Author: NBTC

Yen, the third-most traded fiat currency in foreign exchange markets, has fallen flat against Bitcoin. The Japanese yen crashed to a 34-year low as authorities struggled to stem hyperinflation in the economy. According to Bloomberg, Japan’s sovereign fiat money suffers mainly due to a difference between local interest rates and U.S. Federal Reserve rates. While the Japanese government navigates this conundrum, Bitcoin (BTC) has outstaged the yen in direct monetary value. On April 25, Google Finance showed that one Japanese yen equaled zero BTC. Japanese yen against BTC chart | Source: Google Finance In February, BTC rallied against several fiat…

The Argentine Chamber of Deputies passed a series of cryptocurrency tax opportunities for citizens holding undeclared assets in foreign countries as part of reintroducing the “Omnibus law.” The bill, which was dropped in February, has now been reintroduced and approved by the lower house and is expected to be discussed by the Senate in the coming days. Omnibus Law Reintroduces Opportunity for Argentine Citizens to Legalize Cryptocurrency Held Abroad Argentina might present a new opportunity for citizens to regularize previously undeclared cryptocurrency and other assets abroad. The Argentine Chamber of Deputies recently passed the so-called “Omnibus law,” which seeks to…

New data shared on CryptoQuant notes a substantial increase in unrealized Bitcoin ($BTC) profits for long-term players in the cryptocurrency market. Long-term “whales,” who manage to accumulate large positions in a particular crypto for an extended period, have seen huge profits, which might impact market sentiment the day they opt to withdraw them and cash out. Unrealized Whales’ Profits“Highlights a significant rise in long-term whales’s unrealized profits, suggesting they’re holding onto their positions and could impact the market if they start taking profits.” – By @Woo_Minkyu Full post 👇https://t.co/UspANdO97Z — CryptoQuant.com (@cryptoquant_com) April 25, 2024 Unrealized Profits of Long-Term Whales…

In an exciting announcement, the Dogecoin Foundation has released the Dogecoin GigaWallet v1.0. GigaWallet is a backend service that offers a simple integration API for sites like online stores, exchanges and social media platforms to transact Dogecoin programmatically. The purpose of the GigaWallet is to promote the rapid uptake of Dogecoin as a payment option, removing the complexity and risk associated with integrating Dogecoin payments into businesses. Dogecoin GigaWallet v1.0 has been releasedThank you to the early adopters already building great solutions on Dogecoin 🔥”GigaWallet is a backend service which provides a convenient integration API for platforms such as online…

Scott Melker, also known as the “Wolf of All Streets,” has cautioned that the same attacks on cryptocurrencies by the U.S. government “would eventually come for bitcoin, regardless of it being a commodity.” His warning followed recent regulatory actions by various government agencies, including the Department of Justice (DOJ), the Federal Bureau of Investigation (FBI), and the Securities and Exchange Commission (SEC). US Government ‘Would Eventually’ Attack Bitcoin Scott Melker, also known as the “Wolf of All Streets,” shared his concerns regarding the U.S. government coming after bitcoin in a post on social media platform X Thursday. His warning followed…

Loaf Pet: Solana-based NFT offering immersive gaming and social networking integration. BAYC: Exclusive Ape NFTs granting access to a prestigious community and events. Doodles: Next-gen entertainment crafting narratives and experiences around NFT collectibles. The digital era witnesses a seismic surge in NFT (Non-Fungible tokens) projects, promising novel paradigms in virtual asset valuation. 2024 looms as a pivotal juncture for NFT initiatives, with five standout projects poised for prominence. 1. Loaf Pet: Gaming’s New Frontier At the forefront of anticipation lies Loaf Pet, an integral component of the Loaf Cat gaming universe flourishing on the Solana blockchain. Players eager to immerse…

Ripple CEO Brad Garlinghouse throws his weight behind Ethereum as the SEC intensifies its probe to determine whether certain ETH transactions qualify as securities. Garlinghouse’s support comes after MicroStrategy CEO Michael Saylor characterized ETH as unregistered securities. As reported earlier, Saylor stated that ETH, XRP, Solana (SOL), Binance Coin (BNB), and Cardano (ADA) constitute unregistered securities. According to Saylor, these assets will never have their spot exchange-traded funds (ETFs). Ripple CEO Says ETH and XRP Aren’t Securities However, Garlinghouse has a contrary opinion. Speaking in his fireside chat with Arrington Capital founder and partner Michael Arrington at the XRP Las…

Grayscale Bitcoin Trust (GBTC) has broken a major record, one that establishes it as an unusually underperforming global Exchange Traded Fund (ETF) product. According to Bloomberg Senior ETF Analyst Eric Balchunas, GBTC has maintained its 72-day outflow spree. Since spot Bitcoin ETFs were greenlighted in the United States in January, the product has consistently seen investors pulling funds out, but to varying degrees. Balchunas, who has been tracking the trend thus far, noted that no other known ETF in the industry has this kind of record, a statement that has triggered a reaction from the community. Yes, $GBTC is on…

A ceremonial and grand welcome to VeChain powered clothing collection and W3AS collection is a mix of upscale garments and non-fungible tokens. VeChain is a pioneering revolt in the fashion industry by engaging with its customers in a stylish way. The W3AS Collection uniquely blends splendid Italian craftsmanship and Non-Fungible Tokens. Owners of upmarket garments will be properly rewarded with Non-Fungible Tokens, offering digital ownership of physical goods. The W3AS collection is where Italian craftsmanship embraces the powerful features of Non Fungible Token. It features a few collections of jackets, skillfully designed in Italy, power-packed with WoV Labs smart tags…

Increased activity in the ongoing case between the U.S. Securities and Exchange Commission (SEC) and Ripple triggered investors’ interest in XRP this week. The embattled altcoin experienced notable volatility, returning consecutive profits for three days. TradingView data shows that on Friday alone, XRP gained 4.52% by moving from a daily low of $0.51459 to a high of $0.53683. Friday’s XRP price movement rounded up a busy week for the altcoin following a series of events between the SEC and Ripple. Both parties involved themselves in motions and countermotions, arguing over the ongoing case and seeking the court to rule in…