Author: NBTC

While Bitcoin has been experiencing consecutive declines recently, these declines are considered to be effective due to BTC sales from the German and US governments and miners. While BTC is currently above $61,000, data on Personal Consumption Expenditures (PCE), which is closely followed by the FED when making interest rate decisions and is considered a leading inflation indicator, was announced. Accordingly, all data announced regarding personal consumption expenditures in May were as follows: Core Personal Consumption Expenditures Price Index (Annual) Announced 2.6% – Expected 2.6% – Previous 2.8% Core Personal Consumption Expenditures Price List (Monthly) Announced 0.1% – Expected 0.1%…

Shiba Inu (SHIB) and Cardano (ADA) see a surge in whale interest as whale transactions worth at least $100,000 spike to double the yearly average. This renewed interest among whale addresses comes at a time when Shiba Inu has reclaimed the crucial $0.000025 price threshold, seeking to leverage another price pump toward the $0.000027 and $0.000028 range. Meanwhile, Cardano has faced a roadblock to the mild upsurge it registered at the start of the week. Notably, behavior analytical resource Santiment called the public’s attention to this surge in whale transactions, citing on-chain data. They confirmed that this week has witnessed…

The UK’s Financial Conduct Authority (FCA) says it is clearing an ‘operational backlog’ by approving an increasing number of registering crypto firms and growing its crypto capability to 100 employees. In a speech given yesterday, the FCA’s joint executive director of enforcement and market oversight, Steve Smart, said that crypto firms are registering with the regulator at an increased rate thanks to the FCA helping them to better navigate its registration process. Smart said that prior to this, “some 86% of the initial crypto registrations we received were rejected, withdrawn or refused.” He said a total of 44 crypto firms…

Binance, the world’s largest cryptocurrency exchange, started the new day and week with the announcement of altcoins. At this point, Binance made an announcement regarding 13 altcoins, stating that 2 altcoins were removed from the watch list and 11 new altcoins were added to the watch list. Accordingly, Binance announced that it added the altcoins named BAL, CTXC, CVP, CVX, DOCK, HARD, IRIS, MBL, POLS, SNT and SUN to the watch list, while it said that it removed the altcoins named MLN and ZEN from the watch list. “Based on recent reviews, Binance will expand the Tracking Tag to include…

National Power Administration (ANDE) employees have been accused of participating directly in setting up illegal bitcoin mining farms in Paraguay. According to local sources, seven engineers of the institution would have been installing bitcoin farms across the country as the prosecutor’s office is carrying out this investigation with ANDE’s cooperation. Seven ANDE Engineers Involved in Setting up Illegal Bitcoin Mining Farms in Paraguay State officials would be participating in organizing and deploying illegal bitcoin mining farms in Paraguay. According to local reports, seven engineers employed by the National Power Administration (ANDE) in Paraguay would be involved in organizing illegal connections…

The price of Bitcoin has surged to its highest since the much-talked about halving event on April 19, touching a recent high of $67,422 on Friday before dipping again. CoinGecko data shows that the biggest digital asset is up by nearly 3% in the past day. Over seven days, the coin has risen by more than 9%. It’s now priced at $66,750. Bitcoin last hit today’s high price on April 13, more than a month ago. Bitcoin dropped following the halving—a quadrennial happening baked into the coin’s code—though experts told Decrypt that was to be expected. A combination of factors…

KwikPik leverages Hedera to solve delivery fragmentation, boosting financial inclusion in Africa. Hedera expands governance with industry giants like Hitachi and Mondelez, enhancing its global influence. Hedera is causing a stir in decentralized finance (DeFi) as well as financial inclusion. Their creative ideas and calculated alliances are raising benchmarks for the blockchain sector. Hedera is Driving Financial Inclusion in Africa KwikPik, Hedera-based Decentralized Physical Infrastructure Network (DePIN), is transforming financial inclusion all throughout Africa. Operating an Uber-style Delivery-as-a-service (DaaS) platform, KwikPik solves the long-standing scattered delivery problems across the continent. The @Hedera-based @getKwikPik #DePIN is actively driving financial inclusion throughout…

Ethereum co-founder Vitalik Buterin has joined as an angel investor in MegaETH, a new Ethereum-compatible blockchain project. MegaETH has secured $20 million in seed funding from several crypto investors, including Buterin. More importantly, we are so lucky to have amazing Mega Angels. Deep gratitude goes to @VitalikButerin @ethereumJoseph@sreeramkannan @cobie @santiagoroel @TheRealKartik @hasufl@0xMert_ & so many more who believe that @megaeth_labs is going to Make Ethereum Great Again — brother bing / mega-bing / 饼兄 (@hotpot_dao) June 27, 2024 MegaETH, developed as a Layer 2 solution on Ethereum, reports transaction processing speeds of up to 100,000 transactions per second (TPS) with…

DeFi Technologies’ subsidiary Valour has unveiled the first exchange-traded product for Core DAO, a Bitcoin scaling solution. Switzerland-based financial firm Valour has introduced its first exchange-traded product (ETP) for Core DAO (CORE), a Bitcoin-powered layer-1 solution integrating proof-of-work and delegated proof-of-stake consensus mechanisms. In a press release seen by crypto.news, the Core Foundation said the new product called “CORE ETP” will be available on the Spotlight Stock Exchange as part of the organization’s efforts to offer investors “a new way to get exposure to the Core blockchain network.” Rich Rines, the founding contributor to CoreDAO, said the launch of the…

FIDA, the token governing Solana-based infrastructure developer Bonfida, has surged by 35% following the launch of its Solana Name Service (SNS) in China. At the time of writing, FIDA was still up 29%, trading at $0.392 over the past 24 hours, according to CoinMarketCap. The token recorded a daily trading volume of $72 million and a total market cap of $50.3 million. FIDA 24-hour price chart | Source: CoinMarketCap Despite the recent price increase, FIDA is still down 96% from its all-time high of $10.87, which reached April 4, 2021. Bonfida leverages the low-latency and cost-effective features of the Solana…