Author: NBTC

India becomes the first country to complete oil trade settlements using Ripple’s XRP token. XRP adoption accelerates as India executes its first blockchain-based oil transaction. India pioneers using XRP for oil deals, signalling a shift toward digital payment systems. The Indian government established itself as its inaugural nation to execute oil settlements using Ripple Labs-developed XRP digital assets. India’s adoption of XRP represents a significant change in international trade practices because nations are actively searching for modern payment methods. The Indian government announced this with its financial initiatives to upgrade its banking system and minimise dependence on dollar transactions for…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Heartbleed was a tiny but critical flaw in the “heartbeat” extension of OpenSSL, the widely-used open source cryptography library. OpenSSL powers both Secure Sockets Layer (SSL) and Transport Layer Security (TLS) encryptions meant to protect sensitive data when using websites and other online services. OpenSSL’s heartbeat is a type of ping — a tiny message passed back and forth between the user’s machine and the server they’re connected to — which proves the connection is alive. A missing check for the length of that message meant…

Two of the biggest names in institutional crypto infrastructure—Copper and P2P.org—are teaming up to raise the bar for staking services.— Announced today, the new partnership merges Copper’s institutional-grade custody with P2P.org’s proven staking infrastructure, creating a streamlined, secure staking experience for professional investors. The collaboration kicks off with support for DOT and SOL staking, with plans to expand into ETH, Bittensor, and Distributed Validator Technology (DVT) in the near future. For institutions looking to earn yield while maintaining top-tier security and flexibility, this partnership represents a major upgrade. “We’re excited to team up with P2P.org to supply our clients with…

Vaulta, formerly EOS Network, is joining forces with VirgoCX to launch a new stablecoin-powered cross-border payments network as the first major deployment of its Web3 Banking OS. Vaulta, the blockchain ecosystem that recently rebranded from EOS Network, has entered a strategic partnership with Canadian crypto exchange VirgoCX to launch a new stablecoin-powered remittance network called VirgoPay. According to a press release shared with crypto.news, the jointly created new venture will use Vaulta’s blockchain as its default transaction and settlement layer. The service is expected to go live in May and aims to reduce the cost and time of international payments…

The world’s largest cryptocurrency exchange has listed 27 altcoins on Binance since the beginning of this year. However, a significant portion of these altcoins have experienced major declines since their listing, with only three of them currently trading in the green zone in terms of returns. Although the serious decline in the altcoin market also has an effect on the bearish outlook, it is noteworthy that after the initial sudden increases in the prices of these tokens after the listing, they still fell to the red zones. According to the data, among the altcoins listed since the beginning of this…

Cryptocurrency analytics firm Alphractal has issued a stark warning about Bitcoin’s long-term price action, saying the price is close to breaking a historical rule for the first time, approaching its four-year-old level. The Critical Level for Bitcoin Is Around $63,000 The model called “Bitcoin Price Radar” developed by Alphractal depicts four-year periods as a radar circle. In this model, halving periods, price peaks and bottoms are shown with symbols. Cycle peaks that come four years apart are represented by green symbols, and it is noteworthy that these peaks occur at very similar price levels. However, if Bitcoin approaches or drops…

Crypto traders are increasingly looking for self-custodial platforms that are easy to use. Glider wants to fill that niche. DeFi platforms are lagging behind their CEX counterparts, largely due to a lack of user-friendly features. For this reason, Andreessen Horowitz led a $4 million funding round for Glider, a self-custodial DeFi platform for crypto trading. The platform will combine AI features with DeFi. For one, it will use AI to help users manage their funds in an automated way, without having to perform every trade themselves. This could involve picking a few coins, picking trending tokens, or a basket of…

Spot Ethereum exchange-traded funds continued shedding assets as US recession risks rose and its price crashed. SoSoValue data shows that spot Ethereum (ETH) ETFs shed assets in the last seven consecutive weeks. They had net outflows of $82.4 million last week, bringing the cumulative inflows to $2.2 billion. All ETH ETFs now have just $5.25 billion in assets, with BlackRock’s ETHA and Grayscale’s ETHE leading with $1.85 billion each. Grayscale’s mini fund ETH follows with $711 million, while Fidelity’s FETH has $580 million. In contrast, spot Bitcoin ETFs are doing better, with their cumulative outflows at over $35 billion and…

One of the biggest Cardano (ADA) contributors known for his work in the ecosystem, Sebastien Guillemot, recently revealed a significant donation made by his development crew, dcSpark. The donation, worth $460,000 ADA tokens, represents a $400,000 loan, alongside $60,000 in accumulated interest. The developer stated that the donation process took longer than expected, primarily due to waiting for the official implementation of the treasury donation feature on the Cardano blockchain. To maintain fairness, interest was calculated month-by-month at a 6% APR over the entire holding period. What is amusing is that as Guillemot is a builder, and dcSpark are builders…

This is a segment from the Supply Shock newsletter. To read full editions, subscribe. Coinbase brought bitcoin to Wall Street long before BlackRock and Fidelity. Four years ago today, Coinbase went public at a $86 billion valuation — a figure that briefly jumped to $100 billion to rival Facebook’s debut in 2012. And for all of the business savvy shown by CEO Brian Armstrong and his executive team, Coinbase’s story is one of harnessing Bitcoin’s natural inertia. On This Day — Coinbase goes public At the time of Coinbase’s public debut in April 2021, Armstrong had commented that the listing…