Author: NBTC

Ethereum has underperformed recently, especially when compared to Bitcoin and Solana. The first US spot exchange-traded funds for the asset were launched last month, and the underlying asset’s price has tanked almost 30% since then. However, the upcoming Pectra (Prague-Electra) upgrade scheduled for the first quarter of 2025 could change the bearish outlook for Ethereum. Big Upgrades for Ethereum On Aug. 20, DeFi researcher “Ignas” said that it was easy to be bearish about Ethereum considering its recent performance but added that, unlike previous upgrades, “Pectra seems to get no FOMO at all.” There have been three major Ethereum upgrades…

Everyone in web3 is familiar with names like Andreesen Horowitz, Coinbase Ventures, and Binance Labs. But outside of the big venture capital firms, there are hundreds more that undertake the same work, funding and supporting startups and advocating for web3 adoption. From this long tail of web3 VCs, a few names stand out. Not only are their founders knowledgeable and their hunger for success palpable, but they demonstrate an earnest desire to help the industry realize its full potential. The following VCs are ethical, multidisciplinary, and intent on helping not just themselves but their portfolio companies achieve the success they…

Sonic Labs, the world’s leading robust EVM chain shares to team up with Gelato Network, a rollup-as-a-service platform. Both FinTech firms aim to join forces for the sake of improving the Web3 experience for the users. As per the news shared on X, Gelato is offering a range of Web3 services to the users of Sonic Labs for a fast and smooth user experience. 🚀 Ever wanted to buy tokens in your sleep? Say hello to limit orders on #Sonic and more!We’re proud to introduce our partnership with @GelatoNetwork, available on Sonic at launch!Gelato brings a suite of Web3 services…

In a recent post, Mike McGlone, senior commodity strategist at Bloomberg, warned that Bitcoin, the flagship cryptocurrency, could be leading the reversion of risk assets. Its underwhelming performance since March has been gaining companions from the stock market as well as the commodities sector. Earlier this year, McGlone predicted that gold could end up outperforming Bitcoin due to macroeconomic factors. While this was not the case, gold recently managed to hit a new all-time high. Meanwhile, Bitcoin is struggling to recover after its recent price plunge. Earlier this month, McGlone stated that the Bitcoin hangover might be “enduring” due to…

The ecosystem crypto has always represented a terrain of strong volatility Bitfinex tells us about it: a recent example is the trend of Exchange Traded Funds (ETF) linked to Bitcoin and Ethereum. While Bitcoin ETFs have shown some resilience despite initial outflows, Ethereum ETFs, particularly the Grayscale Ethereum Trust ETF (ETHE), are facing more significant challenges. This dynamic has contributed to a more pronounced weakness in the price of Ether compared to the broader crypto market. The fluctuations of the ETF on Ethereum and Bitcoin: the report by Bitfinex The trajectory of Bitcoin: a historical analysis Conclusions The fluctuations of…

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%…