Author: NBTC
Switzerland took a step in integrating blockchain into its financial market. The country’s financial regulator, the Financial Market Supervisory Authority (FINMA), granted its first license for a distributed ledger technology (DLT) trading facility. According to the platform’s announcement, BX Digital AG, a subsidiary of BX Swiss AG and part of the Boerse Stuttgart Group, will operate the newly approved platform. “As part of the licensing process, FINMA also clarified important underlying issues and required a strategy to ensure business continuity (BCM), including with regard to the settlement infrastructure based on a public blockchain,” FINMA wrote. “To limit operational risks, financial…
Short-term bitcoin (BTC) holders (STHs) have added 1.5 million bitcoin (BTC) since September taking the total to over 4 million bitcoin, according to Glassnode. This equates to an average accumulation of approximately 300,000 BTC per month. During this period, bitcoin surged from $60,000 to $109,000 before pulling back below $100,000. Glassnode defines STHs as those who have held bitcoin for less than 155 days. Historically, in previous bull market cycles, bitcoin’s price tends to peak when STHs exhaust their buying momentum, leading to a slowdown in price appreciation. This pattern has played out in 2013, 2017, and 2021. However, STHs…
Solana’s most profitable protocol Pump.fun is gunning for an even greater share of the chain’s DeFi economy. The massively popular memecoin launchpad on Thursday unveiled a token swaps service powered by the protocol’s liquidity pools. Called PumpSwap, it puts the project in direct competition with Solana’s coterie of automated market makers (AMMs) that facilitate on-chain token trades. Instead of “graduating” highly-traded memecoins to Raydium, a longtime hub for Solana DeFi pools, Pump.fun will now seed promising tokens’ launch liquidity in PumpSwap. This fully in-house setup will cut down on launch costs, the founders told CoinDesk, and alter the way Pump.Fun…
VanEck Ventures General Partner Wyatt Lonergan and Partner Juan Lopez announced the firm’s investment in Manifest, a platform integrating American real estate into decentralized finance (DeFi). According to its website, Manifest, which is “coming soon,” will be backed by home equity investments (HEIs) and offer a tokenized ETF, $USH (U.S. Housing). Lopez added that Manifest is revolutionizing tokenization by using ETF-style diversification to U.S. real estate and structuring it into a smart contract available on transparent public blockchains. Unlike traditional ETFs available on a legacy exchange, $USH utilizes blockchain technology to boost liquidity, programmability, and global accessibility, providing a groundbreaking approach to…
Mysterious transfer activity continues to happen with the popular meme-inspired cryptocurrency Shiba Inu (SHIB). Once again, it was spotted on a leading digital assets exchange in the U.S. – Coinbase. In the last few hours, a wallet with the address “0xB768” withdrew a colossal amount of 85.544 billion SHIB, worth about $1.41 million, from the platform, as reported by Arkham Intelligence data. The wallet is fresh and was never used before, as always happens with such transfers. Interestingly, after the transfer was completed, the recipient instantly climbed to the top in terms of inflows of the Shiba Inu coin in…
CARV, a prominent platform for developing an AI chain network for data sovereignty, has announced an exclusive partnership with ARPA Network, a leading entity enhancing Web3 and AI verifiability and privacy. The strategic collaboration focuses on advancing the growth in transparency and security in the blockchain, gaming, and AI sectors. As a part of this collaboration, CARV is integrating threshold cryptography and verifiable randomness. We’re teaming up with @arpaofficial to bring verifiable randomness and threshold cryptography to the forefront of AI, gaming, and blockchain security. From fair game mechanics to privacy-preserving AI—real utility, cross-chain ready. Built together with ARPA to…
El Salvador President Nayib Bukele and Strategy founder Michael Saylor met at Casa Presidencial, the Presidential House of El Salvador, on Thursday to discuss Bitcoin, according to the country’s National Bitcoin Office (ONBTC). President Bukele met with Michael Saylor this afternoon at Casa Presidencial. Bitcoin was discussed. 🇸🇻🚀 pic.twitter.com/q0ycdnGg62 — The Bitcoin Office (@bitcoinofficesv) February 14, 2025 On Feb. 13, Bukele shared a photo on X, showing that the two Bitcoin advocates had dinner at the presidential palace. 🤔 pic.twitter.com/QxHnfadmdl — Nayib Bukele (@nayibbukele) February 13, 2025 El Salvador added one Bitcoin to its holdings around the time, bringing its…
Once, not too long ago, the idea of bridging the gap between TradFi and crypto was considered so unrealistic as to be fanciful, naive. After all, wasn’t crypto conceived as an antidote to the tired financial system with its rampant money-printing and expensive legacy systems? How times change. The meteoric rise of mobile-first banks like Monzo and Revolut, coupled with the growing adoption of digital assets and DeFi protocols, has given rise to a financial world within a world, one characterized by open borders, low-cost transactions, and ease of use. Today’s banking options are plentiful, with solutions that combine TradFi…
Asset manager Canary Capital has filed with the United States Securities and Exchange Commission (SEC) for an exchange-traded fund tracking PENGU, the governance token for the Pudgy Penguin. The ETF would hold both PENGU and Pudgy Penguin nonfungible tokens (NFT), as well as other cryptocurrencies, such as SOL and ETH, that may be necessary to the purchase, sale or transfer of PENGU and the associated NFTs. Nashville, Tennessee-based Canary Capital filed an S-1 form with the SEC on March 20. This is the first proposed EFT that includes NFTs. The ETF will be structured as a trust that is expected…
IOTA teams up with Lukka to deliver accurate, compliant data insights for its ecosystem. Fair Market Value (FMV) reporting reshapes how businesses evaluate and report crypto holdings. The IOTA Foundation has recently partnered with Lukka, a provider of blockchain analytics and compliance tools. Through this partnership, Lukka is positioned as the sole supplier of compliance-related solutions within the IOTA ecosystem. This reflects the foundation’s commitment to giving its users a safe and transparent environment. We are happy to share that @iota , a leading open-source distributed ledger technology (#DLT) network, has chosen Lukka as its exclusive provider for #blockchainanalytics and…