Author: NBTC

Spot Bitcoin (BTC) exchange-traded fund (ETF) outflows continued as the week started. Consequently, the total net inflows of the investment products in the U.S. dropped below the $15 billion mark. According to data provided by Farside Investors, spot Bitcoin ETFs recorded a net outflow of $145.9 million on Jun. 17. Most of the outflows came from the Fidelity Wise Origin Bitcoin Fund (FBTC) and ARK 21Shares Bitcoin ETF (ARKB), worth $92 million and $50 million, respectively. Moreover, the VanEck Bitcoin Trust (HODL) and Grayscale Bitcoin Trust (GBTC) also had smaller shares of $3.8 million and $3 million in outflows, respectively.…

Tether Operations Limited is investing $3 million in Kem, a money transfer and financial management app. The investment aims to introduce the stablecoin Tether USD (USDT) on Kem’s platform, driving crypto adoption in the Middle East. The Middle East and North Africa (MENA) region is the sixth-largest crypto economy globally, with $389.8 billion in on-chain value received between July 2022 and June 2023. This represents 7.2% of global transaction volume during this period. The investment targets improved economic conditions in Kuwait, Bahrain, Saudi Arabia, Qatar, and Iraq. Expatriates in these regions could benefit from USDT and accessible financial services, addressing…

Singer-songwriter Jason Derulo got into an online spat with crypto bros this weekend over whether his crypto token is a scam. “$JASON to a billy,” Derulo tweeted late Saturday, predicting that the value of the Solana-based meme coin inspired by the celebrity would skyrocket. Despite rallying by many multiples in its opening week, the token has since plunged 80% from its June 27 peak, including another 21% on Monday. JASON wasn’t originally launched by Derulo, but was deployed on Pump.fun, a Solana-based marketplace that claims to prevent rugpulls “by making sure that all created tokens are safe,” with “no presale…

OKX announced that it will list three new tokens (ARKM, PIXEL, and BOOME) on its spot trading market and trading of these assets will begin on August 15, 2024. OKX to List ARKM, PIXEL and BOOME for Spot Trading The schedule for deposits and withdrawals is as follows: Deposits for ARKM, PIXEL and BOOME will be available starting at 05:00 on August 15, 2024. Withdrawals for these tokens will begin on August 16, 2024 at 13:00. The transaction schedule is detailed below: ARKM Call Tender: Between 08:00 – 09:00 on 15 August 2024. ARKM/USDT Spot Trading: Opens at 09:00 on…

Schnorr signatures represent a cutting-edge digital signature scheme that offers significant improvements in efficiency, privacy, and security compared to traditional signature algorithms. Developed by renowned cryptographer Claus Schnorr in 1989 with methods published in 1991, these signatures have recently gained prominence for their potential to enhance blockchain networks and other cryptographic systems. At their core, Schnorr signatures utilize elliptic curve cryptography to generate compact, efficient signatures that can be easily verified. The key innovation of Schnorr signatures lies in their ability to allow multiple signatures to be aggregated into a single signature, enabling substantial space savings and privacy benefits. This…

Samson Mow, a renowned Bitcoin maximalist and CEO at the Jan3, took to his official account at the X social media platform to make another stunning Bitcoin prediction. Mow, once again tweeted that he definitely expects Bitcoin to reach $1 million per unit. “I know Bitcoin is going to $1.0 million” Samson Mow is a well-known Bitcoin maxi for his predictions of the flagship cryptocurrency reaching $1 million in the long-term. This year Mow doubled down on his prediction, anticipating the fourth Bitcoin halving that took place in the second half of April. Prior to that, when in January the…

The Reserve Bank of India (RBI) has announced its intention to create a public repository of digital lending applications deployed by its regulated entities, such as banks and financial institutions. The initiative is expected to enable consumers to identify unauthorized lending apps and avoid harassment. “The Reserve Bank has taken several measures for the orderly development of the digital lending ecosystem in India. As a further measure in this direction and to address the problems arising from unauthorised digital lending apps (DLAs), the Reserve Bank proposes to create a public repository of DLAs deployed by its regulated entities,” RBI’s Governor…

Solana co-founder Anatoly Yakovenko suggested that memecoins creators allocate developer grants to improve meme projects. Memecoins continue to exist as a contentious cryptocurrency sector where millionaires are made overnight, and investors sometimes suffer massive losses in minutes in scams commonly known as “rug pulls” or “getting rekt”. As proponents debate memetic crypto tokens and their role in the future of finance, Solana (SOL) has solidified itself as the go-to meme network by offering cheap transaction fees and easy-to-ship coin solutions like pump.fun. Solana co-founder Anatoly Yakovenko proposed further advancing this vertical by enlisting developers to create customer features. “Memecoins should…

Binance.US drops a few facts about XRP a few days after the famous Ripple win against the U.S. SEC. The U.S. arm of the leading crypto exchange, Binance.US, excited the XRP community late Wednesday after dropping a quick insight about the cryptocurrency. The exchange stated key facts about XRP, raising bullish sentiments about the XRPL native token. Get a quick scoop on $XRP with these fast facts. pic.twitter.com/MYzgvXET4S — Binance.US 🇺🇸 (@BinanceUS) August 14, 2024 Some of these interesting facts included XRP’s origin. The exchange stated that XRP was founded in 2012 by David Schwartz, Jed McCaleb, and Arthur Britto.…

During a recent keynote speech, Cardano founder Charles Hoskinson spoke about the main blockchain use cases for artificial intelligence that include vehicle identity and royalty management. According to the entrepreneur, the combination of AI and blockchain could also potentially transform healthcare, making electronic health record systems (EHR) more efficient. At the same time, Hoskinson also spoke about some challenges of merging AI with blockchain. For instance, both of these industries have to grapple with governance issues. For the AI sector, data collection is quite challenging due to the reliance of AI on vast computational resources. However, these problems could be…