Author: NBTC
Amid rising geopolitical tensions, the US government is contemplating imposing sanctions on certain Chinese banks. According to a report by the Wall Street Journal, these measures aim to disconnect these banks from the global financial system. The primary concern is their involvement in facilitating trade that bolsters Russia’s military capabilities against Ukraine. Will China Resort to Crypto if the US Imposes Sanctions? Although China claims that it has not provided weapons to Russia since the Ukraine invasion began, the US argues that the export of dual-use items like chips and machinery has critically strengthened Russia’s military. These proposed sanctions are…
Leading canine-themed token Shiba Inu has become a Gold Sponsor of this year’s TOKEN2049 conference, which will take place in Dubai this month. The team behind the Shiba Inu ecosystem announced the impressive achievement in a recent post on X, underscoring its growing global recognition in the cryptocurrency industry. We’re excited to announce we’re Gold Sponsor at @token2049 Dubai (April 18-19)! To celebrate, we’re giving away 1 FREE ticket! Like & RT to enter. See you there! #TOKEN2049 #Shibtoken pic.twitter.com/liR4UsQctT — Shib (@Shibtoken) April 2, 2024 Scheduled for April 18 and 19, the two-day meeting will host some of the…
Amidst discussions about banning Bitcoin mining in Paraguay, one Senator has praised the industry as a “gift from heaven” to the economy. Bitcoin mining is a passive method of earning BTC which could turn hugely profitable after the recent halving. Bitcoin mining remains a contentious topic for a majority of governments around the world. While some have recognized the potential to spur economic growth, others raise environmental concerns. Paraguay is among the countries struggling with the decision to either ban mining or keep growing the industry. At the heart of the debate is figuring out how Paraguay can spend its…
SHIB, a global leader in the decentralized finance (DeFi) cryptocurrency space with millions of users, said today that it has moved its decentralized exchange, ShibaSwap, from Ethereum to the Shibarium blockchain. The change represents the fundamental improvement in ShibaSwap’s evolution into “ShibaSwap,” empowering creators, cultivating relationships, and propelling innovation on Shibarium.Powered by Shibarium, ShibaSwap will provide a range of new decentralized app (Dapp) utilities and decentralized exchange services, such as: Bridging a range of new tokens that will make them native to ShibaSwap. Improved liquidity pools and characteristics of decentralized finance (DeFi). Novel farming contracts created especially to reward early…
Ethereum topped Thursday’s non-fungible token (NFT) market with over US$23 million in sales, CryptoSlam data shows. Over half of those sales came from CryptoPunks 635, which was sold for US$12.4 million at Larva Labs marketplace. Ethereum saw a total of 16,363 transactions conducted by 1,770 unique buyers and 1,354 unique sellers. Ethereum ended a 20-day streak of daily sales below US$10 million. This daily performance contributes to Ethereum’s all-time sales volume, which now stands at approximately US$43.64 billion from nearly 47.56 million transactions. Bitcoin and Solana followed, with daily sales reaching US$6.67 million and US$3.72 million, respectively. This marks the…
The number of addresses holding stablecoins has risen 15% this year. Rating agency S&P 500 said regulatory clarity could bring banks into the stablecoin market. Stablecoins are hotter than ever. The number of addresses holding dollar and crypto-pegged stablecoins has increased 15% this year to above 93.6 million, the highest on record, according to data source rwa.xyz. Stablecoins are cryptocurrencies with values pegged to an external reference, like the U.S. dollar. They can be broadly categorized as fiat-backed, crypto-backed, or algorithmic stablecoins. As of the time of writing, there are 35 stablecoins in existence, boasting a combined market capitalization of…
The price of Bitcoin (BTC) has broken All-Time Highs (ATHs) against multiple currencies amid an ongoing shift in investor sentiment. As shared on X by MicroStrategy Founder and Chairman Michael Saylor, the interest in Bitcoin is hitting an “all-time high everywhere in the world.” While the reference valuation of Bitcoin is measured using the United States Dollar, the differences in the worth of fiat currencies based on devaluation over time have triggered different ATH across the board. In general, Bitcoin is worth much more than it was a year ago in nearly every country. Bitcoin Historic Levels In Major Economies…
Amid discussions within the XRP community, Ripple’s Chief Technology Officer David Schwartz recently shed light on the dynamics between Ripple shares and XRP, sparking curiosity as the crypto company explores plans for an initial public offering (IPO). Schwartz’s remarks surfaced during a lively exchange in the community, where enthusiasts sought clarity on his stance regarding Ripple shares versus XRP. Addressing queries about his preference, Schwartz highlighted the liquidity disparity between XRP and privately-held company stocks, emphasizing the former’s superior liquidity. The conversation delved into the complexities of stock ownership, with enthusiasts speculating on Schwartz’s potential motives and considerations. Some speculated…
Discover ways of funding blockchain projects. From bootstrapping to ICOs, learn how to secure funding for your venture and drive success. Table of Contents What is a blockchain fund, and how does it work? Ways to fund your blockchain project What is bootstrapping? What is venture capital? What is crowdfunding? What are peer-to-peer loans? What is an initial coin offering? Final thoughts on funding blockchain The success or failure of an entrepreneurial venture is closely tied to how much liquidity the startup has. That is no different in the crypto economy. You can develop the most innovative, world-changing technology, but…
Elastos (ELA), the native token of the decentralized blockchain platform aimed at creating a secure and scalable Internet, experienced a substantial price increase of over 45%. As of the latest reports, ELA was trading at $5.14, with its 24-hour trading volume witnessing a remarkable 566% surge, reaching $22 million. This uptick in price and trading volume has propelled ELA into the trending topics in the U.S. digital currency market. ELA 24-hour price chart | Source: CoinMarketCap Several pivotal developments have been attributed to this remarkable price increase. Notably, on March 3, crypto exchange Gate.io introduced ELA/USDT perpetual contract trading, utilizing…