Author: NBTC
Securitize, an asset tokenization platform, has launched a blockchain interoperability solution with Wormhole to enable cross-network transfers for institutional tokenized funds. Tokenization Platform Securitize Deploys Wormhole for Multichain Fund Management The integration allows funds tokenized on Securitize’s platform to move seamlessly across Arbitrum, Avalanche, Ethereum, Optimism’s OP Mainnet, and Polygon. Securitize states that Wormhole, which has facilitated over $55 billion in cross-chain transactions since 2020, will serve as the exclusive interoperability layer for Securitize’s clients, including Blackrock, KKR, and Hamilton Lane. Blackrock’s USD Institutional Digital Liquidity Fund (BUIDL), launched in March 2024, reported $642 million in assets under management (AUM)…
Syria’s economy is in a bad state, to put it very mildly. Not only has the Middle Eastern nation been battered by over a decade of war, the Assad regime, which has been in power since 1971, has now been overthrown by a jihadist group. The conflict, which began in 2011, has devastated infrastructure, displaced millions, and led to economic sanctions from Western nations. These factors have crippled the local economy and trade, leading to severe inflation. The Syrian pound (SYP), which was once relatively stable, has lost over 99% of its value since the war began whilst hyperinflation has…
Ethereum’s circulating supply has surged over the past week, reaching levels not seen since February 2023. On-chain data reveals that 12,353 ETH valued above $39 million have been added to circulation over the past seven days. This comes amid a drop in the network’s demand, which has impacted ETH’s performance. Ethereum Faces Inflationary Pressure as Circulating Supply Spikes Ethereum’s circulating supply, which measures the number of coins or tokens currently available to the public, has rocketed by an additional 12,353 ETH in the past seven days. This brings the coin’s total circulating supply to 120.51 million ETH, a high last…
Publicly listed fintech XTB (WSE: XTB) plans to introduce spot cryptocurrencies to its offering, likely this year, Finance Magnates has learned. While digital assets have been available through the company since 2018, they were only offered as contracts for difference (CFD). XTB, which aims to become an all-in-one financial super app, now plans to expand its offering to include “physical” cryptocurrencies. Recently, XTB posted a job listing on LinkedIn seeking a “Head of Crypto.” The posting indicated that XTB was looking for someone to “build a comprehensive digital asset trading platform for retail clients”. “If you have experience in crypto…
Digital Currency Group (DCG) is spinning off the self-mining unit of its Foundry subsidiary into a separate business called Fortitude Mining that will mine crypto across a range of digital assets, the company said Wednesday. What makes Fortitude Mining different is that it will not only mine bitcoin (BTC), but other proof-of-work protocols as well, with a focus on high-return tokens. Andrea Childs, previously employed as the senior vice president of operations and marketing at Foundry, has been appointed CEO of Fortitude Mining. Mike Colyer remains the CEO of Foundry, which provides digital asset infrastructure to the crypto ecosystem. “Spinning…
Enso, a leader in blockchain shortcuts, is supporting Boyco, a platform on Berachain that helps solve the liquidity problem for new blockchains. Boyco allows decentralized apps (dApps) and liquidity providers (LPs) to secure liquidity before launch, making it easier for Berachain to get up and running.—Boyco, using the Royco Protocol, changes the way liquidity is secured for new blockchain networks. It gives dApps the ability to offer rewards directly to users for providing liquidity, cutting out middlemen and ensuring liquidity is available from the start. This method ensures that liquidity is productive and helps Berachain grow efficiently.Already, Boyco has secured…
This is a segment from the Empire newsletter. To read full editions, subscribe. Given the volatility we saw yesterday, I thought it might be a good time to do a mini temp check. We saw bitcoin briefly drop below $90,000 on Monday, and this morning we’re back up over $96,000. The volatility seems like it’s here to stay, perhaps until Inauguration Day. ETH, shadowing bitcoin’s movements, also took a tumble before regaining momentum. And then there’s top AI agent coin AI16z, which is up 21% in the past 24 hours, having bounced after undergoing its own selloff. Ah, the diversity…
In the last 24 hours, XRP has experienced a notable price recovery in South Korean markets, up by 8% against the country’s local KRW currency. It also has a 6.9% spike in global crypto exchanges. This surge comes amid growing speculation that the ongoing legal battle between Ripple Labs and the US SEC could come to a close soon. According to market analysts, this will add to the Trump rally effect and usher in a new era of workable crypto regulations. According to market data from TradingView, Ripple (XRP) has witnessed a surge in market activity, including trade and purchases.…
In a recent announcement, major cryptocurrency exchange Binance indicated that it will temporarily suspend deposits and withdrawals on the Cardano network on Jan. 29, 2025, due to the upcoming Cardano hard fork. This measure is standard practice during major network upgrades to prevent any potential issues or disruptions. The upcoming Plomin hard fork is a key event for the Cardano network, aiming to implement crucial governance upgrades. Binance stated in its announcement that starting on Jan. 29, 2025, at approximatey 8:45 p.m. (UTC), it will suspend deposits and withdrawals of token(s) on the Cardano (ADA) network to support the Plomin…
A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology. Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts of math problems to validate transactions. Some have criticized the process as being too energy-intensive, while others have argued the opposite. Quantum computing involves moving away from a process reliant on binary code, ones and zeros, which open and close transistor gates. Quantum bits (qubits)…