Author: NBTC

Iran has been mining and trading in cryptocurrencies out of necessity due to major global sanctions and a local currency that has dwindled in value due to severe inflation since at least 2019. However, experts told Decrypt it’s still nearly impossible to estimate its holdings. The University of Cambridge’s Center for Alternative Finance estimated that the nation accounted for 7.5% of Bitcoin’s hashrate in March 2021, a figure that fell as low as just 0.12% in January 2022. Throughout its history, Andrew Scott Easton, founder and CEO of Bitcoin miner fund Masterminded, estimated that the country has mined approximately 60,000…

The prominent investment analysis platform, Alphractal, forecasted that the Realized Cap Impulse of Bitcoin is expected to rise till October, which would be “the last major impulse” before entering a prolonged bearish cycle. According to the post on X, this bear cycle is expected to last for about one year, extending until the end of 2026. The Realized Cap Impulse has maintained its levels “perfectly”, which is considered to be the final base of support for the cryptocurrency. “As long as it stays above this zone — both in the short and long-term outlook — it signals clear demand, which…

It’s been a rocky year for Ethereum (ETH) holders. The world’s second-largest cryptocurrency has declined 26.73% year-to-date and is currently trading 29% lower than it was a year ago. At $2,445.14 per token, ETH is down another 4.03% just this week. While institutional money continues to flow in (Spot Ethereum ETFs pulled in $741.7 million in the last two weeks), the technical picture appears shaky. ETH recently pushed above $2,520 but has since pulled back, with analysts eyeing potential support around $2,320. Still, if you had the good sense to buy Ethereum three years ago, you’d be sitting pretty today.…

Russia’s digital ruble is poised for explosive mass adoption by 2026, as expanded pilots, surging participation, and robust infrastructure lay the foundation for a sweeping financial transformation. Digital Ruble Set to Reshape Russia’s Economy With Full Rollout Slated for 2026 Russia’s central bank digital currency (CBDC), the digital ruble, is advancing toward becoming a key component of the nation’s financial system. Chairman of the State Duma Committee on Financial Market Anatoly Aksakov disclosed in an interview with Tass on June 18, ahead of the St. Petersburg International Economic Forum, that mass adoption of the digital currency is now slated for…

Floki, a well-known meme token project, has recently started a new collaboration with Method, a worldwide famous esports platform dealing with MMORPG genre. As included in this partnership, Floki intends to bring its top play-to-earn MMORPG, Valhalla, to the MMO community. The platform took to social media to reveal this significant development. Floki Teams Up with Method to Bring Valhalla to the Heart of the MMO CommunityWe’re excited to announce a strategic partnership between Valhalla, our flagship play-to-earn MMORPG, and @method, one of the most iconic and respected names in the global MMORPG esports scene.… pic.twitter.com/avlJ4AnAYQ — FLOKI (@RealFlokiInu) June…

Analytics account on the X social media network (formerly known as Twitter), Lookonchain, has spread the word about a significant amount of Ethereum transferred to an anonymous wallet earlier today. Ethereum Foundation, which made the transaction, is a non-profit organization that supports various projects on the Ethereum blockchain. Meanwhile, over the past 24 hours, the second-largest cryptocurrency, Ethereum, has shown a volatile price trajectory. After a 3.7% decline, ETH rebounded, going up by 1.62% and is changing hands at $2,440 at press time. Ethereum Foundation transfers 9,000 ETH over past month Today, the Foundation moved 1,000 ETH worth $2.45 million.…

U.S. national debt has surpassed $37 trillion for the first time in history. The debt has surged as policymakers increased government spending and implemented stimulus measures. Head of U.S. rates strategy at TD Securities, Gennadiy Goldberg, said that the crux of the $37 trillion problem is that no one knows at what level the debt becomes unsustainable. Treasury Secretary Scott Bessent acknowledged that the U.S. government has a spending problem, not a revenue problem. U.S. spending bill threatens to increase national debt The U.S. national debt just passed $37 trillion dollars. This is unsustainable. Tick, tock. pic.twitter.com/KYIwaZaQXJ — Natalie F…

Cetus, the largest decentralized exchange (DEX) on the Sui network, made an important statement regarding the compensation process for its users following the cyber attack. The platform announced that it is ready to compensate all aggrieved users if the community vote is successful and the locked funds are released. Following the announcement by its developers, there was a sudden 11% increase in the CETUS token price. Chart showing the sudden price increase in CETUS. In the statement made by Cetus, it was stated that all the assets taken off-chain can be repaid with a treasury of cash and tokens, as…

Mythical Games released its blockchain-powered mobile soccer game FIFA Rivals two weeks ago, and we’ve been testing it out to see if this iOS and Android game is worth your time. Due to the sheer size of the soccer fanbase, Mythical Games told Decrypt that it believes the title could be 20 times larger than NFL Rivals, its most popular crypto game that launched two years ago. In a nutshell, FIFA Rivals feels like an even more simplified, crypto-infused, and online-playable riff on Score! Hero, a cult classic mobile soccer game. At first, this isn’t an issue, and its online…

Coinbase CEO Brian Armstrong warned that Bitcoin might “take over” as the world’s next reserve currency if Congress doesn’t act quickly to tackle its mounting $37 trillion in debt. “I love Bitcoin, but a strong America is also super important for the world,” Armstrong tweeted on Tuesday. “We need to get our finances under control.” Armstrong’s concerns over the debt crisis came as House Republicans passed the Trump-backed “big, beautiful bill” in May that extends tax cuts, boosts military spending, and cuts Medicaid, food aid, and clean energy. The fiscal strain is fueling interest in Bitcoin, which was born out…