Author: NBTC

Cardano has achieved a major milestone in its long-term interoperability strategy by establishing its first live on-chain Inter-Blockchain Communication (IBC) connection with Injective on testnet. The achievement marks the first time Cardano has connected to another blockchain through a live on-chain IBC rail, enabling native cross-chain asset transfers between the two ecosystems. Through the testnet integration, users can send $ADA from Cardano to Injective and transfer $INJ from Injective back to Cardano. Both the Cardano Foundation and Injective described the development as the beginning of a new era of interoperability between the two networks. According to the announcement, the integration…

The UK Financial Conduct Authority has targeted three London premises suspected of running illegal peer to peer crypto trading businesses, extending an enforcement campaign against unregistered digital asset activity. According to the FCA, the operation was carried out on Sept. 10 alongside HM Revenue & Customs and the Metropolitan Police Service. Cease and desist letters were issued at all three locations, requiring traders to stop any suspected illegal crypto business. Peer to peer crypto trading involves people buying and selling digital assets directly with one another. Personal transactions do not require FCA registration, but anyone conducting the activity by way…

Polymarket has hired former Zora CEO Jacob Horne to work on product with an emphasis on its DeFi offering, as CEO Shayne Coplan acknowledged that the performance of the prediction market’s onchain product has “waned” while the company scaled. Coplan said some longtime users believed Polymarket had shifted its focus to the U.S. business. He said the company is working to unify its products, but did not specify a launch date or identify any fee, liquidity or routing changes. Polymarket will hold a DeFi town hall “soon” to collect feedback and lay out its plan, Coplan said. He invited users…

Anchorage Digital Bank, the first federally chartered crypto bank in the US, has added custody support for Etherlink and seven assets on the Tezos layer-2 network, including xU3O8, a token representing physical uranium. The other supported assets include wrapped XTZ (WXTZ), liquid staking token stXTZ, stablecoins USDT, USDC and USDSM, and wrapped Ether (WETH), according to an announcement shared with Cointelegraph. The integration allows Anchorage’s institutional clients to custody assets issued on Etherlink, an Ethereum Virtual Machine-compatible layer-2 network that settles on Tezos, through segregated accounts at the federally chartered bank. xU3O8 represents ownership of physical uranium, giving investors exposure…

Top financial advisor Ric Edelman has compared buying bitcoin today to Amazon back in 1999. Edelman, founder of Edelman Financial Engines, told Bitcoin Magazine TV on Thursday that he also expects the price of the leading cryptocurrency to hit $500,000 by 2030. The leading cryptocurrency was recently priced at nearly $76,522 after jumping 1% over the past day. The coin had its best run in years in August after months of trading below $65,000 — significantly below its October record of $126,080. “Back in 1999, people were arguing over whether to invest in Amazon,” Edelman said. “Nobody has that argument…

PancakeSwap enhances its ecosystem through several strategic partnerships and product launches, including the introduction of PancakeSwap Infinity as the default graduation platform for pairdotfund. This development highlights PancakeSwap’s commitment to innovation in the DeFi space and aligns with broader trends in tokenization on the BNBCHAIN. As a result, users can expect improved liquidity solutions and enhanced trading experiences. Breaking It Down The latest updates in the PancakeSwap ecosystem include the launch of PancakeSwap Infinity as the default platform for pairdotfund, a significant move aimed at enhancing user experience and liquidity. Additionally, rTokens from RealityFi are now available on the Stock…

Ethereum spent most of this year looking like the coin everybody had given up on. Then one candle in August changed the entire picture, and $ETH has been quietly building a launchpad ever since. The $3,000 level is no longer a fantasy number. It is roughly 19% away, and the chart is doing exactly what it needs to do to get there. Where Is the $ETH Price Right Now? $Ethereum is trading at $2,510 on the daily, up 2.65% on the session, after opening at $2,445 and tagging $2,518 intraday. The low of the day was $2,435, which is the…

Banks defend themselves against stablecoins by saying they are building tokenized deposits to modernize payments, with programmable money and around-the-clock settlement. Falcon Finance chief RWA officer Artem Tolkachev told CryptoSlate that the explanation covers only half the reason: “It is the balance sheet, not the technology.” A tokenized deposit keeps the money a stablecoin would move off a bank’s balance sheet, leaving it as a deposit the bank can still lend against. Tolkachev said: “A stablecoin competes with the deposit. A tokenized deposit is the deposit, just programmable.” Underneath stablecoins and tokenized deposits Tolkachev said that, to whoever is holding…

Ripple minted $133.3 million in $RLUSD on the $XRP Ledger on August 3, according to data from the Ripple stablecoin tracker website. The substantial mint on the $XRP Ledger comes amid growing activity for $RLUSD and rising demand for stablecoin liquidity. The minting introduces new liquidity to the XRPL ecosystem, where $RLUSD has been broadening its role across payments, decentralized finance, and institutional use cases. In the last seven days, $185 million in $RLUSD has been minted on the $XRP Ledger, bringing the total to $309 million in the last 30 days. $RLUSD supply on the $XRP Ledger has surpassed…

Han, whose crypto exchange focuses primarily on Asia and is ranked fifth on CoinGecko, said the short-term winners are likely to be digital asset service providers with licenses in overseas regulated markets. Even so, the U.S. limbo is not good for the industry overall, regardless of where crypto service providers are based, he said. The Senate impasse leaves the U.S. and U.K., whose full rules don’t come into effect until next year, among the few major global financial hubs without clear rules for the industry. The European Union adopted its Markets in Crypto Asset (MiCA) regulations, which came into full…