Author: NBTC
UBS has successfully piloted its blockchain-based payment system to enhance the efficiency of cross-border transactions. Multinational investment giant UBS has completed a pilot of its blockchain-based payment system dubbed “UBS Digital Cash,” aimed at improving the efficiency of cross-border transactions. In a Nov. 7 press release, the Zurich-headquartered bank said the trial, which involved multinational clients and banks, included both domestic payments within Switzerland and cross-border transactions in U.S. dollars, Swiss francs, euros, and Chinese yuan. The system uses a private blockchain network called “UBD Digital Cash,” accessible only to permissioned clients, with transactions settled through smart contracts that automatically…
A top crypto analyst known for predicting the May 2021 Bitcoin collapse believes BTC could hit six-figures this market cycle. The pseudonymous trader known as Dave the Wave tells his 146,800 followers on the social media platform X that the Elliott Wave theory indicates Bitcoin may soar by 160%. The Elliott Wave theory states that a bullish asset tends to witness a five-wave rally with waves one, three and five representing impulsive moves to the upside and waves two and four serving as corrective periods. “With BTC price already doing a 4.6x off the bottom, another 2.6x is perfectly feasible.”…
A rare on-chain anomaly has been detected in the Shiba Inu (SHIB) token over the past 24 hours. According to IntoTheBlock, the volume of large transactions in the popular meme-inspired cryptocurrency increased from 33 to 42 in the past 24 hours. This can be considered a fairly large increase, as the sample includes transactions worth at least $100,000 – since there have been nine more such transactions in the past 24 hours, this means an increase of $900,000. This is often the case, that an increase in the number of large transactions leads to an increase in their volume. However,…
With the election of Donald Trump as the 47th President of the United States, cryptocurrency-focused economist Timothy Peterson has stated that he believes it will be a transformative period for Bitcoin and the overall digital asset market. Peterson touched on the following important points in his statement: The End of the Gentile Era Peterson noted that current SEC Chairman Gary Gensler, whose term officially runs through 2026, is potentially being ousted. Gensler has been at the center of controversy within the crypto community due to his aggressive stance on regulating digital assets. According to Peterson, recent election results have positioned…
According to a statement on November 6, ADDX, the private exchange, Australia and New Zealand Banking Group (ANZ), and Chainlink have launched an innovative cross-border transaction solution using tokenized commercial paper. The project leverages ADDX’s investment platform, ANZ’s Digital Asset Services, and Chainlink’s Cross-Chain Interoperability Protocol (CCIP) with its private transaction functionality. It was designed to provide regulatory compliance for digital asset transactions by allowing financial institutions to tokenize and conduct these transactions within their existing frameworks. Commercial paper was chosen for this pilot due to its short-term nature, allowing the full lifecycle of the asset to be demonstrated. This…
According to a recent report released by analytics platform Santiment, meme Shiba Inu (SHIB) is currently experiencing “tremendous” levels of fear, uncertainty and doubt (FUD). This is based on the fact that the percentage of supply held by wallets with less than one billion tokens (roughly $13,000 at press time) is at its lowest level since November 2022. Large SHIB whales control the vast majority of holdings, which indicates a high level of centralization. SHIB is also suffering from rapidly declining social media interest. The Dogecoin rival has attracted very few social media discussions over the past month. This makes…
ANJ, the gambling regulator in France may put a ban on Polymarket soon. The betting website has become particularly popular due to the US elections. Polymarket has been the center of discussion among various regulatory agencies across the world. It allows users to bet on outcomes related to almost anything, such as sports results, prices of assets, geopolitical events like wars, and of course, election results. Over $3.2 billion in bets were wagered on the US elections, and on 5th November alone, the website recorded a $294 million volume. However, according to a recent report published in The Big Whale,…
On November 7, Chainbase, a notable blockchain data network, revealed a major partnership with Google Gemini, aimed at enriching its Chainbase Manuscript platform. This collaboration focuses on elevating data interaction and analysis capabilities, providing users with a more intuitive interface for on-chain data applications. The integration will allow users to perform intricate data queries using natural language, streamlining access and enhancing analytical processes. Contents hide 1 How Will This Partnership Improve Data Interaction? 2 What Benefits Does This Offer Users? How Will This Partnership Improve Data Interaction? The collaboration with Google Gemini is set to significantly enhance the analytical features…
Lookonchain, a blockchain surveillance resource, has identified an event that suggests Bitcoin might be on its way to a new all-time high. The on-chain intelligence platform disclosed this in a recent commentary amid Bitcoin’s ongoing recovery push. For context, BTC staged an impressive breakout over the past weekend, partly fueled by increasing demand as the U.S. presidential election looms. Bitcoin Recovers to End October Bullish Amid the uptrend, Bitcoin recorded four consecutive intraday gains from Oct. 26 to 29, soaring by 8.97% within this period. Interestingly, the firstborn crypto asset came close to breaching its March 2024 all-time high on…
Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. The Solana validator world is an interesting tangled web right now. For starters, tips and fees on Solana transactions have declined along with the price of SOL from pretty stellar levels over the summer. As we covered last week, smaller validators are particularly hard-hit by this, especially since the Solana Foundation lowered its commission caps for validators receiving stake from its delegation program. For those smaller validators, and all Solana validators in general, the entire ballgame is drawing more…