Author: NBTC

During a recent keynote speech, Cardano founder Charles Hoskinson spoke about the main blockchain use cases for artificial intelligence that include vehicle identity and royalty management. According to the entrepreneur, the combination of AI and blockchain could also potentially transform healthcare, making electronic health record systems (EHR) more efficient. At the same time, Hoskinson also spoke about some challenges of merging AI with blockchain. For instance, both of these industries have to grapple with governance issues. For the AI sector, data collection is quite challenging due to the reliance of AI on vast computational resources. However, these problems could be…

The price of Bitcoin (BTC) has continued to trade lower, especially after falling below the $66,000 support level in recent times. At the time of writing, the price of Bitcoin is down by 0.52% in 24 hours to $65,394.73. Unusual Whale Accumulation Signals Incoming Rebound For the better part of this month, the price of Bitcoin has not been quite positive. Over the past month, it has dropped by 2.70% and dropped as low as $64,597.24. Amid these headwinds, there might be a rebound push in view for the coin. According to top market analyst Ali Martinez, a total of…

US Treasury yields gained significantly following the weaker-than-expected US Producer Price Index (PPI) report, supporting the Federal Reserve’s strategy of more aggressive rate cuts this year. The rise in Treasuries has led to a yield curve decline of at least 4 basis points. Specifically, the two-year yield has fallen by about 5 basis points to just below 4%, while the 10-year yield has fallen to about 3.9%. “You can breathe easy,” said Jack McIntyre, portfolio manager at Brandywine Global Investment Management, commenting on the weak PPI report. The report marks the beginning of a week full of important economic data…

Binance Futures is set to enhance its trading offerings with the introduction of two new perpetual contracts, GUSDT and RAREUSDT, both scheduled to go live on August 15, 2024. Binance Futures to Launch USD Collateralized G and RARE Perpetual Contracts with Up to 50x Leverage The new contracts will expand the trading options available on the platform by offering traders up to 50x leverage. The GUSDT Perpetual Contract will be launched at 15:30, while the RAREUSDT Perpetual Contract will be launched at 16:00 on the same day. Both contracts will be margined in USDⓈ and will have a maximum funding…

Injective introduces gas compression, offering the lowest Layer 1 transaction fees in the entire blockchain industry. Users can now conduct 3,000+ transactions for just $1 on Injective, revolutionizing affordability in the crypto space. Injective is creating waves in the blockchain market with its breakthrough achievement of providing the lowest Layer 1 transaction costs. This astounding discovery enables users to make over 3,000 transactions on the Injective network for just $1. The key to this efficiency is their novel use of gas compression, which involves a large infrastructure revamp that significantly decreases resource costs and limits. As a result, the cost…

Despite the recent market rout, Bitcoin and Ethereum funding rates on perpetual futures contracts are still bullish, according to data from CoinGlass. Funding rates are periodic payments made between traders who are long (optimistic) and short (pessimistic) in perpetual futures contracts. Unlike standard future contracts, which have an expiration date, perpetual contracts have no expiry. And so the funding helps keep the price of a perpetual futures contract close to the spot price of their underlying asset. When funding rates are positive, as they are at the time of writing, traders who are long pay a fee to those who…

Cypherpunk Holdings is a Canadian investment firm with a strong focus on the blockchain and cryptocurrency industry. The company specializes in identifying and investing in innovative blockchain technologies, companies, and emerging protocols within the digital asset space. Cypherpunk Holdings operates as a strategic holding company, allocating capital to projects that contribute to the growth and adoption of decentralized systems. Leah Wald, who became CEO in 2024, has brought extensive experience from her previous role as the co-founder and CEO of Valkyrie Investments. At Valkyrie, she played a key role in launching one of the first Bitcoin futures ETFs listed on…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I’m back in Brooklyn after some trafficky hours spent in the back middle seat of a Volvo to cap off a 4th of July road trip. Sadly I’m not in Brussels for EthCC, but for readers who are across the pond, shoot us an email and let us know the vibes surrounding Solana over there. I’ll be interested to see what announcements come out of the conference. Anyways: SOL rebounds after market bloodbath Crypto markets re-enacted that blood-filled…

Since August 5, a significant sum of 955 million $USDT has been transferred into the cryptocurrency exchange Kraken from Tether Treasury, according to data from Lookonchain. This large stablecoin influx was facilitated through the deposit address “TQef…k32t” on the Tron Network. It highlights a notable movement of funds within the crypto market. Since August 5, 955M $USDT has flowed into #Kraken from #TetherTreasury through the deposit address “TQef…k32t” on #TronNetwork. https://t.co/QFfCDqVqZOThe current circulation of $USDT is 116.53B, with 52.05% circulating on #TronNetwork. pic.twitter.com/80NYZQph7h — Lookonchain (@lookonchain) August 15, 2024 Tether $USDT Supply Reaches 116.53B, Majority Circulates on Tron Network USDT…

The Paraguayan justice system has reached a milestone by achieving its second conviction related to a power theft crime linked to cryptocurrency mining. Carlos Raul Rojas, the owner of a dwelling where over 1,000 cryptocurrency miners operated, was sentenced to 18 months in prison for causing over $1.5 million in losses to the National Power Administration (ANDE). Paraguayan Government Convicts Individual on Cryptocurrency Mining Power Theft Charges The Paraguayan government is now prosecuting power theft cases related to cryptocurrency mining. The Paraguayan justice system has achieved its second conviction linked to energy theft associated with cryptocurrency mining activities. Three individuals…