Author: NBTC
A big name in crypto, Ripple’s CTO David Schwartz, chimed in on the whole “where to keep your crypto” debate. While he did not outright diss platforms like Coinbase, he did remind everyone that if an exchange goes belly-up, your crypto might be going with it. This all started with someone asking about FDIC insurance for their USD on Coinbase. Schwartz explained that FDIC only protects your cash if the bank fails, not the exchange itself. Basically, if Coinbase goes bust and the bank does not have enough to cover everyone, you are out of luck. I have no particular…
On July 8, Katie Stockton, founder and managing partner of Fairlead Strategies, appeared on CNBC’s “Squawk Box” to share her insights on Bitcoin’s recent volatility and broader market trends. In her conversation with co-host Joe Kernen, Stockton provided a detailed analysis of the current state of the cryptocurrency market and the technical indicators that investors should watch. Katie Stockton began by addressing Bitcoin’s recent decline, noting that the cryptocurrency had fallen below $55,000 for the first time since February. Source: TradingView Stockton explained that this drop followed the announcement from Mt. Gox that it had begun making repayments nearly a…
stabble, an innovative solution for optimized liquidity management in Solana’s dApps, begins its mainnet operations. Through its instruments, DEX traders and liquidity providers can operate their assets in more resource-efficient ways. stabble mainnet now opened for Solana’s DEXes stabble, an ambitious Solana frictionless liquidity and trading layer, debuts its mainnet operations after months of stress testing. Technically, stabble unlocked its mainnet opportunities for DEXes, indicating a shift toward protocol-managed liquidity and arbitrage for improved capital efficiency. The project’s mainnet launch builds on advancements in its initial integration with DefiLlama, which activated a couple of user-centric features such as support for…
In a recent statement, credit rating agency Moody’s shared its analysis of the expected course of the US economy. The organization predicts that the FED may start policy easing with a 25 basis point (BP) reduction at the meeting to be held on July 30-31. Moody’s also expects the Fed interest rate to be reduced by 50-75 basis points in 2024 and another 100-125 basis points by 2025. This forecast is made at a time when inflation is approaching the FED’s 2% target and concerns are growing that the strength of the labor market will be long-lasting as the FED…
Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains. With the Solana integration, the platform now supports 100 blockchains. “As the Web3 space becomes more fragmented, the need for a unified asset management solution becomes critical,” said Eduardo Alves, founder of Pulsar Finance, told crypto.news. Solana-based meme coins have been under the spotlight lately, with several tokens witnessing massive surges in prices. For instance, Dogwifhat rose by 400% in March, while Lucky Boo, another community-driven memecoin, sold out its first presale round in mere hours. With several other memecoins being launched and several projects migrating…
Crypto exchange Kraken said it received Mt. Gox creditors’ funds, according to an email statement seen by CryptoSlate. According to the email: “We have successfully received creditor funds (BTC and BCH) from the Mt. Gox Trustee. While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.” Earlier today, Mt. Gox transferred approximately 92,000 BTC, valued at $5.8 billion, to four unnamed addresses, according to the blockchain analytical platform…
So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader patterns as more defensive strategies are sought. Analysts from the ETC Group report have noted a substantial increase in the…
API3, a prominent player in the decentralized oracle network that enables APIs to feed data directly into blockchain smart contracts, has announced a strategic integration with IronClad Finance. This collaboration aims to revolutionize the decentralized lending market on the Mode network, marking a significant advancement in the accessibility and functionality of DeFi (decentralized finance) applications. IronClad Finance, known for its robust DeFi solutions within the Superchain ecosystem, has adopted the API3 Oracle Stack to enhance its lending services. This integration facilitates a more secure and reliable data flow, crucial for the accuracy and efficiency of financial services on the blockchain.…
Traders and investors were waiting for Fed Chairman Jerome Powell’s speech to the Washington, DC Economic Club at noon on Monday. Here are important excerpts from Powell’s speech: The economy has performed quite well in the last few years. I’m grateful the former president’s injury wasn’t more serious. The labor market has gradually become more balanced. The US economy has performed quite well in the last few years. The economy was expected to slow this year and inflation would continue to advance; Something similar happens. Some further progress was made on inflation in the second quarter. The economy was expected…
PEPE is on a strong upward trend with a 145% gain in May and rising market demand. MANTA shows impressive growth, rising 10.4% in a week, driven by significant transaction increases. STRK gains momentum with a 21% increase, boosted by Vitalik Buterin’s million-dollar grant endorsement. With the expected altcoin rally clearing the crypto market, the hype surrounding altcoins has reached a fever pitch. With expanding benefits within the case of numerous cryptocurrencies, the anticipation is even higher. Overall, with the never-ending demand for altcoins, this week is set for higher investor returns. Based on that, PEPE, MANTA, and STRK are…