Author: NBTC
A new study on South Korea reveals a significant surge in domestic cryptocurrency ownership, with over 9.6 million investors by the end of last year. Older South Koreans Increasingly Keen on Crypto A recent study highlighting data from South Korea reveals a significant surge in domestic cryptocurrency ownership, with the number of investors exceeding 9.6 million by the end of last year. This represents a remarkable 52.6% increase compared to the previous year, underscoring a growing embrace of digital assets within the South Korean population. Notably, the study also indicates a substantial rise in ownership among older demographics, with one…
More high-net-worth investors are jumping into Bitcoin (BTC) and digital assets, according to an industry insider. In a new interview with CNBC, Michael Sonnenfeldt says digital currencies are “really exciting” for members of his organization. Michael Sonnenfeldt is the founder and chairman of Tiger 21, a peer advisory organization for high-net-worth entrepreneurs, investors and executives. According to Sonnenfeldt, Bitcoin and gold have distinct use cases, noting that the precious metal is used to seek refuge in times of global instability. “We have some members that are all in. It’s become a gold substitute. Gold isn’t an inflation hedge, it’s an…
Blackrock Inc. and Emirates NBD, a top bank based in Dubai, are developing a new platform that will make it easier for investors in the Middle East to access growing private markets. The product will give Emirates NBD’s high-net-worth clients access to private loans and other assets. It will be built on BlackRock’s Alternative Investments platform, which manages more than $450 billion in assets. It is also supported by over 1,000 personnel in more than 50 countries. On the other hand, Emirates NBD is one of the biggest banks in the MENAT (Middle East, North Africa, and Turkey) area. It…
Build Real-World Solutions on IOTA TL;DR:The IOTA Foundation’s Product Adoption Department is launching an initiative to support real-world solutions on the upcoming IOTA Rebased Mainnet. Throughout 2025, businesses can apply for funding up to €100,000, along with technical, marketing, and strategic support for projects in tokenization, decentralized identities, supply chain tracking, and more. The program is open to businesses at any stage, focusing on applications that address real-world challenges. Approved applicants will define milestones with the IOTA Foundation before launching on the upgraded Mainnet. For details, email [email protected]. We see public, permissionless Distributed Ledger Technology (DLT) as a transformative…
Mike McGlone, Bloomberg’s senior commodity strategist, has taken to his social media account to share part of the recent Bloomberg Intelligence report regarding the current market stance of Bitcoin and gold. He believes that gold may begin to gain against the digital gold – Bitcoin – soon, stating that BTC may have peaked at the $100,000 price level. Bitcoin may be losing momentum to gold McGlone’s tweet mentions that VIX (the Chicago Board Options Exchange Volatility Index) is going down at the moment, which indicates that stock market volatility is fallinf. Therefore, gold is starting to gain momentum and outperform…
CME Group, a major marketplace in derivatives trading for institutions, said it is exploring tokenization as a way to improve capital market efficiency with U.S. tech giant Google Cloud’s distributed ledger technology.The two companies plan to start direct tests with market participants later this year and are aiming to launch new services in 2026, according to a Tuesday press release. CME will use Google Cloud’s newly introduced Universal Ledger, a programmable, private network to test how digital asset infrastructure can streamline settlement and clearing. The two giants’ move underscores the red-hot tokenization trend that has captivated crypto firms and traditional…
Today, crypto analyst Lookonchain spotted a whale who made a significant bet on a new Central African Republic meme coin (CAR). Unfortunately, the investor faces substantial losses in his investment. FOMO fueled investor’s action Typically, whales in the digital asset market are the focus of attention, as their activity can result in massive profits or substantial losses due to unwise decisions. Today, Lookonchain spotted a significant incident concerning a whale who suffered over a $1.5 million loss. He made the loss by prematurely investing in a newly launched meme coin called CAR, just before its value plummeted. This guy spent…
Bitcoin (BTC), the first and largest cryptocurrency by market capitalization, has entered an unusually quiet phase, with the least volatile six-day stretch since November 2023. According to Matthew Sigel, Head of Digital Assets Research at VanEck, this level of low volatility was last seen in November 2023, before Bitcoin rose 35% in a month. A Bitcoin six-day volatility chart provided, accompanying the tweet, indicates a considerable decline in volatility as the BTC price consolidates. Quietist Six Days for Bitcoin Since the Brief November 2023 Trading Range After Which BTC Rallied 35% in One Month pic.twitter.com/amMsxIlpo3 — matthew sigel, recovering CFA…
In the world of cryptocurrency, whale movements can significantly influence market dynamics. A major player in the Ethereum (ETH) market made waves today by acquiring a substantial amount of ETH worth $13.8 million. According to recent reports, this whale took several strategic steps to amass 7,074 ETH through a series of transactions that involved OKX and Aave platforms. In this article, we will delve into the details of this transaction and explore what it could mean for Ethereum and the broader crypto market. A whale bought 7,074 $ETH($13.8M) today!The whale withdrew 4,511 $ETH($8.81M) from #OKX 3 hours ago and deposited…
Justin Sun’s memecoin platform, Sun Pump, is struggling to outperform its competitors as token launches and revenue plummet by 99.9%. Sun Pump was launched in 2024 on August 9, joining a market that is already home to the likes of Binance’s Four Meme and Pump Fun. In that same month, reports indicated that Sun Pump was making more revenue and tokens than the largest memecoin launcher, Pump Fun. However, that momentum is almost entirely gone. On January 31 and February 7, 2025, just four tokens were launched on Sun Pump, a 99.9% decrease from the over 7,500 tokens it launched…