Author: NBTC
In a world where traditional social media platforms dominate the digital conversation, are decentralized alternatives emerging as a promising counterpoint to censorship or a breeding ground for hate speech? BeInCrypto talks to Anurag Arjun, co-founder of Avail, a blockchain infrastructure pioneer who is passionate about how decentralization can potentially transform online speech and governance. Decentralized Social Media Faces Moderation and Privacy Challenges In October, X (formerly Twitter) suspended the Hebrew-language account of Iranian Supreme Leader Ali Khamenei for “violating platform rules.” The post in question commented on Israel’s reprisal attack on Tehran, reigniting global debates about the power centralized platforms…
Samara Cohen, BlackRock’s Chief Investment Officer for Exchange Traded Funds (ETFs) and Index Investments, revealed that 75% of buyers of the company’s Bitcoin ETF are cryptocurrency enthusiasts who are unfamiliar with traditional Wall Street investments. BlackRock Says Majority of Bitcoin Spot ETF Buyers Are From Cryptocurrency Community, Not Traditional Finance Speaking at the Permissionless Conference in Utah, Cohen explained that the ETF structure provides investors with a more accessible way to invest in BTC. “The ETF was created as a vehicle,” he told CNBC. BlackRock’s Bitcoin ETF has seen significant interest since its launch, with the combined market cap of…
South Korea has signed the OECD agreement on crypto reporting among member nations. The country’s Ministry of Economy and Finance announced on November 27 that it had officially signed the Crypto Asset Reporting Framework Multilateral Competent Authority Agreement (CARF MCAA) at the 17th OECD Global Forum. Signatories of the CARF MCAA will exchange information on crypto asset transactions through an automatic channel developed by the OECD in collaboration with the G20. As an OECD member, South Korea has fulfilled its role in the agreement and plans to amend its local crypto laws. An official from South Korea’s Ministry of Economy…
Barely 20 years since its launch, Hong Kong’s Cyberport has recorded astronomical growth, living up to its expectation as the primary driver of the government’s Web3 ideals. Elsewhere, China is pushing for greater collaboration with advanced and developing countries to address the digital divide. According to a discussion paper released by Hong Kong’s Legislative Council, Cyberport has grown to host over 270 Web3 entities since its inception. It also highlighted Cyberport’s giant leaps while informing the public of the initiative’s progress in Web3 development. The 14-page report showed that the government-owned commercial hub is now leading Hong Kong’s emerging technology…
Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally. Over the past week, inflows into the 12 spot Bitcoin ETFs reached $2.13 billion, following six consecutive days of positive inflows. This marks the first time weekly inflows into Bitcoin ETFs have surpassed the $2 billion mark since March 2024. Total net inflows across Bitcoin ETFs have hit a record $20.94 billion. That’s a milestone that took gold ETFs years to achieve, according to Bloomberg’s…
Cryptocurrencies and blockchain innovations remain popular among investors, as several projects reported successful funding in the last few weeks. Monkey Tilt, a platform merging online gambling with cryptocurrencies, secured $30 million in its latest funding round. The initiative, backed by Pantera Capital and Polychain, aims to redefine gaming by incorporating decentralized financial technologies. Other key supporters include Hack VC and Mirana. ⚡️Top Recent Crypto Fundraising Events@MonkeyTiltPlay – $30M@noble_xyz – $15M@bitfinitynet $BTF – $12M@KGeN_IO – $10M@ValantisLabs – $7.5M@rise_pay – $6.3M@OpenLayerHQ – $5M@GunzillaGames $GUNZ – TBAInvestors: @paradigm, @a16zcrypto, @PanteraCapital, @hack_vc,… pic.twitter.com/hx8imUOp89 — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 23, 2024 Noble Secures…
The European Parliament approved its slate of commissioners on Wednesday, including the individuals who will be responsible for monitoring regulations around digital assets. In September, European Parliament President Ursula Von der Leyen proposed a list of commissioners. While crypto did not stand out as a core topic amongst the roles, this group will be responsible for ensuring digital asset rules are implemented. The European Union (EU), a bloc of 27 nations, was the first major jurisdiction in the world to establish a bespoke crypto legislative package last year, otherwise known as the Markets in Crypto Assets legislation (MiCA). Stablecoin rules…
Bitcoin’s (BTC) recent price surge, which has seen the cryptocurrency increase by 10% over the past seven days, has placed 95% of its holders in profitable positions. This upward momentum suggests that Bitcoin could be on the verge of hitting a new all-time high. Currently, the price is close to retesting the $70,000 mark. This on-chain analysis explains how the coin could climb beyond this level and what it could mean for investors. Bitcoin’s Uptober Gets Back on Track Bitcoin’s price action in October initially raised concerns, as it dropped from $63,000 to below $59,000. This led to doubts about…
Based on current data, 24 days before the upcoming Federal Open Market Committee (FOMC) meeting, there’s a 52.7% likelihood of a quarter-point rate cut, according to CME Group’s Fedwatch tool. Markets Signal Mixed Messages Ahead of FOMC Meeting The U.S. Federal Reserve‘s federal funds rate outlook for December remains a toss-up. The odds of no rate change and a modest 25 basis points reduction are running close, but the quarter-point cut slightly leads. CME’s Fedwatch tool, which leverages the pricing of 30-day Federal Funds futures contracts to predict potential rate shifts, places the probability of a 25bps cut at 52.7%.…
Fan tokens have witnessed increased investor interest after Binance announced listing SANTOS, Santos FC Fan Token. After the listing announcement, other fan tokens, such as the Paris Saint-Germain fan token and the Manchester City fan token, have witnessed significant gains. Santos FC Fan Token attracted investors’ attention after surging by more than 100% after Binance, the world’s largest exchange by volume, listed the Fan token. According to data from Coinmarketcap, the token is currently trading at $7.08 with a 24-hour trading volume of $283.72 million. The token’s price is up by 113.55%, and its 24-hour trading volume is up by…