Author: NBTC
Jamaica has pledged to invest millions of dollars in upgrading the country’s Point-of-Sale (PoS) equipment to handle JAM-DEX, 18 months after the central bank digital currency‘s (CBDC) launch. JAM-DEX launched in July 2022 as the Caribbean island nation’s push to promote financial inclusion. However, the CBDC’s adoption has been lackluster and has failed to meet its targets despite efforts such as a CBDC-powered digital marketplace. One of the challenges has been that the country’s PoS machines are unable to handle CBDC transactions, and the Bank of Jamaica (BOJ) has pledged to jump in and spend millions of dollars on their…
Bitcoin is making waves on Wall Street, with BlackRock and Fidelity, two of the popular spot Bitcoin exchange-traded funds (ETF) issuers shattering records. Looking at recent trends, spot Bitcoin ETFs are surging in popularity, indicating that institutional investors, or “whales,” are diving headfirst. Fidelity And BlackRock Spot Bitcoin ETFs Break Wall Street Record Mark Wlosinski, a crypto commentator, took to X on February 12, highlighting the meteoric rise of BlackRock (IBIT) and Fidelity (FBTC) Bitcoin spot ETFs. Both have amassed a staggering $3 billion in assets under management (AUM) within 30 days. This feat is historic, marking the first time…
The following is a guest post from John deVadoss. The promise of cryptoeconomics lies in its moon-shot ambition of creating new economic platforms, built on the aspirational ideas of decentralization and democratization and enabling inclusive and equitable governance models, thereby leveling the playing field for the common man. We are at a decisive fork in the road for the industry, where most of the energy, as well as capital, is being prioritized towards Proof of Stake and staking, liquid staking, re-staking etc.Let us take a quick look back at history and examine the implications of what this entails for the…
Residents of China have begun actively converting their savings into cryptocurrencies, using creative ways to own Bitcoin (BTC) and other crypto assets prohibited in the country. According to Reuters, although cryptocurrency is banned in mainland China and there are strict controls on the movement of capital across borders, people can still trade tokens such as Bitcoin on crypto exchanges such as OKX and Binance or through other over-the-counter channels. In addition, Mainland China investors can also open overseas bank accounts to purchase crypto assets. Following Hong Kong’s open approval of digital assets last year, Chinese citizens use their annual $50,000…
More than $11 million worth of digital assets were removed as liquidity from various pools of the controversial crypto project SafeMoon, according to blockchain security firm Cyvers Alert. Following the news, SafeMoon’s SFM token fell 6% to $0.00003134 as of press time, according to CryptoSlate’s data. Liquidity removed In a Feb. 12 post on social media platform X (formerly Twitter), Cyvers Alert stated that it detected an unusual transaction linked to Safemoon. The transaction involved the movement of liquidity from various pools, facilitated by a newly established address labeled as an “approveLiquidityPartner.” This address executed approximately $11.2 million in transfers,…
American financier and SkyBridge Capital founder Anthony Scaramucci has sent a light-hearted note to investors who think they may have missed the Bitcoin price rally, but have not lost anything in reality. Bitcoin Price to See Brighter Days Bitcoin price climbed to $50,000 this week marking a new high since 2021. The uptick in Bitcoin price drew a lot of attention from investors worldwide who wanted to grab as much profit before the market went sour. Scaramucci thinks that some average investors may think that they have missed the Bitcoin buying opportunity. For those asking if this is the case,…
The cryptocurrency market is currently on the edge, with increasing concerns that Grayscale might persist in selling its Bitcoin holdings. This fear stems from investors shedding shares of the GBTC ETF, sparking a wider market sell-off. Amid this downturn, the second-largest cryptocurrency Ethereum formed a local top at $2700 and entered a new correction phase. Within a fortnight, the ETH price is down 9% to currently trading at $2467. Moreover, a notable development in Ethereum’s Implied volatility and Option writing for coming months projects that future traders are expecting a prolonged correction for this asset. ETH Price Analysis: Expanding Channel…
Ripple CTO David Schwartz has provided insights into Ripple’s strategic move into the projected $10 trillion crypto custody market with significant players such as Metaco and HSBC. His remark on the subject came during a recent interview on the Thinking Crypto Podcast. Specifically, the conversation shed light on Ripple’s acquisition of Metaco, a custody-focused firm. The host referenced last year’s news about Ripple’s acquisition of Metaco and its subsequent partnership with global banking giant HSBC. He inquired about the specifics of these moves and whether HSBC would integrate the XRP Ledger into its operations. David Schwartz of #Ripple talks partnership…
Whether you pick the wrong track when skiing, lose your breaks on the highway, read von Clausewitz, or play a strategy video game, the concept of snowballing is likely something you have already met at one point or another. Additionally, snowballing is certainly something Cardano (ADA) has been experiencing for several months – particularly upon integrating smart contract functionality into its network. At the end of 2023. Finbold reported that the Plutus smart contracts platform – v1 and v2 – on Cardano hosted 14,302 smart contracts, meaning their number surged by 10,000 throughout the year. While the figures were and…
Bitcoin BTC projected to soar, aiming for a remarkable $100,000 and potentially reaching $183,446.17. Profitability hinges on the sustained upward trend throughout 2024, promising substantial gains for investors. Bitcoin’s success in stabilizing market sentiment crucial for maintaining a stable coin price for the next year. In a revolutionary turn of events, Bitcoin BTC takes center stage in the 2024 crypto landscape, with projections indicating substantial growth. Market analysts forecast Bitcoin to surpass the $100,000 mark, paving the way for an unprecedented surge to $183,446.17 by December. Bitcoin’s remarkable ascent positions it as a dominant force, redefining expectations and reshaping the…