Author: NBTC
A trade association for the world’s airlines is set to integrate the digital yuan into its billing systems by the end of 2024 to enhance payment options. The International Air Transport Association plans to incorporate China’s central bank digital currency — also known as digital yuan or e-CNY — into its billing and settlement systems by the end of 2024, reflecting the growing adoption of digital currencies in global finance. In a Times Aerospace report on Oct. 29, IATA’s senior vice president for financial settlement and distribution services Muhammad Albakri emphasized the need for adaptation in response to evolving payment…
AltLayer represents a decentralized protocol aimed at improving rollups by introducing the concept of Restaked Rollups. This approach provides rollups, derived from various rollup stacks like Optimism, Arbitrum Orbit, and others, with increased security and decentralized functionalities. The network’s native token, ALT, is set to be available on Binance, giving users access to its suite of offerings. The article delves into AltLayer’s components, including the ALT coin’s role and acquisition process. Contents hide 1 What Does AltLayer Offer? 2 How Does ALT Coin Function? What Does AltLayer Offer? AltLayer facilitates the creation of both native and restaked rollups using Optimism…
Anthony Scarramucci emphasizes that Bitcoin is a store of value, arguing that it would close in on gold’s $17 trillion market cap. SkyBridge Capital co-founder and managing partner Anthony Scaramucci has predicted that Bitcoin will hit $150,000 to $200,000 soon enough. In an interview with the Schwarb network, the crypto OG noted that this would happen as the number of Bitcoin wallets hits 1 billion. Notably, Bitcoin wallets are currently on the rise amid a surge in adoption. Data from Chainalysis shows there were over 460 million Bitcoin wallets as of March 2024, with 10% of them holding at least…
Ethereum price started a fresh increase above the $2,580 resistance. ETH is still very far from a new all-time high while Bitcoin is near ATH. Ethereum started a decent increase above the $2,620 zone. The price is trading above $2,580 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2,530 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to rise if it clears the $2,650 and $2,680 resistance levels. Ethereum Price Climbs Slowly Ethereum price formed a base above the $2,465 level and started a fresh…
In a recent open letter, Paxos CEO Charles Cascarilla expressed concerns that the United States risks falling behind in global finance without adopting stablecoin technology. Addressed to current presidential candidates, Vice President Kamala Harris and former President Donald Trump, the letter warned that outdated financial systems could lead the U.S. into economic decline, describing this potential scenario as a “Rust Belt of financial services.” Cascarilla highlighted the inefficiencies within traditional financial systems, noting that millions of Americans remain unbanked or underbanked despite rapid technology adoption worldwide. You might also like: Kingdom of Bhutan deposits $66m in Bitcoin on Binance Stablecoins…
In a cryptic tweet, major cryptocurrency exchange Gemini hinted at a possible listing of the popular memecoin Dogwifhat’s $WIF Token. The tweet, simply stating “Get wif it,” has been widely interpreted as a nod to the Solana-based meme coin. This potential move by Gemini comes as $WIF continues to see its value skyrocket since its humble beginnings in November 2023. The prospect of a Gemini listing marks another milestone in $WIF’s meteoric rise from obscurity to becoming a billion-dollar meme coin phenomenon. Get wif it https://t.co/qYUSCdMVfF pic.twitter.com/fkdMl08Drf — dogwifcoin (@dogwifcoin) September 17, 2024 Dogwifhat’s Journey: From Pennies to Dollars Dogwifhat’s…
Long-term holders sold early, reducing Bitcoin’s typical post-halving surge. Supply pressures from Mt.Gox repayments and government BTC sales weigh on prices. Analyst Crypto Rover predicts a potential breakout, targeting $100K to $120K. Bitcoin (BTC) has seen a rough time recently, failing to reach its expected all-time high since the last halving. The cryptocurrency’s price has dropped by 10% and currently hovers around $57.2K. This marks Bitcoin’s longest delay in achieving a new peak post-halving, as strong interest rates and supply issues weigh on its price performance. Bitcoin’s Halving Cycle Faces Delay Historically, Bitcoin has shown a tendency to skyrocket after…
With a rising channel on the weekly chart and a short-term spike in buying pressure, will Ethereum cross the $6,000 mark this November? As the crypto market bull run continues and Bitcoin prepares for a new all-time high, Ethereum shows a V-shaped recovery gaining momentum. Positioned to reach crucial resistance near $2,750, Ethereum is on the brink of a significant breakout rally. Will the biggest altcoin surpass this critical threshold for a price jump to cross the $3,000 mark? Let’s find out. Ethereum Against the Local Resistance In the daily chart, Ethereum shows a falling channel pattern. However, the altcoin…
BRASILIA, Oct 29 (Reuters) – Brazil’s net imports of crypto assets in the nine months through September 2024 increased by 60.7% over the same period last year, already exceeding the full-year total for 2023, central bank data showed on Tuesday. The surge in Brazil’s crypto market, the world’s tenth-largest according to blockchain analytics firm Chainalysis, was fueled by a significant increase in so-called stablecoins – which are pegged to real-world assets like the U.S. dollar. These stablecoins accounted for nearly 70% of all crypto transactions in the country this year, according to tax revenue service data. Central bank chief Roberto…
Gold tokenization is set to launch on Cardano through a partnership between founding partner EMURGO and Kinka Gold (XNK), a subsidiary of a Japan-based neo-finance services firm. EMURGO announced the latest collaboration in an official press release today. The report revealed that Cardano’s blockchain ecosystem will soon integrate its first major gold-backed token, XNK, with EMURGO serving as its technology partner. Gold Tokenization Coming to Cardano Notably, the rapid growth of blockchain adoption is transforming the financial landscape. As institutions worldwide increasingly recognize the potential of on-chain economies to disrupt traditional money markets, there is a growing focus on using…