Author: NBTC

Although Bitcoin (BTC) has made gains in the short term, the cryptocurrency is still under pressure amid sustained capital outflows. Most of the market attributes this to the influx of BTC from the Mt. Gox repayments. However, in an X post on July 6, American economist and crypto skeptic Peter Schiff lambasted BTC enthusiasts for attributing the recent slump in Bitcoin’s price to the ongoing repayment of Mt. Gox creditors. Schiff argued that this explanation is overly simplistic and deflects from a more fundamental issue within the cryptocurrency market. He suggested that the selloff reveals a lack of genuine institutional…

Recently, the XRP community has been increasingly concerned about the coming of an XRP ETF, though Valour and 21Shares have existing XRP ETPs. The momentum for an XRP ETF launch has increased, with the U.S. SEC approving spot ETFs for Ethereum and Bitcoin. As a result, XRP enthusiasts are eagerly advocating for a comparable investment product for XRP, expecting it to positively influence XRP’s market price, similar to the effects seen with Ethereum and Bitcoin. Observing the trend, prominent community figure Crypto Eri pondered the significance of discussions around the XRP ETF by pointing out that at least two substantial…

Several members of the U.S. House of Representatives, led by Rep. Adam Schiff, are calling on Google to explain its AI Overviews feature. This tool, integrated into the Google search engine, summarizes information using AI. Schiff and other lawmakers wrote to Google CEO Sundar Pichai about the feature’s inaccuracy and danger. The letter further states that the AI has been pulling information from satirical websites and citing long-debunked conspiracy theories, providing unsuspecting users with wrong information. Letter raises misinformation concerns Schiff underlined the risks of fake information, particularly in the background of Google as a primary source of news and…

Unicaja Bank (Banco Unicaja), a prominent Spanish financial institution, has taken a significant step in the fintech sector by acquiring over 5% of the Bit2Me cryptocurrency exchange. This strategic move establishes Unicaja as the primary financial partner for Bit2Me in Spain. Unicaja recently signed the investment agreement with Bit2Me, one of the leading providers of digital asset services for both individuals and enterprises. This investment is managed by Unicaja Ventures, the bank’s newly established division dedicated to investing in fintech startups. The acquisition highlights Unicaja’s commitment to advancing its position in the evolving financial technology landscape. By participating in this…

Copper, a digital asset custodian, has enhanced its collaboration with the DFINITY Foundation. This development allows institutions to securely manage assets like ckBTC, a multi-chain Bitcoin twin, alongside other chain-key tokens such as ckETH and ckUSDC. It will also provide institutional investors with secure custody and staking of Internet Computer (ICP) assets on Copper’s platform. This partnership brings access to the Service Nervous System (SNS) and Internet Computer Request for Comments (ICRC) token standards, marking a new phase of institutional involvement with the ICP ecosystem. Blockchain interoperability Chain Fusion technology facilitates interoperability with major blockchains, enabling ICP smart contracts to…

Bitcoin and altcoins started to recover after yesterday’s sharp decline. At this point, while BTC rose above $ 56,000, altcoins also experienced increases between 4% and 15%. While wondering whether the increases are short-term or the beginning of a long-term increase, an updated analysis came from QCP Capital analysts. Stating that the level of panic in the market has begun to decrease, QCP analysts cite Mt. He cited selling pressure from Gox and the German Governments. Stating that speculators oversold after the transfers made by Mt.Gox and the German government, analysts wrote that these sales triggered liquidations in the markets…

WadzPay shares Yellow Block Road updates in a Q1 Edition piece. The project is steadily working its way to meet its goals on a global scale. The price of WTK is expected to moon steady with the project’s successes. WadzPay shares its new quarterly edition highlighting all the milestones it hit in Q1 of 2024. Beside a WTK price pump, the project has made impressive headway with its blockchain initiatives and revolutionizing finance using Web3 technology. Our Yellow Block Road is back with its Q1 Edition with embracing Innovations at WadzPay!From pioneering blockchain-based loyalty programs to celebrating the rich diversity…

A debate over political engagement within the crypto community has intensified, with Ethereum co-founder Vitalik Buterin and former BitMEX CEO Arthur Hayes offering contrasting perspectives on the role of ideology and financial incentives in shaping the industry’s future. In an X post, Arthur Hayes, former CEO of BitMEX, responded to Ethereum co-founder Vitalik Buterin’s views on the matter, emphasizing that human motivations, primarily driven by fear and greed, are crucial for understanding the dynamics of cryptocurrency markets. Very well written article. Humans are motivated by fear or greed. “Number go up” taps into greed and I think this impulse can…

A U.S. federal judge has ordered Robinhood Financial LLC to pay $9 million in a lawsuit over its referral program. The case involved a broker’s “refer-a-friend” promotion that allowed unwanted text messages to be sent in Washington. The total payment will be $9 million, including $2.2 million in attorney fees. “Robinhood has agreed to pay $9,000,000 to establish a non-reversionary Settlement Fund to benefit Settlement Class Members who filed claims. It is an excellent result for the approximately 827,327 consumers.” Court filing Judge Barbara Rothstein of the U.S. District Court for the Western District of Washington agreed with the plaintiff’s…

Eden, known for its robust self-custody wallet solutions, has announced a strategic partnership with Orbler, a pioneering Web3 marketing platform. This collaboration aims to fuse the traditional Web2 audience with the burgeoning Web3 ecosystem, leveraging innovative marketing strategies to foster community growth and engagement. Eden’s latest move underscores its commitment to expanding the accessibility and utility of cryptocurrency. By partnering with Orbler, Eden is set to enhance its service offerings, providing users not only with secure crypto storage solutions but also with unique opportunities for engagement and reward within the Web3 space. This partnership marks a key milestone for Eden…