Author: NBTC
The worldwide usage of cryptocurrencies including stablecoins in online trades is wanting. That’s per a new IDA Finance and Quinlan Associates payments report. The study found that digital assets account for only 0.2% of the global e-commerce transaction value. According to the dispatch, most merchants quote asset volatility as their major fear in accepting transactions in crypto assets. Notwithstanding Fiat-referenced stablecoins’ design to counter that (volatility), risks and uncertainties on regulation, governance KYC, and AML requirements impede merchants from supporting their payments. An excerpt of the findings states: All of these risks stem from the absence of well-defined legal frameworks…
Asymmetric Research has joined the Stacks ecosystem to enhance the security of the upcoming sBTC asset. The partnership includes auditing and participation in the Stacks signer network alongside other industry leaders. The Stacks Foundation has announced that Asymmetric Research, a leading security firm, has become a key contributor to the Asymmetric. The partnership focuses on securing the Bitcoin L2 ecosystem, with Asymmetric already involved in auditing the upcoming sBTC asset and participating in the Stacks signer network. Asymmetric brings extensive experience securing top protocols, including Solana, Cosmos, and the Wormhole bridge, making it a valuable addition to Stacks’ security initiatives.…
Bitcoin’s price surged by 6%, reaching around $66,000, signaling bullish momentum as it broke past the key 200-day moving average of $63,350. Bitcoin Price Chart (TradingView) Over the past 24 hours, whales moved significant volumes of USDT into Binance, signaling their renewed interest in Bitcoin and possibly driving the price upward. While Bitcoin rallied, the S&P 500 also reached a new all-time high, led by strong performance from stocks like Nvidia, which is just 3% shy of its own record high. The sharp rise in Bitcoin’s price also triggered significant liquidations across the crypto market. According to data from CoinGlass,…
FED Chairman Jerome Powell began his planned speech at the event he attended today. Here is everything Powell said about the US economy: Independence allows the Fed to make decisions for all Americans rather than for any political party. I think the same institutional relationship between the Fed and the Treasury Department will continue under the new administration. There is broad bipartisan support for the Fed’s independence; there is no risk of losing that independence. The US economy is in very good shape. I feel comfortable with current monetary policy. I am confident that I will have the same relationship…
Newly launched Grass pre-market futures held steady on Tuesday, Oct. 22, as traders awaited the upcoming airdrop. Grass (GRASS) futures offered by OKX were trading at $1.15, 52% higher than last week’s low of $0.7330. The rally occurred after the developers provided more details about the airdrop. In an X post, the Grass Foundation announced that the first airdrop will consist of 100 million GRASS tokens, representing 10% of the total supply. Of these tokens, 9% will go to users who earned points during the network epoch’s first stage. Another 1% will be distributed to GigaBuds NFT holders and users…
After months of slowdown, the NFT market now shows signs of recovery with a 22% increase in trading volume as of November, boosted by prices and high activity in blue-chip collections. The market of non-fungible tokens seems to be showing signs of recovery, with an over 20% surge in trading volume in November, per a report by DappRadar. According to the data, NFT trading volume reached $698 million, marking a 22% increase from October. NFT trading volume and sales count in 2024 | Source: DappRadar DappRadar’s analyst Sara Gherghelas attributes the growth to “increased engagement with blue-chip collections” like those…
The crypto industry continues to attract key players in the financial sector who once harbored doubts. Ken Griffin, the CEO of Citadel, has voiced his regret regarding missed opportunities in the crypto market from several years back. This sentiment is indicative of a more general trend in which established financial institutions are increasingly investigating the potential of digital currencies and blockchain technology. Griffin’s regrets of failing to invest in the decentralized finance market emphasize the increasing acceptability and recognition of digital assets within traditional finance circles. More financial leaders are reevaluating their stance on these digital innovations as the industry…
Meme coins have been on an upward trend since spring — and although noted experts like Michaël van de Poppe warn that the surge could die down soon, there are still plenty of profits to be had — provided that opportunities are spotted in time. This is best exemplified by savvy traders who manage to turn humble investments into hundreds of thousands, if not millions of dollars. However, there’s a catch — impressive as they are, these trades are highly speculative, risky, and timely — on top of that, they’re often executed by accounts that place dozens of trades a…
The global financial and payments ecosystem is gradually transforming with the advent of central bank digital currencies (CBDCs), which financial institutions worldwide continue to look into in the hopes of finding new use cases. The European Investment Bank (EIB) is the latest institution to be reported working on advancing its CBDC ambitions with the issuance of its sixth digital bond. The EIB’s latest move is a €100 million ($104.8 million) issuance relying on the Banque de France’s wholesale CBDC offering for settlement. The novel settlement strategy employed by the EIB has triggered a wave of optimism among financial ecosystem players,…
In a recent X interaction, Ripple’s Chief Technology Officer David Schwartz responded to speculation about the future price of XRP, addressing the ongoing curiosity in crypto circles. An X user had posed a question to Schwartz, seeking to know the timeline for when the true value of XRP might be realized. The user inquired whether this could happen within a year or two, or perhaps by 2027, 2028 or 2030, especially considering that the SEC is not appealing in the case – not continuing to argue that XRP is a security. The price of XRP, the seventh largest cryptocurrency by…