Author: NBTC
Azerbaijan is taking a cautious approach to the development of a central bank digital currency, citing concerns over monetary policy and financial stability. The Central Bank of Azerbaijan hasn’t made plans to issue a central bank digital currency at this time, although it’s actively observing the experiences of banks in other countries, local media reports citing central bank governor Taleh Kazimov. During a press conference on July 31, Kazimov expressed interest in the technological potential of CBDCs but emphasized a preference for observing international developments and pilot projects before making any decisions. “We are not currently planning to issue a…
Looking at crypto news headlines, it would seem initially that Solana has firmly established itself as the home of DePIN. From Hivemapper to Helium, some of the most well-known DePIN projects are built on this blockchain. But when we explored Solana as a blockchain on which to build our project, something didn’t quite add up. So, after getting our analytical hats on and running the requisite due diligence checks, we decided to go with Sui over Solana. This op-ed is part of CoinDesk’s new DePIN Vertical, covering the emerging industry of decentralized physical infrastructure. The first thing that gave us…
While the stablecoin economy experienced tepid growth in June, it expanded by $344.15 million over the past seven days. Paypal’s PYUSD, currently the eighth largest stablecoin by market capitalization, led the growth over the past 30 days, increasing 41.2% to reach $585.25 million. Stablecoin Economy Grows as Bitcoin and Ethereum Prices Rise Bitcoin and ethereum prices rose 12.4% and 11.2%, respectively, against the U.S. dollar over the last week. Alongside this increase, the stablecoin economy grew by 0.21%. On July 10, 2024, the stablecoin market was valued at $162.81 billion; today, July 17, it stands at $163.16 billion. Tether (USDT)…
Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and it’s where we find the largest publicly traded BTC miners. But which one is the biggest? Let’s find out! Marathon Digital Holdings (NASDAQ: MARA) is the undisputed leader in the industry, with a market capitalization approaching $6 billion. The company’s stock has gained more than fivefold since its low at the end of the crypto winter, currently trading at around $20 per share. CleanSpark (NASDAQ:…
Outstanding Bitcoin supporter Samson Mow has taken to his X handle to remind the global crypto community about his expectations for Bitcoin to reach $1 million. Earlier this month, Mow predicted that the world’s leading cryptocurrency was going to reach $1 million next year. Later, in an interview, however, he added that even if it does not happen this year or in next one, this historic price peak will be taken by BTC very soon. Samson Mow expects Bitcoin to hit $1 million Mow, has reposted a tweet about an X user urging BTC to skyrocket to $1 million. The…
Ledn processed over $1.16 billion in digital asset loans in the first half of the year. The bitcoin halving and the launch of ether ETFs in Asia drove increased demand for the company’s services in the second quarter. The platform saw a 29.8% jump in retail lending in Q2. Ledn, a crypto lending platform, processed over $1.16 billion in digital asset loans in the first half of 2024, the company said on Thursday. Events such as the recent bitcoin (BTC) halving and the launch of ether (ETH) exchange-traded funds (ETFs) in Asia contributed to growing demand for the company’s services…
A leading cryptocurrency self-custody wallet, Tangem, has recently announced it added support for Cardano native tokens, in a move that allows users to secure store and manage their ADA holdings alongside Cardano-based assets like Iagon (IAG) and SingularityNET (AGIX). In a post published on the microblogging platform X (formerly known as Twitter), the team behind Tangem urged users to update their mobile apps to take advantage of this new functionality. The update enables users to find and manage their Cardano tokens within the “Manage Token” section. Staking for Cardano is notably not yet available on the wallet, although Tangem assured…
Quinn Thompson, CEO of Lekker Capital, forecasts Bitcoin at $100K and Ethereum at $7K by November, citing upcoming catalysts like ETFs and elections. In a recent post on the social media platform X, Quinn Thompson, Founder and CEO at Lekker Capital, expressed his bullish outlook on the crypto market, particularly BTC and ETH. Thompson believes that Bitcoin (BTC) and Ethereum (ETH) are currently presenting one of the most attractive buying opportunities in recent memory. Title: We are amidst one of the most obvious and attractive crypto buying opportunities of recent memory. Subtitle: While the market has completely reset, the structurally…
MetaDAO, a Solana-based governance experiment, raised millions of dollars from venture backers who think prediction markets should decide event outcomes. Paradigm led the funding round for a months-old project that is building governance structures that rely on market forces rather than votes. Political bettors are pouring hundreds of millions of dollars into their expected outcomes on crypto-powered prediction markets: for example, who Vice President Kamala Harris will pick as her running mate. MetaDAO takes the idea further: the Solana-based governance experiment just raised millions of dollars from venture backers who think prediction markets should decide outcomes. VC giant Paradigm recently…
Bitcoin has experienced considerable gains over the past week, which has impacted the entire market landscape. In this dynamic environment, IoTeX, one of the prominent blockchain projects, has made a significant announcement. The latest update was shared just moments ago, generating substantial interest and reactions. Contents hide 1 What Is IoTeX’s New Vision? 2 How Is the IOTX Price Reacting? 3 Key Takeaways for Investors What Is IoTeX’s New Vision? IoTeX has introduced its next major milestone, IoTeX 2.0, via a detailed post on X. This upgrade promises a transformative shift in their existing blockchain infrastructure, enhancing it into an…