Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Crypto card spending jumps 2.5x to $759m in July

Crypto payment card spending has jumped 2.5 times from a year earlier to reach $759 million in July, supported by nearly 9 million purchases settled mainly through dollar-backed stablecoins. A16z crypto reported the figures using data from Paymentscan, which tracks payment activity linked to crypto card programs across several blockchains. Crypto card spending reached $759 million in July | Source: a16z crypto/Paymentscan The monthly total has climbed from less than $1 million in October 2023, when Paymentscan began tracking the market, to more than three-quarters of a billion dollars. Card purchase counts have risen alongside spending, reaching nearly 9 million…

ExchangesAug 19

MemeToro Releases Integrated Ecosystem Framework for the $MT Utility Token

$BNB presales attract record capital as MemeToro uses an audit, fair-launch tools, and AI infrastructure to address common memecoin risks. MemeToro has released new details explaining how the $MT utility token is designed to connect the products within its AI-powered blockchain ecosystem. Rather than serving a single function, the company said $MT will provide access across multiple platform services, including AI-powered applications, market analytics, decentralized prediction markets, staking, and future governance initiatives. According to MemeToro, the framework is intended to support a connected user experience where each product contributes to activity across the broader ecosystem instead of operating independently. The…

BlockchainAug 19

Options Data Released—What Does It Tell Us?

Blockchain analytics company Glassnode stated that investor sentiment in the Bitcoin (BTC) options market has recently shifted to a more positive outlook, but demand for hedging against long-term downside risks remains high. According to Glassnode’s analysis, indicators reflecting short-term fear in Bitcoin options have seen a significant easing. The one-week 25-delta skew indicator has fallen to approximately 7 percent, suggesting a substantial decrease in the recent panic in the market. In contrast, the skew ratio remains around 10 to 12 percent in longer-term timeframes. Glassnode stated that this indicates investors are maintaining hedging positions against medium- to long-term downward movements,…

BitcoinAug 19

Following the Fed’s Interest Rate Decision and Kevin Warsh’s Remarks, Experts Gathered and Shared Their Latest Insights

The fact that three members opposed the Fed’s decision to keep interest rates unchanged strengthened expectations that a more independent and divergent policy period may begin within the Federal Open Market Committee (FOMC). Market experts noted that despite a limited decline in bond yields and a weakening of the dollar following the decision, the possibility of an interest rate hike in September has not been eliminated. Nationwide Investment Management Group Chief Market Strategist Mark Hackett said that the three dissenting votes could signal a new trend within the Fed. Hackett stated that committee members are acting more independently than in…

RegulationAug 19

Agentverse SDK 0.2.0 Launch — And What It Signals

Fetch.ai has officially released the Agentverse SDK 0.2.0, allowing developers to deploy agents with just one line of code. This new tool aims to connect personal projects to a wider ecosystem of over 3 million agents. For more details, see the official announcement on Fetch.ai’s Twitter. Breaking It Down The introduction of the Agentverse SDK 0.2.0 by Fetch.ai marks a significant advancement for developers. This tool simplifies the process of launching agents, which could stimulate growth within the Fetch.ai ecosystem. As the broader cryptocurrency market exhibits mixed signals, innovations like this could shift sentiment positively, enhancing developer engagement and community…

AltcoinsAug 19

Bank of Russia Limits Crypto Equity to 25% for Market Brokers

Bank of Russia Limits Cryptocurrency Holdings to 25% for Regulated Market Participants The Bank of Russia has issued a new draft regulation ruling on the requirements that professional market participants must follow when including cryptocurrency holdings in their balance sheets. According to the new ordinance, professional market participants such as brokers, trustees, forex dealers, and cryptocurrency exchanges will have to include cryptocurrency holdings when calculating their equity holdings. These crypto assets, which can be included in these balances if they have been admitted to trading on exchanges, can reach a prudential limit of 25% of the total equity value declared.…

LegalAug 19

x402 Payment Protocol for AI Agents Is ‘Going to Be Huge Eventually’

Coinbase CEO Brian Armstrong has signaled strong conviction in the future of x402, an open payment protocol designed to let artificial intelligence agents autonomously pay for digital services. In a social media post, Armstrong wrote that “x402 is going to be huge eventually,” adding that AI agents will need to make payments for goods and services, and that their numbers will eventually “far outnumber humans.” What is x402? x402 is an open protocol built around HTTP 402, the “Payment Required” status code that has existed in the HTTP specification for decades but was never widely adopted. The protocol aims to…

ExchangesAug 19

Three Indicators Are Showing Signals for Bitcoin: Bullish or Bearish?

Crypto analyst Ali Martinez stated that a macro-level bottom may have formed in the Bitcoin price, noting that three long-term technical indicators are signaling in the same direction. Martinez stated that a TD Sequential buy signal has formed on Bitcoin’s monthly chart. According to the analyst, this rare signal successfully indicated the market bottom in 2022. Martinez suggested that the current signal could similarly point to a new cyclical bottom zone. The second factor highlighted by the analyst was Bitcoin’s proximity to its 50-month simple moving average (SMA). Martinez noted that this long-term support level has intersected with Bitcoin’s price…

BitcoinAug 19

Spot Bitcoin ETFs See Net Inflows of $32.1 Million, Ethereum ETFs Experience Outflows! Here Are the Details

Spot cryptocurrency exchange-traded funds (ETFs) traded in the US showed a different picture in terms of investor activity. According to SoSoValue data, spot Bitcoin ETFs recorded a total net inflow of $32.11 million, while spot Ethereum ETFs experienced a net outflow of $18.65 million. The data revealed that institutional investor interest continued in Bitcoin, while short-term profit-taking continued in Ethereum funds. BlackRock’s iShares Bitcoin Trust (IBIT) fund recorded the highest net inflow of the day. IBIT saw a net capital inflow of $89.83 million in a single day, bringing its cumulative net inflow to date to $60.42 billion. Conversely, the…

RegulationAug 19

Paxos Labs Launches Stablecoin Transfer Tool

Paxos Labs, a company developing infrastructure for stablecoins, has introduced Amplify Transit, a new service for converting and transferring stablecoins between different blockchains. The platform is already live on Robinhood Chain, where it processed nearly $30 million in transactions during its first two weeks after launching on July 1. Transit allows companies to exchange USDC, USDG, and PYUSD through a single API while receiving a fixed conversion rate and predictable fees before each transaction is completed. The service currently supports Ethereum and Robinhood Chain, but its architecture is designed to work with additional networks in the future. The company also…

AltcoinsAug 19