Author: NBTC
In a remarkable development, Switzerland state-owned bank, PostFinance AG, has officially launched Ethereum staking. Notably, the bank has introduced staking as a key part of its cryptocurrency expansion, according to a latest Bloomberg report. Since the start of the new year, there has been a surge in pro-cryptocurrency moves, with major financial institutions getting involved. The latest to join this trend is a state-owned bank in Switzerland, adding to the growing list of institutions embracing changes in the industry ahead of 2025. Notably, Ethereum staking enables users to earn rewards by helping validate transactions on the blockchain. PostFinance, a state-owned…
The IOTA Rebased proposal introduces a transition from the UTXO model to an object-based architecture for improved programmability, resource management, and throughput exceeding 50,000 TPS It also incorporates a deflationary tokenomics model, nominal transaction fees, and validator incentives to enhance network resilience and scalability. IOTA Foundation has recently developed a revolutionary proposal to rebuild its blockchain framework, referred to as the IOTA Rebased protocol. This endeavor seeks to establish a completely decentralized Layer 1 (L1) network with the addition of advanced features. These new features include Move Virtual Machine (MoveVM), Ethereum Virtual Machine (EVM) support, and a revised tokenomics model.…
The Australian Securities and Investments Commission (ASIC) released guidance on 26 June 2024, outlining its expectations regarding business communications. This was detailed in Information Sheet 283 and an accompanying press release, indicating the regulator’s intention to enhance compliance standards. This signals significant changes in Australian compliance, with much new information and actions for its community to address. Below we’ll analyze the ASIC’s instructions and the global events that have led to this regulatory overhaul. One prominent trend in 2024 was an increased level of transparency from regulators on exactly what they expected from financial organizations. This clarity was welcome in…
Bitcoin’s market capitalization hit an all-time high of $1.93 trillion on Thursday, Nov. 21, when the asset reached a record high of $97,850. This means that its market cap is now larger than the world’s sixth-largest company, Saudi Aramco, and just $230 billion behind e-commerce giant Amazon. The firm, also known as the Saudi Arabian Oil Group, is a majority state-owned petroleum and natural gas company and the national oil company of Saudi Arabia. Bitcoin price nearing $100K, market cap approaching $2 trillion. If Bitcoin was a company, it would be 6th biggest globally just behind Amazon and just ahead…
The promise of decentralized finance (DeFi) is intoxicating: an open, borderless financial ecosystem that operates without the need for intermediaries. But alongside its meteoric rise, DeFi has stumbled—hard. Billions of dollars have been lost in rug pulls, hacks, and protocol failures, leaving consumers exposed and the industry’s credibility in tatters. From the downfall of Terra and Celsius to the myriad smaller projects that collapsed under poor governance or outright fraud, the DeFi experiment has often looked less like a revolution and more like a high-stakes casino. Why did this happen? At its core, blockchain technology doesn’t govern the people who…
Ethereum (ETH) price has climbed over 4% in the last 24 hours, although it remains down 17% over the past 30 days. In the last few days, ETH has been trying to stay above the $3,000 level, a key psychological and technical area that could influence its next move. Indicators such as the Relative Strength Index (RSI) and Directional Movement Index (DMI) reveal that while ETH recently showed signs of bullish momentum, that strength appears to be fading. Whether ETH can regain its uptrend or face further corrections depends on its ability to hold critical support levels and overcome nearby…
Cathie Wood, CEO and Chief Investment Officer of Ark Investment Management (ARKK), has drawn attention after offloading $17 million worth of Palantir (NASDAQ: PLTR) stock in the first week of January 2025. The sale, which saw Wood’s ARK Funds unload 221,950 shares between January 3 and January 7, comes as concerns mount over Palantir’s lofty valuation following its sharp rally in 2024. Despite trimming the position, Palantir remains a major holding in the ARK Innovation ETF, accounting for 5.7% of the fund’s portfolio, according to data from StockCircle. The stock, however, has struggled in early 2025. As of the market…
By joining the Chainlink Scale program, Optimism developers can access Chainlink’s high-quality Oracle services at a reduced cost. The integration is expected to significantly improve decentralized finance (DeFi), gaming, and other blockchain applications by providing faster, more secure tools for connecting Web2 data to Web3 apps. Optimism has officially announced the integration of three key Chainlink services into its OP Mainnet. These include Chainlink Data Streams, Chainlink Functions, and Chainlink Verifiable Random Function (VRF). With this collaboration, Optimism is also entering the Chainlink Scale program, which aims to support the long-term adoption and sustainable growth of OP Mainnet. A Look…
Donald Trump’s upcoming executive orders immediately after his inauguration (day 1) will create a Bitcoin reserve and end ‘debanking’. The promised day-one executive orders will also include the nomination of Paul Atkins for the U.S. SEC Chair and the appointment of David Sacks as AI and crypto czar. The Washington Post reported that Trump was expected to issue an executive order repealing the controversial crypto accounting policy requiring banks holding digital assets to count them as liabilities on their balance sheets. Venture capital billionaire Marc Andreessen and his peers were also pressing Trump to revoke Biden’s anti-crypto policies and establish…
The popular crypto analyst PlanB believes Bitcoin (BTC) may not see a market correction until after breaking into the six-figure range due to one key metric. The pseudonymous trader tells his 2 million followers on the social media platform X that Bitcoin holders appear to be selling ahead of a possible $100,000 price target. According to the analyst, the Bitcoin profit-taking may actually mean a significant dip at the six-figure target will not occur. “Who sells Bitcoin now? Easy: sellers are profit-takers. On average November sellers sold at more than 60% profit (red) with a cost price of $55,000. I…