Author: NBTC

The decline in Bitcoin (BTC) and altcoins, which began last week with US macro data and decreasing expectations for a Fed interest rate cut, continues as markets prepare for a possible hawkish stance from the Fed. As Bitcoin approaches a 6-week low, investors await the minutes of the Fed’s July meeting and Fed Chair Jerome Powell’s speech in Jackson Hole. As expectations for a Fed rate cut in September waned, increased profit-taking and expectations of a possible hawkish statement from Powell pushed Bitcoin below $113,000. Major altcoins like Ethereum (ETH), XRP, and Cardano (ADA) also experienced significant declines. Speaking to…

Founder of Binance CZ, Changpeng Zhao, opined that Hong Kong ought to have more cryptocurrencies opened up. Hong Kong simply allows being listed on four coins, including Bitcoin, Ether, Avalanche and Chainlink, which, according to him, is not enough to transform the city into a powerful crypto listings hub. He requests regulators to adopt a more lenient regime, such as that of Japan, where licensed exchanges may list more tokens without everyone having to be included in large financial indexes. This flexibility, said CZ, could allow Hong Kong to compete with the U.S., UAE, and Japan as a global crypto…

UAE banks are increasingly entering the crypto ecosystem. UAE digital bank Zand, an AI-powered Fintech and financial services group and CoinMENA FZE, a leading crypto trading platform, have partnered to offer CoinMENA’s clients across the region with seamless and secure fiat-to-crypto integration. As per the press release, clients will be able to transfer funds between their Zand Bank account and CoinMENA wallet. Zand’s AI and blockchain infrastructure will ensure efficient banking services for CoinMENA users. Moreover, the services will cover fiat, crypto, and stablecoin conversions in a secure and seamless manner. Michael Chan, CEO of Zand, notes that they partnered…

MetaMask is a non-custodial cryptocurrency wallet that serves as the primary gateway between web browsers and blockchain networks. Over 100 million users rely on it to interact with Web3 applications while keeping control of their private keys. Since launching in 2016, this browser extension and mobile app have become essential infrastructure for Web3 by removing the technical barriers that once limited blockchain access to specialists. The numbers paint a clear picture of mainstream adoption: billions of transactions processed since 2021, $10 billion in swap volume, and integration with thousands of decentralized applications spanning gaming, finance, and digital collectibles. MetaMask goes…

The digital asset treasury company, Everything Blockchain Inc., is set to become the second publicly-traded entity to adopt an XRP yield-bearing structure created by Flare. As a layer-1 network focused on decentralized finance (DeFi) interoperability, Flare has been focused on expanding institutional adoption for XRP. A press release sent to CryptoPotato revealed that Everything Blockchain has entered a memorandum of understanding (MOU) to adopt Flare’s XRP DeFi (XRPFi) framework. This development comes after the Nasdaq-listed energy solutions provider VivoPower International committed $100 million in XRP to the Flare ecosystem. Everything Blockchain Embraces Flare’s XRPFi According to Flare, the XRPFi strategy…

After Bitcoin surpassed $124,000 last week and reached a new ATH, expectations for a new ATH for Ethereum (ETH) have also increased. ETH, which came very close to breaking its previous ATH in 2021, experienced a sharp decline following macroeconomic data from the US. It is stated that there is a risk of continuing the decline for Ethereum, which fell from the levels of $ 4,700 to $ 4,200. At this point, analysis company Matrixport stated that the rise in Ethereum is due to treasury companies. Sharing its current analysis from the X account, Matrixport stated that Ethereum’s rise depends…

Tony Edward, the host of the Thinking Crypto podcast, pushes back on negative rumors surrounding the world’s largest stablecoin issuer, Tether. Yesterday, Edward slammed critics spreading FUD (fear, uncertainty, and doubt) about Tether, calling them paid actors, engagement farmers, and uninformed commentators. He defended Tether’s credibility by citing evidence of its ongoing expansion in the United States and its connections with prominent financial figures, including Secretary of Commerce Howard Lutnick. A month before this verification, Tether, alongside Cantor Fitzgerald and SoftBank, launched Twenty One Capital, a Bitcoin investment company. The investment company made its debut with a whopping 42,000 BTC…

The Russian government has filed a bill imposing heavy fines and asset seizure for cryptocurrency payments and coin mining without permission. Critics say the legislation will hurt legal businesses, chasing them away to other jurisdictions and depriving Russia of the opportunity to develop its own crypto infrastructure. Russia readies million ruble fines for coin payments and minting The executive power in Moscow is preparing to hit key crypto activities with hefty fines, local media reported, citing a new legislative proposal. The draft federal law “On Amendments to the Code of Administrative Offenses” has been recently submitted to the State Duma,…

South Korean crypto exchange Bithumb recently announced a temporary halt to DYDX deposits and withdrawals. This crucial move, set to begin at 9:00 a.m. UTC on September 2nd, is in preparation for a significant network upgrade for the dYdX (DYDX) token. Understanding the reasons behind such suspensions is key for any cryptocurrency user, ensuring you remain informed and prepared for market fluctuations and operational changes. Why Are DYDX Deposits and Withdrawals Being Suspended? Exchange suspensions of services like DYDX deposits and withdrawals are not uncommon in the fast-evolving world of cryptocurrency. They typically occur for essential reasons that ultimately benefit…

IREN (IREN) reported fourth-quarter results that highlighted rapid progress in both its bitcoin mining and artificial intelligence infrastructure businesses, according to a Friday research report by broker Canaccord Genuity. The broker reiterated its buy rating on the stock and hiked its price target 60% to $37 from $24, citing stronger visibility in both mining and AI revenue streams. In early trading, shares are higher by 25% to $28.75. The company’s mining unit reached an annualized revenue run rate above $1 billion, powered by 50 exahash per second (EH/s) of capacity and one of the industry’s most efficient fleets at 15…