Author: NBTC
Within the scope of regulatory efforts regarding cryptocurrencies in Turkey, the “Law on Amendments to the Capital Markets Law” numbered 518, known to the public as the “cryptocurrency law”, entered into force at the beginning of July upon its publication in the Official Gazette on 02.07.2024. With this law, the Capital Markets Board (CMB) was given the authority to regulate and supervise cryptocurrency service providers, and on August 5, it published a temporary list of institutions that declared that they would liquidate their activities and institutions that declared that they would continue their activities. QNB, one of the major banks…
AgoraHub has declared a strategic change in its ecosystem, which will be aimed at decentralizing $AGA token liquidity by listing on DEXs only, starting with Uniswap and subsequently, SwissBorg. This strategic decision echoes with the vision of its partners, namely SwissBorg, BorgPad, and XBorg, and pursues the goal of implementing Web3 values such as transparency, cost-efficiency, and control over liquidity. 🥳 Exciting News for Agorians!We’re taking $AGA to the next level with a shift towards centralized on-chain liquidity, focusing on DEXs to boost transparency and community control! This evolution, aligned with our partners @swissborg, @BorgPadHQ, and @XBorgHQ, reinforces our… pic.twitter.com/Pi2LYDpuXA…
Bitcoin surged to $73,600 on Tuesday, putting in a classic bull run rally. This pushed the cryptocurrency into significant resistance, less than $200 away from its all-time high. An Altcoin Buzz podcast analyst said that reaching this region could trigger a dip in Bitcoin’s price. However, he did not predict how far the dip would go to determine whether the Bitcoin bull run had started or if the recent rally was a bull trap. Consistent with the analyst’s prediction, Bitcoin pulled back after Tuesday’s price surge, trading for $72,428 at the time of writing. The pullback so far seems typical…
Prediction market Polymarket shot to prominence amid the recent U.S. election, attracting monthly trading volume just shy of $2.5 billion in October with over $1.2 billion more already racked up in November. Some users made millions betting on the election—but ultimately, data suggests that most bettors have actually lost money using the platform to date. Polymarket has allowed users to bet on most events and cultural questions circulating this year, from who will win the U.S. Presidential election to which actor will be the next James Bond. It’s been around for years, but exploded in popularity over the course of…
CRO, the native token for the Cronos blockchain, has seen a remarkable 47% increase this week. This development has gained attention from investors and the wider cryptocurrency community. This price rise comes amid an overall boost in the market, but the main reason for this growth hinges on a major announcement from Cronos Labs. Cronos Labs Expands Partnership with Google Cloud According to a blog post, the blockchain firm announced a new partnership with Google Cloud. This partnership adds credibility and is expected to accelerate technology and community growth. – Advertisement – Cronos Labs has made Google the main cloud…
Sophisticated investors and high-net-worth individuals often use over-the-counter desks to execute trades without directly affecting the spot-market price. In the past five months, OTC desks have seen a rise of over 200,000 BTC, one of the highest levels recorded in recent years. As bitcoin (BTC) approaches a record high, sophisticated investors appear to be taking steps to trade without influencing the price in the spot market. At about $72,300 as of noon in Europe, the largest cryptocurrency by market value is less than 2% below the $73,798 record set in March, according to CoinDesk Indices data. Bitcoin has jumped about…
The Fed is likely to cut interest rates today, a second time in response to inflationary pressures weighing on the American people. According to the latest data from cryptocurrency prediction platform Polymarket, investors expect the FED to cut rates by 25 basis points with a 99% probability. But the recent presidential election has introduced a new layer of uncertainty into the Fed’s future path, especially given President-elect Donald Trump’s economic agenda, which some analysts warn could fuel inflation. Trump’s proposals, such as tariffs on imports and mass deportations, are expected to put upward pressure on inflation and complicate the Fed’s…
“Ethereum killer” Solana is on track to join the prestigious “$100 billion club,” according to Bitwise CEO Hunter Horsley. The market capitalization of the fourth-largest cryptocurrency currently stands at $96.8 billion. The token is up by 1.3% over the past 24 hours. Earlier this year, Solana found itself at the center of a meme coin frenzy. According to data provided by Dune Analytics, Pump.fun, a Solana-based meme coin factory, has logged $1.9 billion in volume over the past two weeks. Moreover, the popular token issuer has now surpassed 1.1 million in total SOL fees. More than 3.1 million tokens have…
According to the latest information, the FED cut interest rates by 25 basis points as expected. After the interest rate decision, all markets will be at the press conference to be held by FED Chairman Jerome Powell at 22:30. We will also broadcast this meeting live to you as Bitcoinsistemi.com. James Ragan, director of asset management research at DA Davidson, said Powell’s outlook for the labor market could be a key focus at the meeting. “The biggest thing he could talk about is the labor market,” Ragan told CNBC, referring to a weaker-than-expected nonfarm payrolls report that showed only 12,000…
It has been over ten months, and through 2024, tether (USDT), the leading stablecoin by market value, has expanded its supply by 34.27%. Tether’s USDT Expands by 34% in 2024 Over the past year, USDT’s supply climbed by 34.27%, rising from $91.73 billion to $123.17 billion. Tether, launched nine years and eight months ago with a market cap of just $304,476, now holds a staggering $123.17 billion valuation, marking a growth of over 40,000,000%. In contrast, its closest competitor by market cap, usd coin (USDC), saw a 50.57% increase since Jan. 1. Of the 123.2 billion USDT in circulation, 61.79…