Author: NBTC

Will a rising bitcoin price cure El Salvador’s indebtedness to the International Monetary Fund (IMF)? Earlier this week, Tim Draper claimed a rally to $100,000 per bitcoin would allow the country to repay its IMF loans “and never have to talk to them again.” The claim sparked a discussion about how much debt El Salvador owns — and how much bitcoin can contribute to easing its burden. With some generous math, Draper’s claim that $100,000 bitcoin would allow IMF repayment has superficial merit. Specifically, El Salvador owes 107.7 million SDRs to the IMF worth 1.35049 USD apiece. In other words,…

IOTA is expected to perfectly align with the current momentum of the tokenization market to capitalize on the potential $68 trillion valuation projected for 2030. A researcher has disclosed that the real estate sector, which had a business volume of $4.4 trillion last year, could reach $5.1 trillion by the end of the decade. A report recently released by Standard Character and Synpulse estimates that the tokenization market will reach $30.1 trillion in the next 10 years. According to the projection, trade finance, which is among the top three classes of tokenized assets globally, would make up 16% or $4.8…

SINGAPORE, Nov 18 (Reuters) – Cryptocurrency exchange OKX said on Monday it would offer instant Singapore dollar-denominated deposits and withdrawals to customers in the city-state, taking a step to deeper integration with Singapore’s traditional financial system as trading and interest in cryptocurrencies surge. The funds transfer service will be facilitated by Singapore’s biggest bank DBS Group (DBSM.SI), opens new tab and done via the country’s PayNow and Fast and Secure Transfers (FAST) payment services, OKX said in a statement. Interest in cryptocurrencies has surged following Donald Trump’s U.S. presidential election victory, on the view that friendlier regulation under his administration…

Bitcoin whales have reached a historic milestone by accumulating 670,000 BTC, the highest level of whale holdings on record, according to a post by crypto analysis firm CryptoQuant. Although Bitcoin recently experienced a slight retracement, it has been trading within a steady range of $66,000 to $69,000 over the past 10 days, signaling a potential upward trend as it attempts to break its all-time high of $73,000. This accumulation by Bitcoin whales is significant and is viewed as a bullish signal, aligning with historical patterns where whale buying behavior often precedes major price rallies. Bitcoin 1-Year Change in Whales Holdings…

Bitcoin’s sideways movement close to the $90,000 mark has calmed down the broader cryptocurrency market with declining trading volumes on centralized exchanges. Binance, the largest crypto exchange by trading volume, saw a 15.2% decline in its daily trading volume to $26.6 billion, according to data provided by CoinGecko. The CEX platform has listed 385 tokens with 1,260 trading pairs so far. Data shows a 14.6% decline in the Bybit trading volume to $5.7 billion. The Dubai-based trading platform has listed more tokens than Binance — 512 crypto assets — but fewer trading pairs than the largest crypto exchange — currently…

QuickSwap, the most popular DEX on Polygon and one of the largest EVM dApps, shares its ambitions of expanding to Ethereum’s L1. The platform is ready to introduce a one-stop liquidity hub to address issues of cross-chain value transfer and crypto liquidity fragmentation. Top Polygon DeFi QuickSwap coming to Ethereum L1, announces Liquidity Hub Polygon’s DEX QuickSwap announces the onset of its Liquidity Hub on Ethereum’s L1. Powered by Orbs Network’s decentralized infrastructure, the Liquidity Hub serves as a swap aggregator, tapping into multiple liquidity sources to provide Ethereum users with optimized prices, reduced slippage and minimized transaction fees on…

Spot On Chain says that Gemini, one of the biggest U.S. cryptocurrency exchanges, recently moved a lot of funds into a new multisignature custody wallet. The wallet, which was created just 18 days ago, has quickly amassed a lot of altcoin holdings, including a major acquisition of 200 billion Shiba Inu (SHIB) tokens valued at around $3.39 million. On top of that, the wallet under address “0xc96” also has 42,000 ETH worth $103.8 million; 350,000 LINK equivalent to $3.77 million and 400 billion PEPE tokens total to $3.29 million. The last time this account was used was just nine hours…

Crypto gaming franchise Super Champs is scheduled to launch its token CHAMP on Coinbase’s Ethereum layer-2 network Base on Wednesday, November 20 at 7am UTC. Super Champs is an anime-inspired mobile gaming franchise with two games out so far, as well as an NFT collection, a comic book, and more. Its first mobile game was Racket Rampage, a tennis-inspired action role-playing game, which was followed by battle royale shooter Bullet League. CHAMP is set to become the primary currency used for purchasing Super Champs assets such as NFTs, cosmetics, and subscriptions. It will also be used in season-based rewards programs…

Binance Futures will list BAN and AKT. Binance Futures to Launch BANUSDT and AKTUSDT Perpetual Contracts with Up to 75x Leverage The contracts will come into effect on November 18, 2024, at 14:30 and will be open for trading 24/7. Additional Features Onay Boyutu: BANUSDT: 0.0001 ACTUSDT: 0.001 Funding Fee Settlement Frequency: Every four hours Multi-Entity Mode: Supported Comedian (BAN) and Akash Network (AKT) perpetual contracts allow users to trade with USDT as the settlement asset, making it easier to manage collateral and execute trades efficiently. Verified Contract Addresses BAN: 9PR7nCP9DpcUotnDPVLUBUZKu5WAYkwrCUx9wDnSpump AKT:ibc/1480B8FD20AD5FCAE81EA87584D269547DD4D436843C1D20F15E00EB64743EF4 Important Notes for Investors The maximum funding rate…

The Ethereum ecosystem recently achieved a notable achievement in the past week, marking burn transactions in DeFi projects amounting to 18,936 $ETH, worth $58.9 million. These figures emphasize the scale of network activity among popular protocols. Uniswap is currently the top Ethereum gas burner, using 47% of the total gas burned in DeFi transactions. TOP #ETHEREUM BURNER #DEFI PROJECTS#Uniswap $UNI #1Inch #Metamask #0xProtocol $ZRX #GnosisChain #Paraswap #Aave $AAVE #KyberSwap #Pendle #Chainlink $LINK pic.twitter.com/qhmsKRQwmv — PHOENIX – Crypto News & Analytics (@pnxgrp) November 17, 2024 Uniswap Dominates Gas Consumption During the past week, Uniswap burned 2,800.6 ETH for $8.7 million. The…