Author: NBTC

Gnosis has integrated Chainlink’s Cross-Chain Interoperability Protocol (CCIP) and Automation live on its mainnet, according to a press release shared with BSCN. This builds on their previous integration of Chainlink Price Feeds, allowing developers on Gnosis to leverage the full suite of Chainlink services. These tools reportedly provide access to data, compute, and cross-chain connectivity, enabling the creation of more advanced and secure on-chain applications. “With Chainlink CCIP and Automation now live on Gnosis, devs have access to secure blockchain interoperability and verifiable compute,” said Thodoris Karakostas, Head of Blockchain Partnerships at Chainlink Labs. “With highly reliable, secure, and decentralized…

The VeChain ecosystem has welcomed the launch of the Oily dApp by UCO Network, a project focused on environmental sustainability. This application aims to revolutionize the recycling of used cooking oil by leveraging blockchain technology to promote efficient waste management and reward eco-friendly practices. This was announced via a social media post recently, disclosing that VeChain is now the home for Oily dApp. Oily dApp launched last Wednesday, introducing features like “learn to earn” and “map to earn” in its initial phase, with “recycle to earn” teased as coming soon. The “learn to earn” feature incentivizes users to engage with…

Asset management giant BlackRock added $4.1 million worth of its spot Bitcoin ETF shares to two of its funds, according to May 28 SEC filings. The asset manager added $3.6 million of its iShares Bitcoin Trust (IBIT) shares to its BlackRock Strategic Income Opportunities Portfolio (BSIIX). It also added $486,000 worth of IBIT shares to its BlackRock Strategic Global Bond Fund (MAWIX). Each purchase covers additions in the first quarter of 2024. BlackRock previously disclosed plans to add IBIT to its other funds in its SEC filings on March 8. The company also reported owning $6.6 million of IBIT shares…

A prominent Ethereum whale with the wallet address 0xf07 has offloaded $35.4 million worth of Ethereum (ETH) over the last two days. This transaction comes at a critical time when Ethereum’s price has sharply declined, falling below the $3,500 mark. Meanwhile, many other long-term holders have started reducing their Ethereum exposure. Ethereum Whales Decrease Their Holdings Originally, the crypto whale acquired ETH during the Ethereum Initial Coin Offering (ICO) in 2015, purchasing 150,000 ETH at just $0.31 per token. Since that time, the value of Ethereum has dramatically increased, yielding substantial returns on the initial investment. In the past two…

The Bank of Thailand might be increasing its gold reserves to power a de-dollarized trading system, according to Jan Nieuwenhuijs, a gold market analyst. Nieuwenhuijs states that the Bank of Thailand’s constant gold purchases might indicate the nation is preparing to address the possible trade imbalances derived from using Mbridge, a CBDC cross-border settlement project. Thailand’s Gold Rush Explained by Future CBDC Trading Push Using Mbridge Thailand might be preparing to address the imbalances of a central bank digital currency (CBDC) led trading system using Mbridge, a CBDC-driven cross-border settlement project. Jan Nieuwenhuijs, a gold market analyst, believes that this…

Ripple has issued a new update on one of the developer community’s top requests: bringing Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger. Ripple also revealed the official name of the highly awaited sidechain, which is “XRPL EVM Sidechain.” The sidechain is expected to provide new opportunities for XRPL developers in decentralized finance (DeFi) and real-world asset (RWA) tokenization, hence encouraging innovation and expanding the network’s value and reach. 1/ Introducing the XRPL EVM Sidechain: We’re excited to bring Ethereum Virtual Machine (EVM) compatibility to the XRP Ledger, enhancing interoperability and unlocking new opportunities in DeFi and RWA. https://t.co/lenc4Bl9TZ…

Brickken, a Chainlink-powered platform is joining the European Blockchain tokenization sandbox. Brickken is expanding it tokenization prowess to complement multiple partners and protocols it is linked with. Chainlink-powered Brickken has been admitted to participate in the European Blockchain Sandbox with a view to ramping up tokenization. This program, led by the European Commission, encourages collaboration between blockchain creators and regulators to navigate the legal space. Brickken to Leverage Digital Asset Suite for Tokenization Brickken’s participation presents a unique opportunity, as one of only 20 projects to directly influence the regulatory framework for tokenized assets in Europe. The company will leverage…

Bitcoin price struggled to stay above $70,000 and corrected gains. BTC is now trading below $69,000 and showing a few bearish signs. Bitcoin extended its downside correction below the $69,000 zone. The price is trading below $69,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $67,600 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase unless there is a move below the $67,500 support. Bitcoin Price Revisits Support Bitcoin price started a downside correction after it failed to stay above the…

The U.S. Securities and Exchange Commission (SEC) has approved several spot Ether exchange-traded funds (ETFs), allowing them to be listed and traded. However, before these ETFs can be traded, their S-1 registration statements must still go through a separate review process by the SEC, which includes potential amendments based on SEC comments. This additional step means that trading may not begin immediately. These spot Ether ETFs will directly track the price of Ethereum, providing a simpler and more accessible investment vehicle compared to futures-based ETFs. This move is expected to attract substantial institutional investment and could significantly boost Ethereum’s market…

An IMF survey of the Middle East and Central Asian region has concluded that while CBDC’s may not be essential they can advance financial inclusion and lower the cost of financial services. The uptake of CBDC’s may only have marginal benefits in the Middle East and Central Asia if other barriers are not addressed, the IMF findings said. Central bank digital currencies (CBDCs) may not be essential to achieve intended policy goals, according to a survey of 19 central banks in the Middle East and Central Asia (ME&CA) region by the International Monetary Fund (IMF). The survey also said that…