Author: NBTC

Alan Blinder, a former Vice Chairman of the FED and currently a professor at Princeton University, shared his views on the FED’s monetary policy direction for 2024 in a recent interview. Blinder argued that the FED maintains its tendency to reduce interest rates and that interest rates may be reduced twice this year. Blinder dismissed the idea of the Fed raising interest rates as “fantasy” and said it was no longer a possibility. Evaluating the steps taken in the past, Blinder claimed that the FED was influenced by its previous hesitations about immediately increasing interest rates, which caused inflation to…

Zilliqa, under the circumstances of the current developments in blockchain technology, is about to introduce all major advancements with the release of Zilliqa 2.0 version present in its just-released whitepaper. This update marked a significant step to build a stronger, faster, and seamless blockchain ecosystem. The digital universe continues its growth, and Zilliqa 2.0 intends to make the integration of blockchain technology ubiquitous and just as easy to consume as the regular internet. Revolutionary Features of Zilliqa 2.0 Zilliqa embarks on a new era, which comes with innovative changes that solidify it as an important player in the Web3 space…

Ripple Labs claimed that the $2 billion penalty requested by the SEC was disproportionate, citing the Terraform Labs-SEC agreement as an example against the proposed heavy penalty in its ongoing legal battle with the SEC. In the Ripple case, the SEC demanded that the company pay a $2 billion fine for XRP sales to institutional investors. Stating that the penalty requested from Ripple was disproportionate and exorbitant compared to the penalty of $ 4.47 million requested from Terraform Labs, Ripple lawyers claimed that a fair penalty for Ripple should be around $ 10 million. Ripple lawyers included the following statements…

In recent weeks, Binance and Robinhood observed a modest influx of approximately 1,302 BTC or $88 million in bitcoin, with Robinhood acquiring the majority of these assets. Conversely, Coinbase experienced a noticeable decrease in its bitcoin reserves, witnessing an outflow of 40,406 BTC valued at $2.7 billion in the past two months. Coinbase, Binance, and Robinhood See Shifting Bitcoin Reserves Over 60 Days The last 60 days have seen significant fluctuations in bitcoin’s value, peaking at $72,756 on April 7 and dropping to a low of $56,500 by May 1. Currently, bitcoin’s value in U.S. dollars hovers between $67,000 and…

GameStop shares rose—then fell—in after-hours trading Thursday as Keith Gill, better known online as Roaring Kitty, flashed his holdings in the video game retailer again on Reddit. This time, however, the meme stock influencer showed holdings of an additional 5 million GameStop shares compared to his previous “YOLO update” on Monday. It appeared that Gill may have sold or exercised his much-celebrated $20 call options in GameStop, previously worth $82 million. Posting to the Reddit community Superstonk under his DeepFuckingValue account, Gill’s latest update also showed a reduction of cash on-hand. That figure fell to $6.3 million from $29 million…

Telegram-based crypto gaming sensation Hamster Kombat claimed on Friday that it now has a player base larger than the population of Russia—over 150 million players. That growth constitutes a 50% surge from just last week, when the game’s developers said they crossed the 100 million user mark. For some context, that would mean that almost one in five Telegram users have signed up for the game, which incentivizes players to grow a hamster’s imaginary crypto exchange by dangling real crypto rewards. Those rewards will come in the form of an eventual token airdrop to players who have accumulated points within…

Crypto billionaires have amassed a $160 million war chest to back US candidates favoring minimal regulation, influencing Senate races. Senators Sherrod Brown and Jon Tester are key targets due to their crypto skepticism, making them vulnerable in pro-Trump states. The crypto industry’s significant political funding reflects its evolved clout despite recent scandals, focusing on reducing SEC oversight. Crypto billionaires and their allies have accumulated a $160 million war chest to support US candidates favoring minimal regulation of the cryptocurrency industry. This substantial sum positions the crypto sector as a major force in federal campaign finance. The funds could significantly impact…

Binance head Richard Teng says the exchange is in “close touch” with its customers regarding the bankruptcy of FlowBank, which stored the exchange’s clients trading collateral. Cryptocurrency exchange Binance seems unaffected by FlowBank‘s bankruptcy, following the Swiss regulator’s announcement on Jun. 13 that the bank had “significantly and seriously breached” its minimum capital requirements. In an interview with Bloomberg, Binance chief executive Richard Teng reassured that the exchange is cooperating with its customers regarding the bankruptcy, noting that “very little” assets were held at FlowBank. “There’s very little assets on FlowBank on the tripartite arrangement front.” Richard Teng Launched in…

Bitcoin (BTC) declined by 0.70% in the past 24H, trading at $67,626. The daily RSI is at 52, indicating neutral sentiment in the market. Bitcoin (BTC), the leading cryptocurrency by market cap, hit close to its all-time high last month, fluctuating between $58,000 and $71,000. Currently trading at $67,668, BTC is struggling to break past the $68,000 mark amid a recent decline. In the past 24 hours, BTC prices have dropped by 1.05%, with trading volume down 7.69% to $23.43 billion. This bearish trend may be attributed to President Biden’s veto of Congress’s crypto custody bill, aimed at repealing SAB…

Project mBridge is one of the many exciting projects launched by the Bank for International Settlements (BIS), which announced that it had entered the Minimum Viable Product (MVP) stage. Developed by the BIS in conjunction with the central banks of China, Hong Kong, the United Arab Emirates and Thailand, Project mBridge will utilize tokenized central bank digital currencies (CBDCs) to enable cross-border atomic settlement. Now that Project mBridge is in the MVP stage, the Central Bank of Saudi Arabia has become the fifth member to join. Each central bank runs a node on the network, which runs on an Ethereum-compatible…