Author: NBTC

While the Swiss National Bank (SNB) is steamrolling with its experiments on a central bank digital currency (CBDC), the latest reports indicate that the banking regulator will adopt a cautious approach in rolling out SNB Bills. In an economic note, the central bank stated that rolling out digital SNB Bills to be settled in wholesale CBDCs has indicated early promise for participants. However, the paper notes that including the process in monetary policy may open a whole new can of worms for the SNB and other financial institutions in the country. The study involving digital SNB Bills forms part of…

Toncoin (TON) whales are coming back to life, as showcased by the actual trend in 24-hour volume. Per data measured by IntoTheBlock, the total large transaction volume registered on Toncoin in the past 24 hours is up 90.78%. This metric skyrocketed despite the dropdown in a similar trend for its core rivals in the top 10 most capitalized coins. Toncoin whales: True picture According to IntoTheBlock data, Toncoin whales have registered a total of $7.94 billion over the past 24 hours. By comparison, the bigger Ethereum chain has seen a similar metric drop by more than 10%, with a volume…

Reserve Bank of Australia (RBA) Governor Michele Bullock recently delivered a blunt critique of crypto, stating digital assets like Bitcoin hold no role in Australia’s economy. “Don’t call it an alternative currency,” Bullock said at the Australian Securities and Investments Commission (ASIC) annual forum on Thursday. “It’s not a currency, it’s not money; it’s being used as some sort of asset class. I don’t really see a role for it in the Australian economy or payments system.” The governor’s comments come as the world’s largest crypto rallied to nearly $100,000 last week, driven partly by Donald Trump’s re-election and a…

Shawn Oroogle, a member of the World Economic Forum, recently raised questions about rumors suggesting a potential announcement regarding an alliance between XRP, Hedera (HBAR), and Goldman Sachs. While Shawn acknowledged that it was just a rumor and stated that he was “gathering more evidence,” he did not provide any concrete reasons to speculate. However, his tweet has sparked interest in the crypto community, especially among the XRP Army. Many have expressed excitement that something “big” could be on the horizon for XRP. To fuel speculation, some have pointed to a past conversation between Ripple CEO Brad Garlinghouse and Hedera…

The price of Bitcoin is on track to at least double if the current breakout proves to be genuine, according to a new analysis by Ecoinometrics. Bitcoin battled bearish momentum on Wednesday, which saw its price tank to $65,188 after trading at a three-month high of $69,500 on Monday. Meanwhile, a recovery is already in progress. Bitcoin has posted a mild 0.3% gain today, trading at $67,132. While opinions vary on whether Bitcoin will surpass $70,000 or drop below $60,000, Ecoinometrics has provided a bold analysis suggesting that Bitcoin’s price must at least double in the next 12 months. Why…

Residents can now use cryptocurrency to legally purchase real estate in South Africa in a first-of-its-kind offering. Real Estate Purchases Made Easy With Crypto Schindlers Digital Assets along with Schindlers Attorneys and Broll Auctions and Sales have developed the first legally-compliant process for crypto holders in South Africa to buy real estate with bitcoin or ethereum. As a financial services provider, Schindlers Digital Assets offers crypto conversion services that adhere to financial regulation for crypto holders in South Africa. This partnership has allowed Schindlers to expand its crypto offering by enabling buyers invest in real estate with confidence using digital…

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits. These large holders, who heavily influence price trends, are closely eyeing assets with strong growth potential. By analyzing on-chain data, BeInCrypto identifies the altcoins that crypto whales are buying this month, offering valuable insights for retail investors looking to follow the “smart money” in the crypto market. Maker (MKR) MKR, the Maker Protocol’s governance token, tops this list of tokens that crypto whales are buying for potential gains in November. According to IntoTheBlock, the large holders’ netflow,…

Co-founder and CEO of Robinhood, Vlad Tenev, commented on Britain’s hawkish approach to crypto, especially when compared to gambling. In an interview with the Times, Tenev expressed his desire to expand Robinhood’s business into the UK, highlighting its potential to become a “financial home in the UK market.” Robinhood first began offering shares to the UK market last year. The crypto-focused financial firm opened its margin trading last month, giving customers the opportunity to place even bigger bets by taking out loans from the firm. “It’s pretty clear that [British] customers love the product, and they’re looking to bring all…

Founder and CEO of on-chain data aggregator CryptoQuant has shared several key reasons why he expects that in six years, the initial vision that Satoshi Nakamoto had for Bitcoin is likely to finally come true. “Bitcoin likely to become “currency” by 2030″ Ki Young Ju, the founder and chief executive officer at CryptoQuant, addressed the Bitcoin community to share his expectations regarding Bitcoin’s prospects as a currency (as opposed to a store-of-value). He believes that the flagship crypto is likely to be used as an actual currency in six years already and shared several big reasons for that. First of…

Options tied to Defiance’s 2X long MicroStrategy ETF (MSTX) exhibit extreme bullish positioning. The leveraged ETF is designed to two times or 200% of the daily performance of MSTR’s share price. The crypto market right now is like a roller coaster racing ahead and then adding a few extra loops for good measure, pushing the thrill and risk to new heights. With bitcoin (BTC) on the run toward the $100,000 mark, traders are using options tied to an already leveraged 2x long exchange-traded fund (ETF) tied to bitcoin holder MicroStrategy’s share price to amplify gains. The Defiance Daily Target 2X…