Author: NBTC

Fnality, a fintech firm building tokenized versions of major currencies collateralized by cash held at central banks, has raised $136 million in a Series C round to expand its blockchain-based wholesale payment systems, the London-based firm said Tuesday. The investment was led by WisdomTree, Bank of America, Citi, KBC Group, Temasek and Tradeweb, with existing backers including Goldman Sachs, UBS and Barclays also participating. Fnality raised $95 million in 2023, a round led by Goldman and BNP Paribas. The firm’s settlement infrastructure runs on distributed ledger technology and allows sterling payments to be processed on-chain with central bank money. The…

Bybit will enable traders to use the uMint tokenized fund, launched by UBS, as trading collateral. Summary Crypto exchange Bybit partnered with the DigiFT tokenization platform, which manages uMint Bybit will enable traders to use the uMINT tokenized fund by UBS as trading collateral The partnership is part of a broader trend of integration between crypto and tradFi Traditional finance and the crypto space continue to converge. On Monday, Oct. 13, Bybit, the second-largest crypto exchange by trading volume, announced the integration of the uMint tokenized fund. Bybit users will be able to use the fund, launched by the global…

The gas fees of Ethereum are at historic lows after the Dencun update, but they remain subject to variations related to network congestion and Layer 2 activity. What is the Ethereum gas fee and how does it work Ethereum Gas Fees Today: Record Decline in Numbers Why Ethereum Gas Fees Vary: Key Factors When to Use Ethereum Optimizing Gas Fees for Developers and Users Analysis: Ethereum Cheaper but Still Sensitive to Demand Key Points The gas fee of Ethereum measures the computational cost of each operation on the network. After the Dencun update, the average fees plummeted by 95%. Transactions…

Bitcoin and Ethereum exchange-traded funds suffered a $439 million blow in total on Monday, wiping out much of last week’s inflows as investors repositioned around the Federal Reserve’s rate cut and braced for upcoming inflation data. Bitcoin ETFs led the exodus with $363.1 million in outflows, led by Fidelity’s FBTC shedding $276.7 million and ARK 21Shares’ ARKB losing $52.3 million, according to Farside Investors data. Meanwhile, Ethereum funds recorded $76 million in redemptions, led by Fidelity’s FETH hemorrhaging $33.1 million, followed by Bitwise’s ETHW at $22.3 million and BlackRock’s ETHA at $15.1 million. Onchain analyst Ali Martinez told Decrypt that…

Binance’s meme launchpad Four.meme announced it will try to lower the number of launches to avoid a token bloat. The past day saw an inflow of high-risk new tokens, moving away from the approach of selected and curated memes. Four.meme will require a small fee for token launches, to avoid spamming with new memes. The platform does not aim to replicate the Pump.fun drive to generate as many tokens as possible. Instead, Four.meme says it wants to prevent rug pulls, though it seems more risky tokens have slipped onto the platform. Four.meme will do a manual review of recently launched…

The Bitcoin (BTC) mining difficulty fell to 146.7 trillion on Friday as the network hashrate, the average of the total computing power dedicated to securing the decentralized protocol, hit an all-time high of over 1.2 trillion hashes per second. BTC mining difficulty is down by about 2.7% from the all-time high difficulty level of over 150.8 trillion reached during the previous adjustment period, according to CoinWarz. Bitcoin mining difficulty drops. Source: CryptoQuant However, network hashrate hit an all-time high on Tuesday, and remains elevated above 1.2 trillion, despite a small dip from Tuesday’s all-time high, data from CryptoQuant shows. CoinWarz…

Ether (ETH), the native cryptocurrency of the layer-1 Ethereum blockchain network, is down about 6.7% in the past 24 hours, following Friday’s market crash, showing greater price resilience than many altcoins, which crashed by over 95% in some cases. The market crash sparked by US President Donald Trump’s tariff announcement took the price of ETH down to a low of about $3,510 on Friday, a decline of over 20% in a single day. Price tapped the 200-day exponential moving average (EMA), a dynamic support level, before rebounding to over $3,800. The relative strength index (RSI) is also at 35, nearing…

Cloudburst Technologies said it closed a $7 million Series A funding round to develop its platform for off-chain crypto intelligence. Unlike most blockchain analytics firms that concentrate on on-chain activity, New York-based Cloudburst specializes in analyzing data sources such as chatrooms and regulatory filings to monitor fraud networks, illicit actors, scams and social sentiment. The round, which brings total funding since its 2022 founding to $11 million, was led by Borderless Capital. Additional backing came from Strategic Cyber Ventures, CoinFund, Coinbase Ventures, Bloccelerate VC and In-Q-Tel, according to a Tuesday announcement. The company says its tools are designed to provide…

According to CRYPTOWZRD in a recent post, both Ethereum and ETH/BTC closed the session on a bearish note but quickly recovered, showcasing ETH’s resilience and renewed buyer confidence. He noted that a move above $4,000 would be a crucial development, potentially marking a key turning point for Ethereum’s momentum. Bearish Daily Close Mirrors Bitcoin’s Market Direction CRYPTOWZRD further explained that Ethereum and ETH/BTC’s daily candle bearish close followed Bitcoin’s lead. Despite the negative close, Ethereum displayed relative strength compared to most other cryptocurrencies, maintaining a more resilient structure amid the decline. This reflects the asset’s continued dominance in the altcoin…

The world of digital assets is buzzing with exciting news! Archetype, a prominent crypto venture firm, has successfully raised a monumental $100 million for its new Fund III. This significant capital injection is set to fuel the next wave of innovation in the rapidly evolving blockchain and Web3 space. For anyone following the pulse of the digital economy, this latest crypto fund is a clear indicator of continued institutional confidence and strategic investment in groundbreaking technologies. What Does This New Crypto Fund Mean for the Market? This substantial capital raise by Archetype is more than just a number; it represents…