Author: NBTC

The Bank of England (BoE) has proposed new regulations for the country’s stablecoin market. The Bank plans to limit stablecoin holdings in individuals to a maximum of £20,000, while allowing companies to hold up to £10 million. Bank of England Proposes £20,000 Limit on Individual Stablecoin Investments The move is part of a comprehensive regulatory framework aimed at reducing risks and maintaining financial stability in the UK’s digital asset market. The BoE’s proposal aims to prevent individual investors from taking excessive risks as stablecoins become more widely used as payment instruments in the country. In addition, reserve rules have been…

Ethereum price has plunged into a bear market after falling by over 20% from its highest point this year as cryptocurrencies retreated. Summary Ethereum price has formed a bullish flag pattern on the weekly chart. Spot ETH ETF recorded over $114 million in inflows last week. Technical indicators suggest the coin will rebound in the near term. Ethereum (ETH) token was trading at $3,895 on Nov. 2, up by 178% from its lowest level this year. It has formed a bullish flag pattern, pointing to more gains as exchange-traded funds inflows rise. Data compiled by SoSoValue shows that spot Ethereum…

A leading asset management firm, ProShares, has announced its intention to introduce a new crypto ETF that will track the CoinDesk 20 Index. To achieve this, the company seeks approval from the Securities and Exchange Commission (SEC) after submitting a filing to the commission. Meanwhile, reliable sources have noted that this index is crucial in the cryptocurrency ecosystem, as it measures the performance of the top 20 cryptocurrencies based on their market capitalization. Crypto fund providers embrace crypto ETF approval in the sector ProShares shared the new fund’s name, suggesting it will be known as ProShares CoinDesk Crypto 20 ETF.…

Patrick Hansen, Director of EU Strategy and Policy at Circle, has once again pushed back against claims that Europe’s new Anti-Money Laundering Regulation (AMLR) will “ban” self-custody wallets or peer-to-peer crypto transactions. It comes just over a week after the Circle executive warned that Dual MiCA–PSD2 licensing could double compliance costs for EU stablecoin firms. No, the EU Isn’t Killing Self-Custody: Patrick Hansen Busts AMLR 2027 FUD In a post on X (Twitter), Hansen called out misinformation circulating among major cryptocurrency accounts. “Again, a bunch of big crypto accounts are claiming upcoming AML rules will ban self-custody or anonymous crypto…

Ethereum is going through significant turbulence in terms of network activity. In this respect, Ethereum’s network activity has slumped by 24%, indicating the rising bearish signals on-chain. As per the data from the popular crypto analyst, CryptoOnchain, the dip in Ethereum’s network activity is raising concerns over the potential continuation of the bearish trend in $ETH. Amid this scenario, the market members are closely watching for the potential catalysts that could determine the further direction. 📉 Ethereum network activity keeps falling — a clear bearish signal.Active addresses dropped from 480k in mid-August to 363k by Oct 26, a 24% decline…

China’s Crypto strategy is turning money into a weapon of statecraft. A recent study published by Study Times—the journal of China’s Central Party School—argued that digital assets now shape warfare and finance. The study described crypto and central bank digital currencies (CBDCs) as tools of “financial mobilization.” They allow states to redirect liquidity when banks fail or sanctions tighten. Blockchain networks were called a “digital logistics front,” merging economic survival with national security. Digital money becomes a tool of geopolitical power The study said the battlefield now stretches into finance. Crypto forms an infrastructure for “total war,” blending deterrence, capital…

Lisa Cameron, a former United Kingdom Member of Parliament and founder of the UK-US Crypto Alliance, told Cointelegraph she believes a joint “sandbox” between the United States and the United Kingdom is in development to align their crypto markets. Talking to Cointelegraph at the UN City offices in Copenhagen, Denmark, Cameron said that, according to her organization’s understanding, “there will be a sandbox” resulting from a collaboration between the US and the UK. She added that the UK-US Crypto Alliance is “very excited about this potential.” Cameron said that the UK-US Crypto Alliance reached this conclusion after speaking with US…

Ethereum’s ecosystem continues to draw attention as stablecoins on its blockchain reach approximately $165 billion in reserves, positioning it among the world’s largest. However, ETH’s spot price has softened, dropping below $4,000, reflecting cautious investor sentiment. Market participants are closely watching institutional positioning and on-chain metrics. They want to see if Ethereum’s role as a macro-scale digital reserve can drive renewed price momentum soon. Global Reserve Role for Ethereum-Based Stablecoins Stablecoins issued on the Ethereum blockchain have now aggregated around $165 billion in reserves, ranking roughly 22nd among global foreign-exchange holdings. This exceeds some national reserve pools, including Singapore and India,…

Kraken boss David Ripley has fired back against a senior executive of the American Bankers Association, who argued that stablecoins yield is a “detriment” to banks’ abilities to support their community. ABA’s senior vice president of innovation and strategy, Brooke Ybarra, said if major crypto exchanges such as Kraken or Coinbase were allowed to pay interest on payment stablecoins, it would “fly in the face” of the idea that stablecoins should be used for payments and not as a store of value. “A detriment to who?” Ripley said. “Consumers should have the freedom to choose where they hold value and…

As the Senate moves one step closer to a deal that would end the government shutdown, last night’s crucial vote marked the most concrete progress yet in breaking the ongoing gridlock in Congress. Eight Senate Democrats joined Republicans in supporting the federal funding bill. In exchange for their support, Democrats promised a separate vote in the coming weeks on extending Affordable Health Care Act (ACA) subsidies. Republican leaders want to pass the temporary funding bill to reopen the government “as quickly as possible.” However, how quickly the process moves depends on whether senators can agree on a timeframe for debate…