Author: NBTC

Brazil’s top financial policy body banned some pension funds from investing in cryptocurrencies because they are too risky. The National Monetary Council (CMN) forbade closed pension entities known as Entidades Fechadas de Previdência Complementar (EFPCs) from allocating any portion of their guarantee reserves into bitcoin (BTC) or other digital currencies. The EFPCs manage retirement savings for tens of thousands of unionized and company-employed workers and their reserves are typically made up of bonds and equities. “The resolution also prohibits investments in virtual assets, considering their specific investment characteristics and associated risk,” a Ministry of Finance notice circulating among local news…

Ripple USD (RLUSD), Ripple’s recently released stablecoin, is creating quite a stir. A remarkable $10 billion milestone on well-known platforms like Kraken and an 87% increase in trading volume have made RLUSD one of the most trending assets at the moment, according to Santiment. This expansion is directly related to the fact that RLUSD has been integrated into Ripple’s strong payment systems, which has simplified cross-border transactions and drawn increased institutional interest. With Ripple’s ecosystem, which is already well-known for its enterprise-grade blockchain solutions, RLUSD has a solid platform on which to grow. As RLUSD starts to provide a substitute…

Ethereum price started a recovery wave above the $1,850 level. ETH is now consolidating and facing key hurdles near the $1,920 level. Ethereum started a recovery wave above $1,820 and $1,850 levels. The price is trading above $1,860 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $1,860 on the hourly chart of ETH/USD (data feed via Kraken). The pair must clear the $1,900 and $1,920 resistance levels to start a decent increase. Ethereum Price Starts Recovery Ethereum price managed to stay above the $1,750 support zone and started a recovery wave,…

Fearing an attack by quantum computers, Bitcoin developers have already started coding the hard fork that could alter the currency’s supply. Developer Agustin Cruz is the latest dev to post a draft Bitcoin Improvement Proposal (BIP) to the Bitcoin-Dev mailing list. Entitled “Quantum-Resistant Address Migration Protocol” (QRAMP), the draft BIP includes preliminary code and instructions for destroying unspent transaction outputs (UTXOs) — colloquially known as bitcoins (BTC) — on the world’s most valuable blockchain. His BIP contains code for a hard fork consensus change that would enact a mandatory migration of quantum-vulnerable UTXOs. For context, Bitcoin’s Elliptic Curve Digital Signature…

As U.S. President Donald Trump seeks to impose sweeping trade measures to reshape the American economy, the Trump administration is racing to finalize details of his new tariff agenda by a self-imposed Wednesday deadline, according to the Wall Street Journal. One key point of contention within the administration is whether to impose individualized tariff rates on U.S. trading partners, as Trump has hinted in recent weeks, or to return to his promise of a blanket tariff affecting nearly all countries doing business with the U.S., according to people familiar with the discussions. Trump has previously tried to temper expectations for…

Over $101.5 million worth of tokens are scheduled to be unlocked across major crypto projects this week, potentially adding to market volatility as the financial repercussions of recent tariff announcements continue. According to unlock data aggregator Tokenomist, Saga (SAGA) leads with the largest unlock valued at $35.37 million, representing a significant 118.62% of its current circulating supply. Other major unlocks include Aptos (APT) at $33.43 million (1.12% of circ. supply), Tensor (TNSR) at $16.71 million (35.86%), and Axie Infinity (AXS) at $7.29 million (1.69%). Traders are closely monitoring these events, as token releases often introduce price fluctuations. Largest Unlocks: SAGA,…

Leading XRPL wallet Xaman recorded impressive transactional and user-related figures in Q1 2025 amid growing traction toward the XRP Ledger. The buzz around XRP and the XRP Ledger has only spiked since its November price outburst. User participation and liquidity have surged within the ecosystem, spilling to applications building on the network. Xaman, a prominent self-custody wallet developed by XRPL Labs, has benefited immensely from these activities. Specifically, the web3 wallet processed over a billion dollars in XRP payments in the year’s first quarter. $1B Worth of Transactions in Three Months In an X post, Xaman, formerly Xumm, disclosed impressive…

It’s been a tumultuous start to April, as global markets experienced significant downturns, with U.S. equities and cryptocurrencies reacting to escalating trade tensions. The U.S. stock market has shed a staggering $9.6 trillion in value since President Donald Trump’s second-term inauguration in January. Notably, $5 trillion of that decline occurred over the past two days, marking the largest two-day loss on record. The Nasdaq Composite index is on the verge of confirming a bear market, having fallen over 20% from its December 2024 peak of 20,173.89. Also, JPMorgan Chase now estimates a 60% probability of a U.S. economic recession. This…

Interest in cryptocurrencies shows no signs of slowing down in Hong Kong as 25% of adults planning to invest, a new survey finds. A November 2024 survey by the Hong Kong University of Science and Technology found that a quarter of respondents plan to hold cryptocurrencies, up 6% from a poll conducted in September 2023, The Standard reports. The survey, which polled 5,863 adults over three weeks, also found that uncertainty still remains high. Across all three surveys, at least 40% of respondents indicated uncertainty in holding cryptocurrencies in the future, the HKUST research team stated. At the same time,…

Grayscale has filed Form S-1 with the SEC to launch a spot Solana ETF. It comes after NYSE Arca submitted a 19b-4 application to the SEC, proposing to convert the Grayscale Solana Trust into an exchange-traded product. The SEC formally acknowledged the filing on February 6. S-1 is the formal registration statement required to offer and trade shares of Grayscale’s proposed fund under the Securities Act. The filing, dated April 4, reveals the firm plans to list the ETF—initially named Grayscale Solana Trust (SOL)—on the NYSE Arca exchange. Once approved, the trust will be renamed Grayscale Solana Trust ETF. The…