Author: NBTC
The European Central Bank (ECB) calls for a coordinated approach to digital assets and distributed ledger technology (DLT) as part of a broader effort to establish a “digital capital markets union” for Europe. In a landmark speech at the Bundesbank Symposium on the Future of Payments, ECB Executive Board member Piero Cipollone laid out an ambitious plan for transforming Europe’s fragmented capital markets by leveraging tokenization and DLT technologies. Cipollone’s proposal comes as Europe grapples with persistently fragmented capital markets despite years of integration efforts. The current landscape, with 35 different exchanges for listings and 41 for trading, imposes significant…
RippleX, the development arm of Ripple, has recently unveiled new groundbreaking updates to the XRP Ledger (XRPL). These updates are set to revolutionize transactions on the XRPL, making it more efficient, secure and adaptable. In a new tweet, RippleX announced that two updates, a new vault and lending protocol, have landed on the XRPL. These two updates were implemented through the XLS-65d and XLS-66d specifications. New Vault & Lending Protocol updates on the #XRPL▶️ XLS-65d – Single Asset Vault (SAV): We’ve simplified the design so the Vault now holds assets directly, cutting out two unnecessary transactions for a more efficient…
Craig Wright appears to be acting as his own legal representation in a newly filed lawsuit against Bitcoin Core and Jack Dorsey’s Square. As pointed out by Bitmex Research, a UK High Court case tracker shows that Wright filed the lawsuit on October 10 as a ‘litigant in person.’ This would indicate that he is likely filing the lawsuit himself without representation from a solicitor or barrister. Read more: Did Craig Wright file his latest COPA appeal from China? While the lawsuit specifically names Bitcoin Core — the software used to distribute bitcoin — and Square Up Europe Ltd. —…
Alchemy Pay has announced its latest integration with BNB Chain, allowing users to pay with $BNB for real-world services such as renting power banks and recharging phones. This news was shared on Alchemy Pay’s official X (formerly Twitter) account. The integration brings cryptocurrencies into everyday scenarios. It showcases how digital assets like BNB can enhance daily life by enabling practical transactions. Integrating with @BNBCHAIN, #AlchemyPay now enables users to rent power banks and recharge phones using $BNB! 🔋This expansion brings #cryptopayments to everyday scenarios, highlighting the versatility of $BNB and other digital assets. Flexible crypto payments start now!⚡️ pic.twitter.com/Eaehni9Mmk —…
Injective Protocol, a DeFi-centric platform using Cosmos tech, is gaining traction, looking at the gas fee revenue distributed to its validators in Q3 2024. While INJ, the native currency of the protocol, is under pressure, cooling off after rallying to as high as $52 early this year, the recent development is a huge confidence boost. Looking at trends may signal that more users are flowing to Injective, a net positive for INJ in the coming sessions. Injective Generates More Revenue Than The BNB Chain, Avalanche According to CryptoRank data, Injective Protocol generated $4 million in revenue derived from gas fees.…
Bitcoin has jumped in price following the Federal Reserve’s decision yesterday to cut interest rates—and traders who shorted the are being wiped out in a growing wave of liquidations. The biggest digital coin’s price is now sitting at $63,199 per coin after jumping more than 6% in 24 hours, CoinGecko shows. In the past day, over $154 million in short positions have been liquidated across all cryptocurrencies, CoinGlass data shows. Of that figure, nearly $74 million were Bitcoin positions. Short positions are held by traders who bet the price of an asset going down in the future. If a short…
There has been a noticeable rise in blockchain applications that do not follow the Ethereum Virtual Machine (EVM) standard. These decentralized applications (DApps) leverage the unique features of non-EVM blockchains to achieve their goals. Data from DeFiLlama, a dashboard that tracks decentralized finance (DeFi) solutions, reveals that Solana holds over 48% of the total value locked (TVL) in non-EVM blockchains. Other blockchain protocols like Sui, Aptos, Cardano, and Near Protocol, which don’t rely on Ethereum’s EVM, are also seeing strong growth in the number of DApps built on their platforms. What are Non-EVM Blockchains? For context, non-EVM blockchains are decentralized…
The Chinese government has allegedly begun liquidating a significant portion of Ethereum (ETH) seized from the infamous PlusToken pyramid scheme, contributing to the recent declines in the cryptocurrency market. In early August, on-chain movement of ETH linked to the case resurfaced for the first time since 2021, with around 7,000 ETH of the remaining 542,000 ETH (worth $1.3 billion) sent to exchanges in the past 24 hours, signaling the start of the asset sell-off. For context, PlusToken was a multi-billion dollar cryptocurrency pyramid scheme that began in early 2018 and operated until June 2019, when Chinese authorities arrested its masterminds.…
Spot Bitcoin exchange-traded funds in the U.S. witnessed their third consecutive day of outflows on Oct. 10, while spot Ethereum ETFs posted a modest but positive turnaround after a day of inactivity. According to data from SoSoValue, the 12 spot Bitcoin ETFs registered outflows totaling $120.76 million on Oct. 10, a notable jump from the previous day’s outflows of $40.56 million. Fidelity’s FBTC ETF led the wave of Bitcoin ETF outflows, with $149.5 million exiting the fund after a day of zero net flows. Other major funds followed suit, including ARK and 21Shares’ ARKB with $30.30 million in outflows and…
Ripple’s chief legal counsel Stuart Alderoty has reacted to Ripple’s recent win, this time in crypto regulation. In a significant milestone, Ripple has received in-principle approval of a financial services license from the Dubai Financial Services Authority (DFSA) to expand its services from the Dubai International Financial Centre (DIFC). This milestone significantly expands Ripple’s global footprint as a regulated firm and allows for the launch of cross-border payment services, such as Ripple Payments Direct (RPD), in the United Arab Emirates (UAE). Commenting on the milestone, Alderoty highlighted Ripple’s growing global license portfolio, which is now over 55, reflecting its continued…