Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Chinese Telecom Giant Coolpad to Drop $13.5M on Bitcoin Mining Rigs

MiningJun 18

Chinese telecom provider Coolpad Group is making a major bet on Bitcoin mining, with an investment of about $13.5 million to purchase mining rigs for deployment in North America. According to a Hong Kong Stock Exchange filing, Coolpad plans to acquire 2,700 Bitcoin mining servers from Hong Kong-based JingYun Intelligent Technology, boosting its current mining computing power from 873,000 TH/s to approximately 1,504,800 TH/s. The Shenzhen-based company, which primarily produces mobile phones and accessories, said it has been actively pursuing opportunities in the "Web 3.0 digital currency business" since the second half of 2023. In May, Coolpad announced a $28…

Teneo Protocol Announces a New Partnership with SRC.ai

BlockchainJun 18

Teneo Protocol, a well-known blockchain venture offering the 1st data layer concerning DePIN, has announced an exclusive partnership. As per the platform, it is joining forces with SRC.ai which is a vision data forum to create LLM regarding self-driving models utilizing road images gathered from the SRC decentralized app consumers. The platform took to its official X account to disclose the news of the respective endeavor. 🚀 Exciting news! Teneo is partnering with @SrcAi_Official, gaining access to metadata from millions of dashcams worldwide. This strengthens our collaboration with @peaqnetwork by bringing a huge number of these devices onchain with unique…

Is Semler Scientific Adopting MicroStrategy’s Bitcoin Treasury Playbook?

BitcoinJun 18

On Tuesday, Semler Scientific, Inc. (Nasdaq: SMLR), a medical software company, announced that it had purchased 581 bitcoins for approximately $40 million as part of its “bitcoin treasury strategy.” In the wake of the announcement, some paralleled the company's strategy to MicroStrategy's, which has entailed converting almost all of its treasury into bitcoin. Caught my 👀 Today Semler Scientific announced a #bitcoin Treasury strategy similar to Microstrategy @saylor - acquired $BTC 8% of enterprise value - 5X EV/EBITDA - 8X P/E ratio A #smallcap version of $MSTR and $SMLR is in the Russell 2000 $IWM ?https://t.co/5RGbreCTaj pic.twitter.com/vajSZM4zUz — Thomas (Tom)…

BlackRock and Franklin Templeton Fuel Tokenized Treasury Boom

RegulationJun 18

Tokenized Treasuries and real-world asset (RWA) protocols have been gaining traction in 2024 with the help of financial giants such as BlackRock and Franklin Templeton. This growth has attracted billions in investment to leading blockchains, helping realize this revolution led by Stellar Lumens, Chainlink, and Ethereum. A recent report has revealed the remarkable growth in tokenized treasuries and real-world asset (RWA) protocols in 2024. The report highlighted BlackRock’s BUIDL fund and Franklin Templeton’s FOBXX money market fund, two of the fastest-growing products. The data shows that tokenized treasuries have soared past a $1.5 billion market cap after a 35% surge…

Cardano Founder Makes Key ADA Governance Clarification: Details

AltcoinsJun 18

Cardano founder Charles Hoskinson recently provided an important clarification regarding the governance actions of the Cardano blockchain. Hoskinson suggested that the full treasury power will come into play after the deployment of decentralized representatives (dReps), not contingent upon the establishment of a final constitution. This significant milestone is expected to occur approximately 90 days following the major Cardano upgrade, Chang hard fork. Cardano has been steadily evolving its governance mechanism to ensure a more decentralized and community-driven approach. Full treasury power is in play after dreps have been enabled, not when there is a final constitution. This should occur around…

Account Abstraction Can Make Blockchain Transactions Much Easier: Here’s How

BlockchainJun 18

Blockchain can be complicated even for those who know what they’re doing. Account abstraction is here to help by making transactions easier. Prom is one platform that is working to make Web3 easier and more user-friendly by building account abstraction into their products to make blockchain tech more accessible and efficient for everyone. What is Account Abstraction? Account abstraction is a new way to simplify managing user accounts on the blockchain. There are two types of accounts: Externally Owned Accounts (EOAs) controlled by private keys and Contract Accounts (CAs) which are smart contracts. EOAs are used by individuals for transactions…

Bitcoin's New ATH May Be Only Two Weeks Left! Analyst Announces the Events That Will Take BTC to ATH!

BitcoinJun 18

While Bitcoin reached a new ATH in March, breaking its previous ATH of $69,000, it subsequently fell sharply. While the selling pressure of long-term investors was effective in these declines, recent data indicating that the selling pressure in BTC has decreased has increased bullish expectations. At this point, while investors are waiting for a new ATH from BTC in the short term, 10X Research founder Markus Thielen, who is very successful in his predictions, announced the events that will take Bitcoin to the new ATH. Pointing out that June inflation data is important for Bitcoin, Thielen claimed that if CPI…

GameStop Stock Falls Ahead of Anticipated Shareholders Meeting

RegulationJun 18

As the hotly anticipated GameStop annual shareholders meeting nears on Monday, the video game retailer’s stock opened relatively flat in morning trading but then started to dip. GME is currently trading at $27.51 as of this writing, down over 4% from Friday’s closing price. GameStop’s shareholders meeting was postponed last week after the stream experienced technical difficulties due to overwhelming demand from traders eager to hear about the company’s next moves—including a rumored, but as yet unconfirmed addition of bull trader Roaring Kitty (aka Keith Gill) to the board. The annual meeting of stockholders was scheduled to take place on…

Terra Classic Community Votes on LUNC Burn Tax Allocation Change

AltcoinsJun 18

The Terra Classic community is currently engaged in a pivotal vote on a proposal aimed at reviewing the LUNC burn tax to fund the Oracle pool. The ongoing proposal has roots in an earlier proposition, Proposal 12098, presented by StrathCole in April. While the community endorsed this initial proposal, it served only to express support for the idea rather than implement it. Background and Details of Proposal 12098 Proposal 12098 suggested a modification in the allocation of the burn tax, keeping both the tax rate and the portion designated for burning unchanged. Currently, Terra Classic imposes a burn tax of…

Base emerges as major player in Ethereum rollup with SocialFi integration

BlockchainJun 18

Base, which is a Coinbase nurtured Ethereum layer 2 network, is now a fiery competitor in the Ethereum rollup scenario, gaining an enormous user base via SocialFi apps, on its platform, like Friend.tech, Aerodrome, a sought-after decentralized exchange and Moonwell, a lending protocol. It also initiated the mining of its genesis block. Base is known to possess its networks created on top, which include meme coin oriented Degen Chain, which helps boost the tokens incorporated by social network, Farcaster, in the form of its currency. As per Franklin Templeton, an asset manager, Base incorporating SocialFi stands for almost 50% of…