Author: NBTC
The World Economic Forum (WEF) recently released a report investigating wholesale central bank digital currencies (wCBDCs). The document explored ongoing initiatives, potential use cases in financial markets, and the potential of wCBDCs to alleviate significant industry challenges and address key pain points. It revealed that more than 98% of central banks worldwide are conducting research, pilot programs, or implementation of CBDCs to enhance the functionality of and broaden access to central bank money (CeBM). “CeBM is ideal for systemically important transactions despite the emergence of alternative payment instruments,” the report states. “Wholesale central bank digital currency (wCBDC) is a form…
VeChainThor: Speedy, secure blockchain with community-driven governance. Environmentally friendly: Minimal energy usage compared to other blockchains. Focus on real-world applications, bridging tech and practicality. VeChainThor, the blockchain making waves in the crypto world, is garnering attention for its unique blend of speed, security, and community involvement. Launched in June 2018, it boasts zero downtime, ensuring uninterrupted operations. VeChainThor. Let’s talk about it.It’s our blockchain that is getting everyone on board, mixing up speed, security, and making sure everyone gets a say. Here’s why it’s a big deal. 🧵 pic.twitter.com/V1VoRJE7VW — vechain (@vechainofficial) April 5, 2024 Speed is a standout feature…
Bitcoin reversed Tuesday’s decline to climb above $73,000 early Wednesday. Spot BTC exchange-traded funds noted the highest inflows in both bitcoin and dollar terms since they started trading in January. Bitcoin’s price behavior suggests institutional investors are leading the market activity, some observers said. Bitcoin (BTC) climbed above $73,00 early Wednesday, adding 2.5% in 24 hours to reverse Tuesday’s losses after a $360 million liquidation event sent prices tumbling. The gain followed a record day of exchange-traded fund (ETF) inflows in terms of both dollars and bitcoin. Data tracked and cited by BitMEX Research shows spot bitcoin ETFs took in…
Crypto exchange Woo X says this is the first time tokenized T-Bills will be available to retail customers. The exchange recently began offering index-linked meme-coin perpetuals with market maker Wintermute. Woo X is claiming bragging rights for being the first cryptocurrency exchange to offer retail customers exposure to tokenized U.S. Treasury bills. The yield-bearing product, unveiled on Monday, called RWA Earn Vaults (as in real-world assets) has been built in partnership with London-based institutional tokenization platform OpenTrade. The product’s arrival was described as a “significant milestone” by Woo X Chief Operating Officer Willy Chuang. “For the first time, retail users…
What happened The meme coin category has experienced a significant 20% gain in late March. The surge began on early Thursday with meme tokens showing increased momentum, fueled by speculation surrounding the potential integration of Dogecoin (DOGE) into a forthcoming payments service of a social application known as X. Dogwifhat (WIF) (a meme token) managed to flip Pepecoin (PEPE) in market capitalization rankings, becoming the third-largest meme token in this category. WIF’s price also rose above the $4 mark on March 28, showing the biggest price increase since its launch. Update. The WIF I sold for $800 is now worth…
In a series of recent market analyses, cryptocurrency specialists have spotlighted Bitcoin’s burgeoning on-chain metrics and its potential readiness for another massive bull run. Notable voices in the crypto analysis world, including on-chain analyst Axel and CryptoQuant CEO Ki Young Ju, have contributed to a growing sentiment that Bitcoin may be on the cusp of its next major price surge. Axel, renowned for his insightful interpretations of Bitcoin’s on-chain data, highlighted the significance of the UTXO Profit/Loss (P/L) Supply Ratio Momentum, a sophisticated metric assessing short-term versus long-term profitability based on Bitcoin transactions. According to Axel, this metric is calculated…
Many narratives have gained the attention of market participants this cycle. But not all of them have stayed relevant for a long period. However, there are three that have remained on the lips of investors and traders alike which are meme coins, AI, and Real World Assets (RWAs). But these sectors did not just pop out as there are reasons investors are bullish on them. In this piece, Coin Edition explains why all three may outperform other sectors and why participants have stuck their guts with them. Memecoins For memecoins, the strength of the community is one reason investors have…
A Nigerian startup specializing in blockchain-based payments and remittances has entered into a partnership arrangement with the stablecoin issuer Tether. The arrangement is expected to extend the benefits of stable digital transactions to a larger number of consumers and businesses across the African continent. Ivorypay, Tether Partnership Aims to Boost User Confidence Ivorypay, a Nigerian startup specializing in blockchain-based payments and remittances, has formed a partnership with Tether. This collaboration allows the stablecoin issuer to mint and issue USDT directly to Ivorypay. The partnership is anticipated to enable more affordable transactions, thereby fostering increased confidence among Ivorypay users. A media…
Bitcoin, the pioneer cryptocurrency, continues to gain attention with its relentless surge in value, captivating investors worldwide. In a recent turn of events, the cryptocurrency market witnessed an extraordinary feat as a massive Bitcoin whale, who owned a staggering 8,500 BTC, hit millions of dollars in jackpot as Bitcoin’s price rose. Lookonchain, an on-chain analytics platform, reports on a whale who struck a massive $217 million jackpot on Bitcoin as prices surged. The #Bitcoin price just topped $73,000!Sharing a smart whale who made ~$217M on $BTC, and currently holds 4.3K $BTC($313M)!He deposited 100 $BTC ($7.22M) into #Binance 3 hours ago…
Grayscale Investments, the most prominent crypto asset manager, has adjusted its Digital Large Cap (DLC) Fund by divesting from Cardano (ADA) and reallocating the proceeds towards acquiring XRP and other existing assets. Grayscale officially communicated this move through a press release detailing the fund’s quarterly rebalancing. The rebalancing concerned several of the firm’s investment products, specifically its Digital Large Cap Fund, Smart Contract Platform Ex-Ethereum Fund, and DeFi Fund. Grayscale’s New XRP Holding According to the report, Grayscale modified its DLC’s portfolio by liquidating its Cardano holdings. Consequently, the firm diverted the cash returns from the sale to acquire other…