Author: NBTC
Fourteen of Europe’s leading banks are pushing back against the European Central Bank’s plan for a digital euro. They argue the project could weaken private payment systems ahead of crucial parliamentary discussions in Brussels this week. Lawmakers are now calling for a scaling back of the initiative, arguing that it lacks clear benefits and risks duplicating market-led innovation. Meanwhile, the EU’s crypto regulation framework may unintentionally advantage US issuers. Bank Revolt Challenges Digital Euro Plan The European Central Bank’s ambition to launch a digital euro by 2029 is encountering growing resistance across the continent. Fourteen major lenders —including Deutsche Bank,…
The cryptocurrency market in Japan is growing rapidly as more people purchase digital coins and exchanges prepare for more lenient regulations. Japanese investors held a record ¥5 trillion ($33.16 billion) in crypto as of July. Exchanges are also offering new services, forming partnerships, and expanding trading nationwide to attract more people to invest. Exchanges are adding services and new features to attract more people Many people in Japan are seeking new ways to grow their money, as the cost of goods and services is rising faster than their wages, and both savings accounts and government bonds yield very low returns.…
The Ethereum staking landscape is experiencing unprecedented demand, with over 1.5 million ETH now queued for validator activation. This massive backlog represents billions of dollars worth of cryptocurrency waiting to secure the network and earn rewards. Meanwhile, the unstaking queue stands at an even larger 2.45 million ETH, creating an interesting dynamic for Ethereum investors and validators alike. What Does the Ethereum Staking Queue Mean for Investors? The growing Ethereum staking queue indicates strong confidence in the network’s long-term potential. When investors stake their ETH, they’re essentially locking up their assets to help validate transactions and secure the blockchain. However,…
The US Consumer Price Index (CPI) data, which was normally due to be released on October 15, could not be released due to the government shutdown. The delayed CPI data will be released today, October 24th, and the world is waiting for US inflation figures. These figures are expected to provide further clues regarding the Fed’s meeting next week. Meanwhile, the US government remains closed. Republicans and Democrats are still unable to reach a budget agreement, and the interim budget bill, on its 12th vote in the US Senate, fell short of the 60 votes needed for passage. The US…
South Korea’s leading digital asset exchange Upbit announced that it will provide trading support for the altcoin Intuition (TRUST) on the KRW, BTC, and USDT markets. Upbit Announces New Listing and Price Criteria for Intuition (TRUST) Token According to the exchange’s statement, Intuition (TRUST) trading will begin at 8:00 PM, and deposits and withdrawals will be supported via the Base network. Upbit stated that TRUST will undergo a preparation period to ensure sufficient liquidity at the start of trading. Trading start times may vary depending on market liquidity conditions. Additionally, it was announced that the minimum sell price will be…
Tokenized equity specialist Dinari is tapping oracle network Chainlink LINK$14.92 for pricing data to bring the S&P DJI’s upcoming crypto-focused index onchain, the firms told CoinDesk on Wednesday. The S&P Digital Markets 50 Index will track 35 public companies involved in blockchain tech and 15 top cryptocurrencies. Dinari will create a token of the index using its “dShares” offering, allowing investors to gain exposure to traditional financial (TradFi) and crypto markets through a single digital asset. Each dShare is backed 1:1 with the underlying stock and held by a regulated custodian, preserving rights such as dividends and redemptions. While S&P…
Analysts like Joseph Young project that Ethereum’s market capitalization could climb into the trillions from its current level of $386 billion. This is simply because EIP-4844 makes Ethereum faster and cheaper to use, thus more transactions happen and more ETH is burned. Bitcoin (BTC) remains the largest digital asset with a market capitalization of $1.9 trillion, while Ethereum (ETH) follows as the second-largest with roughly $386 billion. Yet, analysts suggest Ethereum’s economic model may position it for even stronger long-term appreciation, potentially driving it toward a trillion-dollar valuation. According to Joseph Young, a market analyst and long-time Ethereum enthusiast, Ethereum’s…
Despite growing expectations of an imminent altcoin season, industry insiders are pointing to capital flowing back into Bitcoin and corporate cryptocurrency treasury firms, raising doubts about the traditional crypto market cycle. Corporate digital assets treasuries (DATs) have syphoned around $800 billion worth of retail investor capital from the altcoin market, according to crypto market intelligence company 10x Research. “Liquidity, momentum, and conviction have all migrated elsewhere, leaving the altcoin market eerily quiet,” 10x Research wrote in a Friday blog post. “Our models show a decisive rotation back into Bitcoin, even as Korean retail traders, once the heart of altcoin speculation,…
On Nov. 4, Democratic Party candidate Zohran Mamdani won the New York City mayoral election, beating ex-New York state governor Andrew Cuomo and GOP favorite Curtis Sliwa. Mamdani is not an outspoken opponent of cryptocurrencies. Neither is he a prominent ally. However, the crypto community flooded X with commentary on Mamdani’s victory, voicing support, rage, and indifference. Summary Mamdani is championing making New York an affordable city for working-class families. His platform includes freezing rents, setting free buses, and building affordable housing. Another staple of his campaign is increasing taxes for the rich and corporations. Given that NYC is a…
As part of her latest undertaking in crypto, Iggy Azalea is trying to prevent celebrities from profiting on Solana-based tokens at the expense of their fans. The Australian rapper, who created a meme coin last year, is joining Thrust as creative director and strategic partner, according to a press release shared with Decrypt. The platform, which seeks to eliminate so-called pump-and-dump projects, was unveiled on Wednesday. Thrust is trying to reshape how tokens tied to celebrities are broadly perceived, with an emphasis on participation, as opposed to speculation. In that sense, Thrust says it offers users culture coins, as opposed…