Author: NBTC

EDF subsidiary Exaion has become a validator on the Chiliz Chain. Chiliz is seeking to leverage Exaion’s expertise in energy and technology. Exaion follows French soccer giant PSG, which also recently became a Chiliz validator. Exaion, a subsidiary of France’s state-owned energy company EDF, became a network validator for the Chiliz Chain, joining one of the country’s leading soccer teams in securing the network that hosts fan token trading for Socios.com as it looks to expand its blockchain efforts into sports and entertainment. Chiliz is seeking to leverage Exaion’s expertise in the energy and tech sectors, according to an emailed…

Lee Hepner, senior legal counsel at the American Economic Liberties Project, has opined that Ripple is in a precarious position after the U.S. Securities and Exchange Commission (SEC) filed its motion for roughly $2 billion in penalties and fines against the company. “Ripple might not be toast yet, but they’re in the toaster,” the legal analyst said. Hepner described the SEC’s motion as “explosive” since it includes details of how the company’s “reckless disregard for law” persisted even after a federal court found them liable. The SEC pointed to the fact that Ripple continued illegal offers and sales of unregistered…

The Solana-based Mad Lads non-fungible token (NFT) collection has topped the daily sales chart with a surge in market activity. Over the past 24 hours leading to 1 p.m. ET on Tuesday, Mad Lads experienced a 166% rise in sales, amounting to US$1.62 million, and a 1.74% increase in transactions, totaling 52. This surge has propelled Mad Lads’ cumulative volume to a new high of US$150 million, now at the 42nd spot for all-time sales. This is the second consecutive day that a Solana-based collection led the NFT market as Mad Lads’ takes the top spot from Frogana. Frogana’s daily…

Despite the notion that portfolio hedging is a preserve for institutional investors, Robby Greenfield, the CEO of Umoja Labs, says even retail investors can use well-known techniques to insulate their crypto portfolios against sudden and steep price swings. The CEO however concedes that many retail investors have not engaged in hedging because such tools have not been accessible to them. Ways Retail Investors Can Hedge Against Losses Greenfield, a Goldman Sachs alum, asserts that without hedging, retail investors will be at the mercy of crypto hedge funds and whales known to “sell their losses to retail investors.” According to Greenfield,…

Floki and TokenFi partnered with the World Table Tennis Championship in South Korea. The event is set to reach 450 million viewers, expanding Floki’s global presence. Strategic move taps into South Korea’s crypto landscape and Asia’s table tennis craze. Floki and TokenFi are making a significant splash in the sports industry as they secure their position as the Official Cryptocurrency Partner for the upcoming World Table Tennis Championship in Incheon, South Korea. FLOKI AND TOKENFI TO BE THE OFFICIAL CRYPTO PARTNER FOR WORLD TABLE TENNIS CHAMPIONSHIP IN SOUTH KOREA, SET TO REACH HALF A BILLION PEOPLE#Floki and #TokenFi are making…

The Government of Paraguay will strengthen the measures directed to combat the illegal cryptocurrency mining operations in the country. In a recent meeting, ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, agreed to deal with these crimes swiftly given the damages they cause to the Paraguayan power grid. Paraguay Prepares to Fight Illegal Cryptocurrency Mining The government of Paraguay is preparing to fiercely fight illegal cryptocurrency mining operations. In a meeting held last week between ANDE, the National Power Administration, the Supreme Court, and the Department of Justice, it was agreed to expedite several actions…

DigiFT recently unveiled its latest offering in the form of US Treasury Bill depository receipt tokens. This innovation introduces direct beneficial ownership in US Treasury Bills to the blockchain. The significance of this launch lies in its approach to solving a longstanding issue within Real-World Asset (RWA) tokenization—the challenge of legally and accurately representing ownership and interest. US Treasury Bill Tokens Now on Real-World Assets Exchange The concept of depositary receipts has a rich history in facilitating international investment, dating back to their inception in the 1920s. Traditionally, these instruments enabled investors to access foreign markets with relative ease. Adapting…

Over the past few hours, the price of Stacks (STX) has skyrocketed over 30%, reaching an all-time high of $3.65. The token has risen from an intraday low of $2.75 on March 20, but has retreated slightly and is trading at $3.36 at the time of writing. Moreover, since the beginning of this year, the asset has grown by an impressive 125%. Stacks allows developers to write smart contracts for the Bitcoin network. The impetus for the price increase was the approval of a major upgrade to the Stacks protocol called Nakamoto. On March 20, the Stacks Foundation announced that…

The Nasdaq-traded company specializing in bitcoin mining, Bitdeer, has unveiled its strategy to boost its overall hashrate by an additional 3.4 exahash per second (EH/s) through the deployment of its proprietary Sealminer A1 mining devices. These advanced rigs are slated for setup within Bitdeer’s mining facilities located in Texas and Norway, targeting the latter half of the year for completion, specifically in the third and fourth quarters. Bitdeer to Deploy Sealminer A1 Bitcoin Mining Rigs In the first week of March, Bitdeer (Nasdaq: BTDR), made headlines by introducing its proprietary cryptocurrency mining processor, the SEAL01, utilizing a cutting-edge 4-nanometer (nm)…

Binance Labs announced that it has invested in StakeStone to support the Omnichain liquidity distribution network. Binance Labs, the venture capital and incubation arm of Binance, has invested in StakeStone, a staking protocol designed to connect multi-chain liquidity and provide staking, future re-staking returns and liquidity to emerging chains and ecosystems. “Leveraging STONE, a yield-bearing ETH token, StakeStone brings native staking returns and liquidity to Layer 2 (L2) networks. “It is designed with a highly scalable architecture that facilitates compatibility with multiple staking underlying assets, supporting ETH POS staking, Eigenlayer repurchase including LRT, LST repurchase and local repurchase, and all…