Author: NBTC
Rick Rieder, Chief Investment Officer of Global Fixed Income at BlackRock, predicted that the FED could cut interest rates twice this year as inflation moderates in the coming months. “It’s getting harder and harder for them to do this, but I still think they can do it,” Rieder said in an interview with Bloomberg Television. Rieder’s comments were made in the face of warmer-than-expected economic data in recent weeks, especially the March consumer prices report, pushing Treasury bond yields to the highest levels of 2024. Thereupon, market participants readjusted their expectations regarding the Fed’s easing. Swap traders are now forecasting…
On Thursday, Ripple CEO Brad Garlinghouse took aim at cryptocurrency media outlet Coindesk over its recent article, which portrayed the company’s foray into the crowded stablecoin market as a desperate move. Garlinghouse argues that the negative article is “embarrassing” for the industry. “Childish antics masquerading under what should be a credible brand that leads coverage of the crypto industry,” Garlinghouse added in his post on the X social media network. In the article, Daniel Kuhn, a deputy managing editor for Consensus Magazine, writes that Ripple declared the “death” of the controversial XRP token with its recent stablecoin announcement. Kuhn has…
Thai authorities have decided to block “unauthorized” crypto platforms. The authorities have not named the entities they see as unauthorized, but have asked users to quickly withdraw their assets. Authorities in Thailand have decided to block “unauthorized” crypto platforms to increase the efficiency of law enforcement in solving the problem of online crime, according to an announcement on Friday. After a meeting of the Technology Crime Prevention and Suppression Committee, Thailand’s Securities and Exchange Commission or SEC was ordered to submit information on unauthorized digital asset service providers to the Ministry of Digital Economy and Society to block access to…
Edward Snowden has taken aim at Jamie Dimon, the CEO of JPMorgan Chase, over his recent remarks regarding Bitcoin, sparking a heated debate in the financial world. Dimon’s comparison of the leading cryptocurrency to cigarette smoking has drawn widespread attention and criticism. In a speech at the business summit, Dimon voiced his skepticism about Bitcoin’s utility, citing concerns about its association with illicit activities. While he acknowledged the right of individuals to invest in Bitcoin, the executive emphasized that he personally would not put his money in it. Snowden, the infamous whistleblower and advocate for privacy rights, did not hold…
Chile is tentatively moving toward the launch of a CBDC, with the public seemingly firmly behind the central bank’s plans. Per the media outlet Criptonoticias, the Central Bank of Chile (BCCh) is yet to commit to a CBDC launch. However, a digital peso rollout is looking increasingly likely, with the BCCh announcing it is set to commence Proof-of-Concept (PoC) testing. Chile Central Bank Making CBDC Moves The central bank also conducted a survey. It said that it asked “the general public and representatives of the public and private sectors” for their CBDC-related opinions. The BCCh said almost 90% of survey…
VeChain partners with Tangem for an exclusive hardware wallet, enhancing secure crypto transactions. The collaboration introduces ‘Web3 for B3TR’, a limited edition, credit-card-sized hardware wallet. VeChain, a leading global smart contract platform, is pioneering real-world blockchain applications. This technology forms a collaborative framework, bringing together individuals, businesses, and organizations to fulfill shared objectives. In a significant development, VeChain has joined hands with Tangem, unveiling ‘Web3 for B3TR’, a limited edition, stylish hardware wallet. This partnership aims to revolutionize the blockchain sphere by fostering scalable cooperation among various stakeholders. The collaboration between VeChain and Tangem epitomizes this goal, focusing on hardware…
KuCoin, one of the popular exchanges worldwide, has finally listed $LL. From 8 AM UTC on April 24, 2024, the traders will have an opportunity to trade $LL against USDT. Meanwhile, the deposit will be opened on April 23, 2024, starting from 10 AM UTC. Moreover, it is also important to note that both deposits and withdrawal of $LL will be available on Ethereum Mainnet on KuCoin. $LL gets listed on #KuCoin!Pair: LL/USDTListing time: Apr 24, 2024, 8 AM UTCDeposit opens: Apr 23, 2024, 10 AM UTCDeposits and withdrawals will be available on the Ethereum Mainnet. pic.twitter.com/HfOl5NjrVL — LightLink ⛓️…
We’ve all heard it. There will only ever be 21 million bitcoin. With 19.6 million already mined, time is of the essence to secure one’s rights to a piece of digital sovereignty. But what if the situation was even more paramount? A supply of 21 million is already not enough to go around, and anything less would raise the stakes that much more. To genuinely appreciate the value of bitcoin, one must recognize that the perceived cap of 21 million does not accurately reflect reality. In doing so, not only does a clearer understanding of bitcoin’s true scarcity and value…
Lars Seier Christensen, the co-founder of Saxo Bank, has invested an undisclosed sum of money into Skynet Trading, a digital assets trading and algorithmic software development firm, through his investment arm Seier Capital. Announced yesterday (Monday), the company also received an investment from Edessa Capital. The two investors are the first outside private shareholders of Skynet, as until now, the company was bootstrapped by its co-founders. The investment also came when the dollar value of Bitcoin and several other cryptocurrencies were hovering around their peak. “The addition of Seier Capital and Edessa Capital as private shareholders marks a significant milestone…
In a recent announcement, Ripple, a provider of corporate crypto solutions, unveiled its intention to launch a stablecoin pegged to the U.S. dollar. This move signals Ripple’s entry into the growing stablecoin market, which is currently valued at approximately $150 billion and is projected to expand significantly in the coming years. The stablecoin, fully backed by U.S. dollar deposits, short-term U.S. government treasuries and similar cash equivalents, aims to meet the increasing demand for reliable and secure digital assets. Leveraging its extensive experience in developing financial solutions for institutions worldwide, Ripple plans to make the stablecoin available on the XRP…