Author: NBTC

Piero Cipollone, a member of the executive board of the European Central Bank (ECB), recently spoke about the key benefits of the digital euro, arguing that the project would be able to bolster Europe’s financial sovereignty. Cipollone warned about a future scenario, in which Alipay, the largest mobile payment platform in China, would be the only available payment option for Europeans. He noted the popularity of cash continues to decline steadily, with digital payments emerging as the increasingly dominant option. Hence, there is a risk of Europeans becoming increasingly dependent on non-Europena payment platforms. A sovereign digital payments system would…

According to the latest data compiled on August 14, 2024, several gaming projects have distinguished themselves through heightened social activity. Render (RNDR) has emerged as the frontrunner, commanding the highest level of social interaction. With 6.8K engaged posts and a staggering 400.5K interactions, RNDR is setting the pace for community-driven activity in the blockchain gaming sector. TOP #GAMING PROJECTS BY SOCIAL ACTIVITY$RENDER $EGLD $VRA $NAKA $APE $MANA $AXS $SAND $IMX $GMT pic.twitter.com/1LN5KGLnvG — PHOENIX – Crypto News & Analytics (@pnxgrp) August 14, 2024 Hot on Render’s heels are Elrond (EGLD) and Verasity (VRA), with EGLD achieving 5.5K engaged posts and…

While Nigerian authorities have generally been perceived as having an anti-crypto stance, recent developments on the regulatory front suggest a shift toward supporting crypto businesses. Buchi Okoro, CEO of the digital asset exchange Quidax, which recently obtained an operating license, believes these developments could lead to broader adoption of crypto assets in Nigeria. Quidax Wins Regulatory Approval After Proactive Outreach In written responses to questions from Bitcoin.com News, Okoro, however, urged Nigerian authorities to create a clear legal framework that allows for a smooth launch of products and services by crypto businesses. Such a framework, he said, would enable the…

A Russian financial expert has issued a warning about the popular game Hamster Kombat, following complaints from players after the end of its first season. Many Russian players expressed disappointment, believing they would earn substantial profits from the game. According to Victor Pekov, an independent financial crime specialist in the crypto space, some players became “hostages of their own expectations,” thinking they would get rich by playing. Pekov said that the game’s developers never promised large financial rewards. Pekov told RTVI that people overestimated their chances of earning money with Hamster kombat. Many players aimed to collect enough in-game currency…

Fast-food chain Dunkin’ is giving out Bitcoin to its customers in South Korea through a series of promotions in partnership with local crypto exchange Bithumb. Participants can receive Bitcoin “coupons” to redeem for free BTC by participating in promotions that are scheduled to run from July 26 to August 8, according to Dunkin’s South Korean website. The giveaways form part of the coffee chain’s partnership with South Korean cryptocurrency exchange Bithumb. During the first promotion, customers that purchase a Bithumb Donut Pack will receive a Bitcoin coupon worth 5,000 won (roughly $3.50), a translated Dunkin’ promotional flier shows. In another…

Ether trading volume has skyrocketed by 65%, indicating higher participation from traders and investors. There is a strong possibility that ETH could reach the $2,900 level and even higher. ETH has recently broken out of the consolidation zone and is now heading toward the $2,900 level. Ethereum (ETH), the world’s second-biggest cryptocurrency by market cap appears to be super bullish and could hit the $3,000 level soon. Despite the majority of top cryptocurrencies, including Bitcoin (BTC), Solana (SOL), and many others struggling to gain momentum, ETH has gained more than 4% of its value. Ethereum Price Momentum At press time,…

With the great wealth transfer underway, crypto investors are getting excited about the potential flow of trillions in investment into cryptocurrencies. Bitcoin continues to lead with interest from institutional investments and products on a rapid rise. Digital asset manager Grayscale has been at the forefront of bringing crypto investment products into the market, citing the major shift in the mood of institutional players and the massive capital rotation from the Baby Boomers. In what could be the greatest transfer of wealth in history, nearly $80 trillion is likely to move down from the Baby Boomer generation to millennials and GenZ.…

Aave, a decentralized crypto lending platform, experienced a 9% price surge on Aug. 15 morning, positioning it as the top performer in the crypto market. At the time of this report, Aave’s (AAVE) price remained 8% higher, trading at $106.4, with its daily trading volume increasing by 78% to approximately $262 million. The market capitalization of Aave reached $1.57 billion, ranking it 54th among the largest cryptocurrencies. AAVE 24-hour price chart — Aug. 15 | Source: crypto.news Despite the recent surge in price, Aave is still 84% below its all-time high of $661.69, which was recorded in May 18, 2021.…

In an X post titled “A stroll down memory lane,” crypto enthusiast James Murphy, aka MetaLawMan, revisited the U.S. government’s alleged plan to “asphyxiate” the crypto industry. He recalled the crypto sector’s severe downturn in March 2023, triggered by a stringent government crackdown that unfolded over just 18 days. A stroll down memory lane.Our government executes a well coordinated attack to asphyxiate the crypto industry.18 days in March 2023.👇 https://t.co/DUf0EWEKOD — MetaLawMan (@MetaLawMan) September 22, 2024 In a series of X posts during March 2023, MetaLawMan chronicled the government’s systematic actions against the crypto space. He provocatively stated, “When the…

Bitcoin exchange reserves have plummeted to approximately 2.8 million coins—their lowest levels in years. This sharp decline comes amid a sustained price surge from Bitcoin as it keeps testing $70,000, according to data from on-chain analytics platform CryptoQuant. This significant decline in exchange reserves comes at a time when Bitcoin’s price is roughly 10% away from its all-time high price of $73,737, according to CoinGecko data. Bitcoin is trading at $66,700 as of writing. Image: CryptoQuant The trend of decreasing exchange reserves began in early 2022 and has accelerated notably over the past year. However, the chart shows a slight…