Author: NBTC
Public companies could channel over $300 billion more into Bitcoin over the next five years, according to a new report by analysts at asset management firm Bernstein. This potential inflow stems from a growing number of corporates adopting a strategy modeled after MicroStrategy’s aggressive Bitcoin accumulation culture. Bernstein disclosed this projection in a recent report. The asset manager’s base case outlines that between 2025 and 2030, listed corporations could direct nearly $205 billion into Bitcoin. An additional $124 billion is expected to come from companies replicating the capital deployment plan of Strategy (formerly Microstrategy). Currently, Strategy holds 555,450 BTC, purchased…
Ethereum’s price has surged by 5% over the past 24 hours, amid the broader market recovery. The leading altcoin currently trades above the psychological $2,500 price zone, reinforcing short-term bullish sentiment. However, key technical and on-chain signals suggest that the upward momentum may be waning. ETH’s Technical Setup Turns Bearish An assessment of the ETH/USD one-day chart reveals the potential formation of a death cross on its Moving Average Convergence Divergence (MACD) indicator. This bearish pattern emerges when an asset’s MACD line (blue) breaks below the signal line (orange), signaling a shift from bullish to bearish momentum. Such a pattern…
LONDON, May 20 (Reuters) – The surge in popularity of U.S. dollar-backed stablecoins as a way of transferring money abroad is increasing the volatility of Brazilian capital flows, Brazil’s central bank deputy governor said on Tuesday. Brazilians’ crypto asset usage has surged over the past two to three years, with around 90% of the flow linked to stablecoins – digital money pegged to leading currencies like the U.S. dollar – its central bank estimates. Deputy Governor Renato Gomes said one of the “worrisome” issues was that they can be a way to bypass the normal checks and balances for converting…
Shiba Inu’s layer-2 blockchain solution, Shibarium, has reached a new milestone, surpassing 11 million total blocks, indicating the network’s steady growth since inception. According to Shibariumscan, the total block count has reached 11,015,436, indicating continuous activity in the Shiba Inu ecosystem. However, this milestone comes with a surprising twist: daily transactions on the Shibarium network have declined since the start of the week. Since May 12, daily transactions have dropped from 4.21 million to just 2.76 million in the last 24 hours, indicating a decline in activity. The drop, however, coincides with a broader decline in crypto prices this week,…
Pavel Durov, founder and CEO of encrypted messaging platform Telegram, confirmed that France’s foreign intelligence service asked him to ban conservative Romanian voices ahead of the May 2025 presidential election, citing terrorism and child safety concerns. He refused. “They met with me—allegedly to fight terrorism and child porn,” Durov wrote on X on Monday. Durov claims the latter subject “was never even mentioned,” adding that the intelligence agency engaged in manipulative tactics, despite having other intentions. “Their main focus was always geopolitics: Romania, Moldova, Ukraine,” Durov claimed. The Directorate-General for External Security (DGSE), France’s foreign intelligence agency, allegedly sought…
Guatemala’s largest bank, Banco Industrial, has adopted blockchain firm SukuPay’s stablecoin rails for customers to send remittances from the U.S. SukuPay will allow Guatemalans to receive funds from the U.S. for a flat 99 cent fee using only a phone number within their Banco National mobile app Zigi, according to an emailed announcement on Wednesday. “This integration marks the first time a crypto-native protocol has gone live at this depth inside a top-tier Latin American retail bank,” SukuPay said in the announcement. SukuPay’s developer Suku unveiled the payment tool in April 2024 as a way of allowing cross-border money transfers…
Ethereum (ETH), which has been upsetting its investors with its weak performance against Bitcoin (BTC) for a long time, has experienced a big rise in recent weeks. While ETH’s rise increased bullish expectations, option investors also switched to bull mode. According to Coindesk, option traders have turned to a bullish call spread strategy and expect Ethereum to reach $6,000 by the end of the year. According to Deribit data, institutional investors are aiming to make maximum profits if Ethereum reaches $6,000 by the end of the year by buying $3,500 call options and selling $6,000 call options. Both options expire…
NEW YORK — The city of New York is launching a digital assets advisory council to bring fintech jobs into the Big Apple, Mayor Eric Adams announced Tuesday. New York City is “open for business, he said at the start of a summit hosted at the mayor’s official residence, Gracie Mansion. The council will be composed of individuals from the industry, with a chair to be announced in the coming weeks. “We want to use technology of tomorrow to better serve New Yorkers today,” Adams said in his opening remarks. “We have experts right here, and they are going to…
Leading global crypto exchange LBank has suspended registration for new users from the UAE and also limited its services for existing customers in the region. This move is due to ongoing regulatory adjustments as LBank works to secure a key operational license from Dubai’s authorities. LBank Seeks Dubai VARA License, Temporarily Adjusts UAE Crypto Services In its latest public notice, the cryptocurrency exchange notified the public that it is processing the acquisition of the Virtual Asset Service Provider (VASP) license under the Dubai Virtual Assets Regulatory Authority (VARA). LBank stated that this licensing process requires the exchange to suspend certain…
Ethereum is showing renewed strength as both technical and on-chain indicators align for a potential breakout. One big reason for this optimism is the jump in Ethereum’s Realized Cap since the Pectra upgrade went live earlier this month; this key metric surged by $3.8 billion. Data from Glassnode (also highlighted on their X account) shows the Realized Cap rose from $240.8 billion on May 7 to $244.6 billion by May 19, a notable 1.6% increase. Importantly, this rise also breaks a three-month downtrend that began in February. Such a shift in market momentum often indicates fresh capital is flowing back…