Author: NBTC
Circle and Inco Network have announced the publication of a comprehensive whitepaper outlining the Confidential ERC-20 framework. The new framework aims to bring advanced privacy features to blockchain transactions by transforming standard ERC-20 tokens into stealth-wrapped versions that hide user balances and transaction amounts. The framework, co-authored by Circle Research and Inco Network, provides a privacy-focused solution that remains compliant with regulatory compliance. Leveraging Fully Homomorphic Encryption (FHE), the Confidential ERC-20 Framework enables private transactions on public Ethereum Virtual Machine (EVM)-compatible blockchains, ensuring users’ sensitive financial data is protected. Key features of the new Confidential ERC-20 Framework are: Privacy-Enhanced Transactions:…
Bitcoin had finally seen a minor relief rally that drove it to $57,000 after the US jobs report when the bears reminded of their presence and pushed it south hard. The total liquidations have skyrocketed to about $150 million on a daily basis. The primary cryptocurrency has faced its fair share of adversity in the past week or so, as its price tumbled from $65,100 last Monday to $55,500 earlier today. This is when some positive news affected the market. As reported earlier today, the asset jumped to $57,000 after the US released the August jobs report, which outlined a…
Earlier this week, Canadian crypto custody specialist Balance announced it had become a qualified custodian in the country. Balance CEO George Bordianu says it’s time to bring Canada’s ETF assets back home from sub-custody arrangements in the U.S. with Coinbase and Gemini. Balance, Canada’s long-standing crypto custodian, finally attained qualified custodian status this week, prompting the firm’s CEO, George Bordianu, to say it’s time to start bringing the country’s ETF digital assets “back home.” Bordianu is alluding to the fact that the safekeeping of crypto assets underlying funds issued by ETF providers 3iQ, Purpose Investments and Evolve, end up in…
SINGAPORE – SG Forge, a subsidiary of Societe Generale, will roll out euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain, the French financial services firm said Friday. SG Forge launched EURCV on the Ethereum blockchain last year as a highly regulated, euro-centric alternative to top dollar-linked stablecoins from Tether and Circle. It has struggled to catch on: EURCV has only 28 holders, 154 lifetime transactions and an issuance of 33 million, according to its Etherscan page. The Solana debut will test whether crypto users have any appetite for Euro-linked stablecoins on a faster and cheaper network, two attributes SG…
Franklin Templeton has received approval from the Luxembourg regulatory authority (CSSF) to launch the first fully tokenized UCITS fund on a public blockchain. It will be the first fund of this type for an asset manager based in Europe. Franklin Templeton pushes the fintech world on blockchain The first Franklin Templeton fund tokenized on blockchain Tokenization: all the advantages The comments Franklin Templeton pushes the fintech world on blockchain Franklin Templeton is a company from the United States, founded in New York in 1947, but also active in Europe. It is now headquartered in California and has more than 1.6…
A French national placed significant bets on Polymarket, a popular crypto-based prediction market, speculating on Donald Trump’s chances in the upcoming U.S. presidential election. As highlighted by Lookonchain, Trump holds a 63.9% probability of winning, as per Polymarket data. This investor’s move to buy $4.48 million in “Yes” shares reflects a strong belief in Trump’s victory, a position made eight hours after withdrawing $3 million USDC from the OKX crypto exchange. The sizable wagers placed on Trump’s win have fueled discussions on social media, raising questions about the influence of these large bets on prediction market dynamics. According to Polymarket,…
SINGAPORE — An early version of Jump’s highly anticipated Solana validator, Firedancer, is live and contributing to the performance of the Solana blockchain, Jump’s Chief Science Officer Kevin Bowers said Friday. Speaking onstage at Solana’s Breakpoint conference, Bowers shed light on an “open secret” in Solana’s validator community: Some of the computing power underpinning Solana is running “Frankendancer” software that combines predominant validator tech with new contributions from Jump. Blockchain validators ingest transactions and construct blocks – the most essential process in running a blockchain. Most networks have a single validator client. Solana’s plan to have two fully independent validators…
Astria, a blockchain project describing itself as the “first decentralized shared sequencing layer,” has launched the main network for its alpha release. The project is among those aiming to decentralize blockchain “sequencers” – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for example. But Astria’s sequencing layer could be used like a modular plug-in for other networks, as an alternative to a centralized sequencer – sometimes seen as a bottleneck,…
Bitcoin (BTC) crashed below the $55,000 price level in what some analysts believe is a bear trap. If these analyses play out, the leading cryptocurrency could soon revert its downtrend into a bullish outlook for new highs. One of these technical analyses examines a bull diamond chart pattern shared yesterday on TradingView by The ForexX Mindset. This formation usually appears after a prolonged downtrend and marks a key moment for a possible reversal. According to the trader’s analysis, Bitcoin now shows a bullish diamond in the three-day price chart, but there is more. The ForexX Mindset warned of a bear…
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different deadlines for various bank categories to offer digital ruble services, with smaller banks having the latest deadline in 2027. Larger Banks to Fully Integrate by Mid 2025 Russian banks have complained about the high “entry” cost of working with the central bank digital currency (CBDC). Local experts say the cost of connecting to the digital…