Author: NBTC

Ethereum cofounder Vitalik Buterin recently revealed that his salary at the Ethereum Foundation is 182,000 SGD (roughly $139,500) per year. These are, of course, mere pennies compared to Buterin’s personal net worth, which reached $1.5 billion in 2022, according to Forbes. The data provided by blockchain analytics platform Arkham Intelligence shows that Buterin currently holds roughly $625 million worth of crypto. Shedding light on EF’s spending Buterin recently shared an update from Josh Stark of EF regarding the organization’s spending. The “New Institutions” piece of the pie accounts for the biggest share of EF spending. As explained by Stark, one…

After the FED left interest rates unchanged at its last meeting, the minutes of the said meetings were published. Here are the details from the minutes: Members believe that upside risks to inflation have receded. Some members see an increased risk of more serious disruption to the workforce. A “vast majority of members” believe a rate cut in September is likely to be appropriate. ‘A few’ members saw reasons for a rate cut at the July meeting. Downside risks to employment are seen as increased. Almost all members believe that the decline in inflation will continue. Nearly all authorities want…

Investors holding 1,000, 3,000 and 5,000 XRP could see their portfolio grow to as much as $500,000 if XRP price reaches the $100 level. XRP continues to trade below the crucial $0.50 threshold after decisively collapsing underneath it on June 20. Despite periods of sharp price increases, XRP has failed to reclaim $0.50 as a result of the ongoing market collapse. This decline has also kept Bitcoin (BTC) below $65,000 since June 21. XRP Witnesses Increased Accumulation However, multiple market analysts regard the prevalent downtrend as an opportunity to procure XRP at discounted prices. Notably, at its all-time high of…

The first major arrest of a prominent messaging or social media company CEO may not be the last, Galaxy said. Telegram and Durov were probably resisting takedown or information requests, the report said. Some of the charges could be linked to Telegram’s integration with TON or the blockchain’s presumed use in illegal activity, Galaxy said. The detention of Telegram CEO Pavel Durov in France is the first major arrest of a prominent messaging or social-media company boss for failing to sufficiently police its platform. It is unlikely to be the last, Galaxy Research said in a report on Monday. Governments…

By turning to artificial intelligence (AI), Bitcoin miners could unlock significant new revenue streams, potentially increasing annual profits to nearly $14 billion by 2027. This prediction comes from VanEck’s head of digital assets research, Matthew Sigel, and digital assets investment analyst Nathan Frankovitz, who discussed the potential synergy between Bitcoin mining and artificial intelligence in a recent blog post. “The synergy is simple: AI companies need energy, and Bitcoin miners have that energy,” Sigerl says. According to their analysis, if the 12 largest publicly traded Bitcoin miners dedicated 20% of their energy capacity to AI computing, their average annual profits…

Delysium has collaborated with Galaxy Digital to drive innovation in Web3 and AI. As a result of this partnership, Galaxy Digital will attend KBW2024, one of the most significant blockchain events in Asia, Korea Blockchain Week. Proud to have @galaxyhq, a digital asset and blockchain leader providing access to the growing digital economy, join the @The_Delysium side-events at @kbwofficial Together, we’re at the forefront of shaping the future of AI and Web3, paving the way for enhanced access and… pic.twitter.com/STReLzmXXL — Delysium – $AGI 🟨 (@The_Delysium) August 22, 2024 The architecture of Delysium is simple to sustain an advanced AI-Agent…

Between Bitcoin and Ethereum, the state of the cryptocurrency market today is displaying a sharp contrast. While ETH is seeing withdrawals, BTC is exhibiting strength, with steady inflows into spot ETFs for 12 straight days, suggesting a difference in investor sentiment between the two biggest cryptocurrencies. Bitcoin is currently maintaining its position with slight optimism. Thanks to a recent bounce from the 100-day moving average, Bitcoin has been able to maintain its position above $62,000. This level has served as an important support, and the bullish momentum may continue as long as BTC stays above it. The substantial inflows into…

The concept of CBDCs — short for “central bank digital currencies — has been around since the early days of crypto, and in recent years it has garnered a lot of interest from central banks themselves. Last year, a study by the U.S.-based think tank Atlantic Council revealed that 130 countries were actively exploring the idea of launching a digital, blockchain-based version of their national currencies, with almost half of them having progressed to the development stage. Fast forward another year, and a handful of countries have already gone ahead and launched their official CBDCs, and there are many more…

When French authorities arrested Telegram founder Pavel Durov after his attempted meeting with Vladimir Putin, conspiracy theories spread like wildfire. Andrew Tate was early to spin the news in his favor, writing on X (formerly Twitter), “The owner of Telegram, Pavel Durov, has just been arrested in France for failing to censor the truth on his application. “Potential charges include support for terrorism, drug trafficking, complicity in crimes, mass fraud, money laundering, concealment, pedophile content, sanctions evasion, and more.” Others soon re-posted his non-falsifiable dog whistle, earning it millions of impressions and hundreds of thousands of likes. Mischaracterizations of Durov’s…

Cryptocurrency exchange Bybit has launched the Bybit P2P Shield, a program designed to provide financial protection to users impacted by fraudulent activities on its platform. According to the company, this initiative aims to restore trust and confidence in P2P trading and enhance security in the industry. Dubbed Bybit P2P Shield, the new offering provides financial compensation to eligible users who experience fraud during transactions. The initial rollout is reportedly limited to specific regions, with plans to extend this coverage globally. Bybit’s initiative represents a significant step forward in enhancing user security, particularly in the wake of incidents that have shaken…