Author: NBTC

Wenia, a digital asset company under the Bancolombia Group, has integrated Chainlink’s Proof of Reserve (PoR) to enhance transparency for its Colombian peso-backed stablecoin (COPW). The integration aims to provide users with real-time visibility into the stablecoin’s reserves and protect against potential infinite mint attacks. “This initiative marks a significant milestone in Colombia’s digital asset landscape, highlighting the growing adoption and integration of cryptocurrencies in the country’s financial ecosystem,” stated Pablo Arboleda, CEO of Wenia. According to the announcement, the collaboration addresses the growing demand for stablecoins in Colombia, where they account for 31% of crypto acquisitions. Monthly crypto transactions…

BTC tested the 200-day SMA line for the first time since October. The focus now is on the trendline representing the surge from October lows. Bitcoin’s (BTC) decline gathered pace Thursday, sending prices under the 200-day simple moving average (SMA), a good indicator of long-term trends in both traditional and crypto markets. The cryptocurrency fell below the 200-day SMA at $58,492 during European hours, putting lows under $57,300, a level last seen on May 2, according to charting platform TradingView. Markets that consistently trade below the 200-day SMA are said to be in a downtrend, while those trading above the…

The XRP Ledger has experienced a surge in activity, with both new and existing addresses reaching levels not seen since March in an unexpected burst that came along with a significant price rise of nearly 29% in a 30-day period. On-chain data reveals a striking uptick in new XRP wallet creation, as in a single day last week a total of 1,721 fresh wallets were created, the highest daily count since March 30. Similarly, the number of active addresses on the XRP Ledger has also soared. A peak of 47,363 individual addresses engaged with the network on a single day,…

Today marks a watershed moment in the US financial markets as the first-ever spot Ethereum ETFs commence trading. Approved by the US SEC, these funds allow investors to directly engage with the world’s second-largest cryptocurrency. Jay Jacobs, BlackRock’s US head of thematic and active ETFs, highlighted Ethereum’s utility, stating, “You could think of Ethereum as a global platform for applications that run without decentralized intermediaries.” The SEC allowed S1 registration statements to become effective on Monday afternoon, giving final approval for the funds to begin trading. This development comes less than three months after spot Bitcoin ETFs were launched in…

Ethereum (ETH) is trending as the Securities and Exchange Commission (SEC) finally approved exchange-traded funds (ETFs) using spot ETH as the underlying asset. Analysts expect an increased demand for Ethereum, benefiting related cryptocurrencies and other tokens as capital inflows to the ecosystem. The native token Ether has seen over 25% gains in two weeks, highlighting the investment opportunity as Wall Street weighs in. In particular, the decentralized finance (DeFi) trader and meme coin enthusiast Clouted explained the dynamic he expects to see. Uniswap (UNI) Uniswap (UNI) is the largest and most used decentralized exchange in DeFi, responsible for most of…

Yona Network, a Solana Virtual Machine (SVM) Bitcoin Layer 2 network, has adopted Neon Stacks to introduce Ethereum Virtual Machine (EVM) compatibility to the Bitcoin network. According to a July 25 statement shared with CryptoSlate, this collaboration aims to drive innovation in the Bitcoin DeFi ecosystem while enhancing accessibility and scalability for decentralized applications (dApps) on the foremost blockchain network. At the same time, the move will also give EVM developers and users access to over $1 trillion in liquidity and assets like Ordinals, Runes, and BRC-20s on the Bitcoin network. Bringing Solana speed to Bitcoin Yona Network’s SVM integration…

Samson Mow, Bitcoin advocate and the chief executive officer at Bitcoin adoption-focused company JAN3, has commented on the current Bitcoin price correction. He has shared his positive take, continuing his recent narrative about diamond hands adding BTC to their long-term holdings. Mow reveals what’s happening to Bitcoin sales Now that Bitcoin continues its aggressive decline and is enclosing on the $57,000 level, Bitcoin maximalist Mow believes that all those who are selling BTC now are just letting cryptocurrency whales buy it. In particular, Mow believes, whales from Bitfinex are buying up all the dips at the moment. Today, the world’s…

Following spot Bitcoin ETFs, spot Ethereum ETFs were finally opened for trading today. Now we are wondering how much investment ETH ETFs will receive. At this point, while it was generally expected that ETH ETFs could experience a significant inflow, although not as much as Bitcoin, Citi estimated that ETFs could experience an inflow of 4.7 to 5.4 billion dollars in the first 6 months. While there is currently a decline expectation for the ETH price, Arkham announced the public addresses of ETF issuer companies. Arkham also revealed how much Ethereum the issuing companies have in their wallets. “We have…

Today, enjoy the Lightspeed newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the Lightspeed newsletter. Howdy! I am touching grass today, so Jeffrey is stepping in with the story of how transactions make it to the blockchain. It’s admittedly a little funny that all this complex infrastructure predominantly helps degens buy memecoins. It reminds me a bit of how liquor goes through a whole long distillation process just to get diluted by cranberry juice or coke. But I digress: The lifecycle of a Solana transaction Solana tends to be so fast and efficient that…

Nexo has renewed its SOC 2 Type 2 audit and completed a new SOC 3 Type 2 assessment, both with no exceptions. Demonstrating its dedication to data security, Nexo expanded the audit scope to include additional Trust Service Criteria, specifically Confidentiality.—Nexo is a digital assets institution, offering advanced trading solutions, liquidity aggregation, and tax-efficient asset-backed credit lines. Since its inception, Nexo has processed over $130 billion for more than 7 million users across 200+ jurisdictions. The SOC 2 Type 2 audit and SOC 3 report were conducted by A-LIGN, an independent auditor with two decades of experience in security compliance.…