Author: NBTC
Fold recently released its Direct to Bitcoin feature as part of a set of features that the team at Fold calls its Bitcoin Checking Account. Fold Users can now auto-convert anywhere from 1% to 100% of their fiat deposits to bitcoin from a checking account through which they can also make payments. This new feature is the first of many that the company plans to release in the coming months that will help its users more easily live on a bitcoin standard. You can now transition to a bitcoin standard in two taps using @fold_app.Earn in bitcoin and maintain access…
Three Democratic senators called on the Fed to lower its benchmark interest rate, arguing that the current high interest rate is exacerbating inflation rather than curbing it. Democratic Senators Urge Federal Reserve to Cut Interest Rate Due to Inflation Concerns Senators Elizabeth Warren (D-Mass.), Jacky Rosen (D-Nev.) and John Hickenlooper (D-Colo.) sent a letter to Federal Reserve Chairman Jerome Powell, which currently stands at 5.5%, the highest in two decades. He called for an immediate reduction in the federal funds rate. “We write today to urge the Federal Reserve to lower the federal funds rate from a two-decade high of…
The Polkadot community is exploring a substantial $8.8 million sponsorship opportunity with Lionel Messi’s Inter Miami Football Club. This move aims to capitalize on the football club’s extensive global reach and exposure while strategically showcasing the capabilities of the Polkadot ecosystem. Moreover, it represents the latest strategic effort by the Polkadot community toward elevating the blockchain network’s visibility beyond the crypto industry through sports-related marketing endeavors. The David Beckham-owned club is a powerhouse within the American soccer league, boasting one of the most prominent social media presences among sports teams in the United States. Interestingly, after signing several high-profile players,…
Billionaire entrepreneur Mark Cuban recently commented on the potential impact of cryptocurrencies on the 2024 US presidential election, suggesting that former President Donald Trump may have an advantage over incumbent President Joe Biden due to his stance on crypto regulations. Cuban noted the important role of cryptocurrencies in the upcoming elections, especially in light of President Biden’s loyalty to Securities and Exchange Commission (SEC) Chairman Gary Gensler. While Cuban expressed doubt that Biden or Trump fully understand cryptocurrencies despite Trump’s NFT-related fundraising efforts, he said crypto fan votes could be a crucial factor differentiating the candidates. “I have said many…
Coindisco, a trailblazing crypto payments marketplace, has unveiled a strategic partnership with MoonPay, the foremost Web3 infrastructure company, providing seamless, secure, and efficient solutions.—MoonPay is globally renowned for its Web3 payment services, supporting over 50 digital currencies and boasting more than 20 million verified accounts across 180 countries. By integrating MoonPay’s comprehensive suite of payment solutions, Coindisco enhances its platform, offering users a broader range of payment options and facilitating easier access to Web3.Coindisco’s Key AdvantagesSaved Payment Methods: Users can save their preferred payment methods for faster transactions, enhancing convenience and the overall user experience.Curated Insights: Personalized insights are provided…
The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data. This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month. According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter. The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index…
In a curveball move, PleasrDAO, a crypto collective that collects objects of cultural relevance, announced on Thursday that it will soon begin selling encrypted, on-chain copies of “Once Upon a Time in Shaolin,” the one-of-a-kind Wu-Tang Clan record that PleasrDAO acquired in 2021 for $4 million. The encrypted album will be made available today via a dedicated website for $1, according to a press release shared with Decrypt. The NFTs will live on Base, the rising Ethereum layer-2 scaling network from Coinbase, and their distribution will be handled by PleasrDAO in collaboration with Privy, Crossmint, and Holograph. Thanks to the…
Cryptocurrencies dipped Tuesday while US equities posted mixed returns midway through Tuesday’s session as investors awaited inflation data and an update from the Federal Reserve. Bitcoin and ether were each trading around 4% lower over 24 hours at time of publication, according to Coinbase. Bitcoin hovered around $66,900 after briefly breaching the $70,000 level Monday. The S&P 500 and Nasdaq Composite indexes were mostly flat, losing 0.2% and gaining 0.15%, respectively, at time of publication. Federal Open Market Committee members gathered Tuesday morning for the first day of their two-day policy setting meeting. Central bankers are expected to release their…
Cables Finance launched on the Stellar mainnet recently, becoming the first decentralized exchange on Soroban, Stellar’s scalable smart contracts platform. Cables offers a semi-decentralized approach, combining centralized liquidity with the autonomy of self-custody, offering the best of both worlds. The Stellar ecosystem continues to grow, and the latest addition is Cables Finance, an innovative decentralized exchange (DEX) that combines the best of both worlds to offer a unique trading platform for users. Cables Finance integrated into the Stellar network last week, becoming the first DEX to launch on Soroban, Stellar’s developer-friendly smart contracts platform. As Crypto News Flash reported, Soroban…
Blockchain intel firm TRM Labs says China-based precursor manufacturers received over $26 million in crypto in 2023, with around 60% of payments were made in Bitcoin. Cryptocurrency appears to be becoming a more preferred payment method for Chinese drug manufacturers as the amount of crypto deposited into wallets linked to these entities soared sixfold from 2022 to 2023, according to TRM Labs, a blockchain intel firm backed by JPMorgan Chase, Visa, Citi, and PayPal among others. In a recent research report shared with crypto.news, analysts at TRM Labs revealed that deposits into addresses linked to Chinese drug producers more than…