Author: NBTC

Tether Treasury mints 1 billion USDT on Tron, adding to its 31 billion total this year, with historical trends suggesting potential short-term bullish signals for Bitcoin. Tether Treasury recently minted 1 billion USDT on the Tron Network, marking another event in its year-long pattern of large-scale stablecoin issuance. This latest minting occurred just about ten hours ago, following a similar event 30 days earlier. 7 hours ago, #TetherTreasury minted 1B $USDT on #TronNetwork again after a month.#TetherTreasury has minted a total of 31B $USDT in the past year!https://t.co/2wFo2DEvz3 pic.twitter.com/QP28G3GVqv — Lookonchain (@lookonchain) July 16, 2024 Over the past year, Tether…

An extraordinary reveal: Mining was never banned in China. Yes, you read that right. In fact, not only was it not banned, but Chinese miners are leading the world in innovative uses of Bitcoin mining. But what of this Reuters report and others that says it was banned? Let’s have a closer look. Yes, network hashrate dropped from 179.2 EH/s to 87.7 EH/s (a 51.1% drop) seemingly confirming that China banned mining. After all, China was according to Cambridge 46% of global hashrate the month prior to the “ban” (April 2021). So the figures roughly tally up with the thesis…

The German government continues Bitcoin (BTC) sales from where it left off. According to on-chain data and analysis platform Arkham Intelligence data, the address labeled as belonging to the German government made Bitcoin transfers again. Accordingly, the address belonging to the German government moved 750 BTC worth $46 million in about an hour. While BTC worth $30.85 million was transferred to another address, 250 BTC worth $15.4 million was transferred to Bitstamp and Kraken. The German Government currently holds 45,609 BTC worth $2.81 billion. The German Government also transferred 0.001 BTC to Flow Traders; this could be a test trade…

The global financial landscape is reeling from severe market turbulence, reminiscent of past crises like the COVID-19 pandemic. The market crash is largely fueled by growing concerns about a potential U.S. recession. These fears have not only rocked the U.S. banking sector but have also prompted swift action from South Korea in response to its own market plunge. U. S. bank stocks are down sharply in pre-market trading. JPMorgan Chase declined by 3.1% respectively, and other financial institutions including Citigroup and Morgan Stanley cut 1.6% each. Morgan Stanley dropped 3.7%, Citigroup fell 4.5% while Citigroup decreased by 4.4%. These declines…

JASMY promises control over personal information, making data security a standard, not a luxury. JASMY partners with tech giants to redefine data management for IoT and beyond. JASMY’s secure tokens transcend digital assets, forging alliances to enhance security. In a world where data security is paramount, JASMY stands out as a game-changer. Imagine having full control over your personal information, where data security is no longer a luxury but a standard. Welcome to the future with JASMY, a promise of security, trust, and digital freedom. In this era where data is akin to wealth, JASMY empowers you with control. Through…

Polymarket users believe that there is a 55% chance of the U.S. Federal Reserve implementing an emergency rate cut. Earlier today, the Japanese stock market endured its worst crash since 1987, with Japan’s flagship Nikkei 225 index collapsing by more than 12%. This came after the Bank of Japan made a hawkish turn, raising the key interest rate and strengthening the yen. South Korean stocks have also suffered their worst plunge since 2008. U.S. stocks are also under severe bearish pressure. The S&P 500 index opened 4.2% lower. Meanwhile, the tech-heavy Nasdaq 100 index has plunged by more than 6%.…

With Hamster Kombat preparing for its token launch at the end of July, the big question is: what will the token’s price be at launch? Given its 250 million user base, the potential impact on the token’s value is significant. Despite the hype surrounding Hamster Kombat, critical details about its tokenomics remain undisclosed. Bybit already listed HMSTR in its pre-market phase and has speculated a total supply of 10 billion tokens for initial valuation purposes. However, this number is still uncertain and could change depending on when the project officially reveals more information. You might also like: Hamster Kombat premarket…

A widely followed crypto analyst believes that Bitcoin (BTC) will likely hold current levels after briefly correcting into the $59,000 range. Pseudonymous crypto trader Rekt Capital tells his 478,800 followers on the social media platform X that historical precedence suggests Bitcoin will likely continue trading in a range with a low of $60,000 on the weekly chart before breaking out. “Bitcoin was never able to break the re-accumulation range high so early in the post-halving period. BTC has also never lost its re-accumulation range low as support in the post-halving period either. History suggests BTC should be able to hold…

Oracles like Band Protocol and DIA are enhancing XRP Ledger’s DeFi capabilities. Ripple’s focus includes institutional adoption, interoperability, and launching a USD-backed stablecoin. Subsequent to the previous CNF update on Ripple President Highlights XRPL EVM Sidechain in the Q2 Report, the quarterly XRP Markets Report published by Ripple provides transparency and regular updates on the state of crypto markets, relevant XRP Ledger and XRP-related announcements, and market developments from the previous quarter. Following Ripple’s official tweet, it was further highlighted that the Q2 ’24 XRP Markets Report emphasizes the persistent volatility in overall crypto markets during the quarter. The Q2…

Real-world asset startup Zoth has raised $4 million in a strategic round to launch its Tokenized Liquid Note, featuring assets like U.S. Treasury Bills and corporate bonds. Zoth, a decentralized finance real-world assets startup, has secured a $4 million strategic round to advance its efforts in launching digital versions of traditional fixed-income instruments on the blockchain. In an Aug. 5 press release shared with crypto.news, the Singapore-headquartered startup said the funding was backed by Taisu Ventures, G20, Fat Cat Ventures, GemHead Capital, and Foundership Ventures, among others. Zoth CEO Pritam Dutta commented on the funding, stating that the team is…