Author: NBTC
Itaú Unibanco, Brazil’s largest bank by assets, is exploring whether to issue its own stablecoin as regulatory discussions evolve and U.S. financial institutions slowly move into the sector. The decision could hinge on how American institutions fare with their stablecoin rollouts, said Guto Antunes, head of digital assets at Itaú. At an industry event in São Paulo, Antunes cited the growing momentum behind blockchain-based settlement systems. “Itaú has always had stablecoins on its radar. We cannot ignore the strength that blockchain has to settle transactions atomically,” local media quoted him saying. Stablecoins, for now, remain a “topic on the agenda.”…
MetaMask and Binance are tapping into a newly launched cross-chain payments zero-knowledge proofs-powered solution to simplify crypto transfers from decentralized exchanges to centralized exchanges. Crypto exchange Binance and non-custodial wallet MetaMask, owned by Consensys, will utilize Payment ID, a zkEmail solution launched by digital identity platform SPACE ID. While MetaMask is already connected to the solution, integration with Binance will happen soon, SPACE ID said in a press release. With the Payment ID integration, users can transfer assets between CEX platforms and web3 applications, with these enabled for any address, chain or wallet. SPACE ID claims its solution makes cross-chain…
Two exchange-traded funds (ETFs) that allow investors to bet against Ethereum with leverage have emerged as best performers year-to-date (YTD). Bloomberg Senior ETF analyst Eric Balchunas shared this on X, noting that he was not expecting it. According to Bloomberg data, the two ETFs, ProShares Ultrashort Ether ETF (ETHD) and T-Rex 2x Inverse Ether Daily Target ETF (ETQ), are up 247.30% and 219% YTD, respectively. The 2x Long VIX Futures ETFs, which Balchunas expected to come first third. Leveraged short ETH Futures ETH are the best performers this year. (Source: Eric Balchunas) Balchunas said: “The best performing ETF this year…
Donald Trump’s latest round of tariffs, announced on “Liberation Day,” has generated uncertainty across global markets. Crypto experts wrote to crypto.news sharing their opinions. Some analysts fear an economic fallout, but crypto industry leaders see short-term disruption and long-term opportunities in the move. The tariffs target major U.S. trade partners, applying levies on imports to pressure negotiations. Trump’s approach mirrors his past trade policies — using economic tension to secure favorable terms for the U.S. economy. Trump’s proposed baseline 10% tariff would position the U.S. among the highest-tariff developed economies, alongside countries like Argentina (11.4%) and Brazil (12.1%). Before this…
Justin Sun’s recent marketing blitz has apparently failed to increase traction on his Sun Pump memecoin launcher, with just nine coins launched on the platform yesterday. The platform initially opened to thousands of token launches in August 2024, reaching highs of 7,500 per day. From September onwards, however, these daily token launches fell over the next six months to embarrassingly low figures, barely reaching higher than 10 daily. In March of this year, in an effort to reverse this trend, Sun launched a marketing push, declaring it “Tron meme szn 👀.” This did bring daily token launches closer to a…
Ethereum developer and early contributor Virgil Griffith has been granted early release from prison after serving nearly five years for violating U.S. sanctions on North Korea. Griffith, 41, was arrested in 2019 following a controversial trip to North Korea, where he gave a presentation at a cryptocurrency conference in Pyongyang. U.S. prosecutors alleged that his talk, titled “Blockchain for Peace,” explained how the country could use crypto to evade sanctions and launder money. Griffith pleaded guilty in 2021 to one count of conspiracy to violate the International Emergency Economic Powers Act and was sentenced to 63 months in prison and…
One of the oldest Bitcoin ecosystem projects is moving to the next stage of enabling developers to build layer-2 networks using its computational layer. Rootstock is one of many projects currently advancing the goal of bringing greater utility and interoperability to Bitcoin, which it is doing using “BitVMX”, a modified version of the BitVM programming language. Rootstock’s project is weeks away from releasing software development kits (SDKs), allowing developers to start producing their own Bitcoin layer-2s using BitVMX, founder Sergio Lerner told CoinDesk. SDKs are sets of tools enabling third-parties to build applications using a particular platform or framework. “We…
Florida lawmakers are considering a proposal that would allow the state to invest public funds in Bitcoin. House Bill 487 is scheduled for a public hearing on Wednesday, April 10, in the Insurance & Banking Subcommittee. On April 8, it was included in the agenda for the Insurance & Banking Subcommittee in the House. If passed, the legislation would authorize Florida’s Chief Financial Officer to invest up to 10% of state funds in Bitcoin (BTC). FLORIDA Update:Bitcoin Reserve Bill HB 487 is scheduled for public hearing this Wednesday, in the Insurance & Banking SubcommitteeThis will be the first public SBR…
Decentralized finance (DeFi) protocol Umoja has released a product that allows Coinbase wrapped BTC (cbBTC) token holders to earn a 6% yield on layer-2 network Base. Umoja achieves its yield by tapping into a range of centralized and decentralized exchange strategies including covered calls and arbitrage, which involves buying an asset at on one venue and simultaneously selling it for a higher price on another venue. It’s worthing noting that cbBTC is a wrapped token and not bitcoin (BTC) itself, it is an erc20 token backed 1:1 by bitcoin held at Coinbase. The Umoja protocol supports a number of Yield…
Ethereum has been under significant bearish pressure for the past few months, with prices dropping from around $4,100 to the present level of $1,607, this represents a decrease of around 62% in price. The altcoin was up by 9.8% over the past 24 hours. This rally came after President Trump announced a 90-day pause on reciprocal tariffs. Even after this rally ETH is stuck inside the descending channel. Will it break above the immediate resistance of $1,809 or a break down to $1,100 is about to happen? Ethereum Price Analysis ETH is currently trying to establish a support level near…