Author: NBTC

Sumitomo Mitsui Financial Group, the parent company of Japan’s second-largest bank, Sumitomo Mitsui Banking Corporation, plans to launch its own stablecoin. The stablecoin project, according to a report published on April 1, 2025 by Nikkei, will be a collaboration between the banking giant and crypto projects Avalanche (AVAX) and Fireblocks. Specifically, the report highlights that SMBC is teaming up with Ava Labs, the developer team behind the Avalanche blockchain. SMBC’s reported stablecoin venture follows a prior move in 2024 that involved the Sumitomo Mitsui Financial Group and two other Japanese financial services and banking behemoths, the Mitsubishi UFJ Financial Group…

Kyrgyzstan is taking up the challenge of transforming the Middle Corridor by leveraging emerging technologies and collaborating with global agencies and regional players. The head of the economic ministry and Representative to the United Nations Centre for Trade Facilitation and Electronic Business (UN/CEFACT), Nurbek Maksutov, disclosed plans to digitalize the Middle Corridor, a trade route linking Central Asia and Europe that provides an alternative to longer sea routes. In his keynote speech at a high-level World Trade Organization (WTO) meeting, Maksutov revealed that the plan’s focal point will be improving digital trade in the Corridor. He highlighted several policy recommendations…

For the longest time, Robert Kiyosaki’s social media presence was primarily divided between promoting Bitcoin (BTC) and gold, bashing the U.S. dollar, criticizing Joe Biden, and lauding Donald Trump. While silver has been a part of the ‘Rich Dad Poor Dad’ author’s discourse, it has been more of a frequently mentioned asset than an investment taking center stage. The most recent series of X posts, however, drastically changed the situation, and the precious metal is rapidly becoming Kiyosaki’s most discussed asset. In an April 2 tweet, the prominent investor and author opined that silver is more valuable than gold or…

David Schwartz, the chief technology officer at Ripple, recently revealed that he had sold his stocks at a loss on Friday for the purpose of tax-loss harvesting. The prominent Ripple executive also bought other stocks that he likes as much to maintain his exposure to the market. Schwartz says that he could potentially switch back to the recently sold stocks following a 31-day period. The rules of the Internal Revenue Service (IRS) do not allow tax deductions if the same stocks are repurchased within a month. In a nutshell, Schwartz has used a common strategy of realizing his short-term capital…

Addressable, a platform offering actionable Web3 intelligence, has announced the launch of Wallet-Based Ad Retargeting. The new feature allows marketers to reconnect with wallet holders using major advertising networks when they exit without converting. The solution resolves a major Web3 marketing challenge because anonymous wallet addresses now function as alternatives to traditional identifiers such as personal identifiers. Web2 retargeting depends mainly on cookies together with email addresses and phone numbers. The digital markers allow brands to reach out again to users who demonstrated past engagement. Marketing in Web3 space faces a challenge as the decentralized environment lacks direct access to…

Bitcoin’s hash rate has risen to a record high, pointing to a growing disconnect between network security and real-world usage. Bitcoin Hash Rate Hits Record, But Network Activity Remains Weak Despite miners dedicating more computing power than ever before, low transaction fees and nearly empty blocks are raising concerns about the long-term sustainability of Bitcoin’s network economics. Bitcoin’s 14-day moving average hash rate recently reached an all-time high of 838 exahashes per second (EH/s), while its 24-hour hash rate rose to the second-highest level ever recorded at 974 EH/s, according to Glassnode. The network difficulty adjustment, which ensures a consistent…

More than 50 countries have contacted the United States to negotiate following President Donald Trump’s sweeping new tariffs announced earlier this week, according to White House economic adviser Kevin Hassett. The 10% “base” tariff on most U.S. imports has drawn swift backlash around the world. While some countries have hinted they will retaliate, others, such as Indonesia and Taiwan, have signaled they want to avoid escalating trade tensions and have said they will not impose retaliatory tariffs. While Israeli President Benjamin Netanyahu reportedly went to Washington to hold direct trade talks with Trump, British Prime Minister Keir Starmer painted a…

Cambridge — Fetch.ai is joining forces with three of India’s top engineering institutes—IIT Madras, IIT Kanpur, and IIT Mandi—to launch a network of Innovation Labs focused on advancing AI, autonomous systems, and decentralized technologies. —The initiative is designed to bridge deep tech research with real-world applications in AI, autonomous systems, multi-agent technology, and blockchain. These Innovation Labs will serve as collaborative R&D hubs, empowering students and researchers with access to Fetch.ai tools, mentorship, and global development platforms. A Visionary Academic PartnershipWith their legacy of academic excellence and global influence, the Indian Institutes of Technology (IITs) stand at the forefront of…

SoonChain, a popular testnet L2 blockchain dealing with gaming, AI gents, and real-world microtransactions, has started a landmark collaboration with MIRO, the innovative Bitcoin-based L2 payment network. The partnership aims to dramatically expand the usability, affordability, and speed of Bitcoin ($BTC) transfers across the real-world applications. The platform revealed this development on its official social media account. 🦾 Soonchain x MIRO: Scaling Real-World Payments We’re excited to team up with @MIRO_Pay, the first Bitcoin-based Layer 2 payment ecosystem backed by Pantera Capital. pic.twitter.com/Gz0pihfxzL — SoonChain 🟦 Testnet🔛 (@soonchain_ai) April 5, 2025 SoonChain and MIRO Collaborate to Advance Crypto Payments for…

Bitcoin’s Q1 2025 Performance: A Volatile Start to the Year The first quarter of 2025 was a rollercoaster ride for Bitcoin, reflecting the broader market trends in the crypto space. After starting the year strong at $93,400, Bitcoin ended Q1 at $82,510, marking an 11.7% decline over three months. While this downward trend raised concerns among investors, it’s crucial to analyze the bigger picture before making any price predictions. BTC/USD 1-day chart – TradingView Market Trends and Bitcoin’s Position The total cryptocurrency market cap followed a similar pattern, dropping from $3.18 trillion at the start of the year to $2.63…