Author: NBTC

Elvira Nabiullina, the governor of the Bank of Russia, declared that she expects the digital ruble, the Russian CBDC, to achieve a high level of acceptance due to the benefits it offers to Russian citizens. During a speech at the Federation Council, Nabiullina stated that it would be widely adopted within five to seven years. Bank of Russia Governor States Digital Ruble Will Become ‘Familiar’ in 5 to 7 Years The Bank of Russia is now making predictions about the progress of the Russian central bank digital currency (CBDC), the digital ruble. Elvira Nabiullina, governor of the Bank of Russia,…

Morphex, a decentralized exchange specializing in spot and perpetual futures trading on Base and Fantom networks, has integrated Chainlink’s Cross-chain Interoperability Protocol (CCIP). This upgrade also allows for seamless cross-chain transfers of its BMX token between Base Network and Mode Network, enhancing liquidity and accessibility across platforms. Morphex, a decentralized perpetual exchange on Base/Mode (BMX) and Fantom (MPX), has now upgraded to the chainlink CCIP industry standard in order to enable cross-chain transfers of its BMX tokens across the Base Network and the Mode Network. .@MorphexBMX upgrades to the industry-standard #Chainlink CCIP to enable cross-chain transfers of its BMX token…

A Bitcoin whale wallet that has been inactive for six years has made a notable move by transferring a significant amount of Bitcoin to Coinbase. Whale that remained motionless for a long time sent $61 million worth of BTC to Coinbase Early Friday, as the leading cryptocurrency struggled to sustain its rally above $62,000, the wallet identified as 12EMDoUhaNCuWZeeT6ey61AkjKyzmjV2m3 deposited 1,000 BTC worth over $61 million to Coinbase Pro, according to data tracked by Lookonchain and Arkham Intelligence. These coins were originally purchased for only $6.68 million. A whale wallet can typically hold 1,000 BTC or more. This quarter, there…

A recent CoinGecko survey reveals that 54.1% of crypto investors do not expect non-fungible tokens (NFTs) to return in the current market cycle. Only 19.4% of respondents expressed optimism about an NFT resurgence in the near term. Image: CoinGecko The survey, which gathered responses from 2,558 crypto participants, found that 29.5% strongly disagreed with the possibility of an NFT comeback, while 24.7% were less bearish but still skeptical. A neutral stance was taken by 26.4% of participants. Sentiment towards NFTs remained consistent across different crypto experience levels, with newcomers and veterans sharing similar views. However, builders and spectators showed more…

Over the 121-year old facade of the New York Stock Exchange, a freshly printed Ethereum ETF banner hung like a hoisted pirate flag. Tourists stopped, stared, and pointed. The younger ones explained what Ethereum was to their families, and guessed about the ETF part. The imagery was powerful and undeniable: Ethereum had conquered Wall Street. Or maybe it was the other way around? Inside the NYSE on Friday afternoon, investment bankers, asset managers, and a few NFT heavyweights gathered to celebrate the arrival of spot Ethereum ETFs in the United States by ringing the exchange’s closing bell. They were there…

Today, enjoy the On the Margin newsletter on Blockworks.co. Tomorrow, get the news delivered directly to your inbox. Subscribe to the On the Margin newsletter. Welcome to the On the Margin Newsletter, brought to you by Ben Strack, Casey Wagner and Felix Jauvin. Here’s what you’ll find in today’s edition: We read between the lines of yesterday’s Fed meeting. As crypto gets political, an industry CEO expects Democrats to soon appeal to the industry. SEC Commissioner Mark Uyeda doubles down on his pro-crypto stance. The biggest FOMC takeaways What’s become a regular sequence occurred again yesterday during the FOMC meeting.…

SoonVerse has announced a new partnership with Arris. Arris is an on-chain interactive aggregate growth platform with boosters. This collaboration aims to enhance the user experience. In addition to this, this partnership will also offer new earning opportunities for the SoonVerse community. 𝐖𝐞’𝐯𝐞 𝐩𝐚𝐫𝐭𝐧𝐞𝐫𝐞𝐝 𝐰𝐢𝐭𝐡 𝐀𝐫𝐫𝐢𝐬 🎉✔️Let’s welcome On-Chain Interactive Aggregate Growth Platform with Boosters, @Arris_io!With Arris AI and the OiEarn model, users enjoy enhanced earning potential through transaction volume and task completion.✨… pic.twitter.com/1Zlm58gOKA — SoonVerse❤️AIGG (@soon_verse) July 31, 2024 AI and OiEarn Features Make Arris Popular Among SoonVerse Users The features that have made Arris popular are AI and…

Bitcoin’s price has dropped to a one-month low, reaching $58.5K this week, as confirmed by CryptoQuant, a leading analytic firm. This decline aligns with predictions from their previous report, which highlighted slow demand growth for Bitcoin. Despite the cryptocurrency market remaining in a bull phase, it exhibits the least bullish sentiment observed since March 2023. The ultimate support level for #Bitcoin is $56K; falling below this could lead to a major correction. pic.twitter.com/ZD9xDN6wAm — CryptoQuant.com (@cryptoquant_com) June 28, 2024 CryptoQuant’s latest report details several crucial on-chain metrics to determine whether Bitcoin has reached its price floor and the conditions necessary…

Though investors exiting the Grayscale Ethereum Trust (ETHE) hurt the US spot ETH ETF market’s initial net flows figure, four of the funds saw solid traction. The nine ETFs collectively posted net outflows of $342 million in their first four trading days (July 23-26), according to Farside Investors data. Sizable inflows into products by BlackRock, Bitwise and Fidelity could not make up for the $1.5 billion leaving higher-priced (2.5%) ETHE. Those outflows roughly match those endured by the Grayscale Bitcoin Trust (GBTC) during the product’s first four days as an ETF. Read more: Nomura’s crypto unit to offer yield-bearing ETH…

Shares of Coinbase rose about 2% after the company reported its earnings. The company’s second quarter adjusted Ebitda missed Wall Street’s expectations. Coinbase (COIN) second-quarter revenue beat the Wall Street analysts’ estimates slightly as the industry continues to recover from the crypto winter, sending the crypto exchange’s shares higher. The crypto exchange said its second quarter total revenue was $1.45 billion versus average estimate of about $1.4 billion, according to FactSet. However, the second quarter adjusted Ebitda of $596 million came in lower than the consensus of $607.7 million. Coinbase’s biggest source of income comes from transaction fees, which slipped…