Author: NBTC

UBS sees gold as an attractive geopolitical hedge and portfolio diversifier, rating the metal as most preferred in its investment lessons for the second half of the year report. The bank highlights strong market performance driven by AI investment and recommends diversified portfolios across various assets, regions, and sectors to navigate political and economic uncertainties. UBS Highlights Key Investment Lessons for H2 2024 UBS’ Wealth Management published a report this week titled “Investment Lessons for the Second Half.” The report, authored by the UBS Editorial Team with major contributions from chief investment officers Solita Marcelli and Mark Haefele, highlights several…

It’s a red day for meme coin favorites Pepe, BONK, Floki Inu and Shiba Inu as they all post big losses over the past day. But Coinbase Ethereum L2 Base’s Brett (BRETT) has seen huge gains. At the time of writing, Pepe (PEPE) and Bonk (BONK), have each dropped 8% in the past 24 hours. Early Tuesday morning the PEPE price is sitting at $0.00001417 and the BONK price has settled at $0.000032, according to CoinGecko data. The losses for Ethereum meme coin competitors have been less severe for Floki Inu (FLOKI) and Shiba Inu (SHIB). Both coins have lost…

The U.S. state of Hawaii’s regulatory sandbox concludes today. Crypto companies will no longer require a Hawaii-issued money transmitter license to conduct business within the state. However, they must comply with federal regulations. Hawaii’s Regulatory Sandbox Concludes The Department of Commerce and Consumer Affairs of Hawaii and the Hawaii Technology Development Corporation (HTDC) issued an announcement on Friday reminding the public that its regulatory sandbox, the Digital Currency Innovation Lab (DCIL), concludes on June 30. The DCIL is a two-year pilot program by the State of Hawaii, established through a partnership between HTDC and the Hawaii Division of Financial Institutions…

Bitcoin price is holding the key support at $60,000. BTC could start another increase and rise toward the range resistance at $63,500. Bitcoin is still trading in a range between $60,000 and $63,500. The price is trading above $61,500 and the 100 hourly Simple moving average. There was a break above a connecting bearish trend line with resistance at $61,550 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could gain bullish momentum if it clears $62,200 and $62,500. Bitcoin Price Remains Steady Bitcoin price started another decline from the $63,500 resistance zone. BTC traded…

TAIPEI, July 7 (Reuters) – Taiwan’s central bank said on Sunday that it has no timetable for launching a digital currency, warning the process will be “huge and complex”, but it will hold public hearings on the matter next year to spread knowledge. Taiwan’s central bank has been working on a pilot for a government-run digital currency, to allow people to use a digital wallet and make payments without using a debit or credit card. “Although the bank currently has no timetable for issuing central bank digital currency, in the process of continuous research and experimentation it is already improving…

While partnerships continue to increase in the cryptocurrency industry, the latest partnership news came from German telecom giant Deutsche Telekom and NEAR. Accordingly, T-Systems, a subsidiary of German Telecom giant Deutsche Telekom, and Aurora Labs, the developer of NEAR, announced that they have established a new partnership. As part of this partnership, Aurora Labs and T-Systems will work together on next-generation software updates. The partnership combines Aurora Labs’ proprietary software update technology with T-Systems’ wireless platform, allowing manufacturers to optimize time-to-market and total cost of ownership for software-defined vehicles, enabling every device in the vehicle to be used anywhere, at…

News regarding regulation for crypto taxes: the United States (USA) Department of the Treasury and the IRS have published the final regulations concerning the tax reporting of sales and exchanges of digital assets. These regulations aim to facilitate taxpayers in submitting accurate declarations and in paying the taxes due according to the current law. The new provisions represent a significant step towards greater transparency and tax compliance in the world of cryptocurrencies and other digital assets. Let’s see all the details below. Tax regulation for crypto: clarity on taxes for US taxpayers Improving tax reporting and reducing evasion Keisha Lance…

Bitcoin’s mean transaction fee has reversed the post-halving Runes-led spike. Analysts said the decline in fees and the stalled BTC price rally may lead to selling pressure from miners. Bitcoin (BTC) miners reduced their coin inventory before the reward halving took effect on April 19. The trend could soon resume as the blockchain has become cheaper to use, squeezing miners’ revenue. “Daily average network fees spiked after the halving, offsetting some pain for bitcoin miners. However, fees have since come down as the initial rush of users to the Runes protocol cooled off,” analysts at Kaiko said in a weekly…

Prominent crypto payment firm Ripple may be set to offload as much as 400 million XRP this June, negating past trends. This inference is drawn from Ripple’s atypical XRP transaction activities observed during the unlocking of 1 billion XRP for the month. Before the scheduled unlock, Ripple engaged in significant XRP shuffling between various wallets on June 1. Ripple Shifted 1B XRP Before Official Escrow Unlock Blockchain records indicate that at 21:30 UTC on June 1, Ripple moved 200 million XRP, worth approximately $104.1 million, from the “Ripple 24” wallet to its main operational wallet, “Ripple 1.” Four minutes later,…

The MiCA stablecoin regime came into effect yesterday. However, its implementation was met with some uncertainty and challenges regarding the scope, application, and impact of the new rules. What is MiCA? MiCA, or the Markets in Crypto-Assets Regulation, is a comprehensive regulatory framework for crypto assets and related services across EU countries. MiCA aims to foster innovation, ensure consumer protection, maintain market integrity, and support financial stability in the EU crypto market. The MiCA proposal was introduced in 2020, with its final text approved by the members of the European Council in October 2022. Following its publication in the Official…