Author: NBTC

Mastercard (NYSE: MA) and Standard Chartered Bank Hong Kong (SCBHK) have successfully completed the first live test of tokenised deposits using blockchain technology within Hong Kong’s fintech sandbox. This initiative marks a significant step forward in exploring the potential of blockchain in revolutionising banking transactions and asset management. Tokenised deposits using Mastercard’s Multi-Token Network The successful execution of tokenized deposits highlights the growing synergy between traditional banking institutions and cutting-edge fintech solutions. Through the Mastercard Multi-Token Network (MTN), the live test transaction involved a Mox Bank client purchasing a carbon credit, which was then tokenized by SCBHK using Libeara, its…

Demand for spot bitcoin ETFs has slowed down in the days ahead of the BTC halving. The fund category collectively tallied net outflows for a fifth straight day on Thursday — albeit only slightly at about $4 million, according to Farside Investors data. The five-day net outflow total beginning on April 12 amounts to $319 million, reflecting an average of $64 million over the span. That peaked on Wednesday, when $165 million left the 11-fund sector. Such an outflow streak has happened just once before, with US spot bitcoin ETFs bleeding assets each day from March 18 to March 22.…

Launched in January 2023, the Ordinals Protocol opened the Bitcoin ecosystem up to the craziness of NFTs, enabling users to inscribe data – images, art, videos, and more – to individual Bitcoin denominations known as satoshis. The idea of bringing NFTs to the Bitcoin network might have seemed frivolous to some. Others, though, recognized the significance and heralded Ordinals as a shot in the arm for the Proof-of-Work blockchain. Strong as it was, the digital gold narrative would now be supported by another compelling use-case as bitcoin became more than a deflationary digital currency: now it could double as a…

Solana (SOL) is fighting for survival in a visibly tense market. The drawdown in the market has suppressed SOL from breaking away from its psychologically important level of $160. At the time of writing, data from CoinMarketCap pegs the price of Solana at $155.53. Solana whale FUD not going away Solana has long been associated with whales moving large amounts of SOL in and out of exchanges. Notably, investors and retail traders do not know when the next major dumping will take place. This has generally kept Solana on the edge as HODLers do not want to get caught up…

Bitcoin (BTC) miners might turn to the DePIN ecosystem to turn mining facilities profitable after the latest halving cut block rewards to 3.125 BTC, shared Livepeer CEO Doug Petkanics with Crypto Briefing. DePIN is short for decentralized physical infrastructure network, a blockchain industry sector that brings transparency and decentralization to the real world. Petkanics highlights that this movement to DePIN, where the business model is usually providing computing power through GPUs to artificial intelligence-focused companies, is met with good and bad news for Bitcoin miners. “The hardware that they’ve bought and deployed and paid for Bitcoin mining are really specific…

In a significant move to enhance the cryptocurrency ecosystem, Alchemy Pay has partnered with Metis, a Layer 2 blockchain solution underpinned by Ethereum, to integrate a robust fiat-to-crypto payment gateway into the Metis platform. This partnership will enable developers within the Metis ecosystem to access Alchemy Pay’s seamless On & Off-Ramp solutions, facilitating easier transitions between fiat and cryptocurrencies for users worldwide. This collaboration aims to refine the user experience by providing a direct, efficient gateway for these transactions. Alchemy Pay’s addition of Metis’s native token, METIS, to its On-Ramp solutions is a key feature of this partnership. This integration…

A cryptocurrency analyst and trader is issuing a warning on Bitcoin (BTC) amid a significant market correction. The analyst pseudonymously known as Rekt Capital tells his 73,400 YouTube subscribers that Bitcoin is currently experiencing a correction which typically occurs ahead of the halving. “So we’ve been talking about this danger zone for a while and we’ve seen retracement in that danger zone. And, in fact, we are in the thick of this danger zone, we’ve been in this danger zone for a month or so. And we’ve already seen two pre-halving retraces.” According to the pseudonymous analyst, going by previous…

New York, NY — Union, the Modular Interoperability Layer, is teaming up with Stargaze, the zero-gas NFT app chain, to facilitate the transfer of blue-chip Ethereum NFTs to the Cosmos ecosystem through its trustless, decentralized zkIBC bridge. —The integration promises significant advantages for collections in both realms. Following the completion of this partnership, Stargaze’s NFT collections, including Bad Kids, will gain exposure to the Ethereum ecosystem by featuring on Ethereum marketplaces. Conversely, blue-chip Ethereum NFTs such as CryptoPunks, BAYC and Pudgy Penguins will find a new home in Stargaze. Moreover, NFT collections minted on Stargaze, such as the Celestine Sloth…

A pseudonymous crypto founder with very public criticisms of DeFi’s points trend opened up his own points program on Suilend, one of the fastest growing borrow-and-lending protocols on the Sui blockchain. Launched Tuesday, Suilend’s incentives program addresses some of the most jarring issues that founder Rooter said protocols run into when wooing users with points. Countless protocols ran their own points programs over the past 12 months, almost always as the prelude to a token. Sui’s DeFi landscape grew nearly threefold this year on the back of the resurgent market and boosted by the Sui Foundation’s “Sui Rewards” incentives programs…

Desig, Omnichain Smart Multisig Wallet solutions provider, has announced its integration with the Conflux Network. This collaboration promises users a transformative experience characterized by enhanced security, intelligence, and efficiency. 🎉 We’re thrilled to announce that Desig, your go-to Omnichain Smart Multisig Wallet, is now live on @Conflux_Network!Get ready for a transformative experience in digital asset management that is secure, intelligent, and incredibly efficient. pic.twitter.com/KpfhDIfhB7 — Desig | Omnichain Multisig Wallet (@DesigLabs) May 15, 2024 Conflux Network’s Role in Desig’s Digital Asset Management Solutions Conflux Network’s innovative Tree-Graph consensus mechanism enables Desig users to enjoy lightning-fast transactions and high throughput. In…