Author: NBTC

Dakota will offer returns based on lending through decentralized finance protocols to overcome the drawbacks of centralized lenders. The company was founded by former Airbnb, Anchorage and Coinbase executives. It is aimed at businesses, which will pay a monthly fee. Dakota, which describes itself as a crypto bank that is attempting to right the wrongs of centralized lenders such as Celsius and BlockFi, emerged from stealth on Wednesday. The company, which was founded by a group of former Airbnb, Anchorage and Coinbase Custody executives, offers treasury management, lending and payment services to businesses that pay a monthly fee and gain…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! Fun fact: Helium was one of the first projects I was assigned to write about while still a lowly intern at Blockworks, and one of my articles from that summer earned me a couple angry DMs from Helium fans. I’m tough but fair however — I also have become a Helium Mobile customer, and quite enjoy my $0 phone bill. Anyways, I’d never spoken to the CEO of the Helium Foundation until last week: Q&A: Helium Foundation CEO…

Swiss regulator FINMA has published guidance on stablecoin issuers, urging them to verify the identity of all persons holding digital tokens pegged to fiat currencies. The Swiss Financial Market Supervisory Authority has published new guidance addressing the risks and challenges associated with stablecoins for issuers and banks providing guarantees. In the Jul. 26 guidance, the regulator underscored the necessity for stablecoin issuers to verify the identities of token holders and beneficial owners to mitigate these risks. “[…] the identity of all persons holding the stablecoins must be adequately verified by the issuing institution or by appropriately supervised financial intermediaries.” FINMA…

Ethereum’s ERC-4337 standard was recently referenced in Toyota Blockchain Lab’s published work, entitled “How to Introduce Mobility into the Public Blockchain.” Integrating MOA and Ethereum ERC-4337 Sota Watanabe, founder of Toyota partner Astar Network, took to X to announce that the auto giant just published a post on Mobility-Oriented Account “MOA,” based on Account Abstraction standard ERC-4337 in the Ethereum ecosystem. Toyota just published “MOA” (Mobility-Oriented Account) based on Account Abstraction standard ERC-4337 in Ethereum ecosystem. Bullish! Glad large Japanese enterprises are working on public chains.https://t.co/Ph4sVTVgFc — Sota | Astar + Startale (@WatanabeSota) July 23, 2024 He acknowledged the work…

Peter Schiff, one of the most prolific Bitcoin critics, has already weighed in on the most recent cryptocurrency crash. In a recent social media post, he predicted that the leading digital asset by market capitalization is poised to break down. At the same time, he has urged his followers to place their bets on gold and silver since he believes that those precious metals are on track to break out. Earlier today, the leading cryptocurrency plunged below the make-it-or-break-it $60,000 support level for the first time since June 25 to reach an intraday low of $59,712, according to CoinGecko data.…

Over the past week, non-fungible token (NFT) sales experienced a 7.59% rise, with $108.59 million in transactions finalized during the last seven days. Ethereum topped NFT sales for the week, generating $32.59 million, a 5.95% increase. NFT Market Gains Modest Momentum This Week Solana followed as the second leading blockchain, with NFT sales totaling $27.33 million, marking an 18.16% rise from the previous week. According to cryptoslam.io stats, Bitcoin ranked third, recording $17.43 million in sales, reflecting a 16.39% decline from last week. Completing the top five blockchains by sales this week were Polygon and Immutable X, following ETH, SOL,…

Caldera, a “rollup-as-a-service” platform that helps developers quickly spin up layer-2 blockchains, has closed a $15 million Series A funding round led by Peter Thiel’s Founders Fund. CEO Matt Katz said in an interview with CoinDesk that the new funds will help him expand Caldera’s 15-person team so they can build out the Metalayer, an interoperability ecosystem meant to simplify the process of launching applications across multiple blockchains. Today, Caldera provides a simple interface for launching layer-2 “rollup” chains that record data to Ethereum but offer quicker and cheaper transactions. The Caldera product suite plugs into popular rollup-building frameworks like…

In a recent weekly report by Input Output Global (IOG), the engineering development company behind Cardano (ADA), significant growth for the blockchain has been unveiled. The report highlights notable achievements in Total Value Locked (TVL), transactions and the increasing number of projects being built on the network. Thriving Cardano Ecosystem Per the report, Cardano has reached a milestone of 94 million transactions, showcasing the network’s growing adoption ahead of scheduled upgrades later this year. The report also discloses a TVL of 548.4 million in ADA, further emphasizing the network’s growth. Data from DefiLlama confirms this, with on-chain data showing over…

US lawmaker Senator Elizabeth Warren has continued her anti-crypto evangelism despite her thinning support base. On July 25, she opined that foreign-owned crypto-mining operations pose a national security threat during a hearing of the Senate Committee on Banking, Housing, and Urban Affairs. Warren stated: “Foreign adversaries are using cryptomines to spy on US military operations. That is an obvious national security risk. But it isn’t the only risk. Foreign-owned cryptomines also threaten the energy grid.” The anti-crypto lawmaker further highlighted the environmental threat of these mining facilities, pointing out that their activities could pose “a disaster for the environment.” She…

The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) has announced an enhanced strategic partnership with Republic, aligning with INX’s growth strategy. This strengthened collaboration builds upon their previous agreement announced in February. Under the terms of this expanded partnership, INX will direct potential securities issuers to Republic for their initial offerings, earning commissions from the revenues Republic generates from these clients. Following these initial offerings, the securities may be listed and traded on INX’s platform, demonstrating a smooth transition and the cooperative nature of the partnership. One notable success story of this collaboration is the recent…