Author: NBTC

The Economic Secretary to the Treasury said at the Tokenization Summit that the UK government is continuing to press on with the integration of traditional finance and crypto assets Tulip Siddiq, the Economic Secretary to the Treasury talked about distributed ledger technology (DLT) in her keynote address. She said DLT is part of a wider strategy to ensure the UK retains its place as a leading world financial center. Furthermore, the Bank of England and the Financial Conduct Authority launched the Digital Securities Sandbox in September as part of their strategy. Tulip shared that “The Digital Securities Sandbox is a…

Coinbase will halt rewards for USD Coin (USDC) holders located in the European Economic Area (EEA) on Dec. 1 due to the upcoming Markets in Crypto-Assets (MiCA) regulation, according to an email sent to customers on Nov. 28. The exchange said the move is a result of the new requirements for e-money tokens, which is how stablecoins are labeled under MiCA. Users will continue accruing yield with their USDC balances until Nov. 30, with the value paid within the first 10 business days of December. Coinbase’s USDC rewards program is available in over 100 jurisdictions. It generates daily yields over…

On Thursday, Bitcoin (BTC) network miners saw their total revenue surge to a two-month high. Notably, this uptick coincided with a remarkable day of HODLing, as miners refrained from selling their holdings for the first time in the past month. As Bitcoin approaches its all-time high of $73,764, the decline in miner sell-offs indicates a bullish trend. This suggests that this milestone could be within reach in the near term. Bitcoin Miners Hold Still Yesterday, the miner revenue on the Bitcoin network totaled 552 BTC, valued above $37 million at current market prices. Per Glassnode’s data, this marked its highest…

RD Innotech, a participant in the Hong Kong Monetary Authority’s Stablecoin Issuer Sandbox, is set to launch the Hong Kong Dollar stablecoin (HKDR) on the Ethereum blockchain. This initiative aims to enhance digital finance in Hong Kong by providing a stable digital currency pegged 1:1 to the Hong Kong dollar. RD InnoTech, a member of the Hong Kong Monetary Authority (HKMA) Stablecoin Issuer Sandbox, plans to issue the first Hong Kong dollar stablecoin HKDR on Ethereum, and plans to officially list the stablecoin HKDR on HashKey Exchange, Hong Kong’s largest compliance exchange.… — Wu Blockchain (@WuBlockchain) October 28, 2024 Official…

Former Ripple director Sean McBride has fueled speculation about Ripple CEO Brad Garlinghouse potentially being tapped for a crypto-focused role in Donald Trump’s White House. The position, rumored to be the first of its kind, would signify the administration’s increasing interest in regulating and fostering innovation in the crypto industry. Ripple CEO Brad Garlinghouse to Take on White House Role McBride shared his insights on X (formerly Twitter), responding to questions about the potential appointment. “There is a real and growing possibility Brad Garlinghouse will be chosen as Trump’s new Crypto Czar,” the ex-Ripple exec wrote. The statement has sparked…

Bitwise CIO Matt Hougan predicts that Bitcoin will reach six-figure prices as several key factors are lining up, including growing whale accumulation and reduced Bitcoin supply post-halving. Bitcoin whales purchased a staggering 60,000 BTC within 24 hours. According to crypto analyst Quinten Francois, this is an unusually high volume of buying activity for large investors. Never in the history of #Bitcoin have whales been buying $BTC this aggressive pic.twitter.com/2DIw33c3HW — Quinten | 048.eth (@QuintenFrancois) October 18, 2024 Experts interpret the aggressive buying spree as a sign of renewed confidence by whales in Bitcoin’s price potential. Whales typically buy large quantities…

As the cryptocurrency market changes, certain assets show strong potential. Investors seek cryptocurrencies that might outperform the market, and VeChain (VET), Solana (SOL), Worldcoin (WLD), Internet Computer (ICP), Jupiter (JUP), Jito (JTO), ORDI, and Stacks (STX) generate considerable interest. VeChain: Steady with Long-Term Potential VeChain currently trades at approximately $0.0219, experiencing a slight decrease of 0.05% in the last 24 hours. Despite this minor dip, VET holds a 24-hour trading volume of about $25.16 million. The platform’s focus on supply chain and logistics solutions makes it a strong contender. Its partnerships with major corporations demonstrate a commitment to real-world applications.…

This is a segment from the Forward Guidance newsletter. As the so-called lame duck session of Congress (the period between Election Day and the end of the Congressional term) rages on, here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress: Judicial nominations A top priority for Senate Democrats has been getting as many of President Biden’s judicial nominations approved before the party loses its majority. Democrats and Republicans have reportedly come to an agreement to consider seven district court judges after the Thanksgiving recess, with an additional six being placed on…

As Bitcoin (BTC) approaches the $70,000 resistance level, a crypto analyst has highlighted chart patterns that suggest BTC could reach a peak between $140,000 and $160,000 during this cycle. Notably, an analysis by TradingShot leverages the so-called “Angle Theory,” previously covered by Finbold. This theory, based on the logarithmic growth curve, provides a clear roadmap for BTC’s next major price milestone, projecting a peak by late 2025. Historically, Bitcoin’s price has followed well-defined cyclical patterns, supporting this forecastDespite growing optimism, prominent analysts present a more cautious outlook. Ali Martinez believes BTC is nearing the limits of its current rally, while…

It’s striking how Solana’s quick transaction times and technology have won over so many users and investors. Let’s break down the Solana supply and its influence on the market. In the ever-changing world of crypto, Solana (SOL) stands out for its impressive capabilities. With rapid transaction speeds and affordable fees, it’s becoming a favorite among users and investors alike. But what about its coin supply? How many Solana coins are there, and how do they affect the market? Let’s take a closer look. Table of Contents Introduction to Solana Circulating supply of Solana coins Maximum supply of Solana coins Solana’s…