Author: NBTC
American businessman Robert Kiyosaki, who is known as the author of the “Rich Dad Poor Dad” series of personal finance books, has downplayed the severity of Bitcoin’s most recent crash. Kiyosaki claims that he is ready to buy more Bitcoin and precious metals following the most recent price crash. “Crashes are times When the brave get richer and the cowards get poorer…. Because they sell or do nothing. The world is filled with poor cowards. Be smart.,” he wrote in a follow-up social media post. Earlier today, the largest cryptocurrency dropped to an intraday low of $51,331, reaching its lowest…
Shenzhen, China’s SEZ bordering Hong Kong to the south, is gearing up to boost the adoption of China’s digital RMB, mirroring similar efforts in SAR, Hong Kong. The Shenzhen Local Financial Management Bureau is seeking public feedback on a plan to support digital finance, as reported by local blockchain media outlet JinSe Finance. In a post on social media platform X (formerly Twitter), JinSe Finance, a local blockchain-focused media outlet, highlighted that the Shenzhen Local Financial Management Bureau publicly solicited opinions on the “Implementation Opinions of Shenzhen on Supporting the High-quality Development of Digital Finance.” According to JinSe Finance, Shenzhen…
Charles Hoskinson, the founder of Cardano, recently responded to the comments made by market veteran Raoul Pal. Recall that Pal, speaking on Real Vision, criticized the so-called “cult-like” mentality of investors holding onto “old coins” like Cardano and XRP. These comments, shared widely on social platforms like X, prompted a sarcastic retort from Hoskinson. Cardano’s Underperformance Notably, Cardano’s performance in this bull run has not been particularly favorable, a pattern it shares with XRP. ADA has faced challenges, underperforming while assets like Bitcoin (BTC) hit new highs. Despite the broader market seeing gains, Cardano has collapsed by 40% in 2024…
With threats of the U.S. market facing a recession ahead, investors are pulling out of risky assets. Consequently, Bitcoin (BTC) and the rest of the crypto market is facing an intense sell-off. With a 10% drop in BTC today, will Bitcoin retest the $50,000 mark? Following a massive crash in the US markets on Friday, the global market sentiments are on a downhill slope. With Asian and European markets slipping under major levels and turning bearish overnight, the crypto market liquidations are on the rise. Today, Bitcoin is under $54K, and Ethereum is below the $2,350 mark, with the downfall…
RWAs continue to experience growth led by tokenized U.S. Treasuries. BlackRock’s boasts a market value of over $500 million. The market value of on-chain real-world assets (RWAs), excluding stablecoins, continues to rise, representing continued investor interest in blockchain-based tokenization of traditional assets. Currently, total RWAs are worth more than a record $12 billion, according to a report published by Binance Research on Friday. That amount excludes the $175 billion stablecoin market. Tokenization of RWAs like real estate, government bonds, stocks, and intangible assets like carbon credits makes traditionally illiquid markets easier to trade, allowing investors to purchase assets in fractions…
Switzerland has taken a step further in embracing crypto with the recent expansion of the instant payment scheme as other banks integrate XRP into their trading platforms. According to reports, 28% of banks in Switzerland allow or are planning to allow customers to invest in crypto. According to an announcement by the Swiss National Bank (SNB) and financial infrastructure operator SIX Interbank Clearing Ltd, Switzerland has reached an advanced phase in its effort to leverage the power of instant payment schemes to go cashless. In the SNB report reviewed by Crypto News Flash, about 60 financial institutions within the country…
Zano blockchain partnered with Confidential Layer to enable secure and private transactions across different blockchains. This allows users to keep their original assets (like ether or bitcoin) while adding Zano’s strong privacy features. Both the Zano and Confidential Layer teams see this as a significant step towards a digital economy where users have control over their finances without compromising privacy. Best of Both Worlds Zano, the layer one (L1) blockchain, has partnered with the privacy bridge Confidential Layer to enable secure and private transactions across different blockchain ecosystems. Through this partnership, users will be able to retain their underlying assets…
The price of Bitcoin continues to tumble and has just hit the $50,000 price mark. Crypto analysts battle over what will happen next, some remain certain of a BTC recovery. Another analyst predicted this crash and expects $47,000 BTC bottom along with altseason. The crypto market continues to collapse as the price of BTC hits $50,000 falling by over 26% and the price of Ethereum falls to $2,255 falling by over 32%. As many traders and holders scramble to manage risk, the crypto community is torn between holding, selling, or pumping their assets. Amidst the chaos, Doctor Profit, a reputed…
Coinmarketcap (CMC) Research and Footprint Analytics have released a thorough report exploring the swift expansion of decentralized finance (defi) on the Bitcoin blockchain. The report delves into Bitcoin’s evolving role, driven by innovations that are redefining its potential within the defi space. Bitcoin’s Defi Ecosystem Grows: $1.07 Billion Locked According to the findings from the CMC Research and Footprint Analytics study, Bitcoin’s role in defi has undergone a major shift, evolving from its origins as a peer-to-peer currency to becoming a significant player in the defi ecosystem. Advances like Rootstock and Taproot are allowing Bitcoin to support more complex financial…
The interest rate decision to be announced by the FED next week is being followed carefully in the Bitcoin (BTC) and cryptocurrency markets as well as in global markets. While the FED, which has kept interest rates unchanged for more than a year, is expected to begin a rate reduction cycle in September and make its first rate cut, important statements came from International Monetary Fund (IMF) spokesperson Julie Kozack. Julie Kozack, in her press statement, pointed out that the upward risks in inflation in the US have decreased and said that they think it would be appropriate for the…