Author: NBTC

Sharesies, a major New Zealand stockbroker and micro-investing app, has decided to wade into cryptocurrency trading, according to a recent report by RNZ. This comes after Bitcoin, as well as several other major cryptocurrencies, recently hit record peaks. Co-CEO Leighton Roberts claims that the company has moved to embrace crypto due to growing customer demand, aiming to make the process of investing in the newfangled asset class “more straightforward.” More than 700,000 users Sharesies, which was launched back in 2017, now boasts more than 700,000 clients in New Zealand and Australia. The platform’s users are currently allowed to gain exposure…

Pakistan has taken a significant step into the digital asset economy by launching a national crypto regulatory authority and initiating plans for a Bitcoin reserve. This development marks a major policy shift from its previous crypto restrictions and underscores the country’s evolving stance on blockchain technology. Launch of PVARA: A New Regulatory Framework Pakistan’s Bitcoin Reserve and State Mining Program Will Pakistan’s Crypto Pivot Push India to Respond? From Hostility to Integration The Case for Self-Custody in a Regulated Environment Best South Asia Crypto Wallets Launch of PVARA: A New Regulatory Framework The newly created Pakistan Virtual Assets Regulatory Authority…

South Korea’s ruling and opposition parties filed dueling stablecoin legislation on Monday, setting up a parliamentary battle over crypto regulation as the nation seeks to establish its place in the global crypto economy. Democratic Party lawmaker Ahn Do-geol has submitted comprehensive regulations for won-pegged stablecoins that explicitly ban interest payments. At the same time, the ruling People Power Party’s Kim Eun-hye filed competing legislation that omits any mention of a prohibition on interest. Both bills grant emergency powers to financial regulators, with the Bank of Korea authorized to request data and conduct inspections supporting monetary policy. The legislative clash comes…

In a significant development for the decentralized finance (DeFi) landscape, South Korean cryptocurrency exchange Bithumb has announced the lifting of its investment warning designation on GMX crypto (GMX). This pivotal decision, effective July 30, signals renewed confidence in the popular decentralized perpetual exchange token and marks a crucial moment for its community. What does this mean for GMX crypto holders and the broader market? Let’s dive in. Understanding the GMX Crypto Investment Warning: What Was At Stake? For many investors, an ‘investment warning’ from a major exchange like Bithumb can be a cause for concern. These warnings are typically issued…

Recent analyses largely agree that retail investors have yet to return to the crypto market, even though Bitcoin has reached new all-time highs. However, there are new signs that Bitcoin’s price surge may soon lure back retail participants. But is it wise to start buying Bitcoin now that it has entered six-figure territory? Analysts are divided on the matter. Should You Start Dollar-Cost Averaging into Bitcoin Weekly? According to Bitbo’s calculations, if a retail investor had invested $1,000 per month in Bitcoin over the past two years, they would have accumulated approximately 0.4588 BTC, yielding a 114.8% return. This result…

Disclaimer: The analyst who wrote this article owns shares in Strategy.Strategy (MSTR), under the leadership of Executive Chairman Michael Saylor, may have just finalized its largest preferred stock issuance to date with an STRC (Stretch) offering joining the STRD, STRF and STRK preferred shares to build out the company’s credit yield curve. Among these, STRC is ranked high in seniority and low in expected volatility. It adds a new short-duration layer to Strategy’s financing mix and diversifies how the company can raise capital for BTC acquisition. Fidelity Alert MSTR STRC (Fidelity) According to a Fidelity alert on X, the deal…

Singapore’s central bank is expected to keep its monetary policy unchanged at its upcoming review on July 31. This comes amid persistent global economic uncertainty. According to a Bloomberg survey, 14 of 19 economists anticipate that the Monetary Authority of Singapore (MAS) will maintain its current policy stance. The MAS previously eased policy in January and April, marking its most accommodative position in five years. Singapore’s approach to its monetary policy is quite exceptional. Unlike central banks that alter interest rates, MAS uses the exchange rate as its main instrument. It conducts monetary policy by adjusting the width, midpoint, and…

The financial world is abuzz with news from Japan, where the venerable Osaka Exchange, a key entity within the Japan Exchange Group, is meticulously exploring the realm of cryptocurrency derivatives and Exchange Traded Funds (ETFs). This isn’t just another headline; it’s a pivotal moment signaling Japan’s deepening embrace of digital assets and a significant step towards their institutional integration. For anyone invested in the future of finance, the implications of the Osaka Exchange crypto derivatives push are profound. Why are Osaka Exchange Crypto Derivatives a Game Changer? This move by the Osaka Exchange isn’t happening in a vacuum. It reflects…

Bitcoin (BTC) price recently surged to a new all-time high (ATH) at $123,218 but faced a slight dip, trading at $117,500 today. The decline is likely owing to the anticipation surrounding the upcoming inflation data, as US CPI is expected to rise 2.7% Year-on-Year (YOY) in June. Nevertheless, current investor behavior reflects ongoing optimism, but market conditions exhibit concern about a potential pullback. Bitcoin Is Observing Support From the Spot Market The spot volume has surged by 50% since July 9, indicating a strong interest in Bitcoin purchases. This increase is a sign that the rally isn’t solely driven by…

A number of public companies may be about to build hoards of altcoins in an attempt to pump their share prices. Such companies are attempting to replicate the model mastered by Michael Saylor’s Strategy (MSTR) which has now accumulated 2.9% of all the bitcoin that will ever exist. Since it embarked on its BTC treasury strategy in 2020, MSTR share price has increased by over 3,000%. The bitcoin treasury strategy has been copied by a string of different companies and in recent months there has been several doing something similar with ether. However, the possibility of this model being used…