Author: NBTC
Despite Bitcoin’s surge past $70,000, interest among South Korean retail investors remained tepid. The kimchi premium, which measures the difference between Bitcoin’s price in South Korea and global exchanges, is low. While Bitcoin rallies globally, the Korea Premium Index has turned negative. The kimchi premium has changed in recent months, reaching a high of around 10% in March due to strong demand from Korean investors. Now, it is below 2%, showing a drop in retail interest. Korea Premium Index Signals Market Shift The Korea Premium Index, which can be positive or negative, indicates a shift in the South Korean market.…
Japanese crypto exchange Bitbank has formed its own global investment subsidiary, Bitbank Ventures. The firm will take on projects related to crypto and blockchain technology. According to Bitbank’s press release, Bitbank Ventures will focus on new and rising blockchain projects, both in Japan and overseas. Bitbank hopes that the investment subsidiary will serve as the bridge to develop and drive the Japanese crypto industry forward. Bitbank Ventures was formed on the basis of managing projects related to new technologies such as digital assets, blockchain, and artificial intelligence. Looking at the current market conditions, Bitbank views projects that blend cryptocurrency and…
Cardano (ADA) 25% Jump Sparks Excitement Among ADA Community as Retail FOMO Looms. Cardano (ADA) has emerged as one of the standout altcoins in the recent crypto market rally, surging over 25% in the past three days, according to data from Santiment. 🚀 Cardano has been one of the notable surprise altcoins taking flight during this crypto-wide pump. Now up over +25% in the past 3 days, we may be seeing some retail FOMO coming soon. This has been a long time coming for the patient ADA community. pic.twitter.com/Ph2ZFFKnIU — Santiment (@santimentfeed) November 8, 2024 This upward momentum saw Cardano…
The world’s largest exchange, Binance, has recorded $7.159 billion in inflows over the last seven days, marking the second consecutive week with over a billion in inflows this month. The exchange has a total net flow of over $5 billion in November alone. According to Binance, its massive net flow compared to other exchanges highlights its major position in the market amidst the rising surge in demand. Binance spokesperson said: “This remarkable growth underscores Binance’s position as the preferred trading platform amid surging market demand and heightened interest in digital assets.” Binance is benefitting from the rising interest in crypto…
As bitcoin’s price rises to new heights, miners are cashing in, with the value of 1 petahash per second (PH/s) of SHA256 hashrate reaching the highest peak in 152 days. Miner Earnings Rebound as Bitcoin Climbs Bitcoin miners are savoring the latest BTC price highs, with the hashprice climbing 31.63% since Nov. 5. Essentially, hashprice represents the anticipated value for one petahash per second (PH/s) of hashing power. For context, a PH/s equals one quadrillion hashes, or 1,000 terahash per second (TH/s). To reach a full petahash, you’d need about six Microbt Whatminer M60S machines, each cranking out 184 TH/s.…
Banker and financial expert Peter Schiff, a well-known critic of digital assets, took to social media to highlight that gold is trading near a record high, just shy of $2,760. However, he noted that Bitcoin (BTC) has surpassed $71,000, implying that gold’s performance may be overlooked in light of Bitcoin’s resurgence. In response, Sean Ono Lennon, son of Beatles’ icon John Lennon and Yoko Ono, expressed his support for Schiff, though with a bit of irony. While many recognize Ono Lennon primarily as a musician, he is also an enthusiastic participant in the crypto space. He has been involved in…
President-Elect Donald Trump has long been considered the more cryptocurrency-friendly option, and with the original Bitcoin (BTC) candidate, Robert F. Kennedy Jr., on his team, it hardly comes as a surprise that digital assets have rocketed since the election was called on November 6. Considering the massive inflows, one might expect Trump’s cryptocurrency portfolio to have rocketed compared to mid-October, but exactly the opposite happened. Specifically, the President-Elect’s digital assets holdings have diminished by approximately $2.35 million from their October 18 value of $7.79 million to $5.4 million at press time on November 12, per the data retrieved from Arkham…
In a recently issued tweet, the enigmatic SHIB lead known under the pseudonym Shytoshi Kusama shared a tweet published by the major crypto exchange Gemini, founded and run by the Winklevoss “crypto twins”. Kusama commented that this is an “interesting stat.” Investors under 30 embrace crypto The statistic revealed by Gemini says: “Nearly half of people under 30 are invested in crypto. What an unbelievable world awaits us.” The tweet does not reveal, though, where exactly this is happening. However, since Gemini is headquartered in New York, it is likely that the tweet meant the USA. Interesting stat: https://t.co/XyC2jEdXL4 —…
Argent Card is a next-generation crypto payment card that combines self-custody principles with an innovative user experience. Unlike traditional crypto debit cards, which often require users to deposit funds with a third-party custodian, the Argent Card offers 100% self-custody. This means that users always retain complete control over their assets, empowering them to manage and spend their crypto securely. It’s finally live! Go get your Argent Card 👇 https://t.co/r63mVVSPoJ — Starknet 🐺🐱 (@Starknet) November 12, 2024 According to Argent, it emphasizes security as one of the core strengths of its new card. With a reputation as a leader in crypto…
All eyes are now on Bitcoin (BTC) as it gets closer to its all-time high (ATH). The trading activity is intensifying as bulls are now controlling the narrative with bears in no sight. Crypto market analysts are also sharing their positive Bitcoin price predictions. It appears that a new ATH can be witnessed anytime now. Next local top for Bitcoin Ali Martinez, a renowned on-chain analyst and trader, took to X (formerly Twitter) to share his insightful analysis regarding Bitcoin’s current situation and what’s coming next. He shared that the BTC price has successfully pushed past the crucial $70,500 level.…