Author: NBTC

BRICS members explore stablecoin payments and a platform to conduct CBDC payments, aiming to enhance financial cooperation, a Russian official says. Stablecoins might become a tool for international settlements among BRICS members, as the alliance has already set up a special communication channel between central banks. In an interview with TV BRICS, Ryabkov disclosed that BRICS nations are considering the possibility of utilizing stablecoins for international settlements. While specific details were not provided regarding the use of existing products, Ryabkov mentioned ongoing discussions surrounding the creation of “BRICS Bridge,” a platform aimed at interlinking central bank digital currencies (CBDCs) in…

In Mexico’s coming election, cartel violence, corruption and migration push any chance of crypto becoming an election issue to the sidelines. Voting in Mexico will take place on June 2, with results expected between June 5 to June 8. Mexico is poised to have its biggest election ever in a few weeks, with 100 million voters choosing 628 elected officials, thousands of local officials and the president. And crypto issues will remain on the sidelines during the campaign. The future of crypto will be determined by which party and presidential candidate takes over from President Andres Manuel Lopez Obrador, who…

Bitcoin Halving was done and dusted effective last Friday. The effects could show signs eventually. The first to be affected is Ethereum. Needless to say, this is speculation amid the prevailing volatility in the crypto market. Ether is trading way below $3,200. Some analysts suggest that now could be the optimal moment to invest in ether, as it is on the verge of approaching $4,000. This is backed by technical indicators like Hourly MACD, for one, which says a bull run is coming for ETH. An early resistance zone was marked at $3,150. That has shifted to $3,280. A move…

Strategic advisor at Tether and VanEck fund manager Gabor Gurbacs has shared his take on the announced Ripple’s plan to launch a stablecoin backed by USD later this year. In his tweet, Gurbacs has shared the key reasons why Tether’s USDT is likely to continue to dominate in the stablecoin market. “There’s only one king: It’s Tether”- key reasons why Gabor Gurbacs started his tweet, saying that every blockchain company wants to launch its own stablecoin. While being all for competition in the market, Gurbacs said that he believes the only king in the stablecoin market is Tether and its…

Indonesia and Australia’s taxation authorities on Monday signed a pact in Jakarta to establish a crypto information-sharing arrangement. The purpose of this agreement, announced Tuesday, is to improve identifying assets potentially subject to taxation in either nation. It is also meant to facilitate a more efficient exchange of crypto-related data and information between the tax authorities. Further, it addresses adherence to tax responsibilities. According to Mekar Satria Utama, a director at the Indonesian Directorate General of Taxes (DGT), the MoU underscores the importance of innovation and collaboration amongst tax authorities. This approach is crucial to keep pace with the rapid…

The price surge of Bitcoin (BTC) persists as it reaches yet another milestone, hitting a staggering $72,250, marking an impressive 4.79% increase since the week’s commencement. Amid the market frenzy, where a blend of greed and fear engulfs investors, renowned trader and financial expert John Bollinger has weighed in on the cryptocurrency’s price trajectory. In a recent analysis, Bollinger observed the absence of a “failed rally” of BTC, contrary to his earlier predictions. Instead, he noted a classic pattern of BTC tracing along the upper Bollinger Band, dispelling concerns of a potential downturn. This assessment echoes his earlier sentiments, where…

The price of Ethereum (ETH) is recovering and approaching the 21-day SMA while remaining below the moving average lines. Long-term analysis of the Ethereum price: bearish Since the price dip on April 13, 2024, the bulls have bought the dips and resumed consolidation above the $2,900 support but below the 21-day SMA high or the $3,200 resistance level. As Coinidol.com analysis reports, on a positive note, Ether is retesting the 21-day SMA for the first time since the dip. The largest altcoin is capable of advancing to the high of the 50-day SMA or the high at $3,488 if it…

While there were sharp declines in Bitcoin and altcoins last week due to the tension between Iran and Israel, recoveries started this week. As BTC surpasses $66,000, CoinShares releases its weekly cryptocurrency report. Stating that cryptocurrency investment products experienced outflows totaling $206 million for the second week in a row, Coinshares said that these outflows were due to investors’ concerns about interest rate expectations. “Cryptocurrency investment products saw outflows totaling $206 million for the second week in a row as investors worried about interest rate expectations.” Ethereum (ETH) Sales Continue for the 6th Consecutive Week! When looking at crypto funds…

Binance, the world’s largest crypto exchange, recently burned over 4 billion Terra Classic (LUNC) tokens, reigniting hope in the revival plan and a potential push to $1. The burn, which occurred on April 1, represents the exchange’s commitment to bolstering the Terra Classic revival campaign. Data from Terra Finder confirms that the exchange incinerated exactly 4,175,855,418 (4.17 billion) LUNC worth $585K+ at current prices. This figure represents 50% of the fees accumulated by Binance on Terra Classic trades for the month of March, as promised by the leading exchange. Recall that Binance pledged to burn 50% of its LUNC trading…

Worldcoin executives have met with top Malaysian officials amid ongoing privacy concerns and regulatory challenges. According to a recent social media post by the Malaysia Digital Economy Corporation, the engagement highlighted the key role of MDEC’s programs, demonstrating potential collaboration opportunities including strategic expansion into Malaysia. The Deputy General Secretary of the Ministry of Digital, Malaysia Digital Economy Corporation CEO Ts. Mahadhir Aziz, and Director General of the Department of Personal Data Protection Mohd Nazri bin Kama attended the meeting. Exciting discussions today as we met with Nordstar and its impressive lineup of portfolio companies including Nothing, Airwallex, and Worldcoin.…