Author: NBTC

The Bank for International Settlements and Bank of England have found that the balance sheet of asset referenced stablecoins can be supervised. The technology could help nations respond more efficiently to risks from stablecoins, the report added. Nations have stressed concerns over stablecoins experiencing runs in recent years. The Bank for International Settlements (BIS), the so-called central bank for central banks, and the Bank of England (BoE) have been able to demonstrate that the balance sheet of asset-referenced stablecoins can be supervised, a Wednesday report on their latest project said. Project Pyxtrial developed a prototype data analytics pipeline which can…

The Neo X TestNet has been upgraded to the Neo X Gamma version, intended to be the long-term supported TestNet network. The previous Beta TestNet is planned for decommission within two weeks, and all developers are advised to migrate their work to the Gamma version as soon as possible. This Neo X node version is based on the v1.13.11 Geth implementation, supporting the latest Ethereum-compatible Shanghai fork. The Gamma TestNet introduces a range of updates and enhancements. This update implements a policy-based transaction fee-burning mechanism, replacing the EIP-1559 dynamic base fee model. The Gamma version also includes protocol extensions, enhanced…

Coinbase, one of the leading cryptocurrency exchanges, has recently expanded its meme coin offerings on its international platform. This strategic move is intended to meet the growing demand for meme coins among its expanding base of traders and investors. The expansion includes the addition of meme coins, Memecoin (MEME) and Cats in a Dogs World (MEW). Meme coins continue to garner significant attention and interest within the crypto community. In a tweet, Coinbase International Exchange says it “will add support for cat in a dogs world, Memecoin, and Jasmycoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening…

Rebar Labs, a team of seasoned veterans from the Ethereum industry, is bringing their expertise to Bitcoin to tackle the emerging challenges posed by on-chain Maximal Extractable Value (MEV). The company has successfully raised $2.9 million in seed funding, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital, and UTXO Management. Carl Vogel of 6th Man Ventures commented, “As the ecosystem of the world’s largest digital asset grows, Rebar’s products will enable good MEV for fair and efficient markets, creating more value for users and miners and enabling the foundation for a flourishing ecosystem.” Rebar Labs’…

As it has done for a long time, the FED did not change interest rates in June and left them constant at 5.25-5.50 percent. Following the June decision, markets are now waiting for the July interest rate decision. When will the July FED Interest Rate Decision be announced? While the fifth FED interest rate decision of 2024 is expected to have an impact on gold, dollar, oil, Bitcoin (BTC) and crypto currencies, the FED will announce its July decision on July 31, that is, today at 21:00 CET. After the decision, FED President Jerome Powell will make a statement at…

The price of Worldcoin (WLD) has witnessed a meteoric rise today, creating notable buzz on the broader crypto market. The coin has skyrocketed 44.31% to $3.14 in the last 24 hours. This huge price jump makes WLD one of the best-performing assets in recent times. In addition, the trading activity of WLD is also seeing a major rise. Its 24-hour trading volume has soared 161.16%. Currently at the $888 million level, the increasing volume shows that traders are coming to the Worldcoin market and showing significant interest. Amid this WLD price surge, its market cap has also been going through…

The leading crypto exchange, Binance, has burned 1,149,430,203 LUNC tokens off the excessive supply of Terra Classic. According to data from the community-based tracking service Luncmetrics, Binance burned the tokens in a single transaction on Thursday, August 1. In this transaction, 1.149 billion tokens were transferred from wallet “terra18…24sqe” to a dead address. However, this significant burn failed to impact LUNC’s market value, as the asset currently trades in the red. Binance LUNC Burn in 2024 Prior to this latest burn, Binance had incinerated 132,316 tokens two weeks earlier. Notably, the 1.149 billion LUNC token burn on August 1 represents…

Bitcoin’s secondary layers are often overlooked despite their undoubted potential to enhance Bitcoin’s potential for even more advanced functionality. Much of the focus is directed at the Lightning Network and its ability to handle microtransactions at high speeds. However, the secondary layers (or layer 2) can effectively handle smart contracts, leverage cryptographic techniques for advanced privacy, and establish decentralized identity and access solutions that are connected to the blockchain. This article will explore these fascinating layers and their potential use cases, considering how they may define the future of Bitcoin beyond currency transactions. Bitcoin’s secondary layers are expected to provide…

Tether has released its Q2 2024 attestation, conducted by BDO, revealing a record-breaking $5.2 billion profit for the first half of 2024. The report showcases Tether’s net operating profit of $1.3 billion in Q2 alone. The attestation highlights Tether’s $97.6 billion ownership of US Treasuries, positioning the company 18th in the rankings of countries owning US debt and 3rd in purchases of 3-month US Treasuries. Notably, Tether’s consolidated net equity reached $11.9 billion as of June 30, 2024, with the Group Equity increasing by $520 million in Q2. This growth occurred despite a $653 million unrealized loss due to Bitcoin…

The cryptocurrency industry has experienced heightened volatility in the last few weeks, fueled by increased speculation and significant whales’ on-chain activity. The altcoin industry has attracted significant attention amid the upcoming listing of spot Ethereum ETFs in the United States next week. Toncoin Price Dilemma The Telegram-based Toncoin (TON) project remains largely uncorrelated with the rest of the crypto industry. Since March, the Toncoin price has been making weekly higher highs and higher lows, a characteristic of a rising trend. However, the rising trend on the TON price could be approaching the end as the weekly Relative Strength Index (RSI)…