Author: NBTC
In a groundbreaking development for the financial and blockchain sectors, the Nairobi Securities Exchange (NSE) has officially joined the Hedera Council. Announced on Hedera’s official blog, this partnership marks the NSE as the 32nd Council member, signaling a significant step towards the widespread adoption of tokenized securities. Leveraging Hedera’s advanced technology, the NSE aims to collaborate with global organizations to launch digital assets and tokenized securities, revolutionizing the traditional securities market. Introduction to the Partnership Who is Hedera and the Nairobi Securities Exchange? Hedera is a leading public distributed ledger platform known for its high performance, security, and scalability, powered…
Security strategies within the Bitcoin network are in a constant state of progression, and in this exploration, we will assess how these strategies have evolved from simple digital wallets to complex multi-signature mechanisms. This includes an overview of the latest advancements in cryptographic technologies, such as Schnorr signatures. In simple terms, we will examine these technologies that help to provide the necessary fortifications that act as the foundation behind Bitcoin’s security framework. We will also consider some of the major security incidents in recent years and the lessons that were learned. The overall aim of this piece is to emphasize…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Gross domestic product came in marginally softer than expected for the third quarter of 2024, but the pace of growth still indicates that a soft landing is within reach — or, according to some analysts, already here. GDP in the third quarter rose at a 2.8% annualized pace, according to advanced estimates, coming in just below expectations of 3%. The figure was boosted by strong consumer and government spending. Personal consumption increased to 3.7% during Q3, marking it the strongest quarter since the beginning of 2023.…
The blockchain storage layer Xandeum has announced that on September 20, 2024, it would make public its plan for growing Solana storage at Breakpoint 2024. Xandeum will also formally announce the launch of the XAND token and provide information about its new storage-enabled liquid staking program at the prestigious Solana conference in Singapore. Xandeum’s technology is intended to get over the drawbacks of Solana’s present storage approach and provide dapps access to almost infinite storage, enabling them to grow. If Solana were a “world computer,” its “RAM” would be its accounts. At Breakpoint 2024, Xandeum will present their plan to…
Ika, a multi-party computation (MPC) network previously called the dWallet Network, is now live on the Sui blockchain. Well-known for its sub-second latency and scalability, Ika aims to revolutionize multi-chain DeFi with secure and efficient solutions that do not require bridging. Enhanced Security and Interoperability for Multi-Chain DeFi Ika provides a safer approach towards cross-chain bridging and promotes interconnectivity across different blockchains. Sui’s Mysticeti consensus mechanism governs the network, and the 2PC-MPC cryptographic solutions provide a zero-message latency with throughput capabilities of up to 10k TPS. Sui utilizes this advanced structure of MPC networks for Move smart contract developers to…
Well-known financial expert and investor Peter Schiff has once again taken aim at Bitcoin ETFs, saying that their recent performance shows that the hype surrounding them is misguided. In a recent post, Schiff pointed out the big difference in returns between Bitcoin and gold ETFs. While the first ones have seen modest gains of less than 17% since they launched in January, the ETF on precious metal is up over 24% despite significant outflows. In Schiff’s opinion, this shows investors made a mistake by favoring Bitcoin ETFs. However, the expert has long been critical of Bitcoin ETFs. The investor has…
In a remarkable development concerning the DeFi sector, Lido Finance has integrated the Cross-Chain Interoperability Protocol of Chainlink. As per Chainlink, the integration of its CCIP into the top liquid staking firm enables direct staking of $ETH from prominent L2 networks such as Arbitrum and Optimism. The platform took to social media to disclose this development. .@LidoFinance—the largest liquid staking protocol by TVL—has integrated #Chainlink CCIP to enable users to stake ETH directly from L2 networks including @arbitrum, @base, & @optimism.How CCIP accelerates the adoption of Lido’s wstETH ↓ #RoadToSmartConhttps://t.co/FG8pWr52mw pic.twitter.com/l07iO1ideW — Chainlink (@chainlink) October 29, 2024 Latest Integration of…
The U.S. Treasury Department has identified an increased demand for short-term government bonds linked to the rise of stablecoins, according to a newly published 132-page report. Prepared for the Treasury’s Borrowing Advisory Committee, the report examines the impact of digital assets such as Bitcoin and stablecoins on the broader financial landscape. In the report, the Treasury noted that “growth in stablecoins has led to a modest increase in demand for short-term Treasury securities.” It acknowledged that the digital asset market, while still relatively small compared to traditional assets, has grown significantly in recent years. “Digital assets have witnessed rapid growth…
AlgoKit 2.0 introduces native Python, boosting Algorand’s appeal to developers and streamlining blockchain development processes. Aleph Zero enhances privacy and speed in blockchain technology, with significant growth in use cases across various sectors. 1inch Network offers advanced DEX aggregation, while Bonk aims to reinvigorate Solana with a community-driven approach. The rapidly growing domain of cryptocurrency continues to experience an array of impressive developments and interesting new ideas. Five do very well in this sense: Algorand (ALGO), Aleph Zero (AZERO), Astar (ASTR), 1inch Network (1INCH), and Bonk (BONK). It is worth noting that each of these projects has something different that…
HBAR Foundation, which supports the sustainable growth and long-term adoption of the Hedera ecosystem, has joined the Chainlink Scale program. As the first step in this collaboration, Chainlink Data Feeds are now available on the Hedera Testnet. Additionally, Chainlink Data Feeds and Chainlink CCIP are being actively integrated into Hedera, providing developers with the industry-standard services they need to build feature-rich dApps. The Hedera and Chainlink ecosystems have had a strong relationship since 2021, when Chainlink Labs joined the Hedera Governing Council. Chainlink Labs contributes to Hedera’s decentralized governance not only by operating a node, but also by playing a…