Author: NBTC
Renowned commodities trader Peter Brandt has shared a tweet thread published by The Kobeissi Letter, an entity that provides top-tier expertise commentary on global capital markets and events happening in them. The Kobeissi Letter revealed a major development regarding the Federal Reserve’s recent actions regarding managing inflation, and interest rates in particular. It says that, basically, now we are witnessing “the biggest market to Fed disconnect in history.” Legendary trader Brandt directed a significant critique to the U.S. central bank and its chairman Jerome Powell, making a comment on the aforementioned thread. Peter Brandt tweeted: “The Fed and its feeble…
Self Chain, a Layer 1 blockchain focused on intent, has announced its collaboration with LinqAI, a premier provider of intelligent AI solutions and SaaS ecosystems. This partnership can potentially revolutionize Web3 in terms of intended compact design incorporating artificial intelligence for supreme scalability, efficiency, and security. 📢 Partnership Announcement 📢We’re excited to welcome @linq_ai to the Self Chain Ecosystem!Together, we’re building a smarter, more efficient Web3 landscape powered by intent-driven design and AI innovation. 🧵⤵️ pic.twitter.com/W35vL5Kebj — Self Chain (@selfchainxyz) December 26, 2024 About LinqAI LinqAI is the epitome of innovation, changing how work is done through its agentic AI…
Rich Dad Poor Dad author Robert Kiyosaki warns bitcoin could crash to $60,000, revealing his strategy to capitalize on the dip for future gains. Robert Kiyosaki Prepares for $60K Bitcoin Crash Renowned author Robert Kiyosaki, famous for his book Rich Dad Poor Dad, shared more insights about bitcoin, forecasting a potential dip before a long-term surge. Co-authored with Sharon Lechter, Kiyosaki’s 1997 bestseller has sold over 32 million copies, translated into 51 languages, and stayed on the New York Times Best Seller list for more than six years. On Sunday, Kiyosaki warned on social media platform X about a possible…
The Coinbase Chief Legal Officer Paul Grewal took to X to demand answers after learning from the AIMA survey that 75% of crypto hedge funds face issues with accessing basic banking services. None of the traditional alternative investment managers (e.g., real estate) experienced similar troubles with the banks. The Grewal’s X post raises questions that have already been circulating in the media for quite a while. You have probably heard of Operation Choke Point 2.0 or read about the redacted documents published by Coinbase in which the Federal Deposit Insurance Corporation openly asks banks to pause all the operations associated…
The US Department of the Treasury and the Internal Revenue Service (IRS) have released the final version of its broker rules to digital assets services providers, which includes provisions on requiring DeFi protocols to conduct Know-Your-Customer (KYC) procedures. Industry experts have already criticized the new provision for being unlawful and out of the Treasury’s regulatory reach. The regulations require brokers who take possession of digital assets on behalf of customers, including DeFi front-ends as brokers, to report sales and exchanges and track and report user activity. Since a broker must report user tax, the new rule requires DeFi front-ends to…
Sonic, formerly Fantom, has passed the first stage of launching Aave’s third-generation lending protocol on its blockchain. An on-chain temperature check to advance Aave v3 deployment on the newly launched Sonic layer-1 network reached a quorum on Dec. 27, per a snapshot vote. The check sought to assess community support for integrating Aave, the largest decentralized finance lending protocol, with Sonic’s blockchain. Aave Chain, a major delegate at the AaveDAO, submitted the proposal, which will proceed to the Aave Request for Comment stage, allowing feedback from governance members and service providers. A successful ARFC would unlock a final Aave Improvement…
After a consistent dip last week, Bitcoin(BTC) shows signs of recovery at $97,585, even as BTC market share fell to 56.75%. Notably, in the early hours, Bitcoin briefly broke through the $98,000 mark. Bitcoin Market Trends At the time of writing, Bitcoin’s 24-hour trading volume has surged by 16.12%, reaching $37.92 billion. Meanwhile, its market cap has increased by 1.39%, reaching a staggering $1.93 trillion. As the seventh most valuable asset globally, Bitcoin might surpass Alphabet (Google), which holds a market cap of $2.08 trillion, if this surge continues. Courtesy: Coinmarketcap Technical indicators show mixed but optimistic signals. The Relative…
Cardano founder Charles Hoskinson provides more insight into his discussions with Ripple execs Brad Garlinghouse and David Schwartz, hinting at potential collaboration with the XRP ecosystem. During a recent interview on the Cardano-focused YouTube channel Big Pey, Hoskinson revealed that he had a productive conversation with Garlinghouse and Schwartz. He suggested that the engagement marked a positive shift from their previously strained relationship as both parties have since moved past these issues. Potential Partnership Between XRP and Cardano Ecosystems According to Hoskinson, the discussion focused on the respective roles of Cardano and XRP within the crypto ecosystem. He also revealed…
Tether’s USDT stablecoin faces mounting regulatory uncertainty as the European Union’s Markets in Crypto-Assets Regulation (MiCA) takes effect on December 30. The new framework imposes strict compliance requirements for stablecoins, raising questions about USDT’s operational status across the EU. Amid this uncertainty, many on crypto Twitter have been spreading FUD (fear, uncertainty, and doubt) about Tether, speculating on its compliance and future stability under the new rules. Coinbase has already delisted USDT in anticipation of MiCA regulations, while major exchanges including Binance and Crypto.com continue trading the stablecoin as they await regulatory guidance. “No regulators have explicitly stated that USDT…
AssetLink RWA DePIN AI, a global market leader in real-world asset tokenization and decentralized physical infrastructure networks (DePIN), is honored to announce it has entered into a strategic partnership with Kima Network. The advantage of this interaction is that it promotes RWA and optimizes the RWA tokenization and cross-transaction chain in the blockchain industry. 🚀 We’re thrilled to announce our partnership with @KimaNetwork!Together, we’re revolutionizing #RWA tokenization and cross-chain payments. This collaboration marks a big step toward making #blockchain technology more accessible and user-friendly.With #Kima’s Cross-Chain… pic.twitter.com/VbXngk7YOB — AssetLink: RWA DePIN AI (@AtivoLabs) December 26, 2024 Simplifying Blockchain Transactions with…