Author: NBTC

China’s CBDC app has reached a significant milestone with 180 million personal wallets and a staggering transaction volume of ¥7.3 trillion yuan in pilot regions. China‘s ambitious push for a central bank digital currency is gaining momentum, with millions embracing the new solution and changing the way money moves. Changchun Mu, the director-general of the digital currency institute at the People’s Bank of China, wrote in a column for Chinese media giant SINA that as of July, China’s CBDC — also known as the digital renminbi or e-CNY — has registered 180 million personal wallets opened and a total transaction…

Delta, a new layer-1 platform challenging the status quo for building high-throughput decentralized applications, has raised $11 million in funding. The platform positions itself as a “network of networks” that seeks to break the traditional trade-off between blockchain sovereignty and interoperability, a nagging problem that many developers face today. Delta’s funding round was led by Figment Capital and Maven 11, with contributions from Variant, DBA and other investors. (Blockworks co-founder Michael Ippolito is also an angel investor.) The functional goals of Delta’s architecture are similar to those of the major rollup “clusters” — OP Superchain, the AggLayer or ZKsync Elastic…

On September 17, Jan van Eck, the CEO of global asset manager Van Eck Associates Corp, was interviewed on Bloomberg Radio, where he shared his concerns about the fiscal situation in the United States. He emphasized that the country’s fiscal deficit had reached historic highs, even with low unemployment. According to van Eck, this development is significantly different from previous periods when deficits were similarly concerning but often alleviated by central bank interventions. He pointed to examples such as Japan, which has managed to delay economic consequences despite maintaining high debt levels for more than 20 years. In van Eck’s…

Solana’s liquid staking ratio hit 7%, boosting DeFi liquidity with $150M support from Binance and Bybit through bbSOL and bnSOL. Solana outpaces Ethereum with 68% of its supply staked, compared to Ethereum’s 28%, reflecting rising network engagement. Solana’s staked value surged from $7.5B to $58B in a year, highlighting a $50B capital inflow and rapid network growth. At an all-time high of 7%, Solana’s liquid staking ratio made a substantial contribution to the liquidity of the DeFi sector. Platforms like Sanctum, which reduced the liquidity barrier by allowing liquid staking tokens (LSTs) to join the market, are mostly to blame…

Anthony Pompliano, angel investor and founder of the Pomp Investments fund, has released a podcast this week, in which his wife, Polina M. Pompliano, asked him questions on various topics, including Bitcoin, which Pomp is a big proponent of. Among them was the much-hyped documentary about the search for Satoshi Nakamoto, “Money Electric: Satoshi Mystery,” which was released earlier this week. “The world is better off not knowing who Satoshi was”: Pompliano Pompliano explained why the world had better not ever know who Satoshi is, explaining it using the example of Ethereum and its frontman, Vitalik Buterin. He explained why…

MicroStrategy’s net asset value premium hit 2.5 times it’s bitcoin holdings, which is the highest since February 2021. MicroStrategy increased its “Bitcoin Yield” KPI to 5.1% from 4.4% in Q2 2024. The company’s aggressive accumulation strategy means the premium could continue for the longer term. Disclosure: The author of this story owns shares in MicroStrategy (MSTR). Shares of self-described Bitcoin Development Company MicroStrategy (MSTR) continue to advance relative to the price of bitcoin (BTC), expanding the premium to the value of its holdings to the highest level in more than three years. The company’s so-called net asset value (NAV) premium…

RippleX, the development arm of Ripple cryptocurrency juggernaut, is teasing a new XRPLGrants AI Fund that will support new projects seeking to make a breakthrough in the areas of artificial intelligence and blockchain. In a recently published tweet, the company announced an upcoming info session that will take place on Oct. 2 via the Zoom app. The tweet states that this session will cover XRPL grants, give an overview of the AI Fund and provide details on application requirements. It will also include a session of questions and answers. No more details have been shared so far. Want to build…

Notifi, a prominent platform offering decentralized notification facilities, has disclosed an exclusive integration with ZeroGravity Labs (0G). As per Notifi, this collaboration plays the role of a noteworthy move in the evolving AI and crypto landscape, targeting back real-time notifications for the innovative platform of 0G, which has created the earliest Decentralized AI Operating System (dAIOS). The platform took to social media to provide details about this development. 🔔 Integration Alert 🔔We’re thrilled to announce our latest integration with @0G_labs, the world’s first Decentralized AI Operating System, designed to manage distributed hardware resources such as storage, computation, and data availability.https://t.co/C2eLb6CzM8…

On Thursday, bitcoin (BTC) soared to a peak of $63,882, marking a 7.8% increase against the U.S. dollar over the past month. During this same period, approximately $6.36 billion worth of BTC was pulled from crypto exchanges, hitting levels not seen since early November 2018. More Than 100,000 Bitcoin Removed From Digital Currency Trading Platforms in 30 Days Bitcoin is making strides as the week wraps up, following the U.S. Federal Reserve’s rate cut on Wednesday. The price hit an intraday peak of $63,882 per coin, its highest point since Aug. 26, 2024. Over the past month, bitcoin has performed…

Ethereum’s recent failure to reclaim the multi-month descending channel’s middle threshold of $2.6K has resulted in a significant rejection, signaling a possible continuation of the downtrend toward the mid-term $2.1K support level. By Shayan The Daily Chart Ethereum’s price movement on the daily chart reflects a bull trap. After briefly surpassing the $2.6K resistance, the price quickly lost momentum due to intense selling pressure, leading to a 15% drop. This rejection underscores the dominance of sellers in the market, as ETH failed to reclaim this critical threshold. Adding to the bearish sentiment, a “Death Cross” has occurred, where the 100-day…