Author: NBTC

One of Joe Biden’s most prominent pro-crypto backers in Washington switched course on the president’s struggling re-election effort Wednesday, shifting within days from firmly backing Biden’s campaign to dubbing it “a political suicide mission.” And odds on crypto betting sites of the president dropping out of the 2024 election have surged amid growing doubts. The about-face by Rep. Ritchie Torres (D-NY) joined a chorus of calls today from prominent Democrats including George Clooney, former Speaker of the House Nancy Pelosi, multiple congresspeople, and a sitting U.S. senator, for Biden to re-evaluate whether he should stay in the race. On decentralized…

Bitcoin spot ETFs received the third consecutive day of inflows on Wednesday. The German Government’s transfer of 10,853 BTC on Wednesday may negatively impact Bitcoin’s price. Donald Trump will speak at the Bitcoin 2024 conference in Nashville on July 27. On-chain data shows that small Bitcoin wallets are getting liquidated while whales and sharks are growing in number. Bitcoin (BTC) price edges up by 0.5% on Thursday, though it struggles to break above the weekly resistance level at around $58,500, amid on-chain data indicating liquidation among small Bitcoin wallets, alongside an increase in the number of whales and sharks. The…

Often born from the zany depths of internet culture and viral memes, memecoins bring a hefty dose of humor to the crypto space. But don’t be fooled by their playful exteriors—behind the laughs lies serious investment potential. Imagine turning your favorite meme into a lucrative asset. It’s like finding out that your funniest inside joke is actually a goldmine. Among the countless memecoins swirling around in the crypto-sphere, a select few have managed to rise above the noise as the best altcoins to invest in with their distinctive value propositions and strong ecosystems. These aren’t your average flash-in-the-pan tokens; they’ve…

CoinRoutes Chair Dave Weisberger blasted those who claim the SEC’s actions are protecting crypto investors, calling the view “backward” and branding those who agree with it as “anti-investor.” Weisberger voiced his criticism in a post on X in response to the U.S. Representative Maxine Waters, who opposed a Republican-led resolution to block the SEC’s Staff Accounting Bulletin (SAB) 121. This point of view, that the SEC is doing “good work protecting” crypto investors is so backwards, all who agree with it should be branded as anti-investor. This BILL would allow REGULATED entities to custody assets that the SEC unlawfully (according…

US spot Bitcoin exchange-traded funds (ETFs) saw net inflows of $147.37 million on Wednesday, marking the fourth day in a row of positive funds flows. US Spot Bitcoin ETFs Draw $147 Million in Net Inflows, Extending Positive Streak to Four Days Fidelity’s FBTC led inflows with $57.79 million, according to SoSoValue data. Franklin Templeton’s spot bitcoin fund followed with $31.66 million, its biggest inflow since early May. BlackRock’s IBIT, the spot Bitcoin fund with the highest net asset value, reported net inflows of $22.24 million, while Valkyrie’s BRRR reported $20.68 million. Invesco and Galaxy Digital’s BTCO also reported inflows of…

The EOS Network Foundation, led by CEO Yves La Rose, has approved a proposal to cap the total supply of EOS coins at 2.1 billion units. This decision is a result of a community-driven effort where block producers agreed to set a fixed supply limit and burn about 80% of the excess coins. The new measure aims to reduce the future emissions from the initially planned 10 billion coins to 2.1 billion. Contents hide 1 What Was the Approval Process? 2 How Did the EOS Network Foundation Emerge? 3 Practical Inferences for Users What Was the Approval Process? In 2021,…

The Financial Conduct Authority (FCA) has published new rules today (Thursday). These rules establish a simplified listings regime with a single category and streamlined eligibility for companies seeking to list their shares in the UK. The revised listing rules aim to better align the UK’s regime with international market standards. According to the regulator, they ensure that investors will have the necessary information to make informed decisions about their money. The rules also maintain appropriate investor protections to hold company management accountable. The new rules eliminate the requirement for votes on significant or related party transactions. They also offer flexibility…

Coinbase, a leading cryptocurrency exchange, is broadening its services for German residents with the addition of three new tokens: BLAST, ZRO, and CORECHAIN. An X post by Coinbase Assets revealed the platform’s strategic development, announcing, “BLAST, ZRO and CORECHAIN are now available to Germany residents.” BLAST, ZRO and CORECHAIN are now available to Germany residents.Users can log in to buy, sell, convert, send, receive, or store these assets at https://t.co/Zkd27RUMRo along with the @Coinbase iOS and Android apps. To access trading, users may need to refresh their application. — Coinbase Assets 🛡️ (@CoinbaseAssets) July 9, 2024 Detailing the new tokens’…

Shiba Inu could see its price skyrocket to a new all-time high if it trails Bitcoin should the premier crypto asset hit the $1 million target. Being the first and largest crypto asset, Bitcoin (BTC) often dictates the movement of the broader crypto market. The asset kickstarted the previous crypto bull markets when its price soared to new highs in each cycle. Notably, the rest of the market has followed suit each time. Market watchers expect a similar case in this cycle, projecting the altcoin season, a period when other assets outperform Bitcoin, to come up shortly after BTC hits…

The Bank of Russia has highlighted the conditions it will need to consider when regulating the use of stablecoins for Russian individuals and companies. The bank stated that before a regulation is enacted, a thorough study of these assets and a discussion with the relevant actors of the market and the community around them should be conducted. Bank of Russia Assesses Process to Establish Stablecoin Regulation The Bank of Russia has given some guidelines to follow in the process of enacting regulations for stablecoins. The bank stated that it will need to understand more about these assets and have contact…