Author: NBTC

The business outlined their strategy to repay creditors via PayPal’s Hyperwallet service. The cryptocurrency lender is attempting to sidestep any complications or setbacks. Insolvent Crypto lender Celsius Network has filed a notice to the court about its intentions to distribute funds to creditors. In a filing submitted to the US Bankruptcy Court for the Southern District of New York, the attorneys for the business outline their strategy to repay creditors via the use of PayPal’s Hyperwallet service. The insolvent company reportedly cited potential problems with wire transfers as a reason for its decision to adopt Hyperwallet. Problems may arise, for…

In an unexpected and thrilling announcement, Shiba Inu’s pseudonymous lead, Shytoshi Kusama, has taken to X (Twitter) to announce its first-ever meet and greet event, stirring excitement within the SHIB community. The event is set to take place at the IVS Official Shiba Inu booth in Kyoto, marking a significant moment for the community. See you tomorrow at around noon in the @IVS_Official Shiba Inu booth for my first EVER meet and greet! I’m excited to meet you all in Kyoto #shibarmy. @Shibtoken @sheerazhasan @treatsforShib @kaaldhairya @LucieSHIB @shibarium_ — Shytoshi Kusama™ (@ShytoshiKusama) July 4, 2024 Kusama broke the news in…

On Wednesday, Bitcoin (BTC) exchanged hands for as much as $61,809 after the US Bureau of Labor Statistics (BLS) released July’s Consumer Price Index (CPI) inflation data, which came in at 2.9%, lower than what was recorded in June. However, this proved to be a “fakeout” as the leading coin’s price soon plummeted to trade below the $60,000 price mark. Bitcoin‘s Brief Rally to $62,000 A “fakeout” occurs when an asset’s price moves in one direction, often misleading traders, before quickly reversing its course. This happened with BTC, which rallied to almost $62,000 after the BLS released July’s CPI. As…

As anticipation builds for Fed Chair Jerome Powell’s speech at the Jackson Hole Economic Symposium, Evercore ISI analysts predict Powell will take a flexible approach to potential rate cuts. Evercore ISI analysts said in a recent note that Powell’s speech Friday morning will provide insight into the Fed’s strategy for lowering interest rates. They expect Powell to convey that the central bank is prepared to implement significant reductions if the economic situation warrants it. Analysts expect Powell to reassure markets by saying the Fed is open to larger cuts of up to 50 basis points if necessary, although the base…

MANTRA, a real-world asset (RWA) layer-1 blockchain, is an outlier in the crypto market today, outperforming all major cryptocurrencies with a notable 11% gain. With gains coming on the back of a major platform milestone, the native OM token reached $0.89 on Thursday. These are gains that helped MANTRA recoup most of the losses suffered when the altcoin dropped to $0.68 on Wednesday. MANTRA surges after major RWA partnership MANTRA launched its native token in October 2020, and has recently witnessed a major shift in sentiment as the RWA narrative strengthened. This tokenization drive saw a major bullish flip on…

In the aftermath of the United States Consumer Price Index release, Bitcoin (BTC) experienced a sharp correction, but analysts are maintaining a long-term bullish outlook. Particularly, crypto trading expert Trading Shot, in an August 14 TradingView post, suggested that technical indicators and historical price movements point to Bitcoin possibly reaching a record high of $300,000. In arriving at this potential price target, the expert noted that in July 2024, Bitcoin closed in the green zone. Despite a sharp drop at the start of August, the market quickly rebounded, demonstrating strong buying power. This recovery aligns with the 0.786 Fibonacci retracement…

The Fed is expected to cut interest rates by three quarter points before the end of the year, according to the latest Reuters poll of economists. This represents a more aggressive approach than previously expected, with most participants now predicting a 25 basis point cut at each of the Fed’s remaining meetings in 2024. The shift in sentiment came after a weaker-than-expected July employment report, which initially led rate futures traders to expect a cut of as much as 120 basis points through 2024. That estimate has since been trimmed to around 100 basis points. Market dynamics also affected these…

IntoTheBlock data revealed that a significant percentage of Dogecoin (DOGE), Pepe Coin (PEPE) and MOG (MOG) holders are still in profit. Amidst Bitcoin and an overall cryptocurrency market decline, many memecoin investors continue to profit, although memecoin prices have also fallen. Accordingly, 85.5% of MOG investors are still making a profit and leading the sector. PEPE with MOG of 78.53%; It was followed by Floki Inu (FLOKI) with 78.41% and Dogecoin with 75%. Popular dog-themed memecoin Shiba Inu (SHIB) ranked 6th on the list with a profitable investor rate of 51.83%, while US presidential candidate Donald Trump-themed Trump (MAGA) ranked…

The third largest Bitcoin mining firm on Wall Street is still quietly tightening its grip on Bitfarms (BITF), a smaller Canadian competitor, through a hostile takeover bid. As of August 13, Riot Platforms (RIOT) increased its stake in Bitfarms to 19%, disclosing its purchase of 1 million more BITF shares last week. That same day, Bitfarms announced the departure of its co-founder and chair Nicolas Bonta, who Riot publicly targeted for replacement in late June. At the time, Riot called for a special shareholder meeting—now slated for October 29—to let shareholders vote on removing Bonta and two other board members…

Warren Buffet’s Berkshire Hathaway investment fund recently made headlines with changes to its portfolio. According to a recent regulatory filing, the firm reduced its position in tech giant Apple by nearly 50%, Capital One Finance by 21.27% and Floor & Decor by 16.78%. These were the largest declines in Berkshire Hathaway’s portfolio, while Sirius XM and Chubb Limited were the largest additions at 262.24% and 4.28%, respectively. The company added new companies in the forms of Ulta Beauty and HEICO Corp to the list. The total portfolio value of Warren Buffett’s company stands at a staggering $279,969,065,000. Would love to…