Author: NBTC
As it is known, at the beginning of July in Turkey, the “Law on Amendments to the Capital Markets Law” No. 518, publicly known as the cryptocurrency law, came into force by being published in the Official Gazette on 02.07.2024. Within the scope of this law, cryptocurrency service providers operating or will operate in Turkey are placed under the regulatory and supervision authority of the Capital Markets Board (CMB). Again, within the scope of this law, a one-month preliminary application and transition period was granted to cryptocurrency exchanges that wanted to operate in Turkey. In this context; As of 02.07.2024,…
In a recent social media post, cryptocurrency mogul Mike Novogratz stated that 2024 is a “pivotal” year for Bitcoin mining. He has stated that the industry managed to display “incredible resilience” through economic lows. Novogratz shared a recent Galaxy Digital report, which highlights the key cryptocurrency mining trends of this year. The integration of cryptocurrency mining with artificial intelligence (AI) and high-performance computing (HPC) has emerged as one of the key developments of the year. “The integration of AI/HPC with mining is reshaping the landscape, creating new opportunities, and emphasizing the need for power access,” Novogratz said in a social…
U.S. spot Bitcoin (BTC) ETFs have seen a positive shift, registering four consecutive days of net inflows amounting to $137.2 million. The turnaround started on June 25, following a tough week of consistent net outflows across nearly all funds. Bitcoin spot ETF flows June 25-28 | Source: Farside Investors On that day, per data from Farside Investors, spot Bitcoin ETFs in the U.S. recorded $31 million in net inflows, with Fidelity’s FBTC leading the charge with $48.8 million in inflows, followed by the Bitwise Bitcoin ETF (BITB) with $15.2 million. The VanEck Bitcoin Trust (HODL) also reported $3.5 million in…
The nine U.S. spot Ethereum exchange-traded funds collectively saw net inflows of $33.7 million yesterday, following four straight days of negative flows. Despite continued outflows from Grayscale’s ETF, overall Ethereum (ETH) ETF flows had a positive day yesterday, July 30. According to data from Farside Investors, Grayscale’s ETHE was the sole spot ether ETF to experience net outflows yesterday, July 30, amounting to $120.3 million. The ETF, which has experienced outflows every day since its launch on July 23, has seen a total of $1.8 billion in outflows since its debut. Yesterday’s outflows from ETHE were counterbalanced by significant inflows…
Large investors, often referred to as crypto whales, have drawn their attention toward the popular Dogecoin (DOGE) meme coin. Within the past 24 hours, whales have scooped up 60 million DOGE, valued at approximately $7.3 million, at the current market price. Dogecoin whales push for liberation In an earlier post on social media X, Ali Martinez, a well-known crypto analyst, highlighted a chart showing increased activity from Dogecoin whales. #Dogecoin whales have bought up over 60 million $DOGE in the last 24 hours! pic.twitter.com/53Z9gi0eFt — Ali (@ali_charts) July 18, 2024 Many community members view this interaction as whales fighting for…
Countless people lost money in Do Kwon’s high-interest crypto scheme, and the time has finally come to start a formal loss claim. At its peak, the market capitalization for Luna peaked at around $40 billion, and the Anchor protocol had a peak Total Value Locked of approximately $17 billion. Many people simply saw Kwon’s advertised 19-20% interest rate, bought Kwon’s Terra stablecoin, and deposited it into his Anchor protocol in order to earn yield. Others speculated on Luna or Anchor governance tokens. It sounded too good to be true, and it was. All of Kwon’s tokens – Terra, Luna, and…
Decentralized exchanges (DEX) gained traction in July by nearing $186 billion in monthly trading volume, 18% up from June. This is the first time since March that DEX monthly volumes have risen. Notably, the ratio of trading volume on DEX compared to centralized exchanges reached an all-time high at 14.26%, according to data from The Block. The steady growth in this ratio highlights the demand for more decentralized and transparent platforms for crypto trading. DEX to CEX ratio. Image: The Block Solana-based DEX registered the largest trading volume last month, nearing $55 billion and growing 41% since June. This is…
The shares of bitcoin miner Marathon Digital (MARA) fell as much as 8% on Thursday post-market trading after the company’s second quarter revenue missed Wall Street’s expectations. The shares have recouped some of their losses since then. Marathon reported revenue of $145.1 million versus an estimate of $157.9 million, according to FactSet data. The company’s sales took a hit in the second quarter due to several operational challenges which hindered its ability to mine bitcoin as well as recent halving weighing on the mining sector, Marathon said in its earnings release. “During the second quarter of 2024, our BTC production…
The spot Bitcoin ETFs have again witnessed some inflows. SpotOnChain, the popular platform offering precise crypto data to investors, has disclosed that BTC Spot ETFs effectively gained $73 million worth of inflows on June 28. The number is 6 times higher than that of the previous day. The platform took to X to provide the details of the respective inflows in terms of the individual ETFs. 🚨 $BTC #ETF Net Inflow June 28, 2024: +$73M!• The net inflow remains positive for 4 days.• #BlackRock (IBIT) finally received a large inflow ($82.4M) after 13 days of stagnant flows.• #Grayscale (GBTC) still…
Popular blockchain tracking platform Whale Alert, which tracks down large cryptocurrency transfers, has spotted several massive ETH chunks that have been moved in the last 20 hours. More than half a billion worth of U.S. dollars has been shoveled by anonymous whales, while Ethereum ETFs continue to attract millions in inflows. 794 million Ethereum on move The aforementioned data source has detected massive Ethereum transfers, one of which could be called a huge one, and two which could be considered just very large ones. The biggest transfer on this list carried 143,379 ETH – the equivalent of $470,075,827. The “just…