Author: NBTC

When central bank digital currencies come up, the usual perception is either utopian control or streamlined efficiency, but David Schwartz, Ripple’s CTO and one of the longest-standing cryptographers in the industry, waded into the debate with an opinion that may flip the narrative. According to him, CBDCs are neither good nor bad; their impact depends on whether they expand freedom or eliminate it. Ripple, for its part, has been embedded in this trend for years. Pilots with Palau, Montenegro, Bhutan, Georgia and the U.K. gave the company an inside view on what central banks demand, while ex-advisor Welfare admitted those…

Urgent News: South Korea Considers Designating Crypto Financial Conglomerates A significant development is brewing in South Korea’s financial landscape that could reshape the future of digital assets. The Fair Trade Commission (FTC) is reportedly considering designating major players like Dunamu, the powerhouse behind the Upbit exchange, and Bithumb as crypto financial conglomerates. This move, if it materializes, would mark a pivotal shift in how virtual asset firms are viewed and regulated within the nation. What exactly does this mean for the burgeoning crypto market and its participants? Understanding the Designation of Crypto Financial Conglomerates Currently, South Korean law defines a…

The $SUI decentralized exchange has received quite a bit of attention with a recent trading volume of $571 million in the last 24 hours. This spike of value is representative of increasing investor interest within the $SUI ecosystem and growth in the activity level of the $SUI ecosystem. Traders and analysts are now closely watching this situation to anticipate potential market moves. The momentum of the $SUI DEX volume really reflects the liquidity of the platform and the trust of traders in exchange trading. The rapid rhythm of activity reflects how crypto market trends continue to evolve possession into a…

Microsoft today said it had signed a $9.7 billion purchase agreement for AI cloud capacity from bitcoin miner-turned-neocloud company IREN. The move marked one of the biggest commercial validations yet for the upcoming neocloud sector — referring to a group of data center firms that evolved from bitcoin mining into artificial intelligence infrastructure. Under the five-year contract, Microsoft will gain access to Nvidia GB300-based AI systems hosted in Texas. IREN, formerly known for its large-scale Bitcoin mining operations, will buy $5.8 billion worth of GPUs from Dell Technologies and expects nearly $1.9 billion in annualized revenue from the deal. The…

Ether ETH$4,026.21 hovered around $4,023 after repeated defenses of the $4,000 level, as Arkham said on Oct. 28 that BitMine withdrew about $113 million of ETH from Bitgo and was “buying the dip.” In a press release issued on Oct. 27, Bitmine Immersion Technologies (BMNR) said its crypto, cash, and “moonshots” totaled $14.2 billion, including 3,313,069 ETH, $305 million in unencumbered cash, and smaller holdings such as 192 BTC and an $88 million stake in Eightco. The company described itself as the largest ether treasury and highlighted trading liquidity — about $1.5 billion in five-day average daily dollar volume, which…

A first occurred yesterday in the US, with Solana (SOL), Litecoin (LTC) and Hedera (HBAR) ETFs starting trading on Wall Street. Canary Capital’s Canary Litecoin ETF (symbol LTCC) and Canary HBAR ETF (HBR) have launched alongside the Bitwise Solana Staking ETF (BSOL), becoming the first funds to track the spot price of Litecoin and Hedera. The Bitwise Solana Staking ETF (BSOL) becomes the first US ETP to invest 100% directly in SOL, aiming to stake all SOL shares within the company. While SOL, LTC and HBAR ETFs attracted intense interest, Bloomberg ETF analyst Eric Balchunas announced the first data on…

Brussels is eyeing a Wall Street-style playbook as it pushes for a single regulator to oversee crypto exchanges and trading platforms across the EU. Summary The European Commission plans to expand ESMA’s powers to oversee crypto exchanges, stock markets, and clearing houses under a single EU framework. A draft proposal is expected to be published in December. According to a Financial Times report, the European Commission wants to propose expanding the role of the European Securities and Markets Authority, giving it direct oversight of major cross-border entities, including stock exchanges, crypto firms, and clearing houses. A draft proposal outlining the…

Kalshi, a U.S.-based prediction market platform, has reached a huge milestone. The company reported over $4 billion in trading volume in the past 30 days, reports Whale Insider. This shows strong interest from both retail and institutional investors. The platform allows users to trade on the outcomes of real-world events. Users can buy contracts that pay out based on yes-or-no questions. Also, Kalshi’s $4 billion volume approach is different from traditional betting. It operates under CFTC regulations, providing a safe environment for trading. JUST IN: Kalshi surpasses $4,000,000,000 in volume over the past 30 days. pic.twitter.com/vzgskDf8dO — Whale Insider (@WhaleInsider)…

The Bitcoin network hashrate hit a record high in October, JPMorgan (JPM) said in a report on Monday. The monthly average network hashrate rose 5% to 1,082 exahashes per second (EH/s), the report said. The hashrate refers to the total combined computational power used to mine and process transactions on a proof-of-work blockchain, and is a proxy for competition in the industry and mining difficulty. At the end of last month, “mining difficulty was 3% higher than the end of September, and 80% higher than difficulty heading into the most recent halving,” analysts Reginald Smith and Charles Pearce wrote. The…

Ethereum price started a downside correction from $4,250. ETH is moving lower below $4,000 and might decline further if it trades below $3,920. Ethereum started a downside correction below $4,150 and $4,050. The price is trading below $4,050 and the 100-hourly Simple Moving Average. There was a break below a bullish trend line with support at $4,100 on the hourly chart of ETH/USD (data feed via Kraken). The pair could continue to move down if it trades below $3,920. Ethereum Price Starts Downside Correction Ethereum price extended gains above the $4,050 level, like Bitcoin. ETH price even surpassed $4,200 before…