Author: NBTC

Hong Kong-based firm IDA has secured $6 million in seed funding to accelerate the launch of its first fiat-referenced stablecoin. IDA, a Hong Kong-based digital asset company, has raised $6 million in seed funding led by CMCC Global’s Titan Fund and Hashed to develop its first fiat-referenced and regulated stablecoin HKDA. In a press release on Sept. 2, the stablecoin issuer announced that the funding round also saw participation from several other investors, including Hack VC, Anagram, GSR, and Protagonist, in addition to angel investors, such as Solana co-founder Raj Gokal. Additionally, IDA has partnered with blockchain foundations like Solana,…

Ripple is working with more than 50 Japanese banks to develop a completely new payment infrastructure powered by distributed ledger technology. Japan is one of the world’s most cash-loving nations, making digitization of payments a national agenda, and Ripple is positioning itself as a prime partner for this initiative. Digital payments have become dominant globally, fuelled by the 2020 COVID pandemic where physical contact was highly discouraged. In the developed world, the share of digital payments can be as high as 95% in countries like China and Norway. However, Japan remains an outlier, with cash dominating payments in the Asian…

Posemesh announces a groundbreaking partnership with NuNet, a decentralized compute and orchestration platform. This partnership aims to develop the industry by combining advanced spatial computing technologies and decentralized infrastructures. NuNet shared this thrilling news on its official X account, sharing both firms’ common goals and dedication to driving innovation and building the future together. Big Announcement 📣We’re thrilled to announce a groundbreaking partnership between The @Posemesh and #NuNet! This collaboration sets new industry standards in spatial computing by combining decentralized infrastructure with cutting-edge technology.🧠 Discover how we’re… pic.twitter.com/SxFVTs88zH — NuNet (@nunet_global) August 30, 2024 New technologies emerge in the industry…

According to data from Bitcoin Magazine Pro, there are 1,012,650 Bitcoin addresses that contain 1 BTC or more. This represents more than 1 million BTC potentially taken off the market and held by strong hands, a significant portion of the 21 million BTC that will ever exist. Demand continues to rise as U.S. spot Bitcoin ETFs collectively hold over 901,000 BTC, while MicroStrategy, a major corporate Bitcoin holder, owns 226,500 BTC. Additionally, MicroStrategy plans to raise $2 billion to buy more Bitcoin, further emphasizing the trend of institutions buying and holding substantial amounts of BTC, tightening the available supply as…

Ethereum (ETH) remains consolidated within the $2.6K range. ETH’s fear and greed index suggests a sentiment of fear in the market. The overall crypto market displayed mild dips in market cap and trading volume throughout the week. Bitcoin (BTC), the largest cryptocurrency, has stepped into bearish turns, trading below $59K. The largest altcoin, Ethereum, endured a sturdy month, witnessing critical losses with its price dipping to $2.2K. Notably, ETH witnessed modest price dips in the past day. The daily price chart shows the token’s struggle to keep the price from sliding below $2.5K. ETH managed to trade at $2,512 while…

Coins.ph, a digital asset exchange in the Philippines, is pushing its campaign for Web3 and financial literacy and inclusion following a year of notable progress in its decade-long history. The company expanded globally with the launch of Coins.xyz and introduced new products and platform enhancements. These updates include a redesigned user interface (UI) for the app, the introduction of the pioneering Philippine Peso stablecoin, PHPC and the addition of Rewards Hub, an in-app loyalty and rewards program. Furthermore, Coins.ph has increased its digital currency offerings, supporting over 100 tokens. The use for cross-border payments Jen Bilango, the Country Manager of…

An analyst subjects XRP to a comprehensive analysis using a document called “XRP Liquidity Cheat Cheet.” The document claims that XRP can sufficiently handle a daily payment volume of $1 trillion at a price range of $100-$500; however, others express doubt. Ripple’s XRP has been flagged as a highly undervalued asset as its utility in cross-border payments has triggered bullish sentiments among market players. Its potential was highlighted in a 2023 report by Oliver Wyman and JPMorgan, where Ripple and XRP were mentioned as entities that could help unlock the $120 billion trapped in cross-border payments. Notable Mention of Ripple’s…

Polygon and DapDap have collaborated to develop a transaction environment that is highly straightforward, safe, and consistent across several AggLayer-connected chains. DapDap will create a custom, unified UI for multiple AggChains – bridging the gap to mainstream adoption via chain abstraction. 🤜🤛@DapDapMeUp has joined the list of contributors building the AggLayer.DapDap will create a custom, unified UI for multiple AggChains – bridging the gap to mainstream adoption via chain abstraction: https://t.co/jBVMCLCJCI — Polygon | Aggregated (@0xPolygon) August 30, 2024 DapDap is here to change the way users work with Ethereum Layer-2s, EVMs, and the on-chain environment as a whole. DaVinci…

Bitcoin’s price climbed to $61,500 on Aug. 13 following the movement of $2 billion in Bitcoin tied to the long-defunct Mt. Gox exchange. The rally, which saw the leading crypto jump by nearly 5% in just one hour, has ignited renewed optimism in the market. Bitcoin gave up some of the day’s gains after a minor rejection from the daily peak. However, the flagship crypto was still up 3.75% over the past 24 hours and trading at $60,770 as of press time, based on CryptoSlate data. Mt. Gox reaction Blockchain analytics firm Arkham Intelligence reported that over 33,000 Bitcoin, valued…

Avalon Labs, formerly known as Avalon Finance, has announced a new partnership with Babylon Labs. This announcement was made through official X account of Avalon Labas. This collaboration marks a significant step forward for both companies in the world of decentralized finance (DeFi) and cryptocurrency. @avalonfinance_ is teaming up with @babylonlabs_io! 🎉We are happy to fit into Babylon Lab’s Ecosystem! With this strategic partnership collaboration with Babylon Labs, a groundbreaking platform that bridges the gap between Bitcoin holders and the demand for network security in… pic.twitter.com/2YrsrevlpA — Avalon Labs (Previously Avalon Finance) (@avalonfinance_) September 2, 2024 Avalon Labs and Babylon…