Author: NBTC

Lumia, the largest RWA blockchain, has revealed that Binance is all set to introduce an Earn campaign involving LUMIA tokens. This initiative, set to begin on October 24, 2024, enables LUMIA token holders to deposit their tokens and earn up to 19.9% APR through Simple Earn on Binance. The campaign will continue until March 21, 2025, allowing users to maximize this sure-to-earn-big opportunity. LUMIA Staking Rewards on Binance Earn According to Binance’s Earn program, LUMIA holders can get a different rate depending on the staking period chosen. Staking begins at an APR of 6.9%, 8% for 60 days, and a…

The publicly-listed Bitcoin (BTC) miner from Wall Street, BitFuFu (NASDAQ: FUFU), announced today (Tuesday) its plans to acquire a majority stake in an 80-megawatt (MW) crypto mining facility in Ethiopia. The US company is seeking access to cheaper energy in East Africa due to increasingly lower margins in the BTC mining industry. The problem lies in the rising costs. For BitFuFu, they increased by 170% over the past year, shrinking net profit by 75%. The acquisition will boost BitFuFu’s total hosting capacity to over 600 MW, with approximately 13% now under direct ownership and operation by the Nasdaq-listed company. This…

Bitcoin (BTC) has evolved into the perfect asset class for governments, banks and corporations across the world; it has the same source of value as the U.S. dollar and Banksy’s artwork, Marathon CEO Fred Thiel says. BTC is valuable because people think it is valuable, CEO Thiel says Bitcoin (BTC) as an asset class is a perfect asset, which can be treated as “hard money,” in Thiel’s view. In coming years, countries, corporations and financial institutions will all be holding orange coins, CEO of Thiel Advisors and Marathon Digital Holdings Fred Thiel says. Marathon CEO Fred Thiel: “#Bitcoin as an…

Crypto lender Ledn said it processed $506 million in loan transactions during the third quarter, according to an Oct. 21 statement shared with CryptoSlate. According to the firm, $437.7 million in loans were issued to institutional clients, while loans to retail clients climbed 225% year-over-year to $68.9 million. This surge in retail loans is credited to the Celsius refinancing program, the launch of crypto ETFs, and a period of reduced market volatility. Ledn has processed $1.67 billion in loans year-to-date, comprising $258.7 million for retail users and $1.41 billion for institutions. Since its founding in 2018, Ledn has facilitated over…

Crypto ETFs beyond bitcoin (BTC) and Ethereum’s ether (ETH) are unlikely to be approved under a Kamala Harris presidency, two ETF experts say. There are applications for ETFs tracking Ripple’s XRP and Solana (SOL), and if Donald Trump wins the U.S. presidential election, their approval odds could improve significantly, the analysts said. Several firms recently began seeking approval to create U.S. exchange-traded funds that track cryptocurrencies beyond the already-approved bitcoin (BTC) and ether (ETH) products. Those applications will probably go nowhere if Democratic Presidential nominee Kamala Harris wins the election in November, according to two ETF experts. The approval of…

Telegram-linked project DOGS is finishing its airdrop this week, with the last tokens being claimed. So far, over 380 billion tokens have been distributed to more than 20.5 million users. With the airdrop coming to a close, DOGS is now preparing for a token burn, where the community will vote on how many tokens to remove from circulation. DOGS Prepares for the Next Step The token burn, aimed at reducing the total supply of DOGS, could help boost its value. Token holders will vote on how many unclaimed coins to permanently remove from circulation. “Our community is the backbone of…

The following is a guest post by Anil Oncu, CEO of Bitpace. Since its inception in 2020, the European Union’s Markets in Crypto-Assets (MiCA) regulation has shed a new light on the European crypto industry. While many have considered the continent a less important player, the fledgling regulation has introduced a new narrative—one where Europe paves a new path for crypto rather than trailing behind the US or Asia in blockchain innovation. MiCA, and the standards it sets, might be the push companies need to deliver better products for all. Delivering these standards is not without its speedbumps. Earlier this…

WazirX denies fund misuse, attributes delays to ongoing custodian onboarding. Security breach led to $230M loss, sparking investigations and liabilities. Indian cryptocurrency exchange, WazirX, is back in the spotlight following accusations from CoinSwitch’s co-founder, Ashish Singhal, regarding the transfer of over $73 million in cryptocurrency to exchanges like Bybit and KuCoin. Singhal expressed concerns about WazirX’s financial stability, fuelling speculation over the exchange’s handling of user funds. However, WazirX’s co-founder, Nischal Shetty, refuted these allegations, calling it a “false narrative” and a “coordinated campaign.” False narrative, looks like coordinated campaign.“secretly moved”? It was us who disclosed the addresses! We all…

NetVRk has launched the alpha version of its AI-powered metaverse, harnessing the stunning graphics of Unreal Engine 5. This cross-platform platform integrates advanced AI technology, enabling users to create immersive virtual worlds and interact with intelligent characters.—With the introduction of a Language Model (LLM), NetVRk enhances user experiences by allowing players to forge relationships with AI companions that can be customized, owned, and traded as NFTs. While metaverse hype peaked in 2021, NetVRk remains committed to pushing boundaries, focusing on user engagement and dynamic interactions.In a recent interview, co-founder Michael Katseli emphasized the platform’s multiplayer gameplay and its incorporation of…

Despite Bitcoin rising 30% this year, many investors are finding the market to be relatively calm. Known for its rollercoaster-like volatility, Bitcoin has not experienced extreme price swings recently, leading investors to seek more excitement. “This has been the most boring cycle of all time,” said TraderKoz, a partner at venture studio Kelsier. Philipp Pieper, co-founder of tokenization platform Swarm, echoed that sentiment, noting that the market lacked the wild volatility seen in previous cycles. In a market that has historically thrived on unpredictability, this newfound calm is unusual. While recent macroeconomic factors like Fed policy and the upcoming US…