Author: NBTC
Philadelphia FED President Patrick Harker said today that the US Federal Reserve may cut its benchmark interest rate once this year if its economic forecasts come true as expected. At an event hosted by the regional central bank in Philadelphia, Harker outlined his baseline scenario of slowing but above-trend economic growth, a modest increase in the unemployment rate and a “long float” for inflation toward the target. “If all this happens as predicted, I think a rate cut by the end of the year would be appropriate,” Harker said. The FED kept interest rates unchanged at 5.25-5.50% at last week’s…
Renowned short-selling agency Citron Research has praised the original meme cryptocurrency, Dogecoin (DOGE), while it announced that it will no longer short GameStop (GME). The agency sends a newsletter to its customers, in which it informs them about companies that it believes to be overvalued or noticed to be engaged in fraud, scams, etc. It also strives to identify frauds on financial markets and seeks to expose terminal business models. Citron Research glorifies DOGE, sides with GameStop The tweet by the agency quoted by Chinese cryptocurrency blogger and journalist Colin Wu says that Citron Research is not short GME any…
The Pyth Network, a real-time market data platform, has launched its Pull Oracle on Solana (SOL), according to the most recent updates shared with Finbold on June 17. The launch marks a significant advancement for developers on the Solana mainnet-beta, as they can now access Pyth’s oracle prices by requesting updates from the Pythnet appchain. While the Pyth push oracle will remain operational on Solana until June 30, 2024, the new pull oracle is poised to enhance reliability during periods of congestion and expand the number of available price feeds. Overcoming the limitations of the Push Oracle The initial version…
A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning stages. Bearish Indicators Pile Up For A Bitcoin Crash Earlier this week, when the crypto market was still euphoric with the Bitcoin climb above $70,000, crypto analyst Xanrox was one of the few who called a possible decline in price. The analyst took to the TradingView website to share this analysis, where he showed that indicators point to…
Key Points: Pendle Finance has surged to manage $6.4 billion in assets through innovative strategies like splitting yield-generating crypto assets into two tokens. Pendle Finance market strategies have attracted traders with incentives beyond traditional token distributions. Despite criticism over market speculation risks, Pendle aims to expand by integrating traditional fixed-income assets. Pendle Finance, a decentralized finance (DeFi) project, has leveraged innovative market strategies to attract significant attention and assets. Read more: Pendle Review: New Potential In The Swap Market With Impressive Yields Pendle Finance Market Strategies Gain Momentum via Innovative Approach Launched in 2020, Pendle initially struggled with a total…
The Banco Central do Brasil (BCB) has thrown its hat into the digital ring, chasing a dream that many central banks worldwide are flirting with. They’re in bed with tech giants and payment moguls, dancing on the edge of the future. But, like a late-night samba that turns into a full-blown carnaval, things are never as straightforward as they seem. Brazil’s foray into the digital currency landscape is emblematic of a broader global trend. Central banks worldwide are exploring CBDCs to modernize financial systems, enhance transaction efficiencies, and promote financial inclusion. Brazil’s central bank is making notable strides with its…
Despite the global cryptocurrency segment taking a breath, the Toncoin (TON) price shows no signs of exhaustion. After a multi-week rally, it targets fresh capitalization records and onboards dozens of decentralized applications (dApps) daily. Toncoin (TON) up by 5%: Top performing crypto in elite league Today, on June 13, 2024, the price of Toncoin (TON) added almost 5%. It stopped one step from a new ATH over $7.65, while Toncoin (TON) capitalization reached $18.55 billion. Recently, TON replaced veteran cryptocurrency Cardano (ADA) as the 10th largest digital asset. As such, TON is the only asset in the top 20 that…
Mobile game Heroes of Mavia, a crypto-tinged Clash of Clans clone on iOS and Android, announced this weekend that it’s entering “Phase 2: Next Frontier,” which aims to integrate the MAVIA token into its gameplay loop with a set of new features. Elements of the crypto integration will be released gradually over the next four months, and creator Skrice Studios claims that most features have been developed and are currently being tested before full launch. By the end of the phase, the project aims to have created a sustainable token economy and ecosystem. The MAVIA token launched on Ethereum back…
Debuting a referral program with the aim to expand its footprint in the blockchain and crypto spaces, Plume, home to the modular RWA Layer 2 blockchain, today announced a strategic partnership with Alchemy Pay. This strategic alignment is intended to permit businesses to engage with Alchemy Pay’s ramp services, on a trial basis with zero-risk, allowing them a live experience of integration before making any further formal commitment. By adopting this frictionless ramp solution, users will also be able to enjoy the enhanced speed and efficiency of Alchemy Pay. Plume’s incorporation into this program reflects much more than just a…
A widely followed crypto analyst says that Bitcoin (BTC) is on the cusp of entering the parabolic phase of the market cycle. In a new strategy session, pseudonymous crypto trader Rekt Capital tells his 474,000 followers on the social media platform X that it appears as if the crypto king is one weekly close away from going parabolic. However, the analyst notes that most likely, it won’t be weeks until the top crypto asset by market cap makes large moves to the upside. “Bitcoin rejects from the range high of its current reaccumulation range. It’s clear that BTC is only…