Author: NBTC
Blockchain payments firm Ripple Labs has made huge headway in its bid to drive educational initiatives in the blockchain space. In 2018, Ripple launched the University Blockchain Research Initiative (UBRI), which has since advanced blockchain education across the globe. In its latest update, the firm said this program has built a pipeline of skilled students ready to shape blockchain’s future. Ripple and university knowledge pursuit Ripple’s UBRI aims to support blockchain research and education through university partnerships. Working with over 45 institutions, Ripple aims to make blockchain integral to academic studies. These collaborations enable Ripple to invest directly in emerging…
Bitcoin is soaring once again, but Bitcoin.com CEO Corbin Fraser wishes to remind everyone that with its unique set of driving forces, bitcoin is on a long-term trajectory to reshape the global economy Bitcoin Nears Historic Highs but Huge Growth Is Still Ahead Bitcoin’s recent price action has been impressive, with the cryptocurrency approaching its all-time high. As of writing this, bitcoin is trading around $72k, showing strong momentum in the market. While the current short-term price action is exciting, it’s important to remember that no matter what happens over the next weeks and months, over the long term…
The People’s Bank of China has developed a digital yuan visual hard wallet, showcasing dynamic QR codes and offline payments. China is moving forward with the adoption of its central bank digital currency — also known as the digital yuan or e-CNY — this time presenting a payment card similar to traditional debit or credit cards. According to a Global Times report on Nov. 7, the new technology is a physical visual card that allows its owners to conduct both online and offline payments. The digital yuan card, first unveiled at the 18th Shenzhen International Financial Expo, supports both “tap-to-pay”…
In a significant move for the blockchain sector, Shanghai’s Xuhui District has commenced accepting applications for various blockchain development initiatives scheduled for the second quarter of 2024. The program aims to bolster the creation of blockchain standards and foster notable business advancements, particularly those aligned with “Blockchain+” applications. Businesses eager to engage in these projects stand to gain considerable incentives. Contents hide 1 What Support is Offered for Standards Development? 2 How Will Significant Blockchain Enterprises Benefit? What Support is Offered for Standards Development? A unique funding opportunity will be made available for the research and development expenses associated with…
Bitcoin ETFs saw a staggering $870 million worth of inflows yesterday as the cryptocurrency’s price got precariously close to setting a new all-time high. BlackRock’s iShares Bitcoin Trust (IBIT) saw a staggering $3.36 billion worth of trading volume yesterday—the highest it’s been in the past six months. At the time of writing, the IBIT fund has $17.2 billion worth of Bitcoin under its management, according to Coinglass. But it’s not normal for ETF volumes to spike when the price is going up, Bloomberg Intelligence analyst Eric Balchunas said on Twitter. “Typically ETF volume spikes in a downturn/crisis,” he noted, adding…
Crypto researcher Tom Wan believes that enabling staking for spot Ethereum exchange-traded funds (ETFs) could boost inflows and attract more investors to the digital assets products. The former 21Shares analyst shared this opinion on X (formerly Twitter), noting Ethereum ETFs have yet to live up to their true potential. According to Wan, the assets under management (AUM) for ETH ETFs are only about 10% of what Bitcoin ETFs hold. This represents a significantly lower percentage compared to Ether’s market cap, which is 23% of Bitcoin’s, and the analyst believes enabling staking for the ETFs could fix that problem. Wan noted…
The markets are paying close attention to recent comments from Fed Chairman Jerome Powell at a post-meeting press conference held Thursday. Bloomberg has shared a few takeaways along these lines, noting that, overall, Powell tried not to offer forward guidance on where rates might go from here, leaving his options open for the December meeting and beyond. Powell emphasized that the economy is strong, so officials can take their time lowering interest rates. He also stated that policy remains restrictive despite the latest rate cut, and that policymakers are working to bring interest rates back to neutral levels. As for…
Samson Mow, Bitcoin maximalist and chief executive officer at the JAN3 company focused on helping nation-states to adopt BTC, has commented on today’s BTC price surge above the $73,000 level. He provided a key reason why Bitcoin is likely to continue going up, and he believes it is likely to do that in an aggressive manner. “Godzilla, then Omega” Bitcoin candles Mow stated that expects further inevitable ascending moves of Bitcoin to be “extremely violent” and eventually lead first to the appearance of a Godzilla and then to an Omega Bitcoin candle. These are candles that will show extremely large…
The wrapped Bitcoin product from Coinbase has topped the $1 billion market cap on Solana. Solana price has continued to shine amid a broader crypto ecosystem boom. Recently launched on the Solana blockchain, the Coinbase Wrapped BTC (cbBTC) product has hit the $1 billion market capitalization milestone. This update comes amid surges in Solana’s price and a boom in the Decentralized Finance (DeFi) sector. Coinbase’s cbBTC Debuts on Solana Coinbase recently announced in an X post that it has launched the cbBTC token on the protocol. According to Coinbase, the cbBTC is an SPL token backed 1:1 by Bitcoin (BTC)…
The price of Ethereum (ETH) surged today, reaching its highest point in three months following Donald Trump’s election as the next U.S. president. This significant political development has injected optimism into the market, leading to a substantial rise in ETH’s valuation. Contents hide 1 How Did ETH Perform Recently? 2 What Impact Does Trump’s Victory Have? How Did ETH Perform Recently? Over the past day, ETH experienced an impressive 8% increase, climbing to $2,867, a level not observed since early August. In comparison, Bitcoin saw a lesser rise of 2.7%, while Solana and Binance Coin gained 5.3% and 3.3%, respectively,…