[ad_1] Concordium has introduced four stablecoins: Agant, Noon, Deep Blue, and AEDX, to directly issue their assets on its Layer 1 blockchain platform. The four stablecoins operate through Concordium’s Protocol-Level Token technology that enables token issuance beyond smart contracts. The network utilizes automated security mechanisms to minimize typical vulnerabilities that affect Ethereum and Solana smart contracts. The integration represents an important advancement within the PayFi ecosystem of Concordium. Native token issuance through the protocol allows users to securely store stablecoins directly in their wallets because there is no requirement for intermediary contracts. The built-in identity layer from Concordium implements zero-knowledge…
Author: NBTC
[ad_1] Cryptocurrency-focused economist Timothy Peterson has made a remarkable assessment of Bitcoin’s potential price action in a high-interest environment. Peterson analyzed Bitcoin’s past performance after High Yield interest rates in the US rose above 8%. According to Peterson, similar interest rate levels have been observed 38 times since 2010. In the three-month periods following these periods, Bitcoin increased by 71%. The median gain in these periods was calculated as 31%, while the biggest loss was limited to 16%. According to the economist, these data indicate that Bitcoin could trade in the range of $75,000 to $138,000 in the next 90…
[ad_1] Pi Network’s token saw a brief 4% price bump over the past day after releasing its long-awaited Mainnet Migration Roadmap. Meanwhile, the token has lost most of these gains at press time. While the movement has caught attention, analysts are still cautious. Roadmap Raises Hopes—and Questions The newly released roadmap outlines a three-phase plan for transitioning to the mainnet. However, the absence of concrete dates or timelines has frustrated much of the Pi community. Although the release update helped spark a short-term price reaction, many users have voiced concerns over the lack of clarity, especially as some report inconsistencies…
[ad_1] Los Angeles Police Department Detectives recovered more than $3.9 million in stolen goods—including Bitcoin miners worth $2.7 million—after tracking a cargo theft ring to a San Pedro, CA warehouse. The Los Angeles Police Department’s Cargo Theft Unit detectives, working in conjunction with the Los Angeles Port Police, Union Pacific Police, and Airport Police, arrested 41-year-old Oscar David Borrero-Manchola and 25-year-old Yonaiker Rafael Martinez-Ramos, who the department called “prominent members” of a South American crime ring linked to cargo theft operation in the Los Angeles area. A Bitcoin miner is a specialized computer designed to solve complex mathematical problems that…
[ad_1] The European Data Protection Board has approved draft rules governing how personal data is stored and shared on blockchains, marking another step toward aligning decentralized technology with existing standards. The new guidelines limit access to stored information and comply with the General Data Protection Regulation (GDPR) protections, according to the EDPB, which ratified the rules this month and opened public comment until June 9. “Blockchains have certain properties that can lead to challenges when dealing with the requirements of the GDPR,” the EDPB said in a version of the guidelines available online. “The guidelines highlight the need for Data…
[ad_1] Since bitcoin briefly dipped below global averages in South Korea on April 9, the past ten days have seen the coin fetch a premium, touching 2.97% above international benchmarks. Seoul’s Bitcoin Premium Hits 3% With fewer high-return domestic investment avenues, South Koreans often gravitate toward cryptocurrencies such as bitcoin. Ten days ago, amid a market jolt sparked by concern over U.S. President Donald Trump’s tariff ambitions, bitcoin changed hands at a 1.19% discount to the global mean on local exchanges. Since then, a premium—almost a fixture in Seoul’s market—has returned, peaking at 2.97% on April 15, according to cryptoquant.com…
[ad_1] The NFT market experiences swift development while newer NFT projects introduce competitive challenges to established collection rankings. Phoenix Group published a weekly sales volume report, which demonstrated changes in the market through emerging names utilizing multiple blockchains and active communities that rose up in rankings. TOP #NFT COLLECTIONS BY WEEKLY SALES VOLUME #Courtyard #DMarket #GuildofGuardians #CryptoPunks #PudgyPenguins #SolanaMonkeyBusiness #GoodVibesClub #Sorare #MutantApeYachtClub #DogeZuki #TaprootWizards #Panini pic.twitter.com/N1dl1oujlD — PHOENIX – Crypto News & Analytics (@pnxgrp) April 23, 2025 Courtyard Maintains the Crown with Steady Growth Courtyard holds the leading position in the sales rankings after accumulating $18.15 million in weekly revenue…
[ad_1] Zora, the Ethereum-based platform known for its creator-friendly approach to non-fungible tokens and onchain content, has announced it will launch its long-awaited token, ZORA, on Apr. 23, 2025. According to an Apr. 21 post shared on X, the token distribution will be based on two snapshots of user activity. The first snapshot covers contributions from Jan. 1, 2020, to Mar. 3, 2025, while the second includes activity up to Apr. 20, 2025. These snapshots will help determine eligibility for a retroactive airdrop, part of a wider strategy to reward long-time creators, collectors, developers, and participants in the Zora ecosystem.…
[ad_1] Bitcoin (BTC) miner Riot Platforms (RIOT) has struck a $100 million credit agreement with Coinbase’s credit arm, using bitcoin as collateral to secure short-term funding for its ongoing expansion. The publicly traded mining firm said in a press release it would draw on the facility over the next two months. The deal offers Riot, which currently holds 19,223 BTC worth over $1.8 billion, a line of credit that avoids issuing new shares. “This credit facility is a key part of our efforts to diversify sources of financing to support our operations and strategic growth initiatives, with a view towards…
[ad_1] South Korea’s National Pension Service (NPS) is mulling over the prospect of turning to blockchain to streamline its accounting processes. A local news outlet reports that the NPS is opening the doors for blockchain service providers to pitch Web3-based solutions to the pension board. Currently, the NPS controls 1.2 trillion won (US$836 billion), and the bulk of the blockchain-based solution will revolve around its fund transaction systems. The NPS will seek solutions for increased security and transparency for its funds while streamlining deposits and withdrawal processes. Under the migration, every NPS transaction will be stored on a distributed ledger…