Author: NBTC

Hong Kong’s effort in digital currency gains momentum with Microsoft and Ant Digital partnering with the Hong Kong Monetary Authority (HKMA) on a pioneering wCBDC project. Notably, this collaboration marks a key step in bolstering Hong Kong’s status in digital finance innovation. Microsoft’s Focus On Digital Currency Project In a pioneering move, the Hong Kong Monetary Authority (HKMA) has unveiled plans for a wholesale Central Bank Digital Currency (wCBDC) pilot. This strategic move is aimed at exploring tokenized deposits and assets, as well as establishing a platform for central bank digital currency settlement. Besides, the initiative, known as “Project Ensemble,”…

Decentralized protocol Injective has announced the launch of its inEVM layer 2 accumulative solution on the mainnet. According to a post from the Injective team on Mar. 7, Injective is launching inEVM on the mainnet, the first Ethereum Virtual Machine capable of achieving true composability across Injective and Ethereum. 1/ Injective #inEVM is live on mainnet, the first ever rollup designed to supercharge concurrent VM development.inEVM enables Ethereum developers to build dApps that leverage blazing fast speeds & near zero fees while achieving composability across WASM and EVMRead on 👇 pic.twitter.com/OXtPQTVnvx — Injective 🥷 (@injective) March 7, 2024 “Injective’s inEVM…

In a significant development in the blockchain arena, CyberConnect has announced the launch of ‘Cyber,’ a groundbreaking Layer 2 (L2) solution, crafted explicitly for the social domain and poised to fuel mass adoption of Web3. Revealed through a tweet, the initiative is a collaborative effort powered by EigenLayer and Optimism, and in partnership with AltLayer. Cyber emerges as the first modular L2 solution distinctly engineered for social engagement and widespread acceptance. It addresses the pressing need for a decentralized social framework that empowers user ownership and redistributes the value currently monopolized by Big Tech giants. By leveraging this new platform,…

Defendants Binance, Binance.US, and co-founder Changpeng “CZ” Zhao have filed a joint response to plaintiff U.S. Securities and Exchange Commission (SEC) trying to emphasize the relevance of default judgment in Coinbase insider trading case SEC v. Wahi in the Binance lawsuit. Binance Response to US SEC’s Supplemental Authority In a court filing late March 8, Binance Holdings submitted a response to the U.S. SEC’s notice of supplemental authority. Binance attorneys said the Wahi default judgment came in response to no opposition by defendant Sameer Ramani in the Coinbase insider trading case and the decision simply recited the SEC’s statutory arguments.…

Although the leading cryptocurrency Bitcoin reached $ 69,000 on March 5, it could not stay there due to the selling pressure it faced. While BTC is expected to make another attack soon and reach a new ATH, all eyes are on Bitcoin and Ethereum options that will expire today. According to the news of Singapore-based crypto options data platform Greeks.live, 29,000 BTC and 2700,000 ETH options will expire on March 8. Accordingly, while the Put/Call Ratio of BTC options is 0.86, the maximum loss point is $60,000 and the notional value is $2 billion. Looking at Ethereum, ETH options have…

OKX Ventures, the investment arm of leading cryptocurrency exchange OKX, has made a strategic move by investing in DeBox. It is a decentralized social networking platform tailored for Web3 communities and Decentralized Autonomous Organizations (DAOs). With over a million active users, DeBox has emerged as a prominent player in the evolving landscape of decentralized social media. learn here 👉 https://t.co/QAxwxcOIR4#okxventures #debox #social #dao — OKX Ventures (@OKX_Ventures) March 8, 2024 Because it has worked hard to meet Web3 community needs for years, DeBox now has over 10 million posts and 690,000 mobile users. Many features simplify use and encourage community…

In a groundbreaking collaboration, TRON and APENFT have announced the introduction of a revolutionary innovation: the redeemable inscription. This marks a significant advancement in the realm of Non-Fungible Tokens (NFTs), promising novel opportunities for both seasoned investors and newcomers to the space. The unveiling of this innovation coincides with the highly anticipated launch day of the TRONscription Market, where participants will have the unique opportunity to engage with the first-ever redeemable inscription tied to the $NFT token. The partnership between TRON and APENFT underscores a shared commitment to driving innovation and pushing the boundaries of what is possible within the…

Flipside’s “EVM Smart Contract Deployment Snapshot” report reveals that 637.9 million Ethereum Virtual Machine (EVM) smart contracts deployed since January 2022, signaling a seismic shift in developer and user activity on blockchain platforms. Polygon and BNB Smart Chain are at the forefront of this surge, with Optimism alone accounting for two-thirds of the total EVM smart contract deployments in 2024. Ethereum’s Dencun upgrade, which is set to happen on Mar. 13th and is expected to lower layer-2 gas fees, could further catalyze the diversification of smart contract deployments, according to the report. Developers increasingly opt for financially innovative, utility-driven blockchain…

A Chinese lawmaker has proposed amending Article 144 of the country’s Code of Criminal Procedure to make it easier to interrogate and freeze suspects’ virtual currency and other assets. The MP stated that the current system has difficulties in capturing, storing and evaluating virtual currencies. Jiang Fan, a deputy of the National People’s Congress and chairman of the board of Hunan Renren Law Firm, suggested in an interview with “Rule of Law Daily” that the virtual currency destruction system involved in the case needs to be urgently improved. “The disposal of virtual currencies has become a key and difficult issue…

The U.S. Spot Bitcoin ETF market remains a hotspot for investors, accumulating a staggering around 175,000 BTC since its launch despite Grayscale’s heavy outflow. Notably, the Bitcoin ETFs also continued their robust momentum this week, while Fidelity FBTC recorded its highest inflow on March 7 since its launch. However, the latest data also suggests that the BlackRock influx has cooled this week, sparking curiosity among investors. U.S. Bitcoin ETF Accumulates 175K BTC Since the inception of the U.S. Spot Bitcoin ETF, investor interest has skyrocketed, with total inflows reaching $9.36 billion, equivalent to 174,881.2 BTC. On March 7 alone, these…