Author: NBTC
Yuzo Kano, founder and CEO of leading Japan-based exchange Bitflyer, says that Modern Monetary Theory (MMT) could lead to all kinds of economic and societal ills, including runaway inflation and loss of faith in money. The former Goldman Sachs trader noted on X that “inflation may never stop” should MMT be implemented more and more — a big problem for already struggling Japan. While American doom scrollers talk incessantly about Trump and Harris, and others — more understandably in a sense — mourn a murdered squirrel named Peanut, Yuzo Kano is warning about the danger of implementing Modern Monetary Theory…
Stacks, a prominent Layer-2 platform designed on the Bitcoin network, is making waves in the decentralized application and smart contracts sector with the inauguration of the Stacks Asia Foundation. This newly established foundation is strategically designed to cultivate the Stacks ecosystem within the Asian market. Remarkably, it has successfully acquired $15 million in funding from private investors to facilitate its mission. Contents hide 1 How Will Asia Benefit? 2 What Are the Recent Achievements? 3 Key Insights and Market Implications How Will Asia Benefit? The Stacks Asia Foundation is set to enhance Bitcoin’s decentralized finance (DeFi) potential through Stacks’ Layer-2…
The U.S. Department of Justice (DOJ) has launched a new website to collect information and statements from those affected by the 2016 Bitfinex hack. This initiative aims to reach potential victims, including Bitfinex account holders, who may have been harmed by the theft and subsequent money laundering scheme involving 120,000 stolen Bitcoins. The Department of Justice encourages affected individuals to exercise their rights under the Crime Victims Rights Act (CVRA) and share how they were affected by the hack. In 2016, hacker Ilya Lichtenstein infiltrated Bitfinex and stole a significant amount of Bitcoin. To conceal the source of the stolen…
Pundi X to Integrate Alchemy Pay into Decentralized Payment Platform by Q1 2025 Blockchain technology firm Pundi X has announced that it will integrate Alchemy Pay, a leading crypto payment gateway, into its upcoming decentralized payment platform in the first quarter of 2025. This integration aims to facilitate fiat-to-crypto and crypto-to-fiat conversions directly within the Pundi X ecosystem, allowing merchants to process digital payments with ease. By utilizing Alchemy Pay’s on-ramp and off-ramp services, the decentralized platform will allow seamless transactions while preserving the self-custodial nature of Pundi X’s XPOS (proof-of-stake) system. Key Benefits of the Pundi X and Alchemy…
Today, on the 16th anniversary of the release of the Bitcoin Whitepaper by the mysterious Satoshi Nakamoto, Michael Saylor, CEO of MicroStrategy and prominent Bitcoin advocate, went public with a “Thank you, Satoshi” message on his X account. This is not the end of the story, as his farewell caption was accompanied by a screenshot of MicroStrategy’s stock prospectus supplement, which implies raising $21 billion in capital through the sale of Class A common stock. The news that the software producer is looking to raise $42 billion over the next three years broke yesterday in the midst of MicroStrategy’s earnings…
Singapore has announced new plans to advance tokenization. It published two frameworks on the acceptance and implementation of tokenized assets by financial institutions. The Monetary Authority of Singapore (MAS) will introduce new measures to advance tokenization in financial services. The regulator said it will form commercial networks to deepen liquidity of tokenized assets, developing an ecosystem of market infrastructures, fostering industry frameworks for tokenized asset implementation and enabling access to common settlement facilities for tokenized assets. “MAS has seen strong interest in asset tokenization in recent years, notably in fixed income, FX, and asset management. We are encouraged by the…
The blockchain research company Messari has recently published an in-depth report on the state of the Cosmos ecosystem in Q2 2024, highlighting very interesting data. While Cosmos awaits the ICF roadmap for 2025, the DAO has moved on the governance level by approving 11 out of the 14 proposals put forward by the community. The cryptographic project, based on IBC connectivity, is significantly improving its interoperability by having started to communicate with Bitcoin at the beginning of the year. However, the financial data of the blockchain are not the best and the ATOM coin is affected by inflation and the…
The U.S.’s Republican Party seems set to keep control of the House of Representatives, completing its trifecta after flipping the Senate and White House in the 2024 election cycle. As of press time, the AP had called 409 (out of 435) seats, with Democrats winning 199 seats to the Republicans’ 210. The first party to reach 218 seats will win the majority, and as of Thursday evening, Republicans appeared to be within reach of that goal — confirming odds on betting site Polymarket, where traders gave Republicans at least 51% odds and growing starting at 8:00 p.m. EST Tuesday night.…
In a remarkable development, First Neiro On Ethereum (NEIRO), a rising challenger to Shiba Inu (SHIB), has increased by more than 18% over the last day. The surge coincides with a new listing announcement from Coinbase International Exchange. Coinbase International Exchange, Coinbase’s overseas arm, has announced that Neiro Perpetual futures are open for full trading on Coinbase International Exchange and Coinbase Advanced, allowing for limit, market, stop and stop limit orders. This comes days after the exchange initially announced support for perpetual futures for the meme token. Our NEIRO-PERP market is now in full-trading mode on Coinbase International Exchange and…
Bitcoin (BTC) is on course to realize the ‘Uptober’ phenomenon, with the maiden cryptocurrency set to achieve a monthly close on record. Indeed, this momentum emerged after Bitcoin began the month by posting a lackluster performance as bulls battled to breach $70,000. At press time, the asset was trading at $71,152, reflecting a monthly gain of about 14%, marking the best monthly close ever. However, not everything has been rosy for the leading cryptocurrency, which faced the threat of plunging further after dropping below the $60,000 support zone. With the end of October coinciding with Halloween celebrations, if the asset…