Author: NBTC
Binance, the largest cryptocurrency platform, has announced Binance PayDay, a promotional event meant to encourage crypto usage during the holiday shopping season, as reported to Finbold on Thursday, November 28. PayDay runs from November 28 to December 12, 2024, and features $200,000 in PEPE cashback rewards. Binance PayDay promotions The initiative features two promotions designed to encourage crypto purchases. In the first promotion (also called Promotion A), available to the first 19,480 qualifying users, those who spend at least $20 during a single transaction with participating merchants can earn $10 in PEPE tokens. On the other hand, the second promotion…
Gold has made another all-time high, climbing through $2,700 per ounce, as has the S&P 500, which rose above 5,870 on Thursday. While bitcoin is up 15% from the October low and appears set to rechallenge the $70,000 level, it remains about 8% below its record high recorded seven months ago. A fresh weakening trend in the Japanese yen bodes well for risk assets going forward. Bitcoin’s (BTC) 8% rally this week has, outperformed gold and the S&P 500, but the cryptocurrency is still below its all-time high, while the yellow metal and benchmark U.S. stock index each climbed to…
GNON, one of the cult status AI-inspired tokens, has erased 95% of its value. Instead of a true belief project, even one of the founders liquidated GNON. Numogram (GNON) had a 95% drawdown, despite its positioning as a ‘neo religion’ token. GNON joined the AI-inspired family of tokens, similar to Token Terminal’s tickers. However, GNON also saw promotion from crypto influencers, further inflating its influence. GNON peaked near $0.20 a little more than a week ago, during a peak in AI-themed activity and true believer hype. Within just days, GNON was back to $0.008, erasing more than 95% of its…
Howard Lutnick, the chairman of Cantor Fitzgerald, is set to step down from his role following his nomination as U.S. Commerce Secretary by President-elect Donald Trump. Lutnick announced his decision to leave Cantor Fitzgerald, BGC Partners, and Newmark after Senate confirmation. He also plans to divest his interests in these firms to comply with federal ethics rules. The resignation coincides with disclosures about Lutnick looking to transfer responsibilities to his son, Brandon Lutnick, particularly regarding a major $2 billion lending initiative. A crypto.news report confirmed that this program looks to provide dollar loans to clients using Bitcoin as collateral. Notably,…
Ubisoft has recently announced its latest venture into the realm of video games with the release of “Champions Tactics: Grimoria Chronicles,” a strategic turn-based tactical RPG that offers a deep dive into a dark fantasy world filled with magical combat and epic confrontations. This new title promises to engage players with its sophisticated gameplay and intricate world-building. Discover @ChampionsVerse from @Ubisoft through some gameplay!Champions Tactics: Grimoria Chronicles is a strategic turn-based tactical RPG that immerses players in a dark fantasy world of magical combat and epic confrontations.Set in the mystical realm of Grimoria, players… pic.twitter.com/qPvWzUhzSO — Yield Guild Games (@YieldGuild)…
Centralized crypto exchange Bybit, the world’s second-largest crypto platform by trading volume, is celebrating six transformative years with a large scale event dubbed Super6Bybit. Bybit’s bbSOL token, the first-ever liquid staking cryptocurrency backed by the exchange, is at the center of celebrations. Bybit celebrates sixth anniversary, #Super6Bybit campaign kicks off Tier-1 crypto exchange Bybit inches closer to its sixth anniversary of mainnet operations. Super6Bybit, a massive community-centric campaign, invites all crypto enthusiast to take part in the celebrations and share a $1.2 million reward pool. 🔥 Win a space trip ticket, be part of the $1,200,000 prize pool and more!✅…
Interoperability is becoming increasingly significant in the expanding metaverse space. The previous generation of web3 and metaverse games suffered extensively due to the lack of cross-platform compatibility. However, new developments in interoperability are breaking these siloes and allowing platforms to offer a more immersive experience. BeInCrypto talks to Ilman Shazhaev, Founder and CEO of Farcana, about how we engage with virtual worlds and nurture the next stage of digital evolution. Breaking Siloed Gaming Ecosystems Lack of true ownership has been a persistent issue in traditional gaming. Players spend countless hours and precious dollars building characters and assets, only to have…
Bitcoin’s price is located in a key area at the moment and is one bullish breakout away from rallying toward a new all-time high. Bitcoin Price Analysis By Edris Derakhshi (TradingRage) The Daily Chart On the daily chart, the price has been rallying consistently over the past few days, following its rebound from $60K. With BTC also being above the 200-day moving average, which is located around the $64K level, the market can be considered bullish once again. Therefore, it might only be a matter of time before BTC breaks above the $69K resistance level and climbs its way toward…
XRP holders are among the most ambitious crypto investors, with many anticipating beyond triple-digit values for the asset someday. Notably, XRP is worth just $0.5100 today and has been trading below $1 for over 42 months. It last reached an all-time high six and a half years ago. Yet, ambitious XRP holders are targeting not only the double-digit range beyond $10 or triple-digit values beyond $100 but also $1,000. Interestingly, one analyst has even called $1,000 “peanuts” compared to what he believes will be the true height for XRP. The Exchange Discussing XRP at $1,000 Remarkably, the U.S.-based exchange Uphold…
The Bank of Russia’s report highlights the potential benefits of tokenizing real-world assets but also emphasizes the need for a clear regulatory framework. Expanding the Value of Traditional Assets While tokenization has the potential to increase liquidity for real-world assets, among other benefits, a Bank of Russia report notes that Moscow’s legal framework for tokenization is still under development, limiting its full potential. Additionally, the report highlights the uncertainty surrounding the tax implications of tokenization, which could deter investors and issuers. The Russian central bank’s report on tokenizing real-world assets comes as more countries explore the potential to expand the…