Author: NBTC
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…
Bitcoin rose to $73,600 on Tuesday, breaking above resistance around $70,000. Despite this rally, Caleb Franzen, founder of Cubic Analytics, believes Bitcoin is still preparing for a breakout. Franzen sees the recent BTC price action as encouraging in the short term and a sign of an upcoming bull run. During the Thinking Crypto podcast, Franzen explained that the lack of a Bitcoin breakout is similar to the stock market’s situation, where the NASDAQ 100 is close to reaching new all-time highs. He predicts a significant follow-through if Bitcoin and the NASDAQ break out as expected. Franzen maintains that Bitcoin will…
The global economy is a tangled disaster right now. At the center of it all is de-dollarization, Russia, and the very real possibility of Trump returning to the White House. Picture this: a world no longer bowing to the U.S. dollar. That’s what’s on the line as countries from Russia to China to an entire coalition of Southeast Asian nations start peeling away from America’s currency dominance. Trump 2.0? He’s all set to launch tariffs and restrictions like never before if these countries keep trading in their own money. This setup has huge implications, not only for America and its…
According to the recent update shared by the Shibburn wallet tracking service, during the last day, one of Shiba Inu’s major metrics – the burn rate – has demonstrated a large increase, going up by several hundred percent. This happened thanks to millions of these meme coins transferred to burn blockchain wallets overnight. Meanwhile, the Shiba Inu price has also staged a substantial increase. SHIB burn rate jumps 340% The mentioned SHIB tracking platform has shared that in the last 24 hours, the daily SHIB burn rate has managed to promptly grow by massive 340.27%. The number of the meme…
Dedium Network has announced a new partnership with Huawei where it will use its cloud infrastructure to build a decentralized computing system on Cardano. Dedium allows GPU owners to rent out their computing power to those in need, usually in the AI sector, and get compensated for it. Dedium Network, a startup building a decentralized computing system on Cardano, has announced a new partnership with Chinese tech giant Huawei. Under the partnership, Dedium will deploy its services using Huawei’s cloud infrastructure. The world has never been in a more dire need of computing power. The rise of AI has pushed…
Mt. Gox, once the world’s largest Bitcoin exchange before its infamous collapse in 2014, recently moved 500 Bitcoins (BTC), valued at approximately $35.04 million. The transfer has led to speculation about whether this action is part of an anticipated creditor repayment plan or signals an imminent sell-off, potentially impacting Bitcoin’s value. While the price of Bitcoin dipped by 4% in response, investors remain uncertain about the transfer’s intentions. Recent blockchain data from Arkham Intelligence reveals that Mt. Gox transferred 500 BTC to two separate addresses. Of this, 31.78 BTC was directed to one address (bc1qn2…qqn94s), while a much larger sum…
Markets are in action as early election results favoring Donald Trump fuel gains across stocks and crypto. S&P 500 futures are up, Treasury yields are surging, and the dollar’s on track for its biggest win since 2020. With two-thirds of US state election results now, S&P futures rose 1.2%, while US 10-year yields jumped to a four-month high of 4.44%. Bitcoin (BTC) joined the rally, spiking by over 8% to hit a new record touching $75,000 for the first time. Investors were betting big on Trump’s win against Harris. Reportedly, Bitcoin has delivered high post-election returns as it gained 87%,…
Ripple CEO Brad Garlinghouse reacts positively to the news of Grayscale launching an XRP Trust. Yesterday, leading crypto asset manager Grayscale Investments gave accredited investors direct exposure to XRP by launching the first XRP Trust, a closed-end fund that holds only XRP. Interestingly, the asset manager revealed plans to convert the XRP Trust to a spot ETF in the future. Ripple CEO Reacts in Shock As expected, the recently launched XRP Trust triggered positive reactions among XRP proponents, including Ripple CEO Brad Garlinghouse. A tweet from Garlinghouse highlighted his shocking reaction to Grayscale’s introduction of the U.S.’s first XRP Trust.…