Author: NBTC
Smart Valor, a crypto exchange and AI-led investment company, is exploring a possible sale of all or part of its business. The Zug, Switzerland-based company is conducting a strategic review after receiving a number of inquiries from large global exchanges, crypto platforms and traditional finance (TradFi) institutions including banks and trading platforms, CEO and co-founder Olga Feldmeier told CoinDesk in an interview. The European Union’s Markets in Crypto Asset (MiCA) rules came into force on Dec. 30, and Smart Valor could be a target for companies that don’t have regulatory approval in Europe. While neither Switzerland nor Lichtenstein, where Smart…
The market cap for Circle USDC stablecoin has surpassed $50 billion, continuing its rapid growth from last year. According to data from Defillama, USDC now has a circulating supply of $51 billion after seeing more than 11% growth in the past seven days. The stablecoin’s massive growth this year only continues a positive trend for 2024 when it outperformed all its competitors, including Tether USDT, in market cap growth. Per Circle’s Shaping the Future of Money Report, USDC circulating supply grew by 78% year over year in 2024. Despite this growth, USDC remains below its all-time high market cap of…
Michael Saylor, a Bitcoin evangelist and MicroStrategy’s executive chairman, has taken to his account on the X social media giant in the past to talk to the millions of his followers about the mysterious Bitcoin founder known under the pseudonym Satoshi Nakamoto. In his tweet, Saylor has published a famous saying that is frequently used as a reply to an eternal question – “Who is Satoshi Nakamoto?” In the meantime, the Bitcoin price is approaching the $103,000 level. “We are all Satoshi,” Saylor says Saylor published an AI-generated image in which Saylor is sitting with his legs crossed and holding…
Concerns about the Ethereum Foundation’s (EF) leadership and its direction were recently addressed by Vitalik Buterin, who clarified the EF’s function and role within the Ethereum ecosystem. EF is only one part of a much larger decentralized ecosystem, as he made clear in his remarks. Ethereum’s goal of becoming a world computer is dependent on a network of companies, developers and community-driven projects rather than a single organization. Buterin clarified that EF’s function is to succeed in the areas where Ethereum is most effective, not to control every facet of its development. This includes providing targeted support for the Ethereum…
Donald Trump is poised to fulfill the United States’ ambitions in crypto and artificial intelligence as the 47th President, and many including Eric Trump believe this is an opportunity to invest in the country. Eric Trump: Best time to invest in US, Crypto? Eric Trump, President Trump’s second son, posted on X, “In my opinion, now is the best time to invest in the United States. Bet on our markets, energy, technology, and cryptocurrency—bet on a country that has broken free from constraints and now has unlimited potential.” In my opinion, there has never been a better time to invest…
Shortly before the President-Elect again became the President on January 20, the Trump family on a controversial meme coin offensive with the OFFICIAL TRUMP (TRUMP) and Official Melania Meme (MELANIA) cryptocurrencies drew the bulk of the attention. As could be expected, the Donald Trump-themed digital asset – either a cynical cash grab or a blockchain equivalent of a commemorative coin or stamp – proved to have the most staying power and attracted the most investor interest. In fact, by press time on January 23, TRUMP enjoyed a total spot volume of some $38 billion – a daily average of about…
Petrobras is interested in bitcoin mining as a complementary activity. Marcelo Curi, a blockchain and crypto architect at Petrobras, has stated that the company is researching this and other Web3 applications to reduce carbon emissions. Brazilian State-Owned Company Petrobras Researches Bitcoin Mining Integration Bitcoin mining is starting to be considered by large oil companies in the world. Petrobras, a Brazilian state-owned company that produces nearly 3 million crude barrels, is now researching the integration of bitcoin mining into its processes. The objective of this implementation would be to develop a business model capable of implementing these operations to lower the…
The Bitcoin MVRV Z-Score has historically been one of the most effective tools for identifying market cycle tops and bottoms in Bitcoin. Today, we’re excited to share an enhancement to this metric that makes it even more insightful for today’s dynamic market conditions. What Is the Bitcoin MVRV Z-Score? The MVRV Z-Score is derived by analyzing the ratio between Bitcoin’s realized cap (the average acquisition cost of all Bitcoin in circulation) and its market cap (current network valuation). By standardizing this ratio using Bitcoin’s price volatility (measured as the standard deviation), the Z-Score highlights periods of overvaluation or undervaluation relative…
Shytoshi Kusama, the Shiba Inu ecosystem lead, highlights SHIB’s achievements while reacting to complaints about Ethereum Foundation’s limited engagement with developers. According to a recent X post, Cygaar, a blockchain developer and Abstract Chain contributor, expressed frustration with the Ethereum Foundation for not engaging with him or any of the Abstract Chain team members despite the project’s significant contributions to the Ethereum ecosystem. The developer noted that this communication is imperative to help both teams figure out how best to help one another. Notably, Cygaar mentioned that Abstract chose to build a Layer-2 blockchain on Ethereum to scale the network.…
Cambodia may not grab the headlines as a blockchain hub, but the Southeast Asian nation has been quietly growing its blockchain-based payments system for five years. It has now issued new regulations that outline how banks can handle stablecoins and tokenized assets. In China, the city of Guangzhou is reigniting residents’ interest in the digital yuan, launching an action plan to promote the People’s Bank of China’s (PBoC) central bank digital currency (CBDC) in public sector salaries, the metro system, and more. Cambodia quietly advances blockchain framework The National Bank of Cambodia (NBC) published a new legal framework for the…