Author: NBTC
South Korea’s digital landscape is buzzing with a groundbreaking development! Kakao Group, the powerhouse behind the nation’s leading messaging platform, is making a bold and strategic leap into the digital currency space. This significant move involves forming a dedicated Kakao stablecoin task force, signaling a major blockchain initiative designed to reshape financial services. It’s a clear indication that traditional tech giants are serious about embracing the decentralized future. What Drives Kakao’s Ambitious Stablecoin Project? Kakao’s foray into stablecoins is not just an experiment; it’s a central pillar of its long-term growth strategy. The company aims to integrate a Korean won…
Whale shorting XRP gets hit with $650K loss Trader’s XRP short has backfired, with token regaining $3 price level. Whale liquidated. A large trader was partially liquidated on Hyperliquid. A whale who shorted XRP and several other cryptocurrencies recently got partially liquidated on Hyperliquid, according to data provided by analytics platform Onchain Lens. The whale (who is known as @qwatio on the X social media platform) bet against Bitcoin and major altcoins with rather extreme leverage. The trader had the following short positions: BTC (40x), ETH (25x), SOL (20x) and XRP (20x). XRP hits hardest. The cryptocurrency surged past the…
Centrifuge , a blockchain platform focused on tokenizing investment products, has appointed Jürgen Blumberg, former Goldman Sachs executive of the firm’s exchange-traded fund (ETF) accelerator business in Europe, as its new chief operating officer.He will also serve as chief investment officer for Anemoy, Centrifuge’s affiliated on-chain asset management firm. The appointment comes as tokenization of real-world assets (RWA) is drawing new attention from the traditional finance world. Global banks, asset managers are increasingly explore using blockchain rails for moving and recording ownership of assets like bonds, funds and equities. They do so pursuing operational efficiencies, broader distribution and around-the-clock, programmable…
Crypto analyst Crypto Rover (@rovercrc) tweeted that the markets currently expect a 92 percent chance that Federal Reserve will cut rates in September. The positivity is after a poor July jobs report, whereby the economy has been recording a decrease in the labor market, adding only 100,002 instead of expected 226,000 jobs in this report. Analysts consider that the smaller cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) will also gain in case Powell makes this step, and the former may aim to surpass the $70,000+ mark. Stocks also look ready to recover, particularly tech-weighted market indices. Powell ito be…
The CFTC has launched the Crypto Sprint program, focusing on regulatory clarity, institutional cooperation, and secure innovation. In the United States, a shift in cryptocurrency regulation is consequently taking shape. Crypto Sprint: the shock plan of the CFTC to regulate digital finance Project Crypto: the SEC updates the rules for DeFi and tokens The future of US crypto regulation: shared standards, strengthened protections Crypto Sprint: the shock plan of the CFTC to regulate digital finance With the Crypto Sprint initiative, the Commodity Futures Trading Commission (CFTC) aims to quickly implement the recommendations contained in the 2023 report of the President’s…
Most people think of bitcoin as just another asset: You buy some, throw it in cold storage and wait. Easy, right? That’s the white-collar view of bitcoin: clean, polished and abstracted. Perfect for quarterly reports and portfolio charts. But here’s the reality: Bitcoin mining is messy. It’s loud. It’s physical. Bitcoin mining is energy and infrastructure. It’s boots on the ground — not loafers on stage. Miners don’t just hold bitcoin. Miners make bitcoin. And that often overlooked reality matters more than most people realize. I’ve Lived Both Sides Before I started mining, I was deeply involved in the solar…
9GAG, a platform known for its large meme community, has partnered with Moonit to launch a new system that automatically turns viral memes into crypto tokens. The service runs on the Solana blockchain and uses artificial intelligence to detect viral content and create tradable tokens without human involvement. The new system is called Meme Money Market and allows any meme that gains attention on 9GAG to be quickly turned into a token. The process is automated and does not require developers or manual approval. Tokens are created and made available for trading as soon as the content starts gaining traction…
The cryptocurrency world recently witnessed an astounding milestone: monthly on-chain stablecoin volume hitting an unprecedented record of $1.5 trillion in July. This remarkable surge, reported by Sentora (formerly IntoTheBlock), marks the first time in history that digital asset transactions involving stablecoins have reached such a monumental figure. It highlights the growing reliance on these digital currencies for various financial activities within the blockchain ecosystem. What is Driving This Record Stablecoin Volume? Stablecoins are a crucial component of the broader crypto market, designed to maintain a stable value, typically pegged to a fiat currency like the US dollar. This stability makes…
Coinbase has urged US lawmakers to modernize the Bank Secrecy Act (BSA) by incorporating Zero-Knowledge Proofs (ZKPs) into the country’s financial compliance framework. In an Aug. 4 statement, Coinbase’s Chief Legal Officer Paul Grewal argued that ZKPs could enhance financial transparency while simultaneously protecting consumer privacy. Why Zero-Knowledge Proofs? According to him, the existing Know-Your-Customer (KYC) process mandated by the BSA poses security risks, as it is often stored in large, centralized databases vulnerable to cyberattacks. While he noted that the collected information frequently goes unused, he pointed out that they remains an attractive target for criminals. Considering this, he…
Succinct Labs, a popular blockchain infrastructure platform, has announced a crucial step in advancing the zero-knowledge proofs (ZKPs). In this respect, Succinct Labs is introducing “Provers” to bring zero-knowledge proofs to the mainstream and make them tradeable. As the official statement from the platform discloses, this development aims to redefine and simplify ZKPs across the worldwide tech ecosystem. ZKPs denote an exclusive type of network participants who create cryptographic proofs. Zero-knowledge proofs are no longer just technical tools; they’re now valuable and tradeable assets.Succinct (@SuccinctLabs) is building the future of zero-knowledge computing. If Bitcoin has miners, Ethereum has Stakers, Succinct…