Author: NBTC
Over the last 90 days, the stablecoin economy expanded by over 11%, with $16.23 billion infused into the market of fiat-pegged crypto tokens. In the past 30 days, USDE, the fourth largest U.S. dollar-pegged coin, experienced a 46.1% increase in its supply. Stablecoin Market Swelled Last Season; USDE Climbs to Fourth Largest Dollar-Pegged Token While the past month has seen minimal growth in the stablecoin economy, the previous 90 days have welcomed an influx of $16.23 billion. For example, on March 11, the market cap of tether (USDT) was $101.18 billion, which has climbed to $112.5 billion today. This indicates…
Bitcoin’s (BTC) price has experienced a slight downturn in the past 24 hours, failing to surpass the $71,426 resistance level. Despite this, the cryptocurrency faces minimal resistance as it approaches a significant supply zone between $70,180 and $70,600, where over 450,000 addresses have purchased approximately 273,000 BTC. BTC chart (source: X) The robust support levels established below this zone reinforce the potential for bullish momentum to prevail, even amidst market fluctuations. Bitcoin Price Consolidations The recent market behavior shows Bitcoin’s price consolidating near critical resistance levels, with the $70,180 to $70,600 range being the pivotal zone for future price actions.…
Dominik Schiener emphasized IOTA’s strategic shift towards Real-World Asset (RWA) tokenization, aiming to digitize billions of assets onto the ecosystem. Schiener emphasized IOTA’s pioneering use of Directed Acyclic Graph (DAG) technology, distinguishing it from other cryptocurrencies and enabling seamless collaboration with various entities globally. Collin Brown: Mr. Schiener, thank you for taking the time for this interview. Let’s start with a basic question: What inspired you to found IOTA? Dominik Sheiner: When crypto started to take off, it was driven by a strong ethos to cut out middlemen and give back control to its users. Bitcoin was a tremendous inspiration…
The following is an excerpt on Bitcoin Pizza Day from “Fiat Ruins Everything” by Jimmy Song. Visit the Bitcoin Magazine Store to order a print, digital or audio copy of the book. Pizza Day is often viewed with a sense of regret. The well-known story goes like this: many years ago, Laszlo Hanyecz bought two Papa John’s pizzas, and in return, some fortunate person received 10,000 BTC.236 This tale resembles that of Peter Minuit purchasing Manhattan Island for a mere $24. It’s hard to believe such a transaction took place, considering the current value. The story has several intriguing aspects.…
Cardano Node 9.0 is set to launch in June. This update will prepare the blockchain platform for the much-anticipated Chang fork. Cardano’s founder, Charles Hoskinson, recently shared this major development on X. Also Read: Cardano Price Prediction 2024-2033 Hoskinson mentioned that the hard fork can occur once 70% of the Stake Pool Operators (SPOs) install the new node. This will propel Cardano into the Voltaire era, marking a state of full decentralization—a huge milestone for the network and the entire blockchain industry. Hoskinson called it the most significant event in Cardano’s history. Cardano has a bright future ahead, says Hoskinson…
New trends in digital currencies suggest positive changes, particularly for Bitcoin and Ethereum, as financial experts have noted. Specifically, on May 18, there was an alert for Bitcoin ETFs, which showed an excellent opportunity to trade. This was backed by another analysis on May 20 that showed an upward trend in the Bitcoin Greed & Fear Index. These consecutive reports indicate a growing opinion that FOMO may soon drive markets forward as more substantial investments return to cryptocurrencies again. Analysts at the firm turned notably more upbeat on Bitcoin during a strategy broadcast to paying customers on May 16. They…
Fidelity has amended its S-1 filing for a spot Ethereum ETF, according to documents filed with the U.S. Securities and Exchange Commission (SEC) on Friday. The asset management firm is the first to file an amended S-1 Registration Statement with the SEC, kicking off what ETF analysts say could be a busy day for firms looking to secure approval to list spot Ether ETFs. Fidelity’s amends S-1 filing Fidelity’s filing disclosed a $4.7 million seed investment for its ETF, with affiliate FMR Capital having purchased 125,000 shares to seed the funds’ basket. The company said in the filing that FMR…
BNB, a cryptocurrency linked to Binance and its now-imprisoned co-founder Changpeng Zhao, rose to a record high in the first week of Zhao’s four-month prison sentence in the US. This rise also underscores Zhao’s position as the richest person in a US federal prison. Zhao surrendered to a California prison on Tuesday to begin a four-month prison sentence for failing to properly protect the world’s largest crypto exchange from money laundering. According to data from CoinGecko, the BNB price climbed to $717.48 on Thursday, increasing its market value to $109 billion. The token has more than doubled in price since…
American financier Anthony Scaramucci, the founder and managing partner of New York-based investment firm SkyBridge Capital, has defended MicroStrategy co-founder Michael Saylor against a critic who has accused the latter of damaging Bitcoin more than helping it. Scaramucci slammed the caustic comment as “complete nonsense,” adding that Saylor has been “Sherpa” for many of us. He added that the MicroStrategy co-founder was “the best explainer of Bitcoin” in the cryptocurrency community. Most cryptocurrency commentators have sided with Scaramucci, arguing that it would be ludicrous to view Saylor’s influence as negative considering his dedication. However, there were also those who recalled…
Roham Gharegozlou founded Dapper Labs, bringing mainstream attention to NFTs with CryptoKitties and NBA Top Shot. Dapper Labs raised $555 million in 2023, expanding into the sports, music, and entertainment sectors. Roham Gharegozlou, the mastermind behind Dapper Labs, is a blockchain innovator. Gharegozlou entered the area of digital innovation early on because he was naturally curious about technology. His first affiliate website, which demonstrated his technological expertise and entrepreneurial enthusiasm, was created when he was just fourteen years old. This early technological adventure laid the groundwork for what would eventually become a revolutionary career. Along the way, Gharegozlou attended Stanford…