Author: NBTC

Robinhood will launch the crypto offerings to customers in Singapore via Bitstamp The retail investing firm acquired Bitstamp for $200 million in June 2024. Robinhood, a popular retail investing platform, has revealed plans that could see it expand its crypto product offering to Singapore before the end of 2025. In a report on Tuesday, Bloomberg said Robinhood Markets was eyeing the entry into Singapore via its recently acquired crypto platform Bitstamp. Robinhood’s expansion plans through its European-based digital-assets exchange will also include a foray across the Asia-Pacific region. According to Robinhood Crypto VP and general manager Johann Kerbrat, the company’s…

Syria, a country picking up the pieces after the collapse of the Assad regime, is preparing for a radical financial overhaul: Bitcoin legalization. The Syrian Center for Economic Research has proposed an ambitious plan urging the transitional government to adopt Bitcoin and other digital assets to address inflation, stabilize its economy, and attract global investments. The plan comes as the nation faces an insane challenge of reconstruction after decades of war and financial devastation. The proposal focuses on using Bitcoin as a lifeline for Syria’s citizens and its crumbling financial system. It suggests a regulatory framework to legitimize the use…

While Ethereum (ETH) could not experience the expected recovery, the rise experienced yesterday excited investors. However, this rise was short-lived and raised questions about the future of ETH. At this point, Singapore-based cryptocurrency platform QCP Capital listed its expectations regarding ETH. Analysts, who made their latest analysis based on the upgrades on Ethereum, stated that investors are preparing for the Pectra upgrade, which is currently in the testing phase and is expected to go live in early April. Accordingly, analysts stated that volatility increased in ETH before the Pectra upgrade, and that a significant break occurred in Ethereum’s option structure…

A UNDP official reveals the organization wants to explore how cryptocurrency can be utilized for human development whilst minimizing its financial risk. UN Assistant Secretary-General and UNDP Regional Director for Asia and the Pacific, Kanni Wignaraja wrote a blogpost on the official UNDP site pushing for more explorative study on how cryptocurrency can benefit mankind and economic development, specifically in unbanked areas. “It is crucial that we explore how the fast-evolving potential of cryptocurrencies, central bank digital currencies (CBDCs), and stablecoins might have a positive impact on human development,” said Wignaraja. In her post, the UN official acknowledges the enormous…

PENGU price has surged over 14% in the past 24 hours, bringing its market cap to $2.57 billion. The recent speculation surrounding a potential collaboration between Pudgy Penguins and Pokémon has fueled significant excitement among investors. This has added momentum to an already strong uptrend, as the coin continues to attract attention in the meme coin space. With technical indicators showing strong support, PENGU could soon test critical resistance levels and set new price milestones. PENGU Potential Collaboration With Pokémon Could Spark Its Price to $0.10 A recent tweet by Pudgy Penguin holder @broskisol has sparked excitement within the PENGU…

Norway has charged four men with involvement in a “large and extensive” investment fraud that collected NOK 963 million ($86.5 million) from investors between March 2015 and November 2018. Filing its indictment Monday, the National Authority for Investigation and Prosecution of Economic and Environmental Crime in Norway—also known as Økokrim—alleged that the fraud operated by encouraging individuals to invest in yield-bearing “product packages” containing cryptocurrencies and shares. Økokrim says it has proof that the accused network of individuals made no real investments, and that their business had no earnings beyond the deposits of victims. In a press release, Økokrim State…

South Korea’s leading cryptocurrency exchange Bithumb has announced that deposits and withdrawals for Flow (FLOW) have been temporarily suspended due to ongoing network issues affecting block production. Bithumb Temporarily Suspends FLOW Deposits and Withdrawals Due to Network Issues Suspension Details Affected Entity: Flow (FLOW) Service Restriction: FLOW deposits and withdrawals Suspension Time: 18 February 2025 (Tuesday) at 20:00 Reason: FLOW network block creation failure due to system failure Restart Timeline Bithumb stated that deposits and withdrawals will resume once the network stability is achieved. The exchange will provide an official update once the services are back online. Important Notices for…

The crypto market is in the red as investors weigh recent comments from top Fed officials, which reflect a cautious approach by the central bank as regards interest rates. According to CNBC, Federal Reserve Governor Michelle Bowman stated on Monday that while monetary policy “is now in a good place,” she wants to see further progress on inflation before further decreasing interest rates. The latest remarks are in line with previous comments from other Fed officials. Fed Chair Jerome Powell has repeatedly stated that the central bank is not rushing to cut interest rates, but any insight into the future…

David Schwartz, Ripple’s CTO, says that airdrops in the cryptocurrency space, especially the tax consequences, could be tricky for recipients. He addressed the concerns of the XRP community and gave an honest review of how reward systems are usually set up. He explained that the way they are designed sometimes leads to unexpected financial problems. In particular, Schwartz touched on how XRP is taxed when it is received as income and how it is appreciated over time. He explained that long-term capital gains are only taxed on the increase in value, but income is taxed when the asset is first…

The acting head of the US Social Security Administration (SSA) resigned over the weekend following a contentious dispute with the Department of Government Efficiency (DOGE). According to the Washington Post, the resignation of Michelle King, who had served as a career federal worker since 1994, took place last Saturday. BREAKING: The acting head of the US Social Security Administration has resigned after a dispute with DOGE, per NY Post. https://t.co/VBxYLxEz34 pic.twitter.com/J3xQl89Hqo — The Kobeissi Letter (@KobeissiLetter) February 18, 2025 King was replaced by Leland Dudek, who will serve as the acting commissioner until President Trump’s nominee to head the office,…