Author: NBTC

Cardano founder Charles Hoskinson has thrown his weight behind John Deaton in the lawyer’s bid to replace crypto-hostile Senator Elizabeth Warren. In February, crypto-friendly lawyer John Deaton officially announced his candidacy in the upcoming U.S. senatorial elections. Deaton will come up against the current United States senior Senator for Massachusetts, Elizabeth Warren, who is widely known for her antagonistic stance against the cryptocurrency industry. John Deaton has enjoined the crypto community for support in the upcoming campaign and has gained the attention of some of the industry’s most influential figures. In a recent development, Cardano founder Charles Hoskinson revealed he…

The Ethereum Foundation has historically been a bellwether for upcoming corrections in the market landscape of Ethereum. Recently, the Foundation made an unexpected move by liquidating approximately $13 million worth of Ethereum. Ethereum on a daily time frame is displaying a strong uptrend characterized by consistent higher highs and higher lows. The Moving Average lines are positioned in a manner that suggests sustained bullish momentum. The 50-day MA (in blue) is above the 100-day MA (in orange), which in turn is above the 200-day MA (in black), a configuration that traditionally signals a bullish trend. Furthermore, the price of Ethereum…

OKX Ventures is the investment arm of the renowned Web3 technology company OKX. It has made a significant move by announcing its strategic investment in BounceBit. BounceBit wants to transform Bitcoin (BTC) restaking infrastructure and solutions. One month after its launch, BounceBit has raised over USD 510 million. It demonstrates market traction and investor trust in its new approach. We are delighted to announce the strategic partnership made with @bounce_bit, a platform dedicated to building the infrastructure and offering solutions of #Bitcoin #restaking. Within the first month of its launch, #BounceBit has recorded a TVL of USD 510 million.… —…

BitFuFu, a leading cryptocurrency mining company, has announced its intention to become a publicly traded entity on the Nasdaq stock exchange following a merger with Arisz Acquisition Corp. This development marks a significant milestone in the digital asset mining industry, with the merger receiving approval from the shareholders of both companies on Feb. 28, 2024. The newly formed entity, BitFuFu Inc., is set to begin trading under the ticker symbols “FUFU” for its Class A ordinary shares and “FUFUW” for its warrants starting March 1, 2024. BitFuFu had previously received investment from Bitmain and established an exclusive strategic partnership dedicated…

In comments likely to resonate with crypto fans, Hayden Adams, the founder of Uniswap, a leading decentralized exchange (DEX), predicts that network fees will eventually become a background expense for users, much like server costs are today for top centralized applications running on Amazon Web Service and other platforms. Gas Fees Is A Major Pain Point, Mass Migration To Solana, Layer-2 Platforms Taking to X, Adams envisioned a future where decentralized applications (dapps) seamlessly cover network fees on behalf of users. This approach, the inventor adds, aligns with how server costs are currently handled in the current setup, especially among…

Nexo has won initial approval to operate as a licensed entity in Dubai. Nexo’s regional entity is seeking to win full approval for Lending & Borrowing, Management & Investment, and Broker-Dealer activities. Nexo, a company offering digital asset services, has won initial approval as a licensed entity in Dubai from the region’s Virtual Assets Regulatory Authority (VARA), it announced Tuesday. Receiving a full license involves three stages: an initial provisional permit, a preparatory license, and an operating license. Nexo’s regional entity, Nexo DTC, is seeking to win full approval for Lending & Borrowing, Management & Investment, and Broker-Dealer activities. Dubai…

Ethereum is starting the week having inched its way past $3,500, marking a 3% gain since this time yesterday, according to CoinGecko data. At the time of writing, the Ethereum price is $3,506.38, which means that ETH has gained 15% in the past week. This is the highest Ethereum has been since January 2022, when it was coming down from the late 2021 bull run. And 91% of ETH held in wallets is now in the money. That means all but 9% of ETH has appreciated in value since it was purchased, according to blockchain analytics firm IntotheBlock. Ethereum developers…

Grayscale, the investment firm behind the biggest spot bitcoin ETF, has introduced a new fund that stakes cryptocurrencies to earn income. The Grayscale Dynamic Income Fund (GDIF), the company said Tuesday, initially will own assets for nine blockchains: Aptos (APT), Celestia {{TIA}}, Coinbase Staked Ethereum (CBETH), Cosmos (ATOM), Near (NEAR), Osmosis (OSMO), Polkadot (DOT), SEI Network (SEI), and Solana (SOL). It aims to distribute rewards in U.S. dollars on a quarterly basis. “As our first actively managed Fund, GDIF is an important expansion of our product suite and enables investors to participate in multi-asset staking through the convenience and familiarity…

NiceHash, a major cryptocurrency miner, announced the first instant Lightning Network payouts for miners. This advancement boosts crypto mining. Miner earnings will be faster and more efficient than ever. NiceHash is excited to introduce the world’s first fully automated, instant #LightningNetwork payouts for all miners! From today onward, all miners can receive their mining payouts in #Bitcoin directly to an external #LightningNetwork Address!#innovation #cryptomining… pic.twitter.com/xNDkBlPDjV — NiceHash (@NiceHashMining) March 1, 2024 NiceHash Enhances Mining Experience with Lightning Network Payouts NiceHash was among the first to help miners withdraw Lightning Network coins in 2020. Recently released instant Lightning Network payouts have…

As the first quarter of 2024 ends, the crypto industry has also seen the conclusion of major events, including ETHDenver. The 2018-launched mythical event has grown as the industry matures, becoming a crucial venue for founders and community members to observe new developments across the crypto ecosystem. In addition, crypto and blockchain took center stage at the Mobile World Congress in Barcelona, Spain. The event, which took place last week, hosted over 100,000 attendees from over 200 countries and 2,700 exhibitors from different tech sectors. We sat down with Claudia Richoux, Founder and CEO of Banyan, and Sheraz Ahmed, Managing…