Author: NBTC

Tether chief executive Paolo Ardoino thinks geopolitical tensions and macroeconomic trends are going to increase the importance of scarce assets like Bitcoin (BTC) and gold. Ardoino says in a new interview with investor and venture capitalist Preston Pysh that he doesn’t think the globe is headed towards “a nicer period for humanity,” citing bubbling geopolitical issues across the world. “There’s so much tension starting from Europe: very, very high tension, to the US, to everywhere else in the world. Things are not nice. And so having an exposure to scarce assets like Bitcoin and gold is the way to go.”…

Leading DeFi protocols Aave and Sky (formerly MakerDAO) have teamed up to launch the Sky Aave Force, aiming to bridge the gap between decentralized finance and traditional financial systems. In a statement on September 3, the initiative was described as a major step towards creating a more resilient and aligned ecosystem with the goals of greater accessibility, adoption, and shared progress. The collaboration brings together two of the largest DeFi platforms to help drive the growth of the sector. According to DeFillama data, Aave is the second-largest DeFi protocol with over $18 billion in TVL. Sky, on the other hand,…

Justin Bons, founder and CIO of Cybercapital, a Europe-based cryptocurrency fund, has warned about the effect that the rise of Ethereum L2s is having on the main chain. Bons stated that the activity that Ethereum should be experiencing is happening on L2s, and that is bringing fragmentation and more inflation to the ETH ecosystem. Cybercapital Founder Justin Bons Warns About L2’s ‘Vampire Attack’ on Ethereum Justin Bons, founder and CIO of Cybercapital, has warned about the pernicious effects that the growth of second-layer projects is having on the health of the Ethereum ecosystem. Bons explained there are several things he…

Citi’s Senior Global Economist Robert Sockin suggested that the Fed could make a significant rate cut of up to 125 basis points by the end of 2024. Speaking on the Morning Brief, Sockin discussed the current state of the U.S. economy, saying that the second quarter saw faster-than-expected growth, with GDP revisions showing a 3% increase, ahead of the 2.8% forecast by economists. Despite the positive growth data, Sockin expressed concerns about potential economic risks as the year progresses. While consumer spending remains strong and the labor market is showing resilience, he said recent data has missed expectations, indicating a…

As the NFT market is evolving rapidly, social media is evidence of the increasing demand for NFT, AI, and other narratives on social media platforms. Based on the engaged posts and interactions, an on-chain analytical firm shared a list of artificial intelligence (AI) and non-fungible token (NFT) projects during the last seven days. TOP #NFT PROJECTS BY SOCIAL ACTIVITY$FET $ICP $RENDER $VRA $RARE $XTZ $STX $ROSE $NAKA $APE pic.twitter.com/iab10HdvDM — PHOENIX – Crypto News & Analytics (@pnxgrp) August 30, 2024 This report analyzes AI and NFT projects on two parameters i.e., the total number of posts that have community interaction…

Bitcoin (BTC) is currently encountering its first significant support level following a short-term decline, according to data from CryptoQuant. This development coincides with notable liquidations in the market. It also provides valuable insights into the prevailing sentiment among traders. Bitcoin is encountering its first support level following a short-term decline“BTC returned to the initial long liquidation area of 58.25k and began to stabilize there.” – By @3AMRTAHA_ Full post 👇https://t.co/y7jrmWsEu8 pic.twitter.com/8b0tWtuBNW — CryptoQuant.com (@cryptoquant_com) August 13, 2024 Bitcoin Stabilizes After Retesting $58,250 Liquidation Zone The BTC Longs/Shorts Liquidated Delta is an indicator presented on CryptoQuant that denotes the disparity between…

Banking giant JPMorgan recently commented on the underwhelming performance of spot Ethereum exchange-traded funds in the U.S., pointing to their larger-than-expected outflows from Grayscale’s ETHE. These products have suffered from roughly $500 million worth of outflows since their launch. As reported by U.Today, JPMorgan predicted that Ethereum ETFs would flop despite some bullish projections by crypto-native firms. Still, the relentless outflows recorded by ETHE were somehow a surprise even for the banking giant. Ethereum ETFs made their much-anticipated debut in July after the U.S. Securities and Exchange Commission unexpectedly greelit them in June. Unfortunately for the bulls, these products started…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. When starting a business, a great idea is worthless if no one is available or willing to invest the funds to make it bloom. In the hi-tech world, where creativity and competition mold our future via non-stop innovation, venture capital and private equity firms are the oxygen this fast-paced industry runs on. You might also like: Investors and VCs must embrace crypto financial services in 2024 | Opinion While a good idea may get you in the…

In continuation of an XRP-focused discussion that began in March, Ripple CTO David Schwartz has provided intriguing insights into the correlation between XRP and Stellar (XLM). Schwartz openly admitted, “I have no idea what factors drive the price of XRP.” This statement might seem surprising coming from one of the key architects of XRP Ledger, but it might highlight various market factors at play, influencing XRP price action. I have no idea what factors drive the price of XRP. The only real objective data point I have is that XRP tracks the price and market cap of XLM incredibly well…

US-based crypto exchange Coinbase is facing criticism from the crypto community over its handling of customers’ transactions. The criticisms came after a Coinbase user Holaivory, complained that she lost a few thousand in Tether stablecoin after sending USDT to Coinbase on the Arbitrum network. The post has generated multiple comments from other customers claiming they had similar experiences when they sent funds to the wrong networks on Coinbase. They noted that the exchange has poor support service and profits from its customers’ mistakes. Customers share stories of losing funds on Coinbase According to Holaivory, she had previously sent USDT via…