Author: NBTC
NBTC
NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.
Significant developments are happening in the African Fintech sector. Alchemy Pay, a fiat-crypto payment solution provider, has agreed to become a strategic partner to Yellow Card, one of the biggest Fintech firms in Africa. This partnership will enable the purchase of tokens using local currencies throughout Africa and the inclusion of millions of clients to increase their financial utilization. 🌍#Alchemy Pay is teaming up with @yellowcard_app to bring seamless crypto access to Africa!This partnership enables African users to buy crypto with local currencies via bank transfers and mobile money, boosting financial inclusion in the region.https://t.co/E5ypYbLnGY$ACH pic.twitter.com/45GPH7ariM — Alchemy Pay|$ACH: Fiat-Crypto…
The critical FED week has begun for Bitcoin and cryptocurrencies. On Wednesday, the FED will announce its interest rate decision and the expectation is that the first interest rate cut will come. While it remains unclear whether the FED will cut interest rates by 25 or 50 basis points, investors continue to evaluate the possible impact of the FED’s rate cut. Amid this uncertainty, Bitcoin fell by 1.7% in the last 24 hours to $59.50, while Presto Research analyst Min Jung evaluated the reasons for the decline. Analysts said the timing of the drop in BTC and crypto prices coincided…
The venture capitalist Arthur Cheong thinks the decentralized finance (DeFi) sector is in the midst of a “renaissance.” The DeFiance Capital CEO tells his 177,800 followers on the social media platform X that both internal infrastructure improvements and external macroeconomic developments are driving DeFi’s resurgence. “As global interest rates shift, risk assets like crypto, including DeFi, become more attractive to investors seeking higher returns. With the Federal Reserve implementing a 50 basis points rate cut in September, the stage is set for what may be a period of lower interest rates, similar to the environment that fueled the crypto bull…
The biggest publicly listed Wall Street Bitcoin (BTC) miner, MARA Holdings (NASDAQ: MARA), has announced the acquisition of a $200 million line of credit. The credit facility is secured by a portion of the company’s crypto holdings, highlighting the growing trend of cryptocurrency-backed financing in the corporate world. The statement presented yesterday (Tuesday) by MARA doesn’t delve too deeply into details, only informing that the cryptocurrency miner used a portion of its substantial Bitcoin stack to secure a $200 million line of credit. Fred Thiel, CEO, MARA, Source: LinkedIn What will the funds be used for? Here too, no detailed…
The Ice Open Network went parabolic this week ahead of its mainnet launch, as more centralized exchanges listed it. ICE token listings The Binance-based Ice Open Network (ICE) surged to a high of $0.0097, its highest level since Feb. 24, and over 202% above its lowest level in August. It then erased some of this week’s gains, dropping to a low of $0.0080 as the bullish momentum faded. According to the developers, the token has been listed on 22 centralized exchanges, including LBank, Tapbit, Deepcoin, and Coinstore. The most recent exchange to list it was Deepcoin, which initiated the ICE/USDT…
A few years ago, Hong Kong was regarded as the friendliest jurisdiction for digital asset businesses. However, a $200 million local exchange scam forced regulators to become more stringent, and now, it’s gradually licensing exchanges as it balances investor protection and promoting innovation. The city’s regulator says it’s set to issue licenses for nearly a dozen virtual asset service providers (VASPs) by the end of the year. Elsewhere in East Asia, South Korea is reviewing its stablecoin laws and is consulting with other jurisdictions, including the European Union and Japan. Hong Kong to license 11 VASPs When JPEX collapsed with…
Binance Futures has announced changes to the leverage, margin tiers, and funding rate settlement frequency for the USDⓈ-M REEFUSDT Perpetual Contract, effective October 16, 2024 at 09:30 UTC. Binance Futures to Adjust Leverage, Collateral Tiers, and Funding Rate Frequency for REEFUSDT Perpetual Contract Changes in Leverage and Collateral Levels The updated leverage and margin levels will apply to both existing and new positions. Traders who had open positions prior to the update are advised to adjust their positions and leverage to reduce liquidation risk. Increased Funding Rate Placement Frequency Starting at 09:30 on October 16, Binance will increase the funding…
Last night the dominance of Bitcoin rose above 58%, and its price in Ethereum rose to the highest levels since 2021. These are very high values, typical of a pre-bullrun period. Bitcoin on Ethereum: dominance at all-time highs The supreme dominance of Bitcoin over Ethereum and altcoin A good sign? Let’s prepare for the altseason The altcoins The effect of the halving Bitcoin on Ethereum: dominance at all-time highs Today the price of Bitcoin of Ethereum is around 25.5 ETH. It had not been this high since April 2021, so much so that at the beginning of 2024 it was…
Donald Trump’s decentralized finance (DeFi) project appears to have gotten off to a slow start, with a little over 4% of its tokens snapped up on the first day. Data from Dune shows that 819 million of the 20 billion tokens offered by World Liberty Financial have so far been bought—or just over $12 million in sales. World Liberty Financial launched Tuesday to accredited investors in the United States. The hope, according to the team behind the project, is that all U.S. citizens will eventually be able to get involved. Today’s the day! @WorldLibertyFi token sale is live. Get your…
The crypto industry fell victim to confirmation bias this week in a sensational fake news story. According to the tall tale, venture capitalist Marc Andreessen gave an AI agent $50,000 of bitcoin, the AI launched a memecoin, and it rallied to a market capitalization of $225 million. The story went viral likely because it confirmed every hope and fear of crypto-anarchists, libertarians, effective accelerationists, and memecoin traders. The story tapped into the global buzz about AI automatons and the potential of blockchain communities like Solana, decentralized finance, and memecoin platforms like Pump.fun. According to the narrative, the Andreessen-funded AI created…