Author: NBTC
DeFiance Capital CEO Arthur Cheong believes that one crypto sector is meeting the needs of a market much better than all other sectors. In a new interview with Alex Thorn, an executive at crypto financial services firm Galaxy Digital, Cheong says that decentralized finance (DeFi) continues to prove itself as the crypto sector with “the biggest product-market fit.” “Over the past few years, there was a lot of disillusion, because there were a lot of hacks and a lot of business utilization and metrics were non-sustainable after the incentive runs out. But we’ve seen some protocols able to maintain the…
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from last week. In this edition, we examine the recent movements by Brazil to further push de-dollarization within BRICS and how this might affect the trading framework of the entire bloc. Latam Insights Encore: Brazil Called to Lead BRICS De-Dollarization Push Under Lula’s Leadership Brazil will be the main catalyst behind the new de-dollarization projects within the BRICS organization. The country, which has repeatedly called for dethroning the U.S. dollar as a world currency due to the troubles it might present with independent…
Fetch.AI optimizes DeFi trading, smart grids, and more, leveraging AI for large-scale data processing and decentralized tasks. Forta uses AI to secure Web3, deploying decentralized bots to detect threats and safeguard blockchain applications and end users. SingularityNET’s marketplace allows developers to monetize AI tools, with a focus on Knowledge Graphs and Neural Symbolic tools for LLMs. Fetch.AI, Forta, and SingularityNET are transforming the intersection of AI and blockchain with innovative solutions. They tackle industry challenges by optimizing DeFi trading, securing Web3, and decentralizing AI services. These platforms are pushing boundaries and revolutionizing multiple sectors. Fetch.AI Expands AI Accessibility Through Blockchain…
John Deaton, a pro-XRP lawyer and Republican candidate from Massachusetts, is bagging traction in his battle against Senator Elizabeth Warren. Coinbase’s CEO, Brian Armstrong, endorsed Deaton in a fresh X post, and raised questions against the US SEC Chair, Gary Gensler. Sen. Warren and Deaton had already faced each other over crypto policy in their first debate that took place on October 15. The challenger accused Warren of prioritizing an “anti-crypto army” over pressing issues for lower and middle-class citizens. Warren is anti-freedom, suggests Coinbase CEO Brian Armstrong agreeing to the attorney James Murphy’s (aka MetaLawMan) stance asked Massachusetts residents…
The CPI and PPI releases will likely have a large impact on Bitcoin’s price, and the asset may break above the $55k support. The $55,000 price level can be considered a crucial psychological level for Bitcoin investors and its stability may affect the mood in the market. Bitcoin trading volume has fluctuated with expectations of the economic reports which are currently at $32,753,860,881 down by 2. 92%. The cryptocurrency market is at a crossroads as investors look forward to CPI and PPI figures to make their next moves. These economic factors have considerable influence over Bitcoin price movement, which may…
In a noteworthy event in the DeFi sector, Aerodrome has taken the place of a leading entity for the trading volume of the $ETH-$USDC pair. As per the data from DefiLlama, the $ETH-$USDC pool of Aerodrome has outperformed its competitors operating on Ethereum and Arbitrum with an impressive trading volume within the past twenty-four hours, turning it into the highest-volume pool dealing with $ETH-$USDC on-chain. Aerodrome took to its official social media account to discuss this exclusive achievement. ETH Volume Leader ✈️Over the last 24 hours, Aerodrome produced the highest volume ETH – USDC pool onchain, reaching $284M, according to…
Donald Trump’s tax reform proposals could provide partial or full income tax exemptions to 93.2 million Americans, nearly half of the US electorate, according to a report by CNBC. The former president, currently the Republican nominee for the 2024 election, has outlined this vision as part of a broader plan to phase out income taxes. These reforms are focused on eliminating taxes on tips, Social Security benefits, and potentially expanding to include exemptions for firefighters, police officers, and military personnel. His strategy is to shift the revenue burden onto tariffs, particularly through a proposed 20% universal tariff on all imports,…
TL;DR Bittensor (TAO) led crypto discussions on September 23, driven by an 80% weekly surge, while the lesser-known Hamster (HAM) gained attention after its airdrop controversy. Near Protocol (NEAR) ranked third in trending assets, experiencing a 30% price spike in a week. What Drives the Interest? The crypto market started the week on the right foot, with numerous assets witnessing substantial price increases or capturing investors’ attention for other reasons. Bitcoin (BTC), Ethereum (ETH), and many more leading cryptocurrencies have been at the forefront of gains on a weekly scale, but according to analytics platform Santiment, they did not see…
The FCA is defending its stringent crypto firm registration process despite concerns that the approach may hinder innovation. The U.K. Financial Conduct Authority is reaffirming its commitment to a rigorous registration process for crypto businesses, addressing concerns that these tough standards could hinder innovation in the industry. In a blog post on Oct. 21, Val Smith, head of payments and digital assets at the FCA, defended the agency’s stance, asserting that the FCA’s experts “never turn applications down out of hand.” “We know that setting and maintaining standards people can trust is a key part of any thriving, competitive sector.…
Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a market intelligence platform, disclosed a new positive change in Bitcoin’s price movements. The platform revealed in an X (formerly Twitter) post that Bitcoin’s market value has experienced a notable uptick, skyrocketing to $57,600 this week. Notably, Bitcoin’s price surged more than 4.8% on Monday, September…