Author: NBTC

Jeremy Kranz, founder and managing partner of the venture capital firm Sentinel Global, has urged investors to exercise caution when dealing with privately issued stablecoins. According to Kranz, these assets carry all the risks associated with central bank digital currencies (CBDCs), as well as additional, unique vulnerabilities of their own. Kranz refers to privately issued stablecoins as a “central business digital currency.” Based on his explanation, they include similar monitoring features, backdoors, programmability, and controls in CBDCs. Jeremy Kranz warns of risks associated with stablecoins When asked to elaborate, Kranz noted that central business digital currencies and stablecoins are essentially…

Polygon CEO Sandeep Nailwal is celebrating a major milestone this week after the UFC signed a multi-year partnership with Polymarket. The deal makes Polymarket the official and exclusive prediction market partner for both UFC and Zuffa Boxing. For Nailwal, the moment is personal. He shared that he’s a long-time UFC fan and highlighted that Polymarket runs entirely on the Polygon network. Something he and Polygon Ventures supported early on during tougher market years. This is a special moment for me too. Being a big fan of UFC myself, its a special feeling that @Polymarket is fully powered by @0xPolygon and…

As the crypto market loses steam, and the price of Bitcoin falls to lows not seen since early summer, traders are eyeing up alternative assets: Where does the price of Ethereum, the second-largest crypto asset by market, go next? Ethereum, which trades as ETH, opened today at $3,415.8 and has climbed to $3,473.2—a modest 1.69% gain that’s doing little to ease the tension around where ETH heads next. Prediction markets tell differing stories, and the charts suggest one of narratives may be suffering from some serious hopium. On Myriad, a predictions market built by Decrypt’s parent company Dastan, users have…

Shoppers who picked up a gold bar from Costco (NASDAQ: COST) in 2023 are now seeing solid profits as the precious metal continues to hit new record highs. When the retailer first began selling one-ounce gold bars in mid-2023, each was priced at about $1,900 and sold out almost instantly. Those same bars are now worth around $4,253, meaning early buyers have more than doubled their money in less than two years. That’s a return of roughly 124%, far outperforming the broader stock market over the same period. The yellow metal has also gained more than 60% year-to-date. Gold’s growing…

The cryptocurrency market has entered a downward spiral in the last week, led by Bitcoin, due to tariff-based economic uncertainties in the US. Although a partial recovery occurred over the weekend, we are heading towards the November 1st deadline without the customs duty crisis being resolved yet, and the coming weeks will be extremely critical. Additionally, the new week will also feature numerous economic developments and altcoin events concerning the cryptocurrency market. Here’s the cryptocurrency calendar we’ve prepared specifically for you at Bitcoinsistemi.com. (All times are stated as UTC+3 Türkiye time) Monday, October 20 SOL – Solana announced that it…

Bitfarms, one of North America’s leading mining companies, has announced that it plans to make a radical change in its operations and completely end Bitcoin mining within the next two years. Bitfarms Is Ending Bitcoin Mining and Moving to AI and HPC Data Centers The company is adopting a new growth strategy by transforming its existing facilities into data centers focused on artificial intelligence (AI) and high-performance computing (HPC). In a statement made by Bitfarms, it was stated that the 18-megawatt Bitcoin mining facility in Washington will constitute the first step in the transformation process. It was stated that this…

The world’s largest Ethereum treasury firm, Bitmine, has, on Wednesday, November 12, confirmed the launch of the next major network upgrade for Ethereum. While this has been long anticipated, the Ethereum Fusaka upgrade will not only mark a major milestone for the network but will also serve as proof that Ethereum can evolve without compromising decentralization. Ethereum’s Fusaka upgrade to rollout in early December The update, which was initially shared by the official Ethereum X handle, has sparked discussions and excitement across the crypto community, highlighting that the major Ethereum Fusaka upgrade is set to officially go live in early…

Tokenized real-world assets (RWA) on public blockchains now total $34.14 billion, up 10.58% in the past 30 days, according to rwa.xyz, putting the sector within sight of the $35 billion mark. BUIDL, XAUT, PAXG Headline Top RWA Assets as Onchain Value Advances RWA tokenization issues blockchain tokens that represent claims on off-chain instruments—U.S. Treasuries, commodities such as gold, institutional funds, private credit, stocks, and more—so they can be transferred and settled on public networks. Demand is driven by 24/7 transferability, faster settlement, composability with onchain applications, and access to global liquidity without legacy-rail frictions. Stats from rwa.xyz show participation continues…

Nexo, a crypto platform for borrowing and lending, has announced the launch of Plasma Network, a prominent L1 blockchain, on its ecosystem. The partnership aims to provide $XPL and $USDT holders with unique earning opportunities and utility. As disclosed in Nexo’s social media announcement, the collaboration focuses on broadening digital asset accessibility across chains. Thus, this joint effort is expected to connect decentralized ecosystems and conventional finance, bringing more rewards and flexibility to digital asset management. The @Plasma network is live on Nexo.Transfer $USDT & $XPL to your Nexo account over Plasma and enjoy deeper utility for your assets:▪️ Earn…

Ethereum price failed to stay above $3,550. ETH is trimming gains and might decline further if it dips below the $3,350 support. Ethereum started a fresh decline after it failed to stay above $3,550. The price is trading below $3,500 and the 100-hourly Simple Moving Average. There is a key bearish trend line forming with resistance at $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it settles below the $3,350 zone. Ethereum Price Dips Further Ethereum price failed to continue higher above $3,650 and started a fresh decline, like…