Author: NBTC

BitcoinOS released its whitepaper presenting innovative solutions addressing Bitcoin’s scalability and smart contract limitations. The innovations include BitSNARK technology and Grail Rollup Bridges, facilitating seamless communication and asset movement between Bitcoin (BTC) and other blockchains. Though not explicitly mentioned in the whitepaper, CASTL is a shared infrastructure concept that ensures the security and interoperability of these projects within the Bitcoin ecosystem. Unlike alternative approaches that create separate sidechains for defi on Bitcoin, BitcoinOS focuses on leveraging Bitcoin’s inherent capabilities for complex transactions and defi applications directly secured by the Bitcoin network. The whitepaper aims to assist in reaching Bitcoin’s potential…

Joachim Nagel, President of the Deutsche Bundesbank and a member of the ECB, emphasized the urgency for central banks to reassess their business models and swiftly adopt central bank digital currencies (CBDCs). Speaking at a high-level panel during the Bank for International Settlements (BIS) Innovation Summit on May 6, Nagel expressed concern over the uncertain future facing central banks. He noted a significant shift in perspective, saying: “If you would have asked me 20 years ago if the central bank business model was destroyable or not, I would have said no. Now I am not so sure anymore.” Nagel stressed…

Portuguese data protection watchdog CNPD has ordered Worldcoin (WLD) to halt biometric data collection for 90 days. That follows massive complaints from citizens within the past month. PORTUGAL’S DATA REGULATOR SAYS IT RECEIVED DOZENS OF COMPLAINTS ABOUT WORLDCOIN IN THE LAST MONTH – STATEMENT #News #Markets #live — Capital Hungry (@Capital_Hungry) March 26, 2024 The regulator has yet to confirm the reason behind the suspension, but it seems to involve legal developments. Some experts speculate that CNPD could use the three months for detailed discussion with the WLD team. Worldcoin continues to face regulatory challenges amid its global expansion. For…

Nimble Network is excited to unveil its collaboration with Laika, the First Web3 AI Super App. This marks a milestone in the evolution of decentralized artificial intelligence solutions. Nimble Network and its partner are celebrating this partnership by launching the Nimble Point quest, which challenges users to utilize their concepts. We’re proud to announce a new partnership with @Laika_ai 🔥To celebrate, we have launched the Nimble Point quest. Earn your rewards at https://t.co/qWueemNvDX⚡️LaikaAI is a revolutionary browser extension that integrates advanced on-chain AI tools leveraging artificial… pic.twitter.com/xfKX3t3k2h — Nimble Network (@Nimble_Network) May 6, 2024 LaikaAI Revolutionizes Crypto Landscape with On-Chain…

Bitcoin’s price stood tall above $66,000 for a few days and even challenged $67,000 on a couple of occasions but to no avail. The subsequent rejection brought enhanced pain for the bulls and over-leveraged traders with long positions, as the total value of liquidations on a daily scale has soared to more than $200 million. However, the altcoins also have a big say in this, as most have plummeted even more than bitcoin. Last week was quite painful for the primary cryptocurrency as the asset plunged below $60,000 on two separate occasions amid the ongoing growing tension between Iran and…

Goldman Sachs economists announced that they continue to predict two interest rate cuts this year, with the Federal Open Market Committee (FOMC) meeting “mostly uneventful but dovish”. The FOMC added a hawkish assessment to its statement that “no further progress has been made” on inflation so far this year. However, according to economists led by Jan Hatzius, President Powell gave a dovish message at the press conference. “Our forecast remains unchanged and we continue to expect two rate cuts in July and November this year,” they added. Economists emphasized that the most striking aspect of Powell’s speech was that he…

Stellar organized a dogfooding Soraban experiment involving coding and non-coding staffs. The experiment ultimately helped enhance the UI and UX of the Soraban smart contract network. In February, the Stellar Development Foundation (SDF) conducted a dogfooding experiment that permitted all employees to write, deploy, and invoke smart contracts on Soroban. How the Stellar Soroban Experiment Performed As noted in a blog post released by Stellar developers, central to the Stellar Soroban experiment was Okashi, the web-based platform for smart contracts developed specifically for the recently introduced Soroban protocol. To make the process entertaining, SDF and Okashi created “The Okashi Cakewalk,”…

Web3 cross-chain protocol Axelar has announced over 60 chains including Stacks, Moonriver, Hedera Network and Iron Fish have joined a devnet-phase pilot of Interchain Amplifier. In an announcement, Axelar said the Interchain Amplifier is a smart-contract-based developer toolkit that makes new-chain integrations permissionless by automating routing and translation across Axelar’s blockchains. Axelar is a decentralized interoperability network connecting all blockchain ecosystems, and applications. Axelar is backed by Binance, Coinbase, Dragonfly, Galaxy and Polychain. The network claims Interchain Amplifier is the first service of its kind to allow permissionless connectivity across major blockchain networks including Bitcoin, Ethereum, EVM chains, IBC, Hedera…

Morgan Stanley is reportedly considering allowing its brokers to recommend Bitcoin ETFs to clients, signaling a significant shift in its cryptocurrency stance. The move follows the introduction of spot Bitcoin ETFs by major financial institutions like BlackRock, Grayscale, and Ark Invest. “We are laying the groundwork for potentially transformative changes to our investment recommendations,” said a senior executive at Morgan Stanley. This article explores Morgan Stanley’s potential policy shift to allow broker recommendations for Bitcoin ETFs, detailing the implications for investors and the broader financial landscape. Strategic Shift in Brokerage Recommendations Morgan Stanley, a leading global financial services firm, is…

President Joe Biden recently brought taxes – capital gains taxes – into the forefront of the discussion with a budget plan that immediately proved a hot topic of discussion. The plan would entail raising the maximum capital gains tax rate to an unprecedented 44.6%. For comparison, the rate started off at 7%, rose to 12.5% with the introduction of the Revenue Act in 1921, and only briefly stood at the previous record of 40% under President Carter. Biden’s proposal also made a stir as it included another unprecedented element: an unrealized gains tax that would affect investors worth more than…