This week, the publicly traded mining company Marathon Digital Holdings unveiled new firmware and a control board designed to enhance the efficiency of bitcoin mining rigs. Marathon revealed it has been developing this technology for about a year. Marathon Releases Custom Firmware and MARA UCB 2100 Control Board On March 25, 2024, Marathon (Nasdaq: MARA) […] Original
Day: March 26, 2024
Derivatives Exchange Intent X Integrates Orbs Liquidity Hub to Enhance Liquidity for Users
IntentX, a decentralized perpetual exchange, announced its partnership with Layer 3 network Orbs to integrate the latter’s Liquidity Hub. Orbs Liquidity Hub will serve as IntentX’s main spot engine, allowing users access to spot orders and the perpetual contracts marketplace. Orbs Liquidity Hub is a DeFi infrastructure platform that operates above automated market makers (AMMs). It sources liquidity from on-chain and off-chain to help with the problem of fragmented liquidity across DEXs. The platform aggregates all of the deployed chain’s liquidity and allows DEXs to tap into external liquidity sources…
$COOKIE, the Cookie3 MarketingFi Ecosystem Token, will Launch on ChainGPT Pad and Polkastarter – Blockchain News, Opinion, TV and Jobs
Tallinn, Estonia, March 26th, 2024, Chainwire This first MarketingFi utility token will launch within the Cookie3 ecosystem. $COOKIE represents digital marketing value passed on to users who drive projects forward instead of on advertising giants like Google or Facebook. Cookie3, a MarketingFi Protocol and AI Data Layer, has just announced that $COOKIE—the Cookie DAO-powered token, will launch on ChainGPT Pad and Polkastarter in Q2 2024. Using the Cookie3 technological stack, $COOKIE aims to move $366B digital marketing value from advertising giants onto users who bring quality to projects and help…
AI Bot ‘Syntax’ From Spectral Labs Could Help Non-Coders Write Ethereum Apps
“Say I want to code an ERC-20 token called ‘ABC’ with 100 million supply,” Spectral Labs CEO Sishir Varghese told CoinDesk in an interview. “Syntax would generate all of the code for the user. The user would be able to compile, test for vulnerabilities, test for gas efficiency and code optimization, and then deploy the app directly on-chain right from the interface.” Source
Bitcoin Miner Arkon Energy Plans Public Listing in Amsterdam Through Merger With Shell Company
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UK Govt-Backed Report Urges Firms to Execute Tokenization Strategies
Members of the Technology Working Group include the U.K. government’s finance arm and the Financial Conduct Authority, which regulates the country’s finance sector, including crypto. This new report builds on the group’s November report where it urged regulators to establish clarity for tokenization as firms continue to take an interest in it. Source
Bitcoin and Ether ETNs to Debut on LSE
The Nasdaq-listed spot bitcoin (BTC) ETFs registered inflows totaling $15.4 million on Monday, ending a five-day run of outflows, according to provisional data published by investment firm Farside. Fidelity’s FBTC led the inflows, collecting $261.8 million, followed by BlackRock’s IBIT, which amassed $35.5 million. Other funds like BITB, BTCO, EZBC, and BRRR received between $11 million and $20 million each. Meanwhile, Grayscale’s ETF (GBTC) continued to bleed money, losing just over $350 million. Last week, the ETFs saw a cumulative outflow of $887.6 million, as a result of withdrawals from…
Will Bitcoin’s success bring its doom?
As the fourth Bitcoin (BTC) halving gets closer, some experts believe the event could lead to centralization risk, threatening the blockchain network. Once every four years, the block reward for Bitcoin miners is cut in half to help the asset maintain its scarcity. The event is called halving. Historically, miners have stayed fully operational and even grown in number over the last three compensation cuts thanks to the rising BTC price. However, many wonder if the BTC price is high enough for miners to remain operational or if it would…
Crypto Outflows Reach New Record High, Will The Bitcoin Decline Continue?
Crypto investment products have finally registered a week of outflows after seven weeks of consecutive strong inflows and two weeks of breaking records after records. In fact, data has shown that these investment products have now set a new record for the most outflows in a week, extending the run of record creation. According to data from CoinShares, investors pulled out $942 million from crypto investment products last week to wipe $10 billion off total assets under management (AuM). Interestingly, a larger part of this outflow came from Bitcoin, as…
BlackRock’s New Tokenized Fund Brings TradFi, Crypto Closer: Bernstein
Bernstein notes that while tokenized money market funds are not new, the launch of the BlackRock USD Institutional Liquidity Fund (BUIDL) is significant in the way the investment manager has “brought in key ecosystem partners from both the traditional world and the crypto world.” “This would facilitate interoperability between both sides and would comfort more traditional customers to adopt on-chain funds, without major friction points,” analysts Gautam Chhugani and Mahika Sapra wrote. The fund is represented by the blockchain-based BUIDL token, and is fully backed by cash, U.S. Treasury bills,…