Author: NBTC

TL;DR EOS recorded a 16% increase in the last 24 hours, driven by the upcoming transformation of the token, which will be renamed $A on May 14. Vaulta will not only change the token’s name but will turn EOS into a Web3 ecosystem focused on digital banking. Despite the rally, EOS’s RSI indicates there’s still room for growth. The market doesn’t seem to have fully reacted to the change yet. EOS, a cryptocurrency that gained popularity after its ICO in 2018, has seen a sharp increase in value, rising 16% in the last 24 hours and reaching a price of…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. New Hampshire has won the race among US states mulling laws to allow digital assets investments and/or create reserves. How quickly should we expect a wave of others to follow suit? Headed to Arizona Gov. Katie Hobbs’ desk, as of yesterday, was a law to establish a state treasurer-run “digital assets strategic reserve fund.” But Hobbs could veto this, given that she rejected a separate bill last week to allow a state public fund to invest up to 10% in “virtual currency holdings.” She called those…

Movement Labs, which was delisted by Coinbase following allegations of manipulation and has been at the center of controversy recently, has put an end to the ongoing events. Following Coinbase’s delisting decision, Movement Labs announced that it had suspended its co-founder Rushi Manche due to the market manipulation scandal. Now, Movement Labs has announced that co-founder Rushi Manche has been terminated for inappropriate behavior. The altcoin team noted that further details regarding leadership changes and a revamped management structure will be shared in due course. “Movement Labs has removed Rushi Manche. Movement will continue under different leadership. Details regarding leadership…

The Swiss Blockchain Federation, the Crypto Valley Association, and the Bitcoin Association Switzerland have jointly published a strategic manifesto aimed at consolidating and strengthening Switzerland’s role as a global hub for blockchain and financial innovation. The document, structured in a 12-point program, analyzes in depth the current situation, highlighting strengths and weaknesses of the Swiss financial center, and proposes concrete recommendations addressed to politicians, regulatory authorities, and sector players. Switzerland: a future-oriented strategy for crypto and blockchain technology The 12 proposals for a stronger blockchain ecosystem An initiative open to collaboration Switzerland: a future-oriented strategy for crypto and blockchain technology…

In a bold new step blending education and Bitcoin innovation, Lomond School has announced the launch of the Satoshi Scholarships, a first-of-its-kind Bitcoin-powered scholarship initiative, according to a press release sent to Bitcoin Magazine. The announcement comes alongside a strategic partnership with renowned economist Dr. Saifedean Ammous to develop an Austrian economics curriculum for students. The independent co-educational day and boarding school, already known as the first in the world to accept Bitcoin for tuition, is now offering 21 two-year boarding scholarships and 21 two-year day scholarships—fully covering the school’s prestigious International Baccalaureate (IB) programme. Each scholarship is designed to…

Ethereum recently rejected from a key confluence zone, including the 0.618 Fibonacci level. With price back under the point of control, traders are watching closely for signs of a deeper move or a trap.Ethereum’s (ETH) price action has stalled at a technically significant region, the 0.618 Fibonacci retracement level, drawn from the most recent pivot high to low. This area is also reinforced by daily horizontal resistance and a descending VWAP, adding to its weight as a decision zone. After several failed attempts to push higher, ETH has now begun to roll over, trading back under the point of control…

As the institutional appetite for digital assets continues to grow, Coinbase Asset Management (Coinbase AM) has annoucned today that they’ve selected Apex Group to handle fund administration for its newly launched Coinbase Bitcoin Yield Fund (CBYF). —The partnership, announced today, will see Apex Malta provide end-to-end digital fund services for CBYF—a product designed to give institutions exposure to yield-generating strategies built on Bitcoin. The selection strengthens an ongoing alliance between the two firms and reflects a broader shift: traditional financial infrastructure is increasingly aligning with crypto-native investment vehicles. “This fund further expands global access to meet the growing demand for…

The utility of Chainlink as an Oracle chain is growing, beyond Web3. Chainlink’s developers are rolling out products to foster this decentralized interoperability. Decentralized Oracle blockchain network Chainlink continues to push forward with real-world adoption. In a recent development, Chainlink has compiled a list of over 77 ways to use the network. The list ranges from capital markets to NFTs, Supply Chain, Insurance, Gaming, Utilities, Enterprise Systems, and more. Chainlink Adoption in Capital Markets According to a recent blog post, Chainlink has extended the blockchain’s capabilities beyond token transfers to encompass many functionalities. Chainlink now assists financial institutions in their…

The U.S. Office of the Comptroller of the Currency, which regulates national banks, has continued its about-face to earlier resistance to cryptocurrency in banking, issuing interpretive letters that say the institutions can — at their customers’ behest — buy and sell crypto assets in custody. The newly explained policy stance released by the OCC on Wednesday also clarified that the bankers can outsource crypto activities to third parties, including custody and executive services. As long as it all still checks the boxes of the watchdog’s safety-and-soundness requirements, the OCC is giving the banks more crypto freedom. This week’s move follows…

Crypto exchange Gemini has hired Brad Vopni as head of institutional, the company told CoinDesk in an exclusive interview. Vopni will be responsible for overseeing and executing the firm’s institutional strategy. Gemini is already working with exchange-traded fund (ETF) providers such as VanEck, Purpose, Evolve, 7RCC, and Monochrome, the company said. “With a crypto-native platform offering a diverse set of products founded with safety, security and compliance in mind, Gemini is well positioned to serve the growing institutional community wherever they are along their crypto journey, with a focus on delivering an exemplary client experience,” Vopni said in emailed comments.…