Author: NBTC

A recently released inflation report has led to a significant shift in expectations regarding the Fed’s interest rate cut schedule. The March inflation report caused a major shift in forecasts by sell-side banks and other Fed watchers, according to Wall Street Journal reporter Nick Timiraos. Previously, many people predicted that interest rates would be cut as early as June. But now the consensus has changed and many think the first rate cut will not happen until the third quarter of this year. There has also been a significant shift towards expectations of just one or two rate cuts this year.…

Leading DNS domain provider D3 Global has expanded its payment options to include Shiba Inu and BONE on Shibarium as part of its latest upgrade. Amid the growing adoption blockchain and Web3 have witnessed over the years, proponents have begun securing custom-made blockchain-based domain names. D3 Global stands out as a domain name service provider actively facilitating this move. The firm provides domain name services to individuals looking to secure Web3 domain names. However, most recently, its latest upgrade now makes provision for payments in Shiba Inu and Bone ShibaSwap (BONE), the governance token of the ShibaSwap ecosystem. D3 disclosed…

South Africa has started licensing crypto firms, with Luno among the first batch of companies to receive regulatory approval. Regulators in the country have said around 60 firms are set to receive approval by April. Crypto exchange Luno received a license from South Africa’s financial regulator, the company said Thursday, becoming one of the first crypto entities to be regulated in the country. In a statement, the company said it received approval as a financial product under the Financial Advisory and Intermediary Services Act, 2002 (FAIS). Luno PTY LTD now appears on FSCA’s registry of authorized entities. The South African…

Standard Chartered increased its year-end bitcoin price forecast by 50% to $150,000. The bank also predicted BTC will reach a high for the cycle of $250,000 during 2025 before settling around $200,000. The ether price could climb to $8,000 by year-end if a spot exchange-traded fund is approved in the U.S. Standard Chartered (STAN) raised its year-end forecast for bitcoin’s (BTC) price to $150,000 from $100,000. The bank also predicted BTC will reach a high for the cycle of $250,000 next year before settling around $200,000, according to an emailed investment note on Monday. Standard Chartered based its analysis on…

Around 70% to 80% of transactions in the crypto secondary market transactions occur between crypto assets and stablecoins. The South Korean government’s welcoming stance, coupled with the high popularity of crypto assets in the country, are among the reasons why the won is now the second most-used fiat currency. Decline in 2021/2 Crypto-to-Stablecoin Volumes According to the latest analysis by the European Securities and Markets Authority (ESMA) of the crypto asset market structure, approximately 70% to 80% of secondary market transactions occur between crypto assets and stablecoins, with no involvement or use of fiat currencies. While this is often the…

TON started life as a project by Telegram but was picked up by members of its community after the messaging app abandoned it due to legal action from the SEC. Native token Toncoin was largely unmoved immediately following the announcement. The stewards of the TON ecosystem have formed a partnership with HashKey Group, the parent company of the Hong Kong-licensed crypto exchange of the same name. One of the aims of the partnership is to increase provision for on- and off-ramping of crypto and fiat to Asia-Pacific users of the wallet service in messaging app Telegram. The TON blockchain started…

A law firm specializing in crypto taxation recently filed a trade secrets lawsuit in an Illinois US District Court. It names a competitor and a former employee as defendants, alleging misappropriation of confidential materials through YouTube videos. These include templates, client forms, and other proprietary information. In the lawsuit, Gordon Law Group sued ex-employee Justin McCormick and his current employer, Founder’s CPA on four grounds. McCormick’s tenure at Gordon Law spanned less than nine months, from Dec. 4, 2021 to Aug. 16, 2022. Now, he is a senior associate within the digital asset department at Founder’s CPA, an organization offering…

Prominent Chinese crypto journalist and blogger Colin Wu, who often shares an insider perspective on the cryptocurrency space on X/Twitter, has reminded the community that later this week the scheduled FOMC meeting will take place. During this event, the U.S. Fed Reserve will make a fundamental announcement that is likely to impact the future movement of the Bitcoin price. Interest rate decision coming According to the tweet published by the aforementioned insider, during a FOMC meeting scheduled for March 20, Wednesday, U.S. Federal Reserve chairman Jerome Powell will announce the Fed’s decision on the interest rate. However, data published by…

Eclipse Fi, a famous DeFi liquidity and launch protocol, has announced an exclusive integration. The company has asserted that it is integrating KinetixFi (a prominent decentralized exchange) to provide a one-stop shop for DeFi-related services and products. On its official X account, the firm mentioned that KinetixFi operates under the Kava network. 🚨 The $KFI Kinetix IDO on Eclipse Fi is coming soon!@KinetixFi is a one-stop shop for everything DeFi. They’re an EVM-based project, built on the Kava network, looking to make DeFi easier, more efficient and overall better for everyone. – A team that built one of @0xPolygon… pic.twitter.com/clneyfyb5s…

Private equity firm EQT AB has agreed to sell Rimes Technologies to Five Arrows, Rothschild & Co.’s alternative assets division. This news, announced by EQT, involves the company and its co-shareholders selling Rimes to Five Arrows Long Term Fund (FALT) and Five Arrows Principal Investments (FAPI). EQT to sell data management tech firm Rimes to Five Arrows https://t.co/1LOFxb5884Swedish Fintech firm EQT has agreed to sell Rimes to Rothschild & Co.’s alternative assets unit Five Arrows. — 📍FinTech.CEO 📍CBDCs.AI (@CryptectiveHQ) April 13, 2024 The exact sale price hasn’t been revealed, but Bloomberg News reports that the transaction values Rimes at anywhere…