Author: NBTC
Bitcoin could fall to $75,000 in the short term, according to crypto pundit Raoul Pal. Still, he believes this potential drop does not matter. Pal expressed this view in what appears to be a teaser for a coming Real Vision episode featuring Julien Bittel, Head of Macro Research at Global Macro Investor. “People see this chart; they worry about the fact that it shows that Bitcoin comes down to $75,000, but what we proved is, last time around this happened, Bitcoin went down quickly and then recovered. And so, it didn’t matter,” Pal stressed in the clip. While the “last…
Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this week’s edition, the International Monetary Fund (IMF) approves a $1.4 billion credit facility for El Salvador, Brazil states it will spearhead the development of BRICS-native payment systems, and the Brazilian CBDC hits a potential privacy roadblock. Bitcoin Purchases Confined: IMF Approves $1.4 Billion Credit Facility for El Salvador The International Monetary Fund (IMF) has finally greenlighted a deal that was informally approved last year, granting the Salvadorean government a $1.4 billion credit facility. The arrangement seeks to…
The IOTA Gas station solution is set to bring customizable feeless transactions to the network. IOTA is improving its ecosystem to generate rich experiences for users. IOTA, a popular decentralized blockchain infrastructure, is set to support gas-free transactions on its mainnet with the introduction of “the IOTA Gas Station.” This functionality opens a new era in the IOTA ecosystem, enabling seamless Decentralized Applications (dApps) experiences for users. IOTA Unveils ‘IOTA Gas Station’ in Alpha IOTA’s co-founder Dominik Schiener brought the community’s attention to the recent project in an X post. The IOTA Gas Station is an open-source project, fully compatible…
Ethereum-based trading card game Parallel hosted its first-ever Parallel League Championship esports competition over the weekend, with professional Hearthstone player Jaromír “Jarla” Vyskočil taking home first prize, bagging himself $100,000 in the process. And the popular crypto-infused game announced some big news along the way. The two-day event, hosted at the HyperX Arena in Las Vegas, saw 16 top Parallel players face off with $250,000 on the line. This came after players fought for qualification via a six-month competitive league, where they earned points through in-game tournaments, ladder matches, major tournaments, and more. Your first ever Parallel TCG World Champion…
Looking at a new post by senior Bloomberg ETF analyst, Eric Balchunas, one may say that he has seen it all. Market swings, ETF surges, panic-driven sell-offs. So when Bitcoin ETFs saw a staggering $1.8 billion in outflows last week, Balchunas was not exactly rushing to hit the alarm button. In his view, this is just another day in the world of ETFs, where movement is constant, sentiment shifts, and yet, the long-term trajectory remains up. What really happened? Well, Bitcoin exchange-traded funds saw a single-day withdrawal of $938 million – undeniably a big number. Fidelity’s FBTC took the hardest…
President Donald Trump’s announcement of a US crypto strategic reserve, comprising a basket of digital assets, has stirred debate among industry leaders. Many argue that Bitcoin (BTC) should be the sole reserve asset. This debate follows Trump’s executive order on digital assets, which directed the Presidential Working Group to establish the reserve. A Divisive Selection? Experts Debate Trump’s US Crypto Reserve According to the official announcement, the proposed crypto reserve would include Bitcoin, Ethereum (ETH), XRP (XRP), Solana (SOL), Cardano (ADA), and other digital assets. The initiative aims to strengthen the US as a global leader in crypto. Notably, the…
At HederaCon 2025, SWIFT unveiled plans to pilot large-scale digital asset testing in 2025, marking a significant milestone for blockchain adoption. The initiative builds on SWIFT’s prior experiments with digital assets and aims to explore real-world integration to streamline processes. In HederaCon 2025, SWIFT, the largest financial messaging network in the world, announced its plans to pilot large-scale digital asset testing in 2025. This marks an important milestone in blockchain use and real-time settlements of financial transactions. Moreover, netizens also see this as an opportunity for SWIFT to integrate Hedera (HBAR) for the same. SWIFT’s Plans Unveiled At HederaCon SWIFT…
Bitcoin’s price has been going through a significant drop over the last couple of days, losing a key support level. However, there is still a good chance for the market to rebound soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the largest cryptocurrency has been dropping rapidly this week, breaking below the key $92K level and turning it into a resistance. Currently, the 200-day moving average, located around the $82K mark, seems to be the next target for the price. However, the RSI has entered the oversold region, indicating that the market is becoming…
A former Bank of England economist says there is “no customer demand” for the digital pound, calling it a costly project with unclear benefits. Ex-Bank of England economist appears to be highly critical of the digital pound initiative, saying it is a “costly, useless project” with “no customer demand.” Neil Record, writing in an op-ed for The Telegraph, argued that the push for a digital currency is more about protecting the central bank’s financial model than addressing any real public need. Record says “none of the reasons quoted [by the Bank of England] seems to me to be compelling enough…
Today, the Federal Register published WisdomTree’s spot XRP ETF, beginning a 21-day public comment period before the SEC review process. The regulator can extend the review by up to 90 days, with the entire process potentially lasting up to 240 days. Under this timeline, a final decision on WisdomTree’s proposal could come by October 24. During the public comment period, investors, financial institutions, and other stakeholders can provide feedback on the proposal’s feasibility and potential market impact. The SEC will evaluate the proposal’s compliance with securities laws, market integrity, potential manipulation risks, and investor protections. This publication follows similar filings…