Author: NBTC

Stablecoins could capture 5%-10% share of the global money supply over the next decade, Circle CEO Jeremy Allaire said. Next year will be pivotal for stablecoin regulations, Allaire said, anticipating many countries in the G20 group and emerging markets having laws in place by the end of 2025. The stablecoin market could grow to a $5-$10 trillion market in ten years as digital money adoption grows and increasingly becomes part of the global financial system, Jeremy Allaire, CEO of Circle, the company behind the USDC (USDC) and EURC cryptocurrencies, said in an interview with CoinDesk. Allaire said that he envisions…

In recent times, Polygon (POL), the most popular layer two scaling solution for Ethereum, has seen a significant increase in its relevance and usage. Thanks to its ability to offer cheaper and faster transactions compared to the main Ethereum network, Polygon is attracting more and more attention from developers, investors, and users in the cryptocurrency world. With Ethereum gas fees continuing to remain high, Polygon presents itself as an ideal alternative, providing a more efficient infrastructure for building and running decentralized applications (dApp). The impact of high Ethereum fees benefits Polygon (POL) Investor confidence and the increase in the price…

One of the legends of the NBA world, Scottie Pippen, has returned to his recently published X post about Satoshi Nakamoto giving him a bullish Bitcoin price prediction…in his dream. Back then, this posting triggered a vast reaction from the cryptocurrency community, which was a mix of negative and enthusiastic comments. Now, Pippen has extended that to Bitcoin bull Michael Saylor and the ultra-bullish BTC price forecast he made on CNBC yesterday. Michael Saylor’s Bitcoin talk on CNBC On Monday, co-founder of MicroStrategy and its executive chairman Michael Saylor paid a visit to CNBC’s Squawk Box show where the hosts…

MicroStrategy’s stock price popped 6% on Thursday to above $230, touching a nearly 25-year high as a six-week rally for the world’s largest corporate holder of Bitcoin continued. Less than two months ago, MicroStrategy shares were valued at $118, trending lower as Bitcoin hovered around $56,000 on Sept. 6. While the digital asset’s price has climbed 20% since then to $67,600, MicroStrategy’s share price has surged by comparison, nearly doubling over that period of time. Shedding its label as an enterprise software firm, MicroStrategy has positioned itself as a Bitcoin development company. Earlier this month, MicroStrategy co-founder and Executive Chairman…

A major feature of the current cryptocurrency market cycle has been the repeated success of investors seeking to take advantage of temporarily viral memes to turn hundreds of dollars into thousands if not millions. The latest such success was achieved by a trader who purchased the new Moo Deng (MOODENG) meme coin on September 10 for 6 Solana (SOL) – worth approximately $800 at the time – per data gathered by Finbold from blockchain intelligence platform Arkham on September 23. The trade quickly exploded in value, as did the virality of the meme on which it was based. By September…

Will Congress fix crypto regulation before it’s too late? Behnam says the lack of legal clarity leaves the CFTC “handcuffed” as the crypto market continues to evolve. Table of Contents CFTC is “handcuffed” The unfinished business of crypto regulation Growing chaos of election betting Betting markets thrive despite legal scrutiny and criticism CFTC is “handcuffed” U.S. Commodity Futures Trading Commission Chair Rostin Behnam is raising concerns, and it’s not just about the growing complexity of the crypto market. Behnam, a longtime advocate for clearer rules in the digital asset space, is now urging Congress to address two critical issues: crypto…

Bluesky, the social media platform that has seen surging growth following Elon Musk’s takeover of Twitter, raised $15 million in a funding round led by a crypto-focused venture capital firm, the company announced Thursday. But that doesn’t mean the social media network plans to embrace digital assets. The Series A funding round was led by Blockchain Capital, a venture firm that has invested in OpenSea, Kraken, and Coinbase. Several other crypto-related venture firms—including SevenX, True Ventures and Alumni Ventures—participated in the funding round, as well. Nonetheless, the social media startup vowed that it would not “hyperfinancialize” the Bluesky “social experience”…

A crucial metric reveals that Solana (SOL) is asserting itself in the world of altcoins. Within the past 12 months, SOL has registered an astronomical growth rate as it takes on Ethereum (ETH), the second-largest cryptocurrency. What’s driving Solana’s accelerated growth? In a post on X, Kate Young-Ju, an altcoin data analyst, shared a significant chart that supports this trend. A careful observation of the SOL-ETH market capitalization ratio shows it has steadily climbed since about October 2023. Within the period under review, Solana has more than tripled its growth rate compared to Ethereum. Young-Ju’s chart suggests that Ethereum is…

Promoting Omegapro, a pyramid scheme that raised over $3 billion from over 3 million customers, might make a group of European football stars face legal action. Hundreds of users affected would be preparing to sue these individuals, alleging that they trusted the company, which offered yields of over 300%, due to the endorsements of these players. Ronaldinho, Vinicius, and Others Football Starts to Be Sued for Promoting Billionaire Pyramid Scheme Omegapro A group of football stars are about to face legal actions from users scammed in a billionaire pyramid scheme operation. According to Spanish sources, promoting Omegapro, a pyramid scheme…

River has introduced a new product that provides users with interest on cash deposits, which can be paid in USD or BTC. The “Bitcoin Interest on Cash” feature pays a variable rate of interest, which currently stands at 3.8% as of Oct. 22. River’s aim is to give bitcoin users the best of both worlds between maintaining a cash buffer of savings to meet expenses as they arise, while also earning BTC. Bitcoin financial services company River Financial has introduced a new product that provides users with interest on cash deposits, which can be paid in BTC or USD. The…