Author: NBTC

A Norwegian task force has advised against the immediate adoption of a central bank digital currency. A Norwegian advisory committee has recommended against the immediate adoption of a state-controlled digital currency, Bloomberg reported, citing the committee’s findings submitted to Finance Minister Trygve Slagsvold Vedum. The report urged policymakers to focus on developing the necessary regulatory framework for a potential future rollout. The task force concluded that cash remains critical to ensuring accessible and secure payments but acknowledged that a “central bank digital currency may in the future be a relevant instrument for safeguarding these considerations.” Norway is among the most…

Aethir and XR Foundation have announced a new partnership to enhance the capabilities of decentralized gaming. This collaboration combines Aethir’s extensive decentralized computing network with XR Foundation’s blockchain-driven gaming platform. Through this strategic collaboration, both FinTech firms ensure the expansion of the gaming space and drive innovation within the Web3 gaming space. https://t.co/LQJqNm7XWT — Aethir Ecosystem (@AethirEco) November 5, 2024 Expanding Opportunities for Aethir Node Holders Aethir node holders will gain access to exclusive features on the XR One network, including an invitation to play Celeros, a high-stakes Web3 game designed to blend decentralized infrastructure with immersive gameplay. This opportunity…

Franklin Templeton’s OnChain U.S. Government Money Market Fund can now be traded on Ethereum. The fund is already available on several other blockchains, including most recently Base, Aptos, and Avalanche. Ethereum is by far the most popular pick among issuers, handling $1.6 billion worth of tokenized assets. Franklin Templeton has expanded the trading of its OnChain U.S. Government Money Market Fund (FOBXX) to the second largest blockchain by market cap, Ethereum (ETH). The asset manager has added a series of new blockchains to support the fund this year, including, most recently, Coinbase’s Base, Aptos, and Avalanche. It uses the Stellar…

Bitcoin’s price holds at $68,499 today within a 24-hour range of $66,964 to $68,750, with a market cap of $1.35 trillion and trading volume at $24.46 billion. Bitcoin On the 1-hour chart, bitcoin (BTC) has been on a steady climb after breaking free from a consolidation zone near $66,912. This upward movement gained momentum with a burst in trading volume. Now that activity has leveled off, the price has settled around $68,500. For short-term traders, a potential entry point could be spotted near $68,000, particularly if trading volume picks up again. Exiting around $68,742 or just shy of $69,000 aligns…

Ethereum (ETH/USDT) is bullish on the daily chart as the price rises to a high of $3,388.02. It indicates the sentiments of the bulls. The technical analysis indicates that Ethereum may experience near-term reversals as shown by the recent trades above the upper Bollinger Band. However, there are other factors also that support this view. As per analysts, Ethereum is going to upgrade to Pectra network soon. It can further boost the ETH price. Ethereum Faces Potential Resistance After Bollinger Band Breakout The recent move above the upper Bollinger Band at $3,388.02 shows strong buying increases. At the same time…

Ripple is expanding the Latin America which accounts for 7.3% of the global crypto market, with increasing efforts to attract foreign investments. Ripple’s advancements exemplify the need for enhanced cybersecurity, infrastructure, and collaboration between banks and tech firms. The crypto industry is gaining huge traction in the American continent with Ripple being at the forefront of this expansion. With the expected change in the regulatory environment following the Donald Trump victory, Ripple pointed out that the need for digital assets among institutions will continue to grow more and more. The digital asset economy is growing in the Americas. 🌎 Here…

As the cryptocurrency landscape evolves, significant token unlocks, and partnerships are shaping the future of various projects. Notably, the Phoenix Group has outlined significant upcoming token unlocks that could impact market dynamics. Simultaneously, Aethir has announced a strategic partnership with Manta Network to enhance cloud computing capabilities for Web3 projects. MAJOR UPCOMING TOKEN UNLOCKS #Galxe $GAL #HeroesOfMavia $MAVIA #AutomataNetwork $ATA #Neon $NEON #Scallop $SCA #XAI $XAI #GAM3S #G3 #Conflux $CFX #CetusProtocol $CETUS pic.twitter.com/X8cEA7gSBR — PHOENIX – Crypto News & Analytics (@pnxgrp) November 5, 2024 The Phoenix Group’s latest update on primary upcoming token unlocks highlights key projects poised for significant…

Binance just announced a new zero-fee spot trading promotion for XRP, Dogecoin (DOGE) and Cardano (ADA) trading pairs with the Japanese yen (JPY). This is great news for users in Japan’s cryptocurrency market. The promotion is only for the ADA/JPY, DOGE/JPY and XRP/JPY pairs and runs from Nov. 15 to Nov. 27, 2024. It offers fee-free trades for new and existing users on Binance Japan’s platform. This special offer is designed to get more trading going, making the most of the power of the DOGE, XRP and Cardano communities on the Japanese exchange. On the other hand, zero-fee trading for…

DecideAI has announced the integration of its biometric identity verification solution, DecideID, into the Solana blockchain, aiming to enhance security and trust within the ecosystem. This move introduces Proof-of-Personhood (PoP) capabilities to Solana, ensuring that users are verified as unique individuals without the need for traditional Know-Your-Customer procedures. Raheel Govindji, founder and CEO of DecideAI, commented, “DecideID is positioned to set a new standard in identity verification across the blockchain space. The Solana integration is just the beginning, and we anticipate a significant surge in user growth and adoption” The integration is expected to address longstanding vulnerabilities in Solana’s airdrop…

Microsoft shareholders are going to make a big decision in December about a proposal to diversify the company’s balance sheet by adding Bitcoin (BTC). Even though more and more people in the crypto community are interested in this, Microsoft’s board initially doubted the idea, which makes you wonder if the company is really ready to get into cryptocurrency. The proposal has gotten a lot of attention from industry experts, as it challenges Microsoft’s stance on integrating Bitcoin into its financial strategy. Fred Krueger, an investor and mathematician, says that BlackRock — a big Microsoft shareholder with about 7.45% of the…