Author: NBTC

In the face of China’s economic downturn and a sluggish stock market, Chinese investors are turning to the crypto market as a safer alternative to traditional investments, despite the government’s crypto ban. Chinese citizens are finding creative ways to enter the crypto market, fueling a thriving underground industry. According to a new report from Reuters, mainland investors can trade tokens like Bitcoin on platforms such as OKX and Binance, as well as engage in over-the-counter transactions. Chinese citizens are also utilizing their $50,000 annual forex purchase quotas to move money into cryptocurrency accounts in Hong Kong, leveraging the territory’s open…

Charles Hoskinson, co-founder of Cardano, joined Discovery Crypto to discuss his thoughts about the state of the crypto space, what current developments in the industry suggest, and the network’s future as the “Taylor Swift of Blockchains.” Cardano’s Big Reputation The recent interview sparked a discussion about Cardano’s relationship with crypto exchanges like Gemini and other figures in the crypto industry, as the interviewers suggested there appears to be a “coordinated effort to minimize Cardano’s impact.” During this discussion, Charles Hoskinson noted that most players in the crypto space seem to “fear” Cardano for “doing everything right” since the beginning. Hoskinson…

The latest US inflation data significantly impacted the Bitcoin price and most of the cryptocurrency market, with some exceptions. According to a report from the Labor Department, inflation rose more than expected in January, driven by higher shelter prices. Furthermore, the consumer price index (CPI), which measures the prices consumers face for goods and services across the economy, saw a 0.3% increase for the month. On a 12-month basis, the CPI stood at 3.1%, slightly lower than December’s 3.4%. Bitcoin Price Retreats Amid Higher-Than-Expected CPI Figures According to recent reports, the higher-than-expected CPI figures could pose challenges for the Federal…

Ethereum is potentially facing a significant bug that has emerged, previously only assumed as a hypothetical scenario in discussions among the developer and validator community back in March 2022, but now it looms as a potential threat that could become a reality. This bug concerns the Ethereum staking mechanism and how the network reaches consensus. In essence, if a majority client, holding more than 2/3 of the stake, has a bug, it could inadvertently build an invalid chain that the network would consider finalized due to the majority stake’s “agreement.” Am I missing something?According to this, validators would lose ~.01…

Speculating on low-liquidity cryptocurrencies is risky but sometimes rewarding. A crypto trader recently beat the risk of ruin, turning $3,000 to more than $651,000 in 19 hours. Lookonchain reported this successful trading story on X (formerly Twitter) on January 25 at 06:25 am (UTC). At that time, the trader held 314.9 trillion SNOW worth around $535,000. Notably, the address ‘0xf8a…F8683’ started with a purchase of 386.94 trillion SNOW for 1.31 ETH, worth $2,931. First, he sold 72 trillion tokens for 53.4 ETH, worth $119,000. Thus, realizing a profit of 52.09 ETH ($116,000). Snowman (SNOW) analysis on Uniswap Snowman (SNOW) is…

1 The coins based on some internet memes are called meme coins and are used as other cryptocurrencies. 2 Meme coins are highly volatile and risky among the crypto asset class. 3 The popularity and growth of the coin depend on the virality of the underlying meme. Meme coins refer to cryptocurrencies named after individuals, characters, animals, artwork, or anything else that can be imitated. Most of these coins get support from online crypto enthusiasts and followers. These followers and enthusiasts are generally intended to be light-hearted and fun. These cryptos are highly risky investments, but some users find them…

Emotional resilience is key in Bitcoin’s current bull market. Minor price fluctuations should not induce panic among investors. The golden bull phase signals the approach of new all-time highs. The cryptocurrency market, particularly Bitcoin, is entering what many are calling a golden bull phase, marked by significant optimism and potential for new all-time highs (ATH). However, with this bullish momentum comes increased volatility, including occasional price dumps that can test the emotional resilience of investors. The key to navigating this market successfully lies not just in strategic financial decisions but in managing one’s emotions amidst the inevitable ups and downs.…

XSY, the most recent enterprise established by Input Output Global, is being introduced. Another noteworthy development is that IOG appointed David Marley as the COO and W. Sean Ford as the CEO. This pertains to an emerging stablecoin initiative. An economic engine that seeks to bring new development and open the way for possibilities relating to everyone in their community is at the heart of every blockchain ecosystem. This is typically accomplished via two methods: application development and the construction of diverse digital assets, including NFTs, tokens, stablecoins, and others. This invariably contributes to the development of a token that…

The Ethereum Foundation reportedly sold another 700 ETH for 1.68 million DAI at an average price of $2,406. The transaction was carried out over two addresses, 0xbc9 and 0xd77, in the last 40 minutes. Here’s a breakdown of the process: Ethereum Foundation (0xde0) transferred 2,000 ETH to wallet 0xbc9 on January 10 and 11, 2024. Wallet 0xbc9 transferred 700 ETH to wallet 0xd77 50 minutes ago. Wallet 0xd77 then sold 700 ETH via Cow Protocol for 1.68 million DAI. Finally, wallet 0xd77 sent 1.68 million DAI to the Ethereum Foundation (0x9ee). In total, over the last six days the Ethereum…

Web3Intelligence, the developer of Web3 investment app Dopamine, has raised $4.5 million ahead of the launch of of its native token DOPE. The private funding round included participation from DAO MAKER, Shima Capital, and Gate.io, among other investors, according to an emailed announcement shared with CoinDesk on Thursday. DOPE will serve as a utility token for accessing Dopamine, which provides a gamified experience for investment in the decentralized finance (DeFi) world. The token set to be available on popular centralized exchanges and decentralized exchanges in the first quarter, the statement said. Institutions holding DOPE would also get access to Web3Intelligence’s…