Author: NBTC

Bitcoin traded ticked down slightly after the U.S. central bank left the Federal funds rate intact as analysts had widely expected amid uncertain inflation readings and the Fed’s cautious rhetoric in recent months. BTC was recently trading at $117,777, off 0.1% over the past hour, according to crypto markets data provider CoinGecko. The largest cryptocurrency by market capitalization is down about 4% since hitting a record high near $123,000 two weeks ago. Ethereum, the second largest digital asset by market value, was changing hands at 3,809, a 0.4% increase since Tuesday, same time. ETH has been outperforming BTC and other…

BanXchange has suggested a significant new improvement. The XRP Ledger will form the basis of the company. This ledger is also fast, secure and cheap to transact in. The initiative focuses on the advantage of the retail and institutional users. There is anticipation of an official announcement of the same in coming week. Anticipations are growing by day to day. Market analysts hold the view that this update could trigger increased rates of adoption. Investors have already speculated on the potential effect. There are hopes that the upgrade will introduce new token usages. BanXchange has not disclosed the entire technical…

The Fed held its policy rate steady at 4.50% at its July meeting, in line with expectations. This marked the fifth consecutive meeting where the Fed kept interest rates unchanged. Following the interest rate decision, short-term fluctuations in spot gold, silver, and the US dollar index (DXY) were limited. Markets interpreted the Fed’s statements as cautious but without surprises. The Fed’s Open Market Committee (FOMC) statement stated, “Inflation remains elevated.” Furthermore, the phrase “decreasing uncertainty” from the previous meeting’s statement was removed. This change was interpreted as a message that uncertainty in the economic outlook persists. Other important highlights are…

After the Fed left interest rates unchanged and two Fed members voted against it, Chairman Jerome Powell made a statement and answered questions live on air. Here are all the highlights from Powell’s speech: The economy is in a solid position. Inflation is slightly above targets. The current policy stance puts us in an advantageous position. The Fed remains focused on its dual mandate objectives. Indicators show that economic growth is slowing. The slowdown in growth reflects a slowdown in consumer spending. Housing sector activity remains weak. The unemployment rate remains low and within a narrow range. Labor market conditions…

In June of 2023, Prime Trust, a regulated trust company that was widely regarded as a reliable custodian for digital assets, abruptly shut down. Over the following years, thousands of people and companies whose assets were held by Prime Trust were prevented from accessing their property. As the saga unfolded, it became apparent that Prime Trust had perpetrated a massive fraud for almost a year. Regulators at the Nevada Financial Institutions Division, whose mandate had been to prevent such scams, did not step in until it was too late. Although the size of the fraud was large, with over 80…

Markets are reacting to the Fed’s interest rate decision, amid ongoing concerns over trade policy. Summary The Fed will maintain interest rates steady Trump continues to call for lower rates Tariffs remain a concern for inflation Major U.S. stock indices were up after the expected Fed decision on interest rates. On Wednesday, July 30, the FOMC decided to maintain rates at 4.25% to 4.50%. Low unemployment and still somewhat elevated inflation influenced the decision to postpone a rate cut. Still, the vote was split, with Trump appointees Michelle W. Bowman and Christopher J. Waller arguing for a rate cut. Following…

Tech giants Robinhood, Meta, and Microsoft reported second-quarter 2025 earnings on Wednesday, and all four beat analyst expectations. Their stocks reacted immediately, with each company seeing gains in after-hours trading. According to the financial disclosures released July 30, the reports revealed major growth across key metrics like revenue, user activity, cloud sales, and trading volumes, pushing valuations higher as investors digested the latest numbers. Robinhood closed regular trading at $103.32, up 2.69%, before rising to $103.98 after hours. Meta shares jumped over 10% following the results. Microsoft rose 8%, lifting its market cap past $4.1 trillion. All the results were…

The cumulative market capitalization of public companies that own crypto is now at $160 billion, up from roughly $90 billion to start the year — a new trend in which investors are hungry to get crypto exposure via US equities. This expansion over the last six months reflects a larger trend in corporate treasury strategies, where firms are beginning to look at digital assets and their role as a balance sheet asset on a more mainstream basis. Some of these firms have seen their share price rise by double-digits following the news of their crypto treasury, with markets reacting to…

A new Ripple report reveals global banks are rapidly shifting to blockchain, forecasting a $19 trillion tokenized asset explosion as finance braces for its digital future. $19T in Tokenized Assets Coming? Ripple Says Financial Rails Are Already Shifting Ripple, CB Insights, and the UK Centre for Blockchain Technologies released a report on July 30 examining how traditional finance is investing in blockchain. The report, titled “Banking on Digital Assets,” tracked 345 investments made by global banks between 2020 and 2024, including 33 funding rounds exceeding $100 million. The report described how investment slowed in 2022 during the crypto winter and…

Stocks reversed sharply on Wednesday after Jerome Powell said the Federal Reserve has made “no decisions” on a rate cut for September, ending weeks of speculation across Wall Street and crypto markets. The statement came during a press conference following the Fed’s latest policy meeting and immediately triggered losses across major indexes and crypto assets. Powell also said the central bank is still reviewing how President Donald Trump’s new tariffs are affecting inflation. The S&P 500 dropped 0.12% to close at 6,362.90 after climbing as much as 0.4% earlier in the day. The Dow Jones Industrial Average lost 171.71 points,…