Ethereum community members. Security, interoperability and scalability are the three main problems that rollups are supposed to address simultaneously. The previous overly ambitious Ethereum 2.0 specifications, which experienced delays and rewrites, are reminiscent of this all-in-one approach. Critics argue for modularity, which treats interoperability and…

Social media is buzzing with posts about Peanut, a popular pet squirrel with 500,000 Instagram followers, who was euthanized by New York state officials. In the wake of this, a wave of Peanut-themed meme coins has taken off, showing substantial gains over the weekend. Peanut the Squirrel’s Legacy Lives On in Meme Coins and Social Media Buzz Peanut the squirrel rocketed to internet stardom, joining the ranks of other adored animal icons like Moo Deng, the baby pygmy hippo from Thailand’s Khao Kheow Open Zoo. Through his Instagram, where Peanut shared the spotlight with his owner Mark Longo, the duo…

A groundbreaking partnership between Metacade and SuperVerse has set the stage for an exciting chapter in blockchain gaming with the largest-ever pool prizes on Base. Metacade is the leading hub in on-chain gaming while SuperVerse is the prominent player in the GameFi space. Together, they have introduced a $10,000 prize pool for Gangs of Metacadia (GoM). It’s time…Metacade just got a $SUPER upgrade 🎮🔥🟩@SuperVerse pic.twitter.com/nKHthgeYUB — MCADE 🎮 METACADE (@Metacade_) November 19, 2024 Gangs of Metacadia is the flagship game of Metacade which marks one of the largest rewards ever offered on the Base blockchain. This collaboration pushes the boundaries…

Carrot Swap, a decentralized exchange, and Nichome, a platform aimed at becoming the primary portal for Neo X have announced a partnership. This collaboration will allow Carrot Swap users to earn X Credits on Nichome by performing actions such as token swaps. Nichome Nichome is designed to facilitate user participation in the Neo X ecosystem by combining asset activity with user engagement. The platform team plans to introduce a suite of features aimed at streamlining asset transfers and incentivizing user activity. Key intended functionalities include: Asset transfers: Allowing seamless transfers between EVM-compatible blockchains, Neo X, and Neo N3. Staking and…

The publicly listed Bitcoin (BTC) miner from Wall Street and London’s City, Argo Blockchain (NASDAQ: ARBK, LSE: ARB) reported a net loss of $6.3 million in the third quarter as the cryptocurrency mining company grappled with challenging market conditions and reduced mining margins. Revenue fell to $7.5 million in Q3, down 28% from $10.4 million in the same period last year. The company mined 123 Bitcoin during the quarter, averaging 1.3 BTC per day. Mining margins contracted significantly to 8% from 58% in the year-ago period, when the company benefited from power credits due to economic curtailments. Adjusted EBITDA swung…

In a strategic move, Sygnum, a prominent digital asset banking group, has opened a new office in Lugano, Switzerland. This location is significant as Lugano is the largest city in the Italian-speaking Canton of Ticino. The office aims to better serve local clients and strengthen ties with the growing Bitcoin and digital asset community. 📣 News: Sygnum Establishes Lugano Office and Launches Bitcoin Initiative to Advance Regulated #Bitcoin Products and Research https://t.co/Mb80XjRyMG▪️ Sygnum establishes new office in the Plan ₿ HUB in Lugano, Switzerland, to expand client services for growing local client… — Sygnum Bank (@sygnumofficial) October 24, 2024 New…