Author: NBTC
Banks in North America, Europe and Asia are going to take part in digital asset trials led by the Society for Worldwide Interbank Financial Telecommunication (SWIFT). SWIFT announced on October 3 that it will begin digital asset trials on its network in 2025. The trials will involve experiments with transactions involving multiple digital currencies and assets. The trials aim to explore how the banking network can provide financial institutions with unified access to multiple digital asset classes and currencies. Initial use cases will focus on payments, foreign exchange, securities and trading to enable multi-ledger delivery-versus-payment and payment-versus-payment transactions. In its…
Following the key interest rate cut announced by the US Fed Reserve last week, the Chinese Central Bank’s (PBOC) governor made an announcement about similar steps to be taken by China. Many crypto influencers and financial experts on the X social media platform (famous as Twitter until 2023) now believe that this Chinese rate cut is likely to confirm Bitcoin bullish curve in the near future and fuel its further growth. China confirms interest rate slash, will this benefit Bitcoin? Today, the head of the Bank of China Pan Gongsheng stated that PBOC will cut the 7-day repo rate by…
The price of Ethereum (ETH) has fallen below its moving average lines after rejecting the $2,800 resistance level. Price analysis by Coinidol.com. Since August 4, buyers have been working together to keep the bullish momentum above the moving average lines and resistance at $2,800, as reported by Coinidol.com. A break above the $2,800 resistance level will catapult the altcoin to a high of $3,400. Ethereum price long-term analysis: bearish Today, the price of Ether has fallen to its range between $2,200 and $2,800. The largest altcoin has fallen and found support above the critical support level of $2,300. Ether is…
The total Money supply in the United States, the Eurozone, Japan, and China has for the first time in history reached $89.7 trillion, having skyrocketed by a whopping $7.3 trillion over the past year. According to the economics outlet Kobeissi Letter on the microblogging platform X (formerly known as Twitter), the rise in global money supply was the largest in three years and was similar to the jump seen in the initial pandemic response in the first half of 2020. Per the outlet in the United States alone, the amount of money in circulation surged $410 billion year-over-yar to $21.2…
Ripple XRP whales accumulate significantly, signaling long-term confidence. Whale transactions boost XRP demand, reducing selling pressure. Amid a previously bearish market, whales appear unconcerned as they continue to accumulate XRP, considering the price dip as a discount and an opportunity to acquire more. According to recent findings, Ripple XRP whales have been withdrawing coins from exchanges at an unusually high rate throughout the token’s price collapse, prior to the recent market recovery. Whales Signal Confidence as XRP Accumulation Rises Amid Price Drops These trades took place as XRP’s price dropped to local lows, falling below $0.5. Santiment data shows that…
com achieved PCI DSS v4.0 certification on October 3, 2024. This certification enhances flexibility in addressing evolving security threats. com remains committed to privacy, security, and compliance leadership. Crypto.com has marked a significant milestone by becoming one of the first cryptocurrency platforms to achieve the Payment Card Industry Data Security Standard (PCI DSS) v4.0 certification according to an announcement made on October 3, 2024. This certification is a testament to the company’s commitment to upholding the highest security and data privacy standards. The upgrade to PCI DSS v4.0, which retains the core 12 security requirements while integrating new technologies and…
According to on-chain data, a long-dormant Bitcoin whale has come back to life, moving a massive stash of BTC that has remained untouched for over a decade. Whale Alert states, “A dormant address containing 81 BTC worth $5,189,542 was activated after 10.9 years worth $44,707 in 2013.” 💤 A dormant address containing 81 #BTC (5,189,542 USD) has just been activated after 10.9 years (worth 44,707 USD in 2013)!https://t.co/0QTLIfzk6K — Whale Alert (@whale_alert) September 23, 2024 The BTC holder who has held onto their Bitcoin stash since 2013 has reportedly seen gains of 11,507% in their Bitcoin holdings. Back in 2013,…
With Japan’s new prime minister in place, a new digital minister (“Minister for Digital Transformation”) will also be taking over, known by supporters for his advocacy of AI and web3 development. Masaaki Taira is also looked to with desperate hope for lowering Japan’s crypto tax rates. Japanese X is currently abuzz with talk of tax cuts and crypto optimism. This is due to the newly announced appointment of politician Masaaki Taira as digital minister (official English title: “Minister for Digital Transformation”), who was tapped by just-elected Japanese PM Shigeru Ishiba. Taira is a Liberal Democratic Party (LDP) figure involved in…
Polkadot (DOT) only saw $1M of its treasury spent in July, after backers noticed overspending on marketing. At this rate, Polkadot may run out of treasury reserves in the next two years. Polkadot (DOT) decreased the outflows of its treasury, after receiving criticism of misspending its marketing budget. The Polkadot treasury has been in the red for the past 12 months, with the most significant outflows in April and May 2024. Some of the outflows are in support of Polkadot’s marketing budget. The last month saw more than $1M in net outflows, following months with more than $3M in net…
A US citizen has filed a lawsuit over losing $2.1 million in Bitcoin tokens due to what he believes to be a pig butchering scam orchestrated by a crime syndicate in Southeast Asia. According to a release on Oct. 3, Hector Gustav Gutierrez has filed a lawsuit against Yan Shi Zhang, also known as “1” in the District Court of California over an alleged “pig butchering” scam which cost him 33 Bitcoin(BTC), approximately $2.1 million USD. Attorney Kiley Grombacher, the lawyer representing Gutierrez, explained that his client was roped into a pig butchering scam involving fraudulent crypto investments operated from…