Author: NBTC

Notable crypto community figures are increasingly convinced that XRP will be the next crypto asset to secure an ETF listing, with some issuing immediate timelines to watch. This confidence follows the latest announcement from Grayscale, one of the most prominent crypto asset managers, launching an XRP Trust. On Thursday, Grayscale Investments introduced the Grayscale XRP Trust, providing investors with a new way to tap into XRP’s potential. The trust offers exposure to XRP, and by investing in it, eligible investors can gain access to a protocol with significant real-world applications, according to Rayhaneh Sharif-Askary, Grayscale’s Head of Product. Remarkably, the…

Zanzibar’s government is seeking to support blockchain startups and recently launched a sandbox where they can experiment with new products and services before they launch publicly. At the same time, the Vietnamese government has launched a national blockchain strategy with one bold goal: to become Asia’s blockchain hub. Zanzibar launches blockchain sandbox Zanzibar has launched a sandbox for blockchain startups to spur innovation from local companies and attract innovators from neighboring countries. In its announcement, the Zanzibar government welcomed all startups developing solutions on the blockchain and utilizing other emerging technologies such as AI. However, it revealed it would prioritize…

The crypto market will witness $2.29 billion in Bitcoin and Ethereum options contracts expire today. This massive expiration could impact short-term price action, especially as both assets have recently declined. With Bitcoin (BTC) options valued at $1.94 billion and Ethereum at $344.92 million, traders are bracing for potential volatility. Crypto Options Expiring Today This Friday’s Bitcoin options expiration involves 28,125 contracts, according to Deribit data. For Ethereum, expiring options total 137,866 contracts. These expiring Bitcoin options have a maximum pain price of $69,000 and a put-to-call ratio of 0.92. As the Put-to-call ratio stands below 1, this indicates a generally…

South Korea is launching a CBDC pilot project with plans to use central bank digital currencies for education and welfare vouchers. This initiative is a collaboration between the Ministry of Science and ICT, the Financial Services Commission (FSC), and the Bank of Korea. The project partners signed a memorandum of understanding (MOU) to assess the feasibility of CBDC-based deposit tokens as vouchers for education, culture, and welfare. The project will address limitations of the current voucher system, such as high transaction fees, slow processes, and fraud risks. With the CBDC project, the government aims to create a more convenient and…

The new Grayscale XRP Trust is the first step toward a spot XRP ETF launch, but it would need to go through three more lifecycle stages. As The Crypto Basic reported yesterday, Grayscale Investments, a leading crypto asset management firm, recently unveiled its XRP Trust, giving accredited investors exposure to Ripple’s XRP token. The XRP Trust is an important step toward an eventual XRP Exchange-Traded Fund (ETF), a product that would allow broader public access to XRP investments. However, before the XRP Trust can transform into an ETF, it must progress through four key stages. Four Stages of the Grayscale…

The DePin IoTeX blockchain has just announced the integration with the MetaMask wallet to enhance its set of decentralized physical infrastructures. Thanks to the “snap” function, IoTeX users will be able to improve the accessibility and use of this technology, making it available to the entire community. Specifically, the advantages concern the possibility of sending tokens to web3 domains, converting io and 0x formats, and accessing real-time updates of the chain. Let’s see all the details below. IoTeX enhances DePin functionalities by integrating with the MetaMask wallet The expansion of the MetaMask Snap service IoTeX enhances DePin functionalities by integrating…

Ryan Lee, the chief analyst at Bitget Research, observed that while Bitcoin exchange-traded funds play a major role in driving demand, multiple factors are contributing to Bitcoin’s momentum. Since January 2024, when spot Bitcoin (BTC) ETFs began trading in the U.S., the market has witnessed massive inflows. These investment products have accumulated over $24 billion in net flows—with $5.4 billion in net inflows in October alone. However, Lee told crypto.news that ETFs are not solely responsible for Bitcoin’s bullish trend, as the asset retested the $73,000 mark amid an impressive rebound. Political and technical factors fueling bullish sentiment Lee pointed…

Hong Kong has announced two new partnerships with the central banks of Brazil and Thailand to explore the application of tokenization in cross-border initiatives. The two partnerships are part of Project Ensemble, an initiative the Hong Kong Monetary Authority (HKMA) launched in March to explore a wholesale central bank digital currency (CBDC) and tokenization in the city-state. The central bank followed this up with the launch of the Ensemble Sandbox in August to further support tokenization in the city, with (NASDAQ: MSFT) and HSBC (NASDAQ: HSBC) joining the first cohort of participants. This week, the HKMA announced that it had…

The European-based crypto arm of online brokerage platform Robinhood dedicates an X thread to discuss Shiba Inu. The post, titled “Let’s Talk SHIB—One of Crypto’s More [Most] Popular Stories,” detailed a brief summary of Shiba Inu’s launch and its community-driven success. Robinhood Highlights Shiba Inu’s History Robinhood Crypto Europe stated that a pseudonymous developer, Ryoshi, created Shiba Inu on July 31, 2020. According to Robinhood, Shiba Inu launched on this date with an initial supply of 1,000,000,000,000,000 (1 quadrillion) tokens. Notably, Robinhood mentioned how Ryoshi gifted half of Shiba Inu’s supply (500 trillion SHIB) to Ethereum’s co-founder, Vitalik Buterin. Per…

Lista DAO has recently announced the integration of Chainlink Price Feeds of the top decentralized blockchain Chainlink. The integration targets to enhance the security and dependability of the market data of Lista DAO for many key assets. The platform took to its official social media account to disclose this significant upgrade. .@lista_dao has upgraded to #Chainlink Price Feeds on @BNBCHAIN to support secure markets around ezETH, STONE, weETH, and wstETH.Tamper-proof market data delivered by Price Feeds significantly enhances the reliability of Lista DAO’s liquid staking solution. pic.twitter.com/FoaJhFsZjF — Chainlink (@chainlink) November 5, 2024 Lista DAO Incorporates Chainlink Price Feeds, Offering…