Author: NBTC

Now is the time to cut rates, three Democrat senators said in a letter to the Fed on Monday. The Fed should move away from its 2% inflation target, the letter added. The Federal Reserve (Fed) has kept the interest rate too high for too long and it’s time for a cut, three Democrat senators said Monday in a letter to the central bank’s chairman, Jerome Powell. “We write today to urge the Federal Reserve (the Fed) to cut the federal funds rate from its current, two-decade-high of 5.5 percent. This sustained period of high interest rates is already slowing…

Key Takeaways High-Potential Early-Stage Investment: DePIN is a new concept – an “Airbnb for everything” – with a potentially massive market size (trillions of dollars) across various industries. This presents an opportunity for crypto investors to get in on the ground floor of a potentially disruptive technology. Focus on Underlying Projects: DePIN covers numerous use cases, including data storage, GPU computing, archival storage, decentralized WiFi, and video streaming. Investors should research using our quantitative and qualitative guidelines to understand each company’s potential growth. Consider the Risks: Despite the potential, DePIN tokens are still a cryptocurrency investment and inherently risky. The…

The Decentralized Physical Infrastructure Network (DePin), Aethir, achieved a significant milestone today. At 10:00 UTC, its ATH token was listed on over 16 centralized crypto exchanges. This includes heavyweights like OKX, Gate.io, and Bitfinex. However, top exchanges such as Binance, Coinbase, and Kraken have not yet listed the ATH token. Crypto Analyst Predicts a Fully Diluted Valuation of $3 Billion For ATH Tokens Aethir harnesses decentralized technology to enhance cloud computing efficiency. The ATH token serves multiple purposes within its ecosystem – it acts as a medium of exchange for gas fees, provides governance, supports staking, and sustains the surrounding…

Australia officially launches its Bitcoin ETFs tomorrow. The Spot BTC ETF success across other nations will surely reflect in Australia as well. The crypto market braces for impact, could this be the trigger to the golden bull run? The Bitcoin ETF narrative continues to gain traction across the world and the next country preparing to welcome its potential. Specifically, Australia’s first Bitcoin ETF will go live tomorrow and the crypto market awaits another surge. BREAKING: 🇦🇺 Australia’s first #Bitcoin ETF to start trading tomorrow. pic.twitter.com/79EyJyHCqV — Bitcoin Archive (@BTC_Archive) June 3, 2024 As another country prepares to embrace Bitcoin ETFs…

TL;DR The Ethereum DeFi ecosystem is experiencing an increase in Uniswap V2 pools on Layer 2 solutions, enhancing scalability and reducing costs. Platforms like Arbitrum, Optimism, and Polygon are leading this advancement by offering efficient environments for decentralized exchanges and liquidity pools. The adoption of Layer 2 reflects Ethereum’s evolution in addressing scalability challenges, boosting market confidence, and driving investment in DeFi innovations. The Ethereum decentralized finance (DeFi) ecosystem continues to grow exponentially, with Layer 2 solutions seeing a significant rise in the creation of Uniswap V2 pools. The industry is taking a crucial step towards improving scalability and reducing…

Earlier this year, Ripple unveiled its plans to acquire Standard Custody & Trust Company, a regulated custodian for digital assets. With all necessary regulatory approvals secured, the acquisition is now finalized. This significant move strengthens Ripple’s existing offerings and opens doors to new opportunities, such as stablecoins, all while maintaining a commitment to regulatory compliance. Ripple’s strategy emphasizes collaborating with global regulators to integrate blockchain into the global financial infrastructure. Earlier this year, Ripple announced its intent to acquire @StandardCustody, and today, we’re pleased to share that the acquisition is now complete!Learn how this deal further enables Ripple to deliver…

Binance users can now purchase multiple crypto assets, including Shiba Inu (SHIB) and XRP (XRP), using their Mastercard once again. This became possible after Mastercard reportedly resumed crypto purchases and deposits via its payment network on Binance. Mastercard Resumes Card Payments on Binance For the uninitiated, Mastercard halted the service in August 2023, at a time when Binance was under significant regulatory and legal scrutiny worldwide. In particular, the leading exchange faced multiple charges from regulators in the United States, including the SEC and CFTC. Last year, Binance and its former CEO Changpeng Zhao (CZ) pleaded guilty to violating the…

The Bitcoin (BTC) price has consistently traded within the $67,000 and $68,000 range for several days. In this analysis, BeInCrypto aims to understand the price action of Bitcoin. Additionally, we have observed a decline in volatility, which can be attributed to various factors. To provide a comprehensive analysis, we’ll explore who is buying and selling Bitcoin. Examining Bitcoin Activity and Vaulting Rates The chart below illustrates the activity rate and vaulting rate of Bitcoin over time, along with its price in USD. Here are the key observations from the chart: Activity Rate (shown in red): The Activity Rate shows how…

Avalon Finance, a well-known Bitcoin DeFi platform adding massive funds to decentralized finance, has initiated a new integration. The company is reportedly integrating with Core DAO (a Bitcoin-driven EVM-compatible blockchain) to expand the Bitcoin DeFi. Core DAO disclosed the news of this integration on its official X account. .@avalonfinance_ integrates with Core!Another step towards the expansion of BTCfi 🔶🔓🟧Explore more about this integration👇 https://t.co/E5G9pHfvKO — Core DAO 🔶 (@Coredao_Org) June 13, 2024 Avalon Finance’s New Integration with Core DAO Targets the Expansion of Bitcoin DeFi In addition to the announcement, the platform shared a blog post on the social media…

Nexus Labs, a notable player in zero-knowledge cryptography, has successfully secured $25 million in a Series A funding round. The funding, co-led by Lightspeed Venture Partners and Pantera Capital, is aimed at scaling the firm’s project. Additional investors include Dragonfly, Faction, and Blockchain Builders Fund, as announced by the company on June 10. Contents hide 1 What Will Nexus Labs Do with the Funding? 2 Why Is This Significant for Blockchain? 3 Key Inferences for Stakeholders What Will Nexus Labs Do with the Funding? The company plans to utilize the new capital to accelerate the development of Nexus 1.0, its…