Author: NBTC

A JPMorgan report reveals that JPM Coin has processed billions of dollars seamlessly with Ant International, the global arm of Ant Group, which owns and operates Alipay. The report emphasizes plans for client-hosted blockchain nodes, currently controlled by JPMorgan, to increase decentralization and direct client connectivity. JPMorgan Explores Programmable Banking and Payments With JPM Coin Global investment bank JPMorgan has published a report titled “Application of Programmability to Commercial Banking and Payments,” created in collaboration with the Massachusetts Institute of Technology Digital Currency Initiative and Onyx Coin Systems at J.P. Morgan. The report explores the use of programmability in commercial…

Following the publication of the cryptocurrency law in the Official Gazette, the most important statements came from Binance Global and Binance TR. “Dear Binance TR Users, We closely follow the regulations regarding crypto assets in Turkey. We fully understand the importance of cooperating with regulators to ensure a harmonious environment for all users. We are aware of how important it is to establish a legal framework for this industry for the protection and development of the ecosystem and we support the regulations. While we, as Binance TR, undertake to fully comply with all requirements of legal regulations, we would also…

CleanSpark capped a busy June with an uptick in mined Bitcoin and a 2x increase in hashrate compared to December. According to a Tuesday press statement, CleanSpark mined 445 Bitcoin (BTC) in June after adding five new mining facilities in Georgia. The mining startup also surpassed its 20 EH/s operational hashrate target set for mid-year. “We continue to maximize efficiency at our existing sites and look forward to the opportunities ahead of us in Wyoming and Tennessee,” said CEO Zach Bradford. CleanSpark’s mining numbers for last month indicate strength from the company after the Bitcoin halving event in April. A…

MicroStrategy co-founder Michael Saylor has taken to the X social media network to celebrate the cryptocurrency industry’s recent Senate win. “Wall Street wants Bitcoin, the House of Representatives wants Bitcoin, and now the Senate wants Bitcoin,” he posted on the X social media network. Earlier this Thursday, the Senate voted 60 to 38 to kill the controversial “SAB 121” bulletin introduced by the Securities and Exchange Commission (SEC). Senate Majority Leader Chuck Schumer (D-New York) as well as several Democrats joined the Republicans to shoot down the SEC guidance. The Digital Chamber, the leading blockchain trade association, was “thrilled” to…

Sentiment among venture capital investors for crypto this year continues to improve, with a potential resurgence forecast for the coming months. That’s despite an ongoing breakdown in the relationship between Bitcoin’s price and capital invested in crypto startups for Q2, 2024, Galaxy Digital said in its latest analysis on Tuesday. Compiling data from Pitchbook on Monday, Galaxy took stock of deals conducted in the last three months, which found quarter-over-quarter capital investment rose by 28% to $3.19 billion. While the total deal count dropped by roughly 4% from the previous quarter, median valuations of startups before they received new funding…

In a recent statement, Vitalik Buterin, co-founder of Ethereum, expressed his dissatisfaction with the growing trend of celebrity tokens. He emphasized that these tokens often lack substance and fail to contribute to meaningful causes. Buterin recalled his earlier ideas on using tokens to fund important public projects, such as cancer research or environmental conservation. He continues to highlight the potential for cryptocurrencies to serve the public good. Celebrity Tokens Need More Than Fame to Succeed Buterin recently took to X (Twitter) to express his thoughts on the recent trend of celebrity token launches. He voiced his disappointment, criticizing the superficial…

Kraken is considering using nuclear energy as a power source for its data centers. The crypto exchange is looking to partner with energy providers that can supply small modular reactors. The company is exploring nuclear power options in North America and Europe. Kraken is considering using nuclear energy to power its data centers, amidst an expected boom in decentralized finance (DeFi) and increased demand for its services, the company’s chief technical officer, Vishnu Patankar, said in an exclusive interview with CoinDesk. Kraken is not looking to build its own reactors, but is considering partnering with energy providers that can supply…

CleanSpark mined 445 Bitcoin (BTC) in June and grew its hash rate above 20 EH/s on the back of its recent expansion in Georgia. The mining firm’s June performance results, published On July 2, also described an average daily output of 14.83 BTC and a one-day high of 22.41 BTC. The company mined 3,614 BTC in 2024 to date. It held 6,591 BTC as of June 30 and sold 8.06 BTC in June for $67,514. Georgia expansion CleanSpark recorded an average daily hash rate of 17.85 EH/s during June, and its current hash rate is 20.4 EH/s — surpassing its…

One widely followed crypto analyst says Bitcoin’s latest rally is turning an old BTC resistance into new support. Pseudonymous crypto trader Rekt Capital tells his 468,200 followers on the social media platform X that BTC’s 2% leap in the last 24 hours could be the end of a downtrend. “BTC is breaking its Daily Downtrend” Source: Rekt Capital/X According to the analyst, the $60,000 price zone was acting as a barrier to BTC. However, Rekt Capital now believes that the barrier has now been flipped to a foundation. “Bitcoin has successfully turned the old major resistance into a new major…

Eurozone inflation cooled slightly in June, but the European Central Bank (ECB) is expected to maintain its cautious stance on interest rate cuts due to rising service prices. Consumer prices rose 2.5% year-on-year in June, down from 2.6% in May, according to the European Union’s statistics agency. Core prices, excluding energy and food, increased by 2.9%, matching May’s figures and exceeding economists’ expectations. Despite easing inflation in Germany, France, and Spain, service prices, including restaurants, holidays, and healthcare, remained 4.1% higher than a year ago. ECB policymakers are concerned that these increases are driven by wage hikes, which may persist…