Author: NBTC
Decentralized finance (DeFi) lender TrueFi has announced plans to launch a real-world-asset-based (RWA) lending platform called Trinity. The platform aims to increase utility for its tokenized U.S. Treasury offering. Trinity will allow users to take out crypto loans using tokenized RWAs as collateral. TrueFi’s Treasury bill token (tfBILL) will be the first, with plans to add other yield-generating tokenized products in the future, according to a TrueFi governance proposal by ecosystem developer organization Wallfacer Labs. Investors will be able to borrow the platform’s TRI token by pledging the tfBILL tokens and use the borrowed crypto to create DeFi strategies to…
If you’re curious about emerging tech, it’s harder to imagine a cooler job than Allison Duettmann’s. She’s the CEO of the Foresight Institute, a think tank founded in 1986 that’s devoted to advancing science and tech that’s arguably undervalued — fields like nanotechnology, space exploration, and harnessing cryptography to build safer AI. Allison Duettmann is speaker on the AI Stage at Consensus 2024, in Austin, Texas, May 29-31. Duettmann lives in the world of Big Future Ideas. She’s the coauthor of “Gaming the Future: Technologies for Intelligent Voluntary Cooperation”; she’s the founder of Existential Hope (with a mission of “Thinking…
The Bitcoin (BTC) halving on April 19th has catalyzed a wave of predictions about the cryptocurrency’s future price trajectory. While the prevailing sentiment leans towards an imminent price increase, data analytics firm Santiment advises caution and urges a more nuanced approach to market analysis. Instead of adopting conventional methods like merely counting days post-halving or calculating potential percentage growth, Santiment employs a multifaceted analytical approach. The firm delves deep into both historical and potential future events, emphasizing the importance of behavioral analysis within the market. Understanding Market Behavior Through Key Metrics Santiment’s analysis focuses on three pivotal metrics to gain…
The Swiss National Bank’s (SNB) chairman of the governing board, Thomas Jordan, noted that the bank is exploring best ways to tokenize financial assets. Speaking at an event in Basel on Monday, Jordan noted that the Swiss National Bank is investigating alternative options to its wholesale CBDC. Outlining pros and cons of wholesale CBDC, Jordan said SNB is conducting live pilots as part of Project Helvetia III. The project was first launched in December 2023. In the project, participating banks can use Swiss franc wholesale CBDC to settle transactions with tokenized bonds on SIX Digital Exchange (SDX). “Settlement in central…
After the revolutionary announcement, the price of JASMY skyrocketed by 12%. This growth reflects market excitement about the collaboration between JASMY and Panasonic and signals anticipation for advances in Internet of Things technologies. The partnership aims to connect decentralized databases with IoT devices based on Jasmy’s advanced Personal Data Locker (PDL) technology and Panasonic’s IoT expertise. Together, they are planning a revolutionary platform that will transform the management and use of data in the IoT ecosystem. The upcoming IoT platform, a collaboration between JASMY and Panasonic, offers many features designed to push the boundaries of blockchain and IoT integration. Agile…
In an era where blockchain technology continuously reshapes financial and data landscapes, significant strides are being made to enhance its infrastructure and accessibility. A landmark partnership has been announced that is set to push the boundaries of blockchain’s capabilities even further. Massa Labs, known for its innovative approaches to decentralized ledger technology, has joined forces with the Starknet Foundation, a key player in the development of scalable and efficient blockchain solutions. 🎉 MASSA x STARKNETWe’re thrilled to announce a newly signed partnership between @StarknetFndn and @MassaLabs aimed at developing innovative block access methods 🚀, enhancing data transfer efficiency 💾, and…
Hong Kong Securities and Futures Commission (SFC) has approved three spot Bitcoin and Ethereum exchange-traded funds (ETFs) that will start trading on April 30. According to a recent social media post by Bloomberg Intelligence ETF analyst James Seyffart, the issuers of the ETFs have revealed their fees, including one as low as 0.3% after a six-month waiver. A potential fee war could break out in Hong Kong over these #Bitcoin & #Ethereum ETFs. Harvest coming in hot with a full fee waiver and the lowest fee at 0.3% after waiver. Tables are from my colleagues @RebeccaSin_SK & @thetrinianalyst! pic.twitter.com/zI1XobrTwZ —…
ETFS Capital has called for changes in WisdomTree’s leadership, urging shareholders to vote against the re-election of certain directors. In a statement shared with Cryptonews.com, ETFS Capital expressed concerns about WisdomTree’s current board and management, suggesting that significant changes are needed to increase shareholder value. ETFS Advocates Voting Against WisdomTree Board The statement opposed the strategic direction of WisdomTree, emphasizing the company’s persistent undervaluation due to its board’s decisions. ETFS criticized the board for not exploring potential strategic options, including the sale of the business or other significant changes that could enhance shareholder returns. “ETFS believes that WisdomTree trades at…
The Solana ecosystem has been consolidating itself as a profitable environment for ‘smart traders’ and lucky speculators. Following this trend, a trader invested $35,000 worth of Solana (SOL) to buy a meme coin stash now worth over $10 million. Notably, the Solana account ‘5We8d…qP5GY’ purchased 4.41 billion of a token called “cat in a dogs world” (MEW). For that, the trader spent 178.2 SOL, worth $35,000 when Lookonchain reported the accomplishment on X (formerly Twitter). This purchase happened on March 26, at 5:23 am (UTC) and Lookonchain posted at 7:16 am (UTC). At that time, MEW was priced at $0.002023…
In the legal showdown, Ripple does not back off from brushing off the SEC’s highly controversial evidence to present in court. Here’s the real story behind it: Fox’s Role in the Case James K. Filan, a veteran defense lawyer, reported that Ripple filed a letter in support of its April 22, 2024, request to strike new expert materials and in response to the SEC’s April 29, 2024, opposition. Ripple also claimed that the SEC should have presented Fox’s declaration during the discovery phase since she was an expert witness. Ripple claims Fox is an expert witness because his accounting skills…