Author: NBTC
Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked on long-term borrowing costs, specifically the 10-year Treasury yield. “He and I are focused on the 10-year Treasury,” Scott said. “He is not calling for the Fed to lower rates.” Scott’s claims are a bit odd since as Cryptopolitan reported on Jan. 24, Trump did say “I’ll demand that interest rates drop immediately. And likewise, they…
Cardano founder Charles Hoskinson has revealed that his team is having discussions with enterprise blockchain company Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. “We are actively talking,” he said in a recent post. This comes amid social media discussions about Cardano’s failure to integrate popular stablecoins such as USDC. The Switzerland-based Cardano Foundation had such an opportunity back in 2021, but a deal with Circle, the issuer of USDC, did not go through, according to Hoskinson. At the same, Hoskinson has rejected the idea of IOG funding such ecosystem initiatives, stating that the company’s private profits are…
Roger Ver, an early bitcoin investor and outspoken advocate for financial freedom, recently sat down with Mario Nawfal for a revealing interview about his ongoing legal battle. Roger Ver Speaks: ‘This Isn’t About Taxes It’s About My Political Views’ Roger Ver, who renounced his U.S. citizenship in 2014, faces allegations of tax evasion, charges he calls politically motivated. Now, with his final extradition appeal denied in Spain, he could be forcibly sent to the United States at any time. Ver described his ordeal as a targeted attack against those who challenge centralized financial systems. “This isn’t about taxes,” he said…
Data shows that a Bitcoin indicator has recently formed a pattern that has proved to be quite bullish regarding the cryptocurrency’s price. Bitcoin Coinbase Premium Index Has Crossed Above Its 14-Day SMA In a new post on X, the on-chain analytics firm CryptoQuant has discussed a pattern that has recently formed in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” is an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This indicator is useful for determining how the buying or selling behaviors differ between…
As Bitcoin fluctuates under the $98,000 mark, Ethereum is aiming to bounce back from its $2,700 support level. Despite a pullback of 3.38% over the past 28 hours, the intraday recovery of 2.2% limits the bearish intensity. The bulls are trying to make a comeback. Will this intraday pullback propel ETH price back above the $3,000 psychological mark? Let’s find out. Ethereum Price Downtrends Amid EMA Bearish Crossovers In the daily chart, the ETH price trend reveals the breakdown of a falling wedge pattern. Since then, alternating days of green and red candles continue for Ethereum, reflecting market uncertainty. Ethereum…
U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note. “He and I are focused on the 10-year Treasury,” Bessent told Fox Business when asked about plans to lower interest rates. “He is not calling for the Fed to lower interest rates,” Bessent added. The 10-year yield, the so-called risk-free rate, influences most long-term loans in the economy, including mortgages and business loans. Thus, a declining 10-year yield encourages borrowing and investment, increasing risk-taking in the economy and financial markets. Thus, softening…
The Hong Kong government has approved the use of BTC and Ethereum for immigration applications. Travelers can use these coins as proof of assets required by authorities. The move comes after two successful cases where applicants from mainland China used crypto holdings in their residency applications According to reports, Hong Kong-based accountant Xiao Yaohe revealed that on February 7, a client successfully applied for investment immigration using HK$30M worth of ETH as proof of assets. In another case, one applicant was approved after presenting Bitcoin holdings as their financial proof. These cases mark the first instances of crypto being accepted…
I couldn’t tell you exactly how many hours I’ve spent mining fake gems in the mobile game Idle Mine, which pays out real Bitcoin as you play—but it’s probably more than I’d like to admit. It’s surely more than is warranted, based on how much Bitcoin I’ve banked. Like mobile developer Fumb Games’ other Bitcoin-earning titles, including Bitcoin Miner and SpaceY, Idle Mine is a simple, nearly mindless experience that rewards regular play on iOS or Android by paying out stacks of satoshis (aka 1/100,000,000 BTC). Screenshots from Idle Mine. Image: Decrypt Idle Mine tasks you with mining digital gems…
Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,500 support zone. Bitcoin Price Dips Below $100K Bitcoin price started a decent upward move above the…
Ether (ETH) has underperformed other cryptocurrencies in recent months as the Ethereum blockchain has faced “intense” competition from other networks, Wall Street bank JPMorgan (JPM) said in a research report on Wednesday. The token lacks a compelling narrative like that of its larger peer bitcoin (BTC, the bank said, adding that bitcoin benefits from its perception as a store of value and as digital gold. Despite upgrades, such as Dencun, activity has shifted from the main Ethereum network to its layer 2’s, which is detrimental to the blockchain’s growth, the report said. The network’s latest upgrade, Pectra, is likely to…