Author: NBTC

Adding Libre’s tokenization gateway to Solana offers users access to Hamilton Lane’s SCOPE fund, the Brevan Howard Master Fund and Blackrock ICS Money Market Fund. Libre’s Solana expansion has garnered close to $20 million in total locked value (TVL) prior to the public launch. Libre, a tokenization-focused startup and joint venture between hedge fund Brevan Howard’s WebN Group and financial services giant Nomura’s Laser Digital, is adding a bevy of blockchain-based funds to the Solana network, including the debut of a Hamilton Lane credit fund. Adding the company’s tokenization gateway to the Solana blockchain will, for the first time, give…

Revolut, the largest fintech by valuation, has received a banking licence in its home country, the United Kingdom. However, the licence is currently in the ‘mobilisation’ stage, also referred to as ‘Authorisation with Restrictions’. The London-headquartered fintech pointed out that many new banks, including challenger banks like Monzo, Starling, Atom Bank, Zopa Bank, GB Bank, and Kroo, have gone through a similar ‘mobilisation’ stage. An ‘Optional’ Route According to the Bank of England’s ‘new bank authorisation process’ guide, the “mobilisation route is optional.” “Mobilisation should not be seen as the stage to commence a firm’s bank-building strategies, processes, and systems,…

This change has been at the center of the recent report “La diffusione dei Crypto-Asset e della Blockchain nel settore finanziario: analisi della domanda dei Consumatori e dell’offerta delle Banche in Italia”, created by Boerse Stuttgart Digital in collaboration with the Osservatorio Blockchain & Web3 of the Politecnico di Milano. The research was presented yesterday, July 23, 2024, at the Fintech District in Milan. Growing Interest of Italians in crypto The Italian Banks and the Offer of Crypto Services Challenges and Future Opportunities for banks and crypto The Italian banks and the relationship with crypto Growing Interest of Italians in…

Blockchain data shows signs that the Bitcoin mining industry is “capitulating,” according to CryptoQuant—a likely precursor to Bitcoin tapping a local price bottom before surging to new highs. CryptoQuant analyzed the metrics for miners, who are responsible for securing the Bitcoin network in exchange for newly issued BTC. As outlined in the market intelligence platform’s Wednesday report, multiple signs of capitulation flashed over the last month, during which time Bitcoin’s price dropped 13% from $68,791 to $59,603. One of those signs includes a significant decline in Bitcoin’s hash rate, the total computational power securing Bitcoin. Since tapping a record-high at…

BitOoda founder Vivek Raman, a former Wall Street trader, predicted a bull future for Ethereum (ETH) in the second half of 2024. According to Raman, three important factors holding ETH back are about to turn into positive winds starting this week. The first factor is the launch of ETH ETFs, which Raman believes will enable new capital to enter the Ethereum ecosystem. “Crypto has largely been a closed loop; the barriers to entry are still very high,” Raman said. “As a result, over the last 2 years we have only seen capital rotation between cryptocurrencies, which is a zero-sum situation.”…

As sanctions keep biting, Russia is exploring gold-backed tokenized assets for cross-border trades, with plans for broader testing by year-end. Russian lawmakers are exploring the introduction of gold-backed tokenized assets, directly managed by the central bank, as a solution for persistent cross-border payment challenges. According to local reports, discussions involving high-profile officials and major banking sources suggest that Russia is evaluating this approach to offer enterprises a stable mechanism for international transactions. However, this initiative isn’t yet in development at the state level. You might also like: Russian parliament passes first reading of bills for crypto use in international trade,…

Peercoin (PPC) is one of the earliest cryptocurrencies, having launched in August 2012 to pioneer the Proof-of-Stake (PoS) consensus. Peercoin price: bears threaten as price drops Most cryptocurrencies that failed to recover following the 2018 bear market continue to struggle after also underperforming during the 2021 bull market. Peercoin, whose price reached highs of $9.45 in January 2018, is such a coin. At prevailing prices, PPC is nearly 95% down from its all-time peak. It only saw mild gains in 2021 and has lagged other altcoins so far. However, this altcoin saw some upside action in recent weeks amid a…

MOSCOW, July 25 (Reuters) – The increased use of digital assets in cross-border settlements between Russia and China is easing bilateral payment issues, digital platform Qifa told Reuters, as some settlements directly through banks are taking months to clear due to sanctions. Qifa, founded in 2013 and Chinese owned, initially focused on importing Chinese consumer goods to Russia. This year, however, it launched bilateral trade, tapping into surging trade between the two countries even as the threat of secondary U.S. sanctions on Chinese banks complicates payment flows with more stringent compliance procedures. The dwindling pool of banks in China willing…

In an exclusive development, Informal Systems has collaborated with Starknet. The partnership between Starknet and Informal Systems targets improving interoperability and decentralization. Informal Systems took to its official social media account to provide the details about this move. 1/ @Starknet 🤝 @informalinc Part 1️⃣We’ve teamed up with @Starknet to enhance decentralization and interoperability in the Ethereum L2 space.Combining StarkWare Industries, the @StarknetFndn, and our expertise promises something extraordinary.Collaboration is 🔑 ⤵️ pic.twitter.com/1kiBBLRdUB — Informal Systems 🌱 (@informalinc) July 24, 2024 Informal Systems Joins Forces with Starknet to Increase Interoperability and Decentralization The platform noted in its exclusive X post that…

The Fed’s Chairman Jerome Powell spoke at Sintra yesterday and doubled down on his moderate tone shown recently. Powell reinforced that the Fed needs to be more confident before cutting interest rates, highlighted that a 4% unemployment rate is “still very low,” the return of disinflation, and that he doesn’t see 2% inflation this year or the next. As a result, Bitcoin (BTC) registered a 2.7% pullback in the past 24 hours and lost the $60,000 price level for most of Wednesday. Moreover, the outlook doesn’t look grim only in the short term after Powell’s remarks. Ben Kurland, CEO of…