Author: NBTC

Chicago FED President Austan Goolsbee stated that he believes that the decrease in price pressures requires lowering interest rates, as supported by the moderate June inflation data announced last week. Goolsbee expressed concerns that keeping interest rates steady could lead to an overly restrictive policy stance because the inflation-adjusted short-term interest rate rises each month that inflation falls. Goolsbee described the latest inflation data as “excellent”, saying the figures provided the evidence the central bank needed to ensure it was on track to meet its 2% inflation target. However, he declined to give a specific timeline for the first rate…

An investor is eyeing Cardano as a potential standout in the next bull market, drawing parallels to its impressive performance during the last crypto rally. Highlighting Cardano’s unique security features, which combine the strengths of Bitcoin and Ethereum, and the anticipated native token listings on major exchanges, he sees significant upside potential. Cardano, Avalanche, Bitcoin, & Base! BIGGEST Crypto Bull Market Ever!My top plays for this bull cycle.Intro 00:00Bitcoin and altcoins 1:00Cardano 1:45Avalanche 4:15Bitcoin native assets & $Dog 7:25Base layer 2 10:30 pic.twitter.com/aEdiSMlhl9 — Dan Gambardello (@cryptorecruitr) May 28, 2024 For Avalanche, the investor notes its recent outperformance to Cardano.…

A big name in crypto, Ripple’s CTO David Schwartz, chimed in on the whole “where to keep your crypto” debate. While he did not outright diss platforms like Coinbase, he did remind everyone that if an exchange goes belly-up, your crypto might be going with it. This all started with someone asking about FDIC insurance for their USD on Coinbase. Schwartz explained that FDIC only protects your cash if the bank fails, not the exchange itself. Basically, if Coinbase goes bust and the bank does not have enough to cover everyone, you are out of luck. I have no particular…

On July 8, Katie Stockton, founder and managing partner of Fairlead Strategies, appeared on CNBC’s “Squawk Box” to share her insights on Bitcoin’s recent volatility and broader market trends. In her conversation with co-host Joe Kernen, Stockton provided a detailed analysis of the current state of the cryptocurrency market and the technical indicators that investors should watch. Katie Stockton began by addressing Bitcoin’s recent decline, noting that the cryptocurrency had fallen below $55,000 for the first time since February. Source: TradingView Stockton explained that this drop followed the announcement from Mt. Gox that it had begun making repayments nearly a…

stabble, an innovative solution for optimized liquidity management in Solana’s dApps, begins its mainnet operations. Through its instruments, DEX traders and liquidity providers can operate their assets in more resource-efficient ways. stabble mainnet now opened for Solana’s DEXes stabble, an ambitious Solana frictionless liquidity and trading layer, debuts its mainnet operations after months of stress testing. Technically, stabble unlocked its mainnet opportunities for DEXes, indicating a shift toward protocol-managed liquidity and arbitrage for improved capital efficiency. The project’s mainnet launch builds on advancements in its initial integration with DefiLlama, which activated a couple of user-centric features such as support for…

In a recent statement, credit rating agency Moody’s shared its analysis of the expected course of the US economy. The organization predicts that the FED may start policy easing with a 25 basis point (BP) reduction at the meeting to be held on July 30-31. Moody’s also expects the Fed interest rate to be reduced by 50-75 basis points in 2024 and another 100-125 basis points by 2025. This forecast is made at a time when inflation is approaching the FED’s 2% target and concerns are growing that the strength of the labor market will be long-lasting as the FED…

Multichain portfolio tracker Pulsar Finance has added Solana to its list of supported blockchains. With the Solana integration, the platform now supports 100 blockchains. “As the Web3 space becomes more fragmented, the need for a unified asset management solution becomes critical,” said Eduardo Alves, founder of Pulsar Finance, told crypto.news. Solana-based meme coins have been under the spotlight lately, with several tokens witnessing massive surges in prices. For instance, Dogwifhat rose by 400% in March, while Lucky Boo, another community-driven memecoin, sold out its first presale round in mere hours. With several other memecoins being launched and several projects migrating…

Crypto exchange Kraken said it received Mt. Gox creditors’ funds, according to an email statement seen by CryptoSlate. According to the email: “We have successfully received creditor funds (BTC and BCH) from the Mt. Gox Trustee. While we will work to distribute funds as quickly as possible, please anticipate 7-14 days for funds to be credited to your account. The amount you will receive has been determined by the Trustee, and we will distribute according to their instructions.” Earlier today, Mt. Gox transferred approximately 92,000 BTC, valued at $5.8 billion, to four unnamed addresses, according to the blockchain analytical platform…

So far, Bitcoin has seen significant volatility in the last trading session, hinting at frail investor sentiment. Earlier today, the asset soared to as high as $57,300. However, the asset now appears to have run out of steam after reaching this mark as it trades at $55,966, down by 1.6%. This surge in volatility is a sign that the market has become more fearful as traders watch several key technical levels. However, the latest data suggests a shift in trader patterns as more defensive strategies are sought. Analysts from the ETC Group report have noted a substantial increase in the…

API3, a prominent player in the decentralized oracle network that enables APIs to feed data directly into blockchain smart contracts, has announced a strategic integration with IronClad Finance. This collaboration aims to revolutionize the decentralized lending market on the Mode network, marking a significant advancement in the accessibility and functionality of DeFi (decentralized finance) applications. IronClad Finance, known for its robust DeFi solutions within the Superchain ecosystem, has adopted the API3 Oracle Stack to enhance its lending services. This integration facilitates a more secure and reliable data flow, crucial for the accuracy and efficiency of financial services on the blockchain.…