Author: NBTC
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…
The Cardano blockchain settled a transfer of over $840 million worth of assets with a mere $0.5 fee, a lower figure than most blockchains and traditional systems. The Cardano network recently showcased its ability to settle transactions with low fees by facilitating the transfer of over $840 million in ADA for just five cents, a feat that would have been unimaginable with traditional financial systems. The transaction occurred on March 20, with the user transferring 1.32 billion ADA. The value brought the balance on the receiving address to 1.73 billion ADA ($1.07 billion), which it still holds at the time…
The phenomenon of the Bitcoin halving is a cornerstone event in the crypto world, fundamentally altering the economic landscape for miners and investors alike. Occurring approximately every four years, this event reduces the reward for mining new Bitcoin blocks by half, a mechanism designed to control the supply of Bitcoin and mimic the scarcity-driven value preservation seen in precious metals. As we approach the next halving in 2024, the Bitcoin community keenly focuses on its potential impacts on the market and mining operations. In this shifting environment, GoMining emerges as a noteworthy entity, offering innovative solutions to the challenges posed…
The outflow from crypto investment products from March 16 to 22 reached $942 million after the maximum historical inflow of $2.92 billion. CoinShares experts note that previously, positive dynamics were observed for seven weeks. During this period, inflows into instruments amounted to $12.3 billion. Trade turnover amounted to $28 billion after a record $43 billion the previous week. Source: CoinShares The main driver of the negative dynamics was outflows from GBTC from Grayscale for $2 billion. They exceeded net inflows to its competitors ($1.1 billion). As a result, market participants withdrew a record $904 million from Bitcoin (BTC) related instruments…
Conflux Network is partnering with fintech firm AnchorX to launch AxHKD, a Hong Kong dollar-pegged stablecoin, as early as Q2 2024. This move comes on the heels of the Hong Kong Monetary Authority’s (HKMA) launch of a regulatory sandbox for stablecoin issuers last week. Q2 Launch Targeted, Subject to Regulations Fan Long, Conflux CEO, expressed optimism about the launch timeframe, stating, “We hope they [HKMA] could push it as soon as possible. If it’s going fast, maybe in Q2, people will be able to get them from exchanges, which is the fastest possibility.” However, he acknowledged that the final timeline…
BlackRock’s latest foray into real-world asset (RWA) tokenization marks a seismic shift in the financial system. This groundbreaking venture has the potential to unlock a staggering $16 trillion market by 2030. Consequently, propelling the tokenization of real-world assets into an unprecedented growth trajectory. BlackRock Bets Big on RWA Tokenization Real-world asset tokenization is a process that converts the ownership of tangible assets into digital tokens on the blockchain. This innovation democratizes investment opportunities by fragmenting assets such as real estate and commodities into tradeable tokens. It also amplifies liquidity and extends global reach, obliterating geographical constraints for investors. The growing…
Two significant investors, known colloquially as “whales,” have made massive purchases of Pepe (PEPE) coins, totaling an astounding 560.2 billion coins. This development, highlighted by the cryptocurrency analytics platform Spot On Chain, has sparked a flurry of discussions and speculation about the popular meme coin. According to data shared by Spot On Chain, these purchases come as the price of PEPE saw a notable rebound, increasing approximately 11% in the last 24 hours. The substantial acquisitions by the whales coincide with this price rebound after the recent crypto crash, indicating a potentially strategic move to capitalize on fluctuating market conditions.…
Decentralized exchanges (DEX) weekly trading volume fell by 24,5% in the past seven days, according to DefiLlama’s data. Within the top 10 blockchains by traded volume, Polygon’s 40% slump was the worst, followed closely by Avalanche’s 39,5% fall. Not even meme coin’s favorite chain Solana escaped the fall in weekly trading volumes, with a considerable slide of 20%. Base, on the other hand, rose over 64% in the same period driven by its own ‘meme coin mania.’ Starknet also saw positive weekly variation, with 28% more activity in its DEXes. DEXes’ weekly trading volume divided by chain. Image: DefiLlama Tristan…
The FTX bankruptcy estate has reached a deal to sell the majority of its shares in artificial intelligence startup Anthropic to two dozen institutional investors, raising $884 million. According to Friday court filings, the top buyer is ATIC Third International Investment Company, a tech investment company wholly owned by the government of Abu Dhabi’s sovereign wealth fund, Mubadala. ATIC has agreed to purchase 16,664,167 shares of Anthropic from FTX for $500 million. Other buyers include Jane Street Global Trading – an affiliate of the erstwhile employer of former FTX CEO Sam Bankman-Fried – “certain funds” tied to Fidelity Investments and…