Author: NBTC
Chinese public game developer Linekong Interactive plans to purchase $6 million in Bitcoin and Ethereum. In a regulatory filing with the Stock Exchange of Hong Kong on Jan. 21, Linekong Interactive proposed a revision of its previously approved transaction to buy up to $5 million in Bitcoin (BTC) and Ethereum (ETH). Now, the Hong Kong-based game developer wants to increase that cap to $6 million, citing the rapid rise in crypto prices. “The company believes these revisions would provide flexibility to the board in capturing fleeting opportunities in the highly volatile cryptocurrency market.” Linekong Interactive You might also like: China…
The ERC-404 token sector is recording a significant decline after a week of rapid growth. According to Coingecko, the ERC-404 sector has significantly declined in the last 24 hours, with total market capitalization falling 33% to $163 million. Key tokens such as PANDORA have fallen over 24%, while DEFROG has declined 26%, and RUG in the red 31%. Source: Coingecko PANDORA, one of the most popular ERC-404 tokens, sank after a week of rapid growth. Over the past seven days, the coin has risen in price by almost 800%, to $14,743 at the time of writing. Source: Coingecko Pandora is…
The crypto market enthusiasts rejoice as the Bitcoin price surges past the $50,000 mark for the first time since December 2021, marking a significant milestone in its journey. Meanwhile, the rally comes amid a flurry of positive developments in the crypto space, signaling renewed investor interest and optimism. So, let’s delve into the key factors driving this surge and what it means for the future of digital assets. Why Is Bitcoin Price Rising? Bitcoin’s meteoric rise to $50,000 today can be largely attributed to the recent approval of Spot Bitcoin ETFs by the U.S. Securities and Exchange Commission (SEC), marking…
1inch, a leading DeFi (decentralized finance) platform, has unveiled an exclusive upgrade aimed at enhancing efficiency and reducing transaction costs for its users. The upgrade, which includes improvements for the 1inch Swap and limit order functionality, promises savings of up to 16 percent on transaction costs. Enhanced Efficiency and Streamlined Trading: 1inch Latest Innovations The upgrade introduces several key improvements. Firstly, 1inch’s swap router, renowned for its optimizations, has undergone further enhancements. The enhancements have resulted in reduced gas usage by up to 16% across common routes, particularly utilizing protocols such as Uniswap v2 and v3. Additionally, the upgraded Limit…
ETH surpasses $2,550 resistance, eyes $2,800 breakout for a potential uptrend toward $3,000. Ethereum daily transactions on the blockchain peaked at a three-year high of around 1.96M. In the wake of Bitcoin’s consolidation following the approval of ETFs, Ethereum (ETH) has emerged as a frontrunner in the crypto market, making notable strides with a 1.65% surge, currently trading at $2,567 with a market cap of $308 billion. The second largest cryptocurrency, ETH, is currently undergoing a corrective phase, marked by a recent sharp downturn evident in intraday time frames. Despite this, Ethereum has been striving to surpass its recent high…
China is facing renewed currency depreciation as the lingering threat of deflationary economic nosedive, and property market malaise has foreign investors pulling capital out of the country. The latest measures taken by Beijing to address the issue present a downside risk to bitcoin (BTC) through the foreign exchange channel, according to one observer. The tightly controlled Chinese yuan (CNY) has declined 1.39% against the U.S. dollar, with its offshore Hong Kong version, CNH, registering a 1.25% drop. China’s benchmark equity index, the Shanghai Composite, has dropped over 7% to its lowest since March 2020, according to data from the charting…
As Bitcoin (BTC) finally surpassed the critical psychological price mark at $50,000 for the first time since 2021 and continued up, close to $40 billion has flown into its market capitalization in the last day alone, bringing excitement all across the cryptocurrency sector. Indeed, Bitcoin’s market cap raced from $945.31 billion to $982.41 billion in a matter of 24 hours, which means it has added as much as $37.1 billion and grown by 3.93% during this period, according to the latest information retrieved from crypto market monitoring platform CoinMarketCapon February 13. Bitcoin price analysis Meanwhile, the maiden crypto asset was…
While the Bitcoin price has been consolidating largely post the ETF approval, Ethereum has been making strong moves upside, thereby closing the gap with BTC. At press time, the Ethereum price is trading 1.44% up at a price of $2,564 with a market cap of $308 billion. The Ethereum Price Dominance According to insights provided by on-chain data provider Santiment, Ethereum’s price dominance has experienced a notable surge against Bitcoin, marking a +22.4% increase over the past week. This period has witnessed the creation of 89.4K new Ethereum addresses per day, further underscoring the platform’s growing traction. Notably, a staggering…
Crossborder Capital’s Michael Howell, a veteran in global finance, offered a liquidity-based view on the current state of the economy. He challenged the prevailing narrative of monetary tightening with evidence of a rise in liquidity, which in turn should uplift stocks, gold, and cryptocurrencies. Michael Howell of Crossborder Capital Focused on Rising Global Liquidity and Its Market Impact Michael Howell is the founder and CEO of Crossborder Capital, a London-based FCA registered, independent research and investment company with over $1 billion assets under management. Previously he was Head of Research for Baring Securities and Research Director of Solomon Brothers. With…
Artificial intelligence (AI) intelligence platform Token Metrics has highlighted OpenAI CEO Sam Altman’s pursuit of trillions of dollars for a new AI chip project as a potentially significant opportunity for AI crypto tokens. The intelligence platform declared that if Altman is successful, there is a potential to see AI crypto coins go “parabolic.” OpenAI’s Actions Could Drive Significant Growth for AI Crypto Tokens A recent report from The Wall Street Journal states that Altman is engaging in discussions with the United Arab Emirates (UAE) to secure between $5 trillion and $7 trillion in fundraising. This is in an effort to…