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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.

Sapien secures $5 million to gamify AI data labeling

Data labeling firm Sapien has successfully secured a $5 million seed investment from investors such as Primitive Ventures, Animoca Ventures, and Yield Guild Games to enhance its artificial intelligence (AI) model training services through a gamified platform. Sapien was launched in 2023, aiming to create the largest human-powered AI training data network by offering a blockchain-based reward system for its global community of data labelers. Sapphire “We are thrilled to have the support of our investors on our path to building the world’s largest network of ‘Sapiens’ – our brand for the millions of humans globally who power today’s most…

Markets

Anticipating Changes in Network Difficulty

Institutional Bitcoin data provider Block Scholes anticipates a novel impact from next week’s Bitcoin halving on the network’s performance. The company believes that it may lead to an immediate drop in the network’s hash rate by roughly 25% within the first two weeks. The firm predicts this event will have a unique effect on the network compared to previous years, particularly in how quickly the difficulty adjusts post-halving. Eamonn Gashier, Founder and CEO of Block Scholes, highlighted that the total block reward, in terms of both Bitcoin and USD, typically rebounds to pre-halving levels months after the event despite an…

Mining

RWA Inc. Partners with Prom to Easily Tokenize Real-World Assets

RWA Inc., a prominent platform for tokenization of real-world assets, has recently started an exclusive partnership. As per the announcement, the company is collaborating with Prom (a popular and cutting-edge gaming NFT platform) to provide convenience in the tokenization of real-world assets. The company took to its official account on X to disclose the latest development. Major News 🗞 It’s a great pleasure to announce our integration into the @prom_io, leading EVM ecosystem. Prom user will now be able to #tokenize real world assets with ease@RWA_inc powering the new economy https://t.co/u1hcO4Nrtz pic.twitter.com/heLahHHC7w — RWA Inc. (@RWA_Inc_) April 12, 2024 RWA…

Blockchain

Bitcoin Flash Crashed to $8.9K on BitMEX

Bitcoin's Tether-denominated price on BitMEX, represented by the XBT/USDT pair, crashed to $8,900 late Monday. BitMEX said on X that it is investigating the large sell orders that caused the flash crash. Yes, you read the title right. Late Monday, bitcoin suffered a brief crash to as low as $8,900 on cryptocurrency exchange BitMEX, while prices on other exchanges held well above $60,000. The slide began at 22:40 UTC, and within two minutes, prices fell to $8,900, the lowest since early 2020, according to data from the charting platform TradingView. The recovery was equally quick, with prices rebounding to $67,000…

Bitcoin

Cleanspark to Upgrade Mining Fleet With 100,000 S21 Pro Bitcoin Miners From Bitmain

The publicly traded bitcoin mining company Cleanspark has exercised its option to acquire 100,000 bitcoin mining machines from Bitmain. The firm initially secured the option last year, and the agreement has now been enhanced to include the latest S21 Pro model from Bitmain, which offers 15 joules per terahash (J/T). Bitmain and Cleanspark Seal Deal for 100,000 High-Efficiency Miners On Friday, Cleanspark (Nasdaq: CLSK) disclosed that its operations have surpassed a total hashrate of 17 exahash per second (EH/s). Back in January 2024, the company announced the acquisition of 60,000 application-specific integrated circuit (ASIC) bitcoin mining rigs and mentioned its…

Mining

Bitcoin Virtual Machine Will Soon Let Users Create AI Models on Bitcoin Network

BVM, a Bitcoin layer 2 project, will release a platform called Truly Open AI, allowing users to deploy AI models on the blockchain for use in crypto applications. The AI’s storage model was built in collaboration with Filecoin, Near, Avail, Polygon, and Syscoin. Bitcoin Virtual Machine (BVM), the Bitcoin layer 2 project, will soon release a platform that allows users to spin up artificial intelligence (AI) models, developer punk3700 told CoinDesk in a message on Tuesday. The new feature, called Truly Open AI, will let users float AI models on the blockchain for use in crypto applications. An AI model…

Bitcoin

Stablecoins are ‘fundamental’ for the US economy — Cantor Fitzgerald CEO

During the Chainalysis Links conference held in New York, Cantor Fitzgerald CEO Howard Lutnick claimed that he supports “properly backed stablecoins,” citing Tether’s USDT and Circle’s USDC as major movers in the market. Lutnick claims that stablecoins represent a beneficial and fundamental instrument for the US economy, noting that the tokenization of financial assets will likely increase over the next decade as stablecoin usage expands globally. “Dollar hegemony is fundamental to the United State of America. It matters to us, to our economy,” Lutnick said in the conference. “That’s why I’m a fan of properly backed stablecoins. I’m a fan…

Markets

Bitcoin ($BTC) Outperforms Pop Music Royalty in Google Searches Following ETF Approval and Price Spike

As the price of the flagship cryptocurrency Bitcoin ($BTC) surged to a new all-time high above the $73,000 mark earlier this month, interest in the cryptocurrency on internet searches also surged, eclipsing pop music titans Taylor Swift and Beyoncé in Google popularity. According to data from Google Trends, Bitcoin’s recent price rally to record highs has propelled searches for the flagship cryptocurrency to their highest level in over a year, attracting more interest from internet users than both music stars combined over the past week, as Bloomberg reported. Bitcoin’s price surged to a new all-time high after the approval of…

Bitcoin

Highly Anticipated FED Minutes Released – Here Are All The Details

Following the higher-than-expected US inflation data today, the FED minutes, which the entire cryptocurrency market and traditional markets focused on, were finally published. The minutes in question belong to the meeting in March where the FED left interest rates constant. Here are the most important sections from the minutes published by the FED: FED minutes show that there is uncertainty about the continuity of high inflation. Almost all FED officials found it appropriate to cut interest rates this year. Almost all of those who attended the FED's meeting on March 19-20 were of the opinion that it would be appropriate…

Markets

Bitcoin Price At Risk of More Downsides Before Fresh Increase To $70K

Bitcoin price struggled to recover above the $68,800 resistance. BTC is now moving lower and there is a risk of more downsides below the $65,000 support. Bitcoin price is struggling to start a fresh increase above the $68,000 zone. The price is trading below $68,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $67,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears the $68,000 resistance zone in the near term. Bitcoin Price Faces Resistance Bitcoin price attempted…

Bitcoin