Author: NBTC

Among a slew of publicly traded Bitcoin mining companies, Cantor Fitzgerald says one firm in particular is being vastly undervalued by the market. In an equity research report last week, the veteran Wall Street investment bank said that the stock of Singapore-based Bitdeer (BTDR) currently has the “lowest implied value of any miner we cover” when comparing the firm’s present price to its expectations for hash rate growth. “We believe BTDR can more than 4x its hash rate capacity,” wrote Cantor. As of May 2024, the company had a total hash rate of 22.5 exahashes per second (EH/s) across its…

Bitcoin & Beyond is an educational series by the team at The Rollup focused on a new and emerging class of builders in the Bitcoin ecosystem. Through spaces, panels, and interactive presentations, the objective is to provide deep technical insights into innovative scaling projects. In our latest feature for Bitcoin & Beyond, we’re exploring BOB, a novel, hybrid, layer solution that aims to marry Bitcoin’s robust security with the agility of Ethereum. We caught up with Dom, co-founder of BOB, to understand BOB’s staged approach to development and their new merged-mining protocol, Optimine. Reigniting Innovation in Bitcoin Through Layer 2…

Decentralized derivatives protocol SynFutures has announced plans to expand its market share and is considering a Coinbase Layer-2 network as its platform. The venture will enable its commitment to support emerging meme coin projects with incentives available for the best performers. SynFutures Joins the Meme Coin Craze In a recent X post, SynFutures announced plans to expand its market reach on the Coinbase L2 network, Base. The decentralized derivatives protocol will also launch a six-week campaign blitz christened “Memecoin Perp Summer.” This marketing strategy is toward expanding community asset listings. Based on the post, there are rewards or incentives for…

New data from the on-chain analysis resources Santiment shows that an intriguing trend has emerged across the Bitcoin (BTC) and Ethereum (ETH) ecosystems. So far, Bitcoin has experienced a drop in active wallets “the like of which we have not seen since the days before the price kicked off on its current run toward $20k,” According to Santiment, It was the largest three-day decrease in non-zero Bitcoin wallets since recent memory, reflecting how holders are becoming more wary. Meanwhile, this is very different with Ethereum network. Instead of being overtaken by carefulness, the network is a proof of something unexplored.…

Crypto custodian Zodia Custody has secured funding from Australia’s largest bank, bolstering its position in the institutional digital asset custody sector. Zodia Custody, an institutional-grade crypto custodian backed by Standard Chartered, has secured funding from NAB Ventures, the venture capital arm of National Australia Bank (NAB), one of the largest financial institutions in Australia. In a press release seen by crypto.news, the latest funding means Zodia Custody is now backed by four major financial institutions worldwide, adding to previous investments from Standard Chartered, Northern Trust, and SBI Holdings. Managing Director of NAB Ventures, Amanda Angelini, emphasized that the decision to…

Tether chief exec Paolo Ardoino has taken to X (formerly Twitter) to tease that Tether is prepared to “unveil its new class of digital assets” next week. It’s not clear exactly what digital assets will be announced next week, but we do know that they will be the latest in a long line of digital assets launched by the stablecoin giant, many of which have now been largely forgotten. The most popular asset Tether has created is, of course, USDT, which is ‘tethered’ to the value of the US dollar. However, it also has assets tied to other currencies like…

The latest news in the field of Bitcoin mining talks about possible drops in hashrate and network difficulty during the months of July and August. In fact, during the warmer months, North American miners usually intermittently halt their operations, taking advantage of specific energy incentives and saving on cooling costs for the plants. With this expected slowdown of the hashrate, the mining companies in operation can take a breather from the post-halving situation and get a boost in extraction, waiting and hoping that the price of Bitcoin will increase by the end of the summer. Let’s see everything in detail…

Key Points: Mysten Labs unveils Walrus, a cost-effective decentralized storage protocol. Walrus employs advanced erasure coding techniques for resilient data handling. Mysten Labs Walrus is a new decentralized storage protocol for blockchain, offering cost-effective, resilient data storage with high availability. Explosive Prospects Of Mysten Labs Walrus In the Decentralized Storage Mysten Labs has launched Walrus, a decentralized storage and data availability protocol operating at the cutting edge of innovation in Sui development. As a protocol for blockchain applications and autonomous agents, Walrus provides great benefits, including cost-effectiveness, high availability, and resilient blob storage. Overcoming Replication Challenges with Mysten Labs Walrus…

In a significant development for decentralized finance (DeFi), BitLen Finance has officially launched on Core, signaling a new chapter for liquidity solutions in the cryptocurrency landscape. BitLen Finance, known for its pioneering approach to liquidity provision, aims to transform the DeFi space by facilitating seamless access not only for individual DeFi participants but also for decentralized applications (dApps) through its innovative “Liquidity Hooks.” Pioneering Liquidity Solutions BitLen Finance was made to act as the bottom of the liquidity layer for dApps, such as high-yield lending and borrowing, and diversified yield strategies. Unique in the highly competitive DeFi market, BitLen utilizes…

Leading Ethereum developer Consensys announced late Tuesday that the U.S. Securities and Exchange Commission is “closing its investigation” into the cryptocurrency. “Today we’re happy to announce a major win for Ethereum developers, technology providers, and industry participants: the Enforcement Division of the SEC has notified us that it is closing its investigation into Ethereum 2.0,” the company posted on Twitter. “This means that the SEC will not bring charges alleging that sales of ETH are securities transactions.” After the SEC approved Ethereum spot ETFs last month, Consensys said it sent a letter to the SEC noting that the funds “were…