Author: NBTC
RBI Governor rejects cryptocurrencies, praises blockchain’s role in CBDC trial. Tokenization is praised for democratizing access to high-value assets, and fostering ownership. In a recent candid interview with a popular media platform, the Reserve Bank of India (RBI) Governor, Shaktikanta Das made it clear that cryptocurrencies are a firm “no” for the central bank. However, he didn’t shy away from acknowledging the merits of blockchain technology, particularly in the RBI’s Central Bank Digital Currency (CBDC) trial. “The underlying technology has been there. It will be there. We are using blockchain in our CBDC trial project,” the RBI Governor stated confidently.…
Popular Shibarium validator NOWNodes has welcomed new projects being built on the network, pledging to support their journey. As the Shibarium network continues to gain traction, one validator has extended open arms and pledged to provide relevant guidance for upcoming projects. NOWNodes was one of the earliest blockchain infrastructure providers to enable Shibarium support. In its most recent update, NOWNodes showed that it was doubling down on Shibarium. The validator acknowledged that more and more projects are pivoting to Shibarium, with new token launches also anticipated. NowNodes has decided to provide guidance for these new projects, including steps on how…
The Crypto Fear and Greed Index, a pivotal gauge of market sentiment, has soared to unprecedented levels since Bitcoin’s all-time high. Recent data reveals that on February 13, the index surged to 79, marking its highest point since mid-November 2021, when Bitcoin skyrocketed to $69,000. The ongoing rally in Bitcoin, coupled with this latest surge of greed, follows the introduction of US-based spot Bitcoin exchange-traded funds (ETFs). Industry Leaders Warn of Potential Dip Amidst Extreme Crypto Greed This surge in greed follows closely on the heels of Bitcoin’s breach of the $50,000 mark on February 12. BTC has been on…
Crust, a decentralized cloud storage provider, partnered with HydraDX’s Omnipool to make Polkadot more liquid and accessible. This group effort to improve blockchain trading efficiency and accessibility advances decentralized finance (DeFi) and blockchain technology. Exciting news! CRU has officially joined the @hydra_dx Omnipool, boosting liquidity within the Polkadot ecosystem. ⬇️Check out the step-by-step guide in our latest article! pic.twitter.com/wj3GAKh5Lf — Crust Network (@CrustNetwork) March 1, 2024 $CRU on HydraDX’s Omnipool Streamlines Polkadot Transactions HydraDX is a unique DeFi protocol that addresses Polkadot ecosystem liquidity fragmentation. HydraDX’s Omnipool matters most. It is an advanced Automated Market Maker (AMM) that pools all…
A widely followed cryptocurrency analyst and trader doesn’t believe Ethereum (ETH) could lose its top layer-1 (L1) position anytime soon. The analyst pseudonymously known as Kaleo tells his 615,900 followers on the social media platform X that the second top-performing digital asset by market cap enjoys a comfortable edge over its multiple competitors. The trader believes there’s little chance of ETH losing its top spot in the current crypto market cycle to any L1 project. However, he says the odds of a competitor dethroning ETH could increase after two additional market cycles. “Gonna put this out there: for as much…
The main positive catalyst for crypto markets last year, the launch of spot bitcoin (BTC) exchange-traded funds (ETFs), has the potential to reverse and disappoint investors in 2024, JPMorgan said in a research report Monday, downgrading U.S. exchange Coinbase (COIN) to neutral. The bank cut its rating on the stock to neutral from underweight, with an unchanged price target of $80. Coinbase shares fell 4.1% to $122.90 in premarket trading. After the stock’s 390% gain last year, 2024 could be more challenging, despite the exchange’s progress in a number of important initiatives, the bank said. “While we continue to see…
Dfinity, a blockchain project, has achieved a significant milestone by securing the number one position in terms of development activity among crypto assets. This marks the first time Dfinity has reached this peak. Moreover, it indicates a surge in notable development within its ecosystem. Dfinity ICP Coin Surpasses Market Giants in Development Historically, projects with significant market capitalization—often among the top 50—have controlled the top 10 cryptocurrencies. Despite predictions, Dfinity’s ICP coin has the most development activity. This accomplishment shows Dfinity ecosystem growth and drive. On-chain analytics service Santimentfeed paints a persuasive picture of Dfinity’s development success. Data shows a…
Revolutionizing RWA liquidity with seamless tokenization and traditional exchange access. Ondo Finance’s BPI enhances liquidity for scalable, on-chain securities. Ondo GM transforms RWA dynamics, fostering DeFi evolution with liquidity solutions. Ondo Finance has unveiled Ondo Global Markets, a groundbreaking platform addressing the liquidity challenge in Real World Assets (RWA). The platform integrates all publicly traded securities on-chain, providing direct access to traditional securities exchange liquidity, including major exchanges like Nasdaq, NYSE, and LSE. 1/ 🚨 @OndoFinance is solving the RWA liquidity problem 🚨Introducing Ondo Global Markets, a platform to bring all publicly traded securities onchain with native access to traditional…
Deribit Ethereum (ETH) options contracts with a strike price of $2,550 are set to expire on Friday. There are over 24,600 outstanding contracts worth more than $62 million at this price, even as the ETH’s price is $2,541.79 ahead of an exchange-traded fund (ETF) approval deadline in May. The large volume of contracts appears to reflect market sentiments around the potential approval of exchange-traded funds that track the price of ETH directly. ETH ETFs May Not Live Up to Expectations The market expects the ETH price to rise to $2,900 on March 29, 2023, and $5,000 by June, following the…
Israel-based zero-knowledge technology startup Ingonyama raised $21 million in seed funding. The company hosts open-source libraries for zk proof acceleration with a longer-term goal of creating zk-focused semiconductors. The round was led by Geometry, Walen Catalyst Ventures and IOSG Ventures, with participation from Samsung Next and the companies behind ZCash, Arbitrum and Filecoin, among others. Zero-knowledge proofs are a cryptographic tool that allow a statement to be proven true without revealing the contents of the statement itself. Zk proofs are commonly used in crypto for verifying transactions on blockchain-scaling rollups. Read more: There’s too much trust in zero-knowledge tech Though…