Author: NBTC
US President Donald Trump continues to inspire other countries. The latest country to do so is Pakistan. Accordingly, at the Bitcoin 2025 Conference held in Las Vegas from May 27-29, Pakistan announced that it will establish a strategic Bitcoin reserve. Speaking at the conference, Bilal Bin Saqib, the cryptocurrency advisor to the Pakistani prime minister, announced that the Pakistani government will establish a strategic Bitcoin reserve. Bilal Bin Saqib, who is also the CEO of Pakistan Crypto Council (PCC), stated that Pakistan’s decision to go Bitcoin was inspired by the US move to create its own Bitcoin reserve. “Today is…
Ethereum co-founder Vitalik Buterin told CNBC in an interview in Cannes that institutional investors are choosing Ethereum not because of “scalability” or “speed,” but because of its stability and reliability. “Many institutions tell us directly that they prefer Ethereum because it is stable, reliable and does not crash,” Buterin said. According to Buterin, the fact that Ethereum has not experienced a single second of downtime in its ten-year history is a great source of confidence for institutional investors. In his opening speech at the EthCC event in Paris, Buterin discussed the future development direction of the Ethereum network and the…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Standing outside the Clase Azul loft in downtown Brooklyn, I called my mother to inform her I had just spent $2,000 on a bottle of tequila. “Are you drunk?” came her stunned reply. Reader: I was not drunk. I was investing. Two and a half weeks later, I had sold the bottle for $3,000 — courtesy of the blockchain. In early June, BAXUS co-founder Tzvi Wiesel invited me to join him at a Clase Azul private tasting and bottle launch. At the event, the tequila brand’s head…
According to data provided by Lookonchain, a whale recently closed a massive XRP long, choosing to take profits. The market player also chose to abandon his bet on ETH. Overall, the whale has secured a profit of roughly $7.5 million. Lookonchain has cited the recent cryptocurrency market pullback as the reason behind the decision to close these longs. The whale previously opened a 2X long position on XRP, totalling $12 million. As reported by U.Today, the Ripple-linked token experienced a double-digit price increase on Monday, seemingly decoupling from the broader market. It even managed to briefly enter the top 3…
Singapore fines nine banks $21.5M over failures in a $3B money laundering scandal. Crypto assets were among the seized funds, pulling digital finance into the spotlight. MAS tightens crypto rules as part of a broader crackdown on illicit financial flows. In one of the biggest financial enforcement moves in its history, Singapore has fined nine major financial institutions a total of S$27.5 million (US$21.5 million) for failures in anti-money laundering (AML) controls. This comes in the final chapter of a S$3 billion money laundering scandal that rocked the city-state in 2023. The Monetary Authority of Singapore (MAS) confirmed the penalties…
Russia is intensifying its crackdown on illegal cryptocurrency miners by launching a national registry of mining equipment, which would help identify unregistered operations. According to local media, Russian authorities have already compiled the registry and distributed it to regions with high mining activity. The initiative is a joint effort by the Ministry of Energy, the Federal Tax Service, and the Ministry of Digital Development, as part of a national strategy to legalize the sector and reduce unauthorised energy consumption. A national registry will allow the government to accurately identify consumers using electricity for mining purposes, according to Deputy Energy Minister…
Leading Polish insurance company PZU announced it is entering the crypto assets market with a Bitcoin fund that will offer investors exposure to the cryptocurrency under EU rules. The minimum investment amount has been set to 100 Polish złoty, and the insurer pointed out that the valuation in Poland’s national fiat ensures currency stability for the new product. PZU responds to growing Polish interest in crypto with a Bitcoin fund Poland’s major provider of insurance services, Powszechny Zakład Ubezpieczeń (PZU), unveiled that it will be offering a product giving clients indirect access to Bitcoin (BTC), the cryptocurrency with the largest…
Flokitars, launched in 2021, are one of the earliest and most distinct digital assets in the Floki ecosystem. These pixel-style NFTs in the form of Viking avatars sold out in just 31 minutes during their initial release, raising $1.4 million for the Million Gardens Movement, a nonprofit led by Kimbal Musk. Unlike many NFTs that exist only as collectibles, Flokitars were always envisioned as more than digital art. They were built to serve a purpose, and that vision is now being realized as Floki evolves beyond its meme-coin origins into a full-fledged ecosystem with a working product. Flokitars Enter the…
Ethereum has seen an uptick in institutional interest in recent weeks; however, the price is consolidating in a tight range. On-chain data has revealed that selling pressure from US-based whales and institutions has steadily declined over the past month despite the altcoin’s lackluster price performance. Ethereum Demand Holds Strong Among US Investors According to data from CryptoQuant, Ethereum’s Coinbase Premium Index (CPI) has remained consistently above the zero mark over the past month. This is a signal of sustained buying interest from U.S.-based investors. At the time of writing, the CPI stands at 0.03. Ethereum Coinbase Premium Index. Source: CryptoQuant…
Cryptocurrency information platform BBX has launched a new data platform on publicly traded crypto-related companies operating globally. According to the platform, currently 66 public companies hold a total of 12 different cryptocurrencies as strategic reserves. The total market value of crypto concept stocks has reached $2.18 trillion. According to the data, institutional Bitcoin reserves currently total 944,109.2 BTC. This amount corresponds to a value of over $100 billion at current market prices. In addition, the total asset value of ETFs traded on the crypto exchange was announced as $137.46 billion. Data on some prominent companies and the cryptocurrencies they hold…