Author: NBTC

German industrial giant Siemens AG has used the Onyx payment system powered by global bank JPMorgan’s blockchain and the private SWIAT blockchain to issue and redeem a tokenized version of its commercial paper, the companies said on Monday. Siemens issued €100,000 worth of the crypto securities under the Germany Electronic Securities Act (eWpG) on September 13 and then redeemed them three days later. Payments were made on the Onyx network using the JPM Coin system, while asset transfers were made using the SWIAT network’s delivery versus payment (DvP) mechanism. The entire process took 93 seconds from the time the parties…

Disclaimer: This article is sponsored content and should not be considered as financial or investment advice. Always do your own research before making any financial decisions. The opinions expressed in this article are those of the author and do not necessarily reflect the views of CryptoGlobe. Have you ever found yourself at the edge of the digital currency ocean, wondering how to dive into the swirling currents of Bitcoin? It’s a common place to be as cryptocurrency becomes a staple of modern financial discussions. Just like any other form of trading, there’s a need to grasp the essentials before you…

The NodeMonkes NFT collection has leaped from 10th to 5th place in overall market cap rankings this week. These pixelated primates are native to the Bitcoin blockchain. CoinGecko data shows NodeMonkes trading at a cool 0.22 BTC per NFT, marking a 15.3% increase in the last 24 hours. The collection’s seven-day performance is even more impressive, boasting a 67.4% surge. Over the past month, NodeMonkes has seen a solid 40.4% uptick in value. The @nodemonkes NFT collection jumped from rank #10 to #5 in the last 7 days, becoming the fifth largest NFT collection by market cap. pic.twitter.com/cBRhJhWr7X — CoinGecko…

Ethereum price started a fresh upward move above the $2,500 resistance. ETH is now gaining pace above $2,600 and might continue to rise. Ethereum started another increase from the $2,400 resistance. The price is trading above $2,550 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support at $2,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $2,650 resistance to continue higher in the near term. Ethereum Price Climbs Over 5% Ethereum price remained well-supported and extended its increase, beating Bitcoin. ETH was able to clear the…

Fifty-percent of American retirees don’t have enough money to actually retire, forcing many of them to head back to work during what should be their golden years, a new report details. In a new investigation from CBS, analysts say that there are 11 million Americans who are over 65 and still working. CBS follows the Gessecks, a once-retired couple in Florida that are now back on the job to make ends meet. 77-Year old Garry Gesseck wakes up at 5:30am to unload trailers at a supermarket in St. Petersburg, Florida, for $14.75 an hour, while his wife Joyce, 66, makes…

Fantom’s migration to Sonic is now underway, putting the platform under the spotlight which caused FTM, the native token of Fantom, to jump. According to CoinGecko, FTM gained more than 17% since last week, representing the hype their network migration caused within the community. The new Sonic Labs is poised to continue Fantom’s legacy as four core proposals are now underway for the eventual release of the Sonic mainnet. If passed, the proposals will provide users and developers with a smooth transition to the Sonic network once D-day arrives. Core Proposals Promise Smooth Transition To Sonic According to the Sonic…

Zero-knowledge rollup Citrea has deployed its BitVM bridge on the Bitcoin testnet. Clementine harnesses BitVM, a computing paradigm designed to allow Ethereum-style smart contracts on Bitcoin and which could also pave the way for zero-knowledge computations. Bitcoin zero-knowledge rollup Citrea has deployed its BitVM-based bridge Clementine to the Bitcoin testnet. Citrea, which raised $2.7 million in seed funding led by Galaxy in February, aim is to use Bitcoin as a settlement layer to make it “the foundation for the world’s finance,” according to an emailed announcement on Tuesday. In a blog post in March, the Citrea team described Clementine as…

Ethereum is showing a steady recovery with a recent price increase, while closely tracking Bitcoin’s movements. Significant whale activity and institutional inflows indicate heightened interest and potential volatility. At the time of writing, Ethereum (ETH) is trading at $2,676, reflecting a 3.10% increase over the past 24 hours. This surge is accompanied by a robust trading volume of $15 billion, marking a significant 46.85% uptick. In the institutional space, US spot ETH ETFs recorded a daily net inflow of $2.87 million, with total assets reaching $6.92 billion as of September 20. Notably, the Grayscale Ethereum Mini Trust was the only…

While Bitcoin has maintained its position above $60,000 after the FED’s 50 basis point interest rate cut decision, analysts now expect an increase in BTC. While the BTC price moved sideways over the weekend, Coinshares released its weekly cryptocurrency report. FED Effect on Bitcoin! Coinshares stated that there was an inflow of $321 million into cryptocurrency investment products last week and that the FED was effective in this. “Cryptocurrency investment products experienced inflows totaling $321 million for the second week in a row. This increase was likely due to the Federal Open Market Committee’s (FOMC) decision to cut interest rates…

Just months after Ethereum secured its first exchange-traded fund (ETF) approval from the SEC in the United States, the door seems to be opening for other cryptocurrencies. This has sparked excitement in the crypto sector as financial regulators begin to show interest in digital currencies beyond Bitcoin and Ethereum. For instance, Brazil’s financial watchdog cleared the way for the country’s first Solana ETF, one of the very few worldwide. This marks a significant milestone for Solana, a cryptocurrency created in 2017, as it seeks to join the ranks of its more widely-traded peers, Bitcoin and Ethereum. Institutions Push for Solana…