Author: NBTC

Luca Prosperi, the head of M^0 Labs (a company that helps institutions create their own cryptodollars), shared his thoughts on decentralized finance (DeFi) and more in a recent interview on the Thinking Crypto podcast. He feels the connection between DeFi and traditional finance (TradFi) is awkward and that DeFi needs to adopt more TradFi values to become part of people’s everyday lives. In the YouTube podcast, Prosperi explained that the early DeFi folks were innovators, disruptors, and risk-takers, but the industry would benefit from “some level of institutionalization and professionalization of services.” “I think DeFi needs to expand a little…

Flow enables high-speed, secure transactions, supporting major NFT platforms like NBA Top Shot. Theta combines blockchain with video streaming, revolutionizing digital content distribution via NFTs. Binance Smart Chain offers low-cost, fast processing, attracting NFT creators and broadening their audience. When it comes to Non Fungible Tokens (NFTs), some altcoins have taken the lead, making significant strides in this innovative space. Three such altcoins are Flow (FLOW), Theta (THETA), and Binance Smart Chain (BSC). Each of these projects has carved out a unique position, supporting the booming NFT ecosystem. Flow (FLOW): The Backbone of Major NFT Platforms Flow (FLOW), developed by…

Argentina is poised for a technological upheaval as it emerges as a pioneer in the global cryptocurrency landscape. Amid dire economic circumstances, the cryptocurrency sector is becoming a cornerstone for fiscal recovery and innovation. “Argentina’s unique circumstances have turned it into a fertile ground for crypto experimentation,” highlights María Gómez, an economist and crypto enthusiast. This article explores Argentina’s rise as a leading nation in cryptocurrency adoption amidst economic challenges and the Crecimiento movement’s efforts to transform the country. The Crecimiento Movement: A Catalyst for Change At the center of Argentina’s crypto revolution is the Crecimiento movement, which has galvanized…

The Cardano Foundation has been working on a building block that introduces Inter-Blockchain Communication Protocol (IBC) capabilities to the Cardano blockchain, specifically designed to enable reliable transactions and data exchanges across distinct blockchain networks. In the last few months, Composable Finance launched the first IBC implementation connecting Polkadot, and Kusama, and connections are in development with Avalanche via Landslide, NEAR via Omnity Network, BNB via Toki, Polygon via Union, and now, Ethereum and Solana via Picasso Network. The IBC framework works not only to enhance existing systems but also to expand what they can achieve. It facilitates the transfer of…

Coinbase, the largest cryptocurrency exchange in the United States, announced that Coinbase Prime has signed a custody agreement with Ethena Labs. Coinbase announced in its official blog post that its brokerage platform Coinbase Prime has signed a custody agreement with Ethena Labs, the issuer of stablecoin USDe. Under this agreement, Coinbase will manage the custody of ENA tokens for Ethena Labs and the Ethena Foundation. Under the agreement, Coinbase Prime will provide custody, USDC, and self-hosted wallet services for Ethena. Additionally, Coinbase Prime’s Web3 wallet will be integrated into Ethena’s minting and redemption processes, improving the protocol’s efficiency. “Specifically, the…

The bank reduced its CLSK, IREN, MARA and RIOT price targets to account for second-quarter results and changes in the price of bitcoin and the network hashrate. JPMorgan prefers Iren and Riot Platforms, and says recent underperformance in these stocks presents a buying opportunity. The bank estimates the notional value of the remaining bitcoin to be produced by miners at around $74 billion. At current bitcoin (BTC) prices, the value of the remaining 1.3 million tokens left to be mined is about $74 billion, JPMorgan (JPM) said in a research report on Friday. The bank reduced its price targets for…

In the world of cryptocurrency, few moments are as historic as the first email exchange between Satoshi Nakamoto and Adam Back. Exactly 16 years ago today, on Aug. 20, 2008, Satoshi Nakamoto reached out to Adam Back, the inventor of Hashcash, to discuss a revolutionary idea that would eventually become Bitcoin. According to Bitcoin historian Pete Rizzo, this email was the first recorded communication between Satoshi Nakamoto and Adam Back regarding Bitcoin. ✨ Exactly 16 years ago today, Satoshi Nakamoto 1st emailed Adam Back about BitcoinToday, Adam is still building the future of money2 legends, 1 legacy ️‍💫 pic.twitter.com/eEFsUXNlrc —…

Aave Labs proposed an update to its GHO Stability Module (GSM) on Aug. 26, which involves using BlackRock’s tokenized fund BUIDL’s shares to help maintain the dollar peg of its stablecoin. According to the proposal, a new GSM would let Aave exchange users’ USD Coin (USDC) given to mint its ecosystem native dollar-backed stablecoin GHO for BUIDL shares. The tokens would be held in a smart contract until the user redeems its GHO for USDC. BUIDL’s shares have a stable value of $1 per token and pay daily returns to its investors each month. The fund allocates its assets to…

Based on the metrics collected from Aug. 17 to Aug. 24, 2024, the non-fungible token (NFT) market experienced a lively 24.33% boost in sales compared to the previous week. Sales reached an impressive $99.05 million, with Ethereum-based NFTs leading the charge at $36.62 million. NFT Market Booms With Ethereum at the Helm Reaching $99M in Sales This week, cryptoslam.io metrics show the NFT scene saw a healthy 24.33% uptick from the previous week. Not only that, but the number of NFT buyers shot up by 42.96%, and sellers weren’t far behind, with a 41.53% increase. Ethereum took the crown as…

Beijing-based Asian Infrastructure Investment Bank (AIIB) has raised $300 million in its inaugural bond issuance using blockchain-based tech from Euroclear, the same blockchain platform used by the World Bank. The AAA-rated note offers a 4% coupon and matures in January 2027. This was issued on Euroclear’s distributed ledger (DLT) platform. This marks the first time an Asia-based institution has utilized this blockchain-enabled system for bond issuance, and the first US dollar-denominated digital bond on the platform. Citigroup Inc. and BMO Capital Markets played key roles in the transaction, with Citi handling distribution and settlement processes between the issuer and investors.…