Author: NBTC
On Tuesday, Matthew Sigel, the head of digital asset research at asset management firm and crypto exchange-traded fund (ETF) issuer VanEck, officially endorsed President-elect Donald Trump’s proposal for a national strategic Bitcoin reserve. Major Financial Players Align This endorsement comes as discussions about BCT’s role in US economic policy are intensifying, most notably with Dennis Porter, co-founder and CEO of the non-profit Satoshi Action Fund (SAF), reaffirming BlackRock’s support for the strategic Bitcoin reserve. Porter emphasized that the Trump administration is actively working towards creating this reserve through an executive order, highlighting a significant alignment among major financial players and…
Ethereum’s (ETH) dominance has seen a sharp decline this year, driven by broader market consolidation that has kept the altcoin’s price below $3,800 since January. At present, Ethereum’s market share remains low, with its daily chart showing no clear signs of an imminent recovery. Ethereum’s Market Share Plunges Ethereum dominance (ETH.D), which tracks the relative value of ETH compared to other cryptocurrencies, has been on a downward trend since the beginning of the year. It now sits at a four-year low of 11.68%, having declined 6% since January 1. This decline indicates that ETH’s overall value is shrinking relative to…
Ren Protocol’s official X account has broken its silence after a 10-month hiatus, revealing plans for the imminent release of Ren v2. The announcement promises a “bigger and more sustainable impact on DeFi” compared to its predecessor, Ren v1. However, the news comes just hours after Binance announced that it would be delisting REN and several other tokens on Dec. 10, raising suspicions. As is known, Binance has a policy of delisting inactive projects. Ren Protocol’s statement after months of inactivity led some analysts to speculate whether “exit liquidity” was being created. However, the REN price initially reacted to the…
Bitcoin’s post-election rally fueled by Donald Trump’s victory has stalled. After gaining 36% in the week following the US election, BTC momentum has slowed as attention shifts to Fed policies and broader economic signals. Citing a mix of monetary policy uncertainty and investor caution, analysts suggest Bitcoin may have to wait until 2024 for its next significant price increase. Fed Chairman Jerome Powell recently signaled concerns that inflation will continue, despite significant progress being made in reducing inflation that has reached record levels. At the last Fed meeting, Powell said the central bank would continue to cut interest rates, but…
Ethereum (ETH) is in a weird place at the moment. While it is the second largest cryptocurrency in the world by market cap, it has underperformed its main rival, Bitcoin (BTC), over the course of the current bull run, by a pretty significant margin. Compared to prices this time last year, the price of Bitcoin increased by 149.71% — in contrast, ETH has seen a much smaller 38.88% surge in the same timeframe. Since the beginning of the year, BTC has surged by 7.95% — while Ethereum has rallied by a meager 0.22%. At press time, ETH was changing hands…
Donald Trump is set to take office on January 20, Inauguration Day, marking his second term as President of the United States. The Republican, who has notably shifted his stance from being a staunch “dollar guy” to a pro-crypto advocate, has more than dipped his toe in the digital asset space in recent years with ventures including NFTs and trading cards. Recently, an image of Trump was even inscribed on a Bitcoin block through the use of the Ordinals protocol as a tribute to the incoming president. But what most investors are eager to uncover before he takes office is…
Cardano has disclosed in a recent report that the BIS’ principles and standards for managing third-party risks restrict the use of decentralized infrastructures like blockchain. Cardano also highlights that some of the ways to facilitate resilient frameworks include technological neutrality and alternative risk management approaches. In a recent report, Cardano (ADA) has proposed detailed measures to manage operational risks around the principles of the Bank for International Settlements (BIS) to ensure operational resilience. According to the report, its principles are crucial since they serve as the basis for national regulation. The BIS is an international standard-setter for financial regulation. As…
Bitcoin (BTC) has declined from its $93,495 peak, now trading at $92,428 as profit-taking accelerates. Market sentiment, marked by “extreme greed,” signals a possible price reversal as traders increasingly lock in gains. Bitcoin’s Rally Prompts Its Long-Term Holders To Sell BeInCrypto’s assessment of BTC’s on-chain performance has shown a spike in coin distribution by its long-term holders (LTHs). These are investors who have held their coins for an extended period, typically defined as more than 155 days. Per Glassnode’s data, the coin’s Hodler Net Position Change dropped to a five-month low on Tuesday. This metric reflects the overall buying and…
One essential part of the Ethereum (ETH) ecosystem is the Ethereum Virtual Machine (EVM), which functions as the operational hub for the deployment and execution of smart contracts. It makes sure that code behaves the same way on every node in the decentralized network, regardless of the underlying hardware. Read to find out what is Ethereum Virtual Machine (EVM) is, how does EVM network works, its benefits, and the potential challenges it might face. Table of Contents What Is Ethereum Virtual Machine (EVM)? How Ethereum Virtual Machine (EVM) works? Key features of the Ethereum Virtual Machine Use cases of the…
December 17, 2024 — Tether, the largest digital asset company in the world, has invested in StablR, the European stablecoin provider, which seeks to accelerate adoption in the region. Tether’s investment into StablR signals its commitment to the European market and its support for leading, fully regulated stablecoins. The decision comes amid a number of stablecoin launches in Europe, including StablR’s EURR and USDR, which are poised to unlock improved liquidity management, reduced transaction cost, and significant savings for their users. The European stablecoin market, with a market cap of almost $400M for EUR-pegged stablecoins alone, has experienced significant momentum…