Author: NBTC

With global financial markets experiencing a sharp decline in the last two trading sessions, all eyes turned to the FED. Last week, the FED decided to keep interest rates constant between 5.25% and 5.5%. While industry observers predicted a 50 basis point cut at the September meeting, recent economic data and macroeconomic factors have led some experts to call for an immediate rate cut. Jeremy Siegel, professor emeritus of finance at the Wharton School of Business at the University of Pennsylvania and chief economist at WisdomTree, called for an immediate 75 basis point cut in the federal funds rate, followed…

Cardano’s Stake with Pride calls attention to three conditions necessary for the pivotal Cardano Chang hard fork to occur. The Cardano blockchain is on the verge of one of its most significant upgrades to date, the Chang hard fork. With discussions surrounding the update making headlines, Stake with Pride, a notable Cardano stake pool operator (SPO), recently outlined three critical conditions necessary for this upgrade to take place. The Cardano hard fork will occur after these 3 things are met: 1. 70% of SPOs upgrade to v9.1 (which is not out yet), not v9.0 2. 7 ICC Councils create replacement…

The conclusion of the Ripple vs SEC lawsuit brings XRP a sense of relief and regulatory clarity. However, according to Versan Aljarrah, the Founder of Black Swan Capitalist, several critical questions still need immediate attention despite the legal battle ending. Here’s a deep dive into this interesting take. The end of the #Ripple lawsuit and the regulatory clarity of #XRP bring me relief. However, with the #legal battle concluded, several issues still demand IMMEDIATE attentionFirst, the #SEC lacked the legal authority to pursue #Ripple from the start, as there was no LEGAL… pic.twitter.com/3OEPIph41F — Black Swan Capitalist (@VersanAljarrah) August 8,…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Notcoin’s latest venture ushers in a new era for Telegram-based crypto gaming with a story-driven, NFT-powered experience. 2024 has certainly been a great year for the web3 gaming space. One of the standout projects has been Notcoin, which has racked up millions of dollars in revenue and a horde of users. The clicker game got over 20 million players in just a month of launch and showed that crypto gaming has been going in a new direction. This is…

Leading crypto exchange LBank heaps praises on Shiba Inu (SHIB), Dogecoin (DOGE), and Neiro Ethereum (NEIRO), describing them as the ultimate crypto trio. The top exchange made the disclosure yesterday. According to an X post, LBank asked its followers to indicate whether the so-called “ultimate crypto trio” will champion the resurgence of the memecoin market. Can NEIRO Replicate SHIB and DOGE Rally This Season? LBank’s characterization of SHIB, DOGE, and NEIRO as the ultimate crypto trio is a remarkable feat for the Neiro project, given its relatively newer presence compared to SHIB and DOGE. NEIRO has been causing a stir…

European digital asset investment firm CoinShares reported financial results for the second quarter of 2024 today (Tuesday), building on the momentum from Q1 and announcing a special dividend following the successful recovery of its FTX claim. However, the report indicates that FlowBank’s collapse negatively impacted the company’s “principal investments,” ultimately consuming the vast majority of total revenues. The company posted asset management revenue of £22.5 million for Q2 2024, more than doubling from £10.7 million in the same period last year. Total comprehensive income surged to £25.8 million, up from £5.3 million in Q2 2023. Adjusted EBITDA also saw significant…

Worldcoin (WLD) is set to accelerate its token unlock schedule, increasing selling pressure on the WLD market price. According to data from Token.Unlocks, 6.62 million WLD tokens valued at $12.91 million will be released into the market by July 24. Currently, the market experiences a regular influx of 3.19 million WLD tokens, valued at $6.23 million, distributed to community members. This unlock schedule was established last year after the project’s launch, with 500 million coins allocated for community distribution. In just the past week, 22.35 million WLD tokens, worth over $39.12 million, have been released into the market, accounting for…

Japan’s top financial regulator said the decision to approve crypto-based exchange-traded funds needs to be approached with caution. While Japan has yet to approve crypto ETFs, the U.S., Hong Kong and Australia have all recently given the go-ahead to such products. The boss of Japan’s Financial Services Agency (FSA) said “cautious consideration” needs to be given to the decision of approving crypto-related exchange-traded funds (ETFs), Bloomberg reported. Many people believe crypto assets “do not necessarily contribute to the wealth creation of the Japanese people in a stable and long-term manner,” FSA commissioner Hideki Ito said in an interview with the…

Institutions Inject $95 Million Tether into Exchanges Amid Market Dip. Cumberland Adds $6.28 Billion to Crypto Market Since October 20, 2023. Cumberland Secures BitLicense, Enhancing Market Position and Trading Capabilities. With the global crypto market cap has risen by 4.66% to $2.03 trillion, although the total trading volume has decreased by 39.85% to $99.79 billion. Big investors have begun to put in more money, and there have been large transactions with Tether’s stablecoin, USDT. Meanwhile, Cumberland, a major player in the crypto industry, has injected 6.28B substantial funds into the crypto market since Oct 20, 2023. Cumberland received 95M $USDT…

The process, which started with the approval of the spot Bitcoin ETF in January, continues with the approval of the Ethereum ETF. Now, while the SEC is expected to approve S-1 filings for spot ETH ETFs to open for trading, VanEck and 21 Shares have filed for spot Solana ETF. While popular altcoins such as Solana (SOL), XRP and Liteceoin (LTC) are being discussed among the altcoin candidates that can receive ETF approval after Bitcoin and Ethereum ETFs, negotiations have begun for a surprise altcoin. At this point, ETC Grants DAO, a non-profit, decentralized autonomous organization dedicated to supporting the…