Author: NBTC

Advisers to the Biden administration recently had a conference call with top crypto stakeholders, including Ripple and Coinbase executives. During the Zoom call yesterday, the crypto stakeholders voiced concerns about the administration’s stringent regulatory policy. Despite the concerns raised, advisers to the Biden administration did not promise any policy changes. White House and Crypto Participants The meeting attendees include notable crypto executives such as Ripple CEO Brad Garlinghouse, Anthony Scaramucci of SkyBridge, Circle CEO Jeremy Allaire, Kraken CEO David Ripley, Uniswap CEO Hayden Adams, and top American businessmen Mark Cuban and Chris Dixon. On the other hand, government representatives include…

The metaverse was meant to herald a bright new future for humanity. With none other than Mark Zuckerberg at the helm, it was supposed to welcome five billion users and grow to $13 trillion, according to researchers at Citi. Unfortunately, it appears that these analysts — and Metaverse cheerleaders — were getting a little ahead of themselves. Zuckerberg’s metaverse division at Meta (formerly Facebook) lost $4.5 billion last quarter alone, adding to its lifetime, $46 billion-and-counting metaverse losses. His flagship metaverse game for adults, Horizon Worlds, is embarrassingly popular with children. Similarly, the crypto metaverse industry — at least when…

Bitcoin has plummeted to under $64,000, its lowest level since mid-May, driven by heightened selling pressure in the market. BTC has mostly traded downwards or sideways after exceeding the $70,000 mark at the start of the month. Since then, the flagship asset has shed more than 10% of its gain during this period. Why is BTC falling? On-chain data reveals that some recent selling pressure originated from Coinbase, the largest US-based crypto exchange. Glassnode data shows that the platform experienced $10 million in spot-selling activity, marking the highest amount within a 10-minute window in a week. Notably, the German government…

The DeFi sector has reportedly seen a decline in terms of total value locked. As per the data on DappRadar, a prominent DeFi tracker, the top-performing DeFi projects of this week include LIDO, Aave V3, EigenLayer, Maker DAO, and Rocket Pool based on TVL. LIDO Dominates the DeFi Realm in Terms of TVL This Week LIDO maintained its position at the top DeFi platform in the case of total value locked. The data revealed that LIDO witnessed a total value locked of up to $25.75 billion. This figure shows a huge plunge of 9.53% over the recent 7 days. On…

The MOCA token launched by Moca Network and Animoca Brands went live today. Moca token holds a total fixed supply of 8.8 billion. Animoca Brands’s subsidiary Mocaverse’s token MOCA went live on Thursday in the Bitget exchange. Moca Network and Animoca brands have partnered in the launch and have stated that the token brings unique utilities to Web3. The Mocaverse’s connected network is called the Moca Network for which $MOCA will serve as the token. The token is currently listed on Bitget’s PoolX for users to stake-to-mine. Additionally, both Animoca Brands and Moca Network have announced airdrops of the token.…

As Bitcoin (BTC) navigates a bearish environment, technical analysis has identified chart formations that could signal upside potential. In an analysis posted on TradingView on June 21 by crypto trading expert TradingShot, Bitcoin’s one-week time frame chart reveals a giant cup and handle (C&H) pattern, which began forming at the peak of the previous bull cycle. It’s worth noting that the cup and handle pattern, a bullish continuation signal, indicates potential price increases. However, according to the analyst, it is often overlooked by traders focused on short-term movements. Bitcoin’s chart shows it in the handle phase, forming a channel down.…

DWF Labs is doubling down on its bets in the broader crypto ecosystem amid ongoing market strain. The investment giant aims to continue to fund innovative projects as the market evolves overall. DWF Labs, a Web3 investor and market maker, says it will continue on its growth strategies despite current struggles in the market. The market maker has promised to be more dynamic and robust as it continues with its ongoing expansion initiatives. DWF Labs Web3 Expansion Plans As revealed in a press release shared with Crypto News Flash, DWF seeks to become the most preferred liquidity partner amongst users.…

Hong Kong legislator Johnny Ng has called for an expansion of virtual bank services to address hurdles faced by web3 startups in the region. Hong Kong should embrace a more crypto-friendly approach by expanding virtual banking services as web3 startups face ongoing hurdles in accessing financial services, Johnny Ng, a member of the Legislative Council of Hong Kong, said in an X post on Aug. 9. 香港金融管理局早前發表虛擬銀行報告。我對於過去特區政府幾年支持銀行業服務升級和虛擬銀行發展表示讚賞，但同時我的團隊做了一個關於Web3公司對香港銀行服務的意見，調查表示，Web3公司出現開户難情況，導致不能有效地發展業務。因此，我今天記者會提出：1.… pic.twitter.com/srDiDOhvwC — Johnny Ng 吴杰庄 (@Johnny_nkc) August 9, 2024 Ng emphasized the need for virtual banks to diversify their services and proposed the establishment of dedicated crypto-focused banks, referring to a report by…

Bitcoin’s price continues its downward trajectory, coasting along at $63,950 per unit on June 21, 2024. Despite showing potential entry points, the market is experiencing significant selling pressure across all time frames. Technical indicators suggest a cautious approach for traders as bearish trends dominate the charts. Bitcoin In the short term, the 1-hour chart indicates a persistent downtrend with bitcoin recording consistent lower highs and lows, recently touching $63,501. Trading volume remains low, reflecting weak momentum. Traders may consider entering around $63,000 to $63,500 if a reversal with increased volume is observed, targeting an exit near the resistance level of…

Secure, Transparent Battery Data TL;DR:IOTA and Eviden are partnering on the Eviden Digital Passport Solution (EDPS), one of the first Digital Product Passports to hit the market. EDPS tracks the lifecycle, carbon footprint, and sustainability of automotive batteries using IOTA technology. This partnership aims to scale up the solution for various DPP use cases, fostering long-term collaboration and expertise in DLT, while exploring new applications for IOTA’s technology in areas like global digital trade, Self-Sovereign Identity, and data monetization. IOTA and Eviden are partnering on the Eviden Digital Passport Solution (EDPS), “Powered by IOTA”. As one of the first ready-to-use…