Monat: April 2024

• BCB Group migrates custody to Metaco’s platform, enhancing security and governance.
• Ripple’s strategic acquisition of Metaco strengthens its position in the crypto industry.
• The collaboration aims to drive innovation and efficiency in digital asset operations.

In a strategic maneuver in collaboration with Ripple, Metaco, and IBM Cloud, BCB Group has transitioned its custody operations to Metaco’s platform, a move aimed at streamlining its digital asset management. The London-based firm, known for providing payment and trading services to major crypto institutions, including Gemini and Kraken, has chosen Metaco’s flagship platform to enhance the security and efficiency of its operations.

This decision marks a significant shift for BCB Group, which has migrated from a third-party digital asset technology provider to leverage Metaco’s advanced custody orchestration platform.

With this move, BCB Group aims to centralize its custody technology, ensuring a seamless and secure environment for managing digital assets.

BCB Group’s Co-founder and CEO, Oliver Tonkin, expressed enthusiasm about the collaboration with Ripple, Metaco, and IBM Cloud, emphasizing its role in delivering superior services to the digital asset ecosystem.

The consolidation of custody technology onto Metaco’s platform aligns with BCB Group’s commitment to providing top-tier services while adhering to the highest standards of security and compliance.

Metaco’s rise after acquisition by Ripple

Ripple’s acquisition of Metaco for $250 million last year underscores the company’s strategic vision to expand its presence in the crypto industry.

While recent changes in Metaco’s leadership have been reported, including the departure of its CEO and chief product officer, the collaboration with BCB Group highlights Ripple’s continued efforts to strengthen its position in the market.

Metaco’s custody platform offers advanced security features and robust governance mechanisms, making it an ideal choice for institutions seeking to optimize their digital asset operations.

By partnering with Metaco, BCB Group aims to capitalize on the platform’s capabilities to scale its commercial offerings and navigate evolving regulatory requirements effectively.

Overall, the collaboration between BCB Group, Ripple, Metaco, and IBM Cloud represents a strategic alliance aimed at driving innovation and efficiency in the digital asset ecosystem. With BCB Group’s migration to Metaco’s platform, backed by Ripple’s expertise, the firm is poised to elevate its custody operations to new heights, catering to the evolving needs of institutional clients in the crypto space.

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• Solana developers target TX bug fix, with a patch expected on April 15.
• Helius Labs CEO says issues are a result of “an implementation bug, not design flaw.”

Solana developers are reportedly targeting April 15 as the date to implement a fix on transaction issues that recently plagued the blockchain network.

This comes after Solana’s explosive meme coins ecosystem came with a remarkable surge in activity. A pike for the likes of dogwifhat helped push SOL price higher. But the increased volume also came with a surge in volume that impacted network performance.

It’s an implementation bug, not design flaw

Commenting on the recent issues, Mert Mumtaz, CEO of Helius Labs, noted in a post on X that these are more about an “implementation bug” that a “design flaw.”

“It is important to make this distinction because implementation errors are usually trivial (they can be swapped out for other implementations) — but design errors are generally serious and more fundamental,” the Helius Labs CEO pointed out on X.

According to Mumtaz, the expected date for the patch is April 15. However, if other issues arise, the fix could be delayed, he added.

Solana is a top blockchain platform in the burgeoning DeFi and NFT ecosystem, with network efficiency and low transaction fees key features.

However, it has faced multiple network issues, including outages. Recently, the network saw a reported 75% rate of failed transactions.

While that ratio has significantly reduced to around 58%, Solana developers are looking for a fix.

“Solana is using a networking protocol called QUIC. An implementation of that protocol has certain deficiencies and bugs right now,” the developer noted.

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• NEO price soared more than 40% to hit a two-year high above $22.
• Toncoin extended gains seen on Monday as price discovery drove TON to a new all-time high.

The crypto market recorded a decent bounce on Monday, with Bitcoin price hitting highs above $72,000 to buoy multiple altcoins. Toncoin and NEO are some of the top performers in the past 24 hours. Here is a brief price outlook for TON and NEO.

Both altcoins are extremely bullish as analysts share predictions for BTC ahead of Bitcoin halving.

Toncoin price prediction as TON extends gains

Toncoin (TON) is one of the coins to surge amid the BTC bounce. As highlighted yesterday, Toncoin price rose to a new all-time high as fresh bullish momentum hit the crypto space.

Read more: Toncoin (TON) price hits a new all-time high

TON has extended its gains to a new all-time high of $6.96, with price up more than 23% in the past 24 hours. Toncoin’s trading volume has increased more than 600% in this period, reaching over $843 million at the time of writing.

Toncoin price chart

A look at the daily chart shows the Toncoin token price is above the 50-day exponential moving average. RSI and MACD indicators also suggest bulls have an upper hand.

With price in discovery mode amid overall bullishness for the coming months, it is possible TON price could target $10 and possibly higher.

On the downside, bulls may have immediate support around $6.34 and a robust demand reload zone around $5.00

NEO price prediction: What next after 40% surge?

The price of NEO spiked more than 40% on April 8, surging as to highs of $22.46. This saw NEO reach a two-year high, with prices at levels last in April 2022.

Gains also extended NEO’s upside above the tough hurdle around $18.15. The upswing brings the recent resistance zone at $16.93 into play as a potential reload zone for buyers.

NEO price chart

On the upside, NEO could retest prices at March 31, 2022 highs of $29.63. A bullish flip could catapult NEO/USD to November 2021 highs of $41.49.

Currently, NEO is trending around $21.06 as some traders take profits. While the paring of gains could increase with a dip below $20.00, its likely bulls remain in control. The daily RSI and MACD indicators suggest this scenario.

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