Author: NBTC

Bitpanda’s crypto offering in partnership with Raiffeisen Bank has been extended beyond Vienna to 55 bank branches across Austria. The crypto exchange is opening a Dubai office, making UAE the choice of its first expansion outside of Europe. European crypto exchange Bitpanda expanded its partnership with the Vienna-based unit of Austrian lender Raiffeisen to offer crypto to customers at 55 bank branches across the country, the firms said on Wednesday. Earlier this week, Bitpanda said it was opening a Dubai office, making UAE the choice of its first expansion outside of Europe. A clear regulatory framework is essential for crypto…

In a latest development, dWallet Network has announced its integration with Celo. Celo is a mobile-first and EVM-compatible blockchain network. This collaboration aims to bring native multi-chain DeFi capabilities to the Celo ecosystem, opening up new possibilities for developers and users alike. Welcome to the Celo ecosystem, @dWalletNetwork! 🤝dWallet’s non-collusive multichain layer will soon deploy on Celo, unlocking native multichain DeFi applications ⛓️🧵 Keep reading for more on the integration & why it matters↓ pic.twitter.com/USjD2MO8gG — Celo 🦇 🌳 (@Celo) May 7, 2024 Revolutionizing DeFi with dWallet Integration dWallet is a groundbreaking infrastructure that enables control over any asset and…

The Dollar Index’s (DXY) recent pullback has crypto traders betting on a continued weakness in the greenback and a renewed bitcoin rally. Societe Generale and Scotiabank expect the dollar to remain firm due to divergent interest rate expectations. Barclays said a potential escalation of trade war between the U.S. and China could bode well for the dollar. Crypto traders are anticipating a renewed weakness in the U.S. dollar, which would catalyze risk-taking and extend the rally in bitcoin (BTC). However, some banks are forecasting continued dollar strength. Since mid-March, bitcoin has mainly traded between $60,000 and $70,000, CoinDesk data show.…

Three Asian-based ventures have joined forces to launch Hong Kong’s first-ever ETF liquidity fund. The fund is valued at HK$1b (about $128m), according to a statement published Wednesday. LD Capital and Antalpha Ventures, along with quant trading firm Highblock, have teamed up for the market-making service. Their liquidity fund aims to boost market activity for Hong Kong crypto ETFs. It will ensure smoother trading and more efficient movement of capital within the Hong Kong ETF market, the statement said. How ETF Liquidity Funds Keep Crypto Trading Smooth ETF liquidity funds boost trading ease for specific ETFs by acting like market…

The Solana (SOL) ecosystem gained the spotlight in 2024, as investors turned their attention to new tokens launched there. Part of that happened following an impressive meme coin boom using Solana as the layer-1 infrastructure for millionaire trades. Notably, decentralized finance (DeFi) data from DefiLlama evidence this growth in the ecosystem. The total value locked (TVL) in Solana tokens reached $4.17 billion, a nearly three times increase from the $1.53 billion TVL year-to-date. Together, the daily volume registered by decentralized exchanges grew from $777 million to $900 million in the same period. This is a direct result of increased trading…

Tradu, a trading platform owned by Jefferies’ Stratos Group, went live with a new crypto exchange aimed at active traders on Wednesday. Beginning May 8, crypto traders have the opportunity to invest in more than 40 coins, including Bitcoin and Ethereum on the platform, according to a statement. In a bid to undercut competitors, the crypto exchange said it significantly lowers trading fees. Tradu claims fees are up to 95% lower than other platforms, with a standard commission of just 0.1% and additional rebates for larger trades. The comparison is based on a standard account type and information from broker…

Canaan Inc. announces the release of the new Avalon A15 series A1566 model, a technical breakthrough in Bitcoin mining. The revamped features and upgraded performance of the A1566 model machine will redefine the competitive efficacy of mining. Canaan Sets Benchmark for Energy-Saving Mining Machines The energy efficiency ratio of the new model reaches 18.5J/T, which makes the A1566 new mining machine one of the most energy-saving models in its class. It has a high hashing rate of 185T and a low power consumption of 3420W, which represents a capable balance of productivity and power efficiency. The launch follows the great…

Nayms has teamed up with Coinbase to revolutionize insurance transactions using blockchain technology. This collaboration utilizes Coinbase’s diverse offerings such as Prime, Base, and the Coinbase Web3 wallet, marking a significant step towards integrating blockchain technology into institutional insurance operations. Revolutionizing Insurance with Blockchain Technology Nayms, an innovative digital insurance platform, has embarked on a strategic alliance with Coinbase, the renowned cryptocurrency exchange and services provider. This collaboration leverages Coinbase’s advanced technology stack, including Coinbase Prime and its Ethereum Layer2 solution, Base, to create a seamless transaction experience for insurance entities. ] By integrating blockchain technology, Nayms aims to transform…

Hong Kong is poised to introduce a series of cryptocurrency exchange-traded funds (ETFs), taking a cue from the United States’ efforts. Hong Kong wants its tier 1 level cities to progress in establishing itself as a digital asset hub. Several leading asset managers in China are in the final stages of preparations to launch spot-Bitcoin and Ether ETFs and they are anticipated to start trading by the end of April. These developments are Hong Kong’s ongoing efforts to position itself as a regulated centre for virtual assets, part of its broader strategy to create its image as a modern financial…

The Hong Kong Monetary Authority (HKMA) on Tuesday formed a working committee in order to set industry standards for wholesale CBDC interoperability. The group also aims to facilitate tokenized asset transactions and interbank settlement using wCBDC. “It will make recommendations on specific topics, initially focusing on setting up a mechanism to support seamless interbank settlement of tokenized deposit through wCBDC for tokenized asset transactions.” Dubbed Project Ensemble Architecture Community, the group will assist in the implementation of the Sandbox, slated to launch by mid-2024. The Project Ensemble Sandbox would aid in further research and testing of tokenization use cases, HKMA…