Author: NBTC
As Hong Kong continues its experimentation with a central bank digital currency (CBDC), one non-profit is gleaning upsides for improving the state of global shipping with blockchain technology. The plan involves using blockchain as the underlying technology for electronic bills of lading (eBL). Hong Kong-based non-profit Global Shipping Business Network (GSBN) disclosed that it had successfully completed a prototype eBL in mid-March, earning praise from industry stakeholders. GSBN CEO Bertrand Chen confirmed that the prototype, developed in collaboration with Ant Group, could transform into an industry-wide eBL solution, given its wide reach and Hong Kong’s unique position as a leading…
Bitcoin reached a new ATH level in March, exceeding its previous ATH of $69,000. After this rise, BTC experienced a correction to the $ 60,000 level, but BTC later recovered again. At this point, while investors’ bullish expectations continue, a new post came from CryptoQuant CEO Ki Young Ju. Pointing out that Bitcoin’s current movements are similar to the previous bull cycle, the famous CEO said that BTC entered the real bull market by breaking its previous ATH. Comparing Bitcoin’s bullish cycle in 200-2021 with its current cycle, Ju said that Bitcoin’s bullish cycle consists of recovery, breaking the ATH…
In a surprising display of the nature of cryptocurrencies, Solana-based memecoin Book of Meme (BOME) surpassed $1 billion market cap in just 2 and a half days. However, now the BOME wind seems to have calmed down and the market value of the altcoin has decreased to around 700 million dollars. So which cryptocurrency wallets made incredible gains during this memecoin’s rise from zero? Here are the wallet addresses compiled by the cryptocurrency analysis company Arkham. 5BXKt: from $3,400 to $202,400 (+5800%) 5BXKt made a single purchase of BOME for 20 SOL just half an hour after BOME was launched.…
As tokenization continues to be adopted in several sectors, Japan-based financial firm Sumitomo Mitsui Finance and Leasing Company, Limited (SMFL), a subsidiary of Sumitomo Mitsui Financial Group, Inc. (NASDAQ: SMFNF), has expressed a keen interest in experimenting with the offering in real estate. The firm stated that it will proceed with the pilot initiative through the United States-based tokenization platform Vertalo to revolutionize the local real estate industry. The SMFL’s latest collaboration will integrate Vertalo’s token platform with its existing asset tracking platform, AssetForce. While AssetForce primarily focuses on physical assets, SMFL argues that the offering can be extended to…
A widely followed crypto analyst is updating his outlook on Bitcoin’s (BTC) path forward in the ongoing bull market cycle. In a new video update, crypto strategist Jason Pizzino tells his 320,000 YouTube subscribers that he is closely watching to see if Bitcoin will hit key price targets to the upside, which could lead to a six-figure value. “Looking at some price targets. $72,500, get past that, obviously the all-time high at $74,000. My next two targets are $78,500. That one is based on this level here: we’ve got our extension tool from the weekly swing, so the low of…
Google “new stablecoin” every week or so, and the odds are pretty good you’ll see another one emerging from stealth. Tether currently dominates stablecoin trading, but potentially clawing away some of its business could be quite lucrative. The USDT creator reported nearly $1 billion per month in profit in the last quarter of 2023. A large part of Tether’s appeal for traders is its liquidity. There are over 100 billion USDT in existence, which represent over 70% of all stablecoins, according to DeFiLlama. But a new crop of upstart stables are hoping to beat Tether on a different point —…
In a notable development, WSPN and MathWallet have partnered to launch StableWallet. It is a cutting-edge digital asset management solution leveraging advanced account abstraction (AA) technology, according to remarks made by Raymond Yuan, Founder of WSPN. In addition to this, the collaboration is a significant step forward in enhancing the efficiency and security of managing digital assets in the Web3 ecosystem. StableWallet Revolutionizes Digital Asset Management StableWallet will revolutionize digital asset management by merging private key wallets with smart contract accounts. Customer access to advanced features and customization options is seamless with this integration. Moreover, StableWallet gives users peace of…
Bitcoin price is again rising above the $70,000 resistance zone. BTC seems to be setting up for a steady increase above the $71,500 resistance zone. Bitcoin price is climbing higher and above the $70,000 resistance zone. The price is trading above $70,500 and the 100 hourly Simple moving average. There is a crucial bullish trend line forming with support at $70,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could soon start a fresh rally if it clears the $71,500 resistance zone. Bitcoin Price Regains Strength Bitcoin price remained well-supported above the $69,000 resistance…
Injective Protocol, a decentralized finance-centric platform, has launched TokenStation. In a blog post on March 18, Injective said the solution, deployed on its mainnet, allows users to launch native tokens. With this tool, Injective said it would empower anyone to create their tokens in a low-fee and scalable environment. Injective Launches TokenStation, Strikes Key Partnership The tool was developed by the Injective community and aims to “remove barrier to entry for token creation.” Like the token creation tools on Solana and Ethereum, for example, using TokenStation, part of the blog post won’t require coding experience. Related Reading: Top Reasons Why…
In the current high-speed digital environment, artificial intelligence (AI) has gained a pivotal position, and the power is still in the hands of a few large corporations. With this centralization of AI technology, the troubles that come inherent in a centralized system are set. The role of a transparent, censorship-resistant AI infrastructure is gaining new importance, especially for democratizing AI applications in a trustless atmosphere. The adoption of the decentralized approach has to overcome the biggest obstacle in the existing blockchain models, which are already unable to optimally store and process the large computing models, which are very computationally consuming.…