Author: NBTC

Norway’s Central Bank, Norges Bank, will make a decision regarding whether or not it will introduce a digital currency next year, says Deputy Central Bank Governor Pal Longva. In an interview with Bloomberg on Oct. 22, Norges’ Deputy Central Bank Governor, Pal Longva, said that the bank is on track to finalize a recommendation on whether to introduce a central bank digital currency. He assured that Norway’s monetary authority is not falling behind on efforts to implement CBDC, even if other European countries like Switzerland have beaten them to it. In April, the Swiss National Bank announced that it will…

Arthur Hayes, co-founder of BitMEX, has stirred up excitement in the crypto community by suggesting that now is the prime time to buy more meme coins. His comments come after acknowledging that the Japanese yen (JPY) did not weaken as expected, and Bitcoin held up well over the weekend. “I was wrong about JPY weakening. BTC held up well over the weekend,” Hayes posted earlier this morning. While he acknowledged his wrong prediction, he gave a hint of his next move in crypto. “Time to trade some dogshit meme coins,” he mentioned. .@IGGYAZALEA can you be my $MOTHER?I was wrong…

Malaysia’s national electricity provider, Tenaga Nasional Berhad, has reported losses exceeding 440 million ringgit (about $101 million) due to electricity theft linked to illegal Bitcoin mining activities. Local reporting from The Star indicates that since 2020, this theft has significantly impacted TNB’s finances, resulting in a loss of 103 million ringgit in 2023 alone, according to Suhai Rizain, the director of Malaysia’s Criminal Investigation Department. The losses from crypto mining have increased sharply over the years. In 2020, TNB recorded losses of 5.9 million ringgit. This figure escalated to 140.4 million ringgit in 2021, followed by 124.9 million ringgit in…

Sergey Nazarov, co-founder of Chainlink, confirmed today that the integration of Swift’s traditional payment system with blockchain technology has reached a production-ready stage. Nazarov made this crucial revelation at the Sibos 2024 conference currently holding at the China National Convention Centre in Beijing. This year’s Sibos brings together financial services leaders from around the world. Nazarov’s announcement marks an important milestone for digital asset transactions in traditional finance. Chainlink Swift Blockchain Payment Integration for TradFi Chainlink has been collaborating with Swift for several years to enable the use of Swift messages and standards to seamlessly interact with blockchains. Nazarov highlighted…

Bitcoin (BTC) and the broader crypto markets are navigating challenging conditions, historically worsened by September’s seasonality struggles. In a recent report, Kaiko researchers recently explored how a potential US rate cut and other key economic events could affect Bitcoin. These four charts provided by the analysts explain what to expect from BTC in the coming weeks. Monthly Change in Bitcoin Price in September As BeInCrypto reported, the third quarter has historically been challenging for Bitcoin and the broader crypto market, with September often delivering the worst returns. Kaiko highlights that Bitcoin has declined in seven of the last twelve Septembers.…

Ethereum (ETH) bulls have a big task at hand despite helping the altcoin price rise above $2,700 earlier. This time, the new mission is to prevent ETH from going below $2,400, which is a crucial support level. In this analysis, BeInCrypto checks if the cryptocurrency will drop below the region or if bulls will successfully defend it. Ethereum Sees Rising Capital Injection On October 19, the Chaikin Money Flow on Ethereum’s daily chart dropped to -0.10. Popularly called by its short form, the CMF measures the rate of capital flow in and out of a cryptocurrency. When the CMF rises,…

RWA Inc. has announced a strategic partnership with Aspis Protocol to enhance the management of tokenized real-world assets (RWAs). This collaboration aims to provide a more efficient, secure, and transparent way of managing RWAs using AI-powered decentralized vaults. The news was shared via RWA Inc.’s official X account. RWA Inc. is Partnering with @AspisProtocol! Together we are making the management of tokenized real-world assets (RWAs) efficient, secure and transparent through the use of AI governed decentralized vaults. In this post we cover:🔹 How Aspis Protocol’s on-chain asset management… pic.twitter.com/qn2yiGe60f — RWA Inc. (@RWA_Inc_) October 22, 2024 Aspis Vaults Boost Security…

Cardano’s Charles Hoskinson reacts with surprise as a Bitcoin developer unveils a seamless bridge between Bitcoin and Cardano apps. A Bitcoin developer, known as elraulito, has announced a breakthrough in blockchain interoperability, revealing a seamless bridge between Bitcoin and Cardano applications. The developer showcased a smart contract on Plutus V3, allowing Bitcoin wallets to interact directly with Cardano’s ecosystem. This enables users to send ADA, manage tokens, and stake in Cardano pools without requiring a new wallet. Notably, Cardano founder Charles Hoskinson reacted with surprise as the innovation could mark a new phase in cross-chain connectivity. https://t.co/5kd1OA6t8O pic.twitter.com/Be7ElbBOnj — Charles…

NODO, a rising prediction market platform, has announced its plans to integrate with MultiversX. MultiversX is a fast, secure, and green blockchain network that operates through 3,000+ nodes and uses sharding for scalability. The news was shared on both platforms’ X accounts. Nodo is an emerging prediction market platform that uses blockchain to cut out the middlemen and provide open access to event outcome forecasting.Expanding on-chain tokenized markets, with MultiversX support currently in development. https://t.co/qCUb8DraZH — Multiversᕽ (@MultiversX) October 22, 2024 NODO to Enhance Prediction Markets with MultiversX Blockchain Integration NODO is a decentralized platform that allows users to guess…

Ethereum’s price could be poised for a historic rally, according to cryptocurrency analysts who, using technical analysis, pointed to a rise to as much as $10,000 per ETH, up from the cryptocurrency’s current $2,570 price tag. In a post on the microblogging platform X (formerly known as Twitter) to their over 60,000 followers, analyst Trader Tardigrade predicted Ethereum’s price could hit a $10,000 high after breaking out of an ascending trendline pattern formed with symmetrical triangles. The trader noted that the first time Ethereum’s price broke out of such a structure if moved up 70%, while the second time it…