Author: NBTC

Tether’s strategic advisor Gabor Gurbacs has taken to his account on the popular X social media platform to share his take on what is likely to power Bitcoin’s next large rally. Gurbacs reveals next likely Bitcoin rally fuel Tether’s advisor tweeted that it is the expansion of the credit market that is likely to fuel the next big Bitcoin rally. He was referring to loans taken in Bitcoin from financial institutions, particularly by big TradeFi shops or TradeFi big players. Gurbacs notes that while many traders may still be not used to lending Bitcoin or borrowing BTC, a large BTC…

The recent approval of Ethereum ETFs marks a significant milestone in the crypto space, potentially transforming the market much like the approval of Bitcoin ETFs did in the past. As market watchers and investors work to understand these developments, insights from popular crypto analyst ‘Virtual Bacon’ on social platform X offer a comprehensive look at the expected effects and strategic responses to this event. Understanding the Ethereum ETF Timeline Although approved in May, the Ethereum ETF required a second approval through the S-1 filing before trading could commence. All eight issuers, including major financial players like BlackRock, Fidelity, Bitwise, ARK…

Jingdong Technology Group’s subsidiary, Jingdong Coinlink Technology, has announced plans to launch a stablecoin pegged to the Hong Kong dollar to the ratio of 1:1. The JD’s stablecoin will be issued on a public blockchain, such as Ethereum (ETH) and Solana (SOL). The Chinese e-commerce company intends to launch a highly liquid stablecoin with verifiable reserves through regular disclosures and audit reports. Furthermore, JD is one of the stablecoin issuers the Hong Kong Monetary Authority (HKMA) listed to ensure a regulated market. JD, one of China’s largest e-commerce groups, will issue Hong Kong dollar stablecoin on public blockchain. JD ranked…

Monero (XMR), a cryptocurrency celebrated for its privacy and anonymity, is grappling with significant market challenges as regulatory scrutiny on privacy tokens intensifies. Launched in 2014, Monero was designed to provide completely private and untraceable transactions, leveraging advanced cryptography to obscure both senders and recipients. This level of confidentiality has made it a favored choice for those prioritizing financial privacy, distinguishing it from more transparent cryptocurrencies like Bitcoin. However, recent developments have cast a shadow over Monero’s promising features, creating concerns about its future in the evolving crypto landscape. Monero’s recent price performance Despite its strengths, Monero has faced declining…

“I am not a fan of Bitcoin and other cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated cryptoassets can facilitate unlawful behaviour, including drug trade and other illegal activity.” Thankfully, the official position of the Republican Party has changed dramatically since President Donald J Trump condemned the emerging crypto industry in those uncompromising terms back in 2019. Earlier this month, the Republican National Committee adopted an ambitious platform to promote innovation in the US’ digital assets industry and protect the rights of bitcoin holders. For one, the official platform pledges that…

Data Ownership Protocol (DOP) has recently partnered with Polygon with its exclusive deployment. This collaboration of Data Ownership Protocol with Polygon (an L2 scaling solution operating parallel to the Ethereum blockchain) aims to expand its ecosystem along with providing effective solutions to users. The company disclosed this development on its official X account. We’re excited to announce a collaboration with @0xPolygon! DOP is being deployed on Polygon PoS! This marks a significant step in expanding our ecosystem and bringing more efficient solutions to our users. Stay tuned for more updates!Read more: https://t.co/rbI2FWTIJu pic.twitter.com/cJCrmzB4PA — Data Ownership Protocol (@dop_org) July 23,…

Amid an ongoing sell-off on the cryptocurrency market, Michael Saylor, a prominent Bitcoin advocate and chairman of MicroStrategy, has made a statement on X (Twitter) that resonated across the crypto space: “Just Bitcoin.” This two-word tweet comes as the crypto market faces significant liquidations, with Bitcoin’s price falling. Just #Bitcoin pic.twitter.com/jzXszQ9sfO — Michael Saylor⚡️ (@saylor) July 3, 2024 Bitcoin, the largest cryptocurrency by market value, began its decline in the Tuesday trading session, reaching $63,223 at one point before falling further. The losses deepened on Wednesday as investors considered Fed chair Jerome Powell’s remarks, with Bitcoin reaching intraday lows of…

Wall Street is diving deeper into tokenization, transforming real-world assets into digital tokens on the blockchain. But there’s a catch: should they venture into the “Wild West” of decentralized finance, with its promise of automated financial services and potential for high returns, is a regulatory gray area. It is decentralized, opaque, and lacks the familiar oversight of traditional finance. Yet, despite the risks, the allure of tokenization is drawing mainstream financial players into this uncharted territory. The core issue is whether Wall Street should integrate with DeFi, which some view as a risky territory. Alternatively, institutions could develop private blockchains…

Coinbase Asset Management is creating a tokenized money-market fund, according to four people familiar with the plan. Tokenization of real-world assets is a hot corner of crypto. BlackRock’s tokenized U.S. Treasuries fund quickly grabbed $500 million of assets this year. The asset management arm of U.S.-listed cryptocurrency exchange Coinbase (COIN) is creating a tokenized money-market fund, jumping into one of the hottest crypto-powered corners of finance, according to four people familiar with the plan. Tokenization, or representing ownership of real-world assets (RWAs) through blockchain-based products, has become one of the big trends in crypto of late. BlackRock, the world’s biggest…

Chainlink $LINK has seen a notable decrease in its supply held on exchanges, dropping from 23.0% to 21.4% over the past 30 days. Historically, such a reduction has been a precursor to significant price movements. 🔗🧐 Chainlink’s supply on exchanges has dropped from 23.0% to 21.4% in just the past 30 days. The last time we saw this level of decline of LINK coins on exchanges, from Sep. 15 to Oct. 14, the 15th ranked market cap coin surged +123% over the next 4 weeks. pic.twitter.com/K9zPOAwdiz — Santiment (@santimentfeed) July 22, 2024 The last instance of a similar decline in…