Author: NBTC
The Japanese village of Yamakoshi is utilizing non-fungible tokens (NFTs) to address the challenge of an aging population by raising awareness of the issue and generating nearly half a million dollars along the way. The village is offering digital citizenship to holders of its digital collectibles, the Nishikigoi NFT collection, named after a koi carp breed indigenous to the region. Since the collection’s launch in 2021, at the height of the NFT craze, Yamakoshi has attracted just over 1,700 digital citizens to bolster its dwindling population figures. To date, the collection has netted the little village around $423,000 with the…
Justin Bons, Founder and CIO of Cyber Capital Europe’s oldest cryptocurrency fund, criticized the current dominant finance model in the cryptocurrency market based on Venture Capitalists’ (VCs) fundraising. According to Justin Bons, cryptocurrencies are currently dominated by “predatory VCs.” This situation, according to Bons, stems from regulatory pressures that have made Initial Coin Offerings (ICOs) effectively illegal, handing over the entire early-stage market to VCs. Previously, Finbold reported another analyst sharing a similar view about the topic. Miles Deutscher highlighted these new fundraising dynamics as one of the “fundamental flaws” preventing cryptocurrencies from reaching higher grounds. In summary, the two…
The cryptocurrency market has recently witnessed significant movements on Shiba Inu (SHIB) and Cardano (ADA) as both tokens experience substantial increases in large-scale transactions. Santiment reports indicate that this surge is largely driven by increased interest from whale investors, characterized by transactions exceeding $100,000. This week, the number of such large transactions for SHIB and ADA has more than doubled compared to the average for 2024. On a chart attached to the post, one can see that the current figure for such massive transactions for ADA token remains at 875, and for SHIB token at 321. However, even the day…
In this post Kenyan youths find a safe haven in Satoshi Nakamoto’s freedom coin, Bitcoin, amid the Finance Bill 2024 protests. BTC contributors in Kenya call on the youths to educate themselves on BTC and decentralized finance. Kenyans led by Gen Z have taken to the streets to reject the government’s proposed Finance Bill 2024. The protests have been one of a kind, tribe-less, gender-less, party-less, and unfinanced by outside forces. The goal has been one: to end the taxation power of the IMF, World Bank, the United States government, and colonial masters. Kenyans embrace Bitcoin & crypto as tax…
price has experienced a significant rally, climbing from $60,000 to approximately $66,000, according to recent insights from CryptoQuant. This upward movement is primarily attributed to lower-than-expected US inflation rates and a notable decrease in selling pressure within the market. 🧵 #Bitcoin’s price has rallied from $60K to around $66K, driven by lower-than-expected US inflation and reduced selling pressure.Let’s look into the details ⬇️ — CryptoQuant.com (@cryptoquant_com) May 17, 2024 Reduced Selling Pressure and Stablization of OTC Balance Key-Reasons for Bitcoin Recovery A key factor contributing to Bitcoin’s price surge is the behavior of short-term holders, as per CryptoQuant. These investors…
One of the leading NFT collections, Mad Lads has shown significant price increase in the last 24 hours. Analysts are expecting a market recovery for the NFT sector this month. In the past few months, the NFT sector has shown minimal activity, while other crypto markets exhibited notable increases. However, with the onset of the new month, the community has initiated an optimistic outlook towards the sector. Relatively, the NFT collection Mad Lads, witnessed a 56% increase in total sales volume in the last 24 hours raising investor expectations for NFT revivals. The anime and Peaky Blinders-based collection, introduced to…
Ethereum’s decreasing exchange supply may be caused by increasing ETH staking. Galaxy Research predicts $5 billion in inflows in first five months of Ethereum ETF launch. Ethereum needs to overcome the $3,629 key resistance to validate bullish thesis. Ethereum (ETH) is up nearly 3% on Thursday as upcoming spot ETH ETF launch and key on-chain metrics suggest an ETH rally might be around the corner. Daily digest market movers: Why declining ETH exchange supply, staked ETH and spot ETH ETF launch primes Ethereum for new high According to Glassnode data, Ethereum supply on exchanges has continued a downward trend despite…
While the puzzle of when the FED will start reducing interest rates continues, predictions now point to September. At this point, while analysts and top banks were focusing on September for the first interest rate cut, a statement also came from the giant US bank Morgan Stanley. Accordingly, the financial giant predicts that both the US Federal Reserve (FED) and the European Central Bank (ECB) may reduce interest rates in September. Speaking to CNBC, Andrew Sheets, a senior strategist at Morgan Stanley, said that these forecasts are based on the latest economic data showing that inflation is decreasing. Commenting on…
Coinbase exchange might be burning XRP in what might be considered the most subtle or unusual move ever. According to insights shared by block explorer XRPScan, the American trading platform incinerates a portion of the fees it receives from every internal XRP transfer. XRP burn – unusual bullish effort Coinbase relisted XRP recently after the digital exchange received clarification from Judge Analisa Torres that it is not an investment contract. Per the update from XRPScan, Coinbase burns 20 XRP as fees whenever it moves funds internally. While it is hard to accurately predict the reason for this burning, XRPScan noted…
The U.K. election is July 4, and polls indicate a new Labour government is inevitable. The crypto ecosystem in the U.K. has grown steadily under various, almost exclusively Conservative, governments since the birth of Bitcoin 15 years ago. So what does this change in leadership spell for the future of crypto? Laura Navaratnam is the U.K. policy lead for the Crypto Council for Innovation. The views expressed in this column are those of the author and do not necessarily reflect those of CoinDesk Inc. or its owners and affiliates. Prior to the election announcement, the industry had grown accustomed to…