Author: NBTC
Slovenia launched a $30 million digital bond at the tail end of July, joining an exclusive group of nations that rolled out their versions of the assets. The issuance is the first sovereign digital bond in the EU and could set further issuances in the coming months. Operating as a short-dated digital bond, Slovenia’s government tapped BNP Paribas (NASDAQ: BNPQF) for issuance with the bank, providing book-running and coordinating services. Digital bonds operate like traditional bonds but rely on blockchain technology for issuance, trading, management and security. Slovenia’s digital bond will be issued on BNP Paribas Neobonds, a private tokenization…
Terra Luna Classic (LUNC) developers have completed the development of the Oracle Split, an update that is expected to spur a surge in staking. The split will divert community pool rewards from tax burns into the Oracle Pool, with the update expected to take effect on July 26 at block height 19060800. With staking being the pillar of any healthy DeFi ecosystem, the developers of Terra Luna Classic (LUNC) have announced a long-awaited update that will massively boost staking rewards in the ecosystem. As Crypto News Flash reported last month, one leading LUNC developer had proposed adjustments to the network’s…
Burak, the developer who hacked Bitcoins Lightning Network with a 998-of-999 multi-signature Taproot transaction, has created a new Bitcoin layer 2. It has no proprietary token and does not require any fork. It’s dubbed ‘Brollups’ — a portmanteau of either ‘Burak’ and ‘rollup’ or ‘bro’ and ‘rollup.’ A rollup is a bundle of transactions that occur off-blockchain. They’re ‘rolled-up’ into a consolidated file and mined on-chain. Also known as a ‘layer 2,’ they’re essentially separate blockchains that borrow security and value from a base, ‘layer 1’ blockchain like Bitcoin. Brollups don’t require a fork of Bitcoin’s consensus code. This is…
Kyrgyzstan’s central bank has proposed amendments to the law to legalize its digital currency as a legal tender. The National Bank of Kyrgyzstan has initiated public discussions on constitutional law amendments aimed at integrating its own digital currency — known as digital som — into the nation’s financial system, marking a big step toward a digitized economy. Under the proposed amendments published on Aug. 8, the digital som will be integrated into the financial system through a “specialized software system” managed by the central bank. The draft does not contain terms like “blockchain” or “distributed ledger,” though it does mention…
In the last 30 days, TRON (TRX) has experienced tremendous growth. The token’s price went up by 14%. The TRON blockchain also recorded over seven million daily transactions. The TRON ecosystem plans to introduce gas-free stablecoin transactions by the end of this year. Justin Sun, the platform’s founder, predicted that TRON’s ecosystem would continue on its upward trajectory for the second part of the year with the network yet to maximize its potential. The TRX token has had a price surge of 14% in June. TRON is also notably planning to unveil gas-free transaction costs for stablecoin transactions by the…
A widely followed crypto analyst is warning that Bitcoin (BTC) could plunge to much lower levels as it drops to the $63,000 range. Crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin could decline more than 18% from its current value. “Bitcoin is still range-bound, but the recent breakdown of the October 2023 trendline, combined with the February 26th and 27th imbalances, leads me to believe $52,000-$54,000 could be next. A lot of liquidity is sitting below that $56,500 low, and markets seek liquidity. We can’t rule out a run above $72,000 to…
DWF Labs, one of the important market makers in the cryptocurrency market and attracting attention with its investments, continues its altcoin investments and partnerships. At this point, DWF Labs recently announced that it has partnered with Kols House and is expanding into the Turkish market. DWF Labs, a cryptocurrency market creation and investment firm, announced on its official X account that it has partnered with KOLS HOUSE to help it expand into the Turkish market. This collaboration will focus on strategic marketing initiatives and community management to support global community growth and development. Under this partnership, Kols House will be…
A crypto whale is accumulating massive amounts of Uniswap (UNI) and Aave (AAVE), according to on-chain data. Blockchain tracking firm Lookonchain reports that the deep-pocked investor abruptly spent $4 million to add more UNI, the native asset of the decentralized exchange (DEX), and AAVE, a money market protocol, to his digital asset holdings. “A whale/institution bought AAVE and UNI again [on Tuesday]. He deposited 4 million USDC to [crypto exchange] Kraken, then withdrew 35,983 AAVE ($3 million) and 123,183 UNI ($1 million) from Kraken. He currently holds 142,296 AAVE ($12.1 million) and 1.43 million UNI ($11.6 million).” Aave is trading…
The Nasdaq Composite Index continues its winning streak, breaking a record for the seventh consecutive day. The Dow Jones Industrial Average and S&P 500 are also rising, boosted by increased investor interest in chip maker Nvidia and artificial intelligence. However, Bitcoin, the world’s largest cryptocurrency, continues to decline. Here are four factors that may be holding Bitcoin price back, according to analysts. “Bitcoin is Taking a Breath” Bitcoin is holding its breath after a strong start to the year, according to Adam Morgan McCarthy, an analyst at crypto data and analytics firm Kaiko Research. While Nasdaq is up 18% this…
With renewed optimism in the cryptocurrency market, traders have jumped again into meme coin speculation driven by the fear of missing out (FOMO). As a cautionary tale, a crypto trader just lost nearly $900,000 worth of Solana (SOL) in this player-vs-player game. On August 8, Lookonchain urged investors to “please don’t FOMO buy meme coins” while reporting these millionaire four-hour losses. This particular token was Restore The Republic (RTR), with a political bias in anticipation of the U.S. presidential election. As reported, the anonymous trader bought 7.2 million RTR with 5,800 SOL, worth $916,400. This purchase happened at the meme…