Author: NBTC
Alchemy Pay, a renowned crypto-fiat payment provider, has revealed plans to launch a Web3 Digital Bank. Alchemy Pay Set to Launch Web3 Digital Banking Solution for Enterprises https://t.co/G22k82rVZj — Stock Market News (@Stock_Market_Pr) May 21, 2024 Global enterprises can leverage this initiative to open and run many accounts, manage cash flows, and facilitate smooth fiat-crypto conversion. The compliant firm remains well-suited to offer regulated digital banking solutions to Web3 firms. The banking solutions and fiat-crypto integration will allow individuals to convert fiat to crypto (or vice versa) using one bank account. Alchemy Pay has been in the crypto payments sector…
Vet, a validator on the XRP Ledger (XRPL), has shut down rumors about Elon Musk’s X social media network testing XRP payments. The rumor was based on the fact that a transaction with the “Musk” label was recently spotted on the network. However, as noted by Vet, there is no authorization needed from the famous entrepreneur for labeling this account. “I can label my account to be by Musk or JPM as well. No proof needed,” he added. X is actually expected to launch peer-to-peer payments this year. However, it is not clear whether Musk’s social network will actually support…
Today, the crypto exchange Bitfinex announced the listing of the PORTAL token, from the eponymous Web3 gaming platform. This Bitfinex #TokenTuesday welcomes $PORTAL!@Portalcoin allows gamers to move between games with a transferable asset 🎮Connecting games and gamers to form an ecosystem in #Web3 gaming!Discover more:https://t.co/HB4tPvGKg7 pic.twitter.com/wzOUh19pI5 — Bitfinex (@bitfinex) May 21, 2024 It is the native token of the homonymous multi-chain system and web3 gaming platform. Web3: Bitfinex lists the crypto PORTAL The game Portal Bitfinex and the listing of the crypto Web3 PORTAL The Web3 gaming Web3: Bitfinex lists the crypto PORTAL The token Portal landed on the crypto…
After April, which was not a good month for the Bitcoin and cryptocurrency world, new data continues to arrive for this month. Finally, data was shared on which cryptocurrency projects corporate companies invested the most in April. According to data, cryptocurrency venture capital firms publicly invested in 161 projects in April. The amount of investment made in these projects in April was 1.02 billion dollars. The biggest financing among the projects was Monad, which managed to raise 225 million dollars by organizing an investment tour led by Paradigm. Then comes the Berachain project, which organized a Series B financing round…
May 21 (Reuters) – Trading app Robinhood Markets (HOOD.O, opens new tab is lowering the rate of interest it charges on its margin loans, it said on Tuesday, to encourage more customers to avail this facility that allows them to borrow against securities they hold. WHY IT’S IMPORTANT The company has rolled out a series of features recently as it looks to grow into a full-fledged broker and meet the demands of retail investors for sophisticated products. The renewed structure could increase its popularity among such investors, who have often used Robinhood for their social media-fueled campaigns against Wall Street.…
Bitcoin-powered layer-one blockchain Core Chain is now letting investors stake their BTC—something that, historically, BTC holders haven’t been able to do. Staking tokens reward users with a percentage yield—often in the single digits—over a period of time. This has notoriously been exclusive to proof-of-stake blockchains. Traders on Bitcoin, which uses proof-of-work, haven’t been able to stake their tokens. But Core Chain now allows BTC holders to earn yield by participating in Core Chain’s consensus mechanism, called Satoshi Plus, which combines Delegated Proof of Work (DPoW) and Delegated Proof of Stake (DPoS). Enabling users to stake BTC is the next step…
Tether, issuer of the largest stablecoin USDT, said Thursday it has teamed up with blockchain surveillance company Chainalysis to monitor transactions with its tokens on secondary markets. The surveillance system includes international sanctions compliance and illicit transfer detection that could be associated with activities like terrorist financing, and would help Tether identify crypto wallets that could “pose risks or may be associated with illicit and/or sanctioned addresses,” according to Tether’s blog post. “Our collaboration with Chainalysis marks a pivotal step in our ongoing commitment to establishing transparency and security within the cryptocurrency industry,” Tether CEO Paolo Ardoino said in a…
Jupiter Exchange launched the Giant Unified Market (GUM) initiative to combine different types of investments into one market on the Solana blockchain. The GUM Alliance aims to bring together investments like meme coins, real-world assets, stocks, and forex into a single market, making trading between them easier and more direct. The alliance, comprised of leading teams in asset handling, liquidity, and distribution, plans to add more types of investments to Solana (SOL), ensuring the markets have enough cash flow to operate smoothly and integrating the markets into Jupiter’s platform to encourage adoption. Gabe Otte from DinariGlobal is excited to offer…
JPMorgan notes that mining stocks have slumped ahead of the bitcoin halving. The bank favors Riot Platforms and Iris Energy. Bitcoin’s outperformance may mean that part of the typical post-halving rally has been pulled forward, the report said. Recent weakness in mining stocks ahead of the bitcoin (BTC) halving offers an attractive entry point for investors, JPMorgan (JPM) said in a research report on Tuesday. The total market cap of the 14 U.S.-listed bitcoin miners tracked by the bank fell 28%, or $5.8 billion, to $14.2 billion, from March 31 to April 15, the report said. All of the stocks…
According to the latest data, 62 blockchain or cryptocurrency projects have collectively raised $474 million over the past 20 days of May. Leading the charge, the entertainment-focused blockchain project Sophon garnered $60 million in a node sale, with Securitize following closely, raising $47 million. May Sees $474M Invested in Blockchain Startups Since the start of May, $474.08 million has been invested in blockchain and crypto startups and projects. Among these, 62 projects secured funding, including four Bitcoin ecosystem projects, which collectively raised nearly $20 million. Botanix Labs led this group with $8.5 million, followed by Arch Network with $7 million,…