Author: NBTC

Tesla billionaire Elon Musk, who surprised traders with a shock bitcoin endorsement this week, has repeatedly warned in recent weeks that the U.S. is teetering on the brink of “bankruptcy.” The bitcoin price has surged this year as fears over the spiraling $35.7 trillion debt pile pushes the price of gold to an all-time high—with the Federal Reserve caught in a “nightmare” scenario. Now, Musk, who is working overtime to get “crypto president” Donald Trump back into the White House, has called the U.S. government’s $1 trillion per year interest payments a “financial emergency,” as inflation fears push another legendary…

Aethir, a well-known GPU-as-a-services project for decentralized cloud computing, has just announced support for storage services for the crypto network Filecoin. In this way, Aethir will improve some advanced features of its architecture thanks to the partnership with the historic blockchain. The main focus is on data management and processing as well as on the security of artificial intelligence models. Together Aethire and Filecoin are creating fertile ground for the mainstream expansion of the DePin landscape towards new, still unexplored destinations. Let’s see all the details below. Crypto and GPU: Aethir integrates support for the Filecoin blockchain A partnership that…

A cryptocurrency whale recently sold 100 Bitcoin (BTC), valued at approximately $5.35 million, making a profit of $206,000. This transaction occurred when the price of Bitcoin was just a little above the breakeven price of a whale. The transaction was shared by Lookonchain on X, formerly Twitter. A whale sold 100 $BTC($5.35M) for a profit of $206K when the price dropped close to its breakeven.Data from @intotheblock shows that 836K addresses bought ~402.8K $BTC($21B) at a price between $51,113 and $54,303.These addresses are likely to sell near the breakeven.… pic.twitter.com/Ji7w9o0qig — Lookonchain (@lookonchain) September 7, 2024 $21B in Bitcoin at…

Renzo Protocol has recently announced a partnership with CIAN Protocol. As per Renzo, the collaboration releases ezETH Yield Layer as a new forum offering ezETH holders to improve yield generation with the innovative combination of liquidity and lending strategies. The platform took to social media to provide the details of this endeavor. Yield Layer by @CIAN_protocol offers ezETH users exposure to @aave lending strategies with the balance of LP fees from @Uniswap Deposits are capped and will increase with AAVE 👇 https://t.co/Bjd734cJvn — Renzo (@RenzoProtocol) October 26, 2024 Renzo Protocol Collaborates with CIAN Protocol to Unveil ezETH Yield Layer to…

Investors can earn passive income through many different traditional financial products, including government and corporate bonds or stock dividends. Similar opportunities also exist in the crypto sphere, often ignored by mainstream investors, creating potentially better results from yield farming. In crypto, similarly to other markets, the passive income can come from lending money to institutions in return for an agreed-upon interest rate (bonds) or by becoming a stakeholder and participating in the distributed revenue (dividends). These would translate into staking tokens as a validator or delegator in proof-of-stake (PoS) networks, being paid by the protocol’s emission and users’ fees, or…

SolanaFloor, a news platform focusing on Solana, said that Citibank is exploring the potential of the popular altcoin Solana (SOL). Citibank, the 4th largest bank in the United States, aims to leverage blockchain technology for seamless money transfers and advanced smart contracts in the future by leveraging Solana, according to SolanaFloor. 🚨BREAKING BIG: @Citibank is exploring @Solana’s potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future. (Citi Bank is the 4th largest bank in the US🇺🇸). pic.twitter.com/zLivuQlJ3m — SolanaFloor (@SolanaFloor) September 20, 2024 Solana (SOL) Move from Franklin Templeton! SolanaFlooer also claimed…

Most people spend their lives striving for financial freedom, yet many find themselves constrained by institutions designed to safeguard money. When we place our hard-earned cash in the hands of centralised entities, we surrender a degree of control over our finances. Once we conform to the norms of traditional banking, we become vulnerable to issues such as unexpected fees, limited access to funds, and the risk of institutional failure. Decentralised exchanges (DEXs) offer a solution to institutional issues by providing greater autonomy and security over assets. By removing intermediaries, DEXs allow traders direct control of their finances, creating a transparent…

MicroStrategy co-founder Michael Saylor recently took to the X social media network to spotlight the impressive performance of his company’s stock, which recently managed to outperform such heavy hitters as Amazon (AMNZ) and Alphabet (GOOGL) in terms of trading volume on Friday. “Bitcoin makes the Magnificent 8,” Saylor said in his social media post. MicroStrategy (MSTR) managed to generate $5.8 billion in trading volume during the last trading session of this week. For comparison, Amazon (AMNZ) and Alphabet (GOOGL) logged $5.5 billion and $2.4 billion, respectively. The Magnificent 7 stocks represent the elite group of tech companies that are considered…

In a recent discussion on the X social media platform, Ethereum co-founder Vitalik Buterin explained the meaning of the name of the pet dog that is believed to be his. He did not confirm this fact of owning it, though. Vitalik’s dog is believed to be named either Misha (a Russian name, analogue of Michael) or MICHI – a Chinese for to “squint” – which seems to be similar to it phonetically. When asked about the MICHI dog and whether it belongs to him, Vitalik responded that this name seems to be self-explanatory and added hieroglyphs to show how it…

Legendary trader Peter Brandt and long-time crypto skeptic Peter Schiff have clashed heads over the BTC/Gold debate. It started with Schiff pointing to Bitcoin ETF weak performance, according to the financial expert, with gains under 10% since its launch. Gold, on the other hand, is up 24%. As of today’s close, Bitcoin ETF gains since launch have been reduced to just under 10%, while $GLD is still up 24%. Therefore, investors made 140% greater returns by buying #gold instead of #Bitcoin. https://t.co/nX66MU2n57 — Peter Schiff (@PeterSchiff) September 6, 2024 Brandt replied, urging to look at the Gold/BTC debate with a…