Making sense of crypto.
NBTCNEWS
Home»Author: NBTC(Page 8499)

Author: 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.

Crypto Derivatives Exchange Stream Trading Raises $1.5M in Seed Funding

Stream Trading raised $1.5 million in seed funding, valuing the company at $20 million. The protocol, which is almost profitable, is designed to give depositors exposure to high-yield rate arbitrage trades, for which it charges a 10% or higher fee. The company building Stream Finance, one of the Ethereum blockchain's newest crypto derivatives platforms, has raised $1.5 million from Polychain and a handful of angel investors. Stream Trading raised its seed round at a $20 million valuation, founder Diogenes Casares said in an interview with CoinDesk. He and co-founder Solal Afota built the team quickly to capitalize on this year's…

Markets

GaFin and Jump.trade Forge Partnership to Revolutionize Web3 Gaming

In a major development for the fast-evolving Web3 gaming world, GaFin and Jump.trade have announced a partnership. The gaming powerhouse in the space and Jump.trade, the premium non-farm destination for game and brand NFTs, promises a future of revitalizing opportunities. GaFin 🤝 @Jumptradenft 🚀 We’re thrilled to partner with @Jumptradenft – a destination for a wide range of astonishing game and brand NFTs ✨ 🎉 Our partnership embodies shared values and a mutual commitment to excellence. We are poised to achieve great things in the Web3… pic.twitter.com/nCrefwsfFh — GaFin (@Gafin_io) April 12, 2024 GaFin Empowers Gamers in the Web3 Revolution…

GameFi

British Columbia Province to Regulate Electricity Supply for Crypto Miners

Canadian province of British Columbia is seeking to regulate electricity use by crypto miners, due to their “unchecked growth.” Josie Osborne, Minister of Energy, Mines and Low Carbon Innovation, said Thursday that the province is working to address high energy consumption by crypto miners in the region. This creates very few jobs or economic opportunities, she added. Per the ministry’s statement, the legislative amendment would allow the government to prohibit or limit electricity usage for crypto miners. This is because the “unchecked growth” of the sector could make it expensive to supply electricity to homes and businesses. In December 2022,…

Mining

Obol eyes institutions with insurance partnership for distributed ETH validators

Obol Labs has partnered with crypto insurance platforms Relm and Chainproof to offer insurance for Ethereum stakers that use Obol’s distributed validator technology. Should the insurance be cheap enough to be worth buying, potentially risk-conscious institutions could be appeased to take part in one of Obol’s distributed validators. Obol’s distributed validators, or DVs, aim to present a pathway to a more decentralized Ethereum network. Since the shift to proof-of-stake, Ethereum blocks have been created and transactions are validated by a set of validators who stake ETH as collateral. Currently, it takes 32 ETH to run a full Ethereum node, an…

Blockchain

Adam Back Wants 'Prodigal Son' Roger Ver to Come Home to Bitcoin

Will the Bitcoin and Bitcoin Cash communities ever bury the hatchet? Adam Back, the CEO of Bitcoin company Blockstream and one of the earliest Bitcoin developers, today extended an olive branch to long-time rival Roger Ver, an early Bitcoin investor turned Bitcoin Cash (BCH) advocate. Back says it's time for Ver to "be the prodigal son" and return to Bitcoin. Back’s invitation comes in response to Ver's new book, "Hijacking Bitcoin: The Hidden History of BTC," which claims that the original vision of Bitcoin has been corrupted. Roger Ver, once known as "Bitcoin Jesus'' for his fervent promotion of the…

Bitcoin

Alpen Labs Looks to Scale Bitcoin With Zero-Knowledge Proofs Using $10.6M Funding

Alpen Labs has emerged from stealth mode following the $10.6 million funding round led by Ribbit Capital Zero-knowledge technology is more commonly associated with Ethereum and is the sort of development that the Bitcoin community has resisted historically Bitcoin layer-2 developer Alpen Labs, which has raised $10.6 million in funding, is looking to scale the blockchain of the world's largest cryptocurrency with zero-knowledge proofs. Alpen Labs has emerged from stealth mode following the funding round, having spent the last year developing Bitcoin rollup infrastructure to bring smart contract functionality to the network. Its $10.6 million seed round was led by…

Markets

Axie Infinity brings new updates to its ecosystem

Axie Infinity has announced major updates to its ecosystem, poised to enhance users’ experience. They majorly pertain to Axie Experience Points (AXP) and Part Evolution. The goal is to make it seamless for players to wield their powers and level up their respective axies. Unlimited Coco caps are effective immediately. Players can reach the limit of AXP in two ways – earn via gameplay and consume Coco. The updates enable players to combine both points and get the daily limit. Coco can then be fed to Axies, who are ultimately put to the test by players on the battlefield. Feeding…

GameFi

A look back, and ahead as the halving looms

Though a number of bitcoin miners have historically run into financial trouble, some segment observers have said the space’s larger players are likely to survive the upcoming halving. Industry consolidation appears very likely, however, as some mining companies are expected to struggle more than others. Still, many such firms have prepped extensively for the halving and remain hopeful — at least publicly. Set for just over a week from now, the 2024 bitcoin halving represents a point when per-block mining rewards are set to drop from 6.25 BTC to 3.125 BTC — putting additional pressure on miners and their bottom…

Mining

Abrdn Tokenizes Assets on Hedera Hashgraph (HBAR) Amid New Improvement Proposal

The UK’s largest asset manager Aberdeen Standard Investments (commonly known as Abrdn PLC) has initiated asset tokenization on Hedera Hashgraph using the DLT networks. At the same time, the EVM developers released a new proposal to improve the functionality of Hedera. By tokenizing on Hedera, Abrdn became the first major UK wealth manager to issue a tokenized security. Abrdn PLC, in collaboration with Archax, a regulated digital asset exchange, has tokenized its assets in the Aberdeen Standard Liquidity Fund (Lux) — Sterling Fund, an Archax platform. The collaboration between Abrdn and Archax demonstrates the growing interest in digital asset tokenization…

Blockchain

Bitcoin could face sell off if ETF inflows slow

Bitcoin ETFs in the U.S. saw record inflows last week, but 10x Research reports that analysts caution about possible price declines if demand falters. According to data from Farside Investors, the 10 ETFs collectively attracted $2.6 billion in new investments during the five days ending March 15. Most of these inflows occurred early in the week, with a surge from Monday to Wednesday driving BTC to new highs, nearly hitting $74,000. However, the momentum waned towards the end of the week, with only $133 million and $198 million of net inflows recorded on Thursday and Friday, respectively. Consequently, Bitcoin (BTC)…

Bitcoin