Author: NBTC
Bitcoin’s price plunged more than 30% to $62,000 on Upbit within the last hour, following South Korean President Yoon Suk Yeol’s declaration of “emergency martial law,” according to data tracked by TradingView. The sharp decline was observed in the Korean won (KRW) trading pair. Bitcoin has since recovered above $89,000 on Upbit, creating a $4,000 arbitrage gap compared to global markets. The flagship digital asset dropped from $96,000 to $93,600 on global exchanges following the announcement. “I declare martial law to protect the free Republic of Korea from the threat of North Korean communist forces, to eradicate the despicable pro-North…
Investment advisers will probably overtake hedge funds as the biggest holders of U.S.-listed spot bitcoin (BTC) exchange-traded funds (ETFs) next year, CF Benchmarks said Monday. A total of 11 spot BTC ETFs debuted in the U.S. on Jan. 11, providing a way for investors to gain exposure to the cryptocurrency without personally having to hold and store it. Since their inception, they have accumulated over $36 billion in investor funds. Demand has been dominated by hedge-fund managers, who own 45.3% of the ETFs. Investment advisers, the gatekeepers to retail and high-net-worth capital, are a distant second at 28%. That’s set…
Puppy.Fun has announced that its memecoin launchpad on Binance Smart Chain (BNB Chain) is set to go live this week. The development represents a major milestone for BabyDogeCoin as it will use a portion of the fees generated by Puppy.Fun to burn BABYDOGE tokens, a strategic move aimed at reducing the token supply and increasing scarcity. The announcement has generated significant enthusiasm among investors, leading to BABYDOGE gaining 44.03% in the last 24 hours. Puppy.Fun is expected to attract a variety of developers and traders by providing a simplified platform for introducing and exchanging memecoins on Binance Smart Chain. The…
Elon Musk reacts again to reports that the Joe Biden administration is considering convicted FTX founder Sam Bankman-Fried (SBF) for a presidential pardon. There has been a significant debate regarding the possibility of the outgoing U.S. president, Joe Biden, granting an early pardon to SBF. This comes after popular Wall Street Mav first broke the news that Biden is considering SBF for a presidential pardon. Notably, the news has gone viral, with prominent figures like Elon Musk sharing their views on the matter. As reported earlier, Musk, the founder of Tesla and a major Dogecoin proponent, commented on the matter,…
The decentralized gaming space is active today, as Panda Titan is partnering with KingdomX. This collaboration is envisioned to integrate ground-breaking and novel concepts of GameFi with engaging metaverse experiences to drive new horizons in blockchain gaming. 🐼Panda Titan Partnerships with @KingdomXGame 🎉We’re excited to announce our partnership with KingdomX! KingdomX is a strategy war game in the blockchain. Players could collect heroes, complete tasks, challenge activities, participate in the war, and establish the personal… pic.twitter.com/CLjbKIhToy — PANDA TITAN (@PandaTitan488) December 26, 2024 About Panda Titan Panda Titan is one such project in the GameFi industry that has a well-developed…
In a major development, Qitmeer Network, a decentralized network revolutionizing Web3, has announced a new partnership with OpenLoop. This partnership aims to revolutionize internet connectivity with decentralized solutions. This collaboration will enable users and boost innovation in the digital world. Qitmeer Network made this important announcement through its official X account. We’re excited to announce our partnership with @OpenLoop_so 🌐 Together, we’re transforming internet connectivity with decentralized solutions that empower users and drive innovation. 💡OpenLoop utilizes unused bandwidth to create a scalable network that rewards contributors.… pic.twitter.com/SVqfgVjOiX — Qitmeer Network (@QitmeerNetwork) December 24, 2024 New Partnership to Improve Global Internet…
Whales made a splash on the South Korean exchange Upbit, swooping in with significant amounts of Tether’s USDT stablecoin to snap up coins at discounted prices after the declaration of martial law led to a flash crash in bitcoin (BTC) and other token prices.The large traders transferred over $163 million in USDT to Upbit within an hour of President Yoon Suuk Yeol declaring emergency martial law, according to data tracked by blockchain sleuth Lookonchain. The president accused the opposition of siding with North Korea and undermining the nation’s constitutional order. USDT, the world’s leading dollar-pegged stablecoin, is commonly used for…
Cryptocurrency exchange Binance announced that its venture capital arm Binance Labs has invested in Usual, a decentralized stablecoin issuer that aims to reshape the stablecoin market with innovative and community-driven solutions. Backed by real-world assets (RWA), Usual takes a unique approach to stablecoins by redistributing value and ownership through its governance token, USUAL. Unlike traditional stablecoin issuers that operate like centralized banks, Usual emphasizes shared ownership and community empowerment. According to its own statement, the project distributes 90% of USUAL tokens to its users, fostering a decentralized and egalitarian ecosystem. “Stablecoins have long served as a gateway to onboarding new…
Mira Network’s Node Delegator Program Expands, Offering Contributors Network Rewards for Supporting AI Accuracy Improvements. Partnership Targets Significant Error Reduction in AI Applications, Enhancing Trust and Scalability in Decentralized Networks. Io.net has announced a strategic partnership with Mira Network to enhance AI accuracy and reliability by utilizing decentralized GPU computing. This collaboration integrates Mira’s advanced AI verification technology with io.net’s extensive GPU infrastructure, aiming to reduce error rates and latency, thus making AI applications more dependable and scalable. Under this partnership, Mira Network will expand its Node Delegator Program, which allows participants to contribute GPU resources to the network. This…
Russia’s central bank is set to develop a new platform that would help it crack down on illegal crypto OTC services and suspicious financial activities. The central bank of Russia is reportedly planning to create a new platform aimed at making it more difficult for shadow businesses to misuse banking services for illegal activities, including crypto-to-fiat over-the-counter platforms that bypass KYC procedures. The Bank of Russia is collaborating with the country’s financial watchdog Rosfinmonitoring, banks, and local experts to create a system that would help identify and block customers involved in illegal financial transactions, Russia’s news outlet RBC reports, citing…