Author: NBTC
Tinkoff Bank, one of Russia’s biggest banking players, has won a license to issue and sell “digital financial assets” (DFAs) in the country. Interfax reported that the Central Bank added Tinkoff to its official list of approved DFA operators on March 28. Tinkoff Bank Readies DFA Offerings Tinkoff’s move comes weeks after its biggest rival, Sberbank, launched a DFA trading platform. The Sberbank platform may eventually allow its customers access to certain types of NFTs. The Central Bank launched its DFA register in February 2022, when it granted approval to the Atomyze platform. Atomyze makes use of the Hyperledger Fabric…
The decentralized finance (DeFi) crypto project Solana (SOL) has experienced a significant surge in investor interest, propelling the native token to rally to new heights, with meme coins launching on the platform also garnering significant attention. Amidst this surge in interest, on-chain data indicates that the Solana network is currently experiencing severe congestion, with significant implications for transaction processing and network performance. In particular, data shared on X (formerly Twitter) on March 17 by Dagnum_PI pointed out that the average ping time on the Solana network is reported to be between 20-40 seconds, indicating delays in communication between nodes. The…
El Salvador, the nation that made bitcoin legal tender in 2021, continues to up its bitcoin (BTC) holdings. The country’s president, Nayib Bukele, said on Monday that the nation now owns 5,700 bitcoins versus mid-March’s roughly 5,690. At bitcoin’s current price just above $70,000, El Salvador’s bitcoin stack is worth more than $400 million. Bukele earlier this month said his country’s bitcoin holdings had been moved to cold storage and published the address of its bitcoin wallet. That wallet showed just under 5,690 BTC, significantly more than what public trackers of El Salvador’s holdings had estimated. The trackers were off…
The Qingdao branch of the Bank of China (BOC) has rolled out a new payment option for Qingdao’s metro transit system through digital yuan hardware wallets. According to the local news outlet Dazhong, this initiative introduces a “deferred payment” system that allows travelers to use the public transit service first and pay later with the hardware wallet featured enabled on users’ smartphones. Developed under the guidance of the BOC Currency Research Institute and in partnership with China Telecom, China Unicom, and Digital Finance Public Service, users can complete payments without access to internet or even power via BOC’s, Telecom’s, or…
Solana has outperformed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions in terms of 24-hour transaction volume, reaching a total of $3.654 billion against Ethereum’s $2.397 billion. The news seemingly piqued the interest of SOL co-founder Anatoly Yakovenko who responded via social media. SOL’s latest achievement places it at the forefront of blockchain transactions, even surpassing the combined efforts of other significant networks such as Arbitrum, Avalanche, Polygon, and Optimism, according to data provided by DefiLlama. When combined volume of all the centralized exchanges as well? https://t.co/EvCX37qMgZ — toly 🇺🇸 (@aeyakovenko) March 17, 2024 Yakovenko also acknowledged the platform’s…
As a sign of celebration of the upcoming Bitcoin halving, the cryptocurrency exchange Binance has launched the NFT game “Word of the day” (WOTD) inviting its users to participate to try to win a share of the 500,000 Binance Points up for grabs. The game, only available to registered customers on the exchange platform, will last until March 31st and will offer new episodes every day to try to win exclusive prizes, redeemable at the end of the event in the “Rewards Hubs” section. Let’s see all the details below. Binance launches the NFT game WOTD and challenges its users…
Bitkub Capital, the owner of crypto exchange Bitkub Online, plans to sell shares to the public next year. The IPO is expected to value the exchange at about 6 billion baht ($165 million), CEO Jirayut Srupsrisopa told Bloomberg. The owner of Thai crypto exchange Bitkub Online plans to sell shares to the public next year and is in the process of hiring financial advisers, Bitkub Capital Group CEO Jirayut Srupsrisopa told Bloomberg. Thailand’s biggest crypto exchange provides about 80% of the Bangkok-based parent’s profit and is 9.2% owned by Asphere Innovations. The initial public offering (IPO) is expected to value…
Near Protocol price staged a strong comeback on Sunday, becoming one of the best-performing cryptocurrencies of the day. The token surged to a high of $8.5 as it neared the year-to-date high of $9. It has soared by over 285% from its lowest point this year. Near Protocol will be the cryptocurrency to watch this week because of what will be happening in the US. Nvidia, the third-biggest company in the world, will host its flagship event of the year, which I wrote on here. The GTC event will bring together the biggest companies in the world. A closer look…
Introduction Names can be both liberating and confining. When mankind gives something a name, we mark it with a label that helps us discuss our shared environment and experience. At the same time, a label can obscure something in preconceived notions. Labels can make it more difficult for us collectively to understand what something is. In 2008, a pseudonymous inventor named Satoshi Nakamoto released a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System”1. The paper outlines a novel distributed network system, called Bitcoin, that acts as an immutable digital ledger. There are many ways to describe what the fundamental…
Last week, the digital asset market witnessed a significant influx of over $800 million, spearheaded by Bitcoin’s dominance, according to the weekly flow report shared by CoinShares‘ head of research James Butterfill. This surge marks a swift rebound following the near $1 billion outflow observed in the previous week. Bitcoin, US see significant inflows. Bitcoin experienced a substantial $865 million net flow, propelled by inflows into newly introduced exchange-traded funds in the United States. The trio of BlackRock IBIT, Fidelity FBTC, and Ark 21 Shares ARKB collectively attracted $1.53 billion in inflows. In comparison, outflows from Grayscale’s GBTC continue apace,…