Author: NBTC

In recent comments that the crypto markets took note of, Fed Chair Jerome Powell stated that the U.S. economy has not seen inflation return as the central bank’s target, indicating that interest rate cuts are unlikely to occur anytime soon. “The recent data have clearly not given us greater confidence, and instead indicate that it’s likely to take longer than expected to achieve that confidence,” Powell said during a central banking forum. The Fed chair added that while inflation is still falling, it is not moving fast enough. Echoing recent statements by central bank officials, Powell indicated that the current…

RippleX, the developer arm of Ripple, has urged node operators to upgrade to version 2.1.1. If they fail to update to the new version in a timely fashion, they will be amendment blocked. The latest version of the reference server implementation of the XRPL became available a week ago. It has introduced an important amendment that is supposed to fix a critical Automated Market Maker (AMM) vulnerability. The AMM bug fix is going to be activated this Thursday, which is why RippleX is urging node operators to perform the upgrade. As reported by U.Today, the AMM amendment went live on…

Bitcoin, the world’s largest cryptocurrency, experienced a decline overnight and fell to $66,700 before making a partial recovery. This significant 8% drop occurred as over $100 million in Bitcoin long positions were wiped out, marking a turbulent start to the day for digital asset investors. CoinGlass data revealed that over $100 million in long positions were liquidated in the last 12 hours alone, and another $167 million in long positions were liquidated in the previous 24 hours. Bitcoin’s recent pullback from record highs has coincided with pressure on gold and other assets, including Wall Street’s tech-heavy index Nasdaq. Analysts attribute…

Following its successful Bitcoin ETF launch, BlackRock, the world’s largest asset manager, is now eyeing Saudi Arabia. The company aims to expand its presence in the kingdom’s financial sector. Why BlackRock Aims to Expand in Saudi Arabia According to Bloomberg, BlackRock’s CEO, Larry Fink, frequently visits Riyadh and has engaged directly with Crown Prince Mohammed bin Salman. The firm was the first major global investment manager to open an office in Riyadh, emphasizing its commitment to the Saudi market. This strategic move places BlackRock in a prime position to access the state-owned Public Investment Fund (PIF), which controls approximately $925…

The upcoming Bitcoin halving has become a major driver of market speculation. VeChain founder Sunny Lu suggests that the evolving impact of regulation will significantly impact Bitcoin’s trajectory after the upcoming halving event. VeChain Founder: “The Power of Macro Effects is Now Felt Rather than the Halving” “If we compare this cycle with the previous one, the impact of regulation becomes evident,” Lu said in an email. Lu also explained that regulatory actions since the last halving in May 2020 have also driven significant price movements. Lu mentioned that the Bitcoin price reached all-time highs after the previous halving in…

In an exciting development for the gaming and cryptocurrency communities, FlokiFi has officially partnered with Mars Battle as its main utility partner. This collaboration marks a significant milestone for both entities, ensuring a robust future for the Mars Battle ecosystem and its native $SHOOT token. Securing the Battlefield with FlokiFi Mars Battle, following the successful launch of the $SHOOT token which raised significant capital, has chosen FlokiFi’s renowned Token Locking platform to secure its assets. The $SHOOT token, currently valued between $3.5 to $4 million, has been securely locked for 12 months within the FlokiFi protocol, demonstrating a strong commitment…

Aiming to enrich trading offerings and provide users with greater flexibility, Binance Futures is preparing to launch several new perpetual contracts with USDC margins and increased leverage options. Binance Futures Introduces New Perpetual Contracts with Enhanced Leverage Options Upcoming additions to Binance Futures include the ARBUSDC Perpetual Contract, which will be launched on April 18, 2024 at 10:00 AM and offers up to 50x leverage. Shortly after, the NEOUSDC Perpetual Contract will also be introduced at 10:15 AM on the same day, again offering up to 50x leverage. Additionally, the FILUSDC Perpetual Contract is scheduled to launch on April 18,…

Bitcoin is already in retreat following its all-time high of $73,580 this week, but will today’s big expiry event send prices tumbling lower? Around 30,600 Bitcoin options contracts will expire on March 15 with a notional value of around $2.45 billion. This week’s expiry event is slightly larger than last week’s, but a huge one worth almost $10 billion will occur at the end of March. Bitcoin Options Expiry The put/call ratio for today’s batch of Bitcoin options is 0.78 which means there are slightly more calls (long contracts) being sold than puts (shorts). There is a lot of open…

Singapore-based QCP Capital is expanding to Abu Dhabi in a partnership with Further Ventures. Abu Dhabi is making its mark on the map as an institutional crypto hub. Singapore-based cryptocurrency trading firm QCP Capital and Further Ventures on Wednesday announced in Dubai a partnership to expand into the Middle Eastern markets by offering new digital-asset financial and derivatives product offerings. QCP said that it plans to open an office in Abu Dhabi, while Further Ventures will use its broker-dealer license and custodial platforms to facilitate sales of new products. “Abu Dhabi is unique because it has one of the most…

The IOTA Foundation has unveiled a key program aimed at advancing the real-world asset (RWA) tokenization ecosystem on IOTA. The 12-week accelerator is a collaboration with early-stage venture capital firm Tenity and will offer grants and other resources for early-stage projects in the areas of RWA, decentralized finance (DeFi), DeFi institutional services and infrastructure. The IOTA Ecosystem DLT Foundation announces that the IOTA APAC Accelerator program will provide a $50,000 grant to selected projects. Projects will have a demo day at Token2049. These startups will use IOTA EVM technology, as per the details in the blog post. Dominik SCHIENER said…