Author: NBTC

The Bank of Japan’s interest-rate increase sent the Japanese yen to its strongest since March against the U.S. dollar. BTC holds on to a weekly loss as rising yen could lead to global financial tightening. Bitcoin (BTC) remained on the defensive while the Japanese yen (JPY) strengthened in the foreign exchange market after the Bank of Japan (BoJ) raised its interest rate and announced other measures to tighten liquidity. In an aggressive hawkish move, the central bank lifted its unsecured overnight call rate target to around 0.25% from the previous 0%-0.1% range. It also said it would cut liquidity-boosting bond…

In a remarkable minestrone, X Empire, a blockchain project focused on creating a decentralized, community-driven ecosystem, has announced that over 60,000 of its NFTs vouchers have been sold on the Getgames marketplace, totaling more than 4 billion $X tokens as per Telegram. This achievement underscores the project’s growing popularity and investor confidence. This move has led to an increased price of the voucher. For acquiring additional $X tokens following the listing, X Empire reminds that NFT vouchers can still be purchased on Getgems, These vouchers will be converted to $X tokens, providing a lucrative investment opportunity. X Empire’s Community Support…

Eigen Labs, the developer of “restaking” juggernaut EigenLayer, distributed a list of employee wallet addresses to ecosystem projects preparing to launch crypto tokens. Some teams said they asked Eigen Labs for the list, but one said it didn’t and felt pressured by the company to send its employees tokens. Experts and insiders say the payouts – worth nearly $5 million at peak prices – raise conflict-of-interest concerns. Eigen Labs and the nonprofit Eigen Foundation have since banned such payouts to employees. Transparent blockchains were pitched as an antidote to Wall Street-style backroom deals. They’ve instead paved the way for a…

In a week of dramatic swings, Bitcoin’s (BTC) price has retreated from its highs and is currently trading at $66,250, down 0.9% during European hours. This volatility comes on the heels of a momentous surge past $70,000 earlier in the week, fueled by former President Donald Trump’s ambitious cryptocurrency plans announced at a Bitcoin conference in Nashville. Trump’s declaration to fire Securities and Exchange Commission Chair Gary Gensler and establish a strategic Bitcoin reserve if elected president temporarily sent the crypto market into a frenzy. However, the excitement was short-lived as a series of events unfolded, causing investor sentiment to…

Leading banks in Japan are tirelessly working towards shifting how Cross-border transactions are handled by integrating the XRP ecosystem. Banks like SBI Holdings and Mizuho Bank, part of a 61-member consortium, are working towards worldwide cryptocurrency adoption, especially XRP. Ripple is emerging as a dominant force in the crypto sphere. The token is rapidly gaining traction, and Japan is at the forefront of this trend by wholeheartedly embracing XRP. Additionally, Japan is also at the front line, particularly in the realm of cross-border payments. As per a recent CNF report, Ripple has formed strong alliances with leading financial institutions. Notably,…

FED day, which is a critical day for Bitcoin, has finally arrived. The FED, which has kept interest rates constant for a long time, is expected to keep interest rates constant today without making a surprise decision. However, while the FED is expected to signal the first interest rate cut in September, cryptocurrency analysis company Blofin said that BTC volatility will increase before the FED decision and the options expiring on Friday, August 2. In a recent report, he stated that the basic scenario before the FED decision is a slow decline in inflation and economic growth and the risks…

Recently, Ripple officially entered the private beta phase for its USD stablecoin, Ripple USD (RLUSD), deploying it on both the Ethereum mainnet and the XRP Ledger (XRPL). However, amid the excitement surrounding the RLUSD project, key voices within the XRP community have urged caution. Vet, the co-founder of xrp.cafe, recently issued a warning to the XRP community members that they should remain vigilant as XRPL sees positive developments, such as tokenization and stablecoin projects. His caution came as the XRP Ledger continues to undergo significant amendments, raising interest from various actors. Vet stressed the need to approach these changes carefully,…

While US Presidential candidate Donald Trump continues to attract attention with his Bitcoin moves, he recently promised to make Bitcoin a strategic reserve asset at the 2024 Bitcoin Conference. While Trump’s Bitcoin promises made a big impact, they received both support and criticism. The US newspaper Wall Street Journal, which generally attracts attention with criticism, criticized former President Donald Trump’s plan to make Bitcoin a strategic reserve asset and argued that this plan is incompatible with cryptocurrency values. Donald Trump made a splash in the crypto industry at the Bitcoin Conference in Nashville by promising to make Bitcoin a strategic…

The European Identity Wallet is set to transform identity verification by allowing users to log in to websites without the need for passwords, while sharing verified information with ease. The integration of Self-Sovereign Identity (SSI) and decentralized identifiers (DIDs) is seen as a key step in combating these issues, with organizations like IOTA and Impierce Technologies leading efforts. The implementation of the European Identity Wallet is nearing 2026, with several organizations exploring its potential while focusing on user authentication. This wallet will revolutionize identity verification by offering users a secure and seamless way to confirm their identity with greater certainty.…

Fidelity International has introduced its Physical Bitcoin Exchange Traded Product (ETP) on the London Stock Exchange (LSE), marking a major milestone for the UK’s digital asset market. This ETP aims to track Bitcoin’s price movements and offers a competitive cost structure with a 0.35% ongoing charge, which is an attractive feature for professional investors. The launch of this ETP underscores the growing institutional interest and acceptance of digital assets within the United Kingdom. Discover how Fidelity’s new Physical Bitcoin ETP is shaping the future of institutional crypto investments in the UK. Explore the details of its competitive cost structure and…