Author: NBTC

Fiona Murray, Managing Director for Asia Pacific at Ripple, has revealed that Singapore handles more than 50% of Ripple’s digital asset payment flows. Murray made this revelation during a panel session at the recently concluded Token 2049 conference held in Singapore. XRP community figure Eddie, aka “Crypto Eri,” called attention to the statement in a post on X. During the session, Murray emphasized the growing significane of Singapore as a hub for Ripple’s cross-border payment services. She stated that the U.S. does not play a substantial role in these operations due to regulatory uncertainty. Singapore Helping Ripple’s Payment Operation Ripple…

Taiwan will allow banks to test digital asset custody services, focusing on institutional clients starting in early 2025. Ripple’s expansion in Asia strengthens with a major payment license from Singapore’s financial regulator. As its Financial Supervisory Commission (FSC) gets ready to introduce a trial for digital asset custody services, Taiwan is likely to make major advancements in the crypto market. Beginning in early 2025, the program will let three big banks protect digital assets, including well-known cryptocurrencies like Bitcoin, Ethereum, and Dogecoin. Encouragement of financial innovation is the key objective, all the while keeping rigorous regulatory compliance. Aiming to establish…

The U.S. Federal Reserve lowered its benchmark fed funds rate by 50 basis points to 4.75%-5%, marking the first rate cut in four years after the central bank’s most aggressive hiking cycle. Fed members expect median benchmark rates to come down to 4.4% by year-end, reflecting some 50 bps more cuts in the next two Federal Open Market Committee (FOMC) meetings, according to the Fed’s quarterly economic projection. That’s up from only one cut projected in June. In the minutes following the FOMC decision, the price of bitcoin (BTC) shot up 1.2% to $61,000 before paring gains. The largest cryptocurrency…

Will fragmentation tear Ethereum’s booming ecosystem apart? Vitalik Buterin urges “alignment,” but is it too late? Experts share their insights. Table of Contents Buterin suggests ‘alignment’ Three pillars of Ethereum alignment Metrics to measure alignment Experts weigh in Buterin suggests ‘alignment’ Over the past few years, Ethereum’s (ETH) ecosystem has expanded rapidly. As of 2024, there are over 4,000 decentralized applications and dozens of layer 2 solutions built on Ethereum, each with a unique team and vision. However, this diversity creates a challenge: fragmentation. How can such a large, decentralized ecosystem work together toward common goals without losing its unique…

The Dutch crypto market attracts local and international exchanges, offering diverse options for investors. Social trading and user-friendly interfaces are key features driving adoption among Dutch crypto enthusiasts. Compliance with local regulations and support for Dutch payment methods are important factors for success in the Netherlands. In the bitcoin centers of the world, the Netherlands has gradually established itself as a significant player in the booming exchange industry. The following article selects five representative sites that have recently attracted the attention of Dutch investors and traders. eToro: Social Trading Pioneer The social trading platform that anyone familiar with eToro knows…

Global accounting firm KPMG believes that strong custodial practices are key to boosting Bitcoin (BTC) adoption among institutions and businesses. According to its recent report titled “The Importance of Custodians in Bitcoin Adoption and Ownership,” custodians play a crucial role in safeguarding Bitcoin holdings and are vital for the industry’s growth. It added that custodians must ensure they have solid frameworks in place to deal with any emerging threat, as security is of the utmost importance in driving adoption. Critical role of custodians The report outlined that while Bitcoin’s decentralized nature allows users to control their assets, managing cryptographic keys…

A balanced and predictable fees structure for both Layer-1 and Layer-2 solutions on Ethereum (ETH) is inevitable for the ecosystem, Ethereum (ETH) co-founder Vitalik Buterin says. A number of fee sharing models might be helpful in protecting Ethereans from “mixed economy” with extremely volatile tax rates. Vitalik Buterin indicates “valuable places to start” as L1/L2 fees debate is heating up again To leave all users of the Ethereum (ETH) ecosystem satisfied, it should adopt mechanisms when Layer 1 and Layer 2 fee accrual are both reliably far from zero and guarantee low variance in the ratio. Addressing this challenge has…

In early October, crucial token unlocks are scheduled for both the Cardano (ADA) and Solana (SOL) ecosystems, triggering attention from market participants. According to a disclosure from blockchain reporter Colin Wu, Cardano will unlock approximately 37.06 million tokens worth $14.34 million, which constitutes a small fraction (0.10%) of its circulating supply. Meanwhile, Solana is preparing for a much larger unlock of 524.03 million tokens, valued at $81.56 million, accounting for 0.11% of its supply. Although these percentages may seem minimal, they could have implications for the market. In Cardano’s case, the unlock is unlikely to cause drastic price volatility, given…

Safety is of great importance when deciding which Ripple exchange to use, particularly factors such as SSL encryption and cold storage. Trading fees can cause headaches to the organization by lowering the exchange’s overall profitability, so the exchange needs to set reasonable trading fees. Easy and convenient payment methods as well as international coverage are vital for sound trading. Some factors come into play when you’re choosing an exchange through which to purchase and trade Ripple or XRP. Such considerations include; security, fees, accepted payments, operational access, and overall interface to provide a convenient trading atmosphere. It seeks to assist…

MatrixPort, a prominent platform for services dealing with digital assets, has joined forces with exSat, a Bitcoin scalability solution. The strategic partnership between MatrixPort and exSat targets to leverage the strengths of both entities to expedite the Bitcoin ecosystem’s application and growth. MatrixPort and exSat’s New Partnership Advances the Development in the Bitcoin Ecosystem The respective collaboration reportedly denotes the commencement of an exclusive epoch in the further development of Bitcoin. MatrixPort operates as a worldwide one-stop forum for digital asset-related financial services. It offers a comprehensive industry experience along with resilient technology. exSat Network aims at the creation of…