Author: NBTC
US President Donald Trump announced in his live speech that a 10% base tariff will be applied to all countries. However, Trump made the following statements on the subject and published a list of countries where he would specifically impose different customs duties: I am telling the leaders of all countries to end the tariffs you are imposing on (the United States) and start buying American goods. For countries that do not treat us well, we will calculate the total amount including non-monetary barriers. The retaliation rate will be half of the customs duty rates, which will not be exactly…
Internet celebrity Tristan Tate has questioned the basis of why pro-XRP enthusiasts believe the crypto will surge past $100 this year. Since the start of the year, XRP has garnered a lot of interest, which grew tenfold when Ripple executives hinted at the possibility of the coin being included in the proposed US national digital currency stockpile. In a February 4 X post, Tristan asked, “Can somebody explain the $XRP hype to me? Why on earth would this go to hundreds per coin?“ His query saw a series of responses in quoted posts, including one from golf influencer and model…
A court in Brazil has authorized the use of non-fungible tokens (NFTs) to notify unidentified defendants in a case involving missing Bitcoins (BTC) tied to an alleged pyramid scheme, BWA Brazil. The decision stems from legal action filed by the court-appointed trustee of BWA Brazil’s bankrupt estate seeking to interrupt the statute of limitations on claims related to crypto assets allegedly acquired using creditor funds. The estate requested that the court permit digital service of process by minting NFTs containing the relevant legal documents and transmitting them to wallet addresses involved in the initial transactions. The ruling stated: “Creditors who…
Bitcoin (BTC) price failed to sustain above $100k on Tuesday, amid the renewed hope for the resolution in the United States-Mexico-Canada Agreement (USMCA). Ahead of the planned talk between US President Donald Trump and Chinese President Xi Jinping, Beijing has scheduled to implement a 15 percent tariff on U.S. coal and liquefied natural gas (LNG) among other control measures in the coming days. The short-term macroeconomic uncertainty has impacted major stock indexes in a bearish outlook. With the crypto industry, led by Bitcoin, depicting a positive correlation with major stock indexes, most crypto experts believe taking some profits is prudent.…
The Crypto Fear and Greed Index has plunged to 25, dropping 19 points from the previous day and pushing the market into “Extreme Fear” territory. This steep drop follows U.S. President Donald Trump’s Apr. 2 announcement of aggressive new “Liberation Day ” tariffs, which unsettled both traditional and cryptocurrency markets. Trump’s policy sets a 10% baseline tariff on imports, with much higher rates for specific countries. China is now subject to a 54% tariff, which combines a new 34% rate with an existing 20% duty. A 20% rate will be imposed on the European Union, while Vietnam (46%), Taiwan (32%),…
Ryan Rasmussen, head of research at Bitwise Invest, has revealed that a “multi-billion dollar wealth management team” is interested in allocating XRP in their clients’ portfolios alongside some other cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH). However, personally owning these tokens, they cannot do this for now due to the lack of approval. “In their personal accounts, they own Bitcoin, Ethereum, Solana, XRP, and more. But they can’t allocate to any of those in their client’s portfolios. They want to, but they aren’t allowed to,” he said. Last year, the crypto industry achieved significant progress in terms of institutional adoption,…
Crypto mogul Justin Sun revealed recently that Techteryx Ltd does not work within his industry, and his involvement in the project was for helping stabilize the market. Sun explained that with 5 million global users of Techteryx’s TrueUSD (TUSD), if these users discover that their holdings could not be redeemed for cash, it would likely cause a major financial crisis. Justin Sun’s Take on Techteryx’s TrueUSD (TUSD) Situation In an interview with Sing Tao Daily, Sun expressed his shock upon first learning about the issue. He said that learning about the situation “shattered his worldview.” He was astonished at how…
A crypto whale has missed a lucrative opportunity to realize over $40 million in profits from $ai16z and $ZEREBRO tokens, according to on-chain data shared on January 9 and highlighted in recent market activity. The whale’s strategic missteps in timing their trades have resulted in significant financial losses, sparking discussions within the crypto community about market timing and risk management. This whale did not sell $ai16z and $ZEREBRO at the best time, missing out on a profit of over $40M!On Jan 2, this whale had an unrealized profit of $40.8M on $ai16z and $ZEREBRO, but he did not sell for…
Coinbase, one of the leading cryptocurrency exchanges in the U.S., has a motion pending in front of the D.C. District Court to reinstate its Freedom of Information Act lawsuit against government agency, the Federal Deposit Insurance Corporation (FDIC) The exchange says the FDIC is still withholding some important documents and not fully cooperating with requests for information. The lawsuit seeks to force the FDIC to hand over records of its conversations with banks related to cryptocurrency actions, including the ‘pause letters’ issued to banks telling them to stop providing crypto services.” Coinbase seeks court’s intervention as FDIC cooperation falters in Operation Choke Point…
A discussion on Bitcoin’s role as a store of value heated up after Donald Trump’s AI and crypto czar, David Sacks, called it an “excellent store of value” in a CNBC interview on Tuesday. Sacks highlighted Bitcoin’s security and longevity, noting that it remained the strongest digital currency. Binance founder CZ later responded, asking why the debate still existed, citing Bitcoin’s historical price growth. Bitcoin’s Security and Market Reactions During the interview, Sacks praised Bitcoin’s resilience, emphasizing that it has been around for over a decade without any security breaches. “It’s the original, it’s the strongest one. No one’s ever…