Author: NBTC

The London-based stablecoin startup BVNK is exploring a new funding round, aiming to raise $50 million, as investor appetite for the sector grows. Stablecoin payments firm BVNK is said to be in early discussions to raise at least $50 million in a new funding round, Bloomberg has learned, citing sources familiar with the matter. Founded in 2021 by Donald Jackson and Jesse Hemson-Struthers, BVNK previously secured $40 million in Series A funding. That funding valued the firm at $340 million post-money. The round was led by Tiger Global, with participation from The Raba Partnership, Avenir, Kingsway Capital, and others. You…

Unusual activity on the crypto market continues today, with the sudden withdrawal of 1.586 billion XRP from the floor of one of Korea’s largest exchanges, Bithumb. According to reports from Whale Alert, 586.09 million XRP, equivalent to $296.95 million, first left Bithumb in an unknown direction. The first transfer was made to address “rPyCQ,” which was just created yesterday. This transfer is the largest in the series, as the other two were 200 million XRP and just shy of that mark, for a total value of $202.76 million. The last one was worth 600 million XRP. All of these withdrawals…

Ant International and Standard Chartered Bank (NASDAQ: SCBFF) have announced the successful completion of liquidity transfers across borders on the former’s blockchain-based platform. Standard Chartered plugged into Ant’s Whale to tap its liquidity solutions, the bank revealed in a press release. Whale is a blockchain-powered treasury solution that offers liquidity management for multinationals, especially for cross-border transfers. It leverages blockchain for instant transfers, lower costs and transparency. The bank provided few details about the transaction, including which entities were involved. However, it revealed that the liquidity transfers were denominated in Singaporean dollars. While Whale has mostly been used for Hong…

The leading cryptocurrency, Bitcoin, has performed tremendously in 2024 following the approval of spot Bitcoin ETFs in January, reaching a new ATH of $73,600 in March. However, BTC could not break out of the downtrend it entered after ATH, and the rally that investors were waiting for never came. While analysts say that the approaching US elections and Donald Trump’s possible victory will be good for Bitcoin and cryptocurrencies, the decline in the copper-gold ratio does not give good signals for Bitcoin. Speaking to Coindesk, analysts said there are several bullish signals for Bitcoin, including support and possible victory from…

The price of Ethereum (ETH) reached a high of $3,441 on November 12. The largest altcoin entered the overbought zone when it was rejected at $3,400. Long-term analysis of the Ethereum price: bullish Ethereum has retraced from its recent high to the support at $3,100. The retracement stopped above the $3,100 support as Ether started to consolidate again. This suggests that the cryptocurrency could be on its way up. On the upside, a breakout above the $3,400 resistance will drive Ether to new highs of $3,800 and $4,100. However, selling pressure will set in if Ether falls back and breaks…

French state-owned bank Caisse des Dépôts has issued a €100 million ($108 million) digital bond, which will be settled in France’s pilot wholesale central bank digital currency (wCBDC). The digitally native notes were issued on the Euroclear’s digital financial market infrastructure (D-FMI). This infrastructure enables users to issue, distribute, and settle digital bonds on decentralized ledger technology (DLT). It taps into Euroclear’s traditional settlement platform, offering access to mainstream trading venues and other liquidity management facilities. Its one-day settlement process is a significant improvement from the traditional setup, which takes multiple business days. In October last year, the World Bank…

A crypto whale who recently made substantial purchases in tokens like Pnut, FRED, and OPK is facing steep losses as the market downturn continues. Over the past three days, the investor spent 13,642 SOL, equivalent to approximately $2.22 million, accumulating these tokens. However, the whale’s holdings have now declined by around $1.44 million, a staggering 65% loss. A whale spent 13,642 $SOL($2.22M) to buy $Pnut, $FRED, and $OPK over the past 3 days and is currently down ~$1.44M.Spent 7,142 $SOL($1.16M) to buy 14.46M $Pnut, now showing a loss of $553.4K (-48%).Spent 4,500 $SOL($736K) to buy 69.88M $FRED, now showing a…

MANTRA Chain has announced the successful completion of a rigorous security audit conducted by Hacken, a leading cybersecurity firm specializing in blockchain technology. This audit marks a significant milestone in MANTRA Chain’s commitment to delivering a secure and compliant platform for managing real-world assets on the blockchain, aligning with evolving regulatory standards. The comprehensive audit by Hacken Club, a respected entity in blockchain security, focused on assessing MANTRA Chain’s security protocols, identifying potential vulnerabilities, and ensuring the platform’s resilience. This audit was a critical step for the MANTRA Chain, which aims to provide a secure and reliable infrastructure for RWAs,…

Bitcoin is showing strong signs of a bullish recovery, with its price approaching the key $70K resistance level. Buyers are focused on breaking this critical threshold, aiming for a new all-time high by the end of the year. Technical Analysis By Shayan The Daily Chart Bitcoin’s price action on the daily chart reflects a significant bounce after finding support within the 0.5 ($56K) and 0.618 ($52K) Fibonacci retracement levels. This support zone has repeatedly halted bearish attempts and has acted as a base for buyers to re-enter the market. The surge in buying pressure has allowed Bitcoin to reclaim the…

Ethereum’s (ETH) price peaked at $3,443 on Tuesday and has since witnessed a correction. It currently trades at $3,063 at press time, losing 3% of its value over the past 24 hours. With waning bullish sentiments, the Ethereum coin price risks a potential dip toward the $2,900 price level. This analysis explains why this scenario may play out in the short term. Ethereum Traders Reduce Activity A corresponding drop in trading volume has accompanied Ethereum’s price decline over the past few days. Over the past 24 hours, its trading volume has totaled $35 billion, dropping by 25%. A price drop…