Author: NBTC

According to Debo Sen, head of digital assets at Citi, blockchain technology may change the infrastructure beneath cross-border payments. Swift’s massive network could make it one of the best-positioned organizations to connect the new systems. “If anybody can pull it off, it’s Swift because of the network effect it has,” Sen said. “Swift is well-positioned. They have 11,500 banks connected to them. They understand how the banks work. The banks are familiar and comfortable.” The firm’s messaging system — a service estimated to have facilitated the movement of quadrillions of dollars since its inception in 1973 — does not itself…

The CLARITY Act has moved closer to defeat ahead of its Sept. 15 Senate vote as lawmakers remain divided over presidential ethics rules and stablecoin rewards. CLARITY Act ethics talks remain stalled Semafor reported on Sept. 8 that Republican senators expect the crypto market structure bill to fail when the chamber returns, citing little progress on an ethics provision sought by Democrats. The proposed restriction would address whether a sitting president and immediate family members could profit from crypto businesses while federal policy affecting the industry is being written. According to two Democratic aides cited by Semafor, negotiators have made…

OKX recently revealed its 46th consecutive Proof of Reserves, confirming $22.96 billion in primary assets with customer assets backed above 1:1. This move underscores the exchange’s commitment to transparency and trust, especially as regulatory scrutiny increases in the cryptocurrency space. The announcement was highlighted by OKX on Twitter, showcasing its efforts to maintain user confidence in market conditions. The Latest In the latest Proof of Reserves report, OKX confirmed a significant backing of $22.96 billion in primary assets. This transparency is critical as the crypto market continues to navigate mixed signals and varying momentum among major assets. By ensuring customer…

AnsetaHQ recently highlighted the critical need for robust validator operations within the Cosmos ecosystem. Their focus on security and uptime for institutional digital ledgers underlines a significant departure from typical monolithic ledger systems. This perspective is crucial as it can shape the future of blockchain implementations across various industries, potentially enhancing trust and adoption. For further details, see the original tweet here. The Key Development The Cosmos network is gaining attention as it emphasizes the importance of decentralized validator operations, which are essential for maintaining the security and availability of digital ledgers. In contrast to most ecosystems that rely on…

With the US-Iran conflict continuing and the Strait of Hormuz being closed again, and tensions escalating, Bitcoin has turned its gaze upwards once more. However, despite the rising tensions, Bitcoin is maintaining its support level of $60,000 while continuing to challenge the $65,000 level. While price uncertainty continues for the coming days, a popular analyst, citing historical data, notes that it is quite rare for Bitcoin to fall below its previous all-time high ($ATH) during bear markets. The analyst also adds that, when past cycles are examined, the previous all-time high ($ATH) presented a significant accumulation opportunity for long-term investors.…

Arbitrum has announced a milestone in decentralized finance by introducing tokenized stocks, which can now be composed with DeFi applications. This significant development is expected to enhance liquidity and programmability in finance. As stated in their official tweet, users can begin building with these stocks soon, indicating a broader integration of traditional financial assets into the DeFi space. What Happened The introduction of tokenized stocks on Arbitrum, issued through RealityFi, represents a major step towards integrating traditional finance with decentralized applications. Stocks like $rAAPL and $rSPCX are now available for on-chain liquidity, allowing users to interact with them in a…

“There will be an AI currency coming,” said Erald Ghoos, CEO of OKX Europe, in a video interview. “This is not going to be fiat, for sure. It will be a stablecoin or some other crypto token, whatever this is going to be, that is going to be by far, by far the largest currency that this world has ever seen.” He predicted that there would be one “super currency” coming specifically for AI agents. “It could be a stablecoin, or it could be something else. Let’s see what works.” Siu agrees that agents will need crypto-based money rather than…

Trump Media and Technology Group (TMTG), under new management, is redefining its strategic focus while backtracking on some of its plans in the cryptocurrency space. The Truth Social parent company is ending two previously announced deals with Crypto.com, aiming to redirect its resources to media operations and its planned merger with fusion energy company TAE. Speaking to Axios, TMTG Interim CEO Kevin McGurn stated that the company wants to adopt a more focused strategy, noting that the digital asset treasury market has largely reached saturation point in the past year. This shift represents a significant departure from the company’s previous…

Binance recorded a net inflow of $8.85 billion over the past seven days, the largest among major cryptocurrency exchanges, according to data reported by ChainCatcher. The figure underscores Binance’s continued dominance in digital asset flows, even as competition intensifies among trading platforms. Exchange Flow Breakdown Data shows a stark divergence in capital movements across leading exchanges. OKX posted a net inflow of $7.67 million, while Deribit saw $4.03 million in net inflows. In contrast, Bybit recorded the biggest outflow at $119 million, followed by Bitget with $88.74 million and Bitfinex with $31.47 million in net outflows. These figures reflect shifting…

Jeroen Gillekens from LayerZero highlighted the difficulties in moving assets and messages between chains during a recent discussion on the Solana is Global podcast. This topic is increasingly relevant as institutions explore tokenization in the Middle East, showcasing the ongoing quest for seamless interoperability in the blockchain space. For more insights, check out the full episode here. Inside the Move The broader crypto market continues to show mixed signals, with various assets experiencing fluctuations that reflect uncertainty. LayerZero’s discussion on cross-chain messaging underscores a critical challenge faced by many projects—how to facilitate seamless communication across different blockchain networks. This focus…