Author: NBTC

Cumberland DRW, a major digital asset trader and liquidity provider, said on Monday that the New York State Department of Financial Services (NYDFS) granted its New York-based entity a virtual currency license called BitLicense. “We are pleased that the New York State Department of Financial Services has granted Cumberland New York a BitLicense,” the company’s official X account posted. “As one of the only principal trading firms to hold a BitLicense, we look forward to strong trading relationships with institutional New York counterparties,” the company added. BitLicense is New York’s landmark regulation for cryptocurrency-focused businesses put in place in 2015.…

Politifi memecoin project MAGAA told crypto.news of possible plans to launch on Solana in a bid to throw more weight behind Donald Trump’s campaign. Political-theme memecoins have featured among new memecoin market entrants this year. Most tokens like BODEN and TRUMP have been simple caricatures of known figures in Washington. Such ideas have garnered hundreds of thousands to millions in liquidity and market valuation, riding on memetic hype and speculation. However, Make America Great Again, Again! (MAGAA) aims to change the narrative by attempting to pioneer a so-called “politii” paradigm out of the memecoin craze gripping crypto. MAGAA: Memecoin or…

Decentralized Physical Infrastructure Networks (DePin) are transforming the tech by enabling decentralized projects in real-world infrastructure. Here’s what happened recently in the DePin sector: Minima has launched the world’s first on-chain race data logger for the McLaren GT4 supercar, SEALCOIN introduced a new IoT platform supported by strategic investment from The Hashgraph Association, Particle Network Joined Peaq Ecosystem. Minima Debuts Blockchain-Powered Data Logger for McLaren GT4 Minima has successfully powered the world’s first on-chain race data logger for the McLaren GT4 supercar. This technology debuted at the renowned Spa-Francorchamps circuit, marking a massive advancement in motorsport data management. The data…

What’s MEV? For the uninitiated, Maximal Extractable Value (MEV) involves various techniques used by market actors to capture additional value by exploiting price inefficiencies in blockchain transactions. One naive form of MEV is called “transaction sniping.” Most recently, manifestations of this phenomenon have begun populating your local Bitcoin memepools because of ordinals trading. Without going into too much detail, the way on-chain trading currently works is through the use of pre-signed Bitcoin transactions (PSBTs). The concept is simple: some users list pictures on a marketplace by crafting a transaction with the details and the price they would like to sell…

Philadelphia FED President Patrick Harker said today that the US Federal Reserve may cut its benchmark interest rate once this year if its economic forecasts come true as expected. At an event hosted by the regional central bank in Philadelphia, Harker outlined his baseline scenario of slowing but above-trend economic growth, a modest increase in the unemployment rate and a “long float” for inflation toward the target. “If all this happens as predicted, I think a rate cut by the end of the year would be appropriate,” Harker said. The FED kept interest rates unchanged at 5.25-5.50% at last week’s…

Renowned short-selling agency Citron Research has praised the original meme cryptocurrency, Dogecoin (DOGE), while it announced that it will no longer short GameStop (GME). The agency sends a newsletter to its customers, in which it informs them about companies that it believes to be overvalued or noticed to be engaged in fraud, scams, etc. It also strives to identify frauds on financial markets and seeks to expose terminal business models. Citron Research glorifies DOGE, sides with GameStop The tweet by the agency quoted by Chinese cryptocurrency blogger and journalist Colin Wu says that Citron Research is not short GME any…

The Pyth Network, a real-time market data platform, has launched its Pull Oracle on Solana (SOL), according to the most recent updates shared with Finbold on June 17. The launch marks a significant advancement for developers on the Solana mainnet-beta, as they can now access Pyth’s oracle prices by requesting updates from the Pythnet appchain. While the Pyth push oracle will remain operational on Solana until June 30, 2024, the new pull oracle is poised to enhance reliability during periods of congestion and expand the number of available price feeds. Overcoming the limitations of the Push Oracle The initial version…

A crypto strategist who accurately predicted the current Bitcoin downtrend has shown where the price is headed from here. If the analyst’s prediction is anything to go by, then the decline in the crypto market may only just be in its beginning stages. Bearish Indicators Pile Up For A Bitcoin Crash Earlier this week, when the crypto market was still euphoric with the Bitcoin climb above $70,000, crypto analyst Xanrox was one of the few who called a possible decline in price. The analyst took to the TradingView website to share this analysis, where he showed that indicators point to…

Key Points: Pendle Finance has surged to manage $6.4 billion in assets through innovative strategies like splitting yield-generating crypto assets into two tokens. Pendle Finance market strategies have attracted traders with incentives beyond traditional token distributions. Despite criticism over market speculation risks, Pendle aims to expand by integrating traditional fixed-income assets. Pendle Finance, a decentralized finance (DeFi) project, has leveraged innovative market strategies to attract significant attention and assets. Read more: Pendle Review: New Potential In The Swap Market With Impressive Yields Pendle Finance Market Strategies Gain Momentum via Innovative Approach Launched in 2020, Pendle initially struggled with a total…

The Banco Central do Brasil (BCB) has thrown its hat into the digital ring, chasing a dream that many central banks worldwide are flirting with. They’re in bed with tech giants and payment moguls, dancing on the edge of the future. But, like a late-night samba that turns into a full-blown carnaval, things are never as straightforward as they seem. Brazil’s foray into the digital currency landscape is emblematic of a broader global trend. Central banks worldwide are exploring CBDCs to modernize financial systems, enhance transaction efficiencies, and promote financial inclusion. Brazil’s central bank is making notable strides with its…