Author: NBTC

More than a dozen crypto exchanges in South Korea have closed or suspended operations in 2024, leaving nearly $13 million in assets unclaimed by almost 34,000 subscribers. As South Korea enforces the Virtual Asset User Protection Act, more than a dozen crypto exchanges have shut down in 2024, leaving customers with 17.8 billion won ($12.8 million) in inaccessible assets. According to data from the Financial Services Commission, 11 exchanges have permanently ceased operations, while three others have temporarily suspended services in late September, The Korea Times reports. As a result, nearly 34,000 crypto owners are now seeking to reclaim cash…

In recent months of 2024, Bitcoin has experienced significant price fluctuations, resulting in substantial gains or losses over short periods known as volatility. However, understanding the causes of this volatility and its implications for investors is necessary for anyone involved in or considering the cryptocurrency market. This discussion will examine Bitcoin’s current state in 2024 and explore its implications for investors. The nature of Bitcoin (BTC) volatility Bitcoin’s volatility is a defining characteristic that differentiates it from traditional assets. Unlike stocks, bonds, or commodities, Bitcoin operates in a relatively nascent market with limited regulatory oversight and substantial speculative trading. Several…

To those watching crucial Shiba Inu (SHIB) performance trends, it will immediately become obvious that at least some tokens are always involved in key performance metrics. The twist is what is now obvious, as the burn rate has shown a neutral shift in the trailing 24-hour period. Shiba Inu burn rate milestone According to data from Shibburn, 0 Shiba Inu were burnt, implying an unusually bearish low for this metric. It remains uncertain how this happened, considering the extremely low price of SHIB, which could have encouraged some torching as is usually the case. With the 0 reading, the total…

X Empire, a popular tap-to-earn game which operates on popular messaging platform Telegram, goes live today, October 24, 2024, on Bybit, marking a significant milestone for itself. With an impressive user base of 1.2 million and the airdrop of the X tokens, the excitement is soaring high within the 50 million players. The X token will be available for trading on Bybit starting at 12 PM UTC, following its pre-market listing earlier this month. Bybit announced that it will launch X Empire ($X) spot trading on October 24, and said that the number of users of this airdrop is close…

Bitcoin remains a dominant player. Recent whale activity indicates that major investors are increasing their stake in the asset. Whales have been adding substantial amounts of Bitcoin even in the face of some withdrawals from institutional investors, indicating their strong belief in the long-term value of the cryptocurrency. Three large whales have amassed about 2,814 BTC, or roughly $157 million, from Binance since Sept. 1, according to on-chain data. At approximately $55,887 per Bitcoin the average accumulation price is found. Despite price fluctuations, the addresses involved in these transactions demonstrate massive whale interest in the asset. At $55,212, the price…

Litecoin’s circulating supply reaches 75 million, with only 9 million coins left to be mined. Whale activity and on-chain transactions for Litecoin show significant growth, reflecting increasing market interest. Litecoin’s circulation supply recently crossed a key milestone, reaching 75 million coins, leaving only about 9 million coins to mine before reaching its maximum supply cap of 84 million LTC. This development demonstrates how close Litecoin is to reaching its predetermined supply limit, cementing its standing as one of the market’s more established cryptocurrencies. This achievement comes at a time when the asset’s network activity and social presence are increasing significantly,…

Binance is the biggest exchange in the crypto industry, and its listing decisions can make major waves in the crypto markets – it’s not uncommon for a cryptocurrency to display a major price rally as soon as Binance announces that it’s listing it. In this article, we’re highlighting new Binance listings in 2024, and also provide a list of cryptocurrencies that could be listed on Binance in the future. New Binance listings: Scroll – A leading zero-knowledge (ZK) rollup for Ethereum Lumia – A modular layer 2 for real-world assets (RWA) EigenLayer – The leading Ethereum staking platform Hamster Kombat…

In the past month, the stablecoin market has kept its upward momentum, with four out of the top five U.S. dollar-pegged tokens increasing in supply. Since Sept. 15, the stablecoin economy has expanded by $1.04 billion, all within just six days. Tether, USDC See Supply Boosts as Stablecoin Market Grows by $1B in Less Than a Week In less than a week, another billion dollars flowed into the stablecoin economy. Six days ago, the market stood at $172.19 billion, and today, it’s nudged up to $173.23 billion. Tether (USDT), the top stablecoin by market cap, experienced a 1.5% increase in…

On Friday, Oct. 25, 2024, Bitcoin’s network hashrate climbed to a new all-time high, reaching 736.81 exahash per second (EH/s)—a milestone unmatched in the network’s history. Bitcoin’s Hashrate Hits Historic High — How Close Are We to the Zettahash Era? Bitcoin’s computing power has hit new heights, with over 67 EH/s added to the network in just nine days. The record-breaking 736.81 EH/s, achieved on Friday evening, brings Bitcoin a great deal closer to the anticipated zettahash era. In simple terms, one zettahash per second (ZH/s) is a colossal 1,000 EH/s, meaning this 736.81 EH/s peak is now 0.73681 ZH/s.…

Bitcoin traded up 1.8% at $54,440 on Monday morning during European trading hours, rebounding from a weekend slide. The dip appeared to have been set off by Friday’s disappointing U.S. jobs report, however, analysts are wary of significant outflows from spot ETFs and upcoming economic data releases that could impact market direction. The world’s leading cryptocurrency showed a modest recovery following a weekend dip to $53,636, according to CoinGecko data. However, this uptick comes against a backdrop of substantial outflows from Bitcoin ETFs. Last week, Bitcoin spot ETFs experienced a net outflow of $706 million, with none of the 12…