Author: NBTC

Veteran macro investor Luke Gromen thinks Bitcoin (BTC) or gold will skyrocket in price if either is used as a reserve asset by the US. In a new YouTube video, Gromen says that the US suffering from a “resource curse,” which means the country produces one native commodity – the dollar – in very large size and cheaper than than any other nation. Gromen notes that while the US monopolizes dollar production, the rest of its economy is shriveling away to financialize the USD. “The United States is the Saudi Arabia of dollars. In the short run, this is a…

Ripple’s CBDC platform helps central banks digitize financial systems, which has had significant impacts on India. The XRP Ledger’s CryptoTradingFund (CTF) rewards users with tokens that may significantly appreciate. Ripple continues to make significant strides in the global digital asset market. Central banks globally are exploring Ripple’s CBDC platform to digitize their financial systems. This technology is designed to help central banks and the government control digital currencies safely and effectively. This platform is particularly effective in India, where Ripple’s partnerships are changing the landscape of digital payments. Ripple has partnered with Kotak Mahindra Bank, one of India’s largest private…

eToro has expanded services around cryptocurrencies in Germany with the launch of spot trading, the company announced. Until now, it has only allowed its German customers to trade cryptocurrency contracts for differences (CFDs). The Israeli broker further confirmed that it has partnered with DLT Finance to offer spot trading and Tangany for custody services. Both crypto platforms are locally regulated by the German Federal Financial Supervisory Authority (BaFin). Although the partnership with DLT Finance is a fresh one, its deal with Tangany was signed earlier this year. The German entity of the broker migrated the crypto holdings of its clients…

Wells Fargo has officially approved the use of XRP for settling credit card and loan payments, marking a significant shift in how traditional banking institutions are embracing digital currencies. This decision opens up a world of possibilities for customers, who can now not only pay off their debts using XRP but also earn cashback rewards through the XRP Ledger System CryptoTradingFund (CTF). CTF tokens are earned as rewards whenever payments are made using XRP at participating merchants, whether online or in physical stores. These tokens hold real value, as they can be redeemed for products or converted into fiat cash,…

The Hamster Kombat token launch is mere hours away, as of this writing, and the first season of gameplay has come to a close. That means, at least for now, no more tapping for virtual coins or upgrading your rodent-run crypto exchange for a share of the airdrop. But the smash Telegram game isn’t done. A second full season of gameplay is in the works, the developers said—and for at least a couple of weeks, there’s a simplified “interlude” season available right now that shakes up some familiar aspects of the tap-to-earn experience. You can only earn new in-game diamonds…

Binance has announced the addition of several new trading pairs and advanced trading bot services to its Spot platform, aiming to provide users with a wider range of trading options. Binance to Launch New Trading Pairs and Trading Bot Services on Spot Platform The new pairs will be available for trading starting at 14:00 on September 25, 2024. The following trading pairs will be introduced: 1MBABYDOGE/FDUSD 1MBABYDOGE/TRY BTC/EURI CATI/BRL NEIRO/FDUSD NEIRO/TRY Trading Bot Services In addition, Binance will also be enabling Trading Bots for these trading pairs. Accessible via Spot Algo Orders, these bots will be available for: 1MBABYDOGE/FDUSD 1MBABYDOGE/TRY…

Governments worldwide hold 2.6% of Bitcoin’s (BTC) circulating supply, totaling 471,380.6 BTC worth $32.7 billion as of July 29, 2024. As reported by CoinGecko, the United States leads with 213,297 BTC ($14.82 billion), mostly seized from criminal activities like the Silk Road shutdown. China follows with 190,000 BTC ($13.20 billion), primarily from the PlusToken Ponzi scheme. The UK ranks third, holding 61,000 BTC ($4.24 billion) from a money laundering operation. El Salvador, the first country to adopt Bitcoin as legal tender, actively purchases 1 BTC daily, accumulating 5,800 BTC ($0.40 billion). Ukraine has received 1,336.4 BTC in donations for war…

Solana meme coin Gigachad (GIGA) is up 21.2% on the day after the model behind the meme endorsed the project on his Instagram. Shortly after, famous bodybuilder Mike ‘Titan’ O’Hearn also pushed the project. Ernest Khalimov (known as Berlin 1969 on Instagram) is the model behind the famous gigachad meme. He is one of many models photographed by Russian artist Krista Sudmalis for her “Sleek n Tears” project. When Khalimov had his hyper-muscular figure and chiseled face photographed, the internet went crazy, touting him as the ‘gigachad’—in reference to the internet term “chad,” which describes an alpha male figure. Start…

OKX to Support EOS Mainnet Upgrade on September 25, 2024 OKX has announced its support for the upcoming EOS (EOS) mainnet upgrade. As part of this process, the exchange will temporarily suspend deposits and withdrawals of EOS tokens and all tokens on the EOS network starting at 16:00 on September 25, 2024. Services will resume without further notice once the upgraded network is confirmed to be stable. Key Details: Deposits and Withdrawals: Suspended as of 16:00 on September 25, 2024. Trading Services: EOS token trading, including spot, margin, and derivatives, will continue uninterrupted throughout the upgrade. User Actions: Users who…

In a recent episode of “The Wolf of All Streets” podcast, host Scott Melker had an in-depth conversation with macro strategist Lyn Alden, touching on a variety of economic issues, the role of Bitcoin, and the future of the financial system. A significant portion of the conversation revolved around the Federal Reserve’s interest rate policy. Alden explained that while the Fed’s mandate is to balance maximum employment with price stability, recent economic data suggests that some minor cuts in interest rates might be warranted later this year or next year. She noted that the current economic environment, with rising unemployment…