Author: NBTC

EMURGO is a global blockchain technology company. It acts as the official commercial and venture arm of the Cardano project, which is a decentralized blockchain platform that runs the ADA cryptocurrency. EMURGO aims to foster the development of the Cardano ecosystem by investing in startups and companies that are building on the Cardano platform. The company provides solutions and services to businesses and governments in industries ranging from finance and healthcare to education and retail, helping integrate blockchain technology into their operations. The precious metals industry involves a complex network of stakeholders, including mines, ports, refineries, and exchanges. As EMURGO…

SIX Digital Exchange (SDX) has announced transactions exceeding 1 billion Swiss Francs (CHF) in digital asset issuance. This was marked by the settlement of a CHF 200 million bond by the World Bank, which was priced on May 15. The collaboration between the World Bank, Swiss National Bank, and SIX Digital Exchange highlights a collective effort to advance digitalization within capital markets. The participation of key issuers, such as The World Bank, UBS AG, various Swiss municipalities, and SIX Group AG, has played a pivotal role in propelling the Swiss Financial Centre’s journey toward digital transformation. Notably, several issuances have…

Bernstein recommends buying bitcoin miners Riot Platforms and CleanSpark ahead of the halving. Bitcoin’s bullish trajectory to resume after the reward halving, Bernstein said. The broker maintained its cycle high forecast of $150,000 by 2025. The “miner fear factor” is at its peak ahead of the imminent halving, and investors should buy outperform-rated Riot Platforms (RIOT) and CleanSpark (CLSK) because the market will reward these companies for their superior execution and for being market leaders by self-mining hashrate, broker Bernstein said in a research report on Wednesday. Bernstein notes that mining stocks have continued to underperform bitcoin (BTC) year-to-date as…

Solv Protocol, a leading unified yield and liquidity layer for major digital assets, has achieved a significant milestone by surpassing $1 billion in Total Value Locked (TVL). This achievement solidifies Solv Protocol’s position as the 32nd largest decentralized finance (DeFi) protocol, according to rankings by DeFiLlama. Ryan, the founder of Solv Protocol, expressed his enthusiasm about this accomplishment, stating, “Reaching this significant milestone is a testament to the strong demand for Solv’s suite of products and the growing adoption of our flagship SolvBTC offering. As the largest protocol in the BTCFi space by TVL, we are excited to continue driving…

Ethereum NFT project Azuki and multi-chain marketplace Magic Eden have teamed up to create what they’re calling the first dual-chain NFT product that exists on both the Bitcoin and Ethereum blockchains—a limited edition hoodie inspired by the creator of Bitcoin, represented by an NFT on both chains. The Azuki x Satoshi Nakamoto Enduro Hoodie, first revealed last fall, was created exclusively for holders of Azuki’s “Spirits” NFTs—so there are just 98 pieces in total. The hoodies serve as a tribute to Bitcoin’s pseudonymous creator Satoshi Nakamoto. Each hoodie contains an embedded chip that allows owners to scan it and mint…

As the crypto market experiences a downturn, crypto investors feel the heat, particularly those holding Algorand (ALGO), Gary Gensler’s praised project. Data from the analytics platform IntoTheBlock shows that 89% of ALGO holders are at a loss. These investors are “out of the money,” meaning the overwhelming majority of ALGO investors hold the asset below the price they first bought them. ALGO trades at $0.1818 at press time, with a 5% gain in the last 24 hours. At this market value, only 8% of Algorand holders are profitable. In parallel, 3% are at break even, neither bearish making profit or…

Bybit, one of the world’s top three crypto exchanges by trading volume, has reached a monumental milestone, surpassing 30 million registered users globally, as per the information shared with Finbold on May 21. This achievement comes during a period of exceptional Web3 growth, solidifying Bybit’s position as a leader in the blockchain industry. Bybit’s market share surge Bybit’s market share in spot trading has surged from 2% in 2023 to an impressive 9.3% in 2024, a nearly 400% increase according to the latest Kaiko Research quarterly report. This leap from the previous year’s 7.3% underscores Bybit’s dominance in the cryptocurrency…

Pavel Durov, founder of the popular messaging application Telegram, made statements about the cryptocurrency market. In an interview with Tucker Carlson, Pavel Durov argued that increased government surveillance will force the creation of secure communication devices inspired by cryptocurrency hardware wallets. At this point, Durov thinks governments and government agencies will push for secure communication hardware devices and innovations in the crypto space. “The world is becoming less tolerant. Governments are becoming less tolerant about privacy. At this point, I believe increased scrutiny from governments will push hardware devices and related innovations dedicated to secure communications, much like we have…

RippleX, the development arm of Ripple, has introduced a significant enhancement to the XRP Ledger (XRPL) aimed at enhancing adoption and usability. Senior Software Engineer at RippleX Mayukha Vadari revealed the release of a new specification, XLS-68d, designed to simplify transaction processes. The focal point of this development is the introduction of sponsored transaction fees and reserves. This feature enables platforms to handle transaction fees and account reserves on behalf of their users, thereby streamlining the user experience and reducing barriers to entry for new participants. The proposal acknowledges the growing complexity of blockchain technology and aims to address it…

Alchemy Pay, a renowned crypto-fiat payment provider, has revealed plans to launch a Web3 Digital Bank. Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises https://t.co/G22k82rVZj — Stock Market News (@Stock_Market_Pr) May 21, 2024 Global enterprises can leverage this initiative to open and run many accounts, manage cash flows, and facilitate smooth fiat-crypto conversion. The compliant firm remains well-suited to offer regulated digital banking solutions to Web3 firms. The banking solutions and fiat-crypto integration will allow individuals to convert fiat to crypto (or vice versa) using one bank account. Alchemy Pay has been in the crypto payments sector…