Author: NBTC
As the 2024 U.S. presidential election approaches, an intriguing pattern is emerging, showing a correlation between Bitcoin’s (BTC) price and the rising odds of a potential Donald Trump victory. A comparison of Trump’s betting odds to win the election against Vice President Kamala Harris indicates that the former president’s chances have been climbing since October 10, reaching 53% as of press time, according to data from Kalshi. Between October 10 and 14, Trump’s odds increased from around 50% to 54%. During this same period, the price of Bitcoin surged from approximately $60,300 to around $65,000, reflecting an over 7% increase.…
SushiSwap (SUSHI) has proposed an ambitious strategy to diversify its treasury holdings, which currently consist of 100% of its native SUSHI tokens. The “Treasury Diversification Proposal” sets out a roadmap for creating a more balanced and resilient treasury. The key objectives of this initiative are as follows: Volatility Reduction: Reducing the reliance on SUSHI assets to stabilize the value of the treasury. Increasing Liquidity: Ensuring that the Treasury has sufficient liquid assets for operational and strategic needs. Generate Yield: Leverage diversified assets for staking, lending, or liquidity to generate passive income. Sushi DAO proposes to reallocate treasury assets into three…
The ETH Spot ETF market recorded $167.62 million daily inflows and $12.26 billion in total assets on December 4. Grayscale’s ETHE ETF led with $5.75 billion in net assets and a 7.68% price increase. BlackRock’s ETHA ETF posted the highest daily inflow of $124.35 million and a 7.93% price gain. A recent update by SoSoValue of the US ETH Spot ETF market as of December 4 indicates that the total daily net inflow stands at $167.62 million, reflecting market activity for the day. Cumulatively, the total net inflow for the market has reached $897.82 million with the total value traded…
Digital fraud is on the rise and according to a Global Payments (GP) report, could surpass the $340 billion mark by 2027. But amid the gloomy forecast, lies a glimmer of hope: tokenization. Per the study, payment cryptographs — tokenization — can be a crucial ally in combating the runaway scams bedeviling the e-commerce sector. GP suggests that tokenization when fully exploited, can ensure timely and secure transaction completion. Through it, users can use biometrics and passkeys to unlock devices linked to their payment credentials. Thus, they act as a barrier to unauthorized access to one’s transactional data. The report…
Chainlink has expanded its services with the launch of CCIP Private Transactions. This new privacy-preserving feature, which is powered by the Chainlink Blockchain Privacy Manager, will help financial institutions maintain integrity and safety when transacting across blockchain networks. We’re excited to announce CCIP Private Transactions, enabling financial institutions to connect private blockchains to the multi-chain economy.Australia and New Zealand Banking Group (ANZ) will be among the first financial institutions to pilot the capability for cross-chain… pic.twitter.com/1Qmm9nURqz — Chainlink (@chainlink) October 22, 2024 The Australia and New Zealand Banking Group (ANZ) is one of the first to use this technology. The…
The Hong Kong government has published a ‘stablecoin bill’ in the Gazette on December 6 to introduce a regulatory system for fiat currency stablecoin issuers in Hong Kong. This bill will be submitted to the Legislative Council for its first reading on December 18. The drafted bill intends to enhance the regulatory framework for crypto activities to tackle potential risks that come with fiat currency stablecoins. The bill also aims to promote financial stability, ensure that users have sufficient protection, and leverage the benefits that “virtual assets” and related technologies can introduce. According to local media reports, licensing system mentioned…
DC Wallet just announced a partnership with AFC India Limited, a company owned by the Indian government, to promote the adoption of the digital rupee. This adoption initiative comes after the Reserve Bank of India tested this CBDC on Ripple’s XRP ledger in November. Digital Rupee Adoption Strategies DC Wallet announced this partnership via a press release detailing the companies’ strategies and goals. Although India’s Central Bank Digital Currency (CBDC), the digital rupee, was launched over two years ago, it has yet to achieve widespread adoption. This new public-private partnership focused on several possible growth areas. “The strategy spans to…
Bitcoin Effect on Ethereum On December 5th, 2024, Ethereum (ETH) reached an impressive intraday high around $3,950, signaling a potential rally as Bitcoin (BTC) recently surpassed $100,000 for the first time in history. With this milestone, many crypto enthusiasts are turning their attention to Ethereum, wondering if it can reach its intra-year high of $4,088 once again—and possibly even surpass its all-time high (ATH) of $4,892. Focusing on the main resistance level, the $4k mark is like $100k for Bitcoin which now hovers around $102k. As the crypto market continues to evolve, what are the chances for Ethereum to not…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A fund issuer has adjusted several of its crypto ETFs to accommodate those seeking a different type of exposure to the space. They’re crypto futures funds that had lost some luster when spot products became available — but now feature a twist. Bitwise officially converted three of its futures-based ETFs to “Trendwise” products that rotate between crypto and US Treasurys based on crypto market price trends. Essentially the funds will stick to investing in crypto futures when the 10-day exponential moving average of the price of…
VePassport integrates Proof of Personhood with VeWorld Wallets to safeguard decision-making from malicious entities. VeBetterDAO has updated its interface, including a “Better Actions” tab for tracking user impact and a delegation feature for vote transfers. VeChain has unveiled VePassport, a decentralized identification system that enables governance security and user rewards within VeBetterDAO. This new tool seeks to reduce the scourge of Sybil attacks in decentralized governance by implementing measures that make it possible for only true people to vote and get rewards. Moreover, VePassport ensures that people’s real actions and their real assets are tied to their identity. How Does…