Kategorie: Crypto News

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NEXT BASKET Announces NEBA Token, Powering its Web3 E-commerce Ecosystem


NEXT BASKET is a software platform for building online stores based on artificial intelligence. Sales are currently taking place on 4 continents.

The company has already released for private sales its NEBA token with a price of $0.04, with a planned public launch price $0.20.

NEXT BASKET, with the help of sales revenue from its NEBA Token, lays the foundation for the world’s first decentralized online stores and marketplace platforms. Decentralization in e-commerce, achieved through blockchain technology, eliminates intermediaries and offers numerous advantages.

Utilities of NEBA Token

NEBA Token is the foundation of the online store loyalty program built on the NEXT BASKET platform that incentivizes customers and merchants. End customers of online stores receive bonuses in NEBA Tokens for every purchase.

Bonuses are added directly to their crypto wallets, and merchants who own online stores must purchase tokens to fund these bonuses. In return, they receive free access to the NEXT BASKET platform, creating a sustainable growth and value model, as well as a steadily increasing NEBA Token price.

What and why?

Where are we now: The current online models in the Web2 universe have already run out of options for their development, despite the advent of AI.
Where do we want to go: The only way to qualitatively change e-commerce is to enter the Web3 environment, leveraging blockchain for decentralized operations.

Why decentralized Web3 e-commerce?

More revenue: Blockchain-enabled decentralization eliminates middlemen, allowing merchants to retain more of the profits.
More secure: Blockchain technology ensures transparency and protection against hacking attacks for both online stores and customer accounts.
Cheaper: Transaction and logistics costs are reduced through blockchain-driven efficiencies.
Faster: Streamlined blockchain processes enable faster delivery and better service.

How is this project different from anything else?

Innovation: The world’s first decentralized Web3 online stores and marketplace platforms.
Real business: NEXT BASKET is a proven and growing business, already established on a global level.
Technological basis: The combination of blockchain and artificial intelligence provides unique advantages for merchants and customers.

Why invest in NEBA Token?

Opportunity for big profit: The price of NEBA Token is expected to reach $3.50 in the first year. You create the future: You participate in building the foundations of Web3 online commerce

How are your interests protected?

Guaranteed rising price: The need for the continuous purchase of tokens by online store owners guarantees the constant increase of the price of NEBA Token on crypto exchanges.
Liquidity provided: About half of the proceeds are dedicated to providing liquidity and maintaining the price of the NEBA Token.

Unique Tokenomics

Tokenomics set up as a balance sheet: See the world’s first Tokenomics made with both token and fiat money revenues and expenses aligned.
Traceability and clarity: The tokenomics clearly show every token and every dollar and their purposes.

Financial part

NEBA Token is issuing 1 billion tokens and plans to acquire $30 million from sales.
The majority of this amount is used for marketing and for the development of the NEXT BASKET ecosystem.

Join the future

NEBA Token is not just a cryptocurrency but part of a real and proven business that is changing e-commerce. Take the opportunity to invest in this project now

The private sale has already started – secure your place in the future of Web3 eCommerce. Visit the company website for more info.

The post NEXT BASKET Announces NEBA Token, Powering its Web3 E-commerce Ecosystem appeared first on CoinJournal.

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US Treasury secretary nominee sees “no reason” for CBDC

  • Scott Bessent believes a CBDC is only for countries that have no other investment alternatives
  • He adds that many countries are only issuing CBDCs “out of necessity”

Scott Bessent, President-elect Donald Trump’s pick for US Treasury Secretary, has said he sees “no reason” for the US to have a central bank digital currency (CBDC).

Bessent was speaking during his nomination hearing in front of the Senate Finance Committee on January 16. The hedge fund manager was responding to questions from Republican Senator Marsha Blackburn about how he would approach discussions regarding a US CBDC.

Answering, Bessent said: “I see no reason for the US to have a central bank digital currency. In my mind, a central bank digital currency is for countries that have no other investment alternatives,” adding that “many of these countries are doing it out of necessity, whereas the US, if you hold US dollars, you can hold a variety of very secure assets.”

Exploring CBDCs

Many countries are already exploring the potential of CBDCs. For instance, in 2022, Brazil’s central bank announced it was launching its CBDC, Drex at the end of 2024.

In August 2023, Russia rolled out the first CBDC pilot, involving 13 banks. A report, at the time, noted that the country’s CBDC would begin to be operational in 2025.

To date, only three countries have launched CBDCs: the Bahamas, Jamaica, and Nigeria.

The US, however, has been hesitant to issue its digital currency. Yet, even though research has gone into the viability of one in the US, Jerome Powell, chair of the US Federal Reserve, stated in 2021 that the department wasn’t planning on launching a CBDC anytime soon.

Powell added that it would be “years rather than months” for the US to develop a digital currency and that they would look at it “very, very carefully.”

Despite this, President Biden signed an executive order, in 2022, actively calling for policies on Bitcoin and other cryptocurrencies, and urgent action in researching and developing a CBDC in the US.

The post US Treasury secretary nominee sees “no reason” for CBDC appeared first on CoinJournal.

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Switzerland’s PostFinance AG bank introduces Ethereum staking

  • PostFinance AG launches Ethereum staking, expanding its crypto service offerings.
  • The move aligns with rising global crypto adoption and Switzerland’s crypto-friendly stance.
  • The US political shift under Trump is expected to boost crypto market stability and growth.

In a pioneering move that underscores the growing integration of cryptocurrencies into traditional banking, Switzerland’s state-owned PostFinance AG has launched Ethereum staking services.

This move comes at a time when the global financial landscape is witnessing a significant embrace of digital assets, particularly with expectations of a transformative year for cryptocurrencies in 2025.

PostFinance AG’s forays into crypto

PostFinance AG, already known for its progressive steps in the crypto sector, has taken its commitment a step further by allowing its clients to stake Ethereum, thereby participating in the validation of transactions on the Ethereum blockchain and earning additional tokens.

The Ethereum staking initiative reflects the bank’s strategy to expand its cryptocurrency services, building on its introduction of crypto trading and custody services in the previous year.

By offering staking, PostFinance is not only catering to the growing demand from investors looking for passive income through digital assets but is also setting a precedent for how traditional banking can coexist with the decentralized ethos of blockchain technology.

Leveraging the political shift in the US

This move by PostFinance is particularly timely. With the recent political shifts in the United States, where President-elect Donald Trump is set to begin his second nonconsecutive term, there’s a palpable optimism around regulatory changes that could further legitimize and stabilize the crypto market.

Trump, heralded as the first truly pro-crypto president, is expected to influence a more favourable environment for digital currencies, both domestically and internationally.

Moreover, the enthusiasm for cryptocurrencies within Switzerland itself seems to be on an upward trajectory. This is evidenced by recent proposals suggesting that the Swiss National Bank should consider purchasing and holding Bitcoin as part of its strategic reserves.

Such a policy, if implemented, would mark another significant milestone in the acceptance of cryptocurrencies by state institutions, potentially catalyzing further adoption across Europe.

The introduction of staking by PostFinance AG is also a clear indicator of the bank’s vision for the future of finance. By integrating blockchain technology into its operations, PostFinance is not only providing its customers with new investment opportunities but is also preparing for a future where digital assets might play a more central role in the global economy.

The bank’s announcement also hinted at plans to introduce staking for other tokens soon, suggesting a broader strategy to solidify its position in the crypto space.

The post Switzerland’s PostFinance AG bank introduces Ethereum staking appeared first on CoinJournal.

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Nasdaq files 19b-4 form for ‘Canary Litecoin ETF’ SEC approval

  • Nasdaq has filed a 19b-4 form for the proposed Canary Litecoin ETF.
  • The SEC recently asked Canary Capital to amend the S-1 form of the proposed Litecoin ETF.
  • The initial filing for the Canary Litecoin ETF was made in October 2024.

Nasdaq has taken a pivotal step by filing a 19b-4 form for the proposed ‘Canary Litecoin ETF,’ signaling the start of the US Securities and Exchange Commission (SEC) review process.

This filing comes just after Canary Capital amended its S-1 form, completing the necessary duo of documents required for the SEC’s consideration.

The 19b-4 form, submitted on Wednesday, outlines that US Bancorp Fund Services, LLC will act as the administrator for the ETF, with US Bank N.A. tasked with managing the fund’s cash assets. The custody of the actual Litecoin for the ETF will be handled by Coinbase Custody Trust Company LLC.

Canary Litecoin ETF is part of the growing list of proposed crypto ETFs

This move by Nasdaq and Canary Capital is part of a broader trend where multiple firms are pushing for spot ETFs based on various cryptocurrencies, including Solana and XRP, amidst speculation that the incoming Trump administration could be more favourable towards crypto regulations.

The SEC has previously given the green light to Bitcoin ETFs in January 2024 and Ethereum ETFs later that year, paving the way for other crypto-based financial products.

Bloomberg Senior ETF Analyst Eric Balchunas has expressed optimism about the Litecoin ETF’s prospects, stating on X that feedback from the SEC on the S-1 form bodes well for approval. However, he also noted that the imminent change in SEC leadership could introduce significant variables.

Gary Gensler’s tenure as SEC Chair concluded on Monday, and President-elect Donald Trump has nominated Paul Atkins, a former SEC commissioner known for his crypto-friendly views, to take over. The confirmation hearing for Atkins might occur in March, potentially influencing the regulatory climate for cryptocurrencies.

Canary Capital’s initial filing for the Litecoin ETF occurred in October 2024, marking the beginning of this regulatory journey.

With the 19b-4 and S-1 forms now in place, the focus shifts to the SEC, where the process will unfold over the coming months. This filing is a critical milestone in potentially bringing Litecoin to mainstream investors through a regulated financial product, highlighting the growing intersection between traditional finance and the digital asset space.

The post Nasdaq files 19b-4 form for ‘Canary Litecoin ETF’ SEC approval appeared first on CoinJournal.

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Coinbase introduces USD Coin (USDC) loans using Bitcoin as collateral

  • Coinbase has introduced USDC loans with Bitcoin as collateral.
  • The loans are available for US customers.
  • The loans have no fixed repayment and they auto-adjust based on the activities on Base.

In a move to expand its decentralized finance (DeFi) offerings, Coinbase has introduced a novel service allowing its US customers (excluding those in New York) to borrow USD Coin (USDC) by leveraging their Bitcoin (BTC) as collateral.

This innovative feature, announced in a recent update, aims to provide users with quick and flexible access to funds without the necessity of selling their Bitcoin.

The process leverages Coinbase’s cbBTC stablecoin

Users pledge their Bitcoin (BTC), which is then converted into cbBTC, a wrapped version of Bitcoin specifically designed by Coinbase for use in DeFi applications. This conversion enables Bitcoin, which typically operates outside the DeFi ecosystem due to its technical framework, to interact seamlessly with DeFi protocols.

The cbBTC is subsequently sent to Morpho, a DeFi lending protocol built on Coinbase’s Base blockchain. In return, borrowers receive USDC, a stablecoin pegged to the US dollar, which they can utilize for various purposes such as covering expenses, international transfers, or conversion into US dollars.

The interest rates on these loans are dynamically adjusted based on market activities on the Base blockchain, reflecting Coinbase’s commitment to aligning DeFi with user needs.

Notably, this loan service comes at a time when the crypto lending sector has been under scrutiny following the high-profile bankruptcies of entities like Celsius and BlockFi in 2022, which significantly dented trust in crypto lending.

By integrating with Morpho, Coinbase is stepping in as a middleman to potentially restore some confidence, offering a transparent, smart contract-based lending experience.

No fixed repayment timelines

What sets this service apart is the absence of fixed repayment schedules. Borrowers have the liberty to repay the loan at their own pace, as long as the value of the Bitcoin collateral remains above a certain threshold relative to the loan amount.

However, should Bitcoin’s value plummet, the system is designed to automatically liquidate enough collateral to cover the loan, safeguarding the protocol’s integrity.

The advantages of such crypto-backed loans are manifold. For one, they allow users to bypass immediate capital gains taxes by borrowing against their assets rather than selling them. Moreover, these loans operate on blockchain technology, ensuring transparency and efficiency through automated processes.

The post Coinbase introduces USD Coin (USDC) loans using Bitcoin as collateral appeared first on CoinJournal.