Author: NBTC

The Bank of England is researching a digital pound to counter the rise of fintech companies in transactions. Governor Bailey is concerned that traditional banks are falling behind in digital innovation and payments. Privacy concerns may push back the launch of the digital pound until at least 2025. The Bank of England is moving forward with research on a possible virtual pound as tech companies gain ground in financial services. Governor Andrew Bailey expressed concerns over traditional banks falling behind in digital innovation, which could leave them vulnerable to tech competitors. Do you see the setup? They’re paving the way…

Oct 31 (Reuters) – The cryptocurrency industry has spent years clashing with Democratic President Joe Biden’s administration over regulatory issues, but executives expect an easier ride from Washington, regardless of who wins the White House next week. Crypto asset managers including Bitwise and Canary Capital are planning new products ahead of what many executives expect to be a more crypto-friendly administration, while others including Ripple are planning a fresh push for crypto legislation in the new Congress, said executives and lawyers. “Regardless who wins, there will be a new approach to how we move forward with crypto,” said Rebecca Rettig,…

Coinbase (COIN) third-quarter earnings and revenue missed Wall Street analysts’ estimates on Wednesday, sending shares slumping in after hours trading. The crypto exchange said its third-quarter total revenue was $1.2 billion versus the average estimate of $1.26 billion, according to FactSet data. Meanwhile, earnings per share of $0.28 missed analyst expectations of $0.45. Coinbase’s third-quarter adjusted Ebitda of $449 million also missed estimate of $469.2 million. The crypto exchange primarily suffered from weaker market conditions, the firm said in a shareholder letter, noting that it saw growth in some areas. “Really solid results across the board, I think quarter to…

Over the past seven months, the price of Bitcoin has moved in a range between $73,777 and $49,000, significantly depressing sentiment across the market. In a new analysis published via X, Will Clemente III, co-founder of Reflexivity Research, addresses the prevailing sentiment of impatience and uncertainty among investors, sharing why he still remains bullish. Clemente’s bullish sentiment draws from a long-term perspective over the next decade. Drawing upon his expertise in portfolio construction and asset allocation, Clemente emphasized the importance of identifying major economic trends likely to unfold over the next decade. “Been thinking a lot about portfolio construction lately…

MicroStrategy (MSTR) stock just recorded a 25-year high of around $255 after US markets opened on Monday, according to data from Yahoo Finance. The surge came amid Bitcoin’s price rally to $69,000, sparking optimism about a continued bullish trend throughout October. The MSTR/BTC ratio, which tracks MicroStrategy’s stock performance against Bitcoin, also hit a new high of 0.366, according to the MSTR tracker. The rise indicates that MicroStrategy’s stock has been performing favorably relative to Bitcoin. Last Friday, the ratio hit a high of 0.354, when MSTR surged to $245, as Crypto Briefing reported. The company’s net asset value (NAV)…

During a recent appearance at the 2024 Financial Markets Quality (FMQ) Conference, Stuart Alderoty, chief legal officer at Ripple, noted that cross-border payments have always been the company’s core product. Now, however, Ripple is also heavily betting on custody and the stablecoin sector. “We are going all-in on all three pillars,” he stressed. The company is also interested in the tokenization of real-world assets, which has emerged as a new trend. As soon as the regulatory cloud is lifted, Alderoty expects Ripple to become the number one source for enterprise crypto solutions in the U.S. “Ripple has always been a…

Chris Larsen, the co-founder of Ripple, forecasts pivotal regulatory shifts in the cryptocurrency sector. During a recent dialogue with CNBC, he criticized Senator Elizabeth Warren’s aggressive stance against crypto, suggesting that it has driven leadership away from the United States to regions like Singapore. He argued that these policies have not effectively shielded American consumers from risks, citing the FTX collapse as a prime example. Contents hide 1 Are Current Regulations Stifling Innovation? 2 Will Bipartisan Support Change the Landscape? Are Current Regulations Stifling Innovation? Larsen believes that existing regulatory frameworks are hindering the U.S. from being a front-runner in…

Binance has announced that it will be adding Kaia (KAIA) to its platform listings, including Binance Simple Earn, “Buy Crypto”, Binance Conversion, and Binance Margin. Binance Lists Kaia (KAIA) on Multiple Platforms Starting at 11:00 AM on October 31, Binance Simple Earn will list KAIA on its Flexible Products, allowing users to subscribe and earn returns with greater flexibility. Users will be able to purchase KAIA with multiple payment options including VISA, MasterCard, Google Pay, and Apple Pay, or directly with their wallet balance on Binance’s “Buy Crypto” page. This feature will be available within an hour after KAIA becomes…

The price of the flagship cryptocurrency Bitcoin (BTC) has fallen by more than 5% over the past week to now trade at around $56,500 after trading above the $64,000 late last month. A technical indicator, however, is now suggesting it can keep on dropping. According to popular cryptocurrency analyst Ali Martinez, Bitcoin’s 2-month chart shows that its Stochastic Relative Strength Index (RSI) has signaled a “trend reversal from bullish to bearish.” Per the cryptocurrency analyst over the past 10 years, data shows that this trend reversal has “preceded a significant correction of around 75.5%.” An important observation on the #Bitcoin…

According to reputed analyst Eric Balchunas, T-REX 2X Long MSTR Daily Target ETF (MSTU) is already up an impressive 225%. The product, which was launched just six weeks ago, already has roughly $1 billion in assets under management. MSTU had a rather successful start with more than $70 million worth of inflows during its very first week of trading. As the name suggests, the ETF is meant to double the performance of the red-hot MSTR stock. Bolstered by the incredible success of the underlying stock, MSTU has shown impressive performance over the past few weeks. As reported by U.Today, MicroStrategy…