Author: NBTC
Stellar network leads the finance revolution with tokenization, digitizing real-world assets for faster transactions. Major institutions like WisdomTree and Franklin Templeton adopt Stellar for cost-saving tokenization benefits. Stellar has emerged as a frontrunner in tokenizing real-world assets (RWAs). Stellar transforms traditional finance by putting tangible and intangible assets on the blockchain through its creative strategy and strategic alliances. Tokenization is a key driver of the transition of the financial landscape brought about by blockchain technology. It marks a major shift from conventional systems by making it easier for Real World Assets (RWAs) to migrate onto the blockchain. Stellar, one of…
The UK’s market regulator will now permit certain authorized exchanges in the UK to create special market segments where specific types of investment crypto products can be bought and sold. However, these market segments will only be accessible to professional investors, such as investment firms and banks that are licensed to operate in financial markets. The Financial Conduct Authority (FCA) has updated its position on cryptoasset-backed Exchange Traded Notes (cETNs) for professional investor, allowing Recognised Investment Exchanges (RIEs) to establish dedicated UK-listed market segments for these products. RIEs will be required to ensure that adequate controls are in place to…
In the ever-evolving landscape of blockchain technology, combating the exploitation of Maximal Extractable Value (MEV) has emerged as a critical concern. Da Hongfei, the Founder of Neo, stands at the forefront of addressing this pressing issue. With over a decade of experience since founding Neo in 2014, Da Hongfei brings unique insights into how blockchains can prevent malicious actors from profiting off MEV, while driving security for users.—Recent reports have shed light on the alarming magnitude of MEV, with malicious actors opportunistically siphoning over $5.5 million in profit from Ethereum alone in the past 30 days. Against this backdrop, Da…
Analysts highlight the significant concentration of call options for Bitcoin, set to expire at the end of March, with a strike price of $70,000. This information, provided by Bitfinex‘s Head of Derivatives Jag Kooner, suggests a growing optimism regarding Bitcoin’s (BTC) value. Derebit’s Top Volume By Instrument Chart | Source: Derebit Kooner notes that the put-call ratio, a key indicator of market sentiment, has consistently remained below 0.6 for the first time in six months, indicating a bullish outlook among traders. The global put-call ratio for Bitcoin options now stands at 0.6, according to The Block’s Data Dashboard. A ratio…
Several NFT collections created by industry giant Yuga Labs have sunk to all-time low ETH valuations—at the same time that other NFT projects, including those acquired by the company, have grown in value on the wings of booming crypto prices. Mutant Ape Yacht Club (MAYC), for example, a collection released by Yuga in August 2021, has fallen to an all-time-low floor price of 2.4 ETH, according to CoinGecko—meaning the cheapest NFT in the 20,000-piece PFP collection can be acquired for that price. It cost 3 ETH to mint a Mutant Ape when the collection first debuted. Similarly, Otherdeed NFTs—deeds for…
Cryptocurrency journalist Eleanor Terrett recently shared some thoughts on the approval of Ethereum spot ETFs by the Securities and Exchange Commission (SEC). Once-high optimism about the SEC approving Ethereum spot ETFs by May 23 is now waning, according to the journalist. In recent weeks, meetings between companies, asset custodians and the SEC have been largely one-sided. Companies and custodians are trying to mobilize SEC officials to start the process, but officials are not stepping in in any meaningful way as they did with Bitcoin spot ETF applications. The reason behind this lack of engagement is believed to be due to…
As interest in Shiba Inu continues to gain momentum, Localcoin has presented an opportunity for Australian users to purchase SHIB from over 160 ATMs in the country. Leading crypto ATM provider, Localcoin has announced that Australian residents can purchase Shiba Inu (SHIB) at over 160 Bitcoin ATMs. In addition, users can buy Tether (USDT) at any of the Localcoin ATMs in Australia. The company made the announcement in an X post yesterday, emphasizing that it now has wider coverage in Australia. Calling all Australian users. You can now buy Tether (USDT) and SHIB Inu (SHIB) in 160+ Localcoin Bitcoin ATMs!…
Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh price milestones. Mining Stocks Tumble on Nasdaq Nasdaq-listed bitcoin (BTC) miners are experiencing a downturn on Thursday, despite the premier cryptocurrency achieving new highs against the U.S. dollar. BTC soared to $72,486 on Monday, Mar. 11, 2024, yet shares of most bitcoin mining companies have decreased in value following a brief recovery last week. Last week,…
The creator of BRC-20 (Bitcoin Request for Comment 20), Domo, has announced his non-profit foundation is now dedicated to the governance of the BRC-20 protocol. This organization, known as the Layer 1 Foundation (L1F), will collaborate with Ordinals companies such as Unisat and Best In Slot to oversee the protocol’s maintenance, according to a press release sent to Bitcoin Magazine. “The goal is to support the growth of Bitcoin metaprotocols on Ordinals and beyond,” said BRC-20 Creator, Domo. “BRC-20 was an early experiment—but we’re seeing a wave of standards that need tools, infrastructure and support to thrive. We hope to…
As the results from Super Tuesday races across the US trickle in, some of the financial contributions from several crypto-focused political action committees appear to have paid off. Congressional hopefuls from Texas, California, North Carolina, Alabama, Indiana and West Virginia accepted eleventh-hour help from crypto-geared super trio PAC Protect Progress, Fairshake and Defend American Jobs — and many of them appear to be winning. In what appears to be a successful use of funds, Fairshake doled out more than $10.1 million in recent weeks on advertisements and air time against Rep. Katie Porter in California’s open primary for a US…