Author: NBTC
RWAs continue to experience growth led by tokenized U.S. Treasuries. BlackRock’s boasts a market value of over $500 million. The market value of on-chain real-world assets (RWAs), excluding stablecoins, continues to rise, representing continued investor interest in blockchain-based tokenization of traditional assets. Currently, total RWAs are worth more than a record $12 billion, according to a report published by Binance Research on Friday. That amount excludes the $175 billion stablecoin market. Tokenization of RWAs like real estate, government bonds, stocks, and intangible assets like carbon credits makes traditionally illiquid markets easier to trade, allowing investors to purchase assets in fractions…
Switzerland has taken a step further in embracing crypto with the recent expansion of the instant payment scheme as other banks integrate XRP into their trading platforms. According to reports, 28% of banks in Switzerland allow or are planning to allow customers to invest in crypto. According to an announcement by the Swiss National Bank (SNB) and financial infrastructure operator SIX Interbank Clearing Ltd, Switzerland has reached an advanced phase in its effort to leverage the power of instant payment schemes to go cashless. In the SNB report reviewed by Crypto News Flash, about 60 financial institutions within the country…
Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over their finances without compromising privacy. Best of Both Worlds Zano, the layer one (L1) blockchain, has partnered with the privacy bridge Confidential Layer to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets…
The price of Bitcoin continues to tumble and has just hit the $50,000 price mark. Crypto analysts battle over what will happen next, some remain certain of a BTC recovery. Another analyst predicted this crash and expects $47,000 BTC bottom along with altseason. The crypto market continues to collapse as the price of BTC hits $50,000 falling by over 26% and the price of Ethereum falls to $2,255 falling by over 32%. As many traders and holders scramble to manage risk, the crypto community is torn between holding, selling, or pumping their assets. Amidst the chaos, Doctor Profit, a reputed…
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the CMC Research and Footprint Analytics study, Bitcoin’s role in defi has undergone a major shift, evolving from its origins as a peer-to-peer currency to becoming a significant player in the defi ecosystem. Advances like Rootstock and Taproot are allowing Bitcoin to support more complex financial…
The interest rate decision to be announced by the FED next week is being followed carefully in the Bitcoin (BTC) and cryptocurrency markets as well as in global markets. While the FED, which has kept interest rates unchanged for more than a year, is expected to begin a rate reduction cycle in September and make its first rate cut, important statements came from International Monetary Fund (IMF) spokesperson Julie Kozack. Julie Kozack, in her press statement, pointed out that the upward risks in inflation in the US have decreased and said that they think it would be appropriate for the…
Mina Protocol has announced that digital assets custody and management firm Copper has added support for its native token MINA. The platform announced the development in a press release on Wednesday, with Mina Foundation highlighting that Copper now supports institutional custody and staking of the Mina Protocol token. “This strategic collaboration is aimed at accelerating the growth of zero knowledge technology with increased liquidity from institutions to help secure the Mina network,” Mina Foundation CEO Kurt Hemecker said. What does this mean? Support for MINA expands Copper’s crypto custody and staking products. It adds to recently announced support for Hedera…
peaq, the L1 blockchain for DePIN and real-world assets, announces the massive expansion of its ecosystem as DeNet joins to deploy its DePIN-powered storage layer. Besides migration from Polygon (POL), DeNet shares the plans of upcoming token mints. Innovative DePIN project DeNet comes to peaq: Details Decentralized storage protocol DeNet, a trailblazer in the segment of data for DePIN, has begun the migration from Polygon (POL) to peaq, a DePIN-centric layer-1 blockchain. As part of this massive move for the global DePIN segment, DeNet is expected to launch two utility tokens. DeNet is Coming Home: the Home of #DePIN 🏡We…
The crypto market has suffered a severe downturn over the past 24 hours, with Bitcoin plunging 17% to a five-month low of approximately $49,700, TradingView’s data shows. The panic sell resulted in over $1 billion in liquidations, according to data from Coinglass. Source: Coinglass Bitcoin, the largest crypto asset, fell to its lowest point since late February before recovering slightly to trade near $53,000. The sell-off triggered a wave of liquidations, with around $900 million in long positions eliminated. Bitcoin traders bore the brunt of the losses, accounting for $360 million in liquidations, followed by Ethereum with $344 million. Source:…
Just 24 hours ago, it was thought to be nearly a done deal that the U.S. Federal Reserve could trim its benchmark fed funds rate by just 25 basis points when it meets next week, but the calculus has quickly changed. After all, the employment picture, as suggested by the August jobs report last week remained robust. And inflation, as shown by this week’s CPI and PPI reports, continued to remain a bit stickier than hoped. Wall Street Journal report Nick Timiraos – occasionally referred to as “Nikileaks” due to his excellent sources inside the Fed – Thursday afternoon, however,…