Author: NBTC
Stablecoins, digital tokens tied to predominantly fiat currencies like the U.S. dollar, will balloon to a $1.2 trillion market by 2028 and even have an impact on U.S. debt markets, Coinbase analysts projected in a Thursday report. The forecast, published by the exchange’s research arm led by David Duong, is based on a stochastic model simulating thousands of growth paths for the stablecoin sector. To swell almost five-fold from the current market size of $270 billion, the asset class “relies on incremental, policy-enabled adoption compounding over time,” the report said. Stablecoin issuers such as USDC (USDC) issuer Circle (CRCL) and…
The European Central Bank (ECB) has responded to claims that the digital euro could be run on public blockchains such as Ethereum or Solana. The ECB announced that different technologies are being evaluated, but a final decision has not yet been made on this matter. Following the adoption of the stablecoin law in the US last month, European Union (EU) officials have decided to accelerate their plans for a digital euro. The new regulation adds a $288 billion regulatory framework to the stablecoin market and has raised concerns in Europe that dollar-based tokens will become increasingly dominant in the global…
Bitcoin (BTC), Etheruem (eth) and altcoins have been experiencing a correction in recent days. At this point, Bitcoin fell to $112,000 after reaching a new ATH of $124,000 last week, while Etheruem, which was said to reach a new ATH, fell from $4,800 to $4,000. While expectations for a new ATH for Ethereum are still ongoing, the ETH report came from US banking giant JPMorgan. According to Coindesk, JPMorgan analysts said that the increase in both ETFs and corporate treasuries could further push the price of Ethereum. To this point, JPMorgan analysts said Ethereum was outperforming Bitcoin, supported by strong…
Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s too high and has been trending upwards over the past year,” she said. “If the meeting was tomorrow, I would not see a case for reducing interest rates.” She further argued that inflation numbers are only beginning to show the impact of tariffs and that…
An Australian businessman has been accused of misleading investors after his crypto firm collapsed. Christopher Flinos was banned in the Cayman Islands and Abu Dhabi after his crypto company Hayvn collapsed amid fraud allegations back in Melbourne. According to reports, Christopher Flinos ran the company, which paraded itself as a regulated and compliant payment solution for the authorization, clearing, and settlement of cryptocurrency payments. The company also earned a license to operate in the Cayman Islands. However, his company’s license was canceled by the Cayman Islands Monetary Authority (CIMA) in June, banning Flinos from being a company director in the…
Ethereum’s rally in early August drove the largest altcoin to a cycle peak of $4,793 by August 14, marking one of its strongest performances of the year. However, the sharp rise also triggered a wave of profit-taking, which has since put significant pressure on the asset and caused it to lose much of its recent gains. With selloffs intensifying in the derivatives market, ETH now faces the risk of a breakdown below the $4,000 price mark. ETH Faces Heavy Sell Pressure ETH’s price has been weighed down by the bearish tilt in sentiment among its derivatives traders. This is reflected…
Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add exposure. “We raised over $100 million in just a few months, and the response from LPs has been encouraging,” said Jason Huang, founder of NextGen Digital Venture. He said that his investors are primarily family offices and tech entrepreneurs who see digital assets becoming important…
Vancouver may use Bitcoin mining heat to warm the Kitsilano Pool. The Mayor proposes Bitcoin taxes and reserves to strengthen city finances. Public input will guide decisions on pool heating and Bitcoin adoption. Vancouver might soon use Bitcoin mining for more than financial gain. City leaders are considering channeling the heat from mining rigs into the Kitsilano Pool, a beloved public swimming spot. The plan surfaced during the Learning Bitcoin conference, where Mayor Ken Sim joined conversations on weaving Bitcoin into municipal services. Imagine swimmers enjoying warm water powered by digital gold—an idea blending creativity with practicality and stirring excitement…
The Solana ecosystem is taking a leap into hardware with the forthcoming launch of its first handheld gaming console. Play Solana, a project dedicated to building a Web3 gaming device on the Solana blockchain, announced that it will start shipping its Play Solana Gen 1 (PSG1) device on Oct. 6. The device comes with gaming-ready specs, including an octa-core ARM processor, 8 gigabytes of RAM, WiFi and Bluetooth connectivity and a touch LCD display. It also includes a built-in hardware wallet and fingerprint authentication, allowing users to store crypto assets while playing games. It also launched a limited non-fungible token…
ETH Strategy, a DeFi protocol that mimics corporate treasury operations on-chain, is now deploying its ETH into yield-generating positions through a partnership with Etherfi, a non-custodial liquid staking protocol. According to an Aug. 18 blog announcement, allocations to partners like Etherfi are “intended to generate sustainable ETH-denominated returns as part of the ETH Strategy treasury program.” Users will get on-chain receipt tokens for each position, which act as a live, verifiable “proof of reserves,” ETH Strategy explained. ETH Strategy, which has over 11,000 ETH in its treasury, says the integration is “designed to sit alongside other DeFi venues as we…