Author: NBTC

The Bank of Korea (BoK) is possibly considering rate cuts, according to reports. Governor Rhee Chang Yong stated in a discussion that upcoming events like the United States Federal Reserve’s policy decision, Bank of Japan Governor Ueda’s testimony to Parliament, and the release of US labor data could cause significant market volatility. The report suggests that the BoK will not make any immediate changes but will closely watch the impact of these events on Korean markets before deciding. Interestingly, the Board’s policy stance currently leans towards rate cuts and monetary easing. Looking ahead to the next three-month policy discussion, four…

WLD, the native token of the digital identification platform Worldcoin, has emerged as the top gainer among the leading 100 cryptocurrencies, with a surge of 9% over the last day. At the time of writing, WLD was exchanging hands for $2.36 per data from CoinMarketCap (CMC). The assets market cap is currently hovering at $357 million, making it the 98th-largest digital currency. WLD 24-hour price chart | Source: CoinMarketCap Moreover, the daily trading volume of Worldcoin recorded a 116% rally, reaching $357.8 million. Despite the latest price surge, WLD is still down 80% from its all-time high of $11.82, which…

Major hedge funds have increased their Bitcoin ETF holdings, with 60% of the top 25 hedge funds now owning a stake in these digital assets. This trend signals a growing acceptance of cryptocurrencies among institutional investors. Data shows that these hedge funds, including major players like Citadel, Millennium, and G.S. Asset Management, are increasingly incorporating Bitcoin ETFs into their investment strategies. Millennium Management currently has the largest position, holding 27,263 BTC in its ETF portfolio, after adding 1,429 BTC during the second quarter of 2024. G.S. Asset Management and Schonfeld Strategic Advisors also hold significant positions, with 6,202 BTC and…

Former President Donald Trump is out with another collection of digital trading card non-fungible tokens (NFTs), which were once a lucrative business line for the Republican nominee. This time around, Trump’s fourth collection will offer high-rollers a piece of the candidate’s suit from his debate with President Joe Biden, according to a post on social media platform Truth Social. People who spend $24,750 on the cards will also get access to Trump sneakers, Trump cocktails and dinner at Trump National Golf Club in Jupiter with Trump. Read more: Trump Says He’ll Release Fourth NFT Collection: ‘The People Want Me to…

Ethereum continues to lag behind Bitcoin as investor concerns over supply dynamics and the increasing focus on memecoins dampen demand. Despite Ethereum’s dominance in the decentralized finance (DeFi) space, recent developments suggest that ETH may struggle to find a new growth narrative. According to Muneeb Khan, Kraken OTC Executive Director, while ETH remains the cornerstone of DeFi, ETH is “in search of a new narrative that will fuel its continued growth.” Khan also noted that the initial excitement over ETH’s deflationary potential has faded, contributing to its underperformance relative to Bitcoin. Layer-2 platforms like Arbitrum and Optimism, which help Ethereum…

2024 has proven to be a highly profitable year for investors in the stock and cryptocurrency markets. Aside from them, gold has reached its all-time high, and silver is trading in the green, making it an opportune time to consider investing. One of their staunch supporters and investors is Robert Kiyosaki, a famous finance author who has spent his career advocating against fiat money and proposing alternative ways of investment, calling them “real assets.” Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) have found their place in his portfolio. Kiyosaki uses these assets as a means of deterrence…

Ripple has introduced a new feature in its Ripple Payments API that allows developers to test XRP transactions in real time without using real funds. Yesterday, leading American crypto fintech Ripple announced the “Try it Before You Buy It” feature for developers and intending customers. The firm added this feature to its API documentation to offer developers real-time experience testing the Ripple Payments services. Our new “Try It” feature in the Ripple Payments API documentation lets developers test API requests in real-time without logging in or using real funds. Available now as a lightweight testing tool, customers can “try it…

TL;DR Kraken added new EUR margin pairs, including SHIB/EUR, offering more trading options for European users. SHIB is gaining wider support, while the meme coin community aims to take control by the end of 2024. More Support for SHIB and Other Altcoins One of the leading US-based cryptocurrency exchanges, Kraken, expanded the list of margin pairs offered on its platform. Most recently, it added SHIB/EUR, NEAR/EUR, SEI/EUR, and PEPE/EUR. The euro (EUR) is the official currency of the Eurozone, which consists of 20 countries, including Germany, France, Spain, Italy, Austria, the Netherlands, and other strong economies. Kraken’s latest offering means…

NDapp.org has rolled out a series of updates to enhance user experience and functionality, including an initial Neo X integration, support for the NeoLine wallet Chrome extension, and new reference periods for dApp statistics. Neo X apps and dApps will begin showing up on nDapp as new projects are deployed on the Neo X MainNet. Several dApps, including Carrot Swap, ZNS Connect, and AsteroNEO, and one app, OwlX, have already been listed. Project information and social media links may be found, but statistics for Neo X projects are currently in progress. The updated design for dApp listings The GAS reward…

In an appearance on CNBC’s “Power Lunch” on August 20, Custodia Bank CEO Caitlin Long shared her insights on the current state of the crypto sector and her outlook on Bitcoin. Her comments provided a detailed perspective on what is special about Bitcoin and the unique position of Wyoming as a crypto hub in the United States. Custodia Bank is a Wyoming-based financial institution serving the cryptocurrency industry. It operates as a full-reserve bank, holding 100% of deposits and offering services like money market mutual funds and U.S. dollar deposits. Custodia has faced challenges, including a denied master account from…