Author: NBTC

WisdomTree Prime, the firm’s digital asset app, went live in New York on Thursday. The app allows users to save, spend and invest in digital assets on-chain. The move comes as one of the firm’s biggest shareholders is urging investors to vote against the reappointment of CEO Jonathan Steinberg given his strong push into crypto. WisdomTree’s digital asset app, which offers users access to bitcoin (BTC) and Ethereum’s ether (ETH) as well as dollar and gold tokens, on Thursday became available to customers in New York, even as CEO Jonathan Steinberg is under pressure from shareholders as a result of…

SBI Holdings, one of Japan’s leading financial institutions, announced its decision to join XRP Ledger (XRPL) as a validator. The company’s cryptocurrency subsidiary, SBI VC Trade, will begin operating as a node operator for the protocol starting May 10, 2024, to support the growth of the XRPL ecosystem. SBI Holdings has a long-standing history of using XRP Ledger through Ripple Payments, a blockchain payment infrastructure provider that leverages XRP to facilitate global payments. Building on this relationship, SBI Holdings has expanded its relationship with XRPL through SBI VC Trade, becoming the latest node operator to join the network. A representative…

XION, a multi-chain cryptocurrency payment processor, has recently announced its latest partnership. As per the company, it is collaborating with Saga, an L1 blockchain protocol, to offer Chain Abstraction for chainlets for more scalability and increased mainstream adoption. On its official account on the social media platform X, the company revealed its latest endeavor. XION is bringing Chain Abstraction to @Sagaxyz__’s ChainletsThe integration combines XION’s Generalized Abstraction with SAGA’s infinite horizontal scalability to further boost mainstream adoption through frictionless ecosystem composability.Learn more ↓ pic.twitter.com/jklsmU0vvb — XION 🔥 (@burnt_xion) May 9, 2024 XION Integrates with Saga for the Provision of Chain…

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 3.15% today against the US Dollar Bitcoin is currently trading 11.65% below our prediction on Apr 27, 2024 Bitcoin gained 2.71% in the last month and is up 142.60% since 1 year ago BTC price is expected to rise by 13.95% in…

Bankrupt crypto lender BlockFi said on May 9 that it would shut down its web platform by the end of May and rely primarily on Coinbase as a distribution partner. The change ensures that BlockFi Interest Account (BIA), Retail Loan, and Private Clients can continue to access withdrawals as part of the bankruptcy claims process. Crypto-eligible customers will be able to access funds in kind if they have an open or approved Coinbase account. The condition applies to crypto-eligible customers who did not withdraw crypto from BlockFi’s web platform by April 28 or did not verify their identity by May…

Ethena Labs presented its new roadmap, promising a convergence between DeFi, CeFi, and TradFi. Its synthetic stablecoin, USDe, aims to replicate what Tether’s USDT did in 2014 and MarkerDAO did in 2017. Ethena’s Vision: DeFi, CeFi, TradFi Convergence According to the DeFi protocol, USDe succeeds because its reserves represent more than double the open interest in each combined perpetual DEX. Ethena explained in its roadmap that it can provide valuable ‘non-toxic’ flows to exchanges DEX and CEX by using USDe as collateral and triggering open interest. It emphasized that they act as a neutral infrastructure, which has resulted in up…

A landmark in the world of cryptocurrency was reached when Bitvavo, the well-known and regulated Sweat Economy of Europe, revealed that $SWEAT – the original Sweat Economy token – is their inclusion. This latest Bitvava trading platform improvement offers new chances for development and the $SWEAT token’s presence in the cryptocurrency market cultivation. Bitvavo, which stands out due to its strong security systems and sticking to regulatory rigor, provides a comprehensive trading platform for cryptocurrency. The exchange incorporates top-notch safety features like multi-signature cold storage for maximum protection of users’ assets, with most of the funds kept offline, away from…

Exiled Russian opposition leader Mark Feygin is launching an anonymous, blockchain-powered referendum on the legitimacy of Vladimir Putin’s victory in Russia’s election. The vote will be conducted on an app called Russia2024, built using Rarimo’s Freedom Tool. Vladimir Putin just won his fifth term as Russian president, though the 87% landslide election victory has been labeled preordained, stage-managed and a farce. Now, exiled opposition leader Mark Feygin is leading an effort to give Russians an anonymous, blockchain-powered way to register a “protest vote” against Putin. The results of this effort would, of course, have no legal weight in Russia and…

The Bitcoin (BTC) on-chain dynamics after its fourth halving indicate that BTC exchange outflows are reaching peaks not seen since January 2023 and that the market is showing a “robust absorption” of selling pressure. According to the latest edition of the “Bitfinex Alpha” report, those are “decidedly positive” on-chain metrics. Since the SEC’s approval of spot Bitcoin exchange-traded funds (ETF) in the US on January 10, 2024, the BTC landscape has seen a marked transformation, the report highlights. The first quarter of the year has witnessed Bitcoin ETFs amassing approximately $60 billion in inflows, providing significant support to the market.…

Arch Labs has secured a $7 million investment to develop a Bitcoin-native application platform. The seed funding round was led by Multicoin Capital with other participants and contributors including Portal Ventures, OKX Ventures, Big Brain Holdings, CMS Holdings, Tangent, Cypher, and Newman Capital. Arch is proud to be building and innovating in the Bitcoin ecosystem, alongside some of the industry’s top funds and strategic partners. Announcing the closing of our seed round led by @multicoincap, hear what they have to say about us: “Arch Network’s emergence is a direct… pic.twitter.com/jT6Qy6a45y — Arch Network (@ArchNtwrk) May 9, 2024 Bridgeless Bitcoin-Native Network…