Author: NBTC

The Fed is expected to begin gradually reducing interest rates after the latest inflation report showed a cooling trend in inflation and the inflation rate fell to its lowest level in the last three years. Nick Timiraos, often referred to as the “Fed spokesman,” wrote in an op-ed Wednesday that the August Consumer Price Index (CPI) report could prompt the Fed to begin cutting interest rates at its meeting next week. The CPI rose 2.5% annually in August, down from 2.9% in July, marking the fifth straight month of slowing inflation, according to the U.S. Labor Department. The core CPI,…

Ripple CEO shilled the star-studded Ripple Swell 2024 event on Thursday, stating it will be the best yet. Brad Garlinghouse, the CEO of Ripple, has expressed his excitement over a star-stacked speaker list for the upcoming annual Ripple Swell 2024 event. In a post on Thursday, Garlinghouse stated that this year’s edition would be the best version yet. The Ripple boss quoted a tweet from the firm revealing the speakers for the upcoming Ripple Swell event. The list comprised heavyweights in the crypto, fintech, and payment sectors. This year’s Ripple event will happen between October 15 and 16. The payment…

Crypto game aggregator and discovery platform Earn Alliance announced Thursday that it has launched Magic Muffins, a combat game playable through messaging platform Telegram. Magic Muffins lets players create and customize a team of five muffin characters, then tap to battle and defeat various enemies while earning upgrades and rewards. Like other tap-to-earn games on Telegram, Magic Muffins will let players earn crypto rewards, with Earn Alliance’s ALLY token set to launch on October 10. Earn Alliance said the game’s soft launch drew over 5,200 players, who averaged 10-minute play sessions. Players spent 1.3 million gold, Earn Alliance’s in-game currency,…

Fhenix, a trailblazer in Fully Homomorphic Encryption (FHE) Layer 2 solutions, has announced a significant partnership with Celestia, integrating its modular data availability network into the Fhenix ecosystem. This move positions Fhenix at the forefront of privacy-preserving technology by leveraging Celestia’s robust data infrastructure.—Celestia’s modular design offers a high-throughput network that makes transaction data accessible for download by anyone. This feature allows Fhenix to support scalable, privacy-focused applications with enhanced efficiency. By providing reliable data streams, Celestia ensures that Fhenix developers can build applications that use a diverse range of on- and off-chain data sources while maintaining top-notch privacy standards.Guy…

As Bitcoin (BTC) aims to reclaim and hold gains above $55,000, with a long-term target of $60,000, analysts have pointed out that chart patterns suggest it’s time to accumulate. Specifically, according to analyst Captain Faibiki, through an X post on August 6, Bitcoin is indicating what might be the last buying opportunity before a significant bull run. The expert noted that the current Bitcoin chart formations are reminiscent of the 2020-2021 surge following the COVID-19 crash. The analysis includes a detailed comparison highlighting two critical phases in Bitcoin’s recent history. Both phases showed substantial price movements following periods of consolidation…

Binance Labs-backed Solv Protocol is bringing Bitcoin staking to Base via the newly launched Coinbase wrapped Bitcoin token, cbBTC. On Sept. 12, Coinbase revealed that its cbBTC token was now live on Ethereum (ETH) and the layer 2 chain Base. Solv Protocol shared news of its launch of Bitcoin (BTC) staking on Base via in a press release shared with cypto.news. The platform says the unveiling of the cbBTC token, which is backed 1:1 by BTC holdings on Coinbase, offers another opportunity for users on Base to leverage their bitcoin in the decentralized finance market. You might also like: eToro…

The UAE Central Bank has approved OneDegree, Asia’s licensed insurer for digital assets, and Dubai Insurance Company’s issuance of digital assets custodial risk insurance to their customers in UAE. Previously, OneDegree and Dubai Insurance partnered in 2023 and have supported many digital asset companies with their insurance needs. Custodial risk insurance completes the product portfolio and allows the partners to offer a one-stop shop for digital asset companies in the UAE under the brand ‘OneInfinity.’ Dubai’s VARA mandates insurance coverage of digital assets Custodial risk insurance is an essential part of the risk management strategy for digital asset exchanges, custodians,…

Mid-cap meme cryptocurrencies Floki (FLOKI) and Dogwifhat (WIF) are on the list of the worst performing cryptos in the top 100 today. Besides general uncertainty, the largest meme coins are losing liquidity thanks to the growing euphoria around Tron’s meme coin ambitions. FLOKI, WIF meme coins hit by market apathy Today, on Aug. 23, 2024, major meme cryptocurrencies, including Floki (FLOKI) and Dogwifhat (WIF), are losing their valuation. Floki (FLOKI), being down more than 3.8%, is the worst performer in the top 100, according to CoinGecko tracker data. Dogwifhat (WIF), the largest meme coin on Solana (SOL), lost 1% of…

Tap-to-earn games are being introduced on the Telegram platform whereby users can earn cryptocurrency rewards while having fun. Every game has its concept and a way of giving out rewards: Hamster Kombat, Notcoin, Pixelverse, MemeFi Club, and Dotcoin Games. These games are for different types of users to enjoy strategy games and for crypto enthusiasts and those who just want to play. The cryptocurrency industry is experiencing growth in various innovations; tap-to-earn games are the most popular, especially those based on the telegram. These games are revolutionizing how users engage with virtual assets, combining elements of fun and possible profit-making.…

Ramp Network, a U.K.-based crypto payments infrastructure provider, has expanded its services to all 50 U.S. states. The fintech startup announced the expansion of its payment rails to 17 more U.S. states, bringing Bitcoin (BTC) and other digital assets to millions of users. This expansion means Ramp now supports 33 states as well as the District of Columbia, in addition to the newly added states. Ramp shared the milestone via a press release shared with crypto.news on Sept. 10. You might also like: Ether.fi partners Scroll to unveil new Visa ‘Cash’ card Bringing crypto to over 100 million Americans Ramp’s…