Author: NBTC

Cryptocurrency advocate John Deaton (who particularly supports Bitcoin and XRP) has taken to his account on the X social media platform to share his take on the recent quarter-million-USD worth of Bitcoin transaction made by the U.S. government to the Coinbase exchange. This was part of the funds confiscated in 2013 from the Silk Road dark web market place when it was shut down and its founder Ross Ulbricht arrested and given two lifetime prison sentences. Deaton stated that this does not coincide with the recent SEC policy of proclaiming Coinbase illegal. This is the NONSENSE people are sick and…

Hong Kong’s largest digital lender, ZA Bank, has announced plans to support the city-state’s stablecoin plans by providing reserve bank services for digital asset issuers. In an official announcement, the digital bank disclosed that the move to provide the services to stablecoin issuers is the first of its kind in Hong Kong and is designed to integrate traditional banking services with financial technology innovation. ZA Bank’s exclusive services will allow issuers to hold accounts to store their reserves backing the stablecoin in line with new standards unveiled by Hong Kong’s regulators. Furthermore, the bank appears willing to undertake settlement services…

Cronos, a well-known Ethereum Virtual Machine compatible chain operating under Cosmos, has recently announced a new development. As per the platform, it will release its impending Cronos Mainnet v1.3 Upgrade on the 18th of July to offer improvements for RPC and backward compatibility. The platform disclosed this endeavor on its official social media account on X. 🛠️ Upgrade incoming: #Cronos v1.3 upgrade is set for 18 July 2024 at 7AM UTC.Learn more #CROFam:👉 https://t.co/xNwgKrKybT — Cronos (@cronos_chain) July 17, 2024 Cronos to Launch the Miannet v1.3 Upgrade on July 18 After the 1st proposal concerning the Cronos Mainnet v1.3 upgrade,…

Bitcoin’s drop was really unexpected, but things may turn out better than expected thanks to the fact that it is not being sold to the ground by institutions, and there is a silver lining that you should not miss if you believe that the asset is going down rapidly. Even before the U.S. government started selling BTC, spot traders had been selling their holdings. As traders anticipate an increase in supply, this inflow of Bitcoin onto the market usually sets off a sell-off. As expected under the circumstances, the market’s initial response has been sustained selling pressure. The market’s reaction…

The World Gold Council’s Q2 2024 report highlights a year-on-year increase in gold demand, marking the highest second-quarter demand since 2000. This surge is fueled by central bank purchases and OTC investments, with central bank gold buying up by 6% and technology sector demand rising by 11%. Q2 2024 Sees Record Gold Demand The World Gold Council’s latest report, published on July 30, highlights Q2 2024 trends, showing the highest second-quarter gold demand since records began in 2000. While noting that “Gold demand excluding OTC in Q2 was down 6% y/y to 929t as a sharp decline in jewelry consumption…

TRON USDT issuance surpasses $60 billion, marking a significant milestone. TRON processes 6.75 million daily transactions, showing network growth. Justin Sun, CEO of Tron Network, announced that the issue of TRON USDT has exceeded $60 billion, a significant historical milestone. With this feat, TRON becomes the first blockchain to have a single stablecoin issuance exceed $60 billion. The issuance of TRON USDT has exceeded $60 billion, which is a significant milestone. We have also become the first blockchain with a single stablecoin surpassing $60 billion! #TRX #TRON https://t.co/AM8cK08npP pic.twitter.com/VsFVNGlo2g — H.E. Justin Sun 孙宇晨 (@justinsuntron) July 16, 2024 TRON USDT…

Players can earn rewards from a 65k $SAND prize pool by participating in the Otherworld: Solo Leveling event in The Sandbox. This event is running till 23rd August, and offers three playable experiences named Otherworld Official, Second Life Ranker, and Solo Leveling – Unlimited. The Otherworld Official and Solo Leveling – Unlimited experiences are built on a 2 x 2 size land, whereas Second Life Ranker XP is built on a 1 x 1 land. During the event, players are required to complete 43 quests in on of the playable experiences to unlock a share of the reward. How will…

Bitcoin has shown sharp price declines recording a 10% decline in June 2024. The cryptocurrency witnessed a 15.63% reduction in daily trading volume. The leading cryptocurrency, Bitcoin, caused a tumult by sliding back to the $60K level earlier this week. With constant bull-bear combats, the token has failed to reach new highs as expected post-halving. Over the past few months, BTC price has been dallying around the $60K to $70K range. In the past 24 hours, BTC observed a notable 15.63% decline in daily trading volume and a 0.35% decline to the $60K margin. At the time of writing, Bitcoin…

The US Federal Reserve is set to announce its decision regarding interest rates this Wednesday afternoon at around 2PM EDT. As it stands, the Fed is not expected to announce cut rates just now. Come September, however, the CME FedWatch tool predicts a 4.1% chance of eased rates, as implied by 30-day futures prices. This probability is configured alongside a 12 to 13.8% chance of trimming basis points by 50 basis, instead of the usual 25. This news comes with the recent dip in the consumer price index (CPI) in the US last June which brought the crypto market up…

The Terra Luna Classic community is voting on a crucial proposal to roll out an independent website. The new site will attract users to the blockchain as it aims to recover traffic lost since 2022. 🚨 LUNC ON THE RISE? | TERRA CLASSIC COMMUNITY VOTE: NEW SITE, WHO DIS?Terra Luna Classic community is vibing on a proposal for a slick new site, aiming to reel in the lost traffic since 2022.USTC is pumping, up 17%, and Binance just torched 62 billion LUNC tokens.The… pic.twitter.com/IRkBN4LDvT — Mario Nawfal’s Roundtable (@RoundtableSpace) July 17, 2024 Since the May 2022 crash, Terra Classic has…