Author: NBTC
Rumors concerning Coinbase and BlackRock were scuttled by industry experts this week. Crypto analyst Tyler Durden had accused the exchange of allowing BlackRock to borrow bitcoin without providing collateral, which would allow for market manipulation. Rumors alleging Coinbase (COIN) was issuing bitcoin IOUs to BlackRock were quickly shut down by industry experts as well as Coinbase CEO Brian Armstrong on Monday. Over the weekend, well-followed X crypto analyst Tyler Durden accused Coinbase of allowing BlackRock – the issuer behind the largest spot bitcoin exchange-traded fund – to borrow bitcoin without providing collateral, which would allow manipulation of the market and…
The Trump family-backed crypto project, World Liberty Financial, is set to launch its WLFI token presale on Tuesday, with over 100,000 accredited U.S. investors whitelisted. The project aims to raise $300 million, valuing the venture at $1.5 billion. WLFI will serve as a governance token for the platform, which will allow users to engage in borrowing, lending, and other DeFi activities. The Trump family-backed World Liberty Financial has whitelisted over 100,000 accredited U.S. investors ahead of its Tuesday token launch, the project said in an X spaces on Monday. The presale of World Liberty Financial’s WLFI token goes live in…
The Brazilian Central Bank is opening the drex CBDC pilot to new entrants, aiming to test more advanced use cases and privacy solutions for the project’s second phase. Thirteen use cases have been confirmed, including carbon credits, agricultural bonds, and foreign trade platforms. Brazilian Central Banks Opens CBDC Pilot to New Consortiums Brazil is preparing to deepen the activities surrounding its central bank digital currency (CBDC) pilot, drex. The Central Bank of Brazil announced the pilot project’s opening to more participants, aiming to expand the testing of more complex use cases in the platform. New consortiums will be able to…
Bitcoin (BTC) prices are in an upward correction and moving sideways at the same time. Price analysis by Coinidol.com. Long-term prediction of the Bitcoin price: fluctuating Bitcoin’s upward momentum has paused at a high of $60,730, with a retracement below the 50-day SMA. The largest cryptocurrency is trading above the 21-day SMA support but below the 50-day SMA resistance. The price of the cryptocurrency is trapped between the moving average lines with bulls and bears unable to make a breakout or breakout. Currently, Bitcoin price is rising as it approaches the 50-day SMA resistance level. Bitcoin will rise to $65,000…
The allure of tokenizing RWA is the promise to revolutionize the way we think about value, access and liquidity. As leading organizations such as McKinsey & Co. mark the potential of the industry at nearly $4 trillion by 2030, it’s important that we ensure investors are well informed of the benefits of RWA and how best to evaluate the merits of each offering. Tokenizing RWA is meant to be a solution that solves systemic problems, not a solution looking for a problem. The drawback with tokenizing anything and everything is that the market becomes saturated with tokenized assets that lack…
Bitcoin (BTC) rose 5% to $61,000 in early trading hours in the U.S. on Tuesday, as the overall cryptocurrency market surged ahead of the Federal Reserve’s highly anticipated meeting. The central bank is expected to announce its first benchmark interest rate cut in four years, fueling optimism in the digital asset space. Bitcoin climbed to a three-week high of $61,330 before paring some of its gains and was trading just below $61,000 by midday. The asset is up more than 5% in the past 24 hours. “As we look ahead, a lot of the focus will be around positioning for…
Robert Kiyosaki is famous as an investor and the author of the popular book on asset management “Rich Dad Poor Dad”. Today, he addressed the millions of his X followers to discuss an important issue. Exposing “fake” US dollar Kiyosaki once again drew the attention of the community to the fact that the US dollar is no longer what it used to be. In 1971, he tweeted, US president Richard Nixon deprived the dollar of the gold backing and since then “the US dollar was propped up via US Treasuries and bonds,” Kiyosaki stated. Since then, he says, the US…
Top 7 ICO, a famous platform that tracks impending crypto events, has issued the list of the top crucial blockchain events for next week. As per Top 7 ICO, the prominent blockchain events to take place in the next seven days will reportedly display important developments for many highly expected projects taking into account Immutable ($IMX), Sui Network ($SUI), AutoLayer ($LAY3R), and Optimism ($OP). The platform took to its official social media account to share the list of these events. Top Upcoming Events of the Next WeekWe compiled a list of top important upcoming events of the next week (Sep…
On September 16, 2024, Bitcoin exchange-traded funds (ETFs) in the U.S. saw a significant reduction in net inflows compared to the previous week. After reaching a total of $263 million in inflows, the net flow dropped sharply to $12.8 million, coinciding with a decline in Bitcoin’s price over the weekend. Despite this drop, certain ETFs continued to gain traction, including those managed by prominent institutions such as BlackRock and Fidelity. BlackRock’s Bitcoin ETF (IBIT) led the way with inflows of $15.8 million, marking a recovery for the fund after 13 consecutive days without positive net flows. Other Bitcoin ETFs such…
A potential Trump administration is unlikely to devalue the dollar deliberately, Trump’s go-to man on economics Scott Bessent told Financial Times. Trump’s inflationary-imports tariffs plan will be eventually watered down, Bessent added. A new U.S. government potentially headed by Donald Trump would support a strong dollar in line with the U.S.’ multi-decade policy, Trump’s go-to-economic advisor Scott Bessent told Financial Times (FT) on Sunday, downplaying concerns of dollar devaluation under Trump’s presidency. With Election Day fast approaching on Nov. 5, Democrat Kamala Harris is losing ground to supposedly pro-crypto Republican Donald Trump in Polymarket’s prediction markets. Early this year, Trump…