Author: NBTC
Bahrain’s central bank is developing regulations for stablecoins to reduce transaction costs and increase financial access. Making the Digital Asset Space Safer Bahrain’s central bank is drafting regulations on stablecoin issuance, the Middle Eastern country’s Finance and National Economy Minister Shaikh Salman bin Khalifa Al Khalifa recently disclosed. Once enacted, the stablecoins are expected to reduce transaction costs and expand financial access. According to an Akhbar-Alkhaleej report, Al Khalifa made the disclosure while responding to a question from legislator Hisham Al-Asheeri regarding digital asset regulation. Al Khalifa explained that the Central Bank of Bahrain has always been eager to make…
Ethereum (ETH) price has remained in a consolidation phase, trading below $3,000 since February 2. Over the past weeks, indicators like RSI, DMI, and EMA suggest that ETH lacks strong momentum, with neither buyers nor sellers taking full control. The narrowing gap between its EMA lines hints at a potential shift, but ETH must overcome key resistance levels to regain bullish momentum. Meanwhile, if support levels fail to hold, a deeper correction toward $2,160 could be on the table. Ethereum RSI Has Been Neutral For Two Weeks Ethereum Relative Strength Index (RSI) is currently at 54.2, staying neutral since February…
Hyve, a high-throughput middleware data availability protocol secured by Symbiotic, raised $50 million in pre-deposits from restakers in as little as two weeks between January 28 and February 14 for HyveDA, a novel data availability solution, as per the latest information shared with Finbold. The drive started at exceptional speed as it clocked $25 million in total value locked (TVL) within the initial hours before slowing down due to the shockwave emerging from President Donald Trump’s tariff announcements. As HyveDA explained, the decentralized funding drive, had to be capped at $50 million despite exceptionally high demand to ensure a controlled…
The real-world asset (RWA) tokenization market is experiencing explosive growth, with a total market cap of over $70 billion. Leading the pack are Hedera (HBAR), Chainlink (LINK), Avalanche (AVAX), VeChain (VET) and Ondo (ONDO) in the top mix. These tokens have seen significant price increases, indicating strong investor interest in the RWA space. CoinMarketCap data shows the top RWA tokens by market cap are HBAR, LINK, and AVAX. All these tokens have seen impressive gains over the past week, with AVAX up 25%, LINK up 15.95%, HBAR up 19.95%, and others following suit. Based on their current performance, the RWA…
Topping the priorities of the Cyprus Securities and Exchange Commission (SEC) in 2025 is the impact of artificial intelligence (AI) and the Market in Crypto-Assets Regulation (MiCA). With artificial intelligence (AI) reshaping financial markets and the growing influence of online financial promoters (fin-fluencers), CySEC is now setting stricter compliance expectations. The regulator is also focusing on implementing the Digital Operational Resilience Act (DORA) and the Markets in Crypto-Assets Regulation (MiCA), boosting its commitment to investor protection and market stability. “Supervisory Priorities for 2025 provide guidance for Regulated Entities as to the increasing measures they are expected to take in order…
Ethereum (ETH), the world’s second-largest cryptocurrency by market cap, is at a crucial level, indicating a make-or-break situation for the altcoin. This prediction is based on ETH’s current price action in the four-hour time frame. Ethereum (ETH) Technical Analysis and Upcoming Level According to expert technical analysis, ETH appears to be forming an ascending triangle pattern on the four-hour time frame but is currently facing resistance from the descending trendline and seems to be falling toward the pattern’s support level. Based on the recent price action, if ETH fails to hold the $2,680 level and closes a four-hour candle below…
Citigroup is exploring the addition of crypto custody services to its offerings, according to people familiar with the matter cited by The Information. The bank’s interest in crypto custody follows its February 14, 2024 announcement of a successful proof of concept project that demonstrated the ability to issue and custody tokenized versions of private equity funds on a blockchain network. “Coinbase is in talks with banks to offer custody and trading services as a partner. But many banks will still need further regulatory approval, such as from the Fed and NY DFS,” said The Information reporter Yueqi Yang. Citigroup, which…
A really smart cryptocurrency trader, with an impressive track record, has amassed nearly $40 million of profit trading AI cryptocurrencies. This asset class is on the market’s spotlight, benefiting from the artificial intelligence (AI) boom and also from massive speculation. The smart trader in focus here has set a remarkable 89.07% win rate in one month, according to GMGN data and a Lookonchain report. Interestingly, most of his profit came from trading two AI-related meme tokens, ai16z (AI16Z) and Fartcoin (FARTCOIN). As Finbold reported last week, AI memecoins are surging since late 2024, nearing a $11 billion market cap. AI16Z…
Silicon Valley’s political clout has shifted from the Obama administration to the Trump era. In recent years, tech and crypto leaders have taken a stronger role in shaping U.S. policy, with a new alliance forming between Silicon Valley moguls and the Trump administration. According to a Bloomberg report, during Barack Obama’s presidency, Silicon Valley backed Democratic ideals with his tech-friendly policies. His administration championed innovation, with measures designed to boost tech startups and digital industries. Mark Zuckerberg, Jeff Bezos, Tim Cook, and Sundar Pichai, along with other top Silicon Valley figures, supported Obama by backing his campaign and pushing policies…
Ethereum (ETH) is showing signs of a likely recovery as market analysts predict a price range between $4,000 and $8,000 in the coming months. Technical patterns, on-chain data, and institutional interest further reinforce this outlook, indicating the token may be preparing for a strong upward move. Ethereum (ETH) Holds Above Key Support as Analysts Predict Breakout Ethereum has maintained a long-term ascending trendline despite recent market volatility. According to Crypto General, the cryptocurrency has been respecting this trendline with no intentions of breaking below it anytime soon, suggesting that the asset is still in a bullish structure. Yet the token’s…