Author: NBTC

Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report. The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times. The Times points to Goldman Sachs and Citigroup, which recently sold portions of a troubled $1.7 billion loan backed by office buildings in New York, San Francisco, and Boston, as primary examples. Capital One has also offloaded a $1 billion portfolio that included a large number of office loans in New York. Although…

A multisig wallet has recently deposited a huge amount of $AGIX tokens to the prominent crypto exchange Binance. As per SpotOnChain (a famous on-chain analytics forum), the respective wallet reportedly deposited up to 4 million $AGIX coins to the crypto exchange just thirteen hours back. The analytics firm took to its official X account to offer insights into this development. 13hrs ago, a multisign linked to @SingularityNET deposited 4M $AGIX ($3.63M) to #Binance.The multisign had been inactive with $AGIX for 6 months;And now returned to unload just 1 week before major #AI tokens $AGIX, $FET, $OCEAN are merged into $ASI…

Keisha Lance Bottoms, soon to be Joe Biden’s senior campaign adviser, told the media that crypto is a nonpartisan issue. On June 27, Bottoms told The Hill that crypto is “a nonpolitical and unifying issue that has received bipartisan support,” adding that crypto has attracted attention from voters across the US. She added that crypto and blockchain are “evolving the financial system,” including by empowering Atlanta’s Black-owned businesses. She commented on financial inclusion, stating she aims to address issues that “impact communities of color who are disproportionately unbanked and underbanked in America.” Bottoms called for fair regulation The Atlanta Journal-Constitution…

Michael Saylor, the founder of the MicroStrategy business intelligence giant, has issued a fundamental statement about what is happening as Bitcoin continues to win against fiat money. Basically, Saylor tweeted that Bitcoin is saving investors money from depreciating, again reminding them about its store-of-value status. In the meantime, the world’s flagship cryptocurrency reclaimed the $67,000 price line on Friday and then again recaptured it after a minor rebound that followed earlier today. Michael Saylor’s profound statement on BTC and fiat The vocal Bitcoin evangelist Saylor addressed his vast audience on X to tell them that Bitcoin prevents investors’ fiat money…

The founders of the blockchain analytics platform Glassnode believe Ethereum (ETH) could skyrocket by triple-digit percentage points. Glassnode co-founders Jan Happel and Yann Allemann, who use the Negentropic pseudonym on the social media platform X, say that based on history, Ethereum could go up by approximately 120% from the current level to reach a new all-time high. “ETH to approximately $7,500 as a final top? If we look to ETH history, we observe how we in early 2021 had similar pattern for ETH developing. See YELLOW MARKINGS [below]! We believe market moves in structures. And this structure gives us a…

The blockchain space saw a big week of venture capital (VC) activity, with 23 startups securing over $154 million in funding. According to data from Crypto Fundraiser, the amount of money that flooded the crypto space exceeded last week’s total by almost $91 million. VC firms also funded 10 more projects this week than last week. Here’s a breakdown of the top deals: Conduit, $37 million Conduit led the pack. The crypto infrastructure dominated with a $37 million series A round. We’re excited to announce our $37M Series A, led by @paradigm and @HaunVentures https://t.co/30ve2CJlh7 — Conduit (@conduitxyz) June 25,…

Dora Factory, a decentralized governance technology and public goods funding platform, has announced a new gas fee airdrop of its native token, DORA, to all Cosmos (ATOM) stakers, according to the info disclosed to Finbold on June 6. Expected to mobilize over one million eligible addresses, the initiative is set to jumpstart the largest Minimum Anti Collusion Infrastructure (MACI) voting round in history. Empowering the Cosmos Hub ecosystem On June 5, ATOM stakers across the Cosmos Hub received DORA tokens, which marked a significant milestone, as the DORA token underpins Dora Vota, a decentralized governance application chain developed with the…

The European Union’s Markets in Crypto-Assets Regulation (MiCA) will come into effect on 30 June, which is only three days away. As such, many crypto exchanges offering services in the bloc are already taking measures, mostly by dropping stablecoin offerings. “This will be a first step entering the new regulatory framework, and it will have a significant impact on the stablecoin market in the European Economic Area (EEA),” Binance, the largest crypto exchange in terms of trading volume, stated. Crypto Exchanges Dropped Stablecoins At least four cryptocurrency exchanges have confirmed that they are restricting some stablecoin access to users within…

Bitcoin (BTC) is currently trading with a bullish bias, with the cryptocurrency climbing to its highest point in over a month. As the asset shows strength, the market remains on edge regarding the next move, especially if Bitcoin is primed to reclaim another record high. In looking at the next Bitcoin price trajectory, crypto analyst RLinda pointed out in a TradingView post on May 18 that bulls are now ready to challenge Bitcoin resistance. According to the analyst, buyers have pushed Bitcoin’s price upward after successfully defending the $64,500-$65,000 support range, testing the resistance at $67,250. She noted that the…

Ethereum, the second-largest cryptocurrency by market capitalization, has experienced a significant decline in value recently. Over the past month, its price has dropped by 15%, leading to concerns among investors about the future of this digital asset. The current situation raises questions about whether this downturn signals a prolonged decline or if it is merely a temporary setback before a potential recovery. Despite the price decrease, some analysts remain optimistic about Ethereum’s prospects. Prominent cryptocurrency analyst Yodhha has identified technical patterns that may indicate a forthcoming reversal in Ethereum’s fortunes. Ethereum: Signs Of Potential Reversal? Yodhha’s analysis highlights two key…