Author: NBTC
Goldman Sachs is gearing up to launch three tokenization projects by the year’s end, targeting major institutional clients, according to a Wednesday report from Fortune, citing Goldman Sachs’ global head of digital assets Mathew McDermott. The coming development is part of a broader push into the digital assets sector. McDermott said the bank views tokenization, converting real-world assets into digital tokens, as a key area of opportunity. The focus will be on creating marketplaces for tokenized assets, enhancing transaction speeds, and diversifying the types of assets available for collateral, McDermott noted. Three tokenization projects are targeted for launch by year-end,…
IOTA is set to make waves in agriculture through partnership with ETO GRUPPE. Through its efficient data collection and foolproof storage, IOTA can power new farm technologies like FARMVALVE. IOTA, an open-source distributed ledger designed for the Internet of Things (IoT), has become a prominent player in the blockchain ecosystem for practical applications. However, a recent report suggests IOTA might be a sleeping giant with innovative use cases for the future. The Future of Agriculture With IOTA Specifically, the agricultural sector is ripe for a technological revolution, and Distributed Ledger Technology (DLT) like IOTA is on track to play a…
In the world of blockchain technology, assessing the financial health and viability of various platforms can be a complex endeavor. However, one metric that provides a clear indication of both popularity and utility is the one-year fee revenue. Recently, Gate.io, a leading cryptocurrency exchange, released a report showcasing the top ten blockchains ranked by their fee revenues over the past year. This data not only reflects the current state of blockchain technology but also offers insights into which platforms are seeing the most substantial use and engagement. Ethereum leads the chart with a staggering $2.73 billion in fee revenue, underscoring…
After generating seemingly endless enthusiasm following its skyrocketing to a new all-time high near $73,000 in March and around the highly-anticipated halving event in April, Bitcoin (BTC) has fallen off somewhat. The world’s premier cryptocurrency has, in more recent weeks, been struggling with lackluster performance and a string of violent corrections that saw it, at times, plummet as low as $57,000. Though the most recent trading trends have been positive, as BTC is 3.18% in the green on the 24-hour chart and Bitcoin price today stands at $62,907, but a shadow casts large given its weekly and monthly shakiness. Hoping…
Ethereum, mirroring the performance of Bitcoin and other top altcoins, is back above $3,000, days after the fall below $2,800. As the second most valuable coin recovers, injecting optimism among crashed token holders and traders, a close above $3,200 will be crucial in catalyzing demand. Ethereum Rising: Will Bulls Push Above $3,200? According to IntoTheBlock on July 10, if Ethereum edges above the $3,200 level, it will be a massive development for traders. When this happens, an estimated two million entities who traded ETH at this price point will be in the money. Therefore, if prices retest this level, those…
Key Points: Anticipated lower CPI numbers and recent weaker labor data suggest the Fed may cut rates in September and December. Fed Chair Jerome Powell’s testimony indicates the tightening cycle is achieving its goals, aligning with market expectations for a policy shift. A surge in S-1 filings for Ethereum spot ETFs suggests imminent trading, potentially attracting significant capital inflows and impacting market dynamics. QCP Capital expects that tomorrow’s softer Consumer Price Index (softer CPI) numbers might further strengthen the Federal Reserve’s inclination toward rate cuts in upcoming September and December meetings. This comes after a spate of softer-than-anticipated labor stats…
SOFA.org has earlier today announced a strategic partnership with Merlin Chain, an innovative Layer 2 scaling solution on Bitcoin. This collaboration marks a pivotal moment for SOFA.org as it aligns with a key player known for enabling Bitcoin holders to access a variety of protocols and yield-generation opportunities. The integration with Merlin Chain is poised to enhance the utility of the mBTC token by incorporating it into SOFA.org’s smart contract vaults, broadening the spectrum of investment products available to users. Merlin Chain’s decision to deploy its mBTC holdings into SOFA’s smart contract vaults reflects a shared vision of expanding the…
Bitcoin (BTC) has been leading the crypto market rally since late September 2023, with its dominance rising steadily from around 40% in 2022 to over 50% by May 2024. This surge is largely attributed to the approval of Bitcoin Spot exchange-traded funds (ETFs) in the US, driving increased trading volume on platforms like Bybit. Consequently, Bitcoin’s popularity is fueling interest in Layer 2 solutions aiming to enhance Bitcoin’s scalability and functionality for faster and cheaper transactions. Understanding Bitcoin Layer 2 Bitcoin Layer 2 refers to networks closely linked with Bitcoin, designed to improve its scalability, reduce transaction costs, and enable…
The leading analysts and pundits are divided when it comes to predicting how Ethereum exchange-traded funds (ETFs) are going to perform following their much-anticipated launch. Bloomberg’s James Seyffart recently spoke about this sentiment. The analyst says that half of his audience thinks that Ethereum ETFs attracting at least 20% of the assets recorded by Bitcoin ETFs would be considered to be very bearish. At the same time, the other half would view such inflows as super bullish. “No one knows anything,” the analyst summarized. For instance, banking titan JPMorgan is convinced that they are going to attract only a small…
According to a comprehensive survey by the Bank for International Settlements (BIS) in 2023, 86 central banks worldwide are deeply engaged in CBDC development. This burgeoning interest signals a significant move towards integrating digital currencies into the mainstream financial system, aiming to modernize payment mechanisms and enhance financial stability. The Rising Prominence of CBDCs Central Bank Digital Currencies represent a fundamental change in how we perceive and utilize money. Unlike traditional cashless payment instruments such as credit transfers and e-money, CBDCs are a direct liability of the central bank, offering a new form of digital money. This distinction is crucial…