Author: NBTC
Banco Do Brasil, a bank owned in its majority by the Brazilian state, and Giesecke+Devrient, are partnering to explore the possibilities of bringing offline payments to the future Brazilian CBDC, Drex. The joint initiative will include this functionality in Drex’s pilot, to extend access to financial services to Brazilians with difficult or no access to internet in secluded areas. Banco Do Brasil and Giesecke+Devrient Partner to Bring Offline Transactions to Brazilian CBDC The Brazilian central bank digital currency (CBDC) project, Drex, might become usable offline. Banco Do Brasil, a bank owned 70% by the Brazilian state, and Giesecke+Devrient, a German…
Tron founder Justin Sun has moved a total of 20 billion Shiba Inu (SHIB) to Poloniex, an exchange affiliated with his crypto empire. Spotted by crypto security and intelligence platform PeckShield, the funds are worth $544,400. The transfer comes at a time when the broader crypto ecosystem is experiencing a massive bullish rally, with Shiba Inu being a major beneficiary. Justin Sun and Shiba Inu Transfers According to the PeckShield update, the 20 billion SHIB transfer came from the “Justin Sun 4” wallet. The transaction occurred today at 08:54 (UTC). #PeckShieldAlert #JustinSun 4 -labeled address has transferrred 20T $SHIB (worth…
Switzerland-based protocol Liqwid Finance is listing a Cardano Staking exchange-traded product (ETP) on the SIX Swiss Exchange today. The product will trade under the ticker symbol “CASL” and is being issued with Issuance.Swiss AG and will be accessible to all kinds of investors from today. In an announcement, Liqwid Capital said the CASL ETP captures the performance of the underlying cryptocurrency “ADA” which is managed by the Cardano Foundation and the interest earned by staking the token. “With CASL, we want to take a new step. One that will bridge the gap between traditional and digital asset management. Until now,…
Having achieved its highest value ever on March 5, 2024, precisely at 10:03 a.m. Eastern Time (ET) on Tuesday, the price of bitcoin has declined by more than 11% against the greenback at 3:00 p.m. ET. Currently, bitcoin boasts a global trading volume of $52.34 billion, contributing to the total $275 billion exchanged throughout the entire cryptocurrency ecosystem. Bitcoin’s Historic Surge Signifies New Growth Phase Bitcoin’s ascent beyond the $69,000 mark was short-lived, as its value swiftly descended upon reaching this new peak. Records indicate that BTC’s pinnacle price hit $69,210 on Bitstamp. The most frequently traded pairs against BTC…
Bank of America has reported record-breaking inflows into both U.S. stocks and cryptocurrencies. Spearheaded by Chief Investment Strategist Michael Hartnett, the analysis reported a staggering $56.1 billion surge into U.S. stock funds. This is the largest single-week influx ever recorded. Additionally, cryptocurrencies experienced a significant milestone with $3.4 billion in inflows. Spot Bitcoin ETFs attract major players The cryptocurrency landscape is witnessing renewed institutional interest, with Bank of America’s Merrill Lynch and Wells Fargo offering spot bitcoin exchange-traded funds (ETFs) to their clients. This shows the growing acceptance of digital assets among traditional financial institutions. Since the Securities and Exchange…
According to a press release, the Personal Information Protection Commission (PIPC) has started investigating Worldcoin’s operations in South Korea. The exercise follows complaints over collecting and processing personal information by Worldcoin and other similar projects. Notably, the press release confirmed that Worldcoin affiliates collected facial and iris recognition information at about 10 locations in Korea. Hence, the PIPC plans to investigate the process thoroughly. According to reports, the committee will analyze the collection and processing of sensitive information. During the investigation, the PIPC will scrutinize the overseas transfer of personal information under the Personal Information Protection Act. The committee also…
Crypto.com announced that it will support the token swap for Stratis – STRAX. Therefore, deposits and withdrawals of the token will be disabled effective March 20, 2024. It will happen on the Crypto.com app and exchange platform at different times. Functionalities will be disabled on the app at 1:00 UTC and on exchange at 2:00 UTC. Trading will be paused until further announcements from the official channels of Crypto.com. Notably, the swap to a new token will happen at a later date. Holders will allocate the new token in a 1:10 ratio. Deposits and withdrawals will resume on the StratisEVM…
On March 1, 2024, an infamous and vast bitcoin mega whale moved 2,000 vintage bitcoins from 2010 and now, four days later, on March 5—the day bitcoin hit its peak value of $69,210 per coin—the same entity transferred another 1,000 bitcoins from 2010. 2010 Bitcoin Whale Moves Millions as Prices Peak This prominent whale, known for its substantial bitcoin transactions since first being identified by Bitcoin.com News in March 2020, has executed yet another series of transfers involving 1,000 BTC, valued at approximately $63.29 million, according to current exchange rates. Originally mined during the months of August, September, October, and…
Ethereum (ETH) has completed a major software upgrade, Dencun, that promises to make utilizing the network ecosystem more cost-effective. This update specifically targets Layer 2 (L2) networks, such as Arbitrum (ARB), Polygon (MATIC), and Coinbase’s Base, which are interconnected with Ethereum. With Dencun, transaction costs on these networks have significantly decreased, with fees dropping from dollars to cents or even fractions of a cent. Ethereum Dencun Upgrade And Cost Savings Considered the most significant change in Ethereum’s end-user experience, the Dencun upgrade is expected to foster the development of new applications and services by significantly reducing expenses. As NewsBTC reported…
MicroStrategy, the Virginia-based enterprise software company, has eclipsed e-commerce giant Amazon in trading volume. According to Bloomberg senior ETF analyst Eric Balchunas, MicroStrategy’s trading volume soared to $8 billion, outpacing Amazon for the first time in its history. This surge is attributed to the broader enthusiasm in the equitized Bitcoin complex, which now sees over $20 billion in daily trading volume. MicroStrategy’s latest offering Earlier today, MicroStrategy announced the pricing of its offering of $525 million in 0.875% convertible senior notes due 2031, an increase from the initially planned $500 million. This strategic financial maneuver is part of the company’s…