Author: NBTC
Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has predicted that international trade will migrate to CBDC for settlements during the next five years. Aksakov stressed that not many countries have made progress using these digital currencies, but he believes this will be addressed soon. Russian State Duma Official Bets on National CBDC as Future of International Trade Settlements More countries consider central bank digital currencies (CBDC) as part of their future financial trade infrastructure. Anatoly Aksakov, Chairman of the Russian State Duma Financial Markets Committee, has stated that he believes using CBDC for international trade settlements…
Shibarium, the Shiba Inu ecosystem blockchain, recently welcomed over 13,000 new accounts in a single day, marking a new all-time record. While the crypto market has slipped into a bearish trend, Shibarium has continued to hit record levels in adoption, suggesting resilience among network participants. One of its latest feats involved a record 13K+ new accounts on the blockchain network in a single day. The Crypto Basic confirmed yesterday that Shibarium is witnessing a surge in key metrics despite the market turbulence. One such metric was the total number of accounts on the network, which recently saw a sharp increase…
Axelar has announced support for Polygon Amoy (Sepolia) and Linea Sepolia testnets. This move follows a previous announcement with the name of Goerli Deprecation and New Ethereum Sepolia, Layer 2 Sepolia Support with Axelar. The initiative aims to continue supporting developers in building innovative applications. GM builders!We now support @0xPolygon Amoy and @LineaBuild Sepolia testnets! 🧪Check out the devblog for details 👀https://t.co/4IOSoPzWAu pic.twitter.com/1R8dR2RIAY — Axelar Network (@axelarnetwork) June 8, 2024 Axelar Enhances Developer Capabilities with Sepolia Support From the perception of developers who create dapps and smart contracts, a testnet works as a production network. It makes it possible to…
Bitcoin’s (BTC) 30-day correlation with the Nasdaq 100 Index of US technology stocks is nearing its highest level since early 2023, as reported by Bloomberg. This means that further gains in the index might be followed by a similar upward movement performed by BTC. Image: Bloomberg Additionally, Mike Novogratz stated on Bloomberg Television that a “more positive US political environment for digital assets” might propel BTC to $100,000 by the end of the year. However, if Bitcoin is ready to start its path to Novogratz’s prediction, following further upside from Nasdaq 100, is yet to be defined by the weekly…
Citigroup Inc. and JPMorgan Chase & Co. Economists revised their forecasts for the FED’s interest rate cut. These companies, which were among the last few economists to previously predict a rate cut in July, have now changed their expectations. Citigroup changed its forecasts after the release of stronger-than-expected employment data for May. The bank now predicts that US policymakers will make their first moves in September, while JPMorgan does not foresee any changes until November. Andrew Hollenhorst, Citigroup’s chief U.S. economist, explained the shift in a recent report. “We are shifting our base scenario for the first interest rate cut…
Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. The impacts of the climate crisis are becoming increasingly difficult to ignore. Yet, our approaches to monitoring and addressing this existential challenge often feel outdated and inadequate. The decades-old climate models we rely on have significant limitations, failing to provide the hyperlocal, real-time, and comprehensive data we need. You might also like: Creating a resilient and sustainable blockchain-as-a-service for all | Opinion Early climate models were constrained by the computing power of the time, unable to incorporate…
Semler Scientific is continuing to add bitcoin to its treasury with a $17 million purchase and an announcement that it’s raising $150 million so it can buy more. Its May announcement of a $40 million bitcoin purchase drove the company’s stock up 25%. Publicly traded Semler Scientific (SMLR), a healthcare business that broadened its corporate strategy to also include buying bitcoin (BTC), said it’s buying $17 million more of the digital currency and preparing to raise $150 million so it can purchase even more. “Semler remains focused on our two strategies of expanding our healthcare business and acquiring and holding…
Core Scientific Inc., a significant player in the Bitcoin (BTC) mining industry, has rejected an unsolicited $1 billion takeover offer from artificial intelligence (AI) startup CoreWeave Inc. as more and more companies scamper to latch onto the crypto bandwagon. Core Scientific rejects takeover bid Core Scientific, one of North America’s largest owners and operators of high-powered digital infrastructure for Bitcoin mining and hosting services, received an unsolicited non-binding proposal from CoreWeave to acquire all of its outstanding shares on a fully diluted basis for $5.75 per share in cash. The proposal, valuing Core Scientific at $5.75 per share, was made…
A wallet affiliated with bankrupt exchange FTX has been spotted migrating crypto funds to a new destination, largely the platform’s native token, FTX. Lookonchain, a crypto surveillance account on X, called attention to this latest move from FTX in an update. 6 hours ago, FTX: FTT Treasury transferred all assets to a new wallet, including:195.87M $FTT($246.8M)1,938 $ETH($5.94M)6.36M $JOE($3.25M)Address:0x2a4F8d77bAde18256b1BDB3cF8782645037f60d3 pic.twitter.com/vJXmYsC2Ek — Lookonchain (@lookonchain) April 19, 2024 Per the revelation, FTX’s treasury wallet transferred all assets to a new wallet in multiple transactions within the last 24 hours. Of the moving tokens, FTT wields the most staggering dollar sum. Specifically, the wallet…
Bitcoin spot selling on exchanges weighed on prices with a built up of short derivatives positions around the $72,000 level, one observer noted. Soft U.S. economic data, rate cuts could foreshadow dovish a Fed meeting next week. Bitcoin (BTC) is increasingly compressed in a narrow range as the latest effort to rally past $72,000 stalled Thursday. BTC rallied to $71,700 earlier during the day following the European Central Bank (ECB)’s rate cut, but quickly tumbled nearly dipping below $70,000 before bouncing to $70,600 at press time, down about 1% over the past 24 hours, CoinDesk’s Bitcoin index data shows. Well-followed…