Author: NBTC
Protocol builders face a fragmented landscape when it comes to sorting out the mechanics of token management, BitGo says. Protocols like Worldcoin, LayerZero, SUI and ZetaChain are among the first customers of the service. Cryptocurrency custody firm BitGo is offering foundations and organizations a simplified way to manage the lifecycle of digital assets they issue, with protocols like Worldcoin, LayerZero, Sui and ZetaChain among the first customers of the service. Bitgo says it’s filling a gap in a fragmented market, with a one-stop, regulated and insured custody platform for seamless digital asset vesting, unlocking and on-chain activities. The custodial token…
In a remarkable milestone for the cryptocurrency market, Morgan Stanley has become the first major bank to approve Bitcoin for solicited sale to its clients. This major move by one of the world’s largest wealth management firms has been celebrated by many in the crypto community, including MicroStrategy’s chairman and co-founder Michael Saylor. Morgan Stanley’s decision to enable the solicited sale of Bitcoin marks a pivotal moment in the integration of digital assets into mainstream finance, with Saylor highlighting this significant milestone. Morgan Stanley just became the first major bank to approve #Bitcoin for solicited sale to their clients. https://t.co/i331HmhHAJ…
The highly sought minting process for X Empire’s NFT vouchers has officially concluded which marks a significant milestone in the lead-up to the game’s token launch. After processing all valid requests, a total of 570,000 NFT vouchers have been minted and are now available for trading on the Getgems marketplace. This development is a key step toward introducing the in-game $X token, which is expected to enhance the user experience of the Telegram-based tap-to-earn game. Purpose and Utility of NFT Vouchers These minted NFT vouchers play a crucial role in X Empire’s pre-market phase. They enable players to engage in…
With a breakout rally in motion, Tron token price hits 3-year high and teases a bull run to $0.30. Will this uptrend continue as the broader market volatility grows? Tron has successfully entered the top 10 cryptocurrencies by market capitalization after it surpassed Cardano. Currently, the TRX market cap now stands at $13.9 billion. Further, Justin Sun’s growing interest in bringing meme coin communities to boost Tron’s user base fuels the uptrend. TRON Uprising Paints a Bullish Week The weekly chart highlights Tron’s strong performance with a 35% increase over the last 14 days, supported by a Morningstar pattern and…
Chainlink CCIP cross-chain protocol is now live on ZKsync’s Era Mainnet. This integration is part of an ongoing collaboration between Chainlink and ZKsync to create a unified layer-2 ecosystem on Ethereum and increase access to zero-knowledge technology. The integration provides an additional on-ramp for users to join the Elastic Chain ecosystem and equips Web3 developers with infrastructure for creating feature-rich decentralized applications (dApps). Notably, ZKsync is also a member of Chainlink Scale, and aims to connect decentralized finance (DeFi) with traditional finance (TradFi) through this development. “As more financial institutions move onchain, the tokenization of real-world assets is growing rapidly,”…
Bitcoin layer-2 scaling networks—particularly “rollups”—have been the talk of the town in crypto developer circles as a new means to keep Bitcoin payments cheap, fast, and decentralized. But despite their vaunted promise, data and analysis from Galaxy Research suggest the vast majority of Bitcoin rollups will be unsustainable. “Rollups on Bitcoin that post data to the base layer will face a significant problem: the cost to post data,” wrote Galaxy analyst Gabe Parker in a report published Friday. “Rollups on Bitcoin will need to generate substantial revenue from transaction fees on their own networks, driven by sizable numbers of users…
SuperRare has emerged as a prominent player in the NFT ecosystem, channeling approximately $90 million into digital art and disbursing around $3 million in royalties to artists. Launched initially as a curated platform, SuperRare has evolved significantly with its 2.0 version, enabling more decentralization and artist empowerment. The recent updates have altered the landscape for creators and collectors alike, offering more autonomy and diverse engagement in the digital art arena. Contents hide 1 How Did SuperRare 2.0 Enhance Artist Involvement? 2 What Challenges Did SuperRare Address? 3 Key Takeaways from SuperRare’s Evolution How Did SuperRare 2.0 Enhance Artist Involvement? The…
Founder of IOG, the company behind Cardano, Charles Hoskinson has published a tweet, responding to Raoul Pal’s criticism of ADA and XRP. The renowned investor and Real Vision founder stated that the time of XRP and ADA has passed, hinting that Hoskinson and Brad Garlinghouse are making money by being on top of the cults made by these coins. XRP and ADA are nothing but old cult, Pal claims Hoskinson shared a tweet with a video extract where Raoul Pal talks about XRP. He says in it that this top cryptocurrency is basically outdated, it is “from two bull markets…
More than 40 financial firms will join central bank group the Bank for International Settlements to explore how tokenization can enhance wholesale cross-border payments in Project Agorá. The group will look into combining wholesale central bank money with tokenized commercial bank deposits, the BIS announced. More than 40 financial firms will join the Bank for International Settlements – often referred to as the central bank for central banks – to explore how tokenization can be used in wholesale cross-border payments through its Project Agorá, the BIS said on Monday. The financial firms were selected by the BIS following a public…
The price of bitcoin (BTC) fell below $60,000 on Saturday amid growing fears that the US could be sliding into recession, according to data from TradingView. The recent price decline followed a rough Friday marked by a weaker-than-expected US jobs report and major crypto transfers by crypto lender Genesis, as reported by Crypto Briefing. Data from the Labor Department showed that the US economy added 114,000 jobs in July 2024, considerably lower than the estimated 175,000. The unemployment rate also unexpectedly rose to 4.3%, its highest level since October 2021. These figures fueled anxieties about the health of the US…