Author: NBTC
French blockchain analytics firm Kaiko has acquired crypto index provider Vinter, aiming to expand its presence in the European exchange-traded product market. Kaiko, a Paris-based blockchain data firm, announced the acquisition of European index provider Vinter as part of its strategy to consolidate regulated crypto financial products. In a blog announcement on Nov. 12, Kaiko stated that the acquisition will enable the firm to meet the “growing institutional demand” for crypto indices following the successful launch of spot Bitcoin exchange-traded funds in the U.S. earlier this year. “This strategic acquisition comes amid significant industry consolidation, which has a direct impact…
The global stabelcoin market is on the rise and is projected to reach $3 trillion in the next fiver years. It is driven by evolving regulations that improve the adoption and innovation of the stablecoins. In recent turn of events, Central Bank of the United Arab Emirates (CCBUAE) is leading the way by introducing a regulatory framework for both Dirham-backed and non-Dirham-backed stablecoins. This move positions UAE as a leader in the digital economy. Projected to reach $3T in the next five years, stablecoins are driving a new era of digital finance. The UAE’s forward-thinking regulations for dirham-backed and global…
Bitcoin, the world’s largest digital asset, has stunned the broader cryptocurrency community as its price surged past $71,000. This achievement, the first in over seven months, has caught the attention of Michael Saylor, chairman of business intelligence firm MicroStrategy. Saylor, characteristically, took to X to share his sentiment. Bitcoin’s value boosts In his X post, Saylor shared a picture of himself in a spacesuit, gazing out of his helmet with intense focus. The MicroStrategy chairman also has a small box with Bitcoin’s iconic logo, “B,” inscribed into it. He had it clutched tightly to his chest. Saylor captioned this intriguing…
In Brazil, 400 million tokens issued; 63% of online transactions are tokenized, covering various card credentials. Leandro Garcia highlights tokenization’s role in securing payments, enhancing user experience, and preventing $650 million in frauds. Visa has recently achieved the significant milestone of issuing ten billion tokens globally, marking a major step in the adoption of digital payment security measures. In Brazil, the payment giant has issued 400 million tokens, where 63% of the platform’s online transactions are now tokenized. This includes credentials for credit, debit, and prepaid cards, significantly enhancing the security and innovation of digital financial transactions. Tokenized transactions are…
Key highlights: SingularityDAO, SelfKey, and Cogito Finance merge to create Singularity Finance, backed by strong community support. The merger enables a token swap to create SFI, a unified asset fueling the new platform. Singularity Finance aims to advance AI tokenization and broaden access to decentralized finance on a Layer 2 blockchain. A strategic union to advance DeFi and AI In a groundbreaking move for the blockchain sector, SingularityDAO, SelfKey, and Cogito Finance have officially merged to form Singularity Finance. This merger was announced on October 15th and is now confirmed, following overwhelming community support. The decision, marked by a significant…
Tech billionaire and serial entrepreneur Elon Musk reacted to a recent tweet by El Salvador’s president Nayib Bukele, in which the latter shared the recent El Salvador stats and mentioned Bitcoin, which has been the country’s only official currency for several years now. Musk’s reaction to Bitcoin-driven data: “Super impressive” El Salvador’s president shared the recent stats data of EL Salvador, but he has not mentioned over period of time it was for. Among those metrics, he mentioned a decline in criminal activities, food prices, country risk, tax rates, government spending, migration rate going down. The last two are main…
While not entirely true, the market rally sparked by Donald Trump’s election victory certainly gives the feeling no assets were left behind and failed to experience a surge. By November 12, companies like Nvidia (NASDAQ: NVDA) and Tesla (NASDAQ: TSLA) had not only caught investors’ eyes but also delivered substantial gains, reinforcing their positions as growth stocks. Meanwhile, in the cryptocurrency market, Bitcoin (BTC) and Ethereum (ETH) led a digital asset surge, benefiting from renewed investor confidence and speculative interest. The original meme stock, GameStop (NYSE: GME) – known for its leading role in the late 2020 and early 2021…
Chainlink has developed an initiative to address the long-standing challenge of data fragmentation in the financial industry, by combining AI, oracles, and blockchain technology. The integrated solution with Chainlink Oracle protocol provides real-time, standardized data access and automates validation processes, enhancing efficiency and accuracy for financial institutions and stakeholders alike. In the past year, the rise of artificial intelligence (AI) has captivated investors and businesses alike, ushering in a wave of innovative applications. Since its launch in 2022, ChatGPT has gained mainstream attention, and significant investments have rushed into AI projects. One of the projects includes Sentient Labs, an AI…
In his recent statements, FED member Christopher Waller reiterated his opposition to the launch of a digital currency in the United States, pointing to the role of the private sector in financial innovation. Waller said the Fed must manage financial stability risks while supporting technological advances. He noted the Fed’s commitment to improving the efficiency and security of the payment system, and that he believes this will benefit American households, businesses and the broader economy. Waller expressed skepticism about the necessity of a central bank digital currency (CBDC) in the US, explaining that private companies are in a better position…
The Border Transformation and Digitization (BTD) program, also powered by IOTA’s DLT, enables real-time data exchange across supply chain stages. It helps UK border agencies manage operations more effectively with transparent tracking and monitoring capabilities. The United Kingdom’s latest trade report, “Ensuring Economic Growth,” emphasizes digital innovation and distributed ledger technology (DLT) for enhancing efficiency in global supply chains. This report highlights the role of the Trade and Logistics Information Pipeline, powered by IOTA Foundation’s technology. The TLIP is praised for supporting secure data sharing and streamlined logistics effectively, reported CNF. IOTA Foundation’s Major UK Achievement The Cabinet Office has…