Author: NBTC

Star, founder of crypto exchange OKX, has expressed strong criticism of certain market practices. Star noted that some tokens, once listed, focus solely on issuing new tokens and reducing assets, actions that ultimately harm users. OKX Founder Criticized Market Practices He emphasized that exchanges should not act as accomplices of such projects that do not contribute positively to the market or its participants. Star also acknowledged that OKX has faced difficulties with its listing practices, citing the current lack of regulation regarding listing and holding reduction as problematic. He called for a collective industry introspection on how to safeguard the…

Amid the ongoing economic uncertainty, Michael Saylor, cofounder and chairman of MicroStrategy and prominent Bitcoin advocate, has once again voiced his unwavering support for the leading cryptocurrency. As investors grapple with uncertainty over interest rates and potential future cuts, Saylor has offered a clear message: “The cure to economic ill is the orange pill.” The cure to economic ill is the orange pill. pic.twitter.com/MPGHLNCqK1 — Michael Saylor⚡️ (@saylor) June 27, 2024 This statement comes at a critical time. Bitcoin reached the $62,000 price mark after dipping below $60,000 at the start of the week. The market’s direction is currently influenced…

Crypto Fund Trader has joined the ranks of prop trading firms offering futures contracts to their clients. The crypto-focused investing service provider revealed that it will launch its “Crypto Futures Platform” on August 1. Crypto Fund Trader announced on social media that its new crypto futures platform will debut this week. The offering will include 120 leveraged pairs for digital assets. Moreover, the prop firm promises that the new service will be available to all “with no country restrictions.” The lack of restrictions is particularly significant, as five months ago, the firm suspended its services for US clients on MetaTrader…

Worldcoin’s WLD token surged 40% on Wednesday following the announcement of an extended lock-up period for investors and team members. At the time of writing, the Worldcoin price has reached $3.13, marking a 45% increase since yesterday, according to data from Coingecko. This is the highest price WLD has reached in a month. Tools for Humanity (TFH), a key player in the initial development of Worldcoin, announced that the timeline for unlocking 80% of WLD tokens allocated to investors and team members will be extended from three to five years. The original plan allowed for the WLD tokens to start…

The news was spread by the “DogeDesigner” (@cb_doge) account on the X platform about Elon Musk’s X company taking yet another step toward establishing internal payments on X (formerly widely known as Twitter). “DogeDesigner” is a member of the Dogecoin team, and he also often shares insights on what is going on within the X app team. The Dogecoin community reacted with great excitement, anticipating this new X Payments feature to be likely launched later this year. Another license for X Payments granted User @cb_doge spread the word that X has secured a money transmitter license in the state of…

The Bank for International Settlements and Bank of England have found that the balance sheet of asset referenced stablecoins can be supervised. The technology could help nations respond more efficiently to risks from stablecoins, the report added. Nations have stressed concerns over stablecoins experiencing runs in recent years. The Bank for International Settlements (BIS), the so-called central bank for central banks, and the Bank of England (BoE) have been able to demonstrate that the balance sheet of asset-referenced stablecoins can be supervised, a Wednesday report on their latest project said. Project Pyxtrial developed a prototype data analytics pipeline which can…

The Neo X TestNet has been upgraded to the Neo X Gamma version, intended to be the long-term supported TestNet network. The previous Beta TestNet is planned for decommission within two weeks, and all developers are advised to migrate their work to the Gamma version as soon as possible. This Neo X node version is based on the v1.13.11 Geth implementation, supporting the latest Ethereum-compatible Shanghai fork. The Gamma TestNet introduces a range of updates and enhancements. This update implements a policy-based transaction fee-burning mechanism, replacing the EIP-1559 dynamic base fee model. The Gamma version also includes protocol extensions, enhanced…

Coinbase, one of the leading cryptocurrency exchanges, has recently expanded its meme coin offerings on its international platform. This strategic move is intended to meet the growing demand for meme coins among its expanding base of traders and investors. The expansion includes the addition of meme coins, Memecoin (MEME) and Cats in a Dogs World (MEW). Meme coins continue to garner significant attention and interest within the crypto community. In a tweet, Coinbase International Exchange says it “will add support for cat in a dogs world, Memecoin, and Jasmycoin perpetual futures on Coinbase International Exchange and Coinbase Advanced. The opening…

Rebar Labs, a team of seasoned veterans from the Ethereum industry, is bringing their expertise to Bitcoin to tackle the emerging challenges posed by on-chain Maximal Extractable Value (MEV). The company has successfully raised $2.9 million in seed funding, led by 6th Man Ventures, with participation from ParaFi Capital, Arca, Moonrock Capital, and UTXO Management. Carl Vogel of 6th Man Ventures commented, “As the ecosystem of the world’s largest digital asset grows, Rebar’s products will enable good MEV for fair and efficient markets, creating more value for users and miners and enabling the foundation for a flourishing ecosystem.” Rebar Labs’…

As it has done for a long time, the FED did not change interest rates in June and left them constant at 5.25-5.50 percent. Following the June decision, markets are now waiting for the July interest rate decision. When will the July FED Interest Rate Decision be announced? While the fifth FED interest rate decision of 2024 is expected to have an impact on gold, dollar, oil, Bitcoin (BTC) and crypto currencies, the FED will announce its July decision on July 31, that is, today at 21:00 CET. After the decision, FED President Jerome Powell will make a statement at…