Author: NBTC

Chicago Fed President Austan Goolsbee has identified inflation above the Federal Reserve’s 2% target as the main U.S. economic problem while officials debate whether to raise rates from 3.50%–3.75%. Why Goolsbee sees inflation as the main challenge Wired released Goolsbee’s interview on Aug. 11 after recording the discussion on June 22, with the Chicago Fed president arguing that fast-rising prices remain more damaging than current labor-market conditions. “The biggest problem facing our economy right now is not the collapse of industry and the collapse of jobs; it’s that the prices have been rising too fast,” Goolsbee said. “We got an…

MoneyGram, a legacy leader in the global remittance industry, is bridging the gap between traditional finance and decentralized finance (DeFi). In a recent interview on Bloomberg Crypto, MoneyGram CEO Anthony Soohoo said that the goal is to connect the real world with the digital one. “Anyone building on Solana can use our off-ramp, the ability to put cash in or cash out, at any of our 500,000 retail locations. We’re trying to connect the real world with the digital world,” he said. Stablecoins were once viewed as an existential threat to traditional remittance companies. However, MoneyGram’s massive merchant network is…

Treasury Launches Quantum Task Force as Financial Risks Mount The world of financial technology has seen a great deal of discussion aimed at preparing the market for super quantum computers and theoretical attacks. Bitcoin and digital assets have been involved in the conversation for quite some time, and the Treasury’s new task force will not only look at traditional finance (TradFi), but also “Digital Assets and Emerging Technology Risk.” The Treasury Department explicitly mentions President Trump’s Executive Order (EO) 14412, and the press release claims that the new task force is dedicated to supporting the EO, which enacts policy to…

The information provided in this article is for informational purposes only and does not constitute financial advice. Investing in cryptocurrencies carries a high level of risk. The withdrawal is stuck, the account is frozen, and support keeps answering in building blocks: “A review is under way, we are not permitted to give further details.” It looks like evasion. It is precisely what the law requires. Anyone who receives no explanation after a freeze is not facing arbitrary treatment. They are facing Section 47 of the German Money Laundering Act, the GwG. That provision expressly prohibits the provider from telling you…

Polygon has introduced simplified RPC access, now available through a single endpoint via Lavanet. This development, highlighted in a recent tweet by @0xPolygon, aims to streamline user interactions with the network. As the crypto landscape evolves, such innovations could attract more users and enhance overall functionality. Inside the Move The broader crypto market is currently experiencing mixed signals, with varying momentum across major assets. Polygon’s latest move to simplify RPC access through Lavanet reflects its commitment to improving user experience and could position it favorably within a competitive market. This integration not only enhances the platform’s versatility but may also…

Bitcoin’s price slid further on Tuesday as investors weighed up the chances of lawmakers voting on the long-awaited crypto Clarity Act. The price of Bitcoin was recently $63,634 after sliding 2% over a 24-hour period. The cryptocurrency dropped as low as $62,784 at one point. Market observers now give the Clarity Act a 35% chance of getting signed into law this year on crypto betting platform Polymarket. While major financial institutions like Fidelity and Goldman Sachs have thrown their weight behind the new bill, some Democrats are still unhappy with it in its current form. A group of Democrats last…

Bitwise Asset Management has cut 14% of its workforce, reducing its global team to about 155 employees as the crypto asset manager operates through a prolonged market downturn. According to recent media reporting Bitwise CEO Hunter Horsley confirmed the layoffs in an emailed statement, saying the staff reduction was completed last week and leaves the company positioned to continue expanding its business. Horsley said the adjustment “equips us well for the ongoing growth we’ve seen this year and expect to continue as crypto further integrates into the global economy.” Bitwise layoffs reduce global team to about 155 The 14% reduction…

Solana’s 350ms Mainnet target is set to take effect in epoch 1020, down from the current 400-millisecond target slot time. The feature activated at the start of epoch 1019, but a one-epoch delay means the network keeps its existing parameters until the next epoch. In practical terms, blocks get a shorter target production interval without receiving a larger compute allowance per second. The rollout is already further ahead elsewhere. Testnet is at an effective 200ms target, while Devnet is at 300ms and has activated its 250ms gate without making it effective yet. Solana’s Aug. 6 changelog had listed only the…

Investigators say an inmate serving time in a Georgia prison pretended to be a Florida sheriff’s office. He allegedly pressured an elderly Marion County resident to feed $5,600 into a crypto ATM using a phone smuggled into the prison. Patrick Marquelle Turner, 31, was extradited to Florida on August 24 to face charges of fraud. The call that showed a sheriff’s name The call showed up on the victim’s phone as coming from the “Marion County Sheriff’s Office.” The voice on the other end said the man had missed jury duty and would be arrested unless he paid a fine.…

Binance has continued opening and verifying new European customer accounts more than seven weeks after the European Union’s July 1 MiCA licensing deadline, despite remaining absent from the bloc’s register of authorized crypto providers. According to a Sandmark report shared with crypto.news, tests across several EU countries found that new users could still complete Binance’s registration and identity verification process after the deadline, with two accounts fully verified and able to receive crypto deposits. The tests covered connections in Austria, France, Germany, Spain and Belgium, using both standard internet connections and virtual private networks. None displayed a warning telling applicants…