Author: NBTC
CBRT announced its interest rate decision for March 2024. The CBRT Monetary Policy Committee increased interest rates by 500 basis points to 50% in March. The expectation was that the policy rate would be kept constant at 45% in March. CBRT did not make any increase in line with expectations in February and kept it constant at 45%. What Was the Dollar’s Reaction to the Interest Rate Decision? As you may remember, in previous meetings it was stated that the low interest policy would be abandoned and interest rates would be increased. At this point, while the CBRT continues to…
The United Kingdom can learn from what other countries have gotten right — and wrong — with digital asset regulation, policymakers said Wednesday. “We have such an opportunity in the UK because we’ve seen what’s happening in the [European Union]…and indeed to a large extent what isn’t happening in the United States,” Lord Chris Holmes, member of the UK House of Lords, said Wednesday. Lord Holmes appeared alongside Dr. Lisa Cameron, Member of UK Parliament, during a panel discussion at the Blockworks Digital Asset Summit in London. The two agreed that establishing clear, effective innovation quickly is essential. Read from…
If you are a multi-chain user, you have probably heard of Pyth Price Feeds. They crop up everywhere in the context of L2s and EVM networks – as well as on a host of non-EVM chains including Solana. But while this infrastructure technology may be ubiquitous, it’s not widely understood. Unless you’re a developer, price-feed oracles are an abstract concept at best. Here’s how they work with Pyth – and why they’re so important in the omnichain era. Oracles everywhere Pyth Price Feeds are a popular type of oracle designed to deliver real-time data from an array of markets. Blockchains…
Blockchain protocol MakerDAO (MKR) continues to see significant gains, maintaining a strong upward trend throughout the year. MKR has seen significant growth of over 358%, accompanied by positive metrics reflecting increased adoption and usage of the protocol. In addition, upcoming voting initiatives aim to further increase the platform’s benefits for its stakeholders. MakerDAO Announces Plans For Rate System Changes In a recent announcement, MakerDAO stated that it closely monitors developments in the cryptocurrency market and has gained a better understanding of the impact of recent proposals. As a result, the protocol is recommending the next set of changes to its…
EMB: March 21, 12:00 UTC Tensorplex Labs, a Web3 and artificial intelligence (AI) startup, raised $3 million in a round led by Canonical Crypto and Collab+Currency. The company will use the funds to develop a decentralized AI infrastructure. Tensorplex Labs, a Web3 and artificial intelligence (AI) startup, raised $3 million in seed funding to expand the infrastructure for decentralized AI networks. The round was led by Canonical Crypto and Collab+Currency and included participation from big-name crypto investors such as Digital Currency Group (DCG), Quantstamp and Amber Group, Tensorplex said in an email. Tensorplex said decentralization is an antidote to the…
Jian Wen was found guilty of money laundering by a London jury that couldn’t reach a decision on two other charges. Jian, who denied the allegations, was previously acquitted of other money laundering charges at a separate trial. A U.K. citizen was found guilty of laundering huge amounts of bitcoin (BTC) for a Chinese fugitive tied to an alleged $6 billion investment fraud, Bloomberg reported on Wednesday. Jian Wen, who denied the allegations, helped her former employer launder the funds between 2017 and 2022, a London jury found. The jury couldn’t reach a decision on two other charges. The 42-year-old…
Outlier Ventures and peaq have announced a groundbreaking collaboration to launch the DePIN Base Camp Accelerator program. Decentralized physical infrastructure networks (DePINs) can be developed and used faster with this initiative. DePINs reportedly will change many aspects of life. peaq and Outlier Ventures (@OVioHQ) present:DePIN Base Camp 🏕️An accelerator program empowering the next generation of visionary #DePIN founders, by #Web3’s biggest accelerator and fastest-growing Layer-1 for #DePINs ✨⏰ 12-week program💰 Up to $200k in funding📅… pic.twitter.com/Dl6x2wfTy6 — peaq (@peaqnetwork) March 19, 2024 DePIN Base Camp to Launch 12-Week Program DePINs are at the forefront of the transition to Web3. They…
Frax’s singularity road map sets a target of $100 billion in TVL for its layer 2 Fraxtal and plans to launch 23 new layer 3s. The proposal calls for reviving the few switch mechanisms to boost liquidity for the FXS governance token. Decentralized finance (DeFi) protocol Frax Finance released a singularity road map on Friday to boost the total dollar value of crypto assets locked in its layer 2 blockchain Fraxtal to $100 billion by the end of 2026. As of the time of writing, the so-called total value locked (TVL) in Fraxtal was $13.2 million, according to data tracked…
Court bars MetaBirkins NFT creator from museum display, citing trademark concerns raised by Hermès lawsuit. Mason Rothschild, the artist behind the controversial MetaBirkins NFT, has been banned from showcasing the pieces at a museum exhibition for Stockholm-based Spritmuseum after Hermès won a trademark lawsuit against them, court documents from March 13 revealed. Spritmuseum’s MetaBirkins NFT Display Would Cause “Deep Concerns,” Judge Says Rothschild (also known as Sonny Estival) was found liable for trademark infringement last month after French fashion house Hermès sued him over the MetaBirkins NFT project. Rothschild claimed the project, which depicted the designer company’s iconic Birkin bag…
The team behind Tanssi appchain infrastructure protocol, Moondance Labs, have secured $6 million in a strategic fundraising round headed by venture capital companies Scytale Digital, KR1, and SNZ. Several well-known blockchain venture capital firms, including Arrington Capital, Borderless Capital, Hypersphere, and Blockchain Founders Fund, as well as angel investors like Gavin Wood, contributed to the round. George McDonaugh, Managing Director and Co-Founder of KR1, commented: “The Moondance Labs team has made great progress over the past year, delivering on Tanssi’s roadmap to become the go-to tool for appchain developers. We are very excited to support them on their journey as…