Author: NBTC
A South Korean government official has reportedly disclosed that around 10% of the country’s domestic trade transactions are conducted using stablecoins, specifically Tether (USDT). Ki Young Ju, founder of CryptoQuant, disclosed this today. The report highlighted the growing use of stablecoins in South Korea’s trade and noted that traders find stablecoins appealing due to their low fees, fast transaction speeds, and bypassing South Korea’s strict foreign exchange regulations. Moreover, using stablecoins, traders avoid SWIFT costs, currency conversion fees, and delays associated with traditional methods. TRON-Based Tether Leading the Charge Amid this disclosure, Ki Young Ju noted that USDT holds a…
Funtico’s CCO says early Web3 games failed due to poor infrastructure but says the industry has shifted its focus to improving this. Collaboration: A Win-Win for Web2 and Web3 Gaming Doron Wesly, Chief Commercial Officer (CCO) at Funtico, argues that early Web3 games struggled to compete with their Web2 counterparts due to limitations in infrastructure. These limitations prevented them from delivering high-quality experiences with the visual appeal necessary to attract Web2 gamers. Wesly further criticizes early Web3 games for their “lame” storytelling and unsatisfying gameplay, which ultimately led to their downfall. Nevertheless, Wesly emphasizes that the industry is actively addressing…
The Graph, a decentralized indexing system that acts like a Google for blockchains, has unveiled a data standard for Web3. Called GRC-20, the standard will define how information is structured, distributed, and linked between decentralized applications, according to The Graph website in a blog post accompanying a proposal from developer Yaniv TAL to improve The Graph. The GRC-20 proposal builds on the concept of knowledge graphs, which Tal introduced in June. “Knowledge is created when information is linked and labeled to attain a higher level of understanding,” the blog explains, with knowledge graphs capturing the connections and relationships between pieces…
In a nuanced shift in cryptocurrency markets, Bitcoin (BTC) appears to be entering a stabilization phase with indicators suggesting traders are moving into an accumulation period. Analysts are noting the tepidly good news despite price fluctuations that have seen the leading cryptocurrency trading at $66,300, down 0.7%, but maintaining a 7% gain over the past two weeks. Ethereum, meanwhile, is down 2% at $2,570, though it too has seen a rise of 5.5% over the last two weeks, according to data from CoinGecko. Market analysts point to several key factors supporting this stabilization thesis. The $1.7 billion reduction in Circle’s…
Over the past month, the rally on the broader market has triggered an unusual boost for Dogecoin (DOGE) investors. According to data from IntoTheBlock, the total number of addresses holding DOGE that are in profit has jumped over the past month. Despite being 77% below its all-time high (ATH) of $0.7376, this metric proves that holding DOGE is now worth the time. Dogecoin profitability: the catch Per the market data, approximately 5.46 million Dogecoin addresses are now in the money. This is more than 85% of the total addresses tracked by IntoTheBlock data. Addresses at the break-even point total 175,000,…
Orbler, a Web3 marketing/crypto platform, has disclosed a strategic collaboration with Zesh App, an AI-powered SocialFi solution. Orbler shared the announcement on the X platform on 22nd November 2024. According to Orbler, the partnership aims to create AI-driven solutions on their blockchain infrastructures to enhance decentralized applications (dApps) functionality and web3 engagement in the crypto landscape. The collaboration focuses on the integration of AI with blockchain technologies to revolutionize how users and development teams interact with the web3 networks. Advancing Web3 Innovation through partnerships The partnership signals a mutual vision between Orbler and Zesh App to users, communities, and developers…
Chief commodity strategist of Bloomberg Intelligence Mike McGlone has taken to his account on the X platform (widely famous as Twitter in the past) to share with the investment community his take on what is happening to Bitcoin and gold and what similarities BTC has with copper. Per his tweet, Bitcoin is underperforming gold so far. Bitcoin surpassed by gold despite strong S&P 500 McGlone published two tweets, talking about Bitcoin and other commodities – gold and copper. Per him, Bitcoin has been lagging behind its physical rival gold even though the stock market currently remains strong. He refers to…
The last few hours have seen massive liquidations on the cryptocurrency market, with CoinGlass data showing that liquidated positions totaled nearly $50 million in one hour. This is quite a lot, but given the abruptness with which some changes occur on this market, it is not surprising. What is surprising, however, is the nature of the liquidations, as 94.67% of this volume was accounted for by long positions opened in the cryptocurrency market’s derivatives segment. Thus, we can say that with the liquidation of $2.55 million of short positions, the volume of liquidation of long positions amounted to almost 17…
Charles Hoskinson, the creator of Cardano and one of Ethereum’s original co-founders, is a misunderstood genius who took the hard road, building a blockchain on foundations of academic research and rigorous engineering. Critics love to dismiss him as a loudmouth; some call him a villain. However, the facts suggest otherwise. Charles is undoubtedly one of the sharpest minds driving the evolution of decentralized technology, and perhaps it’s time we stopped overlooking that. The early days: Ethereum’s first CEO Charles’s crypto story began with Ethereum. In its infancy, Ethereum had a team of co-founders who didn’t exactly see eye-to-eye. Charles’s role…
Despite the fact that the price of Bitcoin (BTC) is turning red and dragging the entire cryptocurrency market with it, some of the proponents of the “digital gold” are undaunted in their urge to buy BTC. One of them is Robert Kiyosaki, the famous author of the business bestseller “Rich Dad Poor Dad.” The author just delivered a new epic statement on his X (formerly Twitter), where he straightforwardly stated that the time to buy more Bitcoin or say goodbye to such an opportunity at current prices is now. As a focal point of Kiyosaki’s statement is the so-called “Uptober,”…