Author: NBTC

Astar Network has announced the integration of Chainlink’s Cross-Chain Interoperability Protocol (CCIP) into its smart contract platform on Polkadot. This integration marks a significant advancement in Astar’s commitment to enhancing the infrastructure available to Web3 developers. By adopting CCIP, Astar Network aims to enable developers across the multi-chain ecosystem to build secure and sophisticated decentralized applications (dApps) with enhanced cross-chain capabilities. .@AstarNetwork is integrating #Chainlink CCIP to unlock secure cross-chain development on its EVM-supported smart contract platform on @Polkadot.How CCIP will enable Astar Network devs to build highly reliable cross-chain dApps ⬇️https://t.co/QN7lwmoJ5C pic.twitter.com/5ZLb09RLZ8 — Chainlink (@chainlink) July 24, 2024 Chainlink…

IntoTheBlock‘s recent data publication sheds light on the activities of Bitcoin’s large holders, unveiling patterns that could indicate the cryptocurrency’s short-term economic behaviors. According to the analysis, there has been a notable net inflow of Bitcoin into wallets holding a significant portion of the supply. Over the last 30 days, these whales have accumulated over 55,000 BTC, a movement that synchronizes with Bitcoin’s price adjustments and offers a glimpse into the potential strategies of big players in the market. This accumulation notably peaked during Bitcoin’s recent price dip to around $60,000. This behavior suggests that these substantial holders see value…

Tuesday will be a big day for the crypto industry as the Securities and Exchange Commission (SEC) has finally approved spot Ethereum ETFs. These funds are expected to start trading, a move that could see substantial sums of money flowing to Ethereum. The ETFs that will go live are the Grayscale Ethereum Mini Trust (ETH), Franklin Ethereum ETF (EZET), VanEck Ethereum ETF (ETHV), Bitwise Ethereum ETF (ETHW, and 21Shares Core Ethereum ETF (CETH). The other spot Ethereum ETFs are the Fidelity (FETH), Blackrock (ETHA), and Grayscale Ethereum Trust (ETHE). ETHE will be a conversion from the current format of a…

Investors are increasingly increasing their expectations that the FED will take a big step in reducing interest rates. Federal funds futures markets on Thursday showed there is a roughly 23% chance the Fed will cut its key interest rate by at least 0.5 percentage points by September, according to data from CME Group. This rate indicates a significant increase compared to the rate of 10% the day before and 4.1% a week ago. However, CME Group’s FedWatch tool puts the probability of a rate cut in July at only 5%. But he almost certainly predicts the possibility of a Fed…

HSBC Australia has decided to stop customer payments to cryptocurrency exchanges starting yesterday. The bank announced the change through an email, explaining that: “From 24 July 2024, HSBC will block payments from bank accounts and credit cards that we reasonably believe are being made to cryptocurrency exchanges, for your protection.” The bank pointed to a report that Australians lost up to $171 million in investment scams just last year. Australia’s financial watchdogs have also been raising alarms about cryptocurrencies. They’ve identified cryptocurrencies as a potential hotbed for money laundering. According to these authorities, crypto used for payments are particularly vulnerable.…

Despite the recent sell-off that pushed Bitcoin (BTC) prices below $60,000, a new analysis from Glassnode suggests the market remains remarkably robust. According to the on-chain analytics platform, aggregate investor profitability is still strong, with the average coin holding a 2x profit multiple — a level often seen during the enthusiastic and euphoric phases of bull markets. The #Bitcoin market is in an interesting spot, with the average coin still up 2x, whilst most Short-Term Holders are underwater. A multitude of volatility measures are also heavily compressed, suggesting a larger move is on the horizon.Discover more in the latest Week……

The bankruptcy estate of the now-collapsed crypto lending platform BlockFi announced yesterday (Thursday) its plans to return “100 percent” of the distressed clients’ claims. However, it will calculate the value of the claims based on the date of the bankruptcy and not the current crypto market value. The return of the claim in its entirety became possible as the bankruptcy administrator of the bankrupt BlockFi “successfully sold… outstanding claims against FTX for an amount in excess of the face value of the claims.” “While these recoveries cannot undo the impact of the platform pause, efficiently distributing 100% of the dollarised…

Adding Libre’s tokenization gateway to Solana offers users access to Hamilton Lane’s SCOPE fund, the Brevan Howard Master Fund and Blackrock ICS Money Market Fund. Libre’s Solana expansion has garnered close to $20 million in total locked value (TVL) prior to the public launch. Libre, a tokenization-focused startup and joint venture between hedge fund Brevan Howard’s WebN Group and financial services giant Nomura’s Laser Digital, is adding a bevy of blockchain-based funds to the Solana network, including the debut of a Hamilton Lane credit fund. Adding the company’s tokenization gateway to the Solana blockchain will, for the first time, give…

Revolut, the largest fintech by valuation, has received a banking licence in its home country, the United Kingdom. However, the licence is currently in the ‘mobilisation’ stage, also referred to as ‘Authorisation with Restrictions’. The London-headquartered fintech pointed out that many new banks, including challenger banks like Monzo, Starling, Atom Bank, Zopa Bank, GB Bank, and Kroo, have gone through a similar ‘mobilisation’ stage. An ‘Optional’ Route According to the Bank of England’s ‘new bank authorisation process’ guide, the “mobilisation route is optional.” “Mobilisation should not be seen as the stage to commence a firm’s bank-building strategies, processes, and systems,…

This change has been at the center of the recent report “La diffusione dei Crypto-Asset e della Blockchain nel settore finanziario: analisi della domanda dei Consumatori e dell’offerta delle Banche in Italia”, created by Boerse Stuttgart Digital in collaboration with the Osservatorio Blockchain & Web3 of the Politecnico di Milano. The research was presented yesterday, July 23, 2024, at the Fintech District in Milan. Growing Interest of Italians in crypto The Italian Banks and the Offer of Crypto Services Challenges and Future Opportunities for banks and crypto The Italian banks and the relationship with crypto Growing Interest of Italians in…