Author: NBTC

Bitcoin mining firm Vortex Brands has begun acquiring MicroStrategy stock as part of a new strategy to leverage its Bitcoin-focused business model and enhance its investment holdings. Crypto mining firm Vortex Brands has initiated a new investment strategy by acquiring shares of MicroStrategy, a move aimed at capitalizing on the company’s Bitcoin-centric approach. With the new strategy, the Bitcoin mining firm purchased an initial 10 shares of MSTR and plans to add “at least that many shares monthly and report holdings quarterly,” an Aug. 28 press release reads. Vortex Brands CEO Todd Higley says integrating MicroStrategy stock into the firm’s…

Today, enjoy the Empire newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Empire newsletter. Cooking with flywheels It’s not always the case that crypto prices make sense. DePIN may eventually change that. Take Bitcoin. It’s tempting to think that its price might go up or down depending on how many people are using the network. Sometimes that’s true — both 2017 and 2021 bull runs were preceded by huge growth in the number of active wallets. And the number of transacting addresses often falls almost in tandem with bitcoin’s price, usually after markets…

ALU token has announced its integration with Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enable seamless transfers across Base and BNB Chain. This move marks a significant development for ALU in its quest to enhance cross-chain functionality and user experience in the Web3 gaming ecosystem. We’re excited to announce that we have integrated industry-standard @chainlink CCIP to support transfers of our ALU token across @base and @BNBCHAIN.#CCIP is helping to revolutionize Web3 gaming, driving innovation and elevating UX to new heights.Stay tuned for more… pic.twitter.com/bofADdf7dK — Altura (@altura) August 28, 2024 According to the firm, the integration of Chainlink’s CCIP represents…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. It’s been an “exceptionally eventful month” for Bitcoin (BTC). BTC whale transactions reached a four-month high while the market “purged” short-term holders. The unrealized losses for speculators touched crypto assets worth millions of US dollars. Such wipeouts reiterate the pressing need to foster long-term adoption. You might also like: Hitting the iceberg’s tip: the untapped potential of Bitcoin defi | Opinion Meanwhile, investors are ‘buying the dip,’ and spot Bitcoin ETFs recorded some of the highest single-day…

Africa’s blockchain industry raised $135.4 million from 17 deals in 2023, with a median deal size of $2 million, a report by Swiss venture capital firm Crypto Valley VC (CV VC) reveals. While this was a massive drop from the year prior, Centbee co-founder Lorien Gamaroff believes that there’s still a vast addressable market for blockchain in Africa. The CV VC African Blockchain Report 2023 revealed that in 2023, African startups accounted for 1.3% of global sector deals, which rose to an all-time high of 1.8% in the first half of the year. However, venture funding share dropped from 1.6%…

EVM Chain, Testnet, and Strategic Initiatives In the past quarter, the IOTA Foundation has focused on several key areas, including the groundbreaking launch of the IOTA EVM chain, decentralization with the IOTA 2.0 Testnet, and enhancements in developer resources and digital identity solutions. Additionally, significant strides were made in fostering business-to-business integration. Read on to discover more about these exciting advancements and how they are shaping the future of IOTA. Research & Development The IOTA Core team researches and conceptualizes improvements to the core protocol, and applies these advancements in the reference node software. This quarter, the team released the…

Banks transacting on permissionless blockchains face multiple risks including settlement finality, the Bank for International Settlements said in a working paper. The paper also said technology to address some of the risks, particularly privacy, is being developed. naming zero-knowledge proofs as a potential solution. Banks that transact on permissionless blockchains face multiple risks, including money laundering and terrorism financing, the Basel Committee on Banking Supervision concluded in a new paper. The committee is part of the Bank for International Settlements (BIS), the primary global standard setter for prudential banks. Other risks include operations and security, governance, legal, settlement finality and…

Robert Kiyosaki, author of best-selling motivational literature “Rich Dad, Poor Dad,” continues to advocate Bitcoin (BTC) as an important part of a diversified financial strategy. In a latest post, Kiyosaki outlined the importance of preparing for economic uncertainty by investing in assets outside the traditional financial system. Kiyosaki’s insights draw attention to the different nature of panics in capital markets versus those in banking. According to him, while market crashes in stocks, bonds, or real estate are obvious to most, banking crises can occur without public awareness. This hidden risk is only partially mitigated by FDIC insurance, which covers deposits…

Ethereum faces a 26% monthly decline, raising recovery concerns. Gas fees hit a five-year low, signaling a potential price bottom. Ethereum has had a tough month, witnessing a 26% decline over the past 30 days, with its price dipping below the $2,111 range. Currently, the second-largest cryptocurrency is trading at $2,579, reflecting a 3% decline, and its trading volume is down by 2%. Despite this downturn, whale activity and network movements have gained momentum. A significant shift is occurring within the Ethereum ecosystem as gas fees plummet to their lowest levels in years. Industry experts suggest that the dramatic reduction…

Institutional investors continue to remain bullish about digital assets, embracing instruments beyond holding crypto like staking and derivatives. Even though they are bullish, challenges to further adoption remain on the horizon. Institutional investors are set to increase digital asset allocations in their portfolio to 7% by 2027, with the market for tokenized assets projected to surpass $10 trillion by 2030, signaling significant growth in the sector, but challenges remain on the horizon according to a new report on the topic from The Economist commissioned by crypto exchange OKX. Currently, asset managers allocate between 1%-5% of their assets under management (AUM)…