NFT News Today TheBittimes.com

An institutional-grade digital asset infrastructure provider is reportedly launching a new stablecoin payment protocol for international use. According to a new article by Fortune, crypto custody provider Fireblocks is launching a new system designed for blue-chip financial firms, allowing them to seamlessly and efficiently move stablecoins between each other as well as build stablecoin products. Michael Shaulov, cofounder and CEO of Fireblocks, told Fortune in an interview that the new protocol – called the Fireblocks Network for Payments – was created to give users of stablecoins access to banking relationships and regulatory licenses they may not have access to themselves. According to Shaulov, other firms attempting to build such a platform could struggle with the costs. As stated by the executive, “Either it’s super expensive from an engineering standpoint and takes them a lot of time, or if they’re starting to do it manually, then, of cou...

According to The Financial Times, China is eyeing a yuan (aka renminbi) stablecoin for both internal and external use, but as even The Financial Times article makes clear, no one knows how it would work or why the Chinese Communist Party (CCP) is so keen to create one. While the piece does make clear that the CCP is “arguing that the success of dollar-backed tokens is cementing the US currency’s dominance in the global economy,” it fails to identify how a tightly controlled renminbi stablecoin could either exist or impede the continuing US dollar global hegemony over the financial system. Without getting into the lack of Chinese central bank independence or how the yuan has been structured to keep Chinese exports cheap, the yuan is a weird currency. This is to say that there actually exist two yuans: one for domestic use and one for offshore markets, and they trade at slightly different values (as of writing, CNY, or domestic yuan, trades at 7.189 per US dollar, while the CHN,...

The Coinbase government partnerships now include 145 US and another 29 global government entities. This expansion marks a very important milestone in government crypto adoption and also for institutional cryptocurrency integration. The company is positioning itself as the primary facilitator for blockchain technology in government as crypto regulations continue to evolve. Also Read: De-dollarization and the Digital Currency Battle: Why Gold-Backed Stablecoins Could Replace the USD How Coinbase’s Government Deals Shape Crypto’s Future & Regulation Source: Reuters Coinbase Strengthens Government Alliances The Coinbase government partnerships have grown dramatically across federal, state, and also local levels. CEO Brian Armstrong also highlighted this expansion in a recent social media post. Armstrong said: “Across federal, state, and local, Coinbase now works with 145 government entities in the U.S. and 29 government entities outside the U.S. In the wake of the U.S. Str...

Written by: GaryMa, WuBlockchain In February, blockchain technology had the following major updates: Bitcoin ● Zero-Knowledge Gossip for Lightning Network Channel Announcements : A recent proposal suggests improving channel announcements using “zero-knowledge gossip,” a privacy-preserving technique. This allows other nodes to verify whether a channel is valid (backed by funds) without revealing specific details, preventing malicious attacks while protecting user privacy. ● Erlay Protocol Update : Erlay is a new approach aimed at reducing the bandwidth (data traffic) required for transaction propagation in the Bitcoin network. Research indicates that by adjusting “fanout” (the method of broadcasting transactions) and “set reconciliation” (efficient data synchronization), bandwidth usage can be reduced by 35%-45%, though it may slightly increase transaction propagation delays. ● Simulating the OP_RAND Opcode : Bitcoin currently lacks direct support for random number operations (OP_RAND)....

Bybit suffered a historic $1.4 billion hack, raising concerns about exchange security and new crypto listings . Despite this, Mark Cuban dismissed market-wide implications but questioned whether Bybit had insurance. The breach highlights risks in crypto investments, impacting investor sentiment and trust in digital asset exchanges.   Bybit reassured users by securing a bridge loan and maintaining withdrawal operations despite missing Ethereum reserves. Competitor Bitget supported recovery efforts by blacklisting hacker wallets and transferring 40,000 ETH to Bybit. This event influences investment decisions as traders evaluate security risks before engaging with exchanges and emerging projects. New Cryptocurrency Releases, Listings, & Presales Today Rivalz Network pioneers decentralized computing through its World Abstraction Layer, enabling AI agents to interact autonomously.  Sixpack Token gamifies fitness by converting burned calories into blockchain-mined rewar...

The world’s largest custodian bank State Street & Citi Bank is launching crypto custody services, according to a report from The Information. State Street holds over $44 trillion in assets, while Citi holds around $2.14 trillion as of writing. Banks across the United States are beginning to give more attention to the digital asset industry. With the Federal Reserve’s recent decision to let Banks make their own responsible decisions around housing crypto, multiple institutions are deciding to launch custody services. The addition of crypto ETFs in 2024 was also a huge help, as those have been successful since launch. State Street currently houses three actively managed digital assets and disruptive technology-focused ETFs sub-advised by Galaxy Asset Management. Also Read: SEC Crypto Task Force Talks Integrating Staking into ETPs “Digital assets and blockchain technology have the power to transform financial markets as well as the economy over the next decade, and a number of ...

MIND of Pepe is a new crypto project that merges the engaging appeal of meme coins with the advanced technology of AI agents. This token draws inspiration from the popular Pepe meme, aiming to capitalize on its cultural success while introducing a new narrative within the crypto market. The cryptocurrency market’s rapid expansion has created a fragmented and complex ecosystem, inundating participants with excessive information and making it difficult to identify valuable trends or early-stage opportunities. Key insights and early access are often restricted to a select few with insider connections or advanced tools, while traditional resources fall short in delivering real-time intelligence or engaging effectively with the decentralized communities driving the market. MIND of Pepe addresses these challenges with its advanced, self-sovereign AI agent. By utilizing hive-mind Analysis , it transforms vast amounts of data into actionable real-time insights and autonomously engages ...

SEC extends the review period for Bitwise’s multi-crypto fund conversion to the exchange-traded product until March. The $1.4 billion fund currently holds ten cryptocurrencies, with Bitcoin dominating the portfolio allocation. This regulatory scrutiny creates uncertainty for cryptocurrency products transitioning to regulated exchange environments. Investment sentiment remains cautious as markets await the SEC’s decision on multi-crypto investment vehicle structures. The potential approval could significantly improve liquidity and reduce manipulation risks in cryptocurrency trading. New crypto listings are adapting their strategies to align with evolving regulatory frameworks. New Cryptocurrency Releases, Listings, & Presales Today Cerebro’s strategic partnerships with Tesseract AI and ZORA enhance its trading ecosystem and market connectivity. Cryptify AI redefines social media marketing with AI-driven insights connecting on-chain data to performance metrics. A...

It looks like DOGE has just surpassed XRP in market cap, marking a pretty significant shift in cryptocurrency trends that are reshaping blockchain technology dynamics right now. As of November 10, 2024, Dogecoin sits at around $0.188, grabbing the sixth spot, while XRP seems to be testing some key resistance levels amid evolving blockchain technology patterns. Also Read: Tim Cook’s Crypto Portfolio: Apple CEO’s Bitcoin Holdings Exposed Crypto Market Trends: DOGE Surpasses XRP Amid Market Cap Shift Source: Watcher Guru DOGE’s Historic Breakthrough DOGE broke through what traders call the 50% Fibonacci level on November 9th, 2024. This move was pretty huge – pushed its market value right past several major coins. It’s now sitting at number six, just behind the big players like Bitcoin, Ethereum, Tether, Solana, and BNB. XRP’s dropped to eighth behind USDC, showing just how serious this market cap shift really is. CoinCodex‘s experts had this to say: ”Ac...