Author: NBTC
The U.S. federal government’s outstanding borrowing has now reached a staggering $35 trillion. In the past and among other nations, rising national debt has led to increased inflationary pressures and eroded confidence in traditional fiat currencies. Yet unlike other times in history, sovereign nations and investors alike have an opportunity to buy crypto as a hedge against those pressures, Rich Rosenblum, co-founder of trading firm GSR, told Decrypt. “The fact that much of the world has ballooning debt and is arguably in a ‘debt trap’ is the part that’s really good for Bitcoin,” Rosenblum said. In such environments, investors often…
According to IntoTheBlock’s recent analysis, Ethereum tokens $AXS and $RPL have the highest concentration of whales. On the other hand, $APE has the lowest. In the cryptocurrency world, whales are individuals that hold large amounts of a specific cryptocurrency. According to @intotheblock’s analysis of Ethereum tokens, $AXS and $RPL stand out with the highest number of whale concentration, while $APE has the lowest. These differences may influence market behavior, including liquidity & price volatility.https://t.co/tgC3k0AsWI pic.twitter.com/8PVvHP4ssm — champagne mami 💕 (@EkponoAkwaowo) July 19, 2024 Whale Holdings Lead to Fewer Tokens in Circulation The presence of whales can influence the market behaviour…
Leading cryptocurrency exchange Bitget is set to engage young minds with a month-long celebration of all things crypto! As part of its ambitious Blockchain4Youth (B4Y) program, the exchange will host Crypto Experience Month throughout August, stretching across 13 cities worldwide. Bitget disclosed this development in an official announcement via its website today. The report noted that the initiative aligns with International Youth Day and underscores Bitget’s $10 million commitment to nurturing the next generation of blockchain pioneers. This year’s Crypto Experience Month will blend education and entertainment, with focus on the synergy between artificial intelligence and blockchain. Participants can expect…
Animoca Brands, a leader in digital property rights for gaming and the open metaverse, has inked a multi-year strategic partnership with LayerZero Labs, the team behind the omnichain interoperability protocol LayerZero. As part of the agreement, LayerZero will become the default interoperability solution for Animoca Brands and its subsidiaries. The partnership will focus on simplifying cross-chain interactions for users, allowing them to focus on enjoying digital content without technical complexities, Animoca Brands shared in a Tuesday press release. Through the integration of LayerZero’s technology, the two entities aim to enhance digital experiences across Animoca Brands’ gaming, entertainment, and other blockchain…
Bitcoin (BTC) has made a strong start to the new month after the price fell short of expectations for a large part of 2024’s second quarter (Q2). Trading at $63,255, the price increased by 3.11% in the last 24 hours. Investors will be interested in whether the coin will continue its run or fare better. This analysis affirms the possibility of a higher price by the end of July unless something unexpected happens. Bitcoin Miners Reduce High Selling Activity Miners were one of the factors that grounded Bitcoin’s price to a halt in the last few months. In April, Bitcoin…
The decentralized finance (DeFi) ecosystem is an ever-evolving landscape, with the introduction of application-specific blockchains (appchains), layer-2 (L2) blockchains, novel virtual machines, and so on. In this scenario, users wonder how can blockchains such as Cardano compete with these optimized infrastructures. Charles Hoskinson, CEO of Input Output Global, stated during his participation at Blockchain Rio that Cardano is making sure that everything built so far preserves and protects the blockchain value. To fulfill this goal, it is more important to make calculated moves instead of the typical “move fast, break things.” “There’s no greater example of that than Bitcoin, which…
Crypto venture capital arm of HashKey has announced its strategic investment in Pluto Studio, the publishing platform behind Telegram-based game Catizen.AI. HashKey Capital, the venture capital branch of Hong Kong-based crypto company HashKey, has supported Pluto Studio, the publishing platform behind the Telegram-based game Catizen.AI, with a “strategic investment” in a bid to deeper its presence in the gamefi sector. In a Jul. 30 press release, the Hong Kong-headquartered VC firm said that following the funding, HashKey Group will also be announcing a “coming up partnership with Catizen to further amplify the awareness of TON Mini-Game,” though specific details regarding…
Floki has emerged as the top play-to-earn (P2E) crypto asset by market cap, surpassing Axie Infinity, The Sandbox, Decentraland, and Gala. Floki has officially taken the top spot as the world’s leading play-to-earn crypto, according to CoinMarketCap. Surpassing established players like Axie Infinity (AXS), The Sandbox (SAND), Decentraland (MANA), and Gala (GALA), FLOKI is reportedly cementing its position in the market. $FLOKI is now the world’s biggest ‘Play to Earn’ cryptocurrency! 🏆 Floki is officially the world’s biggest #PlayToEarn cryptocurrency according to @CoinMarketCap, surpassing established players like $AXS, $SAND, $MANA, and $GALA. This is coming as #Valhalla, Floki’s NFT… pic.twitter.com/eh2dcBbM2m…
According to Nagel Paulino, head of the Central Bank’s regulatory department, the Central Bank of Brazil hopes to finalize cryptocurrency market regulations by 2025. The institution will conduct a second public consultation to finalize the drafts, hearing the opinions of market participants in order to tailor these rules to local needs. Central Bank of Brazil Projects Finalizing Crypto Market Regulation By 2025 Brazil is getting closer to finalizing regulation regarding virtual asset service providers (VASPs) and their interaction with crypto. The institution aims to have a complete VASP regulation by early 2025, according to Nagel Paulino, head of the Central…
TunaChain, the earliest modular L2 on Bitcoin, has recently announced a new partnership. TunaChain’s exclusive collaboration with XLink focuses on improving security, efficiency, and transparency in the supply chain realm. The platform disclosed the respective initiative on its official X account. 🚀 Exciting news! TunaChain is partnering with @XLinkbtc to revolutionize supply chain management with advanced cross-chain technology. This collaboration leverages XLink’s advanced cross-chain technology, integrating it with TunaChain’s platform for improved tracking and… pic.twitter.com/fUNEYhd309 — TunaChain (@TunaChain) July 30, 2024 TunaChain Commences a New Collaboration with XLink In its new X post, the company expressed its enthusiasm about this…