Author: NBTC
Most people spend their lives striving for financial freedom, yet many find themselves constrained by institutions designed to safeguard money. When we place our hard-earned cash in the hands of centralised entities, we surrender a degree of control over our finances. Once we conform to the norms of traditional banking, we become vulnerable to issues such as unexpected fees, limited access to funds, and the risk of institutional failure. Decentralised exchanges (DEXs) offer a solution to institutional issues by providing greater autonomy and security over assets. By removing intermediaries, DEXs allow traders direct control of their finances, creating a transparent…
MicroStrategy co-founder Michael Saylor recently took to the X social media network to spotlight the impressive performance of his company’s stock, which recently managed to outperform such heavy hitters as Amazon (AMNZ) and Alphabet (GOOGL) in terms of trading volume on Friday. “Bitcoin makes the Magnificent 8,” Saylor said in his social media post. MicroStrategy (MSTR) managed to generate $5.8 billion in trading volume during the last trading session of this week. For comparison, Amazon (AMNZ) and Alphabet (GOOGL) logged $5.5 billion and $2.4 billion, respectively. The Magnificent 7 stocks represent the elite group of tech companies that are considered…
In a recent discussion on the X social media platform, Ethereum co-founder Vitalik Buterin explained the meaning of the name of the pet dog that is believed to be his. He did not confirm this fact of owning it, though. Vitalik’s dog is believed to be named either Misha (a Russian name, analogue of Michael) or MICHI – a Chinese for to “squint” – which seems to be similar to it phonetically. When asked about the MICHI dog and whether it belongs to him, Vitalik responded that this name seems to be self-explanatory and added hieroglyphs to show how it…
Legendary trader Peter Brandt and long-time crypto skeptic Peter Schiff have clashed heads over the BTC/Gold debate. It started with Schiff pointing to Bitcoin ETF weak performance, according to the financial expert, with gains under 10% since its launch. Gold, on the other hand, is up 24%. As of today’s close, Bitcoin ETF gains since launch have been reduced to just under 10%, while $GLD is still up 24%. Therefore, investors made 140% greater returns by buying #gold instead of #Bitcoin. https://t.co/nX66MU2n57 — Peter Schiff (@PeterSchiff) September 6, 2024 Brandt replied, urging to look at the Gold/BTC debate with a…
Wall Street executives are headed to Saudi Arabia’s annual Future Investment Initiative (FII) in Riyadh, lured by promises of investment and Saudi Arabia’s $1 trillion Public Investment Fund (PIF). Big names like David Solomon from Goldman Sachs, Larry Fink of BlackRock, and Citigroup’s Jane Fraser are expected to be at the event, which fills Riyadh’s luxurious hotels and showcases Saudi’s Vision 2030. This initiative plans to transform the kingdom’s economy, reducing its reliance on oil and bolstering other sectors. The FII, launched in 2017, puts Saudi’s influence on display, despite rising regional tensions. But there’s a different atmosphere this year.…
Shiba Inu community figure Lola challenges economist Peter Schiff to invest in SHIB after he missed the Bitcoin boom. Recently, Schiff, a renowned Bitcoin critic, reiterated his stance on gold as a safe-haven investment. He expressed that the current strength of technology stocks and cryptocurrencies is diminishing interest in gold mining stocks. Meanwhile, he noted that rising concerns over inflation and increasing bond yields are dampening the appeal of riskier assets. According to Schiff, this scenario will likely prompt investors to shift their focus toward gold as a safer investment. He suggests that stagflation, characterized by stagnant economic growth and…
Crypto analyst Grey BTC warns that Bitcoin’s price could plummet to $44,000 in the coming weeks, citing market sell-offs and historical patterns. In a recent video posted on X, he urged crypto investors to reassess their strategies to navigate the anticipated downturn. Grey highlights several key factors contributing to this prediction. A major factor is the ongoing distribution of Bitcoin from the Mt. Gox rehabilitation program. Mt. Gox, the defunct cryptocurrency exchange, recently began redistributing Bitcoin to creditors, leading to increased selling pressure. According to Grey, around 60,000 Bitcoins have already been distributed, with more expected to be sold off,…
VeChain Global Technology received a U.S. patent for a new blockchain-based system that uses several decentralized architecture to securely handle identity data. The patent builds on VeChain’s prior innovations and highlights its growing role in blockchain-based solutions. VeChain Global Technology has achieved a significant milestone with the approval of a new U.S. patent. This new patent will help it expand its portfolio of innovations within blockchain technology. The patent, titled “Methods and Devices for Managing User Identity Authentication Data,” was granted on September 17, 2024. The latest patent seeks to streamline the management of user identity authentication through an advanced…
As discussions heat up around Bitcoin ETFs, SEC Commissioner Hester Peirce critiques the agency’s sluggish approval processes, establishing a clear divide in regulatory standards. Peirce’s advocacy for Bitcoin ETF approvals traces back to 2018, revealing a persistent concern regarding the SEC’s inconsistent criteria compared to conventional financial products. “The court found the SEC’s previous reasoning to be ‘arbitrary and capricious,’” Peirce noted, underscoring the judicial influence on regulatory reforms. SEC’s slow approval of Bitcoin ETFs raises concerns over regulatory standards as Hester Peirce advocates for timely decisions and balanced oversight. The Impact of Judicial Oversight on Bitcoin ETF Approvals The…
Bitcoin (BTC) is currently undergoing a notable correction as market fears surrounding the overall economy’s health, exacerbated by disappointing jobs data, continue to grow. Amid the current sentiment, cryptocurrency trading analyst Alan Santana has warned that investors should brace for further losses below the crucial $50,000 mark. In a TradingView post, Santana highlighted that Bitcoin’s 2024 trading pattern is dominated by a bearish trend, which he referred to as a “capitulation event.” Santana’s outlook suggested that the correction phase, which has already lasted over four months, could extend for another seven to nine months. He has previously noted that bearish…