Author: NBTC
Bitcoin’s 16% plunge to below $50,000 earlier this week has left investors and traders scrambling to make sense of the sudden shift in market dynamics. Many analysts tell Decrypt that the top cryptocurrency’s volatility presents opportunity, and most remain bullish in the long term. The recent crypto carnage comes amid heightened global economic uncertainty, with factors such as inflation concerns, geopolitical tensions, and shifting monetary policies contributing to market volatility across various asset classes. Bitcoin, often touted as a hedge against traditional market instability, has not been immune to these broader economic forces. Also a factor, the introduction of Bitcoin…
Shiba Inu is planning to launch a decentralized autonomous organization (DAO) as part of its strategy to become a universal blockchain platform. On August 24, Shiba Inu CMO Lucie announced that the network will launch a DAO governance. The move is intended to ensure that SHIB’s growth is aligned with its core values of transparency and inclusivity. The initiative will allow SHIB holders to participate in the decision-making process within the Shiba Inu ecosystem. Lucie explained that the DAO launch will solidify the coin’s role as a leader in decentralized governance. However, the CMO noted that the DAO is still…
What a welcome back to bitcoin for Gox creditors. As many as 20,600 creditors had been waiting 10 years to have their bitcoin returned, during which time BTC’s price had gone from under $500 to $58,000 when repayments began in May. About $5.77 billion in bitcoin has been sent to participating crypto exchanges to date, valued at the time of transfer. If a creditor had $1,000 in bitcoin when Mt. Gox collapsed, they would now have over $110,000 based on current distributions. Read more: Mt. Gox customers to receive crypto assets after 10-year wait Figures for how much remains differ…
According to PHOENIX crypto analytics platform, several cryptocurrencies have shown significant gains across different exchanges recently. Leading the list is $HARD, which has surged by an impressive 81.8%. This dramatic increase highlights its strong performance in the market. DAILY GAINERS$HARD +81.8% $NULS +64.2% $INSP +52.3% $CAT +46.6% $NLK +28.8% $WELL +26.7% $PDA +23.6% $VOXEL +21.5% $TLOS +20.9% $APTR +20.0%#dailygainers pic.twitter.com/Ox07wiQQjX — PHOENIX – Crypto News & Analytics (@pnxgrp) August 26, 2024 $NULS and $INSP Show Strong Gains of 64.2% and 52.3%, 2nd and 3rd to $HARD $NULS is not very far behind with an increase of 64.2%, which also shows…
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Cloud mining emerges as a top way to earn Ethereum in 2024. Discover the top 10 platforms and free options in this guide. Ethereum is a top cryptocurrency, and many people want to find the easiest and most profitable ways to mine it. Cloud mining is arguably a great solution because it lets users rent mining power from remote data centers and earn Ethereum from anywhere in the world. But how to mine Ethereum in 2024? With so many…
On Wednesday, at approximately 4:11 p.m. EDT, bitcoin’s value against the U.S. dollar stood at $54,709 per unit, reflecting a 3.41% decrease over the preceding 24 hours. Concurrently, in South Korea, the price of bitcoin was $57,027 per coin, representing a 4.23% premium. According to data from cryptoquant.com, the South Korean premium has seen an increase this week. South Korea’s Bitcoin Market Heats Up, Upbit and Bithumb Record Premiums While bitcoin (BTC) prices remain lower, they have consistently carried a premium on major South Korean exchanges like Upbit and Bithumb. Although this premium in South Korea is not unusual, it…
The rapid rise of tap-to-earn games on Telegram, powered by The Open Network (TON) blockchain, has attracted significant attention — and funding — from venture capitalists. Investors are making substantial bets on Telegram’s tap-to-earn games like Notcoin, Hamster Kombat, and Catizen, seeing them as the future of Web3 gaming. But what exactly is driving these investment decisions, and how do investors envision the future of tap-to-earn? BeInCrypto recently interviewed Animoca Brands, one of the biggest TON validators, and Hashkey Capital, which has made significant investments and formed partnerships with Catizen. Investors Eye Social Experiences as the Future of Tap-to-Earn Games…
What do you do when the market is down, and you have an election to win? If you’re a politician, your number one goal is to secure re-election. Crypto icon Arthur Hayes told us that this means you print money and manipulate prices higher. Picture Kamala Harris, the Democratic nominee for US President, facing the formidable opponent known as Donald J. Trump. She needs everything to go right because a lot has gone wrong since her last term as Vice President. The last thing she needs is a global financial crisis on election day. Arthur says that Harris likely has…
A Polygon foundation-linked wallet deposited 15.49M MATIC to Binance while holding 13M MATIC in staking. MATIC’s upcoming upgrade to POL, on September 4th, will play a crucial role in the AggLayer project. According to the Spotonchain data, a Polygon foundation-linked wallet deposited 15.49M MATIC worth $8.1 million to Binance in the past 5 days. And the wallet still holds 13M MATIC worth $6.78 million under staking. At the same time, 824M $TEL was transferred out of the Telecoin Association wallet to Polygon on 20th August. Major transactions on the network often indicate significant institutional interest or strategic movements. Large asset…
Several U.S. politicians, including Donald Trump and Robert F. Kennedy Jr., have floated the idea of creating a strategic Bitcoin reserve ahead of the U.S. elections. However, a BTC crash earlier this week has shaken that thesis. Bitcoin’s price plunged below $50,000 on Monday, triggering over $1 billion in liquidations amid fears of an impending U.S. recession. That volatility, according to some experts, underscores why Bitcoin would fall short as a strategic reserve asset. “Bitcoin is a high-risk asset,” Cerus Markets CEO Michael Brescia told Decrypt. “If we’re not talking about putting other high-risk assets in the national reserve like……