Author: NBTC
Following successful partnerships with DZ Bank and Intesa Sanpaolo, the Stuttgart Stock Exchange is also in talks with other institutional investors to expand its cryptocurrency trading infrastructure. Stuttgart Stock Exchange Expands Crypto Trading Infrastructure, Targets More Institutional Clients The exchange aims to position itself as a key infrastructure provider for banks and brokers looking to enter the crypto space. “We are in talks with banks and brokers across Europe about potential cooperation in the crypto space. Some talks are already well underway,” Börse Stuttgart CEO Matthias Voelkel said in an interview. Italian banking giant Intesa Sanpaolo recently completed its first…
In a major development for the cryptocurrency ecosystem, Galaxy by Swing has announced the integration of the Celo blockchain into its platform, allowing users to bridge assets effortlessly between Celo and major Ethereum Virtual Machine (EVM) chains. This new feature enhances Galaxy’s cross-chain capabilities, making it easier than ever for users to swap and move assets seamlessly across different blockchain ecosystems. With Celo now supported, Galaxy users can engage in a wider range of decentralized finance (DeFi) activities, further expanding the platform’s reach and usability. 🌌 New Chain Unlocked: @Celo is Now on Galaxy!✨Move assets effortlessly between Celo and major…
Cliff Asness, co-founder of AQR Capital Management, labeled Bitcoin a speculative bubble following its meteoric rise to over $100,000 after the November 2024 U.S. presidential election. Asness said he remains skeptical of Bitcoin’s (BTC) long-term value due to the absence of clear, practical uses beyond speculation and illicit activities. “I’m on the bubble side, on the net,” Asness said on CNBC’s Money Movers, “To move me off that, you really need not a price change, but a use case. That’s what could convince me to become maybe more of a crypto person when I find any use for it, aside…
Today, MicroStrategy is one of the most important institutions in cryptocurrency, but it didn’t start out that way. The company, co-founded by Michael Saylor—one of the most influential figures in the world of Bitcoin—first made its mark in software. Now, however, it’s best known for its aggressive strategy of acquiring Bitcoin for its corporate reserves, with Saylor becoming a key figurehead for the institutional adoption of the asset. Here’s everything else you need to know about MicroStrategy and its relationship with Bitcoin. What is MicroStrategy? Before it added Bitcoin to its balance sheet, MicroStrategy was best known for its business…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. Bank of America CEO Brian Moynihan last week said that the US banking industry will have to adapt their businesses to allow for crypto payments, should regulations progress. “If the rules come in and make it a real thing that you can actually do business with, you’ll find that the banking system will come in hard on the transactional side of it,” Moynihan told CNBC at the World Economic Forum. Crypto exchange Kraken today launched a new payments platform — Kraken Pay, which allows customers to…
CME Group, the world’s leading derivatives marketplace, has announced plans to introduce options on its Bitcoin Friday futures starting February 24, pending regulatory approval. These new contracts will be the first cryptocurrency options from CME Group to be financially settled, with expirations available each business day, Monday through Friday. Financially-settled options, also known as cash-settled options, are derivatives contracts where the settlement at expiration does not involve the physical delivery of the underlying asset. Instead, the profit or loss from the option is calculated based on the difference between the option’s strike price and the market price of the underlying…
Malaysia will leverage Blockchain and Artificial Intelligence to tackle corruption and fraud in the digital age. Speaking at the 3rd International Conference on Technology, Humanities, and Management held in Maldives, Tan Sri Azam, chief commissioner of the Malaysian Anti-Corruption Commission, highlighted that technological advancements have introduced new challenges in combating crime, local media reported on Jan 30. As such, MACC is integrating AI and blockchain into its investigations to combat. According to Azam, while these technologies have enabled more sophisticated crimes, they also offer powerful tools to trace illicit activities and strengthen anti-corruption efforts. Azam pointed to AI’s ability to…
Cliff Asness, one of the most prominent hedge fund managers, remains a Bitcoin skeptic despite the cryptocurrency’s record-shattering rally. During a recent interview with CNBC, Asness suggested that the crypto king could be a “bubble,” arguing that it had no legitimate use case. With that being said, Asness said that he would refrain from shorting crypto due to its high volatility. The American billionaire, whose personal net worth is estimated to be $2.1 billion, has long been a cryptocurrency skeptic Back in 2021, Asness dismissed the idea of following cryptocurrency trends as a quant trader. “You know you can trade…
The first Federal Reserve (Fed) meeting of 2025 will conclude on Wednesday, with the rate decision scheduled for release at 19:00 UTC. It will be followed by Chairman Jerome Powell’s press conference at 19:30 UTC. The Fed’s ongoing target range for interest rates is 4.25% to 4.5%, which has declined by 100 basis points since September. The December meeting saw a 25 basis point rate cut, but the accompanying press conference and forecasts signaled slower rate cuts for 2025, sending risk assets, including bitcoin (BTC), lower. However, Wednesday’s meeting is largely being seen as a non-event for markets, including cryptocurrencies,…
In the past week, DEXs experienced a significant decline in transaction volume, reaching $133.33 billion. It is a 39.11% decrease compared to the previous week’s $228.10 billion. The decrease reflects wild price fluctuations in the virtual currency market as investors often become careful when the market witnesses a downtrend or period of distress. TOP #DECENTRALIZED EXCHANGES BY WEEKLY TRADING VOLUME #Raydium #Uniswap #PancakeSwap #Orca #Aerodrome #Curve #Cetus #THORChain #Hyperliquid pic.twitter.com/t3A2xUys2y — PHOENIX – Crypto News & Analytics (@pnxgrp) January 29, 2025 Raydium leads the crowd Despite the decrease, DEX trading remains strong attributed to the increasing adoption of decentralized exchange…