Author: NBTC

Attention cryptocurrency users! South Korean crypto exchange Upbit has issued an important announcement concerning NEAR Protocol (NEAR) that could affect your transactions. Staying informed about such updates is crucial for managing your digital assets effectively. Upbit recently confirmed on its official website that it will temporarily suspend NEAR deposits and withdrawals. This measure is a standard procedure to ensure a seamless transition during an upcoming blockchain event. What Does the Upbit Suspension Mean for NEAR Users? The Upbit suspension for NEAR Protocol is scheduled for August 18, at 03:00 UTC. This means that from this specific time, you will not…

Tether’s co-founder and CEO, Paolo Ardoino, started a hot and fresh discussion on the fundamental applications of stablecoins. He drew the audience’s attention towards a sharp contrast between Tether (USDT) and its competitors. On his official X (formerly Twitter) account, Ardoino shared an interesting statistic that 63% of all the transactions involving USDT are only traded in USDT. On the other hand, 78% of stablecoin trades that do not involve USDT also involve multiple crypto assets. This statistic seems like a simple data point, but for Tether, it’s a point of strength to leverage its narrative as the primary digital…

Circle, a major force in the digital currency space and the issuer of the USDC stablecoin, is making significant moves in Circle South Korea. The company aims to deepen its relationships with prominent financial institutions and tech firms, signaling a pivotal moment for digital currency integration in the region. This strategic push highlights Circle’s commitment to global expansion and the broader adoption of regulated stablecoins. It is an exciting development for anyone interested in the future of finance and blockchain technology. Why is Circle Focusing on Circle South Korea? South Korea represents a vibrant and technologically advanced market with a…

On Thursday, President Donald Trump signed a sweeping executive order that ordered federal banking regulators to investigate and punish financial institutions that deny services to individuals or businesses based on their political or religious beliefs. According to a report by The New York Times, the order, which represents one of the strongest executive moves of Trump’s second term, follows developing claims from conservative groups and industries such as cryptocurrency that they have been victims of unfair debanking practices. Confirmed by a White House release, the executive action directs that agencies, including the Federal Reserve, the Office of the Comptroller of…

A $61.3 million transfer of XRP just left Upbit, South Korea’s largest crypto exchange. For a moment, it had the entire community talking. Blockchain trackers flagged the move of 19 million XRP as heading to an “unknown wallet,” sparking the usual round of speculation. Further investigation revealed that the funds never actually left Upbit’s orbit but were instead shuffled between the exchange’s own subwallets. For a platform handling over $4.57 billion in daily spot volume, these kinds of internal transfers are not uncommon, but the size and timing of this one stood out. XRP is one of Upbit’s busiest markets,…

In July, U.S. tariff revenue soared over 300% to a record $29.6 billion, bringing the total raised since March to over $100 billion. Record Tariff Revenue vs. Widening Deficit In a stunning fiscal surge, U.S. tariff revenue skyrocketed by over 300% in July alone, reaching an unprecedented $29.6 billion in a single month. The record-breaking figure lends strong support to President Donald Trump’s long-held claim that imposing tariffs on imports can serve as a powerful revenue-generating tool for the federal government. With this latest windfall, total tariff income since March has now exceeded $100 billion, marking a significant milestone in…

President Donald Trump’s crypto adviser, Bo Hines, exited after only months on the job, and the next in line — his deputy, Patrick Witt — will apparently be shepherding the industry’s political priorities in Washington as it still seeks industry-wide regulations and the institution of a federal crypto stockpile. Witt shares a remarkably similar history with Hines – both ex-football stars who played at Yale before seeking law degrees and falling short in bids for Congress. Witt had a brief stint as a free-agent quarterback for the New Orleans Saints after leading the Yale Bulldogs team that Hines later played…

Web3 gaming funding surged significantly in July, but over half of the total went to a single project, showing a concentration of investment in the sector, according to blockchain analytics platform DappRadar. An Aug. 14 research report by DappRadar analyst Sara Gherghelas revealed that web3 gaming projects raised $60 million in July, a 94% increase from the previous month. And while the overall number suggests a boost in the sector, over half of the funding was concentrated in a single project. Distinct Possibility Studios secured $30.5 million for its first web3 title, Reaper Actual, an open-world MMOFPS on Tezos, in…

Attention cryptocurrency enthusiasts! A significant announcement has emerged from South Korea’s leading crypto exchange, Upbit, impacting users of the promising Berachain network. Upbit has confirmed an urgent Berachain suspension, specifically halting BERA deposits withdrawals, effective August 27th at 09:00 UTC. This move is crucial for supporting an upcoming network upgrade, ensuring the long-term health and efficiency of the Berachain ecosystem. Why is Upbit Implementing This Berachain Suspension? Upbit’s decision to temporarily suspend BERA deposits withdrawals is a standard procedure in the world of decentralized finance. It primarily aims to facilitate a seamless and secure network upgrade for Berachain. These upgrades…

The yen (JPY) strengthened against the dollar (USD) and bitcoin after U.S. Treasury Secretary Scott Bessent said the Bank of Japan is behind the curve on inflation and will probably have to raise interest rates.“The Japanese have an inflation problem  … They’re behind the curve, so they are going to be hiking, and they need to get their inflation problem under control,” Bessent said during an interview with Bloomberg TV. Bessent’s take contrasts with that of BOJ Governor Kazuo Ueda, who has justified moving slowly on rate increases because underlying inflation, which focuses on the strength of domestic demand and…