Author: NBTC

Upbit, a leading global cryptocurrency exchange, will expand its USDT market with the addition of 12 new digital assets on November 13, 2024. Upbit Expands USDT Marketplace with 12 New Digital Assets The new listings include Adventure Gold (AGLD), AhaToken (AHT), ARPA (ARPA), Astar (ASTR), Bancor (BNT), MultiversX (EGLD), Filecoin (FIL), LumiWave (LWA), NEAR Protocol (NEAR), Orchid (OXT), Radworks (RAD), and Stellar Lumen (XLM). Trading is expected to begin at 4:30 PM. Digital Assets Overview AGLD (Adventure Gold): Utility token for governance in the Loot NFT project, a decentralized platform for virtual fantasy adventurers. AHT (AhaToken): Utility token that rewards…

Venture capitalist and crypto veteran Chris Burniske believes Bitcoin (BTC) may be just days away from a massive breakout. Burniske says on the social media platform X that Bitcoin could have an explosive move in November, suggesting that the monthly timeframe chart of the flagship digital asset is turning bullish. “If BTC were to have ‘one of those candles,’ November would be a good candidate month… I mean… c’mon.” Source: Chris Burniske/X Looking at his monthly chart, Bitcoin is trading above multiple simple and exponential moving averages, which have acted as support in prior bull market cycles. In technical analysis,…

Shibarium, the Shiba Inu layer 2, is on track to hit a new milestone amid sustained adoption in the past few weeks. After recording a sustained average daily transaction count of four million, the total recorded transactions will hit 480 million soon. As of writing time, data from the Shibarium scan pegs this figure at 479,540,254. This 480 million milestone might be achieved within hours at the current adoption rate. Shibarium and Shiba Inu hype The November bullish rally narrative is playing out at a very fast pace amid broader industry hype. Over the past month, the price of Shiba…

South Korean authorities are investigating local cryptocurrency exchanges for potential anti-monopoly breaches, fueled by Binance’s overarching dominance in the market. Binance’s trading volume is 22 times that of all South Korean exchanges combined, including Upbit, which holds an 80% market share in the region. This disparity in volume has raised concerns about fair competition and potential regulatory gaps in the South Korean cryptocurrency market. Authorities are now scrutinizing local exchanges to ensure compliance with anti-monopoly laws and to maintain a level playing field for all market participants. Binance’s Trading Volume in South Korea A recent analysis by “burakkesmeci” on CryptoQuant…

The price of Bitcoin (BTC) is on the rise, breaking through the $69,000 resistance zone. This is the third time that Bitcoin has surpassed its current price level. Long-term forecast for the Bitcoin price: bullish However, the bulls have failed to sustain their bullish momentum above the $69,000 level. Once the initial barrier is broken, Bitcoin will rise above the psychological level of $70,000. However, if the bulls fail to break the $69,000 level, the largest cryptocurrency will continue to move sideways above the moving average lines but below the resistance line. Nevertheless, the current upswing will stop if the…

French blockchain analytics firm Kaiko has acquired crypto index provider Vinter, aiming to expand its presence in the European exchange-traded product market. Kaiko, a Paris-based blockchain data firm, announced the acquisition of European index provider Vinter as part of its strategy to consolidate regulated crypto financial products. In a blog announcement on Nov. 12, Kaiko stated that the acquisition will enable the firm to meet the “growing institutional demand” for crypto indices following the successful launch of spot Bitcoin exchange-traded funds in the U.S. earlier this year. “This strategic acquisition comes amid significant industry consolidation, which has a direct impact…

The global stabelcoin market is on the rise and is projected to reach $3 trillion in the next fiver years. It is driven by evolving regulations that improve the adoption and innovation of the stablecoins. In recent turn of events, Central Bank of the United Arab Emirates (CCBUAE) is leading the way by introducing a regulatory framework for both Dirham-backed and non-Dirham-backed stablecoins. This move positions UAE as a leader in the digital economy. Projected to reach $3T in the next five years, stablecoins are driving a new era of digital finance. The UAE’s forward-thinking regulations for dirham-backed and global…

Bitcoin, the world’s largest digital asset, has stunned the broader cryptocurrency community as its price surged past $71,000. This achievement, the first in over seven months, has caught the attention of Michael Saylor, chairman of business intelligence firm MicroStrategy. Saylor, characteristically, took to X to share his sentiment. Bitcoin’s value boosts In his X post, Saylor shared a picture of himself in a spacesuit, gazing out of his helmet with intense focus. The MicroStrategy chairman also has a small box with Bitcoin’s iconic logo, “B,” inscribed into it. He had it clutched tightly to his chest. Saylor captioned this intriguing…

In Brazil, 400 million tokens issued; 63% of online transactions are tokenized, covering various card credentials. Leandro Garcia highlights tokenization’s role in securing payments, enhancing user experience, and preventing $650 million in frauds. Visa has recently achieved the significant milestone of issuing ten billion tokens globally, marking a major step in the adoption of digital payment security measures. In Brazil, the payment giant has issued 400 million tokens, where 63% of the platform’s online transactions are now tokenized. This includes credentials for credit, debit, and prepaid cards, significantly enhancing the security and innovation of digital financial transactions. Tokenized transactions are…

Key highlights: SingularityDAO, SelfKey, and Cogito Finance merge to create Singularity Finance, backed by strong community support. The merger enables a token swap to create SFI, a unified asset fueling the new platform. Singularity Finance aims to advance AI tokenization and broaden access to decentralized finance on a Layer 2 blockchain. A strategic union to advance DeFi and AI In a groundbreaking move for the blockchain sector, SingularityDAO, SelfKey, and Cogito Finance have officially merged to form Singularity Finance. This merger was announced on October 15th and is now confirmed, following overwhelming community support. The decision, marked by a significant…