Author: NBTC

MicroStrategy Chairman Michael Saylor has given, in a surprise statement at the Abundance Summit, more credit to Bitcoin (BTC) over the company’s stocks. In a contemplative note, Saylor expressed his confidence in Bitcoin’s enduring presence over the “centuries,” while stating that he and his company are rather transient. A video circulating on X, as shared by Trey Sellers, features a Question and Answer session where an attendee posed a thought-provoking question to Michael Saylor, asking whether it would be wiser to invest in MicroStrategy (MSTR) stock instead of directly purchasing Bitcoin. MicroStrategy vs. direct Bitcoin investment The attendee maintained he…

Venture capital veterans as well as crypto management firms have lined up to back 1kx’s new fund focused on crypto consumer apps. Crypto investment firm that specializes in ecosystem growth 1kx has oversubscribed its early-stage venture fund to back crypto projects, according to a Bloomberg report. The fund, reportedly valued at $75 million, has attracted backing from prominent figures in the venture capital and crypto management sectors such as Marc Andreessen, co-founder of a16z, Michael Novogratz’s Galaxy Digital, and Accolade Partners, among others. Although Accolade is noted as the main investor in the new fund, the extent of its stake…

Multichain liquid staking protocol Stride is proposing that the dYdX community participate in securing its network through staking 20M DYDX ($67 million) from its community pool with Stride 2’s liquid staking protocol. The proposal’s purpose is to enable dYdX community members to increase the economic security of the chain and redistribute stake weight among validators. According to the proposal, the dYdX chain currently has around 115 million DYDX ($388 million) staked even though the liquid supply of the token is over 320 million DYDX ($1.08 billion). Read more: Liquid staking is now live on dYdX chain Additionally, the proposal notes…

The New Zealand financial market regulator updated its warning list on Wednesday, adding two new entities. The Financial Market Authority (FMA) warns against the activities of the fake BTCSWE and Grandeur Capital Pro. According to information provided by the FMA, BTCSWE is a legally operating cryptocurrency exchange in New Zealand. However, in recent weeks, someone has been impersonating its representatives, contacting consumers, and promising the possibility of recovering funds lost during unsuccessful investments. “Fabricated documents were supplied to help convince the victim of this individual’s identity and ability to access lost funds,” the FMA explains using the example of one…

In a surprising development, the Base Network witnessed a historic high in transaction volume on March March 29. Reportedly, the Base Network’s transactions recorded an astounding 2.275 million, with transaction volume on DEX reaching $730 million. Chinese reporter Colin Wu shared insights on the remarkable development of the Base Network via his Wu Blockchain page on X. The journalist also shed light on the increasing market value of network stablecoins, which surged by 55% to more than $1.1 billion, marking record highs. On March 29, the number of transactions on the Base network reached 2.275 million, transaction volume of DEX…

While Bitcoin, the leading cryptocurrency, has risen above $ 70,000 with its recent rise, it is moving horizontally here. Despite the horizontal movements in BTC, investors’ upward expectations continue, while popular analyst Michael van de Poppe shared his expectations for BTC and altcoins. Stating that we are close to a local peak in Bitcoin and that he expects ATH renewal between $ 75,000-80,000 before the halving, the analyst claimed that BTC will correct after the halving. Poppe added that he expects altcoins to perform better as Bitcoin corrects. “Consolidation in Bitcoin continues. I think we are near the top of…

Ethereum price is holding gains above the $3,500 zone. ETH could gain bullish momentum if it clears the $3,680 resistance zone in the near term. Ethereum retested the $3,450 and is currently moving higher. The price is trading above $3,500 and the 100-hourly Simple Moving Average. There was a break above a key bearish trend line with resistance at $3,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it settles above the $3,680 resistance zone. Ethereum Price Eyes Fresh Increase Ethereum price started another downside correction below the $3,550 zone. ETH…

In a groundbreaking move towards decentralized AI development, OKX Ventures has announced a strategic partnership with FLock.io. Flock.io is a pioneering platform for AI models and decentralized applications (DApps). This collaboration is a significant step forward in harnessing the potential of blockchain technology to revolutionize the AI industry. We are thrilled to announce the strategic partnership with @flock_io , a Decentralized and Permissionless Platform for AI Models and DAppshttps://t.co/gNF65SXXNF pic.twitter.com/aZsJQq1tRg — OKX Ventures (@OKX_Ventures) March 28, 2024 FLock.io Pioneers Decentralized AI Solutions and Transformative Partnerships FLock.io, a decentralized and permissionless platform, leverages the power of Federated Learning (FL) and blockchain…

Worldcoin’s team claims its activities are entirely legal and comply with current legislation in the countries where the coin is represented. In a March 18 post, the Worldcoin team admits that the project is designed to fully comply with all laws and regulations governing the collection and transfer of data. Worldcoin referred to two industry bills: the European General Data Protection Regulation (GDPR) and the Argentine Law on the Protection of Personal Data. “Worldcoin operates lawfully in all of the locations in which it is available.” The Worldcoin team The firm said it works towards full project transparency and does…

With the SEC seeking a $2 billion penalty against Ripple, Attorney Jeremy Hogan says the demand would require Ripple to sell lots of XRP and further suppress the coin’s price. Several legal experts have commented on the SEC’s recently filed opening remedies brief in the ongoing Ripple lawsuit. Attorney Jeremy Hogan is the latest to comment on the development, ushering in a new twist. Hogan Faults SEC’s $2B Demand Hogan’s emphasis was on the SEC’s plea for final judgment, in which the regulatory agency asked the court to impose a $2 billion fine against Ripple for violating federal securities law…