Author: NBTC

The Philippines actively sought bolstered assistance from the Asian Development Bank (ADB) to advance its dual objectives of physical and digital infrastructure development. During the 57th ADB Annual Meeting’s Business Session, Finance Undersecretary Joven Balbosa emphasized the nation’s focus on fostering improved connectivity to amplify infrastructure investments. Empowering small businesses Acknowledging the vital role of micro, small, and medium enterprises (MSMEs) in the country’s economic fabric, the Philippines underscores the necessity for tailored support from the ADB. With MSMEs constituting nearly 99% of the nation’s business sector, there’s an urgent call for initiatives to bolster their capacities, particularly in light…

Rwanda’s central bank has published a research paper laying out the benefits, risks, and design recommendations for a digital franc. The research paper summarized the key findings of a feasibility study on the economic, legal, functional, and monetary implications of a central bank digital currency (CBDC) that the National Bank of Rwanda (BNR) initiated in September 2022. The central bank has called on the public for feedback as it moves into the next stage of CBDC exploration. 🚀 Big News from #Rwanda 🇷🇼 Since September 2022, the National Bank of Rwanda has been exploring a new digital horizon with a…

Seattle — In a groundbreaking collaboration, 6079, a pioneer in trustless artificial intelligence (AI) services, joins forces with Morpheus, the open-source smart agent network. The partnership aims to revolutionize the landscape of independent AI, heralding a new era of decentralized innovation.—Morpheus, a decentralized AI network driven by over 200 open-source contributors, has achieved a remarkable milestone with over $350 million in Total Value Locked (TVL). This achievement underscores the community’s dedication and commitment to fostering a fair and inclusive ecosystem. Utilizing its innovative Capital Contract, Morpheus has garnered widespread attention and support, with over 5,000 individuals contributing to its success…

Deutsche Bank has shown increased interest in digital assets and tokenization by joining the Monetary Authority of Singapore’s Project Guardian. This initiative tests asset tokenization applications in a regulated environment, focusing on the viability and potential integration within the financial markets. Participation in Project Guardian will also involve Memento Blockchain and Interop Labs. The former, a specialist in decentralized finance and hyper-chain zero-knowledge, previously partnered with Deutsche Bank on the DAMA 1 proof-of-concept in 2023. This ongoing collaboration is set to yield DAMA 2, promising further advancements in blockchain technology. Interop Labs, known for developing the Axelar network—the Web3 interoperability…

Bitcoin’s price has been consolidating since early March, failing to continue its uptrend. Yet, the cryptocurrency might soon get back on track and create a new all-time high. Bitcoin Price Analysis: Technicals By TradingRage The Daily Chart On the daily chart, the Bitcoin price has been consolidating between the $60K and $70K levels over the past couple of weeks. The recent rejection from the $70K zone has driven it down toward the $60K support level. Yet, the level has held and initiated a rebound. The market is now expected to potentially retest $68K – an important resistance. On the other…

Adopting a potential digital euro won’t displace the Swedish krona, Sweden’s central bank said. In a staff memo published Tuesday, the Sveriges Riksbank indicated it sees potential benefits for Sweden in the digital euro. It highlighted the possibility of a more robust and competitive payment system. The bank added that there may be a small shift away from traditional bank deposits. However, the Riksbank believes any impact will be limited due to the proposed cap on individual holdings of digital euros. Using the digital euro might extend beyond the eurozone. While it’s designed for eurozone countries, a proposal allows non-eurozone…

After a rough start to their working relationship, the Nala Cat brand and current team behind Solana meme coin Shark Cat (SC) have come to an agreement—giving Shark Cat an official license to the IP. Following a contentious dispute that spilled out onto Twitter, the owner of famed social media feline Nala announced last week that she has reached a deal with the team behind Shark Cat—which originally used photos of the cat to promote its token. The Shark Cat team confirmed that they made a deal with the Nala Cat brand, and acquired a license to use the IP…

KYVE and Synternet have partnered to introduce a new era of historical and real-time blockchain data centralization mechanisms using the powers of the Interchain Stack. Their joint efforts are aimed to maximize the potential of the blockchain data spectrum and make it more accessible for developers, node operators, and data analysts. 1/ By leveraging the Interchain Stack, @KYVENetwork & @synternet_com aim to streamline historical and real-time data for all!The collaboration improves the management and accessibility of blockchain data – supporting interchain developers, node operators, and data analysts. pic.twitter.com/cUrGXNqiUp — Cosmos – The Interchain ⚛️ (@cosmos) May 14, 2024 KYVE and…

A widely followed crypto analyst is forecasting that Bitcoin (BTC) could reach a six-figure price over the coming months. The pseudonymous host of the InvestAnswers YouTube channel says in an interview that Bitcoin could skyrocket by up to 282% from the current level driven by increased demand a few months after the approval of spot Bitcoin exchange-traded funds (ETFs). According to the InvestAnswers’ host, what the institutional investors have put in in the ETFs is only a “small allocation game”, but that is about to change. “Well, the money hasn’t arrived yet, so the institutions are coming. They watched for…

The new fund backs low-volatility insurances covering properties, trucking, aviation and workers compensation, excluding catastrophic risks at the start, Re CEO Karn Saroya said in an interview. Re targets to back $200 million in insurance premiums by the end of the year, with another $3 billion in the pipeline. The firm also raised $7 million in a venture capital investment round led by Electric Capital. Re, a real-world asset (RWA) platform specializing in offering tokenized reinsurance, said Tuesday it has opened its first open-ended reinsurance fund using the Avalanche (AVAX) network. First investors of the fund include Nexus Mutual, a…