Author: NBTC
The Central Bank of Brazil is now focusing on updating and redefining the accounting rules for digital assets held by companies. A new regulatory draft outlines the rules for assets issued by the same company, received, or held in custody, and it will be subject to public consultation. Central Bank of Brazil to Hold Consultation on Digital Assets Accounting Practices As more institutions start holding digital assets, governments around the world are redefining the way that these assets are accounted for. The Central Bank of Brazil is ready to issue a public consultation on a regulatory draft that updates the…
NeoDashboard has announced War on Bugs, a new single-player strategy game that blends procedurally generated maze exploration, card-based combat, and a robust character progression system. The team notes that the game is live on Neo N3 TestNet at a “largely feature-complete stage” and all are invited to test it out. Source: NeoDashboard In War on Bugs, players choose one of four characters — Professor Dashboard, Snakey, Dashbored, or Da — each offering unique playstyles and base skills. Professor Dashboard is balanced and adaptable, Snakey excels in stealth and critical strikes, Dashboard favors brute force, and Da offers control and resource-focused…
A fresh Hash Ribbons buy signal has flashed for Bitcoin, a historically reliable indicator that miner capitulation may pave the way for a bullish reversal. The signal, highlighted in a June 5 analysis by CryptoQuant contributor Darkfost, shows a crossover in Bitcoin’s (BTC) 30-day and 60-day hashrate moving averages. This pattern has historically preceded major price recoveries and is often triggered when weaker miners capitulate during periods of unprofitability. “Mining becomes unprofitable for certain miners, and they are forced to sell BTC in order to stay operational,” Darkfost explained. This may lead to short-term selling pressure, but it often prepares…
Ethereum whales acquired almost 1 million ETH on a single day, which was the largest one-day aggregation since 2018. Exchange reserves remain at multi-year lows, with staking and long-term holding rising. A surge above $2,700 might signal a surge towards $4,000; however, rejection could give rise to a revisit of the 2,000 level. On-chain data shows that Ethereum whales took out almost 1 million ETH on a day, the largest daily acquisition since 2018. This massive spike is preceded by a tendency towards increased confidence among investors despite all the current uncertainty in the market. Whales bought nearly 1,000,000 $ETH…
USDC issuer Circle shot up to the latest in a sequence of all-time highs on Monday, breaking past $298 per share at one point before retreating. Circle (CRCL), which started trading on the New York Stock Exchange just seven trading days ago on June 13, jumped 24% at one point from the company’s Friday close of $240.28. Shares were currently changing hands at about $250. The company intraday market capitalization stands at nearly $63 billion. edging past the current almost $61.3 billion market capitalization of its flagship stablecoin, USDC. The striking gains come even as the broader market has been…
Injective, the interoperable layer-1 blockchain for web3 finance, has announced the launch of tokenized versions of the Euro and the Sterling on-chain. The launch of forex trading on Injective (INJ), with EUR and GBP markets follows the blockchain platform’s unveiling of iAsset framework, designed to bring traditional finance and real-world assets such as stocks, commodities and now foreign exchange on-chain. On-chain finance and tokenization helps address the limitations and barriers to accessibility that currently affect traditional forex markets, Injective said in a blog post. Injective has already brought major stocks such as Nvidia and Tesla onto the blockchain via its…
Judge Torres denies early $50M Ripple-SEC deal, says appeal must finish first. Meanwhile, their is no change in XRP’s legal status—2023 ruling on secondary sales still holds. Ripple and SEC still filing motions together, signaling ongoing cooperation toward final settlement. Just when it looked like Ripple SEC case were moving closer to wrapping up their long-running legal battle, Judge Analisa Torres has decided to wait. She officially denied a joint request made by both Ripple and the SEC to get early feedback on a proposed $50 million settlement. She said, “Come back when the appeal is over.” So what exactly…
Institutional bitcoin demand is exploding as fiscal alarm bells ring louder, with major firms racing to secure digital assets amid mounting debt, sovereign downgrades, and fiat distrust. Bitcoin Demand Soars With Grayscale Citing Institutional Panic Over Fiat Crypto asset manager Grayscale Investments published its May 2025 market report on June 2, detailing how escalating U.S. fiscal imbalances have accelerated corporate demand for bitcoin. With the House of Representatives passing the “One Big Beautiful Bill Act” on May 22 — legislation projected to add between $3 and $5 trillion to the national deficit over the next decade — institutional interest in…
On Thursday, June 19th, the crypto market experienced low volatility trading as investors projected FUD (fear, uncertainty, and doubt) surrounding the geopolitical tensions in the Middle East. The Ethereum price proves this market sentiment with a neutral candle formation in the daily chart, positioned above the $2,500 level. However, the high-net-worth investor remained unfazed by this consolidation and continues to show an active accumulation trend. Ethereum Poised For Reversal Amid Whale Buying Spree Over the past week, the Ethereum price has plummeted from a multi-month high of $2,880 to its current trading value of $2,534, registering a 12% decline. This…
China-based Nano Labs Ltd. has announced its plans to apply for a stablecoin issuing license in Hong Kong as the jurisdiction positions itself as a center for digital finance innovation, as it ushers in a new licensing regime. Despite the restrictive crypto policies on the Chinese mainland, Hong Kong seems to be embracing the cryptocurrency wave, and companies like Nano Labs and Ant Group International are doing their best to capitalize on the opportunities. Nano Labs goes after stablecoin licensing Nano Labs Ltd, a $308M Web3 infrastructure and product solutions company based in China, has announced its plans to apply…