Author: NBTC
Over the last few years, the cryptocurrency market has grown rapidly on the Asian continent. According to information provided by Statista, the cryptocurrency market in Asia is expected to reach a value of US$8.2 billion, growing at a compound annual growth rate (CAGR) of 7.68% over the next 4 years. Likewise, according to the recent global cryptocurrency adoption report by Chainalysis, countries such as Vietnam, Thailand, and Singapore are leading cryptocurrency adoption within the SEA region. Funding Increases in the Crypto Market Recently, the OECD reported that global economies are expected to grow by 3.1% this year, showing a slight…
Germany’s state-owned bank, Kreditanstalt fuer Wiederaufbau, is stepping into blockchain territory with its first digital bond, set to transform investment options. The German state-owned bank Kreditanstalt fuer Wiederaufbau (KfW) is gearing up to launch its first-ever blockchain-based digital bonds in a step aimed at the adoption of blockchain technology within the German traditional financial institutions, as per a Bloomberg report. Commenting on the latest development, treasurer of KfW Tim Armbruster said the bank is taking “the next big step with the issuance of a blockchain-based bond for which we want to attract as many investors as possible.” “We believe that…
Early Bitcoin adopter Brock Pierce is revealing what he thinks is a “reasonable” price target for BTC as the flagship cryptocurrency moves into a new phase. In a new interview on Fox Business, Pierce, who’s also a co-founder of stablecoin giant Tether, says that the recent explosion in Bitcoin fees as new applications are built for its blockchain represents a bullish catalyst for the flagship cryptocurrency. “It’s what we’ve seen – Bitcoin had record fees during this halving because of a lot of what we call ‘layer-2’ technologies, the idea of building on Bitcoin. If you’ve heard of Ethereum it’s…
The Ethereum Foundation’s recent series of transfers to the multisign address “0xbc9” has drawn market observers’ attention. Spot On Chain reports the foundation recently moved 1,000 ETH, valued at $3 million, to this address. Since the start of 2024, it has transferred 5,000 ETH in total to this location. These transactions could impact the market, as previous trends suggest. Of the ETH moved previously to this address, 1,766 ETH have been sold for 4.81 million DAI, averaging $2,725 per ETH. According to analysis, the foundation’s actions often align with drops in Ethereum’s price. In/Out flow (Source: Spot On Chain) Presently,…
Glacier Network, a popular data-centric blockchain, has announced its latest integration with a well-known proof-of-compute protocol. The integration of Cluster Protocol with Glacier VectorDB includes the training of AI models in line with a shared commitment concerning the decentralized data setup. Glacier noted on its X account that the integration includes the optimization of wide dataset management for notable performance. 🔥Thrilled to share that @ClusterProtocol integrates with Glacier VectorDB for AI Model training⚡️🩵💫🔹Cluster Protocol is revolutionizing #AI with blockchain integrity🙌This integration is optimizing large dataset management for peak performance🚀https://t.co/FAyN1U7TrX — Glacier Network 🧊 (@Glacier_Labs) May 7, 2024 Glacier Network Integrates…
Introduction One of Bitcoin’s undeniable and frequently touted strengths is its decentralization. It’s often claimed that the Bitcoin network offers levels of decentralization, accessibility, and distribution unmatched by any other cryptocurrency. But just how decentralized is Bitcoin in reality? And how do we go about measuring its decentralization? Before delving into these questions, it’s crucial to clarify the concepts of centralization and decentralization, as they are often muddled. To provide a clear definition, the centralization/decentralization dynamic can be understood as the degree of concentration/diffusion of authority among the participants in a system. Here, “authority” refers to the power to influence…
While the SEC continues to increase its pressure on the cryptocurrency industry, its latest target was the US-based cryptocurrency platform Robinhood. At this point it was revealed that the SEC sent a Wells Notice to Robinhood in early May. While discussing the possible effects of the SEC’s Wells Notice sent to Robinhood on the cryptocurrency industry, the latest assessment came from JP Morgan. SEC Will Have to Approve Ethereum ETFs! The SEC’s Wells Notice to Robinhood Crypto is unlikely to block final approval of spot Ethereum ETFs, JP Morgan analysts said, The Block reported. JP Morgan analysts led by Nikolaos…
Hong Kong has taken an important step towards the development of the tokenization market and the use of central bank digital currency (CBDC) by creating a special working group. Hong Kong Forms Industry Community to Advance Wholesale CBDC and Tokenization The Hong Kong Monetary Authority (HKMA), the territory’s de facto central bank, today announced the establishment of “Project Ensemble Architecture Community”. This initiative aims to promote interoperability between CBDC, tokenized money and tokenized assets, and ultimately set standards for the emerging industry. In a statement, the HKMA outlined the key objectives of the working group, which include recommending mechanisms to…
Almost every week lately, it seems there’s a new announcement that the U.S. Securities and Exchange Commission (SEC) has gone after yet another crypto company for alleged securities violations. And the crackdown doesn’t appear to be cooling down anytime soon. Here’s a handy running list to keep track of all crypto-related actions that the SEC has taken of late, including confirmed Wells Notices informing companies of impending enforcement action, reported inquiries, and a recap of some of the biggest lawsuits still in progress. Imminent Enforcement Ethereum Foundation Last week, previously redacted portions of a lawsuit filed by Ethereum software firm…
Silent Protocol, a leader in blockchain privacy technology, has announced its Ghost Layer, an innovative modular Layer 1.5 tailored for Ethereum (ETH), according to the information shared with Finbold on May 7. The new release aims to deliver compliant privacy enhancements to public blockchains, catering to individual and institutional clients alike. The launch also underscores Silent Protocol’s dedication to constructing a compliant and composable framework, allowing institutions to securely and privately leverage Ethereum. Ghost Layer 0VM technology By opening access channels to various execution layers, Ghost Layer allows for easy integration of existing applications into private workflows. It leverages a…