Author: NBTC
Solana-based decentralized exchanges (DEXs) have seen a notable increase in trading activity, with their volume exceeding the $1 billion threshold. According to DEX Screener, the current trading volume is $1.23 billion, marking a substantial rise from last week’s average volume, under $1 billion. Interestingly, this surge is largely attributed to the rising popularity of meme coins within the Solana ecosystem. Meme Coins Fueled Solana DEXs Volume Rebound This resurgence in Solana DEXs volume is particularly noteworthy as it coincides with increased regulatory scrutiny in the decentralized finance (DeFi) sector. Recently, the SEC issued a Wells notice to Uniswap, one of…
Cryptocurrency analyst Kevin Svenson is offering his forecast on Bitcoin (BTC) amid a correction in the market. Svenson tells his 73,200 YouTube subscribers that Bitcoin is in the early stages of the fourth level of a parabolic curve pattern that started around November of 2022. A parabolic curve pattern is a staircase-like formation with four levels where the price generally pauses and whipsaws around for a while at each of the levels before continuing the bullish trend. According to Svenson, as Bitcoin embarks on the fourth stage of the current parabolic curve pattern, the volatility levels will shoot up. “Bitcoin…
Although some of his previous statements could suggest a highly negative view of cryptocurrencies and individuals in that industry, social media personality and former professional kickboxer Andrew Tate has recently endorsed a blockchain he believes will be “huge.” Specifically, the controversial influencer announced that Venom, the recently launched Layer-0 blockchain by the Venom Foundation on the mainnet, “will be huge regardless” of whether or not his followers on social media buy it on his recommendation, according to his X post on April 14. Blockchain Venom. Dont buy it, I dont care. It will be huge regardless.Im only tweeting this so…
Cryptocurrency analysis company Santiment announced in its statement the NFT-Game-themed altcoins that developers have focused on the most in the last 30 days. Although NFT-themed altcoins were one of the most trending parts of the last bull, they have gradually disappeared from the list of top altcoins as the NFT sector began to decline. However, recently, the NFT field has come to the fore again after Tensor (TNSR), one of the largest NFT platforms of the Solana ecosystem, distributed tokens to users via airdrop. However, this popularity of the TNSR altcoin may have occurred due to the popularity of airdrop-derived…
Japan’s ruling party, the Liberal Democratic Party, wants the government to carry out “immediate” crypto tax reforms. Per an official Liberal Democratic Party release and a report from the Japanese-language media outlet CoinPost, the party’s web3 project team unveiled a “White Paper” on April 12. In February, the government unveiled plans to allow venture capital firms to invest in domestic crypto companies. Japan’s Ruling Party Wants Crypto Policy Changes The team said that “profits and losses” from “cryptoasset transactions” should “be subject to separate taxation by self-assessment.” And the team said the above issue “should be addressed immediately.” The report…
OKX, a leading cryptocurrency exchange, announced the listing of WIF and MEW tokens on its spot trading market. OKX Adds WIF and MEW to Spot Trading Market Investors can expect the following schedule for deposits, trades and withdrawals: WIF and MEW deposits opened at 10:00 am on April 15, 2024. MEW/USDT spot trading will begin at 11:00 AM on April 15, 2024. WIF/USDT spot trading will begin at 12:00 on April 15, 2024. Withdrawals for WIF and MEW will open at 13:00 on April 16, 2024. WIF, represented by the symbol WIF, is a meme coin known as “dogwifhat” on…
In the recent bull run landscape of cryptocurrency, the recent surge to new all-time highs of Bitcoin has captivated the investment community. This extraordinary milestone not only showcases Bitcoin’s increasing dominance and acceptance but also marks a pivotal shift in market dynamics and investor behavior. As we delve into the intricacies of this financial phenomenon, we aim to explore the underlying factors driving Bitcoin’s unprecedented rally, the changing patterns of wealth distribution among investors, and the strategic implications for those looking to navigate the next phases of the bull run. In doing so, we provide insights into the mechanics of…
HTX Ventures, the global investment division of cryptocurrency exchange HTX, has strategically invested in COREx, a decentralized exchange (DEX) that utilizes CoreDAO. COREx, a prominent product within the Core Ecosystem, is anticipated to revolutionize the domain in the era of decentralized finance (De-Fi) by integrating social networking and AI-driven tools. Built on the Geth codebase, CoreDAO, originally referred to as BTCFi is an Ethereum Virtual Machine (EVM)-compatible Layer 1 public blockchain. Its main goal is to boost throughput while lowering costs via a stringent hard-fork approach. This unique method seamlessly combines the strengths of Proof-of-Work (PoW) with Delegated Proof of…
A cryptocurrency whale reportedly deposited 182.4 billion PEPE ($1.24 million), 351,520 CAKE ($1.31 million), 1.88 million MANA ($1.11 million) and 1.83 million SAND ($1.09 million) on Binance just an hour ago. This impressive whale managed to profit from 8 different tokens, earning a total net profit of $5.4 million. Ethereum wallet address of the first whale: 0x37dfFd32Ea5b23813A263F725759632C120e0AC7 Meanwhile, another whale is causing serious tremors in the Ethereum market. This trader bought 10,309 ETH ($35.82 million) just two hours ago, right at the bottom of the market decline. This isn’t the first time the whale has made a big leap. On…
South Africa’s financial regulator, the Financial Sector Conduct Authority (FSCA), has granted approval to 59 license applications from cryptocurrency platforms seeking to offer services to residents. During a financial conference, Felicity Mabaso, the FSCA divisional executive, revealed that the regulator received a total of 355 license applications, with 262 still pending, according to a report from News24. In response to this influx, the FSCA set a deadline of November 30 for exchanges and cryptocurrency platforms to submit license applications or face enforcement measures. FSCA Commissioner Unathi Kamlana explained that the application processing is ongoing and being carried out gradually due…