Author: NBTC
BlackRock last week unveiled its first tokenized fund on a public blockchain. The investment manager has involved key institutions from both the TradFi world and the crypto sector. On-chain funds could be a new category of growth for asset managers, Bernstein said. The launch of BlackRock’s (BLK) first tokenized fund on a public blockchain is significant because of the way in which the asset manager has brought in key ecosystem partners from both the TradFi world and the crypto sector, broker Bernstein wrote in a research report on Tuesday.As part of a growing trend of digitizing mutual funds and securities…
On a day of increased volatility in Bitcoin, Upbit, South Korea’s largest cryptocurrency exchange, reported unusual increases in trading volumes of several altcoins. The 4-hour chart for The Graph (GRT) showed a significant increase in trading volume. On Upbit, average 50 4-hour volume increased from $30 million to $55 million, an increase of 81.86%. On the other hand, volume on Binance increased from an average of $26 million to $37 million, an increase of 42.28%. PlayDapp (PDA) saw a massive 340.04% increase in 1-hour trading volume on Upbit, jumping from an average of $19 million to $85 million. However, volume…
Copper.co, one of the absolute prime players in the digital asset custodian vertical, has collaborated with Apotos Foundation to advance the growth of incorporated blockchains. The incorporation will bring custody and in-built staking backing for Aptos, a separate L1 blockchain base created for upgradability, security and dependability in a decentralized network and builder ecosystem. Aptos on its part, is a delegated proof of stake (DPoS) L1 that utilizes the AptosBFTv4 consensus protocol. As per the agreement, the positioning of Aptos on the Copper base will provide the option for the customers of Copper to take advantage of the easy availability…
In an exciting fusion of fashion and technology, the New York Culture Club (NYCC) is set to leave an indelible mark at the NFT.NYC 2024 event, showcasing its innovative blend of style and cutting-edge technology. As a digital pioneer within the fashion industry, NYCC is at the forefront of integrating various technological solutions such as RFID/NFC technologies, augmented reality (AR), and virtual reality (VR) experiences into the fabric of lifestyle branding. This integration not only celebrates personal expression but also heralds a new era of interconnectedness in our digital age. A testament to its innovative spirit, NYCC has recently become…
Ethereum’s active validator set has risen by 74%, Fidelity Digital Assets wrote. Too many validators is causing concerns about bandwidth risks and centralization. More validators is normally viewed as a good problem as it represents increased adoption, but it is impossible to accurately predict future staking demand, the report said. The rapidly rising validator count on the Ethereum blockchain following the Shapella upgrade in April last year is causing concerns about technical capacity and centralization, Fidelity Digital Assets wrote in a research report on Thursday.Fidelity noted that “with the lowered risk from increased liquidity, the active validator count has risen…
Tether, the company behind the world’s largest stablecoin USDT, has announced a strategic expansion into artificial intelligence, as reported by the company on March 26. With a market cap of $104 billion, Tether aims to lead the development of open-source, multimodal AI models and integrate AI solutions into market-driven products. The move comes amid growing concerns over the monopolization of AI technologies by the likes of Microsoft, Facebook, and Google. Tether data, a new subsidiary of Tether, is positioning itself as a champion of transparency and privacy in AI model development. The company plans to focus on three key areas:…
XRP has set itself on a recovery path following the latest market collapse, as a resurgence of optimism leads to a sustenance of the HODL culture in anticipation of greater prices. Despite XRP’s failure to achieve a significant price surge, XRP has demonstrated resilience by maintaining its position comfortably above the crucial psychological threshold at $0.60. Although the recent market downturn posed a threat to breaching this level, XRP exhibited noteworthy stability. As the cryptocurrency strives to regain ground lost in recent days, investor confidence remains robust. Consequently, market stakeholders have maintained their positions in anticipation of ambitious price milestones,…
Blockchain-based film funding platform Decentralized Pictures is gearing up to launch its own in-app streaming service, DCP+, with a beta release “in the next month or so.” “With the power that is in the hands of some of the distribution channels these days, it’s very important to give folks a way to showcase their work to the world and monetize it in a fair and transparent way,” Decentralized Pictures co-founder Leo Matchett told Decrypt. He explained that the 501(c)(3) non-profit’s streaming offering would enable filmmakers to “distribute their content100% free, on-chain and auditable and immutable.” DCP+ will be integrated into…
Web3 domain service Unstoppable Domains (UD) announced today that Pudgy Penguins’ ‘.pudgy’ domain is the next top-level domain (TLD) to become ‘Web2’, becoming equivalent to domains such as ‘.com.’ This move is made viable via a partnership between UD and the Internet Corporation for Assigned Names and Numbers (ICANN). After the Pudgy Penguins-related ‘.pudgy’ domain was successfully launched as Unstoppable’s 10th branded Web3 domain in February, the brand started strategizing alongside UD for the upcoming registration of .pudgy as an ICANN-registered generic top-level domain (gTLD), standing alongside such iconic legacy addresses as .com, .net, .org, .biz, .info, and others. “We…
Considering the Pi Cycle Top Indicator, the ETH price analysis suggests that Ethereum could see more corrections before attempting to reach the $4,000 mark again. Additionally, the Net Unrealized Profit/Loss (NUPL) indicates it’s still distant from the euphoria zone, hinting at a potential period of consolidation in the near future. Furthermore, the Exponential Moving Average (EMA) Lines reveal prices converging closely, suggesting that there is strong support at the current levels, which may stabilize ETH prices before any significant upward movement. Ethereum Pi Cycle Shows An Important Scenario ETH trajectory on the Pi Cycle Top Indicator suggests a brewing consolidation…