Author: NBTC
South Korean financial experts and opposition politicians urged the country to integrate Bitcoin into its national reserves and develop a won-backed stablecoin at a forum held last Wednesday. The seminar, hosted at the National Assembly by the main opposition Democratic Party, analyzed potential responses to U.S. moves for a national reserve centered on Bitcoin, according to initial reporting from local media outlet The Korea Herald. The discussions came a day before President Donald Trump signed an executive order to establish a Bitcoin Reserve and crypto stockpile late Thursday. By Friday afternoon, the White House hosted its inaugural crypto summit, discussing…
Founder Charles Hoskinson has insisted that ADA, the native token of the Cardano ecosystem, will always remain deflationary. In a recent podcast from Colorado, Hoskinson addressed several issues affecting the new government model in the Cardano ecosystem. One is the hanging issue surrounding the ecosystem’s treasury management. Notably, crypto pundit and Cardano enthusiast “Angry Crypto Show” highlighted an interesting comment from Hoskinson. In a Friday tweet, he shared a clip from the podcast where the Cardano founder inferred that ADA will always be deflationary. Working Model to Combat a Possible ADA Inflation Hoskinson highlighted that infrastructures are in place to…
WASHINGTON, D.C. — President Donald Trump assured the crypto sector that it’s on new ground in a first-ever summit at the White House on Friday, illustrating what the industry suspected: It’s got friends at every level in Washington. “I know that many of you have been fighting for years for this, and it’s an honor to be with you at the White House,” Trump said as the White House meeting got underway.In his brief statement, Trump said he would end his predecessor’s “war on crypto,” praised lawmakers’ legislative efforts and discussed his new Bitcoin reserve. “Regulators strong armed banks. I…
Justin Bons, founder and Chief investment officer of Cyber Capital, warns against investing in Bitcoin, calling it “fool’s gold.” In a detailed post on X, Bons described Bitcoin as an emperor without clothes and more of a meme coin, cautioning traders not to take their BTC investments seriously. Bons argues that BTC is no longer sustainable, especially after having lost its desirable qualities According to Bons, BTC has lost all its attractive qualities, so it won’t last very long. He argued that without capacity, scarcity, privacy, DeFi, or long-term security, the asset has “no legs to stand on.” He even…
Rapper and designer Ye, better known as Kanye West, is set to launch his own cryptocurrency token, YZY, despite his past criticism of crypto projects and ongoing controversy over his public statements. Ye Plans YZY Crypto Token Despite Previous ‘Coin’ Criticism According to multiple sources familiar with the project, 70% of the YZY token supply will be allocated directly to Ye, with only 10% set aside for liquidity and 20% for investors. The token is designed as an official currency for fashion brand Yeezy and will be accepted as payment on its website. Ye’s move into cryptocurrency comes after a…
The White House Crypto Summit will reportedly not propose exemptions from the capital gains tax on cryptocurrency, as stated by The Kobeissi Letter. BREAKING: No capital gains tax exemptions are expected to be announced at the White House Crypto Summit. — The Kobeissi Letter (@KobeissiLetter) March 7, 2025 During a virtual summit preview, a White House official stated that taxation would not be an issue for debate, contrary to what people had suggested. The summit will help industry leaders give regulatory feedback as a response to Trump’s intention to end Operation Chokepoint 2.0, an initiative reportedly designed to target the…
At the start of this month, the price of Bitcoin was around $102,398.17. Since then, the market has experienced a decline of 5.77%. In the previous month, the market witnessed a surge of at least 9.54%. Unsurprisingly, a report suggests that large BTC holders have seen lower realised profits this month compared to January. Let’s take a closer look. Bitcoin Whales Made Less Profit in February According to the report, earlier in the year, large BTC holders made approximately $3 billion in realised profits. The same report shows that large BTC holders, holding 10 to 10,000 BTC, have seen lower…
The Cardano ecosystem expanded on all fronts last year with major boosts in prices, average daily transactions, and DeFi total value locked. An analytical report from market intelligence platform Messari shows that the network posted an impressive outing last year amid broader market bullishness. The piece highlighted the asset’s dazzling showing in Q4 2024 and overall performance compared to the previous year. Price Upsurge Boosts Key Metrics ADA recorded an impressive 126.2% surge in Q4 2024 following its surge from $0.374 to a four-year high of $1.327 before retracing to close at around $0.844. The price upswing canceled earlier quarterly…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) as the flagship crypto asset hovers below the $100,000 price. In a new video, Svenson tells his 82,400 YouTube subscribers that the weekly Relative Strength Index (RSI) indicator, which he considers “one of the most reliable signals for bullish pivots in Bitcoin land,” is suggesting a move to the upside for the flagship crypto asset. The RSI is a momentum indicator that oscillates between 0 to 100 and is used to determine overbought or oversold levels. “And now we are seeing, if you look closely, the weekly RSI is…
The push for an XRP exchange-traded fund (ETF) is gaining momentum as Bitwise Chief Investment Officer Matt Hougan confirms growing investor demand. In a CNBC interview, Hougan was asked to comment on the demand for an XRP ETF. The host mentioned less demand for Ethereum ETFs than Bitcoin but noted that there is increasing adoption. “What does the outlook look like for an XRP fund,” the host asked. In response, Hougan stressed that there is a massive demand for a regulated XRP investment product in the U.S. He backed up his view by citing two major factors. First, Hougan highlighted…