Author: NBTC

Zurich Cantonal Bank, Switzerland’s fourth-largest bank, has launched crypto trading and custody services, expanding its financial offerings. Zurich Cantonal Bank, Switzerland‘s fourth-largest bank, has officially entered the crypto market, offering its clients the ability to trade and store Bitcoin (BTC) and Ethereum (ETH). In a Sept. 4 press release, the bank said the new offering is integrated into its existing digital platforms, including ZKB eBanking and ZKB Mobile Banking. The bank has partnered with Crypto Finance AG, a subsidiary of Deutsche Börse Group, to execute crypto trades, the press release reads. Alexandra Scriba, head of institutional clients & multinationals at…

In a significant move to push artificial intelligence (AI) and Web3 integration beyond the boundaries, Petoshi announces a strategic partnership with EMC Protocol. Petoshi, a well-known ‘tap to earn’ platform shares groundbreaking news on its X official account to team up with EMC Protocol, a leading player in AI and decentralized computing (DePIN). Through this collaboration, both FinTech firms aim to revolutionize the AI and Web3 integration to serve the crypto community in a better way. 🎉 We are excited to partner with @EMCprotocol, a top #AI #DePIN in AI+Web3, connecting computing power with AI d’apps.🚀 Together, we will push…

El Salvador President Nayib Bukele announced that Turkish company Yilport Holdings will invest $1.6 billion—the largest private investment in the nation’s history—to upgrade two ports, including one in the home of the proposed Bitcoin City, according to an Aug. 12 video statement. Bukele’s video revealed that Yilport would be upgrading the ports at Acajutla and La Unión — the latter being the site of the proposed Bitcoin City. President Bukele announced that this investment marks the third phase of his government’s economic development program, focusing on logistics. He emphasized that this investment would create “new and improved trade opportunities” for…

For many weeks, Ethereum’s (ETH) price has been eyeing a return to $3,000. Unfortunately, that has not happened due to several rejections and a rather quiet broader market. However, the underwhelming price action is not the only challenge facing the blockchain, ranked as the second-most valuable crypto project. This on-chain analysis highlights the other parts and what could become of ETH price in the short term. Ethereum Earnings Down, Some Whales Out According to Artemis data, Ethereum’s revenue has plunged to its lowest point this year. This dramatic decline is a stark contrast to the value in March. During that…

The Cardano community patiently awaits the Chang hard fork upgrade to usher in the Voltaire Era. Input-Output Global developers have worked on this upgrade for months to return governance to the community. As Charles Hoskinson recently hinted, the team has now burnt the “Genesis Keys,” which arguably gives IOG the control it has over the protocol. Last Chang hard fork hurdle cleared After its last postponement, the Chang hard fork upgrade is scheduled for Sept. 1. While there are many boxes to tick ahead of this update, the lockup of the Genesis Keys was one of the most important. Without…

Binance has tapped U.K.-based accounting firm grant Thornton to advise the exchange on accounting and tax matters. The firm will also help Binance prepare for an audit. Binance previously worked with auditing firm Mazars which paused its work with the exchange in December 2022. Binance has hired U.K.-based Grant Thornton to advise on accounting and tax matters, it announced Wednesday. The crypto exchange previously worked with auditing firm Mazars to produce a proof-of-reserves report for crypto clients, however, Mazars in December 2022 said it had paused work with Binance and other crypto clients amid concerns over the public’s misunderstanding of…

VC funds crypto startups August 2024 witnessed a significant surge in investment activity, with venture capital (VC) funds pouring $634 million into various crypto startups, as reported by CryptoSlate using data from DefiLlama. This figure represents a 15% increase compared to July, highlighting a renewed investor interest in the blockchain and cryptocurrency sectors despite ongoing market volatility. Key Investment Areas Among the crypto startups that attracted investment, projects focused on blockchain infrastructure were the primary beneficiaries, receiving nearly $460 million of the total investment. This focus on infrastructure underscores the critical role that foundational technologies play in the broader adoption…

Taking to social media platform X, MicroStrategy’s chairman and cofounder, Michael Saylor, has issued a bullish statement on Bitcoin (BTC). Saylor’s comments come as BTC set its sights on $60,000, recovering from short-term market volatility. Saylor remains optimistic on Bitcoin’s future In Monday’s post, Saylor wrote, “Unlock your future. #Bitcoin,” accompanied with a picture image of Bitcoin on a key. The post has since reverberated across the crypto community, with many forecasting upward momentum for BTC. Unlock your future. #Bitcoin pic.twitter.com/mVYmGylcMr — Michael Saylor⚡️ (@saylor) August 12, 2024 Saylor did not go into much detail in his post on Bitcoin’s…

A new “old” heated debate emerged in the XRP community when one of the enthusiasts once again raised the question – what exactly does Ripple bring to the table with XRP? Some skeptical participants in the conversation called out the top executives of the crypto company, such as CEO Brad Garlinghouse and CTO David Schwartz. Among the accusations were that the Ripple heads are agitating to reduce XRP holdings just to grow their own bank accounts, using retail as on-demand liquidity for their pockets. The part about reducing holdings is a reference to Schwartz’s comment about two options for Ripple…

NADA Protocol has announced a major partnership with ARC, an eco-friendly artificial intelligence solutions leader. This collaboration is set to enhance the NADA blockchain ecosystem by integrating ARC’s advanced AI technologies, including the highly efficient Reactor AI. Recognized as the fastest and most effective AI, Reactor AI tops the MMLU rankings, outperforming other AI models like GPT-4 and Claude. 🌟 Major Partnership Alert! 🌟We’re thrilled to announce our partnership with @ARCreatorAI, the most efficient, eco-friendly AI, including Reactor AI—#1 on MMLU, faster than GPT-4 & Claude. We use Reactor AI to help us with bursting through operational workload quick. Be…