Author: NBTC
A report from CoinGecko Research brought forth facts highlighting the rising interest in the U.S. for Real World Assets (RWA) crypto. RWA assets are tokenized versions of assets traditionally outside the blockchain world (like real estate) offering transparency with better liquidity. According to the CoinGecko report, institutions and investors in the U.S. have shown the most interest in RWA crypto, accounting for 14% of the total global interest. Indonesia then Türkiye slotted second and third, representing 10.1% and 8.0% of global interest respectively, with retail interest in both these nations aligned to the entire RWA crypto as a whole rather…
Blockdaemon forecasts there will be significant progress in the US crypto regulatory environment by 2025. Sam Kim, Head of Legal & Compliance at Blockdaemon, has also predicted Senate passage of the FIT21 bill, with bipartisan support and eventual signing by the incoming president. Blockdaemon’s report highlighted two regulatory policies in the legislative process, including the Staff Accounting Bulletin No. 121 (SAB 121) and the 21st Century Financial Innovation and Technology Act (FIT21). The FIT21 Act, passed by the House in May 2024, awaits further action, while efforts are focused on repealing SAB 121. The FIT21 Act establishes clear guidelines for…
Crypto.com has seen spot trading volume soar to $134 billion in September from $34 billion in July – The Block. A report by Citigroup attributed crypto.com’s dominance partly due to the crypto ETFs. Digital asset trading on Crypto.com has exploded this year, pushing the crypto exchange’s volumes in North America well ahead of Coinbase (COIN). Crypto.com’s monthly spot trading volume soared to $134 billion in September from $34 billion in July, according to data from The Block. Overall trading volumes on North American crypto exchanges was $183 billion in September, in which Coinbase handled $46 billion. Crypto.com first overtook Coinbase…
As Bitcoin, the world’s largest digital asset, continues fluctuating in price, the impact has been quite resounding. Digital asset performance has affected the crypto market and investors, as well as the outlook on Google Search trends. Bitcoin price instability and profitability outlook Since attaining its all-time high of $73,800 before the Bitcoin halving event in April, BTC has not retested these levels. Bitcoin’s price instability has been fueled by several factors over the past months. These include the German authorities’ sales of BTC and Mt Gox redistribution, which further crashed the price. As per data, in the last seven days,…
In 2024, the Cardano (ADA) ecosystem has seen remarkable growth in its smart contract capabilities, with Plutus V2 contracts taking center stage. At the start of the year on January 1, there were 8,083 Plutus V2 scripts. Fast forward to September 18, and that number has skyrocketed to 80,437—an increase of 72,354 contracts. While the growth of Plutus V2 has been headline-grabbing, Plutus V1 scripts also saw steady development. Starting the year with 6,296 contracts, the number of V1 scripts reached 6,711 by mid-September, marking an additional 415 scripts. Although more modest, this increase reflects the enduring role of earlier…
Singapore has consistently positioned itself as a forward-thinking jurisdiction, balancing innovation with robust regulatory oversight. As a fellow Singaporean, I am very proud of its future planning. The Monetary Authority of Singapore (MAS) is seeking submissions for the Consultation Paper on the proposed regulatory approach for Digital Token Service Providers (DTSPs) under the Financial Services and Markets Act 2022. Instead of replying to the submission directly, I will try to share my point of view openly here, offering insights, potential plans, and timelines for implementation. Before I start, I am sharing this in my personal capacity: I do not represent…
OKX, a cryptocurrency exchange and onchain technology company, announced today that it has selected Standard Chartered as a third-party crypto custodian for its global institutional business. Standard Chartered provides cross-border financial services connecting various markets worldwide. The agreement adds to OKX’s services for institutional clients, which include advanced trading tools, risk management resources, and secure custody options. OKX plans to leverage Standard Chartered’s global banking experience and risk management practices to expand its custody offerings for institutional investors. “We are committed to offering custodial services that meet the highest standards of safety and compliance,” Standard Chartered Global Head of Financing…
Bitcoin (BTC) has been on a severe downward trend for the past few months, experiencing multiple price fluctuations amidst broader market volatility. A crypto analyst has predicted that Bitcoin could witness an even steeper drop to $50,000 if its price does not hold this key support level. Bitcoin Risks $50,000 Drop If Support Fails Elja Boom, a crypto analyst took to X (formerly Twitter) on September 5 to discuss the current price trends and market movements of Bitcoin. Boom shared a price chart offering key insights into Bitcoin’s future outlook, indicating that the cryptocurrency’s short term uptrend has likely ended.…
Among today’s news, there is the new entry of the Cardano Foundation into Intersect, a member-based organization that supports the distributed governance of the Cardano blockchain. This move aims to mark a significant milestone for the decentralized future of Charles Hoskinson’s network, promoting community-driven governance. Cardano Blockchain News: the entry of the Foundation at Intersect and community governance Cardano Blockchain News: the future of decentralization in community governance The launch of Kinka Gold (XNK): the token guaranteed by gold Cardano Blockchain News: the entry of the Foundation at Intersect and community governance The Fondazione Cardano has announced its membership in…
Politicians in Austria and Georgia did not put a particular focus on crypto to sway voters in their elections, unlike the emphasis seen in Japan. Georgia saw its ruling party the Georgian Dream Party get the most votes, and Austria’s far right Freedom party won in that nation’s parliamentary election. In many other countries around the world, political parties chose to make their approach to crypto clear before elections commenced. Political leaders in Austria, like other European Union nations, did not tap into the global crypto policy debate to sway voters during its recent election. In the run up to…