Author: NBTC
While there has been a huge rise in Bitcoin and altcoins after Trump’s victory, inflows into cryptocurrency investment products continue. At this point, CoinShares released its weekly cryptocurrency report and said that there was an inflow of $2.2 billion last week. “While inflows in cryptocurrency investment products reached $2.2 billion last week, inflows since the beginning of the year have reached a record level of $33.5 billion. While there was an inflow of $3 billion in the first half of the week, there was a total outflow of $866 million in the second half of the week, as Bitcoin prices…
DeFinity Markets has announced the integration of Chainalysis, a blockchain data platform, into its institutional digital asset platform. The move aims to support risk management and compliance measures. Chris Park, Chief Risk Officer at DeFinity Markets, Source: LinkedIn Chainalysis provides blockchain analytics and compliance tools to a global clientele, including government agencies, cryptocurrency exchanges, and financial institutions in over 70 countries. Its technology supports real-time transaction monitoring and has been used to address criminal activities in the digital asset space. “We are thrilled to bring cutting-edge compliance solutions to our users operating within the dynamic digital asset market,” Chris Park,…
In its weekly report, Matrixport highlights that the ongoing demand for Bitcoin (BTC) and gold is driven by two major macroeconomic forces: central banks’ efforts to reduce dependence on the US dollar and the rapid increase in sovereign debt levels. Matrixport Report Highlights Bitcoin, Gold as Major Assets Amid Global Macro Trends The report predicts that these dynamics will continue to support the long-term growth of both assets, encouraging investors to consider including them in their portfolios. Strong Performance in 2024 So far in 2024, bitcoin and gold have significantly outperformed traditional assets. Bitcoin is up 59% this year, while…
Goldman Sachs is preparing to launch a new company focused on its digital assets platform. The venture aims to allow large financial institutions to create, trade, and settle financial instruments using blockchain technology. The investment bank is currently in discussions with several potential partners to expand the platform’s capabilities and explore commercial applications. Goldman Sachs Looking to Venture Further into Blockchain and Crypto According to Bloomberg reports, the spin-off is still in the early stages but it’s expected to be finalized within the next 12 to 18 months. This is, however, subject to regulatory approval.Also, Tradeweb Markets Inc., an electronic…
The world of memecoins witnessed a new sensation as a trader spent nearly $17 (about 0.0983 SOL) to buy approximately 2.46 million PNUT four days ago, only to gain a 12000x profit few days later. Blockchain Intelligence, Onchain Lens wrote on X, “the trader, (under the address 66RfVLjS) started selling PNUT on 2 November and has sold 2.23 Million PNUT in exchange for 1162 SOL (about $196,000), still holding 226,000 PNUT (worth $18,000), and set to automatically sell.” As of November 3, the total profit had exceeded 12,000 times. Courtesy: Onchain Lens X Account Another trader had bought 19.4M $PNUT…
Solana, TRON, and NEAR are the top three decentralized ledgers with the most rapid transaction speed worldwide. That is according to data by Phoenix Group. Blockchains are commonly recognized for their capability to process transactions in a decentralized approach and securely. But not all blockchains have equal abilities in terms of performance. Through its latest research, Phoenix Group identified the most performing blockchains currently, depending on their ability to process a high number of transactions per second (TPS) daily. As per the data, Solana is the fastest blockchain in the world, having the highest daily average transactions per second (TPS)…
The Bitcoin price seems to have settled into stasis, just 10 days before the U.S. presidential election. Now analysts are looking ahead to next week’s inflation figures and jobs report to as the next big catalyst for BTC price action. Bitcoin has receded a bit since testing the $70,000 level earlier this week, and has settled at around $68,000, up 0.8% on the day and 0.5% on the week, per data from CoinGecko. “After reaching a high of $68,850, Bitcoin corrected slightly towards the day’s end but maintained a strong price level,” BRN analyst Valentin Fournier said in a note…
Arca and BlockTower are merging in an all-equity deal, the companies announced last week. Arca CEO Rayne Steinberg talked to Blockworks about the merger, timing and what this next cycle could look like. The two had been in talks to merge for a little over two months, Steinberg said. They’d always been close, but the merger just “made so much sense” after talks ramped up. Aside from BlockTower’s venture team, which will be spun out, Arca and BlockTower plan to retain all their talent under one umbrella. Steinberg will lead the new company, with Jeff Dorman staying on as chief…
XRPL’s new Price Oracle amendment leverages Band Protocol and DIA to enhance real-time DeFi data accuracy on XRP Ledger. The XRP Ledger’s Price Oracle is protocol-native, ensuring secure, in-built data feeds without relying on Layer 2 solutions. Ripple’s integration of real-time oracles into XRPL aims to support emerging protocols like the XRPL Lending Protocol and AMM. RippleX has introduced a significant update to the XRP Ledger with the new XRPL oracle pricing amendment, enabling advanced decentralized finance (DeFi) capabilities. This development integrates the Price Oracle feature, defined in the XLS-47 specification, allowing XRP Ledger-based smart contracts to access real-time pricing…
Morpheus, one of several blockchain projects seeking to decentralize artificial intelligence, is up and running in the wild, the team behind it announced Monday on X (formerly Twitter). Like other decentralized AI networks, Morpheus seeks to curtail the negative side effects of AI, such as centralization, censorship, and monopolistic control of data. Similar decentralized AI projects include Bittensor, dAIOS and Boltzmann Network. Morpheus recently joined the Decentralized AI Society, a trade group focused on fighting the tech giants that wield massive control over AI data. Read more: Decentralized AI Society Launched to Fight Tech Giants Who ‘Own the Regulators’ Morpheus…