Author: NBTC
Economist and long-time Bitcoin critic Peter Schiff said crypto is “finally starting to crack” after a delayed market response to U.S. President Donald Trump’s new tariffs, announced Friday. He took aim at Trump’s decision to impose tariffs, which have triggered declines in digital assets and equities globally. “I thought the dumbest thing Trump would do was establish a Strategic Bitcoin Reserve. I was wrong,” he posted. Despite some initial chatter on Friday about crypto’s resilience to the tariff news, Bitcoin fell 5.6% over the past 24 hours to $78,769, down 27% from its all-time high of $108,786 on January 20,…
Cardano (ADA) founder Charles Hoskinson believes memecoins are like celebrities who witness short-lived fame before flaming out. In a new interview on the Wolf of all Streets YouTube channel, Hoskinson says memecoins need to evolve and develop use cases and user bases to avoid going through a ‘dumpening’ – the practice of launching tokens with the sole aim of enriching insiders. “So a memecoin is just like the ascendancy of a celebrity that has 15 minutes of fame. It doesn’t necessarily mean that that celebrity is going to disappear forever, but they’re in a temporary state of popularity. They have…
South Korea’s National Pension Service (NPS), which manages 1,224 trillion won ($836 billion) in assets, plans to look at how a blockchain could be used in its fund transaction systems. The organization is weighing a shift to blockchain technology to boost transparency and security in managing its deposits, withdrawals and investments, according to Seoul Economic Daily, which cited industry sources. The NPS plans to begin a preliminary disclosure process, inviting blockchain experts and companies to weigh in before formally launching the initiative, the news outlet said. This feedback phase, standard for major public projects in Korea, will inform a research…
Prices remain under pressure and sentiment is so weak one would think it’s 2022 all over again, but for the first time in nearly a year, bitcoin (BTC) whales are buying. Following months of distribution as bitcoin surged to a record high above $109,000, so-called whales — wallets holding 10,000 BTC or more — are meaningfully accumulating as prices dip to just above $80,000, according to Glassnode data. The last time whales were buying so aggressively was in August 2024 with bitcoin in the $50,000-$60,000 range as the yen carry trade was unwinding. Often considered “smart money,” whales tend to…
Elon Musk advocates for no tariffs on international trade between the United States and the European Union. During an event hosted on Saturday by Italy’s Deputy Prime Minister Matteo Salvini, Musk said: I hope it is agreed that both Europe and the United States should move, ideally, in my view, to a zero-tariff situation, effectively creating a free trade zone between Europe and Notrh America. In addition, he said that he hoped there would be more freedom for people to move between the two regions. That said, Musk’s views appear to be in stark contrast with US President Donald Trump’s…
American investment manager VanEck has filed to establish a trust entity for a proposed BNB exchange-traded fund in Delaware. The establishment of a trust serves as a preparatory measure in the ETF launch process, preceding the formal application to the SEC. VanEck’s filing marks the first attempt to launch a Binance Coin (BNB) ETF specifically in the US market. While BNB-related products like the 21Shares Binance BNB ETP exist, they are not US-based ETFs. The firm, managing nearly $115 billion in client assets globally, registered the new product on March 31, called VanEck BNB ETF, under filing number 10148820 as…
BigBang DAO, a well-known decentralized autonomous organization focusing on using Web3 technology, has commenced a new partnership with Bitgert, a rapidly developing crypto ecosystem. As per BigBang DAO, the collaboration aims to advance the AI-led decentralization. The platform disclosed this development on its official social media account. BigBang DAO Joins Forces with Bitgert to Revolutionize DeFi by Integrating AI BigBangDAO’s partnership with Bitgert is a crucial landmark in expanding the boundaries of blockchain technology. The partnership integrates the decentralized governance and artificial intelligence. Bitgert has gained a considerable attention for gas-effective and rapid processing speeds. Apart from Bitgert’s blockchain, it…
Kremlin-backed social network VK will close its NFT platform this month, following a year of deepening losses and a planned $1.36 billion share issue to reduce debt. Russian social media company VK plans to shut down its marketplace for non-fungible tokens, VK NFT Hub, on April 15, the team said, ending a service that was launched in December 2022. In a public announcement, users were told to transfer their tokens to external wallets before the deadline. After April 15, the special visual markers on VK associated with NFTs — small neon diamonds that appeared on avatars — will be removed,…
Bitcoin fell sharply on April 7, dropping nearly 7% to a three-week low of $77,077. The decline occurred days after U.S. President Donald Trump announced massive new import tariffs, which sparked concerns about a new trade war and a slowdown in the world economy. The crypto market initially showed some resilience last week, with traders speculating that Bitcoin might act as a “safe haven” as tech stocks slumped. But by Sunday night on Apr. 6, that narrative had flipped. As U.S. stock futures opened in early Asia hours, markets turned red. The Nasdaq 100 contracts fell 5% and both the…
The partnership between UniLend Finance and GPUs.ai is a vital development towards the implementation of artificial intelligence (AI) technologies in decentralized blockchain systems. The partnership aims to expand the boundaries of Web3 by combining the innovations of the UniLend financial system with the virtual AI computing resources of GPUs.ai. The joint initiative includes the creation of a marketplace for finding and earning income from AI agents along with their modules. Users on this platform can both distribute and buy AI-powered solutions, as well as use them in a decentralized operating system. Users will benefit from the marketplace through optimized AI…