Author: NBTC
Matthew Pines, Executive Director at the Bitcoin Policy Institute, has addressed concerns about the fracturing global financial system and the reliability of U.S. Federal Reserve dollar swap lines. He notes that European banks are heavily reliant on dollar funding, with 17% of their financing in dollars, and highlights a shift in the U.S. Treasury market, where foreign central banks are becoming less reliable buyers, increasing domestic dependence on the Fed during financial stress. Pines suggests that reduced access to swap lines may drive greater demand for U.S. Treasuries as a liquidity source. He warns that as the U.S. reconfigures its…
IOTA Rebased improves speed, decentralization, and low fees while adding MoveVM for better smart contracts. The upgrade boosts transactions to 50,000 per second with faster finalization and strong community support. IOTA Rebased Protocol marks the most important upgrade from IOTA, which leads blockchain industry operations. The groundbreaking upgrade sets the network for extensive transformation of its scalability, programmability, and decentralization capabilities to make IOTA a leading force in crypto evolution. Why IOTA Rebased is a Game-Changer for Developers and Investors IOTA Rebased brings technical breakthroughs that improve the network’s potential. A notable feature of the Move Virtual Machine (MoveVM) stands…
IOTA is powering digital innovation in the EU, forming a big basis for growth. The protocol also has a plan to expand blockchain innovation in Africa through IOTA Rebased. Crypto trader and analyst Merlijn recently highlighted a collaboration between the open-source decentralized platform IOTA and the European Commission. According to the analyst, the partnership enhances the future of regulated crypto in Europe. Europe’s Affair With IOTA Merlijn noted that the collaboration will help drive real-world crypto adoption in Europe. He added that Europe supports IOTA’s Web3 ID and digital product passports. Notably, IOTA’s digital Web3 ID wallet is designed for…
Bitcoin is showing signs of a potential recovery, emerging from a validated bullish pattern. The crypto has managed to regain momentum, with whale investors playing a crucial role in its price surge. As larger holders accumulate more BTC, Bitcoin is inching closer to critical resistance levels. Bitcoin Investors Are Uncertain Whale holders have been actively accumulating Bitcoin during the recent mid-sized drop and volatile market conditions. Unlike smaller retail traders, who have been liquidating their holdings, large investors are taking advantage of the price swings to expand their portfolios. This trend highlights a growing divide between seasoned investors and newcomers.…
A much greater number of investors in Romania are putting money into cryptocurrencies compared to those willing to place their bets on traditional equity. Capital markets can hardly keep up with the new, technology-based crypto markets, says the head of a local financial industry organization who announced the finding. Well over half a million Romanian citizens have invested in crypto assets, according to Horia Gustă, president of the EU nation’s Association of Fund Administrators (AAF). Almost three times fewer people turned to the country’s stock exchange in search of profits, revealed the expert. Bitcoin buyers in Romania found to be…
Ripple’s XRP has been left out of Hong Kong’s list of approved cryptocurrencies for trading, raising fresh concerns about its regulatory standing in global markets. The Securities and Futures Commission (SFC) released a list of digital assets that can be legally traded on licensed platforms, but XRP was notably absent. This omission comes despite approvals for major cryptocurrencies like Bitcoin, Ethereum, Avalanche, and Chainlink. The exclusion sent XRP’s price tumbling by more than 12%, with its open interest in the derivatives market also plummeting. Market analysts suggest that the decision could be linked to Ripple’s ongoing legal battles with the…
This is a segment from The Drop newsletter. To read full editions, subscribe. Gunzilla Games’ GUN token — for its Off The Grid game and Avalanche subnet Gunz — is now live. GUN climbed up 12% since its launch early Monday morning, but has since fallen slightly. As of 11:30 am ET Monday, its price was $0.09. The token had a market cap of roughly $60 million at that time, with 604 million GUN in circulation out of a possible 10 billion. GUN already has a trading volume of $126 million just a few hours after launch, per CoinGecko data.…
BlackRock CEO Larry Fink has reaffirmed his bullish stance on Bitcoin, citing record-breaking demand for the firm’s iShares Bitcoin ETF (IBIT). “I’m very bullish on the long-term viability of Bitcoin,” Fink said in an interview with FOX Business News. He expressed surprise at the unprecedented retail interest in IBIT. “I would never have predicted we were going to see this type of retail demand,” he said. IBIT, launched in January 2024, has quickly become the fastest-growing ETF in history, overtaking Grayscale, the long-time leader in Bitcoin ETF investments. Related: BlackRock to Launch Bitcoin ETP in Europe, Following US Success IBIT’s…
A massive PEPE transaction has caught the attention of the crypto community, as a crypto whale makes his first-ever accumulation of the frog-themed cryptocurrency. According to on-chain analytics platform SpotOnChain, 375.35 billion PEPE worth $3.73 million were withdrawn from crypto exchange Binance by a wallet address marked “0xf37” some hours ago, which is the whale’s first-ever PEPE accumulation. The move is part of a larger trend in which whales have been scooping up meme coins like PEPE and WIF from Binance, according to Spot On Chain. The PEPE whale is not the only one making major moves today. In recent…
Minecraft-esque crypto voxelverse and world-building game Hytopia is asking creators to build web-based mini-games with its development kit and help from AI, offering cash prizes to the creators of the best three games in a new artificial intelligence “vibe coding” competition. The competition will be open for the next 14 days, after which judges will take a week to evaluate the vibe-coded outputs. Vibe coding is a popular new term for coding via conversation with an AI assistant, whereby users of all skill levels can simply “vibe” on thoughts and ideas and not stress about lines of intricate code, leaving…