Author: NBTC

The interest rate decision to be announced by the FED next week is being followed carefully in the Bitcoin (BTC) and cryptocurrency markets as well as in global markets. While the FED, which has kept interest rates unchanged for more than a year, is expected to begin a rate reduction cycle in September and make its first rate cut, important statements came from International Monetary Fund (IMF) spokesperson Julie Kozack. Julie Kozack, in her press statement, pointed out that the upward risks in inflation in the US have decreased and said that they think it would be appropriate for the…

Mina Protocol has announced that digital assets custody and management firm Copper has added support for its native token MINA. The platform announced the development in a press release on Wednesday, with Mina Foundation highlighting that Copper now supports institutional custody and staking of the Mina Protocol token. “This strategic collaboration is aimed at accelerating the growth of zero knowledge technology with increased liquidity from institutions to help secure the Mina network,” Mina Foundation CEO Kurt Hemecker said. What does this mean? Support for MINA expands Copper’s crypto custody and staking products. It adds to recently announced support for Hedera…

peaq, the L1 blockchain for DePIN and real-world assets, announces the massive expansion of its ecosystem as DeNet joins to deploy its DePIN-powered storage layer. Besides migration from Polygon (POL), DeNet shares the plans of upcoming token mints. Innovative DePIN project DeNet comes to peaq: Details Decentralized storage protocol DeNet, a trailblazer in the segment of data for DePIN, has begun the migration from Polygon (POL) to peaq, a DePIN-centric layer-1 blockchain. As part of this massive move for the global DePIN segment, DeNet is expected to launch two utility tokens. DeNet is Coming Home: the Home of #DePIN 🏡We…

The crypto market has suffered a severe downturn over the past 24 hours, with Bitcoin plunging 17% to a five-month low of approximately $49,700, TradingView’s data shows. The panic sell resulted in over $1 billion in liquidations, according to data from Coinglass. Source: Coinglass Bitcoin, the largest crypto asset, fell to its lowest point since late February before recovering slightly to trade near $53,000. The sell-off triggered a wave of liquidations, with around $900 million in long positions eliminated. Bitcoin traders bore the brunt of the losses, accounting for $360 million in liquidations, followed by Ethereum with $344 million. Source:…

Just 24 hours ago, it was thought to be nearly a done deal that the U.S. Federal Reserve could trim its benchmark fed funds rate by just 25 basis points when it meets next week, but the calculus has quickly changed. After all, the employment picture, as suggested by the August jobs report last week remained robust. And inflation, as shown by this week’s CPI and PPI reports, continued to remain a bit stickier than hoped. Wall Street Journal report Nick Timiraos – occasionally referred to as “Nikileaks” due to his excellent sources inside the Fed – Thursday afternoon, however,…

WAX Coin, the native utility token of the WAXP blockchain, is designed to streamline e-commerce transactions by offering faster, simpler, and more secure processes. Launched in 2017, WAX employs a Delegated Proof of Stake (DPoS) consensus mechanism and is fully compatible with the EOS blockchain. This article delves into the unique features and benefits of WAX Coin, as well as how and where it can be purchased. Contents hide 1 What Makes WAX (WAXP) Unique? 2 How to Buy WAXP Coin? 3 Concrete Steps to Maximize WAXP Benefits What Makes WAX (WAXP) Unique? WAXP aims to revolutionize e-commerce by providing…

Decentralized oracle network Chainlink announced that Soneium, an Ethereum L2 blockchain developed by Sony Block Solutions Labs, has joined the Chainlink Scale program, gaining access to Chainlink data feeds on the Soneium Minato testnet. Trusted by many companies such as Base, Starknet, and Sonic Labs (formerly known as the Fantom Foundation), Chainlink data feeds provide safe and secure access to real-time data critical to the development of decentralized applications (dApps) on Soneium. The strategic partnership also includes the integration of the Chainlink Cross-Chain Interoperability Protocol (CCIP) as Soneium’s canonical cross-chain infrastructure. According to Jun WATANABE, Chairman of Sony Block Solutions…

Bitcoin’s yen-denominated price on the Tokyo-based bitFlyer exchange dropped nearly 15%, significantly more than its dollar-denominated price on Western exchanges. This was influenced by the yen’s sharp appreciation following Japan’s 0.25% interest rate hike. The yen’s strong performance, rising almost 10% against the USD in three weeks, led to the unwinding of carry trades, contributing to the sell-off in risk assets, including bitcoin. Bitcoin’s (BTC) yen-denominated price tanked nearly 15% on the Tokyo-based bitFlyer exchange, registering bigger losses than its dollar-denominated price, which fell 11%, on Western exchanges. Trading volume on bitFlyer has surged 241% in 24 hours, topping the…

CryptoPunks dominate the NFT landscape, capturing the market attention with remarkable sales. The week’s best sale was undoubtedly CryptoPunk #6634, which totalled $685,120. This further shows the public’s sustainable interest in owning CryptoPunks. CryptoPunk has been at the forefront in terms of the largest-selling NFT during the last seven days. These stats show the growing demand for NFTs in the crypto market. TOP #NFT SALES IN THE LAST 7D Among largest sales in the last 7D are: #Fidenza#CryptoPunksLargest Sale: CryptoPunk #6634 – $685.12K pic.twitter.com/XJ0fVupbqF — PHOENIX – Crypto News & Analytics (@pnxgrp) September 15, 2024 Following CryptoPunk, Fidenza Art Makes…

Markets and investors are preparing for the interest rate decision to be announced by the US Federal Reserve (FED) next Wednesday. Although the general expectation is a 25 basis point discount, a 50 basis point discount is priced in at a large rate of 47%. How Will the FED’s Decision Affect Bitcoin (BTC) and Risky Assets? While it remains unclear whether the FED will make a 25 basis point or 50 basis point cut, economists said that there could be a possible selling wave in risky assets such as Bitcoin following the FED’s interest rate decision. Speaking to The Block,…