Author: NBTC

The BRICS summit just concluded. China and the BRICS bloc are advancing significant projects to reduce their reliance on the U.S. dollar. Together, they aim to challenge the dollar’s dominance in global transactions and reserve holdings by leveraging digital currencies, particularly China’s digital yuan, and developing a new BRICS currency. These initiatives have wide-ranging implications for crypto enthusiasts, finance experts, and global policymakers. China’s Digital Yuan China has taken a multi-phase approach to establish the digital yuan as a central tool in its de-dollarization strategy. Initially, China cracked down on decentralized cryptocurrencies in 2017, later banning crypto mining and trading…

Crypto trading card game Parallel is set to host its Parallel League Championship with a $250,000 prize pool up for grabs early next year, with the event set to take place on March 1-2, 2025 at the HyperX Arena in Las Vegas. Parallel is an Ethereum-based NFT card game that was named as GG’s best crypto game of 2023. This year, the game launched onto the Epic Games Store putting the game in front of 75 million monthly active users, as it began its esports push. This came in the form of the Parallel League, a six-month competitive league in…

The world’s largest cryptocurrency, Bitcoin (BTC), has lost about 4.5% of its value in the last 24 hours, falling to $52,700 at its lowest point. The total market value of BTC has reached the critical level of $1 trillion, along with the declines. Similar declines were observed on the altcoin side as in BTC. However, due to the increasing volatility in the market, a large amount of cryptocurrencies were also liquidated. The data shows that $267 million worth of cryptocurrencies were liquidated in the last 24 hours. $221 million of these were in long positions. A total of 85,109 traders…

This is a segment from the 0xResearch newsletter. To read full editions, subscribe. The total NFT market cap today is about $3.6 billion, down hugely from its heady 2022 peaks. Speculative NFT markets are dead, but the use cases of NFTs are not. Non-fungible tokens as a data format and a unique digital identifier, in the technical sense, continue to be used in productive, non-speculative ways that do not necessarily translate to a number-go-up chart. Take podcasts for instance. Pods.media provides podcasters a way to easily tap into an alternative monetization stream by letting fans mint NFTs of their podcast…

Tokenized treasuries won’t fully replace stablecoins, JPMorgan said. Stablecoins have a regulatory advantage because they are not classified as securities, the report noted. Liquidity in stablecoins is also much higher than tokenized treasuries, the bank said. Stablecoins are unlikely to be fully replaced by tokenized treasuries, JPMorgan (JPM) said in a research report Thursday. It is “conceivable” that over time, tokenized treasuries could replace most of the cash sitting unused within stablecoins, the report said. Still, the bank said a full replacement of stablecoins seems unlikely. This is because tokenized treasuries are at a regulatory disadvantage due to their classification…

Regarding trading, the activities remain volatile in NFT markets. On the 28th of October, 2024, CryptoPunks emerged as the best-seller collection according to the 24H volume. The cryptopunks dominated the market with a trading volume of $ 461.8K, considered valuable in the collector’s market. Some other collections, such as Guild of Guardians and Pudky Penguins, also showed high performance, proving diverse interest in the NFT market. #NFT MARKET OVERVIEW TOP COLLECTION #CryptoPunks – 24H Volume $461.80KTOP SALE… pic.twitter.com/6OumBBhYZ4 — PHOENIX – Crypto News & Analytics (@pnxgrp) October 28, 2024 CryptoPunks Hold Top Spot in 24-Hour Volume CryptoPunks continue solidifying their…

Over the past few days, prominent investors have been increasingly betting on XRP, loading up on the token with their holdings near an all-time high. Specifically, on-chain data from Santiment shows that whales have accumulated over 380 million tokens in the past ten days. Renowned market watcher Ali Martinez brought attention to this development in a post on X. Notably, these investors, who have been accumulating XRP over the past weeks, typically hold between 10 million and 100 million XRP. This move confirms that large investors see potential in XRP over the next few days or weeks. The on-chain data…

Major League Soccer launched a new NFT collectibles platform called MLS Quest on the Sui network Monday, in a team-up with crypto startup Sweet. The free-to-play experience lets soccer fans search for Key Play of the Game Medallions at online and physical pick-up zones across North America, including at real-life MLS matches. Once claimed, the digital medallions will reveal highlights from past and present MLS matches. Fans who collect all four medallions from a single match will complete a “quest” and unlock rewards such as team merchandise, autographed jerseys, tickets, and exclusive experiences. Collecting is now an epic adventure! Dive…

Stablecoin demand and adoption are poised to increase in Bolivia, as a bank has presented a USDT service suite for the first time. Bisa Bank, a private institution, now allows customers to purchase, sell, and keep USDT funds in the bank, leveraging it for remittances and international payments. First Bank in Bolivia Introduces USDT Services Private institutions are now entering the cryptocurrency and stablecoins market in Bolivia. Bisa Bank, the fourth largest banking institution in the country, has recently introduced a suite of stablecoin products to allow customers to purchase, sell, and keep USDT using its services. The inclusion of…

Shytoshi Kusama, the mysterious Shiba Inu lead developer, attended the TOKEN2049 blockchain conference in Singapore this week, continuing his “meet-and-greet” initiative that started earlier this year. Kusama began to appear in public, talk to the SHIB booth’s visitors from the crypto community, and also give interviews to the media. A YouTube crypto blogger Raajeev Anand published a video on his X account, where he briefly speaks to Shytoshi Kusama, hearing an important statement from the SHIB lead. Next 2 week for $SHIB is more Interesting 🤨 @ShytoshiKusama pic.twitter.com/gyTyN3XfP8 — Raajeev Anand (@rajeevanandspur) September 19, 2024 Kusama said that the next…