Author: NBTC
The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national cryptocurrency law this month. Russian Energy Ministry Proposal Would Limit Crypto Mining Activities in Special Regions While authorities have declared the crypto mining industry relevant for Russia, their actions show that developing other essential activities has priority over these. According to TASS, the official Russian news agency, the Russian Energy Ministry has introduced a proposal that would affect the feasibility of these operations in…
At the Plan ₿ Forum in Lugano, Switzerland, Tether CEO Paolo Ardoino gave an insight into the financial reserves of Tether, disclosing that the stablecoin heavyweight holds 82,454 BTC and 48.3 tons of gold. Paolo Ardoino Clarifies Tether’s Asset Reserves Following Forum Presentation This week, tether’s market cap soared past $120 billion, making it about 3.47 times larger than its closest competitor, USDC, which sits at $34.65 billion. Ardoino spoke to the audience at the Plan ₿ Forum this weekend, an event where a statue of Satoshi Nakamoto was also unveiled. Image source: Uquid CEO Tran Hung In a particular…
Hyla Fund Management is launching a new $30 million fund focused on the Latin American crypto sector. The “funds of funds” specializes in giving investors access to other hedge funds. The Latin American crypto market is still very small, Hyla CEO Paola Origel told CoinDesk, but it’s filled with opportunity. There’s a big business opportunity for crypto funds focused on Latin America. That’s according to Paola Origel, the CEO and co-founder of Hyla Fund Management — a firm that invests in other hedge funds on behalf of its clients — with $115 million assets under management. “Many big funds like…
An SBI and UBS pilot program that uses Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has been completed. Chainlink recently announced its CCIP Private Transactions to promote the privacy of data among financial institutions. Chainlink (LINK) has announced that SBI Digital Markets & UBS Asset Management have successfully completed a pilot program using Chainlink’s industry-standard Cross-Chain Interoperability Protocol (CCIP). According to an attached release, the CCIP was used to create a digital transfer agent smart contract to facilitate cross-chain communication with the tokenized fund contract. Using the Chainlink platform and the feasibility of smart contracts, the pilot demonstrated the feasibility of streamlining…
American conservative business news outlet FOX Business confirms that Ripple CEO Brad Garlinghouse had a meeting with U.S. President-Elect Donald Trump. The business news channel confirmed the development yesterday during an interview with Garlinghouse. Recall that Garlinghouse liked an X post from Zach Rector, suggesting he met with Trump after the election. Although the Ripple CEO did not specifically confirm the meeting in a statement, his engagement with the post gave XRP enthusiasts the indication that he met with Trump. FOX Business Confirms the Meeting During an interview with Garlinghouse, FOX Business anchorwoman Liz Claman raised the matter, asking the…
Bitcoin’s recent price rally to $69,000 marked a notable shift, according to research from Glassnode and onchain analysts Ukuria OC and Cryptovizart. Bitcoin’s Rally to $69K: Glassnode’s Analysis on What’s Next for the Market The recent surge in bitcoin’s (BTC) spot price to $69,000 has brought relief to investors after months of stagnant trading, per data from the onchain market intelligence firm Glassnode. This uptick aligns with the cryptocurrency breaking through multiple technical thresholds, including the 200-day and 111-day moving averages, both critical levels historically linked to price shifts. “Net capital inflows into the Bitcoin asset have also accelerated, increasing…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. The Consumer Price Index increased 0.2% in October, bringing the annual inflation rate to 2.6% — in line with analyst estimates but still putting prices higher than where the Fed would like. So-called Core CPI, which excludes volatile food and energy prices, also came in as anticipated, rising 0.3% over the month and 3.3% annually. The CPI for the 12 months ended in September was 2.4%. This latest reading should assure investors that the Fed, as the latest dot plot had indicated, will continue on its…
The crypto market is pretty volatile, and we could see that over time through the sudden changes in many coins’ and tokens’ prices. However, users perform and adjust their investment strategy according to the latest industry updates. Crypto airdrops, especially those that pay instantly and do not require you to hold existing tokens, seem to be an excellent way to diversify their portfolio. So, if you’re a crypto holder, this article is for you as it discusses some of the best free crypto airdrops that pay instantly so you can focus on enriching your crypto portfolio with at least one…
Japan’s new minister for digital transformation (DX), Masaaki Taira, has commented on US president-elect Donald Trump’s newly-created DOGE department and selection of Elon Musk to lead it. Taira said in a recent address that Japan’s government would like to “follow up closely” and “incorporate” ideas from the initiative into the Japanese state’s operations. Masaaki Taira, the controversial government minister for Japan’s “digital transformation” (DX), thinks the newly created Department of Government Efficiency (DOGE) in the U.S. may be a source of ideas to help get the Japanese economy back on track. Taira is also the minister in charge of administrative…
In the face of global economic uncertainty, two assets have captured the attention of investors seeking refuge from inflation, Bitcoin (BTC) and gold. Traditionally, gold has been the preferred inflation hedge, yet Bitcoin, with its capped supply and potential for exponential gains, is fast emerging as a compelling alternative. However, each asset carries distinct risk and reward profiles, fueling ongoing debate over which truly serves as the ultimate inflation hedge. To bring clarity to this debate, Finbold consulted ChatGPT-4o for insights into which asset offers the strongest inflation-hedging potential in today’s complex economic landscape. In 2024, Bitcoin has risen 60%…