Author: NBTC
The global cryptocurrency market cap currently stands at an astonishing $2.36 trillion, with a daily trading volume of around $95 billion, according to data from CoinMarketCap. These impressive figures highlight the significant market growth and increasing acceptance of digital currencies, especially following the recent approvals of Bitcoin ETFs in the US, Canada, Germany, Brazil, Australia, and Hong Kong, as well as the approval of Ethereum ETFs by the United States Securities and Exchange Commission (SEC). With these advancements, crypto brokerage agencies and institutional investors are seeking access to superior crypto liquidity solutions. Rising to this challenge, B2Prime has expanded its…
Strategic advisor at Tether and VanEck Gabor Gurbacs has taken to the X social media platform (widely famous as Twitter in the past) to point out a critical weak point in U.S. fiat currency due to Bitcoin’s explosive increase over the past decade. Bitcoin’s 17,400% increase – “What happened to dollar?” In his tweet, the top executive pointed out that since 2014, the world’s earliest cryptocurrency has demonstrated amazing growth of 17,400% as it gradually increased from $400 to the current $70,000 level on the charts. Gurbacs believes that this not as much a question of what has occurred to…
Token unlock involves releasing tokens that were previously blocked under fundraising terms. Projects carefully schedule these releases to avoid market pressure and prevent a drop in token prices. However, factors like lack of liquidity or early investor profit-taking can significantly impact an asset’s dynamics. Here are five major token unlocks to watch next week. Aptos (APT) Unlock date: June 12 Number of tokens unlocked: 11,3 million APT Current circulating supply: 437,9 million APT Aptos is a Layer-1 blockchain that aims to deliver a safe and scalable infrastructure for decentralized applications. Built with a focus on security and performance, it leverages…
Immutable, a prominent platform for building Web3 games on Ethereum, has announced an exciting development in the realm of online gaming. Today, the platform revealed that RavenQuest, a new blockchain-based MMORPG, will be launched on its zkEVM, powered by Polygon. This launch marks a significant step in the evolution of gaming, blending traditional gaming elements with cutting-edge blockchain technology to create an immersive and engaging experience for players worldwide. RavenQuest is a new dark fantasy raiding MMORPG developed by Tavernlight Games, a game development studio based in the United States. The title has some impressive financial backing behind it as…
While Binance, the world’s largest cryptocurrency exchange, continues to list altcoins and launchpoll, investors are also investigating altcoins that have the potential to be listed on Binance. Because the prices of altcoins listed in Binance futures or spot transactions generally skyrocket and big gains are made. While altcoins achieved high gains after Binance listings, they also experienced sharp declines afterwards. At this point, according to cryptocurrency research firm HC Capital, all new tokens listed on Binance in 2024 have experienced a sharp decline from ATH. According to the list made by HC Capital, AEVO, PORTAL, STRK, SAGA and DYM fell…
The cryptocurrency market showed a significant decline last week in response to the gradual postponement of the possibility of an interest rate cut as a result of strong employment data from the USA. The decline was especially experienced on the altcoin side. In addition, a large amount of tokens are expected to be unlocked in many altcoins in the new week. Here is the token lock opening calendar we have prepared for you as Bitcoinsistemi.com. (All times are indicated in Turkish time UTC+3) Cetus Protocol (CETUS) Market Value: $29.46 million Token Unlock Amount: $2.19 million (7.44% of market cap) Date:…
Alchemy Pay, a leading gateway bridging traditional finance with the crypto economy, has significantly widened its footprint across Africa. The recent rollout of new payment channels underscores its commitment to enhancing the ease of buying cryptocurrencies using local currencies. This initiative is part of a broader strategy to integrate more African users into the global crypto landscape, utilizing familiar and accessible financial tools. 🌍Greater access to crypto in Africa! #AlchemyPay introduces new payment channels in 9 African countries, empowering users to buy cryptocurrency with their local fiat currencies through local bank transfers. Dive into our blog to learn more!👉https://t.co/9qldO3qVyc$ACH pic.twitter.com/FkME60jsay…
Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay. Vaccotti stated that large amounts of energy have been assigned through these contracts that have not been taken advantage of and are blocked for utilization. Vulture Contracts Limiting Bitcoin Mining Operations Development in Paraguay The bitcoin mining industry in Paraguay is reacting to the involvement of the National Power Administration (ANDE) in the closure of several illegal bitcoin mining farms. Bruno Vaccotti, Head of Public Affairs of Penguin,…
Charles Hoskinson, founder of Cardano, has voiced frustration over what he perceives as unfair media coverage of the blockchain network. In a recent post on X, he highlighted a disconnect between Cardano’s capabilities and its public perception. Hoskinson Laments Cardano’s Media Coverage Hoskinson pointed out that despite numerous positive developments in recent months, media outlets and crypto influencers persistently portray Cardano as a failure. He criticized this narrative, emphasizing recent ecosystem advancements, including an upcoming hard fork. Hoskinson further asserted that Cardano will continue to thrive and provide solutions. “It’s beyond pathetic and just reflects on the low quality and…
Bitcoin approaches key resistance at $70,500 and crucial support at $67,800 as analysts closely monitor market trends. Bitcoin is again garnering attention, as it approaches critical market thresholds that could dictate its short-term trajectory. As a result, market analysts are closely watching a resistance level around the $70,500 mark, which could set the stage for new highs or signal the beginning of a deeper correction. Resistance at $70,500 A recent analysis by market experts highlights the $70,500 level as a major resistance point for Bitcoin. Tara, a market analyst, shared on X that exceeding this level might prove challenging. She…