Author: NBTC

Forbes, a well-known American magazine with a history of more than 100 years, recently published a striking report. In the cryptocurrency market, the first half of 2024 will likely be remembered for the launch of spot Bitcoin ETFs. However, some altcoins made their mark in the first half of 2014. While there are little-known cryptocurrencies among these, there are also memecoins that have suddenly become popular among investors. Although Bitcoin (BTC) experienced a great rise with the influence of spot ETFs, some altcoins surpassed BTC with their rise. At this point, according to the list prepared by Forbes, Bitcoin was…

Circle is poised to benefit significantly from Apple’s latest iOS 18.1 upgrade, which will enable contactless payments for Circle USDC. This upgrade will allow third-party developers to integrate Near Field Communication (NFC) technology in their apps, expanding the use cases for stablecoins. Jeremy Allaire, CEO of Circle, has expressed optimism about the impact of this development on USDC adoption, although Circle has no direct partnership with Apple. Apple’s iOS 18.1 upgrade paves the way for contactless Circle USDC payments, signaling a broader adoption of crypto in mainstream financial transactions. Apple’s NFC Integration: A Game-Changer for Circle USDC Apple’s iOS 18.1…

On August 14, MANTRA, a dedicated layer-1 (L1) blockchain for real-world assets (RWAs), announced a partnership with Novus Aviation Capital. This collaboration aims to tokenize assets within the $200 billion aviation financing market. By doing so, it makes owning assets more accessible and streamlines the process in aviation finance. MANTRA and Novus to Offer Fractional Ownership in Aviation Through Tokenization Established in 1994, Novus Aviation Capital specializes in aircraft trading, leasing, and financing. Moreover, it has a significant presence in Europe, Asia, and the Middle East. Now, by partnering with MANTRA, Novus aims to integrate blockchain technology into aviation asset…

Core has made history with the debut of a Bitcoin staking protocol bringing a hallmark innovation to the world of crypto finance. This marks the dawn of a new era beyond five years from now with Core bringing the very first live Bitcoin staking to the world of cryptocurrency investments. Launched in January 2023, the platform now has over 2,900 BTC staked using its proprietary Satoshi Plus consensus algorithm. As the mechanism improves the security of the Bitcoin network, it allows you to earn Core block rewards, providing a new way to earn yield on Bitcoin you hold without adding…

Eigen Layer, a leading restaking protocol on Ethereum (ETH), saw at least $351 million worth of capital ooze out in the last 24 hours. The drop follows shocking revelations about the protocol’s airdrop policy, with EigenLayer coming to its own defense. EigenLayer Airdrop Policy Controversy Users on X (formerly Twitter) were abuzz on Thursday following reports that Eigen Labs extorts millions of dollars in airdrop tokens from projects looking to launch protocols on their platform, EigenLayer. Renzo, AltLayer, and ether.fi are reportedly among the projects affected by an arrangement where portions of their new tokens are set aside as a…

Essential plans to offer an “intent-centric, declarative approach,” which differs from traditional blockchain in that it leverages users’ “intents” – constraints that express desired outcomes. User intents are solved off-chain by a network of solvers in order to reduce on-chain computation. Blockchain project Essential has raised $11 million in Series A funding led by Archetype and with participation from several other high-profile investors. Essential’s aim is to offer an “intent-centric, declarative approach.” This differs from traditional blockchain in that it leverages users’ “intents” for desired outcomes rather than usual transaction-based interactions where users must specify exact instructions, according to an…

Bitfinex has entered into a memorandum of understanding (MOU) with Komainu Connect, a regulated custodian backed by Ledger, to offer a secure and liquid trading environment for institutional investors, according to a Thursday press release. The collaboration is exploring a new remote custody solution to enable seamless asset transfers between custody and exchange. The companies said they’ve adopted Ledger Tradelink technology for off-exchange trading and settlement. “Our collaboration with Komainu Connect reflects our commitment to expanding secure trading options for our customers and provides an additional layer of security for institutional investors by allowing them to leverage Komainu’s regulated custody…

Aptos, an L1 PoS blockchain, has recently announced a new landmark by breaking the former record for the maximum number of transactions per second. The new recording-breaking TPS level of Aptos denotes the platform’s current commitment to improving blockchain scalability and efficiency, establishing exclusive standards in the market. The blockchain claims it reached 4,070 transactions per second. The platform took to its official social media account to disclose this achievement. Another day, another milestone unlocked with Aptos breaking its record for highest TPS 🔓🏆Check it out: https://t.co/b1jEkHsiX1 pic.twitter.com/yjmTvXvton — Aptos (@Aptos) August 15, 2024 Aptos Witnesses Another Landmark Development with…

Spot Bitcoin (BTC) exchange-traded fund (ETF) outflows continued as the week started. Consequently, the total net inflows of the investment products in the U.S. dropped below the $15 billion mark. According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively. Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller shares of $3.8 million and $3 million in outflows, respectively.…

Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. The investment aims to introduce the stablecoin Tether USD (USDT) on Kem’s platform, driving crypto adoption in the Middle East. The Middle East and North Africa (MENA) region is the sixth-largest crypto economy globally, with $389.8 billion in on-chain value received between July 2022 and June 2023. This represents 7.2% of global transaction volume during this period. The investment targets improved economic conditions in Kuwait, Bahrain, Saudi Arabia, Qatar, and Iraq. Expatriates in these regions could benefit from USDT and accessible financial services, addressing…