Author: NBTC

UAE-based Allo.xyz, a platform for real-world asset (RWA) tokenization and lending, has secured a $100 million Bitcoin-backed credit facility. The project was also recently accepted into Qatar’s Digital Assets Lab. As per the press release, the credit facility will further enhance Allo’s BTC-backed lending services, catering to institutional and individual participants eager to engage in the growing crypto lending market. Allo has staked over 544 BTC (valued at $50M+) through the Babylon Bitcoin Staking protocol to bolster its position in the Bitcoin ecosystem. As such, it is considered a key player in enabling Bitcoin-secured networks, with its BTC staking solution…

Pump.fun, a social media favourite platform for creating memecoins, is facing a sharp downturn. Daily token creations have nosedived from a peak of 69,000 to just 33,000, while active users have plummeted by 38%, dropping from 261,000 to 161,000. As per local reports, these declines follow a string of controversies and a significant setback: the UK’s Financial Conduct Authority banned the platform, citing regulatory concerns. The platform, popular for its easy token creation process, became notorious for its lack of oversight. Users could remain anonymous, leading to problematic and offensive content, including racist tokens and even staged stunts like a…

The Botswana Financial Stability Council’s October 2024 report said the virtual assets market and cyber risks from fintech currently pose minimal threats to financial stability. Tech Advances Fuel Financial Stability Risks Authorities in Botswana consider both the virtual assets market and cyber risks arising from financial technology (fintech) to be relatively undeveloped, posing minimal threats to financial stability at present. However, the Financial Stability Council’s October 2024 report warns that these risks could increase as technological innovation advances within the fintech sector. In fact, the report identifies risks associated with a growing fintech sector as one of the top five…

According to on-chain analyst Yujin, the Cosmos Network developers transferred 295.3 Bitcoins. It is the first large-scale transfer to be seen in almost two years. At the current price of $94,410.82, 295.3 Bitcoins (BTC) stand at roughly $27.8 million. Yujin explained that some of the BTC sold in the recent dip are likely from the funds raised around the time of Cosmos’ Initial Coin Offering in 2017 when the project received high-value contributions in BTC and Ethereum (ETH). 时隔近 2 年后，Cosmos Network 开发商转出了 295.3 枚 ($27.7M) 他们在 2017 年通过 ICO 募集的 BTC。https://t.co/dPDd6vMAKB他们在今年一共转出/出售了 2.16 万枚 ETH 和 295.3 枚 BTC，价值 $7867…

In a major development, Caduceus has announced its new partnership with Fizen. Fizen, based in Hong Kong, is established by a high skilled and dedicated team that has built a highly secure platform. The purpose of this collaboration is to enhance liquidity and connect over 100 blockchains, bridges, and DEXs. Caduceus posted this news to its official X account formerly know Twitter. 🤝 @Caduceus_CAD is excited to announce our partnership with @fizenapp !👏 #Fizen is established in the global financial hub Hong Kong, and built by the most dedicated and skillful team with the highest security standards.✨ Together, we will…

Renowned crypto investor James Fickel has intensified efforts to reduce his long-standing ETH/BTC position as the pair hit its lowest levels since April 2021. Facing substantial losses, Fickel has engaged in a series of high-value swaps and transactions aimed at mitigating his exposure to the declining ETH/BTC rate. James Fickel (@jamesfickel) swapped another 6,500 $ETH ($22.4M) for 235.6 $WBTC ~3 hours ago to reduce his ETH/BTC long position!He still holds a debt of 575.29 $WBTC ($54.2M) on #Aave and has lost ~22K $ETH (now worth $74.3M) by going long on the ETH/BTC rate.Follow… https://t.co/yv8yuQ5WWB pic.twitter.com/UHY2CLnwdZ — Spot On Chain (@spotonchain)…

The craze around MicroStrategy (a company that practically turned itself into a Bitcoin holding machine) has thrown a spotlight on weaknesses in the $15 trillion exchange-traded fund (ETF) market. The ETF sector has hit a snag with two leveraged funds tied to MicroStrategy’s volatile stock. These funds, built to deliver double the daily returns of MicroStrategy shares, are instead giving investors unexpected results. The T-Rex 2x Long MSTR Daily Target ETF (MSTU) and Defiance’s Daily Target 2x Long MSTR ETF (MSTX) have seen their performances deviate wildly from expectations in recent weeks. On November 21, MSTU dropped 25.3%, according to…

Cardano’s (ADA) developer Input Output announced the release of Daedalus v7.0.0, an updated version of full-node desktop wallet software. Deadalus mechanisms are optimized for a new design of ADA delegation that is necessary for the upcoming Cardano Constitution referendum. Cardano’s Daedalus v7 is out: What changed? Input Output Global, the development entity behind PoS blockchain Cardano (ADA), announced the release of a new version of Daedalus, its full-node wallet software. Daedalus v7.0.0 arrives with major changes of the ADA delegation mechanism. ⭐ OUT NOW: Daedalus 7.0.0 for mainnet, preprod & preview. Daedalus 7.0.0 enables users to delegate their voting power…

Ukraine is gearing up to block Russia’s use of Bitcoin and other cryptocurrencies in foreign trade, with sanctions already in the works. The government of Ukraine has unveiled plans to impose “sanctions and other solutions” aimed at blocking Russia‘s use of Bitcoin (BTC) for international payments, just a day after Russia’s finance minister Anton Siluanov publicly confirmed that Russian companies are already using crypto to evade Western sanctions. Vladyslav Vlasiuk, an advisor to the Ukrainian president, said that Ukraine had already alerted its international partners to Russia’s intentions earlier this year and that measures to prevent unwanted crypto payments are…

Independent Reserve (IR), a crypto exchange in Singapore, has become the first in the city-state to list Ripple’s USD-backed stablecoin, Ripple USD (RLUSD). According to the report, customers in Singapore can now trade RLUSD against Singapore Dollars and US Dollars on the exchange’s order book and over-the-counter (OTC) desk. Independent Reserve is the first #crypto exchange in #Singapore to list #stablecoin Ripple USD (RLUSD)! 🎉 IR #SG customers can trade #RLUSD in #SGD & #USD on our order book and OTC desk.Learn more here: https://t.co/08z1Asdl3q pic.twitter.com/ZM1zHW6OJd — Independent Reserve (@indepreserve) December 24, 2024 The listing will be available on XRP…