Author: NBTC
Portal uses Bitcoin layer-2 network Lightning to allow users to convert assets like ETH into BTC by the use of atomic swaps. As well as introducing greater utility to Bitcoin, Anduro may present an opportunity for further revenue streams for miners, hence Marathon’s involvement. Anduro, a multi-chain layer-2 network incubated by bitcoin miner Marathon Digital Holdings (MARA), has incorporated the decentralized exchange (DEX) network Portal to Bitcoin – formerly known simply as Portal – with the goal of enhancing utility on the world’s oldest blockchain network. Publicly-traded Marathon began incubating Anduro in February as a “platform built on the Bitcoin…
The head of digital assets research at VanEck, Matthew Sigel, is outlining how Ethereum (ETH) could reach a price of $154,000, which the asset manager set as the bull case target in a report released weeks ago. In a new interview on Bankless, Sigel says that Ethereum could reach a six-figure price by increasing its market share. “In that case, ETH would be capturing 90% of all smart contract value intermediation… so the penetration rates get pretty chunky, so Ethereum essentially accounts for 15% of the total financial markets. And then 50% of the advertising market hosted on open-source blockchains.…
Key Points: The Swiss National Bank extends its wholesale CBDC pilot for two more years due to “very successful” progress. The extension aims to attract more financial institutions and expand the use of wholesale CBDC in financial transactions. SNB’s move positions Switzerland as a central bank digital currency innovation leader. Antoine Martin, a member of the Swiss National Bank’s Board of Directors, delivered an important update regarding the CBDC pilot initiative. The SNB has confirmed that it will extend its pilot issuance project of wholesale CBDC by at least two more years. The extension came after noting the very positive…
The Japan and Korea Fund is part of the 1 billion XRP pledge from Ripple, which focuses on providing financial, technical, and business support to projects building on XRPL. According to a press release today, Ripple has launched a new fund focused on bolstering innovation on the XRP Ledger (XRPL) in the Japan and South Korean markets. Dubbed the XRPL Japan and Korea Fund, the new commitment will support multiple initiatives fostering innovation on XRPL in both countries. Major Focus of the Fund The new fund will focus on four distinct areas. First, it will enhance partnerships with top Japan…
The XRP community is crying foul over the SEC’s perceived favoritism towards Ethereum, sparking outrage and calls for legal action. The controversy stems from the SEC’s recent decision to drop its lawsuit questioning Ethereum’s security status, shortly after approving a spot Ethereum ETF. This move has drawn stark comparisons to Ripple’s ongoing legal battles with the SEC, fueling accusations of regulatory inconsistency. Ethereum’s second free pass from the SEC almost exactly 6 years after the Hinman free speech. Ethereum’s and Ripple’s different treatment will forever show how arbitrary the SEC has been in crypto. https://t.co/Coxf6czO9r pic.twitter.com/WNcacVYhNE — bill morgan (@Belisarius2020)…
The popular meme cryptocurrency Dogwifhat (WIF) may soon be listed on the large U.S. centralized trading platform Robinhood. This was hinted at by Bitstamp in a post on social network X. Thus, the European exchange, which will soon be under Robinhood’s umbrella following the latter’s acquisition announcement earlier this month, responded to questions about WIF’s price and availability on Robinhood US, suggesting that the current price of $2.06 is just the beginning, with an imminent listing hinted at. ⏳ ⏳ — Bitstamp (@Bitstamp) June 19, 2024 Robinhood’s move to buy Bitstamp, a big player on the European crypto exchange scene…
Prague, Czech Republic — Marinade, Solana’s pioneering non-custodial liquid staking protocol, has launched the Stake Auction Marketplace (SAM), an innovative public auction platform. SAM allows validators to bid for staked SOL, aligning the interests of SOL stakers, validators, and the broader Solana ecosystem.—What is SAM? SAM revolutionizes staking by enabling Marinade users to earn all staking rewards while boosting yields. Traditionally, stakers must manually track validator performance, risking security and rewards when validators underperform or change commissions. Marinade V2 addresses these issues, making staking simpler, safer, and more accessible.Key Features of the Stake Auction Marketplace (SAM)Automated Delegation: Stakers can automatically…
Jack Mallers, the CEO of Strike, a Bitcoin (BTC) payments app, has made bold predictions about the price of the orange coin. Bitcoin could hit $1 million this bull cycle, he predicts. In a recent podcast with Anthony Pompliano on his YouTube channel, Mallers doubled down on his prediction that Bitcoin could reach $1 million per coin in the current market cycle. “We’re still so early in the Bitcoin story,” he said. “I think Bitcoin will hit $250,000 to $1 million in this cycle.” Mallers outlined several key factors driving Bitcoin’s potential ascent to these remarkable heights. He pointed out…
The upcoming launch of the Ethereum (ETH) Spot ETF on July 1, 2024, has created a buzz in the crypto markets. This ETF is expected to bring the second-largest cryptocurrency by market capitalization into mainstream brokerage accounts and attract institutional investors. What is the Ethereum (ETH) ETF? An exchange-traded fund (ETF) is an investment vehicle traded on stock exchanges that holds assets such as stocks, commodities, or bonds. The ETH Spot ETF is distinct because it is directly backed by Ethereum, meaning it holds actual ETH in its reserves. This setup allows investors to gain exposure to Ethereum’s price movements…
Stablecoin issuers are the world’s 18th biggest holders of U.S. debt. Of the many crypto bills in the U.S. political corridors, stablecoin legislation has been the closest to moving past the U.S. Congress to become law. Stablecoin issuers are fast emerging as a significant source of demand for the U.S. Treasury notes as concerns about Washington’s debt management grow. ‘According to data tracked by Tagus Capital, issuers now cumulatively hold more than $120 billion in U.S. Treasury notes. That makes them the world’s 18th largest holders of U.S. debt, ahead of major current account surplus nations like Germany and South…