Author: NBTC

Complexity, a prominent and long-running North American esports organization, has announced a multifaceted sponsorship deal with blockchain company Sonic Labs, the firm behind the upcoming Sonic layer-1 network. Sonic Labs will become Complexity’s exclusive blockchain sponsor, with its branding set to be added to team jerseys. The collaboration is built around fan engagement, including sponsorship of streamed Counter-Strike 2 tournaments and community game night events. Additionally, Complexity—which also competes in games like Rocket League and Madden NFL—said that it will develop a fan application on Sonic. The app will include ways for fans to interact with their favorite teams and…

Michael Saylor, founder of MicroStrategy and a prominent Bitcoin proponent, has taken to his account on the X social media platform (widely famous as Twitter in the past) to send an important message to the global Bitcoin community across the internet. This sounds like Saylor’s reaction to the recent Bitcoin price surge when, as an outcome, BTC managed to recover the $61,000 mark. Saylor’s smashing Bitcoin statement The MicroStrategy founder published what looks like an AI-generated image with Saylor as a university professor with a piece of chalk in his hand, while making calculations on a blackboard and turning around…

The evolution of the financial ecosystem based on Bitcoin, known as BTCfi, which aims to create a decentralized (DeFi) infrastructure, scalable and interoperable to support a wide range of on-chain applications. What is BTCfi? How is the Bitcoin-based DeFi ecosystem divided? Conclusion What is BTCfi? How is the Bitcoin-based DeFi ecosystem divided? BTCfi is conceived as a “second level” for Bitcoin, offering not only a more efficient payment system, but also a network of networks that includes decentralized exchanges, lending protocols, derivatives markets, and more. The latest report from the company divides the BTCfi ecosystem into three main categories: the…

This week has witnessed significant activities in the Web3 domain. Among the noteworthy events, the fourth most expensive NFT sale went largely unnoticed. Additionally, former U.S. President Donald Trump reported substantial earnings from his NFT collections, and a CryptoPunk failed to generate expected interest at a Sotheby’s auction. Here’s a summary of the key developments in the Web3 world. What Happened with the Expensive NFT? The highest-priced CryptoPunk, which previously sold for $23.7 million in 2022, was transferred on August 19 for an undisclosed amount. The former owner, Deepak Thapliyal, announced the transfer via a farewell message on X, as…

Standard Chartered said the latest Federal Reserve minutes suggest that Fed Chairman Jerome Powell will take a more dovish stance at the upcoming Jackson Hole economic symposium. The minutes of the July 31 meeting of the Federal Open Market Committee (FOMC) contained numerous references to “nearly all” or “a large majority” of participants favoring a softer approach. “The minutes of the July 31 FOMC meeting are so dovish that they open the door to a 50 basis point cut immediately after, if not at the September 18 meeting,” said Standard Chartered’s global research team. The analysis noted a strong emphasis…

Upbit, a leading cryptocurrency exchange in South Korea, has announced an adjustment to its withdrawal fees aimed at enhancing user experience. This strategic move comes as a response to the declining transaction costs within the Ethereum network, significantly benefiting traders and investors. “Our goal is to provide a more cost-effective trading environment,” said a spokesperson from Upbit, emphasizing their commitment to user satisfaction. Upbit has implemented a significant reduction in withdrawal fees for multiple cryptocurrencies, including ETH and SHIB, with effective changes starting on August 23, 2024. Upbit Cuts Down Withdrawal Fees for Major Tokens In a notable shift within…

The publicly listed Bitcoin (BTC) miner from Wall Street, Core Scientific (NASDAQ: CORZ), has repaid $267 million in debt using proceeds from its recently closed convertible senior notes offering. The debt repayment includes $150 million in secured notes, $61 million from an exit facility, and $56 million in miner equipment loans. This move significantly reduces the company’s interest expenses, with rates dropping from as high as 12.5% on the prior borrowings to 3% on the new convertible notes. Core Scientific announced and priced an upsized convertible senior notes offering on August 13-14, 2024. The company initially proposed a $350 million…

Pichi and Mantle, the L2 Ethereum network, have recently teamed up for a strategic partnership. This partnership will aim to enhance price discovery before and after the Token Generation Event of coins. The Mantle Ecosystem comprises an Ethereum layer 2 (L2) Network, a decentralized autonomous organization (DAO), Mantle Governance, one of the largest on-chain treasuries, Mantle Treasury, and an Ether (ETH) liquid staking protocol, Mantle LSP—all built on Ethereum. We’re excited to introduce our chain integration with @0xMantle and accelerate our vision of allowing for price discovery of tokens pre & post-TGE, to all!Mantle users can now deposit mETH, USDe,…

Amid Bitcoin’s (BTC) ongoing struggle to convincingly sustain levels above $60,000, technical analysis, combined with historical price patterns, suggests a potential path towards a new all-time high (ATH) of around $250,000 by late 2025. In a recent analysis shared by crypto analyst CryptoCon on August 19, Bitcoin’s price movements were evaluated using the November 28th Cycles Theory. This theory divides Bitcoin’s price history into four distinct phases. Notably, ‘New All-Time High (Red Year)’, ‘Bear Market (Orange Year)’, Accumulation (Green Year)’, and ‘Preparation (Blue Year)’. As of August 2024, Bitcoin is in the ‘Preparation Phase’, which typically precedes significant upward price…

Stake DAO has recently disclosed a huge landmark for the $CRV Liquid Locker thereof which has witnessed a remarkable spike in activity. As per Stake DAO, the Liquid Locker currently holds up to 113M $CRV coins locked in the form of $sdCRV, denoting a substantial 75% growth during the recent couple of months. The company took to its official social media account on X to provide the details about this achievement. The $CRV Liquid Locker surges to 113M $CRV locked as $sdCRV! Remarkable +75% growth in 2 months, now representing 14% of total @CurveFinance $veCRV supply. pic.twitter.com/mFqeOCcXbJ — Stake DAO…