Author: NBTC
In a speech delivered today at the U.S. Monetary Policy Forum in New York City, Federal Reserve Chair Jerome Powell emphasized the central bank’s cautious approach amid prevailing economic uncertainties. Powell reiterated the Federal Reserve’s readiness to maintain current interest rates, adopting a “wait and see” stance as it monitors the impacts of recent policy changes and economic indicators. “We do not need to be in a hurry, and are well positioned to wait for greater clarity,” he said. Powell highlighted the robustness of the U.S. labor market, noting that employers added 151,000 jobs in February, bringing the average monthly…
Despite favorable odds for approval, the debut of exchange-traded funds based on the price of Solana in the U.S. is far from certain pending regulatory review, ongoing enforcement actions, and public comment on the multiple filings. A lot can change for Solana hopefuls before they potentially start trading. “Right now, the only thing that’s happened is they didn’t get a phone call telling them to go away,” Bloomberg Senior ETF Analyst Eric Balchunas told Decrypt. The SEC began weighing applications for spot Solana ETFs this week. In this case, its deadline—which the agency has brushed up against in approving other…
The initiative seeks to bring clarity to the cryptocurrency industry in Colombia, which is currently in a gray area despite growing adoption. Proponents of the project have remarked on the need to define an institution to oversee these activities and establish rules for institutions to follow. Congress Seeks to Give Legal Status to Cryptocurrency Assets In Colombia Colombia is, once again, seeking to give legal status to actors in the cryptocurrency industry. According to local media, a new cryptocurrency bill has been introduced to the Colombian Congress, seeking to establish clear rules regarding the action of Virtual Asset Service Providers…
Bitcoin (BTC), the leading digital currency, has shocked the broader cryptocurrency market with its price trajectory. Massive movements on the network have impacted prices in the last couple of hours, which might see the coin reclaim $100,000. Massive market movement fueling Bitcoin rally According to CoinMarketCap data, over 355,177 BTC valued at over $35 billion have hit various exchanges within 24 hours. This trading volume spiked by 17.61% to $33.55 billion within the same time frame. Notably, Binance registered a 17% trading volume spike as market participants actively bought and sold Bitcoin. Bybit and Coinbase were other exchanges with a…
Currently, Ethereum remains within $2,100 and is testing a significant level. Above $2,475, Ethereum could be driven into a strong trend again. If Ethereum crashes below $2,100 it can be tailing down further to $1,800. Ethereum continues to test the critical support level of $2,100-a price threshold that has served as a starting point for considerable surges in value in history. Currently at $2,148.4, Ethereum has further weakened its initially bullish structure after closing below the 200-week moving average. The Current Price now rests at one of those areas that traders have known as an alien zone of historical significance…
Before creating a Bitcoin reserve, the US government will have its crypto holdings audited to see how much it holds. This Thursday, President Trump directed for the establishment of a Bitcoin reserve and digital asset stockpile for the other currencies with crypto seized during legal proceedings. David Sacks believes the government has about 200000 BTC from its seizures White House Czar David Sacks insisted that a crypto audit is necessary given how they’ve never done one. According to Sacks, the government has captured over 400,000 Bitcoins in criminal and civil proceedings over the last ten years. He believes the government…
Kim Byung-hwan, Chairman of South Korea’s Financial Services Commission (FSC), announced that the government would accelerate the drafting of the second phase of the Cryptocurrency Act. This phase will include regulations on business entry and operation, as well as rules for virtual asset distribution and disclosure. South Korea’s Cryptocurrency Bill Chairman Kim made the announcement at a Democratic Party-Government meeting on ‘Virtual Asset Market Development Policy Tasks’ held at the National Assembly. He noted that global changes in the virtual asset landscape are expected to accelerate following the recent inauguration of the Trump administration in the US. “The government will…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is down -3.05% today against the US Dollar Bitcoin is currently trading 11.96% below our prediction on Feb 26, 2025 Bitcoin dropped -8.60% in the last month and is up 85.10% since 1 year ago BTC price is expected to rise by 10.12% in…
Ethereum sits at a crucial support level as demand for spot exchange-traded funds wanes on Wall Street. Ethereum (ETH), the second-biggest crypto, has stagnated at $2,100 in the past few days. This price is about 47% below the highest level in December and 45% lower than where it was in the same period last year. Data shows that Wall Street investors have continued to dump assets. According to SoSoValue, all Ethereum ETFs shed $120 million in assets last week after losing $335 million a week earlier — $455 million in total. The net inflow in these Ethereum ETFs is $2.7…
China has announced additional tariffs on Canadian imports, escalating a trade dispute. This move comes as a response to earlier Canadian tariffs on Chinese goods. The tariffs, set to take effect on March 20, 2025, will target Canadian products, including a 100% tariff on rapeseed oil, oil cakes, and peas, and a 25% tariff on aquatic products and pork. 🚨 TARIFF UPDATE 🚨China-Canada Trade Tensions Escalate, With China imposing steep tariffs on Canadian goods starting March 20, how will this affect global trade flows, inflation, and investment trends? Could this signal broader economic realignments?Comment your thoughts 👇 pic.twitter.com/QkcvyT9LxT — Coin…