Author: NBTC

Circle said that it will offer USDC to businesses through integrations with leading banks. Pix in Brazil and SPEI in Mexico are payment systems established by the central bank of each country. Circle has connected its USDC stablecoin with payment systems in Brazil and Mexico for corporate customers through integrations with leading banks, the company said Tuesday. Circle said it now allows businesses to access USDC directly from local financial institutions in Brazil through PIX, a payments system created by the Central Bank of Brazil (BCB) in 2020 that has nearly 160 million users. In Mexico it is connected to…

Ethereum rose above 3% following crypto market anticipation of a 50-basis-point Fed rate cut. Ethereum looks like a potential contrarian bet for now, says Bitwise official. Ethereum could rally 17% toward $2,817 if it sustains a high volume move above $2,395. Ethereum (ETH) is up 2% on Tuesday as anticipation grows for a 50-basis-point interest rate cut by the US Federal Reserve (Fed). Meanwhile, Bitwise’s weekly memo noted that Ethereum still provides several opportunities and looks like a contrarian bet. Ethereum still presents good upside opportunity amid underperformance Ethereum rallied alongside most crypto assets in the wider cryptocurrency market in…

Hackers and fraudsters are attracted to crypto like flies to honey. This makes crypto custody a high-stakes business, as opposed to custodying traditional assets like stocks and bonds, which is considered to be a crucial but fairly straightforward job. The high stakes come with the high risk of safeguarding crypto, which in turn makes crypto custody an expensive business. According to Hadley Stern, chief commercial officer for Solana custody tool Marinade, it costs up to 10 times more to custody crypto compared to traditional assets, Bloomberg reported. According to Stern, who previously headed digital asset custody at Bank of New…

Ripple signed 1,700 NDAs with financial institutions, facilitating XRP transfers to contractual counterparties in various commercial transactions. XRP has bucked the trend to start the new week with a 4% gain, while Bitcoin and Ethereum dipped over 2.5% each as the markets soured. Ripple has been working with hundreds of financial institutions globally to advance XRP adoption in the payments space. Over the weekend, the XRP Army dug up court transcripts from the recently concluded lawsuit against the SEC, which revealed that the company had signed over 1,700 NDAs with these institutions. BOOOOOOOOOOOOOOOOOOM!!!! Over 1700 NDA’s between @Ripple and MAJOR…

Given the intense political climate and the SEC’s ongoing scrutiny of cryptocurrency this year, many had hoped the SEC would ease its approach, especially with the upcoming election cycle. However, the SEC has instead intensified its actions, such as issuing a Wells notice to OpenSea. In a recent appearance on the Thinking Crypto podcast, Ron Hammond from the Blockchain Association explained that the increased activity from the SEC towards the end of the fiscal year is expected. The SEC’s aggressive stance on cryptocurrency has also turned into a political issue, according to Ron. Despite the usual opposition from Republicans, who…

Pundi X continues to advance cryptocurrency accessibility by integrating ioPay, a multi-chain wallet developed by IoTeX, into its XPOS and Pundi X Pay systems. This new integration enables ioPay users to spend or top up their crypto directly at Pundi X merchants worldwide. The move simplifies crypto transactions, allowing users to manage multiple assets and engage with decentralized finance (DeFi) applications through a single wallet. https://t.co/vY0P3jGtWn — Pundi X Labs | Token2049 🇸🇬 (@PundiXLabs) September 17, 2024 ioPay Integration with Pundi X Elevates Multi-Chain Management With ioPay now supported on Pundi X platforms, users can seamlessly manage various cryptocurrencies across…

In a significant move among major Wall Street banks, Morgan Stanley will soon allow its financial advisors to offer Bitcoin ETFs to certain clients, CNBC reports. Starting Wednesday, the firm’s 15,000 advisors can pitch BlackRock’s iShares Bitcoin Trust and Fidelity’s Wise Origin Bitcoin Fund to eligible clients. BREAKING: Morgan Stanley tells wealth advisors they can pitch #Bitcoin ETFs, CNBC reports. pic.twitter.com/2tgSeR2yEm — Bitcoin Magazine (@BitcoinMagazine) August 2, 2024 Morgan Stanley’s move is in response to high client demand for Bitcoin. However, the bank is still maintaining a cautious approach to Bitcoin: only clients with a net worth of at least…

Controversy is not a new thing for the crypto industry. Over the years, the cryptocurrency sector has been jolted by several serious controversies. Now, a post published on X by TruthLabs has triggered a fresh controversy. This is what you should know about the latest controversy. Was Ethereum Built on Stolen Bitcoin? The core of the post is the allegation regarding the origin of Ethereum. The post shares a shocking theory about Etheruem’s origin. The theory says that Ethereum was created to wash Bitcoin stolen from major platforms like Mt. Gox, Silk Road and InstaWallet. The theory places the blame…

The US Fed will slash interest rates by 50 bps to the range of 450-475 on September 18, 2024. This reduction of the interest rate would prompt investors to invest in high-risk instruments such as Bitcoin and cryptocurrencies. Expect further rate cuts till mid-2023 at a scale of 275-300 bps by May 23 by May 2025. The Federal Reserve is expected to lower the federal funds rate by 50 basis points (bps) on September 18, 2024. This shift could influence financial markets significantly. The projected reduction of the rate from its current range of 500-525 bps to 450-475 bps reflects…

XRP, the controversial Ripple-affiliated cryptocurrency, is outperforming the broader market once again. According to data provided by CoinMarketCap, XRP is up 6.16% over the past 24 hours. This makes it the second best-performing in the top 100 (behind only Aave’s AAVE token). Neo (NEO), Tron (TRX), and Sui (SUI) have also recorded impressive gains over the past 24 hours. After adding 2.3% over the past hour alone, XRP managed to reclaim the much-coveted $0.6 level. As reported by U.Today, XRP formed the golden cross pattern, meaning that the token’s short-term moving average has now crossed a long-term one. This bullish…