Author: NBTC

New partnerships between central banks target digital currency integration to streamline tokenized cross-border transactions and modernize the global financial infrastructure. Cross-Border Finance Revolution: Three Nations Pioneer Digital Asset Integration The Hong Kong Monetary Authority (HKMA) unveiled two significant partnerships this week to promote cross-border tokenization with the Bank of Thailand (BOT) and Brazil’s Banco Central do Brasil (BCB). Both collaborations, part of HKMA’s Project Ensemble, target the integration of central bank digital currency (CBDC) infrastructures for tokenized cross-border transactions. In partnership with the Bank of Thailand, the HKMA aims to explore Payment versus Payment (PvP) and Delivery versus Payment (DvP)…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. In a continuing trend of Ethereum-centric projects expanding into the Solana ecosystem, Worldcoin’s World IDs can now be authenticated on Solana. Well-funded interoperability protocol Wormhole is handling the deployment by bridging World ID’s state roots, or snapshots of details like account balances at a given point in time, from Ethereum to Solana. Early Solana-native projects to explore using World ID include DRiP, DSCVR and Flojo. Worldcoin is an identity project developed by Tools for Humanity, a company that boasts…

Immutable, an Ethereum Web3 gaming firm, has received a Wells Notice from the United States Securities and Exchange Commission (SEC), according to a statement released on Friday. A Wells Notice is an indication that the SEC is considering filing a lawsuit against a company. In a blog post, Immutable stated that the SEC served it a sudden Wells notice, which non-specifically alleges violations of securities law and alleged misrepresentations by the company. While not indicated in the notice, Immutable believes the SEC’s claims are aimed toward the listing and private sales of IMX in 2021. Immutable joins Coinbase, Consensys, Ripple,…

Over the last six months, Bitcoin (BTC) has been trading in a range that is getting progressively tighter. During this period, prices have ranged from a high of $73,100 to a brief low of $53,960 — as of press time, the world’s largest cryptocurrency has shed 11.78% of its price, taking a notable bite out of the 40.10% year to date (YTD) rise. In a TradingView post on August 27, technical analysis expert and trader MetaShackle suggested that “BTC is forming an absolutely massive Cup & Handle on the Daily/Weekly chart. There has never been a formation like this in…

On October 29, 2024, The Boston Consulting Group, Aptos Labs, and Invesco published a Whitepaper with the title Tokenized Funds: The Third Revolution in Asset Management Decoded. Although the title is interesting and potentially thought-provoking, is there any truth in it? Is fund tokenization the next step in financial evolution, and if so, to what end? According to the White Paper, fund tokenization (which they call the third revolution in asset management) offers the potential to create billions of dollars of value for both financial institutions and end investors. It claims that in late 2024, tokenized funds had secured more…

The XRP Ledger (XRPL) is set to receive an upgrade aimed at resolving a network issue. The primary issue that prompted this upgrade involved full history (FH) nodes failing due to an SQLite restriction in page sizing. Vet, an XRP dUNL validator, shared this development in an X post. According to Vet, the fix for the XRP Ledger Full History Servers issue has been merged in an official rippled release of the XRPLF Repository – rippled 2.2.3, which is now available for installation. The fix for #XRP Ledger Full History Servers is merged in an official rippled release of the…

Fundstrat’s Tom Lee is issuing a warning that financial markets should be navigated with caution until the 2024 US election concludes. In a new interview with CNBC, Lee says that investors may receive a better chance to go long in the coming weeks. “I think investors should be cautious… For the next eight weeks… It’s been up seven out of the eight months this year, so we know it’s an incredibly strong market… I think in the next eight weeks, people will get a chance to buy. So I’d say be cautious but ready to buy that dip.” When pushed…

Investors are withdrawing from TBILL, showing a demand for accountability and transparency in tokenized securities. TBILL dominates the market with a robust asset value of $99.5 million, reflecting strong growth amid investor concerns. OpenEden’s swift action against allegations highlights the urgent need for improved safety and integrity in the crypto industry. Reports indicate a $37 million redemption from TBILL shifting in investor sentiment. This trend reveals a growing demand for values and accountability in the organizations they support. Despite the challenges, the overall market for tokenized government securities continues to expand. Investors are fleeing, $37M redemption on TBILL Though our…

Someone recently paid 26,000 XRP ($15,315 at current prices) in order to send just 0.15 XRP. As noted by Vet, operator of the XRP Ledger dUNL Validator, the mishap likely involved a developer whose script ended up bugging out due to bad code. Normal users of apps of the likes of Xaman, a non-custodial wallet for the XRP Ledger, cannot experience such incidents since far-finger errors are supposed to be automatically prevented. As reported by U.Today, a Bitcoin user paid $47,000 to send an insignificant transaction back in November 2020. Back then, the block with the massive fee was produced…

In a recent social media post, prominent commodity trader Peter Brandt named three main reasons why Bitcoin bulls should be worried. For starters, he mentioned that the largest cryptocurrency has been forming a series of lower highs and lower lows. This is a bearish signal that typically indicates waning market optimism. Such a formation can often be interpreted as a trend reversal. As noted by Brandt, the downward slope of lows “shows a lack of energy.” It is worth noting that a downward slope is typically indicative of a downtrend. Finally, Brandt, who is considered to be one of the…