Author: NBTC

Nvidia, the leading chip maker that has been at the forefront of artificial intelligence, saw its stock price drop significantly after soaring to a record high earlier this year. The company that once boasted a $2 trillion market capitalization and even exceeded $3 trillion now faces high market volatility. Nvidia’s market value has since dropped significantly, with a decline of $900 billion. Nvidia’s share price topped $135.58 on June 18 after a 10-for-1 stock split and impressive financial results. Nvidia stock price experiences significant volatility and pullback The company’s revenue for the first quarter of fiscal year 2025 was $26…

Filecoin has announced its partnership with Theoriq with the vision of being a leader in the Web3 infrastructure space. By integrating DePIN and AI, Filecoin benefits from a more secure and intelligent data management ecosystem. In the past few months, Filecoin has made significant strides to cement itself as a key player in the Web 3 Space. Filecoin has reported several partnerships aimed at integrating artificial intelligence into its decentralized data storage network. In a new development, the decentralized data storage network, Filecoin, has announced its partnership with Theoriq, a communication platform. This significant integration aims at developing smart AI…

Bitcoin (BTC) miners have offloaded over 30,000 BTC in June so far, roughly equivalent to $2 billion, according to IntoTheBlock’s “On-chain Insights” newsletter. This is the fastest pace of miners’ sell-off in over one year. The halving is believed to be a significant factor in this trend, as it has led to reduced profit margins for miners and prompted them to increase their sales. Additionally, a noticeable decrease in Bitcoin’s hash rate was witnessed, dropping by about 15% over the last month, highlighted the analysts at IntoTheBlock Image: IntoTheBlock In a parallel development, the German government has begun to liquidate…

Slovenia launched a $30 million digital bond at the tail end of July, joining an exclusive group of nations that rolled out their versions of the assets. The issuance is the first sovereign digital bond in the EU and could set further issuances in the coming months. Operating as a short-dated digital bond, Slovenia’s government tapped BNP Paribas (NASDAQ: BNPQF) for issuance with the bank, providing book-running and coordinating services. Digital bonds operate like traditional bonds but rely on blockchain technology for issuance, trading, management and security. Slovenia’s digital bond will be issued on BNP Paribas Neobonds, a private tokenization…

Terra Luna Classic (LUNC) developers have completed the development of the Oracle Split, an update that is expected to spur a surge in staking. The split will divert community pool rewards from tax burns into the Oracle Pool, with the update expected to take effect on July 26 at block height 19060800. With staking being the pillar of any healthy DeFi ecosystem, the developers of Terra Luna Classic (LUNC) have announced a long-awaited update that will massively boost staking rewards in the ecosystem. As Crypto News Flash reported last month, one leading LUNC developer had proposed adjustments to the network’s…

Burak, the developer who hacked Bitcoins Lightning Network with a 998-of-999 multi-signature Taproot transaction, has created a new Bitcoin layer 2. It has no proprietary token and does not require any fork. It’s dubbed ‘Brollups’ — a portmanteau of either ‘Burak’ and ‘rollup’ or ‘bro’ and ‘rollup.’ A rollup is a bundle of transactions that occur off-blockchain. They’re ‘rolled-up’ into a consolidated file and mined on-chain. Also known as a ‘layer 2,’ they’re essentially separate blockchains that borrow security and value from a base, ‘layer 1’ blockchain like Bitcoin. Brollups don’t require a fork of Bitcoin’s consensus code. This is…

Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known as digital som — into the nation’s financial system, marking a big step toward a digitized economy. Under the proposed amendments published on Aug. 8, the digital som will be integrated into the financial system through a “specialized software system” managed by the central bank. The draft does not contain terms like “blockchain” or “distributed ledger,” though it does mention…

In the last 30 days, TRON (TRX) has experienced tremendous growth. The token’s price went up by 14%. The TRON blockchain also recorded over seven million daily transactions. The TRON ecosystem plans to introduce gas-free stablecoin transactions by the end of this year. Justin Sun, the platform’s founder, predicted that TRON’s ecosystem would continue on its upward trajectory for the second part of the year with the network yet to maximize its potential. The TRX token has had a price surge of 14% in June. TRON is also notably planning to unveil gas-free transaction costs for stablecoin transactions by the…

A widely followed crypto analyst is warning that Bitcoin (BTC) could plunge to much lower levels as it drops to the $63,000 range. Crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin could decline more than 18% from its current value. “Bitcoin is still range-bound, but the recent breakdown of the October 2023 trendline, combined with the February 26th and 27th imbalances, leads me to believe $52,000-$54,000 could be next. A lot of liquidity is sitting below that $56,500 low, and markets seek liquidity. We can’t rule out a run above $72,000 to…

DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin investments and partnerships. At this point, DWF Labs recently announced that it has partnered with Kols House and is expanding into the Turkish market. DWF Labs, a cryptocurrency market creation and investment firm, announced on its official X account that it has partnered with KOLS HOUSE to help it expand into the Turkish market. This collaboration will focus on strategic marketing initiatives and community management to support global community growth and development. Under this partnership, Kols House will be…