Author: NBTC

Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. First Bank in Bolivia Introduces USDT Services Private institutions are now entering the cryptocurrency and stablecoins market in Bolivia. Bisa Bank, the fourth largest banking institution in the country, has recently introduced a suite of stablecoin products to allow customers to purchase, sell, and keep USDT using its services. The inclusion of…

Shytoshi Kusama, the mysterious Shiba Inu lead developer, attended the TOKEN2049 blockchain conference in Singapore this week, continuing his “meet-and-greet” initiative that started earlier this year. Kusama began to appear in public, talk to the SHIB booth’s visitors from the crypto community, and also give interviews to the media. A YouTube crypto blogger Raajeev Anand published a video on his X account, where he briefly speaks to Shytoshi Kusama, hearing an important statement from the SHIB lead. Next 2 week for $SHIB is more Interesting 🤨 @ShytoshiKusama pic.twitter.com/gyTyN3XfP8 — Raajeev Anand (@rajeevanandspur) September 19, 2024 Kusama said that the next…

Bitcoin UTXOs (Unspent Transaction Outputs) reportedly dropped to the lowest level since October 2023 to the present month. As per the stats disclosed by CryptoQuant, an 0n-chain crypto analytical platform, it is revealed that Bitcoin UTXOs dropped to 68.5% from 99% in June 2024. This declined proportion has sparked many speculations in the crypto market, changing the sentiments of crypto investors toward Bitcoin ($BTC). #Bitcoin UTXOs in Profit Drop to Lowest Level This Year“The last time the percentage of Bitcoin UTXOs in profit dropped to 68.5%, Bitcoin’s price saw a significant surge of 273%.” – By @EgyHashX Read more 👇https://t.co/QzwbCw2EoW…

Maelstrom has parked 5% of its funds in staked USDe, Hayes told CoinDesk in an email interview. The fund will rotate that money into crypto after the election results are clear and the losing side accepts the defeat, Hayes added. It doesn’t matter who wins beyond the short-term, Hayes quipped. With the U.S. election just a week away, markets are waiting with bated breath for the political event that has created “high uncertainty.” Arthur Hayes, chief investment officer at digital asset investment fund Maelstrom and co-founder of BitMEX, is hedging the election risk with Ethena Lab’s USDe stablecoin while maintaining…

At Solana Breakpoint 2024 in Singapore, the atmosphere was electric with excitement as the Solana community gathered to witness groundbreaking updates. SolanaFloor recently shared some exciting news on X: Franklin Templeton, a global asset manager overseeing $1.3 trillion in assets, plans to launch a mutual fund on the Solana blockchain. This announcement was made during the Solana Breakpoint 2024 event, highlighting the increasing institutional interest in the blockchain space. 🚨BREAKING BIG: $1.3 trillion asset manager Franklin Templeton (@FTI_US) plans to launch a Mutual Fund on @Solana blockchain.Source: Solana Breakpoint 2024 pic.twitter.com/F7c5KdEspF — SolanaFloor (@SolanaFloor) September 20, 2024 Franklin Templeton’s move…

Bitcoin has continued its bearish momentum as its price has now slipped below $56,000. Here’s what could be behind this trajectory, according to CryptoQuant’s Head of Research. Bitcoin On-Chain Metrics Are All Giving Bearish Signals Right Now In a new thread on X, CryptoQuant Head of Research Julio Moreno has discussed why the original cryptocurrency has been struggling recently. “Bitcoin price is down simply because there is no demand growth,” notes the analyst. To showcase how demand for the asset has been looking like, Moreno has shared the chart for the “Apparent Demand” indicator, which leverages on-chain data to estimate…

Solana’s token extensions were a key factor that drove the expansion of PYUSD, PayPal’s flagship stablecoin, to the Solana blockchain, said Jose Fernandez da Ponte, Senior VP of PayPal’s blockchain division, during the Solana BreakPoint event this week. Initially issued on Ethereum, PYUSD later made its debut on Solana in a bid to offer users “a fast, easy, and inexpensive payment method.” The integration was expected to improve consumer and merchant experiences. Da Ponte reiterated that during the Solana BreakPoint event, adding Solana’s token extensions made it a good fit for PayPal’s infrastructure. “The first chain was Ethereum. We all…

FTX Trading Ltd. has reached a $228 million settlement with Bybit Fintech Ltd. to end the legal battle between both entities. This move will allow FTX to recover assets from Bybit’s exchange. As part of the deal, the defunct exchange will get back $175 million in digital assets plus sell $53 million in BIT tokens to Bybit’s investment arm, Mirana Corp. The settlement comes as FTX recently received court approval for its bankruptcy plan which allowed it to repay customers using up to $16.5 billion in assets recovered after its historic collapse. The bankruptcy judge John Dorsey stated that FTX’s…

After the crypto market struggled to maintain a bullish recovery in the past few weeks following the August 5 crash, Bitcoin (BTC) price led the altcoin sector in notable losses on Friday. In the past two days, Bitcoin price has consistently closed below the crucial support level above $57k, thus indicating the bears are in control. According to the latest market data, Bitcoin price dropped over 5 percent in the past 24 hours to reach a daily low of about $52,690. The flagship coin had, however, rebounded above $53,800 on Saturday, during the early Asian session. The total crypto market…

Lazard (LAZ), a 175-year old global financial services and asset management company, is the latest among traditional financial players jumping on the asset tokenization trend, planning to create tokenized funds with Bitfinex Securities and SkyBridge Invest. The tokenized funds will be set up and issued under Kazakhstan’s financial services law, under regulatory oversight of Astana Financial Services Authority (AFSA), where SkyBridge and Bitfinex are licensed to operate. Bitfinex Securities is responsible for the tokenization process, while SkyBridge will act as broker and manager of the tokenized fund. The products will be available to retail users, but with certain geographic limitations,…