Author: NBTC

On the campaign trail, former United States President Donald Trump says crypto holders should be concerned about the Orwellian implications of a digital dollar. But behind the scenes, the Federal Reserve is not moving forward on developing a central bank digital currency (CBDC), according to Fed Chair Jerome Powell. “In terms of a CBDC, there’s really nothing new going on,” Powell said during Wednesday’s Federal Open Markets Committee meeting. “There’s not much going on at all.” The creation of a digital dollar has served as a rallying cry for conservatives including Republican Florida Governor Ron DeSantis and Sen. Ted Cruz…

Between yesterday and today, the collapse of the Bitcoin price that started over the weekend has ended. The situation seemed to be critical, but in the end, it turned out to be solid anyway. The collapse of Bitcoin and the price analysis today The lateralization The price situation today after the Bitcoin crash The last days The collapse of Bitcoin and the price analysis today In reality, although many have defined it that way, it was not a true and proper collapse. The loss, however, was clear and swift, even though it was perfectly in line with the behavior of…

SushiSwap, a prominent decentralized exchange, has announced the completion of Chain Subscription Payment on the SKALE Network. The effective accomplishment of the respective initiative by SushiSwap enables the company to keep operating on the Europa Liquidity Hub of the Skale Network. The platform took to its official social media account on X to provide the details of this significant development. Good news 🎉 We’ve made our chain subscription payment to keep Sushi cooking on the @SkaleNetwork Europa Liquidity Hub!Thanks to SKALE, validators earn from dApp subscriptions, so there are NO GAS FEES for you!Enjoy SushiSwap with zero gas fees! 🍣🚀https://t.co/kEo5LRdWrO…

Ripple has reportedly divested its stakes in Bitstamp and Tranglo. This surprising move has left many in the crypto community speculating about the underlying reasons, as the company has not offered an explanation. Based on data from Crunchbase, Ripple has sold its investments in Bitstamp, a popular cryptocurrency exchange, and Tranglo, a platform for international payments. These actions are reflected in updates on Crunchbase, which document these changes in Ripple’s portfolio. However, Ripple has not provided reasons for these strategic decisions. Ripple’s departure from Bitstamp is particularly noteworthy in light of Bitstamp’s recent acquisition by Robinhood for $200 million. This…

New stablecoin regulations in Switzerland, requiring Know Your Customer (KYC) verification for all holders, have drawn sharp criticism from within the crypto community. Ripple CTO David Schwartz rebuked the law as a “know your customers’ customers” regulation, emphasizing the stringent requirements on financial intermediaries involved in stablecoin transactions. Sure, just not “know your customers’ customers” regulations. — David “JoelKatz” Schwartz (@JoelKatz) August 2, 2024 The Swiss Financial Market Supervisory Authority (FINMA) recently published the new law, mandating that the identity of all stablecoin holders be “adequately verified by the issuing institution.” FINMA views stablecoin issuers as financial intermediaries subject to…

Bitcoin transaction fees have stayed below $7 since Jun. 9, 2024, and have fallen under $3 in the last five days. Even with this decrease in fees, over 200,000 unconfirmed transactions have persisted in the backlog, as the queue has not come close to clearing since October 2023. Bitcoin’s Fee Market Struggles to Match Network’s Rising Demand This week, transaction fees on the Bitcoin network have remained low, currently averaging 22.3 satoshis per virtual byte (sats/vB), or $2.67 per transaction. According to mempool.space on June 27, a high-priority transfer costs approximately 10 sats/vB, or about $0.86 per transaction. Fees have…

The Orissa High Court in India has reaffirmed that cryptocurrency trading and transactions are neither banned nor deemed illegal in India. Citing the legality of crypto, the court granted bail to Sandeep Chowdhury, CEO of Yes World, who was accused of defrauding investors through a Ponzi scheme disguised as a cryptocurrency business. Orissa High Court Highlights Legality of Cryptocurrency The Orissa High Court in India has affirmed that cryptocurrency is not illegal in India. Justice Aditya Kumar Mohapatra, presiding over a single judge bench, granted bail to Sandeep Chowdhury, CEO of Yes World, on July 30, citing the absence of…

The number of Bitcoin holders owning one or more whole Bitcoins has surpassed one million, according to analytics platform IntoTheBlock, demonstrating the growing mainstream acceptance of Bitcoin. This chart shows the number of addresses holding more than 1 Bitcoin.🪙There are currently over 1 million wholecoiners📈There is a clear long-term trend, as more and more people aim to achieve wholecoiner status. pic.twitter.com/QrZgbRGgc7 — IntoTheBlock (@intotheblock) June 27, 2024 A data chart attached to IntoTheBlock’s post illustrated that exactly 1,010,777 addresses hold more than one Bitcoin as of the time of the post. The chart also reflected the growing trend of whole…

VeChain, Magma, and T-Blocks are set to revolutionize Albania’s real estate sector with blockchain technology, enhancing transparency and trust in construction. This partnership aims to digitize real estate construction lifecycles and attract global investors, driving significant growth and innovation in Albania’s market. Besides partnering with high-tech companies reinforcing sustainability, as CNF’s last update covered, VeChain also reaches out to the real estate sector. According to real estate market data shared by Statista, Albania is expected to reach a market value of US$75.21 billion in 2024, with an annual growth rate of 6.46% from 2024 to 2028, resulting in a market…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Cryptocurrencies have seen an exponential rise in adoption over recent years. As of late 2023, the number of global cryptocurrency owners reached approximately 580 million, marking a 34% increase from 432 million at the beginning of the year. You might also like: Regulators should embrace decentralized finance | Opinion As more individuals and institutions adopt cryptocurrencies, the ecosystem has inevitably attracted a mix of genuine participants and fraudsters. Recent statistics reveal growing concerns regarding cryptocurrency fraud. According…