Author: NBTC

Perpetual contracts platform Aevo has introduced Aevo Strategies, a new feature offering automated trading vaults designed to help users execute complex strategies. The derivatives layer-2 platform recently disclosed this development through an X post, affirming that users can now seamlessly access trading strategies previously reserved for larger institutions and market makers. Introducing: Aevo StrategiesAevo Strategies are automated trading vaults that execute sophisticated strategies on the users behalf. pic.twitter.com/aVc6QWUt74 — Aevo (@aevoxyz) July 4, 2024 The first vault unveiled by the platform is the “basis trade vault,” a delta-neutral strategy commonly employed by various protocols, including Ethena Labs. This strategy generates…

Binance plans to hire 1,000 employees this year, with a focus on compliance roles, as the crypto exchange’s annual regulatory compliance spending exceeds $200 million. The company’s chief, Richard Teng, evealed the employment goals during an interview with Bloomberg News in New York on Wednesday. The hiring initiative comes as Binance faces increased regulatory scrutiny and ongoing oversight from US agencies following a $4.3 billion settlement last year. Teng, who has a background in financial regulation, emphasized the importance of government agencies and Binance’s commitment to meeting regulatory requirements. The exchange plans to expand its compliance workforce to 700 by…

Gryphon Digital Mining, a Bitcoin Mining company, announced that it has entered into an agreement in Louisiana to acquire electricity at a cost of approximately 0.01 dollars per kilowatt-hour (kWh). Bitcoin mining: Gryphon Digital and electricity at about $0.01 per kWh in Louisiana Bitcoin Mining and low-cost electricity in Louisiana The label “Made in USA” on the extracted blocks Bitcoin mining: Gryphon Digital and electricity at about $0.01 per kWh in Louisiana Gryphon Digital Mining, a Bitcoin mining company, has secured a favorable contract in Louisiana. It is an agreement for the acquisition of up to 2.9 megawatts (MW) of…

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…