Author: NBTC
Norges Bank, Norway’s central banking authority, is preparing to make a critical decision on whether to introduce a central bank digital currency (CBDC) by the end of 2025. In an interview with Bloomberg on October 22, Deputy Central Bank Governor Pål Longva revealed that the bank is on track to finalize its recommendation within the planned timeline. Longva emphasized that while other European countries are advancing their digital currency initiatives, Norway’s approach is thorough, with no immediate rush to launch its CBDC. “We are in line with many central banks — studying complex issues and assessing multiple factors. There is…
Kraken is a significant player in the cryptocurrency exchange industry, and stands out for its stellar track record on security, accessibility in multiple regions and multiple account funding options. While a listing in Kraken doesn’t have quite the same impact on the market as a listing on Binance or Coinbase, it can still provide a nice boost to smaller crypto projects. In this article, we’re highlighting new Kraken listings in 2024 and featuring upcoming Kraken listings. Kraken is one of the few exchanges that publicly reveals which cryptocurrencies they are planning to add to their platform. NEW KRAKEN LISTINGS: deBridge…
Despite the Bitcoin price correction cracking under $56,000, the potential interest cut in September could spark a renewed recovery trend. As Bitcoin’s downtrend continues, the broader market uncertainties grow intense. With a lack of bullish momentum related to increased outflow from U.S.-Based Bitcoin spot ETFs, the bulls anticipate the upcoming Fed cut as the next uptrend catalyst. Bitcoin Coils Up Momentum Under Pressure The Bitcoin price is currently trading at $55,499, with a 24-hour drop of 2.5% and a decline of 6.2% over the past seven days. In the daily chart, the BTC price has dropped under the crucial support…
An interesting discussion about the underutilization of the crypto market and space emerged recently when Georgios Konstantopoulos of Paradigm suggested that even developers in the crypto space are not fully leveraging the potential of blockchain, and suggested that self-service onboarding, user-signed requests and stablecoins could democratize authentication through decentralized platforms. Vitalik Buterin, the founder of Ethereum (ETH), entered the discussion by emphasizing Ethereum’s founding philosophy. He likened the Ethereum address to the principle of “text as a universal interface,” positioning the ETH address as a universal tool for authorization across the blockchain ecosystem and calling it the philosophy behind the…
The FED, which last cut interest rates in 2020, cut interest rates for the first time yesterday after a 4-year break. The FED, which made a 50 basis point cut, also moved Bitcoin and altcoins. While Bitcoin rose above $62,000, there were also increases in altcoins. However, some altcoins positively diverged from the market with their increases and increased whale activity. At this point, Santiment listed the altcoins that stood out after the FED’s interest rate decision. Santiment listed six altcoins that experienced a notable increase in whale transactions and stated that these were “Stargate (STG), GMX, Big Time (BIGTIME),…
Coinbase CEO Brian Armstrong believes that the next SEC chairman should apologize to the digital asset sector for the agency’s treatment of crypto under Gary Gensler. In an X post, Armstrong said that the SEC should drop all cases against digital asset trading platforms, including Coinbase and Binance.US. The next SEC chair should withdraw all frivolous cases, and issue an apology to the American people.It would not undue the damage done to the country, but it would start the process of restoring trust in the SEC as an institution. pic.twitter.com/kWVx73vYMs — Brian Armstrong (@brian_armstrong) October 29, 2024 Gensler’s actions have…
Analysts expect a slowdown in spot trading volume to hurt Coinbase’s revenue in the third quarter. The exchange reports Q3 earnings post-market on Wednesday. Third quarter revenue is forecasted to decline about 13% from the second quarter, according to FactSet. Wall Street analysts expect a further slowdown in spot trading volume for Coinbase (COIN) in the third quarter, partly triggered by a lack of catalysts for crypto and an uncertain regulatory environment heading into the presidential election. The crypto exchange, when it reports its earnings post-market on Wednesday, is expected to experience a revenue decline of about 13% in the…
Bitcoin’s trading hours have surpassed those of the modern US fiat stock market since the Nixon Shock, but claims of it exceeding the entire history of US stock trading or fiat globally would be premature. A closer examination reveals a more nuanced picture of market longevity and trading activity. The crypto community recently buzzed with a statistic highlighting how Bitcoin had accumulated more trading hours than the fiat stock market following an analysis by Cory Bates. Bates identifies how Bitcoin trading has now surpassed the fiat stock market, but it’s important to remember that this does not mean the entire…
Ethereum’s (ETH) price recently experienced a 10% decline, with failed attempts to establish $2,700 as a support level. Despite these setbacks, the altcoin has managed to hover above the uptrend line for the past two months, a feat largely sustained by strategic whale activity. With substantial assets at play, these high-value investors might hold the key to a potential reversal. Ethereum Holders Panic Ethereum recently experienced a notable rise in profit-taking, marking the highest level of realized profits in two months. This surge indicates that numerous ETH holders chose to cash in on previous gains, contributing to recent price fluctuations.…
Solana Mobile has announced the release of a new smartphone — Solana Seeker. What’s interesting about the model, which is intended to become part of the web3 ecosystem? Solana Mobile has announced the release of a new smartphone — Solana Seeker. The developers claim that this model will become a key part of the web3 ecosystem. Table of Contents What’s special about Solana Seeker Solana Mobile has already earned $70 million How SOL reacts The first excitement around Solana Mobile What does the crypto community say? What’s special about Solana Seeker Solana Seeker promises users improved specifications compared to previous…