Author: NBTC
As the next Bitcoin halving event approaches, the infamous volatility of the Bitcoin price is intensifying, making it increasingly difficult to predict what comes next. According to the latest information, the Bitcoin halving event will take place on Saturday around 04:11 Turkey time (UTC+3). CryptoQuant Research Manager Julio Moreno stated that the selling pressure from traders has actually decreased because these traders have realized all their profits. According to CryptoQuant’s measurements, the “realized price of short-term wallets” is almost equal to the BTC market price. This suggests that short-term traders are no longer collectively making significant profits that would motivate…
Despite a shaky 2022 and a challenging 2023, Shiba Inu remains dedicated to its vision of building a comprehensive crypto ecosystem. Following the development of its metaverse and layer 2 chain, Shiba Inu is now ramping up efforts for its new privacy-centric layer 3 blockchain. Last month, the project team announced that it successfully raised $12 million through the sale of its not-yet-released token, TREAT, the utility and governance token for its layer 3 chain. Bill Qian, Chairman of Cypher Capital, one of the initiative’s major backers, recently joined Crypto Briefing to discuss the future of memecoins, layer 3, and…
Heather Slavkin Corzo, the policy director at the U.S. Securities and Exchange Commission, is leaving the agency, according to a Friday press release. SEC Chair Gary Gensler has described Corzo as one of his “most trusted advisers.” He praised her for bolstering investor protections and enhancing events for capital formation. Some of Corzo’s achievements include passing the market fund reform, shortening the settlement cycle, and enhancing corporate disclosure about material cyber events. Corzo was one of Gensler’s first staff appointments after the latter took the reins of the SEC. She joined the agency back in April 2021 in order to…
The cryptocurrency exchange Bybit has experienced significant growth over the past year and, after five years of operation, has surpassed 20 million users. However, its expansion is not as dynamic in some regions due to local regulatory challenges. One such example is France, where the local financial commission, AMF, blacklisted Bybit two years ago. Now, the national regulator issued a new warning to retail investors about the exchange, reminding of its lack of authorization in this part of Europe. Under French law, digital asset service providers (DASPs) must register with the AMF before offering services connected to digital assets, including…
Canaan Inc. (NASDAQ: CAN) reported its unaudited financial results for the first quarter of 2024, ending March 31. The company announced revenues of $35.1 million, exceeding its previous guidance of $33 million by 6%. Mining revenue saw a significant sequential increase of 182.1%, reaching $10.5 million. The company also achieved a milestone by surpassing 1,000 Bitcoins (BTC) held, ending the quarter with 1,057 Bitcoins. Net loss for the quarter was $39.4 million, narrowed by 71.7% sequentially and 53.3% year-over-year. Canaan’s CEO, Mr. Nangeng Zhang, attributed the strong performance to strategic foresight and resilience, especially as the company navigated through the…
Bitcoin and altcoins, which suffered a sharp decline after Iran’s attack against Israel over the weekend, are trying to recover before the halving. However, as the tension between the two countries continued, Israel retaliated against Iran and launched a counter-attack at night. Negatively affected by the news of this attack, Bitcoin fell below $ 60,000 and Ethereum fell below $ 2,900. However, the market then recovered and BTC rose above $64,000 and ETH rose above 3,000. While there are only a few hours left until the Bitcoin Halving, these volatile movements in BTC and altcoins make investors nervous, while there…
TON surpassed the $200 million mark in TVL on Monday. The Open League continues to strengthen TON’s reach and integrations. The TON ecosystem is gaining relevance with more protocol integrations. In a recent development, the TON network surpassed $200 million in total value locked (TVL) on Monday after seeing a major boost through The Open League reward program. Read more: Ton Foundation partners with Hashkey to enable crypto on-ramping for Telegram wallet users TON’s growth following The Open League reward program The TON network has attained a significant milestone by surpassing the $200 million mark in Total Value Locked (TVL)…
The virtual asset management provider HashKey Capital Limited has secured both Type 4 and upgraded Type 9 licenses from the Securities and Futures Commission (SFC), becoming the first licensed corporation to offer a complete suite of securities and virtual asset management and advisory services to retail investors in Hong Kong. Representatives of the company told Finance Magnates that this move aims to position HashKey Capital as one of the leading cryptocurrency firms operating in the region. The Type 4 license, obtained under license number BOP237, authorizes HashKey Capital to provide securities and virtual asset advisory services, subject to conditions such…
The Russian mining market is experiencing unprecedented growth. Experts predict that crypto mining volumes will increase by 20-40% by the end of this year. Local media Kommersant reports that Russia currently ranks second in terms of mining volumes, following the United States. However, the lack of industry regulation may negatively impact this situation. Crypto Mining in Russia is Still Profitable, but Will It Be Sustained? The domestic crypto mining market is expanding at a record pace and shows significant potential for further growth. Last year, Russian companies mined about 54,000 Bitcoin (BTC) worth $3.5 billion. Meanwhile, mining capacity reached 2.2…
LONDON, April 19 (Reuters) – Bitcoin enthusiasts were eagerly waiting for bitcoin’s ‘halving’ on Friday – a change to the cryptocurrency’s underlying technology designed to cut the rate at which new bitcoins are created. The halving, which happens roughly every four years, was written into Bitcoin’s code at its inception by pseudonymous creator Satoshi Nakamoto as a way to reduce the rate at which bitcoins are created. Chris Gannatti, Global Head of Research at asset manager WisdomTree, which markets bitcoin exchange-traded funds, called the halving “one of the biggest events in crypto this year”. According to CoinGecko’s countdown clock, the…