Author: NBTC
SINGAPORE – SG Forge, a subsidiary of Societe Generale, will roll out euro stablecoin EUR CoinVertible (EURCV) on the Solana blockchain, the French financial services firm said Friday. SG Forge launched EURCV on the Ethereum blockchain last year as a highly regulated, euro-centric alternative to top dollar-linked stablecoins from Tether and Circle. It has struggled to catch on: EURCV has only 28 holders, 154 lifetime transactions and an issuance of 33 million, according to its Etherscan page. The Solana debut will test whether crypto users have any appetite for Euro-linked stablecoins on a faster and cheaper network, two attributes SG…
Franklin Templeton has received approval from the Luxembourg regulatory authority (CSSF) to launch the first fully tokenized UCITS fund on a public blockchain. It will be the first fund of this type for an asset manager based in Europe. Franklin Templeton pushes the fintech world on blockchain The first Franklin Templeton fund tokenized on blockchain Tokenization: all the advantages The comments Franklin Templeton pushes the fintech world on blockchain Franklin Templeton is a company from the United States, founded in New York in 1947, but also active in Europe. It is now headquartered in California and has more than 1.6…
A French national placed significant bets on Polymarket, a popular crypto-based prediction market, speculating on Donald Trump’s chances in the upcoming U.S. presidential election. As highlighted by Lookonchain, Trump holds a 63.9% probability of winning, as per Polymarket data. This investor’s move to buy $4.48 million in “Yes” shares reflects a strong belief in Trump’s victory, a position made eight hours after withdrawing $3 million USDC from the OKX crypto exchange. The sizable wagers placed on Trump’s win have fueled discussions on social media, raising questions about the influence of these large bets on prediction market dynamics. According to Polymarket,…
SINGAPORE — An early version of Jump’s highly anticipated Solana validator, Firedancer, is live and contributing to the performance of the Solana blockchain, Jump’s Chief Science Officer Kevin Bowers said Friday. Speaking onstage at Solana’s Breakpoint conference, Bowers shed light on an “open secret” in Solana’s validator community: Some of the computing power underpinning Solana is running “Frankendancer” software that combines predominant validator tech with new contributions from Jump. Blockchain validators ingest transactions and construct blocks – the most essential process in running a blockchain. Most networks have a single validator client. Solana’s plan to have two fully independent validators…
Astria, a blockchain project describing itself as the “first decentralized shared sequencing layer,” has launched the main network for its alpha release. The project is among those aiming to decentralize blockchain “sequencers” – the component of a layer-2 network that compiles transactions happening on the secondary network, in order to record them on a main layer-1 blockchain, like Ethereum. Metis, a layer-2 network for Ethereum, has developed its own decentralized sequencer, for example. But Astria’s sequencing layer could be used like a modular plug-in for other networks, as an alternative to a centralized sequencer – sometimes seen as a bottleneck,…
Bitcoin (BTC) crashed below the $55,000 price level in what some analysts believe is a bear trap. If these analyses play out, the leading cryptocurrency could soon revert its downtrend into a bullish outlook for new highs. One of these technical analyses examines a bull diamond chart pattern shared yesterday on TradingView by The ForexX Mindset. This formation usually appears after a prolonged downtrend and marks a key moment for a possible reversal. According to the trader’s analysis, Bitcoin now shows a bullish diamond in the three-day price chart, but there is more. The ForexX Mindset warned of a bear…
Russian banks, particularly smaller ones, are unhappy about the high cost (between $1.25 million and $2 million) of integrating with the central bank’s digital ruble platform. This cost is seen as prohibitive for many banks, exceeding their IT budgets. The central bank has mandated different deadlines for various bank categories to offer digital ruble services, with smaller banks having the latest deadline in 2027. Larger Banks to Fully Integrate by Mid 2025 Russian banks have complained about the high “entry” cost of working with the central bank digital currency (CBDC). Local experts say the cost of connecting to the digital…
SunPump, the first meme coin platform on the Tron (TRX) blockchain, has teamed up with DWF Labs, a Web3 investor and market-maker based in Dubai, to improve the liquidity of the SUN token across the board. Following the announcement, the TRX price jumped a substantial 8%. In an X post (formerly Twitter), SunPump confirmed the news on Friday, stating that the partnership with DWF Labs will lead to “smoother trading and increased accessibility for SUN, fostering a more dynamic market presence.” The Tron-based platform further added: “By working with DWF Labs, a leading market maker in the crypto space, we…
During the Hong Kong Fintech Week, we interviewed the Co-founder of Chainlink, Sergey Nazarov, with whom we talked, of course, about blockchain, but also about AI. The new tools of Chainlink Chainlink and Swift: a close relationship Chainlink and the future of DeFi The relationship between blockchain and AI The new tools of Chainlink The protocol Chainlink launched the Blockchain Privacy Manager a few weeks ago, a tool that is used to make transactions even more private. Together with this tool, Chainlink has also recently announced the CCIP to execute cross-chain transactions protecting the privacy of sender and recipient thanks…
A widely followed crypto analyst is warning that Bitcoin (BTC) could plummet by double digits after failing to break out. In a new strategy session, crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin is at risk of falling more than 11% of its current value. “BTC $53,000 has been my target since the $63,000 failure (see posts from mid-August), but don’t rule out $48,000. Markets love symmetry, and fake outs to one side of a pattern usually trigger extended moves in the opposite direction.” Source: Justin Bennett/X Looking at his chart, the…