Author: NBTC

Billionaire entrepreneur Mark Cuban recently commented on the potential impact of cryptocurrencies on the 2024 US presidential election, suggesting that former President Donald Trump may have an advantage over incumbent President Joe Biden due to his stance on crypto regulations. Cuban noted the important role of cryptocurrencies in the upcoming elections, especially in light of President Biden’s loyalty to Securities and Exchange Commission (SEC) Chairman Gary Gensler. While Cuban expressed doubt that Biden or Trump fully understand cryptocurrencies despite Trump’s NFT-related fundraising efforts, he said crypto fan votes could be a crucial factor differentiating the candidates. “I have said many…

Coindisco, a trailblazing crypto payments marketplace, has unveiled a strategic partnership with MoonPay, the foremost Web3 infrastructure company, providing seamless, secure, and efficient solutions.—MoonPay is globally renowned for its Web3 payment services, supporting over 50 digital currencies and boasting more than 20 million verified accounts across 180 countries. By integrating MoonPay’s comprehensive suite of payment solutions, Coindisco enhances its platform, offering users a broader range of payment options and facilitating easier access to Web3.Coindisco’s Key AdvantagesSaved Payment Methods: Users can save their preferred payment methods for faster transactions, enhancing convenience and the overall user experience.Curated Insights: Personalized insights are provided…

The Bitcoin (BTC) price briefly reclaimed the $70,000 level following the release of the latest US macro data. This came after business activity in the US manufacturing sector unexpectedly slowed down in May. The ISM Manufacturing PMI experienced a decline to 48.7 compared to 49.2 that was recorded during the previous month. According to analyst Matt Weller, this could be another sign that the US economy could be experiencing downshifting in the second quarter. The drop in the #ISM manufacturing index in May adds to the sense that the economy is losing momentum .. driven by the new orders index…

In a curveball move, PleasrDAO, a crypto collective that collects objects of cultural relevance, announced on Thursday that it will soon begin selling encrypted, on-chain copies of “Once Upon a Time in Shaolin,” the one-of-a-kind Wu-Tang Clan record that PleasrDAO acquired in 2021 for $4 million. The encrypted album will be made available today via a dedicated website for $1, according to a press release shared with Decrypt. The NFTs will live on Base, the rising Ethereum layer-2 scaling network from Coinbase, and their distribution will be handled by PleasrDAO in collaboration with Privy, Crossmint, and Holograph. Thanks to the…

Cryptocurrencies dipped Tuesday while US equities posted mixed returns midway through Tuesday’s session as investors awaited inflation data and an update from the Federal Reserve. Bitcoin and ether were each trading around 4% lower over 24 hours at time of publication, according to Coinbase. Bitcoin hovered around $66,900 after briefly breaching the $70,000 level Monday. The S&P 500 and Nasdaq Composite indexes were mostly flat, losing 0.2% and gaining 0.15%, respectively, at time of publication. Federal Open Market Committee members gathered Tuesday morning for the first day of their two-day policy setting meeting. Central bankers are expected to release their…

Cables Finance launched on the Stellar mainnet recently, becoming the first decentralized exchange on Soroban, Stellar’s scalable smart contracts platform. Cables offers a semi-decentralized approach, combining centralized liquidity with the autonomy of self-custody, offering the best of both worlds. The Stellar ecosystem continues to grow, and the latest addition is Cables Finance, an innovative decentralized exchange (DEX) that combines the best of both worlds to offer a unique trading platform for users. Cables Finance integrated into the Stellar network last week, becoming the first DEX to launch on Soroban, Stellar’s developer-friendly smart contracts platform. As Crypto News Flash reported, Soroban…

Blockchain intel firm TRM Labs says China-based precursor manufacturers received over $26 million in crypto in 2023, with around 60% of payments were made in Bitcoin. Cryptocurrency appears to be becoming a more preferred payment method for Chinese drug manufacturers as the amount of crypto deposited into wallets linked to these entities soared sixfold from 2022 to 2023, according to TRM Labs, a blockchain intel firm backed by JPMorgan Chase, Visa, Citi, and PayPal among others. In a recent research report shared with crypto.news, analysts at TRM Labs revealed that deposits into addresses linked to Chinese drug producers more than…

Binance co-founder He Yi revealed the exchange’s strategy to address “zombie coins” and maintain competitiveness during a recent Twitter Space hosted by Binance Chinese. https://t.co/G5f4ABjXGB — 币安Binance华语｜Web3钱包已上线 (@binancezh) June 13, 2024 With aims to reach 1 billion users, Binance has recently quadrupled its user base to 200 million in the last two years, and this news coincides with ongoing strong user growth. Yi discussed how Binance regularly evaluates every cryptocurrency listed on its platform, focusing on liquidity, development stage, and any negative information. Despite meeting these requirements, cryptocurrencies receive monitoring labels. This methodical approach ensures that only strong and dependable…

Death and taxes and 21 million Bitcoin. That is what we know to be certain. The rest is conjecture. Today I wanted to share my big bets on the next halving. I am sure I will cringe in 4 years at some of these “prophecies” but some of them will come true. I don’t have a ton of data to back up these predictions, some are gut feelings, others are random. All I know is that the future is weird. 3 Zeta Hash Mining Based on my experience mining during the previous cycle, I learned a valuable lesson in trying…

Several South Korean retail giants, including Lotte and Hyundai, are exiting the non-fungible token (NFT) sector, marking a significant shift in their digital strategy. The companies’ move follows a notable slowdown in the NFT market, prompting them to refocus their plans on their core business competencies. According to a local South Korean news outlet, Lotte Home Shopping, the e-commerce arm of retail giant Lotte, announced it would end operations for its NFT shop platform. Lotte launched its NFT services over the platform in May 2022. However, after just two years, the firm revealed on June 12 that it would shutter…