Author: NBTC
Elvira Nabiullina, Governor of the Central Bank of Russia, reaffirmed the institution’s position against the use of cryptocurrencies for domestic payments. Speaking at a recent press conference, Nabiullina stated, “We continue to believe that cryptocurrencies should not be used as a means of domestic payment,” according to Reuters reporting. This stance aligns with Russia’s current legislation, which prohibits the use of digital assets for transactions within the country. However, Nabiullina emphasized the central bank’s support for using cryptocurrencies in international trade as a way to mitigate the impact of Western sanctions. “We do agree, support, and promote projects related to…
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it’s also at an all-time high when priced in gold, worth about 39 ounces, breaking through the last remaining resistance level for that trading pair. It has also hit records against silver and the S&P 500. The price action means bitcoin is now an over-$2 trillion asset class, with its sights on overtaking Google (GOOG), whose market cap is $2.14…
Aave price reached a 3-year high of around $395 this month, after TVL, fee, and revenue growth. AAVE token is currently trading at $333, with around 10% price rise in the last 24 hours. Since the return of the bull run as the year comes to end, several altcoins recorded huge price surges following Bitcoin. However, the major cryptocurrencies are trading in red for the past week, Bitcoin and Ether returning to $95K and $3.3K price ranges respectively. The total DeFi trading volume is reminiscent of the days of 2021, amounting to $10.54 billion. Aave regained its position as the…
Tether, the largest stablecoin issuer, plans to launch an AI platform by March 2025, according to CEO Paolo Ardoino’s announcement on X. “Just got the draft of the site for Tether’s AI platform. Coming soon, targeting end Q1 2025,” Ardoino wrote. The move comes as AI-related discussions dominate the crypto sector. On December 16, AI accounted for 51% of crypto conversations based on Kaito data. As of December 20, this has retraced to 35%, but AI still leads as the top narrative, with DeFi ranking second at 10% mindshare. AI-focused projects have seen substantial market activity, with one of the…
As the winter season warms up, so does the price fluctuation and enthusiasm within the crypto markets, especially in the meme space. CULT has caught the attention of enthusiasts and investors alike. The crypto’s rapid ascent and the dramatic plunge made significant waves in the crypto space. According to Spot on Chain, despite CULT’s controversial launch and current extreme volatility, many savvy traders are still rushing to accumulate the tokens. In the last two days, the on-chain analytics platform spotted two whales who recently bought Cult DAO to rebalance their portfolios and capitalize on the meme coin’s potential. $CULT (@MiladyCult)…
The digital currency ecosystem is on the edge as the price of Bitcoin crossed the $100,000 milestone. At the time of writing, the coin was changing hands for $102,668, up by 3.68% in 24 hours. Following this historic move, Bitcoin advocate Samson Mow has set an ambitious price target of $1 million for the coin. Bitcoin-to-$1 million journey It took Bitcoin exactly 15 years since its inception to record the $100,000 milestone. Since the coin was changing hands at half the current price, Samson Mow has always expressed confidence in its potential to hit the $1 million mark. Laser eyes…
The ZTLN-P launch bridges traditional finance with blockchain, offering institutional investors low-risk, tokenized financial solutions. Singularity and Zoth’s partnership highlights AI and blockchain integration to redefine DeFi as a compliant and scalable ecosystem. Following recent updates on Singularity Finance’s strategic partnerships, a CNF report highlights its mission to lead the AI and RWA economy and expand its ecosystem. Singularity Finance has partnered with Zoth to launch Zoth Tokenized Liquid Notes Prime (ZTLN-P), a groundbreaking tokenized asset anchored by U.S. Treasury ETFs and money market funds (MMFs). This collaboration underscores Singularity’s commitment to blending blockchain and AI technologies to create secure…
Around 120 hedge funds engaged in crypto reported hurdles in accessing banking services over the three years, The Wall Street Journal reported on Dec. 20. The number represents roughly 75% of 160 hedge funds recently surveyed by the Alternative Investment Management Association (AIMA). The survey highlighted that none of the 20 alternative investors in other asset classes, including real estate and private credit, reported similar challenges. The banking issues ranged from unclear communication to outright termination of relationships. Among the crypto hedge funds that encountered issues, a little over half were explicitly informed by banks that their relationships would be…
Cardano founder Charles Hoskinson believes XRP suffered a heavy loss in the Wyoming stablecoin saga. Over the past few weeks, the Wyoming Stable Token (WST) Project has been a hot-button topic for Cardano founder Charles Hoskinson. The crypto founder, whose blockchain failed to make the cut for the project, has argued that the selection process for the project to usher in a dollar-pegged stablecoin backed by the pro-crypto state was unfair and biased. As Hoskinson sets his eyes on war with the commission in charge of the WST blockchain selection process, he seeks allies in his newly found comrades, the…
After a relatively protracted stagnation between approximately $94,000 and about $99,000, Bitcoin (BTC) finally broke above $100,000 late on Wednesday, December 4, and even almost climbed to $104,000 during the upswing. Though such a move is undoubtedly good for BTC bulls and ensures the majority of long positions are in the green, it bodes ill for those investors who wagered the world’s premier cryptocurrency could not sustain the positive momentum. Specifically, at press time on December 5, $110,000 is shaping up to be a highly painful level for those who bet Bitcoin’s price will drop. Approximately $8 billion worth of…