Author: NBTC
Money flowed back into Bitcoin exchange-traded funds (ETFs) and other crypto investment vehicles last week—just in time for the Federal Reserve’s key meeting tomorrow. Data from Jersey-based digital asset manager CoinShares showed on Monday that a total of $436 million hit funds that give exposure to cryptocurrencies. This came after a period of outflows where investors cashed out $1.2 billion in a bearish trend, including $726 million the week before last. Most of that money that flowed in last week was focused on the new American Bitcoin ETFs, CoinShares said. Top asset managers such as BlackRock, Fidelity, and Grayscale released…
Telegram-based game Hamster Kombat amasses a substantial user base with its engaging gameplay and robust ecosystem. The innovative $HMSTR token airdrop, scheduled for September 2024, promises to be the largest in cryptocurrency history. The subsequent listing of $HMSTR tokens, slated for October or November 2024, is expected to enhance liquidity and represent a significant milestone for the project. This article delves into the major developments surrounding Hamster Kombat, highlighting the upcoming $HMSTR airdrop and subsequent token listing, offering a comprehensive overview for potential investors and enthusiasts. Hamster Kombat’s Meteoric Rise and Community Engagement Hamster Kombat, a revolutionary tap-to-earn game hosted…
In the digital asset world, the only valid rival for Bitcoin asides Ethereum is often regarded as Gold. So far, many analysts and experts have continued to make comparisons between these two assets especially to see what price Bitcoin could trade at if it had the same market cap as Gold. Speaking on a similar topic, Peter Brandt, a trading guru with decades of experience in the trading space has recently shared insights, focusing his analysis on the ongoing rivalry between Bitcoin and gold, positioning them as contenders for the coveted title of the “ultimate Store-of-Value.” Notably, the insights shared…
It’s widely accepted that our current banking system has significant flaws. Beyond systemic and geopolitical risks — like restricted borders, time zone barriers, and central bank dependencies — there are challenges with bank wires, international settlements, and the inconsistent availability of credit. A fundamental issue lies in the mismatch between banks’ balance sheets and their leverage. When a bank faces liquidity or insolvency issues, as seen with First Republic and Silicon Valley Bank in March 2023, depositors risk becoming creditors in a bankruptcy unless the government intervenes — leaving taxpayers to cover the fallout. This fragility has led to growing…
American Express partners with Ripple, integrating $XRP for faster international payments. The collaboration reduces cross-border transaction times from days to seconds. Ripple’s blockchain boosts American Express’s global reach and cuts transaction costs. American Express has officially announced its partnership with Ripple, incorporating $XRP into its international payment solutions. This collaboration underscores the growing influence of blockchain technology in traditional financial services and marks a notable milestone for both companies. BREAKING NEWS: 💳 American Express has officially announced its collaboration with @Ripple, embracing $XRP for international payment solutions. #XRP 🚀🌖 — Brett Hill (@Brett_Crypto_X) August 19, 2024 XRP Streamlines Global Transactions…
Jeremy Allaire, CEO of Circle, has expressed strong optimism about the United States emerging as a global frontrunner in cryptocurrency innovation and development. Through a series of posts on the social media platform X, Allaire highlighted a shift in the U.S. government’s approach, suggesting that previous hostility towards the digital asset industry is diminishing. Why Does Allaire Believe the U.S. Will Lead? Contrary to the belief that the U.S. is unfriendly to crypto enterprises, Allaire argues that the nation is on the cusp of embracing the cryptocurrency sector. He emphasizes that the U.S. is poised to play a decisive role…
Sunny Lu proposes suspending Quadratic Voting and Quadratic Funding in VeBetterDAO to address Sybil’s attack issues. The temporary removal aims to protect the DAO’s decision-making process and ecosystem integrity. Sunny Lu, founder and CEO of VeChain, has proposed to temporarily suspend the Quadratic Voting (QV) and Quadratic Funding mechanisms within the VeBetterDAO framework. This move aims to address significant concerns regarding Sybil attacks that have impacted the ecosystem. 📢 Proposal alert! Check it out on #VeBetterDao and join me in building a sustainable future 🌱🔗 Vote now: https://t.co/ZjrbmgWxI4 💫 #VeBetterDAO #Vechain — Sunny LU @VeChain (@sunshinelu24) August 19, 2024 The…
The head of strategy at crypto investment firm 21shares has explained that the broad-based bitcoin selloff following the Federal Reserve’s decision to keep interest rates unchanged was partly due to increasing geopolitical tensions in the Middle East and fears of conflict escalation, leading to a temporary flight to safety. He also noted that anticipated interest rate cuts in September, November, and December could boost global liquidity and benefit risk assets like bitcoin. Impact of Interest Rates on Bitcoin and Market Dynamics Eliézer Ndinga, Vice President and Head of Strategy and Business Development at 21.co, the parent company of 21shares, shared…
Elvira Nabiullina, head of Russia’s central bank, has highlighted challenges in cross-border settlements, including payment issues and falling trade volumes. She emphasized the importance of finding new solutions, such as using digital currencies and cooperating with global partners, to address these issues. Russia Faces Cross-Border Payment Issues Amid Declining Trade Russian Central Bank Governor Elvira Nabiullina has outlined several issues Russia is facing with cross-border settlements, including difficulties with import payments and declining trade volumes, Tass reported on Friday. Speaking after the central bank’s board of directors meeting on the key rate, she emphasized the Bank of Russia’s focus on…
Despite recent challenges, including declining trading volumes and criticism of platforms like Pump.fun, analysts believe meme coins may be on the brink of an unprecedented upturn. They suggest an impending meme coin supercycle driven by unique market trends and investor sentiments. Meme Coin Market Short-Term Recovery The meme coin market recently showed signs of revival, with an overall market capitalization increase of 6% in just 24 hours, now totaling approximately $40.85 billion. Leading this uptick, Popcat (POPCAT) saw its value jump by nearly 30%. Similarly, Dogwifhat (WIF) and Brett (BRETT) followed with gains of 14.5% and 14.3%, respectively, according to…