Author: NBTC

The European Investment Bank (EIB) has issued its fifth digital bond: a €100 million ($105.6 million) fixed-rate three-year bond that settles in a wholesale central bank digital currency (CBDC) as part of the ongoing CBDC trials across the European Union. EIB first issued a digital bond in 2021, tapping a public blockchain to register and settle the digital bond in a pilot that involved Banco Santander (NASDAQ: SAN), Societe Generale (NASDAQ: SCGLY), and Goldman Sachs (NASDAQ: GS). It has explored diverse features with each new issuance; the third bond, for instance, was deployed on a private blockchain network. The second…

OKX has announced a partnership with Forteus, a digital asset management firm, and Komainu, a regulated digital asset custody provider. This agreement enables Forteus to trade continuously on the OKX platform while its assets remain securely held in segregated custody with Komainu. Under the terms of the arrangement, Komainu will provide qualified custody services and cold storage for Forteus’s digital assets. The system allows for off-exchange settlement and mirrored balances, ensuring institutional traders can access OKX’s trading solutions without transferring assets between platforms. These services include the Liquid Marketplace, a network for spot OTC, futures spreads, and options liquidity. We’re…

As noted by Blockstream CEO Adam Back, Bitcoin’s 200-week moving average (MA) has surpassed the $40,000 level for the first time. #bitcoin 200wma crossed $40k today. pic.twitter.com/yXcXo1mGmW — Adam Back (@adam3us) October 19, 2024 The leading cryptocurrency is currently changing hands at $68,352. “Up only” The 200MA level has always been treated as the price floor for the largest cryptocurrency if one takes out volatility. In face, Bitcoin has never had a monthly close below the aforementioned level even during its most severe price corrections. It is worth noting that the flagship cryptocurrency did plunge below the 200 moving average…

The US dollar index (DXY) wavered ahead of the important Federal Reserve minutes, consumer confidence, GDP, and personal consumption expenditure (PCE) data. It was trading at $107.25 on Tuesday morning, a few points below the year-to-date high of $108.08. Federal Reserve minutes ahead The DXY index will react to the upcoming Fed minutes, which will provide more details about the last monetary policy meeting by the Fed. In it, the officials decided to cut interest rates by 0.25% as they continued their focus on the labour market. Since that meeting, the US has released mixed economic data that will have…

A closely followed crypto analyst is warning that Bitcoin (BTC) is not cleared for takeoff despite rallying above $68,000. Crypto strategist Justin Bennett tells his 133,400 followers on the social media platform X that Bitcoin is flashing mixed signals as BTC threatens to surge to new all-time highs. While BTC’s price is rising, Bennett warns that the rally may not be sustainable as it is being fueled by speculators amid weak spot market volume. “People are celebrating a Bitcoin breakout from a seven-month range on a Friday (low volume) before the day or week has even closed, within a rally…

Iran’s central bank signals the imminent launch of the digital rial, a central bank digital currency (CBDC), to streamline payments and bolster international financial integration despite sanctions. Iran’s Central Bank Sends Clear Signals on the Digital Rial Breakthrough Central Bank of Iran (CBI) Governor Mohammad Reza Farzin discussed the digital rial, Iran’s central bank digital currency (CBDC), during the 11th annual conference on modern banking and payment systems, as reported by Tasnim News Agency. He described the digital rial’s operationalization as a key milestone in modernizing the nation’s financial systems and confirmed its upcoming launch. Farzin also highlighted the importance…

According to a report by cryptocurrency analytics firm CryptoQuant, The Open Network (TON) is on track to surpass Ethereum (ETH) in user numbers by the end of this year. With the rapid growth in its user base, TON is expected to surpass ETH around December 20, based on current trends. As of now, Ethereum has around 137 million users, while TON has reached an impressive 112 million users. Over the past month, TON has attracted an average of 500,000 new users daily. If this pace continues, TON could surpass Ethereum in total holders within the next two months. Despite this…

A cryptocurrency trading analyst has projected that January 2025 might be the moment when Bitcoin (BTC) clinches a new historical high. This projection follows Bitcoin’s ongoing rally that has placed the asset on the cusp of reclaiming the crucial $70,000 resistance. Alan Santana, rather than settling for conservative targets of $130,000, suggested that Bitcoin could reach the $155,000 to $200,000 range by early 2025, according to an analysis shared in a TradingView post on October 19. The expert envisioned two possible trajectories for Bitcoin’s future. In one scenario, Bitcoin could experience an early blow-off top, with a rapid bullish surge…

In Israel, the peer-to-peer protocol Kima has successfully initiated the transfer of a tokenized share via Central Bank Digital Currency (CBDC). The initiative launched by the Bank of Israel aimed to find a potential use case for the adoption of the digital shekel. Israel and the successful use case of Kima for the adoption of the CBDC Israel and the use cases for adopting the CBDC Pilot project Israel and the successful use case of Kima for the adoption of the CBDC According to what is reported, the peer-to-peer protocol of Kima has successfully implemented a use case for the…

Tether has officially launched its USDT stablecoin on the Aptos (APT) blockchain. With USDT on Aptos, transactions are expected to become smoother, cheaper, and faster. Ultimately, these could result in higher price movements for the world’s most adopted stablecoin. Aptos Finally Taps USDT On-chain, Key Implications Layer-1 blockchain Aptos focuses on delivering an efficient, scalable, and user-friendly platform for decentralized applications and smart contracts. Aptos noted that the integration will expand USDT’s reach globally and access to digital finance in emerging markets. The launch makes USDT the first stablecoin to go live on a Move-powered ecosystem. – Advertisement – The…