Author: NBTC
In a recent interview on Peter McCormack’s “What Bitcoin Did” podcast, macro strategist Lyn Alden provided an in-depth analysis of central banking, fractional reserve banking, and the potential impact of Bitcoin on these systems. The Role of Central Banks Alden begins by discussing the historical context and primary functions of central banks. Alden explains that central banks, like the Bank of England, were initially established to help fund wars and later evolved to serve as lenders of last resort. Alden notes that this role is crucial because fractional reserve banking systems are inherently unstable and prone to bank runs. Fractional…
SSV Network, a decentralized infrastructure enabling an Ethereum validator’s distributed operation, has announced a partnership with Lido Finance. The collaboration between SSV Network and Lido Finance intends to broaden Lido’s node-operator set and increase decentralization with the launch of the Community Staking Module. The platform took to its official X account to offer insights into this endeavor. The Community Staking Module of @LidoFinance has recently launched on the Holesky testnet, and is already attracting many participants!Did you know that you can easily run CSM validators on SSV with no hardware required, all while remaining fully Ethereum-aligned? 🤖 pic.twitter.com/N1KJFiB2hd — SSV…
The cryptocurrency market is abuzz in anticipation of the launch of Ethereum ETFs. But algorithmic trading firm Wintermute suggests that demand may not be as strong as some analysts predict. The anticipated launch of Ethereum ETFs, six months after the successful launch of spot Bitcoin ETFs, has generated significant interest. Spot Bitcoin ETFs raised an impressive $13.8 billion in their first 100 trading days. Despite the excitement generated by the launch of Ethereum ETFs on July 23, market experts are divided on their potential performance. “Analysts have mixed views on Ethereum ETFs, with most estimates putting one-year annual flows in…
The Federal Reserve Board said the termination of an enforcement action against Silvergate Bank and its holding company, Silvergate Capital Corporation, according to a July 26 press release. The action, effective since May 2023, required the bank to liquidate and wind down its operations in a manner that protected its depositors. The Fed’s decision comes after Silvergate successfully completed its liquidation and wind-down plan, having paid back all deposits to its customers and ceased its operations as a bank. This marks a significant closure for the bank, which has faced considerable challenges since its collapse in March 2023. Silvergate collapse…
Cobie, a well-known figure within the crypto community has recently made a significant asset transaction. As per the prominent on-chain analytics platform Lookonchain, Cobie reportedly transferred up to 3.64 million $LDO coins, equaling nearly $6.69M, to Wintermute OTC wallet just eight hours ago. The analytics provider took to its official X account to offer details of this event. Cobie(@cobie) transferred 3.64M $LDO($6.69M) to Wintermute OTC wallet 8 hours ago.Cobie received 7.5M $LDO($13.87M) from the #Lido team on Dec 17, 2020.https://t.co/FEKlhguIRw pic.twitter.com/yfSacNYBpP — Lookonchain (@lookonchain) July 23, 2024 Cobie’s New Transaction of 3.64M $LDO Coins to Wintermute OTC Wallet Ignites Speculations…
Robinhood has introduced joint investing accounts that enable users to manage investments together. By consolidating assets into a single account, families and partners can enhance their investment strategies, the Nasdaq-listed firm mentioned today (Thursday). Robinhood’s joint accounts aim to streamline the investment process by enabling users to merge their individual accounts into one shared account with just a few taps. This unified approach promises to simplify management and ensure that account holders can better monitor and control their financial assets. Speaking about the new offering, Steve Quirk, the Chief Brokerage Officer at Robinhood, said: “At Robinhood, we understand that investing…
Avalanche, a leading blockchain platform, has announced a significant update that aims to democratize the creation of dedicated gaming blockchains. Traditionally, launching a blockchain required substantial initial investments and technical barriers, which often deterred innovation, especially among independent and smaller game developers. However, Avalanche is set to change this landscape with its new initiative to facilitate easier and more cost-effective blockchain creation. The innovative move by Avalanche introduces a “pay-as-you-go” system for its Layer 1 (L1) networks. This development eliminates the need for developers to lock up a large amount of AVAX, Avalanche’s native token, per validator to support their…
Bitcoin’s price has tumbled over the past few days amid increased selling pressure from Mt. Gox repayments and a bleak economic outlook. Despite that, El Salvador still buys one Bitcoin (BTC) every day. According to data from BitInfoCharts, a cold wallet controlled by the El Salvador government has accumulated 1 BTC since mid-March, when Salvadoran President Nayib Bukele transferred the country’s BTC holdings to the cold wallet and published the address. El Salvador still acquires 1 BTC per day At the time of transfer, El Salvador held around 5,600 BTC, worth over $400 million. Bukele called the wallet El Salvador’s…
Wall Street’s best and brightest are diving headfirst into tokenizing real-world assets, but they’re hitting a fork in the road: do they play it safe or venture into crypto’s Wild West? The world of finance is getting a blockchain makeover, with Wall Street leading the charge in turning traditional assets digital. But as banks and asset managers push further into this new frontier, they’re facing a tough choice: stick to the safer, controlled environments they know, or risk it all in the untamed wilderness of decentralized finance (DeFi). DeFi, for the uninitiated, is like the crypto world’s version of financial…
Samson Mow, Bitcoin maximalist and JAN3 chief executive officer, has posted a critical statement about ETH price performance while spot Ethereum ETFs are about to start trading. Meanwhile, during the past 24 hours, the second largest cryptocurrency by the market capitalization size, Ethereum, has declined by slightly more than 3%. “Ethereum performing abysmally”: Samson Mow Vocal Bitcoiner, who constantly slams altcoins, including the biggest one, Ethereum, Mow noted in a recent X post that “Ethereum sure is performing abysmally” while it has been already confirmed that spot Ethereum exchange-traded funds (ETFs) are about to start trading. Mow assumed that perhaps…