Author: NBTC
Is Bitcoin a “risk-on” or “risk-off” asset? Analysts at the world’s largest asset manager BlackRock say the leading digital currency qualifies as neither. In a PowerPoint document shared Wednesday, BlackRock said its clients largely view Bitcoin as insurance against a possible U.S. debt crisis, and that Bitcoin has “little fundamental exposure” to the macro variables that affect other asset classes. Some of its defining attributes, BlackRock analysts noted, are Bitcoin’s limited supply supply, global nature, and ease of transfer across borders. “The growing concerns in the U.S. and abroad over the state of U.S. federal deficits and debt has increased…
Ripple, a major crypto company based in San Francisco, has finally broken its silence regarding its upcoming digital asset innovation – Ripple USD, or RLUSD stablecoin. As the crypto payments and remittances provider remained silent about the innovation, the crypto space began to be filled with different types of news, opinions and insights, many of which lacked substance. That is why Ripple decided to make a public announcement to clear the air and answer all relevant questions about the launch of the stablecoin once and for all. In its latest post on social network X, the San Francisco-based company explained…
Crossmint has announced its expansion into the Avalanche ecosystem, offering developers enterprise-grade blockchain solutions. This launch facilitates the rapid deployment of applications within minutes, equipped with features such as wallets, APIs, KYC/AML processes, and verifiable credentials. Crossmint shared this strategic news with the developer and user community through its official social media platform, X. We’re live on @avax!🔺 Get all the infrastructure you need to launch enterprise-grade apps on the Avalanche C-Chain.🔺 Wallets, tokenization, payments, and more—accessible via simple APIs and no-code dashboards. pic.twitter.com/uXZnW4FYHj — Crossmint (@crossmint) October 10, 2024 Avalanche’s Tools Enhance the Payment Solutions of Crossmint The integration…
Asset manager Grayscale has launched the Grayscale Decentralized AI Fund, which offers accredited investors exposure to decentralized artificial intelligence protocols. Grayscale Decentralized AI Fund is now open to eligible accredited investors. Get diversified exposure to the intersection of AI and crypto with fund holdings: $NEAR $RNDR $FIL $LPT $TAO. See important disclosures or speak to a team member: https://t.co/gYetdms280 pic.twitter.com/wqoEFYL7KE — Grayscale (@Grayscale) September 30, 2024 Previously available only through private placement, the fund now offers a diversified basket of native tokens from leading decentralized AI and blockchain projects. The fund is rebalanced quarterly to maintain its investment objectives, with…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When Vitalik Buterin, co-founder of Ethereum (ETH), announced the completion of the long-awaited Merge in September 2022, efficiency was the name of the game for blockchain innovation. In recent years, scalability has overtaken efficiency as the most pressing issue among the ‘big five’ challenges currently facing web3. You might also like: Ethereum’s lowered yield might signal a paradigmatic shift in the ecosystem | Opinion Prominent layer-1 chains are now giving way to a wave of emerging layer-2…
Two of Bitcoin’s pre-eminent thought leaders are at odds with each other as to whether banks can – or should – provide sustainable yield on their customers’ BTC deposits. Michael Saylor – executive chairman of MicroStrategy, the world’s largest corporate Bitcoin owner – said in a recent podcast appearance that Bitcoin could become a form of “perfected capital” that also generates a return for its holders through digital banking services. By contrast, Saifedean Ammous – author of the famous Bitcoin tome “The Bitcoin Standard” – countered that sustainable yield isn’t possible with a fixed supply asset like BTC. Can Bitcoin…
General Updates Rise In hosted its 24 hour Neo X Grind satellite hackathon event in Gurugram, India. Over 170 attendees and 40 teams competed for a US $10,000 prize pool. Rise In is a Web3 coding bootcamp platform that offers intensive learning programs, mentorship, and networking opportunities to budding developers. The Graph developer relations representative Marcus Rein delivered a presentation on building custom subgraphs, querying Web3 data, and optimizing indexing on Neo X for the Grind Hackathon. The discussion focused on setting up APIs and creating and disseminating subgraphs. Flamingo announced the forthcoming relaunch of the Poly Network bridge and…
LayerZero (ZRO), a leading altcoin, recently revealed that its cross-chain interoperability protocol is now functional on the Unichain testnet. This move, announced on October 11, allows developers and applications associated with more than 90 blockchains to engage with the Unichain ecosystem. Contents hide 1 Why Is LayerZero’s Integration Significant? 2 How Does Unichain Support Decentralized Finance? Why Is LayerZero’s Integration Significant? The debut of LayerZero on Unichain opens up a wealth of opportunities for developers across multiple blockchains. This integration enables them to experiment with their existing projects on Unichain while capitalizing on its unique features to create cross-chain solutions.…
Bitcoin (BTC) experienced heavy volatility on Sept. 19 following the Fed’s FOMC meeting but maintained its position above the $60,000 threshold. Fed chair Jerome Powell confirmed weeks of speculation by announcing a 50 basis point rate cut after four years of restrictive monetary policy. According to the press release: “The Committee has gained greater confidence that inflation is moving sustainably toward 2 percent, and judges that the risks to achieving its employment and inflation goals are roughly in balance.” The policy shift comes after a prolonged period of rate hikes by the Fed, which raised interest rates to combat inflation…
While the crypto markets are losing all of the gains triggered by a weekend optimism spike, some large meme cryptocurrencies are outperforming all competitors. By contrast, two meme coin behemoths, SHIB and DOGE, are in the red today, together with other large caps. BONK, WIF, POPCAT: Meme coins in top gainers today Today, Sept. 30, 2024, amid the five best performing cryptocurrencies, two represent the meme coin segment. Dog-coins Bonk (BONK) and Dogwifhat (WIF) added 7.1% each in the last 24 hours. Dogwifhat (WIF), one of Solana’s most unusual meme coins, punished bears: over $2.17 million in liquidations were registered…