Author: NBTC
XYO, a decentralized infrastructure and data sovereignty platform, has teamed up with Upland, a Web3 gaming platform, to explore new ways of integrating virtual and real-world experiences, as per the most recent updates disclosed to Finbold on Wednesday, September 18. The two partners are hoping to deliver innovative solutions that blend gamified elements across physical and digital spaces, further expanding the potential of Web3. The collaboration will debut with the integration of Upland into XYO’s COIN App during the “Learn & Earn” initiative. The XYO and Upland partnership Both XYO and Upland are key players in the Web3 space. The…
Recent metrics reveal that after Bitcoin’s network hashrate reached an all-time high of 693 exahash per second (EH/s) and saw a 3.58% difficulty increase, its computational power decreased this week. In the nine days since this peak, the hashrate has fallen by 9.95%. Bitcoin Miners Confront Economic Hurdles as Bitcoin Hashrate Dips Bitcoin miners are still under significant pressure as revenue is not what it used to be in the mining industry. Since the fourth Bitcoin reward halving, the subsidy dropped from 6.25 BTC to 3.125 BTC per block. In addition to the reward subsidy, miners also get fees from…
U.K. Finance alongside 11 of its members completed the experimental phase of a tokenization and CBDC platform. The program identified improvements in economic value and enhanced functionality. Trade association U.K. Finance said it completed the experimental phase of a tokenization and central bank digital currency (CBDC) platform and is looking to work with regulators and other public bodies on developing payment networks based on the technology. Involving 11 member banks, including Barclays, Citi UK, HSBC and Natwest, as well as professional service firms, the program concluded that such a platform would help deliver economic value and could enable new functionality…
Lucie, the Shiba Inu (SHIB) team’s marketing lead, has posted a defense of Shytoshi Kusama’s desire to maintain his privacy. The lead developer of Shiba Inu’s identity remains unknown to the public, raising criticism from some members of the community. Lucie’s defense of Kusama’s anonymous identity Responding to critics in an X post, Lucie says Kusama’s stance on maintaining anonymity is not an issue. What matters, according to Lucie, are his actions, responsibility and morals. However, she pointed out that anonymous developers can be a red flag when problems arise. This is because they can easily run away and leave…
A series of disastrous economic results published on Friday has onlookers believing the United States economy is quickly spiraling into recession. But while the news initially coincided with a dip in the price of crypto assets, analysts say that a weaker U.S. dollar could ultimately benefit Bitcoin over the long term. The stock market tumbled Friday following the poor reports, with Bitcoin and other major cryptocurrencies following suit. Bitcoin’s price briefly jumped to $65,400 but then fell sharply, dipping to about $62,350 as of this writing. Nearly all of the top 100 cryptocurrencies are down on the day, excluding dollar-pegged…
Mercado Libre, Latin America’s e-commerce and financial services giant, has announced that it will expand its previously launched Meli Dólar, an in-house developed dollar-pegged stablecoin, to other countries. The token, developed in partnership with the Argentina-based crypto exchange Ripio, will be launched in Mexico, according to Juan Vita, Senior Director of Product at Mercado Pago. Mercado Libre Expands Meli Dólar Stablecoin Initiative Mercado Libre one of the largest e-commerce and financial services companies in Latam, has revealed that it will expand the availability of its dollar pegged stablecoin to other markets. During the Modular 2024 event held in Sao Paolo,…
Bullish sentiment has returned to the crypto market, as many coins have witnessed notable price increases. According to CMC, the total crypto market cap is currently at $2.14 trillion, a rise of 4.05% over the last day. The total market volume has also surged 27.05% to $65.19 billion, reflecting the intense trading activity. XRP, one of the most popular altcoins, has also witnessed a big jump in its price. Over the past 24 hours, it has surged 4.17% to the $0.61 level. Moreover, the market cap of the Ripple-based coin has jumped 4.17% to a whopping $34 billion. The XRP…
According to the data, there is a sudden decline in the price of Bitcoin. BTC price has lost more than 1% in the last 30 minutes. It is thought that the decrease in price is due to the increase in tension between Israel and Iran. The Iranian state television presenter said, “in the coming hours, the world will witness extraordinary scenes and very important developments” in his live broadcast program focusing on Tehran’s retaliation against Israel after the killing of Hamas leader Ismail Haniye in Tehran. Three hours ago, Mohammad Marandi, an advisor to Iran’s Ministry of Foreign Affairs, tweeted…
LONDON, Sept 17 (Reuters) – A total of 134 countries representing 98% of the global economy are now exploring digital versions of their currencies, with almost half at an advanced stage and pioneers like China, the Bahamas and Nigeria starting to see a pick up in usage. The research by the U.S.-based Atlantic Council think-tank published on Tuesday showed that all G20 nations are now looking into central bank digital currencies (CBDCs) as they are known and that 44 countries in total are piloting them. That is up from 36 a year ago and is part of a global push…
Chinese cryptocurrency journalist and blogger Colin Wu has reported about Upbit, the largest cryptocurrency exchange in South Korea, adding two new meme coin pairs. PEPE and BRETT will be trading against the dollar-backed USDT coin. PEPE, BRETT pairs added by Upbit, price skyrockets Meme coin PEPE was launched in April 2023 on the Ethereum chain by a group of anonymous developers inspired by the popular Internet meme character Pepe the Frog. The coin quickly gained traction among investors and was added by major crypto exchanges, including the Binance behemoth. This meme coin brought a significant change into the cryptocurrency space…