Author: NBTC

Galaxy Digital Inc., a global leader in digital assets and data center infrastructure, has expanded its presence in the UAE through an office in ADGM’s international financial center to support institutional-grade digital asset trading and infrastructure in the MENA region. Galaxy already has $17 billion of assets on its platform and is one of the world’s leading providers of liquidity in the digital asset space. It also has an 800MW Total Approved Capacity at Galaxy’s AI/HPC Data Center Campus. Galaxy’s scope of services meets Abu Dhabi’s aim to be a leading AI City and digital economy center. Michael Novogratz, Founder…

A staggering transaction has sent ripples through the crypto community. On-chain data reveals an address linked to the Ethereum Foundation moved 5,748 ETH, worth approximately $17.89 million, to the Kraken exchange. This substantial deposit immediately raises critical questions about market intentions and potential implications for Ethereum‘s price trajectory. Let’s decode what this move could signal. What Does the Ethereum Foundation’s Kraken Deposit Mean? According to analytics from Lookonchain, the anonymous address ‘0x9D1c’ executed this multi-million dollar transfer. The firm’s tracking suggests the address originates from the Ethereum Foundation, the non-profit organization dedicated to supporting the Ethereum ecosystem. While the Foundation’s…

The UAE represented by Sheikh Mansour bin Zayed Al Nahyan, Vice President, Deputy Prime Minister, Chairman of the Presidential Court, and Chairman of the Board of Directors of the Central Bank of the UAE (CBUAE), executed the first ever cross border payment using central bank digital currency (CBDC), utilizing the MBridge or Jisr network, developed by BIS for cross border payments, with China. The execution of the payment was done in the presence of Pan Gongsheng, Governor of the People’s Bank of China, at Qasr Al Watan in Abu Dhabi, in the presence of Khaled Mohamed Balama, Governor of the…

Polymarket is seeking new capital at a $12 billion valuation, according to Bloomberg. This marks a 20% increase from its previous $10 billion round and has sparked speculation that the prediction market platform could follow Kraken’s path toward a US IPO. The timing aligns with Kraken’s recent moves. The exchange closed an $800 million raise before confidentially filing for an IPO on November 19. Does Kraken’s IPO Blueprint Set Stage for Polymarket Public Listing? On November 19, Kraken submitted a draft Form S-1 registration statement with the US Securities and Exchange Commission. This move officially began the IPO process. The…

Leading XRP-friendly payment and trading platform MoonPay has announced a simple promotional campaign centered on XRP. The latest move continues MoonPay’s support for the fourth-largest cryptocurrency. In a recent post on X, the firm announced a giveaway to reward one X user with XRP. Specifically, MoonPay stated that it will award $250 worth of XRP to a single person who likes the announcement tweet. At press time, the post had already accumulated more than 3,200 likes. However, MoonPay has not yet revealed when the campaign will end, and the post continues to draw additional attention. Interestingly, MoonPay recently ran a…

While traders navigate a fearful crypto landscape, the latest Ethereum crypto news highlights how ETH is quietly stabilizing near key technical levels despite a fragile macro backdrop. Market Thesis: Cautious Accumulation Above $3,100 Primary Bias from the Daily Chart: Neutral with a Slight Bullish Lean Daily (D1) Technical Picture – Where the Macro Bias Comes From RSI (14) – Balance, Not Capitulation MACD – Bearish Phase Losing Steam EMAs (20 / 50 / 200) – Short-Term Support, Long-Term Damage Bollinger Bands – Mid-Range, Room in Both Directions ATR (14) – Elevated, but Not Crisis Volatility Daily Pivots – Market Battleground…

Tether has invested in Parfin, a London- and Rio de Janeiro-based digital asset platform, to push USDT deeper into Latin America’s institutional market and expand onchain settlement across the region. According to Tether, the investment underscores its push to position USDt (USDT) as an institutional settlement rail for high-value activities, including cross-border payments, real-world asset (RWA) tokenization, and credit markets tied to trade finance, commercial invoices and card receivables. Founded in 2019, Parfin builds infrastructure for institutions to custody, tokenize and transact digital assets. In October, the company secured official registration in Argentina as a virtual asset service provider and…

Bank of America has received official approval to offer brokerage services for cryptocurrency trading to its clients. US Grants Crypto Brokerage License to Banks: Bank of America Becomes One of the First Institutions to Receive Authorization. The US Office of the Comptroller of the Currency (OCC) announced that American banks can act as intermediaries in cryptocurrency transactions. This new regulation allows banks to buy and sell digital assets on behalf of their clients, without requiring them to hold crypto assets on their own balance sheets. The “zero-risk master trading” model defined by the OCC is similar in structure to how…

Ethereum co-founder Vitalik Buterin made a rare public admission this week. He said the Ethereum Foundation spent years underestimating the importance of its peer-to-peer or P2P networking layer. For a long time, the focus stayed on cryptoeconomics, block design and consensus systems. Meanwhile, the actual network layer that moves data between nodes received far less attention. Vitalik said he often criticized this imbalance internally. Ethereum co-founder Vitalik Buterin said he long criticized the Ethereum Foundation’s lack of P2P networking expertise—over-indexing on cryptoeconomics, BFT consensus, and block-layer work while taking the network layer for granted—but that this has now changed. He…

Continuing with recent patterns, even the most modest of crypto gains were met waves of selling on Thursday, sending bitcoin BTC$92,123.27 back to $88,000 after a rally above $93,000 just hours earlier. The move higher had begun on Wednesday evening in the U.S. after Nvidia (NVDA) calmed jittery markets with an earnings beat and rosy outlook. In addition to boosting battered crypto, the NVDA results sent the Nasdaq higher by more than 2%. Stocks are also rapidly reversing their gains, with the Nasdaq now higher by just 0.3%. Even mighty Nvidia is trading flat after being up more than 5%.…