Author: NBTC

During the US presidential campaign, Bitcoin (BTC) took an unusually large public spotlight. While former President Trump even appeared at the Bitcoin 2024 conference, promising to fire Gary Gensler and make America “the Bitcoin superpower,” no such commitments were made from VP Kamala Harris. On the contrary, Harris hinted at taxing unrealized capital gains, an unprecedented move that received widely negative backlash. As the campaign set this contrast in tone, Bitcoin price went up 11% over the last 30 days, nearly revisiting its March all-time high of $73.7k on Tuesday, now priced at $72k. In the scenario of a Trump…

Ahead of the issuance of Ripple’s U.S.-dollar pegged stablecoin, the company has revealed some notable trends in the industry. The stablecoin’s design combines blockchain technology’s benefits with trust in traditional currencies. Given their fast adoption globally, Ripple appears ready to leverage the growing trends in stablecoin usage. The company believes stablecoins have the potential to reshape the world’s finances and has highlighted some crucial trends. Is stablecoin gaining acceptance? For context, stablecoins are digital currencies pegged to a fiat currency like the U.S. dollar (USD). This aims to eliminate some people’s fears about price volatility. Stablecoins have gained traction as…

The crypto market has continued to flourish over the past year with its total capitalization hovering around the $2.5 trillion mark. This surge is rooted in a variety of developments that have permeated the industry.—One of the projects helming this transformation has been Metis, a Layer 2 (L2) built atop the Ethereum network, combining cutting-edge technologies like Optimistic Rollup and decentralized sequencers with robust off-chain storage solutions. What sets Metis apart from other Layer 2 solutions is its unique architectural design that eliminates single points of failure – a critical vulnerability that has affected other major platforms. Unlike systems where…

Morgan Stanley reported 2.1% exposure to BlackRock’s spot Bitcoin (BTC) exchange-traded fund (ETF) IBIT in its Institutional Fund. In a Sept. 4 filing to the US Securities and Exchange Commission (SEC), the asset manager reported over $10 million in net assets, which represents roughly $211,000 in IBIT’s shares. Additionally, Morgan Stanley’s fund also reported a 4% allocation to MicroStrategy, which holds 226,500 BTC in its treasury. Both IBIT and MicroStrategy investments are part of the ten largest holdings of the fund. The Institutional Fund is one of the portfolios managed by Morgan Stanley’s Counterpoint Global. According to its website, Counterpoint…

Digital asset investment firm Algoz has announced a strategic collaboration with regulated market maker and top over-the-counter desk Wincent. Algoz shared details of the new partnership via a press release sent to crypto.news on Oct. 30. This announcement follows Algoz’s recent collaboration with Standard Chartered-backed Zodia Custody. According to the announcement, Algoz will leverage its partnership with Wincent to facilitate the onboarding of new investors. Through this collaboration, investors such as family offices seeking to enter the crypto market via Algoz will not need to convert fiat currencies to crypto beforehand, as is typical across many providers in the industry.…

In a significant enhancement to its user-friendly offerings, OKX, a leading cryptocurrency exchange, has announced that its OKX Mini Wallet now supports decentralized application (DApp) interactions directly within Telegram. This integration, effective from October 29, allows users to perform various actions, including transaction signing, seamlessly within the popular messaging platform. The wallet is currently compatible with EVM-compatible chains, Telegram’s The Open Network (TON), Solana (SOL), and Sui (SUI), broadening the scope of blockchain interactions available to users. Introduction to OKX Mini Wallet’s New Feature What is OKX Mini Wallet? OKX Mini Wallet is a lightweight, easy-to-use cryptocurrency wallet designed to…

Michael Saylor, MicroStrategy’s cofounder and chairman, has once again ignited the crypto community with a bold Bitcoin statement. In an X post, Saylor simply wrote: “Catch the Bitcoin Wave.” Saylor’s post comes at a time when the cryptocurrency market is experiencing lackluster price movement. Catch the #Bitcoin Wave. pic.twitter.com/AnKIZnIl4G — Michael Saylor⚡️ (@saylor) September 5, 2024 Bitcoin’s price action has stagnated, and investor sentiment has been apathetic for the last six months. According to Glassnode, a significant shift has occurred in the last three months, with downward pressure intensifying and forcing the market to see its steepest drop of the…

Microsoft (NYSE: MSFT) shareholders began voting on a significant proposal on Wednesday, October 30, considering whether the tech giant should invest in Bitcoin as part of its treasury strategy. The board has recommended against the proposal, suggesting that it could disrupt the company’s carefully balanced investment strategy. Nevertheless, Bitcoin advocates within the company see it as an opportunity to follow in the footsteps of MicroStrategy. The MSTR stock recently hit a 25-year stock high, partly attributed to its substantial BTC holdings, which has also influenced MSFT shareholders to an extent. The Microsoft stock gained significantly in the market trading session…

The fintech landscape has welcomed a groundbreaking development with the launch of the first euro-backed stablecoin on the Noble blockchain in the Cosmos ecosystem. This initiative promises to revolutionize on-chain euro transactions by offering instant transfers and regulatory compliance. Monerium’s foray into the Cosmos ecosystem is marked by strict adherence to EU’s MiCA regulations, providing users with unprecedented trust and efficiency. Discover how Monerium’s new euro-backed stablecoin on the Noble blockchain is set to transform the Cosmos ecosystem with instantaneous euro transfers and regulatory compliance. Introduction of EURe: A Milestone in the Cosmos Ecosystem The recent introduction of the EURe…

In a groundbreaking development for the financial and blockchain sectors, the Nairobi Securities Exchange (NSE) has officially joined the Hedera Council. Announced on Hedera’s official blog, this partnership marks the NSE as the 32nd Council member, signaling a significant step towards the widespread adoption of tokenized securities. Leveraging Hedera’s advanced technology, the NSE aims to collaborate with global organizations to launch digital assets and tokenized securities, revolutionizing the traditional securities market. Introduction to the Partnership Who is Hedera and the Nairobi Securities Exchange? Hedera is a leading public distributed ledger platform known for its high performance, security, and scalability, powered…