Author: NBTC
American economist Paul Krugman, who won the Nobel Prize in 2008, believes that stablecoins do not have any practical utility. In a May 30 blog post entitled ‘Digital Corruption Takes Over DC,’ Krugman opined that “stablecoins don’t serve any clearly useful function,” adding: “They [stablecoins] can’t be used to make ordinary purchases, and there’s nothing you can do with them that can’t be done more cheaply and more easily with debit cards, Venmo, Zelle, wire transfers, etc.” Therefore, Krugman questioned why anyone would not just use U.S. dollars instead of using tokens that are “supposedly backed by dollars.” According to…
Spetz Inc., parent company of SonicStrategy Inc., completed the first week of its strategic digital asset accumulation program. The company purchased 3.35 million S altcoins, the native token of the Sonic blockchain, at an average unit price of $0.41. These transactions cost a total of $1.37 million. The company’s total Sonic token holdings thus reached 3.9 million. The press release issued by Spetz included the following statements: “Spetz is pleased to announce that we have successfully completed our first weekly open market purchases as part of our strategic digital asset accumulation program. In the process, we purchased approximately 3.35 million…
Coinbase CEO Brian Armstrong visited London this week, meeting with British policymakers to discuss how the UK can take a leading role in the global crypto market. He stressed the need for clear and supportive rules that allow crypto companies to grow while protecting users. Great to be in London today to meet with policymakers on how the UK can position itself competitively in the global race for crypto.This is a pivotal moment – hopeful the UK seizes this opportunity to solidify its position as a global leader in crypto. Bullish on Britain!… pic.twitter.com/w4uIVrJiRI — Brian Armstrong (@brian_armstrong) June 16,…
Binance is expanding its product offering with a series of launches and rewards set to go live on June 17, 2025. The exchange announced the official launch of its Bombie (BOMB) token via the Token Generation Event (TGE). Binance Launches Bombie (BOMB) Through Binance Token Generation Event (TGE) A total of 50 million BOMB tokens have been set aside for future events, indicating that community engagement initiatives will continue. In addition to the BOMB launch, Binance has launched two new airdrops for eligible users: ULTI: Available free of charge to eligible participants. VELO: Distributed in exchange for 15 Alpha Points,…
By integrating Chainlink Data Streams, Ostium ensures real-time, low-latency, and accurate crypto market pricing. This technology, which combines off-chain speed with on-chain verifiability, enhances trading precision while mitigating risks like frontrunning, making it ideal for derivatives and high-frequency trading. Ostium Labs became the largest decentralized perpetual exchange on Arbitrum with a total trading volume of more than $5 billion. This is an important milestone that shows the direction of the growing influence on the platform in the decentralized finance (DeFi) space. It’s driven by a strong focus on real-world asset (RWA) markets and a sophisticated backend powered by Chainlink Data…
Bitcoin and stablecoins are stealing the spotlight, and one company hopes to tap into both of them. Bitcoin (BTC) and stablecoin narratives converge in the latest funding round. On Thursday, June 18, BitVault secured a $2 million investment to build a Bitcoin-backed stablecoin. The bvUSD stablecoin will launch on Katana, a new chain incubated by Polygon Labs and GSR. GSR is also a strategic investor in the venture, along with Gemini, Auros, and Keyrock. The funding round came amid rising interest in stablecoins, especially after the Genius Act passed the U.S. Senate. With the regulatory clarity introduced by the Genius…
Ethereum price is once again at a crucial crossroads. After weeks of consolidation, ETH price is showing signs of renewed momentum. Traders and investors are now watching closely as the price edges above key resistance levels, hinting at a potential breakout. With Bitcoin stabilizing and altcoins gaining traction, Ethereum’s price action this week could define its path for the rest of June. But will it really break above $3,000—or is this another bull trap? Ethereum Price Prediction: What’s Happening on the Daily Chart? ETH/USD 1 Day Chart- TradingView Ethereum (ETH) price has shown resilience after bouncing back from its May…
Tensions are mounting over US President Donald Trump’s sprawling cryptocurrency empire. Trump family-owned firm World Liberty Financial has sent a cease-and-desist letter to Fight Fight Fight, the company behind the “TRUMP” memecoin run by the president’s close friend Bill Zanker. According to a source briefed on the matter, who asked to remain anonymous because the letter has not yet been made public, the letter was sent not only to Fight Fight Fight, but also to Magic Eden, the crypto marketplace the company works with. The tension began when Fight Fight Fight announced that it was working on a new digital…
Singapore Court declared WazirX’s user vote invalid due to hidden and misleading facts. Zettai found running crypto operations illegally without a DTSP license in Singapore. Judge slammed WazirX, Zettai for wasting court’s time with false legal narratives. WazirX failed to register with India’s FIU, ignoring basic regulatory requirements. Singapore’s Supreme Court has exposed a disturbing web of lies involving the crypto exchange WazirX, its partner Zettai, and a hidden player, Zensui, based in Panama. The court found that these companies misled users, broke important rules, and hid the real control of the business. This comes after WazirX faced a $235…
In a recent open letter to KuCoin users, CEO BC Wong announced the launch of a groundbreaking $2 billion Trust Project, marking a significant milestone in the cryptocurrency exchange’s ongoing commitment to security and user trust. As the crypto industry faces persistent security challenges and crises of confidence, KuCoin aims to reinforce its position as a secure and reliable trading platform.—Wong reflected on the company’s five-year journey, highlighting that KuCoin has become a trusted platform for over 41 million users globally. The Trust Project is not just a technological investment; it’s a promise to users and the future of cryptocurrency.Building…