Author: NBTC
The Japanese yen recently reached its lowest level against the US dollar in over thirty years, prompting urgent action from Japan’s financial authorities. Reports from the WSJ indicate that Japan intervened after the yen touched 160.17 per USD in an effort to stabilize its currency, which is the world’s third most-traded. According to sources familiar with the matter as reported by The Wall Street Journal, the U.S. dollar saw a 1% increase against the Japanese yen following what appeared to be an overnight intervention by the Bank of Japan. Prior to intervention, the USDJPY traded close to 160, but authorities…
Kwame Opoku, an African investor and global business speaker, has disclosed how he prematurely offloaded his $19 Shiba Inu holding in the last bull run to urge prudence with profit-taking in this cycle. Opoku narrated this account in a recent post on X to encourage new market participants in this cycle’s bull run to learn from his mistake. He confirmed he would have secured a profit of $108,000 from his early Shiba Inu engagement had he held on to the asset much longer. I would have made 108,000$ from $Shiba with 19$ if I Didn’t Make this Mistake – Learn…
Ronin goes against the grain when it comes to the Web3 philosophy. For many in the crypto space, the beauty of the blockchain is that it’s permissionless and that anyone can build without a centralized authority. Instead, the Ethereum sidechain gaming network instead opts for a closed, curated approach at present. There’s a reason for this kind of early approach, the team says—and it’s hard to argue with success, given the vast rise in Ronin players in recent months, plus its surge to an all-time high price in March ahead of the recent markets cooldown. And there’s a path to…
Bitcoin, the leading cryptocurrency, has closed every month in green, that is, with an increase, since last August. However, BTC appears to be on track to end its seven-month winning streak, which started in September. Because Bitcoin is preparing to close April in red after 7 months. While many analysts have made different assessments on this issue, the reason why Bitcoin closed April with a decline is a number of factors such as the reduced likelihood of the FED to cut interest rates in 2024, the decrease in demand for US-based spot Bitcoin ETFs and broad-based risk aversion in financial…
Sales of non-fungible tokens (NFTs) experienced a 31.26% decline in April from the revenues recorded in March. Last month, statistics show that NFT transactions across several markets totaled approximately $1.15 billion in sales. NFT Revenues Shrink in April, Certain Bitcoin Collections Buck the Trend As April concluded and May commenced, data reveals that NFT sales for the previous month reached about $1.15 billion, reflecting a 31.26% decrease from March. The number of NFT purchasers also fell by 51.88%, while sellers saw a 45.72% reduction in the same period. Among the 24 blockchains that mint NFTs, Bitcoin emerged as the leader…
A recent report by Citi, a global financial institution, has put Brazil at the top of the nations leading the digital money initiatives in Latin America. The report states that Brazil features a combination of factors that ease the adoption of digital money such as government support and digital payment solutions. Citi: Brazil Leads Advancements In Digital Money In Latin America According to Citi, a global financial institution, Brazil is Latam’s most advanced country regarding money digitalization processes. A recent report issued by the bank found that the country features a combination of different factors that support this fact including…
TL;DR Speed and Efficiency: Paris A and B protocols propose reducing Tezos block times to 10 seconds, aiming for lower latency and faster transaction finality, enhancing network speed and efficiency. Data Availability Layer: The introduction of the Data Availability Layer (DAL) on the Mainnet is expected to significantly increase scalability and throughput, especially for Smart Rollups like Etherlink. Proof-of-Stake Enhancements: Updates to the Proof-of-Stake mechanism include Adaptive Issuance and Slashing, and a new role called ‘Staker’, to improve security and incentivize participation in the network’s staking process. The Tezos blockchain community is abuzz with the latest advancements proposed by the…
Hong Kong’s debut of six new spot Bitcoin and Ethereum exchange-traded funds (ETFs) marked a trading volume of HK$87.5 million ($11.2 million). This volume was significantly below the inaugural trading of 11 spot Bitcoin ETFs in the U.S., which achieved a staggering $4.6 billion. Meanwhile, bitcoin’s price dumped below $61,000, having experienced a 2.3% decline within the last 24 hours and an 8% decrease over the past week. Hong Kong’s ETFs Record Low Volumes The Hong Kong Stock Exchange (HKEX) data indicates that the performance and interest in the six Bitcoin and Ethereum ETFs managed by China Asset Management, Harvest…
Bitcoin and Solana non-fungible token (NFT) market registered records in daily active traders (DAT) last week, according to the research blog OurNetwork. While Solana reached its all-time high of 59,300 DAT, Bitcoin registered a peak of 25,600 DAT. Solana’s rising DAT number represents a fourfold increase from the approximately 15,000 daily traders earlier last week. The publication attributes this growth to the influx of wallets engaging in sub-$10 transactions on platforms like Magic Eden and Tensor. Over the past week, Magic Eden has captured a significant 74% of Solana’s trading volume market share and 38% of its trader market share,…
Binance founder Changpeng Zhao appears to be eyeing investments in data centers focused on AI as part of his exploration into new investment opportunities. Ex-Binance boss Changpeng Zhao (CZ) reportedly engaged in multiple discussions with OpenAI CEO Sam Altman as he explores new ventures, despite the potential of facing three years in prison for allegedly permitting various money-laundering schemes on his exchange, the New York Times has learned, citing people familiar with the matter. The details of Zhao’s talks with Altman remain slim, with the sources only saying that the former Binance head is particularly interested in artificial intelligence. According…