Author: NBTC
The Hong Kong Monetary Authority (HKMA) has kicked off the second phase of its central bank digital currency (CBDC) pilot, the e-HKD, the regulator said Thursday. The central bank will continue testing from the first phase and explore new applications of a digital version of the Hong Kong dollar. The HKMA completed Phase 1 of the pilot program, which tested using a CBDC in domestic retail payments, offline payments and settlement of tokenized assets. “The next phase will delve deeper into select pilots from Phase 1 where an e-HKD could add unique value, namely programmability, tokenization and atomic settlement, as…
Recent whale activity within the XRP ecosystem has ignited considerable interest and scrutiny across the cryptocurrency market. The movement of a substantial 43 million XRP tokens has been observed, a development that has not gone unnoticed by market participants. Data provided by Whale Alert, a blockchain tracker, indicates the transfer of these tokens, collectively valued at over $27 million, to two prominent cryptocurrency exchanges. Such significant transfers raise questions about their implications for market sentiment and the potential effects on XRP’s price dynamics. As of writing, the XRP price noted an uptick in the past 24 hours and is currently…
As Bitcoin’s resounding success continues, Ledger’s Chief Experience Officer Ian Rodgers said Bitcoin adoption is inevitable in an interview with Yahoo Finance Live. Rodgers attributed the recent rise in Bitcoin’s price above $68,000 to a combination of factors, including the approval of Bitcoin ETFs and a growing comfort level among individuals with owning BTC. Rodgers highlighted that Bitcoin’s four-year “bulk” pattern in value coincides with BTC’s halving events. In addition, recent approvals of Bitcoin ETFs have contributed to a surge in interest and investment. He noted that the price continues to climb as more people express a desire to own…
The round was led by Polychain Capital with participation from Animoca Brands. The money raised will be used for global expansion and to hire new employees. This is the company’s fifth round of financing in the last two years. Polyhedra Network, the Web 3 infrastructure provider behind the zero-knowledge protocol zkBridge, has closed a $20 million round valuing the company at $1 billion, the firm said in a press release Thursday. The Singapore-based company said the round was led by Polychain Capital, along with participation from Animoca Brands, Emirates Consortium, Mapleblock Capital, Hashkey Capital, UoB Ventures, Symbolic Capital, Longhash Ventures,…
Shiba Inu lead Shytoshi Kusama on Monday said the support for Shiba Inu is rising strongly highlighting U.S. presidential candidate Robert F. Kennedy Jr. (RFK Jr) endorsing meme coin Shiba Inu. Robert F Kennedy Endorses Shiba Inu US presidential candidate Robert F. Kennedy Jr., RFK Jr., was witnessed promoting Shiba Inu’s “It’s Not A Meme, It’s A Movement”, Shiba Inu lead developer Shytoshi Kusama highlighted in a post on X on March 4. In a big movement for Shiba Inu, RFK Jr. and Russ Davis of In Russ We Trust Crypto were wearing a Shiba Inu batch at the ETHDenver…
It took bitcoin less than 850 days to reclaim its $69,000 all-time high set in November 2021. That’s faster than the previous two cycles, a period of time spanning nearly a decade, from 2013 to 2021. Bitcoin needed eight more months to break its near-$20,000 record notched in late 2017. The top crypto had tanked 85% in the months following that all-time high, reaching as low as $3,135 by the end of the following year. Read more: Bitcoin price surges past $69k to hit new all-time high Bitcoin (BTC) went on to add more than six multiples to its price…
Shiba Inu’s lead, known as Shytoshi Kusama, has sparked discussions across social media platform X with recent commentary regarding the project’s position in relation to Dogecoin. Kusama’s assertion, labeling Shiba Inu as the “Dogecoin Killer,” hints at the project’s aspirations to challenge Dogecoin’s prominence within the meme coin sector. During a period of substantial growth in Shiba Inu’s price, Kusama took to social media to convey the project’s progress and future prospects. Notably, Shiba Inu’s SHIB token witnessed a remarkable 132% increase in value over the previous week, followed by an additional 18% rise at the start of the new…
A popular crypto analyst is analyzing how long the Bitcoin (BTC) bull market could last. The pseudonymous trader known as TechDev tells his 434,100 followers on the social media platform X that the global liquidity cycle has aligned with “every Bitcoin top and takeoff point.” “Spacing between blue and red dots has always been 9-11 bars. Do with that what you will.” TechDev uses a six-week chart, meaning that his indicator suggests Bitcoin will probably hit its top between January and March of 2025. The analyst examines global liquidity by pitting the Chinese 10-year bonds (CN10Y) against the US dollar…
On-chain data confirms that the Shiba Inu NFT project Shiboshis has continued to burn SHIB tokens even amid diverted focus from its burn functionalities. The Shiba Inu community has continued to focus its attention on the burning campaign, as several proponents champion the narrative of increased burns. This has resulted in the exploration of diverse avenues for the incineration exercise, including Shibarium. Sustained Focus on Shibarium Most community members believe Shibarium is the most viable avenue to implement more burns, especially given the number of tokens the layer-2 network has incinerated since the fourth quarter of 2023. As of December…
Benchmark initiated coverage of Bitdeer with a buy rating and a price target of $13. The miner’s shares are appealing due to the wide gap between its valuation and growth prospects. The transition of hashrate from hosting to self-mining will boost the company’s upside exposure to further increases in the bitcoin price. Bitdeer Technologies’ (BTDR) shares are appealing given the wide gap between the company’s discount valuation and its growth prospects, investment banking firm Benchmark said in a research report Thursday.Benchmark initiated coverage of the bitcoin (BTC) miner with a buy rating and a $13 price target. The stock closed…