Author: NBTC
The Hong Kong Monetary Authority (HKMA) on Tuesday formed a working committee in order to set industry standards for wholesale CBDC interoperability. The group also aims to facilitate tokenized asset transactions and interbank settlement using wCBDC. “It will make recommendations on specific topics, initially focusing on setting up a mechanism to support seamless interbank settlement of tokenized deposit through wCBDC for tokenized asset transactions.” Dubbed Project Ensemble Architecture Community, the group will assist in the implementation of the Sandbox, slated to launch by mid-2024. The Project Ensemble Sandbox would aid in further research and testing of tokenization use cases, HKMA…
Cryptocurrency analytics firm Layergg has released its weekly token and trend watch list, highlighting key trends and events in the altcoin market. Dogecoin (DOGE) Coinbase International is preparing to launch Dogecoin futures on April 1. With April 20th being known as ‘Doge Day’, it is important to consider the recent tendency for memecoin prices to react sensitively to such events. Aptos (APT) Aptos is preparing to make a major RWA (real world assets) announcement in April. There are rumors of a potential partnership with a major asset manager, possibly BlackRock or Franklin Templeton. Details are expected to be announced at…
The U.S. Securities and Exchange Commission already has Ripple’s recently announced stablecoin in its crosshairs. In its recent filing, the SEC described the stablecoin as an “unregistered crypto asset.” As reported by U.Today, Ripple announced its dollar-backed cryptocurrency in early April. The “enterprise-grade” stablecoin, which will be launched both on the XRP Ledger and Ethereum, is supposed to bridge traditional finance with crypto. According to Ripple CTO David Schwartz, the name of the stablecoin project is going to be unveiled in June. The lawsuit is “closer than ever” to its end In its reply, the SEC claims that a permanent…
Revolut, the super financial app, has launched the new crypto trading platform: Revolut X. Dedicated only to users in the United Kingdom, the new crypto-exchange offers fixed fees of 0% for makers and 0.09% for takers. Revolut X: the new crypto-exchange of the fintech app for users in the United Kingdom Revolut X: the new crypto-exchange for experienced traders in the United Kingdom The recent listing of FLOKI Revolut X: the new crypto-exchange of the fintech app for users in the United Kingdom Revolut, the famous fintech app, quietly launched its new crypto trading platform: Revolut X. At the moment,…
The Bitcoin network experienced its second difficulty adjustment post-halving and the most significant reduction this year. Additionally, the network’s total hashrate fell below the 600 exahash per second (EH/s) mark for the first time since late March. Bitcoin Network Sees Significant Reduction in Difficulty and Hashrate Over the forthcoming two weeks, Bitcoin miners will see some respite as the difficulty level has decreased by 5.62%, moving from 88.10 trillion to the present 83.15 trillion. This change marks the most substantial reduction in 2024 and came after the halving on April 19, 2024. Bitcoin’s total hashrate has dropped by 75 EH/s…
Ethernity is a platform that offers authenticated and licensed NFTs featuring well-known figures such as Lionel Messi and Shaquille O’Neal. It has announced a Layer-2 solution on the Ethereum blockchain. This development aims to address the challenges faced by major brands in adopting blockchain technology. Ethernity Unveils Layer-2 Blockchain The new Ethernity Chain Layer-2 solution will enhance privacy, lower transaction costs, and simplify user interfaces. It will include security measures and utilize AI for implementing Digital Rights Management (DRM) controls. This aims at preventing counterfeit trading and protecting creators’ intellectual property. Nick Rose Ntertsas, Co-Chief Executive Officer at Ethernity, stated…
For the second month in a row, venture capital investment in the cryptocurrency sector has exceeded $1 billion, indicating the market’s continuous expansion. April saw a total of $1.02 billion raised over 161 investment rounds, somewhat less than the previous month’s $1.09 billion from 186 deals. This achievement is a significant milestone, matching the highs achieved in October-November 2022. 🗞️ Crypto NewsCrypto venture capital funding has exceeded $1 billion, signaling sustained investor interest in the industry.🔗 https://t.co/BYxyzN0kiA#CryptoNews — CoinMarketCap (@CoinMarketCap) May 8, 2024 This accomplishment was made possible by notable fundraising efforts. Securitize, a real-world asset tokenization company, has received…
After a week in which the FED left interest rates constant, as expected, and in the cryptocurrency market, Bitcoin could not exceed $ 70,000 and lost 3% of its value weekly, token lock openings loaded in many altcoins will be waiting for crypto users in the new week. Here is the token unlocking calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times are stated in UTC+3 Türkiye time) Near (NEAR) Market Value: $6.92 billion Token Unlock Amount: $1.67 million (0.02% of Market Cap) Date: 25 March 2023, 03:00 H2O Dao (H2O) Market Value: $45.78 million Token Unlock…
Bappebti, the Indonesian commodities regulator, formed a committee dedicated to monitoring the crypto industry. The committee will include regulator, government and industry representatitves. The Commodity Futures Trading Regulatory Agency, the Indonesian government agency known as Bappebti whose responsibilities include overseeing cryptocurrencies, formed a dedicated committee to monitor the industry. The Crypto Asset Committee was established under regulations enacted in January. Crypto falls under Bappebti’s jurisdiction because crypto is considered a commodity in Indonesia. “This committee will be a driving force, ensuring that the crypto asset industry continues to operate smoothly and remains within the applicable legal framework,” Kasan, the head…
Tether today announced an additional investment in CityPay.io to strengthen its Eastern European presence. The funding will enhance the payment processor’s reach in over 600 Georgian locations, according to the announcement. “Our previous collaboration with CityPay.io yielded exciting results in expanding convenient cryptocurrency use across Georgia. With this second investment, we aim to build on those results and drive the adoption of cutting-edge technologies that disrupt traditional payment systems,” said Paolo Ardoino, CEO of Tether. “We are thrilled to collaborate with CityPay.io again in our joint efforts to build a fairer, more connected, and accessible global financial system.” CityPay.io powers…