Author: NBTC
Coinbase has teased the upcoming launch of cbBTC, a new tokenized version of Bitcoin, on its Base network. Experts told Decrypt they think it could reshape the landscape of tokenized Bitcoin (BTC). This new token, announced via a cryptic tweet in the early hours Wednesday, signals Coinbase’s ambitious plans to expand its tokenized asset offerings and potentially reshape the landscape of wrapped Bitcoin. Coinbase has not yet responded to requests for more details from Decrypt. The introduction of cbBTC comes as the demand for tokenized Bitcoin on Ethereum Virtual Machine (EVM)-compatible chains continues to grow. Nearly 156,608 BTC, valued at…
MicroStrategy co-founder Michael Saylor recently took to social media to compare the performance of his company to some other prominent names since August 2020. Unsurprisingly, the business intelligence firm ended up at the top with extremely impressive gains of 1,113%. Nvidia, for comparison, comes only in second place at 1,059% despite greatly benefiting from the artificial intelligence craze. In June, it managed to overtake Microsoft, becoming the most valuable company in the world. The company’s chips power a lot of widely used AI tools, including ChatGPT. Arista Networks, a Santa Clara-headquartered computer networking company, comes in rather third place with…
The mysterious SHIB lead Shytoshi Kusama has published two tweets, spreading intrigue among the Shiba Inu army as he talked about the important upcoming event in Kyoto, Japan – IVS2024. This is the largest startup conference in Japan. Kusama stressed that he feels excitement about this approaching conference. Shytoshi Kusama makes unexpected announcement One tweet published by Kusama written in capital letters says “EXCITED” as he quoted a tweet about the approaching IVS2024 event. In the second one, Shytoshi Kusama made a curious statement, in which he promised to “show the world the importance of Web3.” EXCITED!!!! https://t.co/7K1R8qgGIC — Shytoshi…
According to what has emerged in the last few hours, the US House Financial Services Committee is about to face many discussions related to cryptocurrencies, DeFi, and “pig butchering” scams, with the possibility of approving a specific law by the end of the year. September will be a very intense month under the lens of cryptocurrency regulation in the United States, as the SEC prepares to testify before the House and the Senate. At stake are several relevant issues for the future of the sector, including the potential integration of the “Financial Innovation and Technology for the 21st Century Act”…
Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, blockchain-based remittances settle within an hour, outpacing both digital and cash methods. Visa’s pilot with Crypto.com using USD Coin (USDC) on the Ethereum blockchain has streamlined cross-border settlements for their Australian card program, reducing complexity and time. While conventional card networks like Visa and Mastercard offer quick authorization, actual fund transfers can take days, especially for cross-border transactions. Average settlement time for cross-border payments. Image: Binance Research Moreover, the cost benefits are highlighted…
Layer-two blockchain protocol Optimism (OP) asserts that its Superchain offers a new, shared approach to scaling that sustainably benefits everyone. The blockchain protocol made this claim via its official X account after outlining the steps to building sustainable long-term economic growth. 🔄The Superchain is pioneering a new, shared approach to scaling in a sustainable way that benefits everyone.To date, revenue contributions from OP Chains in the Superchain…14,000+ ETH and 📈 pic.twitter.com/piWGmXPVXT — Optimism (@Optimism) August 26, 2024 Optimism’s team stated that the revenue generated from OP Chains in the Superchain exceeds 14,000 ETH. The protocol listed several OP Chains, such…
Will Bitcoin’s price hold above critical support levels as the market digests cooling inflation and yen trade risks? Table of Contents A brief look at inflation figures Yen carry trade uncertainty continues to cloud the market What’s happening in the market? What to expect next? A brief look at inflation figures Inflation is like the temperature in a room — too hot, and it’s uncomfortable; too cold, and it’s just as bad. For the past few months, the U.S. economy has been trying to find that ‘just right’ spot and all eyes are on the latest numbers to see where…
BeInCrypto’s Asia Crypto Roundup dives into the region’s most crucial updates and developments. Covering key markets like China, South Korea, Japan, and Singapore, our roundup offers insights into Asia’s regulatory shifts, blockchain innovations, major project launches, and market trends. Last week’s notable events include Story Protocol’s successful $80 million series B funding round and Dubai’s legal ruling that recognizes cryptocurrency payments for salaries. Bitpanda and RAKBANK Partner to Boost UAE’s Crypto Access On August 19, Bitpanda Technology Solutions (BTS) and The National Bank of Ras Al Khaimah (RAKBANK) finalized an agreement to enhance digital asset access in the UAE. This…
Shiba Inu lead developer Shytoshi Kusama breaks a 13-day silence on X to bring something exciting for SHIB enthusiasts. In an X post yesterday, Kusama called the community’s attention to a recent update from the organizers of the highly anticipated IVS Crypto 2024 KYOTO. In a June 27 disclosure, the organizers stressed that IVS Crypto 2024 KYOTO is around the corner, with only eight days left for the event to kick off. The post pointed out that tickets to over 250 side events were sold out. However, people who wish to experience these events can attend the IVS Crypto 2024…
The US Securities and Exchange Commission (SEC) has highlighted the need for retail investors to gain more timely access to fund portfolio data. However, the answer may be at odds with the SEC’s recent approach, as the data could be significantly enhanced through the use of blockchain oracles like Chainlink. As Commissioner Jaime E. Lizárraga noted, the current regulatory framework mandates that registered investment companies, which encompass a $28 trillion industry of mutual and exchange-traded funds, provide periodic portfolio holdings data to the Commission and investors. However, this data is often delayed, impacting approximately 70 million US households and leaving…