Author: NBTC

It’s not yet clear when Ethereum’s next major upgrade will hit mainnet, with current estimates ranging from November this year to early 2025 — although the latter now seems more likely. The first step in shoring up a timeline for “Pectra” is to finalize the specification of all Ethereum Improvement Proposals that are to be included. While most of that work has been done, one item was identified on Thursday’s All Core Developers (ACD) call as “the number one outstanding spec issue for Pectra,” and that’s EIP-7702: Set EOA account code for one transaction. This proposal allows an Externally Owned…

The tokenized US Treasuries market reached an all-time high of 2,143 holders on June 18th, with a 250% year-to-date growth, according to data aggregator RWA.xyz. The Ondo Short-Term US Government Bond Fund (USDY) leads with 1,054 holders and over $218 million in tokenized bonds. The BlackRock USD Institutional Digital Liquidity Fund (BUIDL), which leads the market with nearly $463 million in tokenized US Treasuries, registers 14 holders, one of the smallest numbers. Notably, BUIDL is reserved for qualified institutional investors, with a $5 million minimum investment requirement. Image: RWA.xyz Meanwhile, Franklin OnChain U.S Government Money Fund (FOBXX), by asset manager…

The United States has announced an indictment against alleged money launderers based out of California who supposedly moved money for the Sinaloa Cartel via money mules, large quantities of cash, cryptocurrency purchases, and collaboration with ‘Chinese underground money exchanges.’ The Department of Justice (DoJ) alleges that this operation moved over $50 million in proceeds from the sale of cocaine, methamphetamine, and fentanyl. A total of 24 defendants were charged as part of the investigation, dubbed ‘Operation Fortune Runner’ by authorities. The money laundering operation was supposedly led by Edgar Joel Martinez-Reyes, who helped the Sinaloa Cartel strike a deal with…

BitoPro’s parent company BitoGroup has entered into a partnership agreement with Far Eastern International Bank Bankee to launch “crypto-friendly bank account.” BitoGroup, the parent company of Taiwanese crypto exchange BitoPro, has teamed up with the local digital bank Far Eastern International Bank Bankee to process fiat transactions between the exchange’s customers and banks. In a press release seen by crypto.news, BitoGroup CEO Titan Cheng said that initially, the company is expecting to increase the average daily transaction amount per user by 25%. Cheng also expressed optimism about the potential for “explosive growth” once the service is fully accessible to all…

ZettaBlock, an industry-leading, institutional-grade Web3 data infrastructure platform, is proud to announce a new collaboration with the Stellar Development Foundation, the organization that supports the development and growth of the Stellar network, known for facilitating open and accessible financial transactions. This integration is set to redefine the landscape of blockchain development, offering a streamlined path for developers to create not just any Web3 application, but powerful> We’re committed to making Stellar the highest quality network for developers to build on, and this integration with ZettaBlock furthers this initiative. By leveraging ZettaBlock’s advanced indexing, real-time data, and analytics capabilities alongside Stellar’s…

Bitcoin’s allure is growing as investors increasingly recognize its unique traits. The spot Bitcoin exchange-traded funds (ETFs) simplify the process for investors, potentially leading to a significant increase in Bitcoin’s price. The Motley Fool analysts highlight that the approval of Bitcoin ETFs is a major step in cryptocurrency acceptance. They believe this could drive Bitcoin’s price to $400,000 or even $1 million. Bitcoin’s Path to $400,000 and Beyond The ETFs allow retail investors to bypass complex crypto exchanges and digital wallets, making Bitcoin more accessible. However, the potential for substantial growth lies with institutional investors entering the Bitcoin market. These…

Crypto investors and traders everywhere celebrated when news broke this week that United States regulator, the Securities and Exchange Commission (SEC), is in the process of concluding and ending its investigation into Ethereum. This means that the SEC will not recognize ETH transactions as securities transactions. But, for those of us who aren’t US regulation lawyers, what exactly does this mean? Invezz spoke to three Ethereum experts: Greg Benhaim, portfolio manager at digital asset investment manager 3iQ, crypto influencer Aquarius Maximus and Fineqia analyst David Morrison, on what the move could imply. Significance of the SEC announcement “Well for one,…

The tokenization of real-world assets (RWA) has seen a surge in interest, with financial giants like BlackRock, Fidelity, and JPMorgan taking the lead. This trend signals a significant shift in the financial industry, showcasing the growing adoption of blockchain technology to enhance efficiency and accessibility in capital markets. BlackRock, Fidelity, JPMorgan Tokenizing Real-World Assets Fidelity International’s recent announcement of joining JPMorgan’s tokenized network marks a significant milestone. As per Kaiko analysts, this move positions Fidelity alongside other major players in the tokenization sector. This collaboration highlights the increasing interest in leveraging blockchain for real-world applications. BlackRock’s BUIDL, a tokenized liquidity…

Notcoin (NOT) has surged 95.9% in two weeks, defying the overall market downtrend, and capturing investors’ attention. Mantra (OM) boasts a 4423.9% yearly growth, driven by innovative blockchain solutions and strategic partnerships. Monero (XMR) offers unmatched transaction anonymity, leveraging advanced cryptographic techniques for user privacy. Despite the weekend’s bearish actions that affected the crypto space, some tokens in the market gained good amounts of value. Three digital currencies that have made their mark in recent days are NOT, OM, and XMR. Even though many large-cap cryptocurrencies were trading at a lower trade price, these three cryptocurrencies were among the best…

Two Utah residents have been indicted for operating an unlicensed money-transmitting business, converting over $2.5 million into cryptocurrency, according to the U.S. Department of Justice (DOJ). The two were arrested over the weekend in Washington County. Utah Men Arrested for Illegal Cryptocurrency Transactions The U.S. Department of Justice and the U.S. Attorney’s Office for the District of Utah announced that Brian Garry Sewell and Keen Lee Ellsworth were indicted in St. George, Utah, for operating an unlicensed money transmitting business, converting over $2.5 million into cryptocurrency between March and September 2020. The arrests occurred over the weekend in Washington County.…