Author: CryptoHoppers
On February 14, 2024, Citi Bank, in collaboration with Wellington Management and WisdomTree, achieved a significant milestone by conducting a proof of concept on the tokenization of private funds. This groundbreaking initiative took place on the Avalanche Spruce institutional test Subnet, showcasing the potential of smart contracts to transform traditional assets.Here’s more information about this clever undertaking.Simplifying a $10 Trillion Asset ClassThe proof of concept focused on tokenizing private funds, an asset class worth $10 trillion known for its complexity, manual processes, and lack of standardization and transparency.Citi Bank partnered with WisdomTree and Wellington Management to carry out the trial…
Quicknode, a leading blockchain infrastructure provider, has officially expanded its offerings to include support for Zksync hyperchains, enhancing its custom chains solution portfolio. This development introduces a new level of scalability and privacy for businesses leveraging blockchain technology, facilitated by the integration of cutting-edge zero-knowledge (ZK) proofs via a partnership with Matter Labs. Quicknode Reveals […] Source link
The digital art landscape is undergoing a transformation, marked by the resurgence of historical artistic movements reimagined through the lens of modern technology. Among these, Neo-Precisionism stands out as a compelling bridge between the geometric aesthetic of early 20th-century art and the boundless possibilities offered by Web3 and crypto art. This movement not only revisits but also revitalizes the principles of Precisionism to reflect contemporary themes, making it particularly relevant for today’s digital creators. The Evolution from Precisionism to Neo-Precisionism Early 20th-Century Precisionism: With its roots in the 1910s and 1920s, Precisionism celebrated industrialization and the modern landscape through abstract…
Over the past seven days, the Shiba Inu price has shown strong signs of a bullish reversal. A technical analysis of Shiba Inu (SHIB) against the US Dollar (USD) reveals a compelling narrative of a breakout from a bearish pattern that could signal a strong bullish reversal. Shiba Inu Price Confirms Breakout Since mid-December 2023, SHIB has been trading within a descending parallel channel, as observed on the daily chart. This channel, characterized by two parallel downward-sloping trendlines, has framed the price action, creating a series of lower highs and lower lows—a classic bearish signal within market structure. The breakout…
Dubai, UAE, February 14th, 2024, Chainwire CoinMarketCap Research’s latest analysis examines APENFT and its mission to bridge physical fine art and NFT technology. The report explains how APENFT registers renowned traditional artworks on-chain as non-fungible tokens (NFTs). By converting famous paintings into NFTs, the project demonstrates expanded use cases for NFTs beyond digital collectibles. The report reveals how this process creates new avenues for artists to engage collectors by tokenizing their physical masterpieces. Unlike most NFT projects focused solely on digital artwork, APENFT takes this approach to pioneer new models of connecting real-world art with Web3 infrastructure. These on-chain versions…
Bitcoin’s ascent beyond the $51,000 mark has propelled the Crypto Fear and Greed Index (CFGI) into the “greed” territory, registering a notable 74 out of 100. Just a day earlier, the CFGI soared to an impressive peak of 79, denoting “extreme greed” and marking its highest point since 2021. Crypto Fear and Greed Index Score […] Source link
As cryptocurrencies continue to grow in popularity among retail and institutional investors, crypto exchanges are competing to provide the most robust and seamless trading experiences. Coinbase, one of the largest cryptocurrency exchanges globally, recently launched Coinbase Advanced Trade, replacing its previous advanced trading platform Coinbase Pro. Coinbase Advanced Trade offers a dedicated space tailored specifically for advanced crypto traders. The goal is to consolidate all of Coinbase’s services into one streamlined and intuitive platform to meet traders’ needs. This eliminates the complications traders previously faced in having to transfer between Coinbase’s various products. A key focus in developing Advanced Trade…
In a bold move that intertwines the legacy of Ethereum with the innovation of contemporary NFT platforms, Magic Eden is set to revolutionize the digital art and collectibles space. Scheduled for February 27, the launch of Magic Eden’s Ethereum marketplace is not just another entry into the crowded space of NFT platforms. It represents a strategic collaboration with heavyweight projects like Bored Ape Yacht Club (BAYC), Azuki, and Pudgy Penguins, alongside a tech partnership with Limit Break. This initiative is poised to redefine what creators and collectors can expect in terms of cost efficiency and support for creator rights. We’re…
Getting a second credit card can bring you more purchasing power, access to better rewards and increase your credit score. However, it also has its disadvantages. In this article, we’ll explain how to choose the best second credit card as well as the pros and cons of getting a second credit card. The benefits and disadvantages of getting a second credit card A second credit card can be a smart decision, but it can also introduce some additional risks and costs. Let’s quickly summarize the main benefits and disadvantages of getting a second credit card. Increased purchasing power Potential to…
Posted: November 11, 2020 China Construction Bank Corporation which is one of the “big four” banks in the People’s Republic of China is reportedly launching the sale of $3 billion worth of debt on a blockchain. The digital bonds can be bought for US dollars or bitcoin and will be listed on a regulated Malaysian digital asset exchange. However, this would be “the first digital security” issued by a Chinese bank on blockchain tech, according to the Principal officer of the bank’s Malaysian branch, Felix Feng Qi. Chief executive at Fusang Exchange, Henry Chong said in a statement: If this…