Author: NBTC
Crypto-friendly banks Custodia Bank and Vantage Bank have launched a turnkey blockchain solution allowing traditional banks to issue tokenized deposits that will work with stablecoins. The solution enables banks to leverage blockchain’s near-instant, low-cost transactions in an interoperable manner with other banks while being able to retain customer deposits, the two banks said in a statement on Thursday. “The patent-protected framework is designed to provide institutions and their customers with the efficiencies and security of tokenization while safeguarding core deposits from the risk of disintermediation.” Source: Caitlin Long Tokenized deposits are digital versions of bank deposits issued on a blockchain,…
UBS said it completed the first on-chain redemption of a tokenized fund using Chainlink’s Digital Transfer Agent (DTA) in a live transaction that underscores how blockchain infrastructure is starting to interface with the $100 trillion global fund industry. The transaction involved the tokenized money market fund UBS USD Money Market Investment Fund Token (uMINT) built on Ethereum. DigiFT served as the onchain distributor, settling the redemption using Chainlink’s DTA standard. UBS’ internal systems initiated the process, which Chainlink’s infrastructure then executed, according to a press release shared with CoinDesk. “This transaction represents a key milestone in how smart contract-based technologies…
U.S. spot Ethereum ETFs recorded their second consecutive week of outflows, with around $555 million exiting the funds over the two-week period. Summary Spot Ether ETFs registered two consecutive weeks of outflows for the first time since April. Ether price breached past $4.2K resistance today and analysts now predict much higher gains over the coming weeks. According to data from SoSoValue, the nine Ether ETFs experienced their second consecutive week of outflows in the week dated Oct. 20-Oct. 24, which saw around $243.91 million withdrawn by investors. Fidelity’s FETH led the weekly outflows with $95.2 million in redemptions, while BlackRock’s…
The U.S. central bank seems almost certain to cut interest rates on Wednesday but it’s unclear whether bankers will end quantitative tightening (QT) and what its impact might be on crypto markets, analysts told Decrypt. QT is when the Federal Reserve reduces the amount of money in the financial system by letting its bond holdings shrink—pulling cash out of circulation to cool the economy and fight inflation. It’s the opposite of quantitative easing (QE), when the Fed pumps money in by buying bonds. Crypto traders mock quantitative easing by referring to the Fed’s money printer going brr as it prints…
Global regulators are discussing possible adjustments to the rules on banks’ cryptocurrency holdings. This talk follows the increased adoption of stablecoins, triggering a US-driven response against the current regulations. The new changes are set to take effect next year. Regarding the initial regulations, sources pointed out that the Basel Committee on Banking Supervision established these standards in late 2022. According to the perspective of senior finance officials, banks viewed these rules as barriers to crypto exposure because they require considerable capital for such assets. Since then, the outlook on cryptocurrency has undergone a drastic change. In the present day, what…
The same forces that opened Wall Street to everyone are now reshaping DeFi — but with something Robinhood could never offer. When Robinhood launched commission-free trading in 2013, the financial establishment dismissed it as a toy for millennials who couldn’t afford real brokers. Fast-forward to 2021, and those “amateur” traders were moving markets, forcing hedge funds to close positions, and fundamentally altering how Wall Street thinks about retail participation. Decentralized exchanges are experiencing a remarkably similar trajectory. The same dismissive critiques — “it’s just speculation,” “real investors won’t use this,” “the technology isn’t ready” — echo the skepticism that greeted…
Table of Contents Why the Fermi Hard Fork MattersThe Technical Core: BEPs Introduced in FermiWhat’s New in Version 1.6.2The Road to Mainnet: Testing and ValidationBackground: Continuous Optimization Since LorentzWhy the Block Time Reduction MattersConclusionResources:Frequently Asked Questions The BNB ChainFermi Hard Fork is the latest upgrade to the BNB Smart Chain (BSC) network. Its main goal is to improve speed and efficiency by reducing block time by 40% — from 750 milliseconds to 450 milliseconds. In practical terms, this means transactions on BNB Smart Chain will confirm faster, the network can handle more activity, and the user experience will become smoother.…
Key takeaways ETH is up 5.5% in the last 24 hours and is now trading above $4,100. The coin could rally towards the $4,500 resistance level soon. Ether hits $4,200 as the bullish trend returns Ether, the second-largest cryptocurrency by market cap, is up by more than 5% in the last 24 hours. The rally allowed the coin to briefly hit the $4,200 level before retracing to now trade at around $4,160 per coin. This latest development comes as Bitcoin and the broader cryptocurrency market recorded an excellent weekend. Bitcoin is trading above $115k once again after adding 3.5% to…
On the eve of the Federal Reserve’s big day, prediction markets and futures are practically winking at traders—betting on a quarter-point rate cut. Analysts and crypto watchers alike are bracing for what could be a double shot of caffeine for both bitcoin and U.S. equities if Jerome Powell’s crew keeps trimming rates through 2025. Markets Bet Big on Fed Rate Cut On Tuesday, the market mood is pretty clear: more Fed rate cuts in 2025 could be the liquidity jolt everyone’s been waiting for—lifting crypto assets and U.S. equities alike as fresh cash sloshes its way through Wall Street and…
The cryptocurrency world is buzzing with a significant development: the US Treasury sanctions Prince Group, freezing a staggering $780 million in Bitcoin (BTC) from wallets allegedly tied to the Cambodian conglomerate. This decisive action by the U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sends a clear message about the global fight against illicit financial activities, even within the digital asset space. What Exactly Happened with the US Treasury Sanctions Prince Group? According to reports from DL News, OFAC has officially sanctioned 25 specific crypto wallets. These wallets are directly linked to Cambodia’s notorious Prince Group and…