Author: NBTC
El Salvador’s President Nayib Bukele reaffirmed the nation’s daily dedication to purchasing one Bitcoin. Bukele disclosed the transaction receipt for the day’s purchase, reflecting the country’s ongoing commitment to this initiative. One Bitcoin a Day Proving Successful In November 2022, Bukele announced a dollar-cost averaging (DCA) plan for El Salvador. At the time, he committed to purchasing one BTC per day as part of the country’s pro-crypto policy. Despite facing initial criticism from various international financial organizations due to the bearish performance of the crypto market at the time, the decision has proved to be a strategic success. The recent…
Which pays more: a two-year Taiwanese government bond, or a prediction market contract about the potential invasion of Taiwan by China? Turns out it’s the prediction market contract. “No” shares on crypto-based platform Polymarket are trading at 92 cents, which means that should China not invade Taiwan by the end of the year, holders get an 8% return on their money. In comparison, a two-year bond from its central bank is paying just over 1.26%. Read more: Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets Government bonds have historically been a bet on the future prospects of…
According to the recent data shared by the Shibburn team, within the past 24 hours, the SHIB army has transferred a massive amount of meme coins to “inferno” wallets, burning those SHIB without a chance of recovery. In the meantime, the SHIB price has managed to recover after yesterday’s plunge and the mysterious SHIB lead Shytoshi Kusama has published a festive tweet. SHIB burns jump to flabbergasting high The above-mentioned data source has reported that since last morning, the loyal SHIB community, which includes both enthusiastic individuals and legal entities, has transferred 87,760,994 SHIB to unspendable blockchain wallets. These burns…
The markets are rallying exuberantly for BTC for a couple of reasons this March. Institutional investors bought deep after the SEC opened up Wall Street access to Bitcoin price exposure through custodial spot ETFs. That only adds to the scarcity shock with the supply halving coming up next month. However, many blockchain crypto trading strategists think it is hard to overstate the importance of the ETF approvals by the Securities and Exchange Commission. The new paradigm does not merely allow regulated investors to do so. It caps off a year of incredibly welcoming and accommodating policies for Bitcoin and cryptocurrencies…
Many mid-sized asset managers in traditional finance are still skeptical about bitcoin, even after some of the biggest names in the industry have started to endorse the cryptocurrency. Some call bitcoin a “bubble” while others don’t see demand from clients and therefore, have no reason to participate in the alternative asset class. Around the time it turned 15 and following years of scoffing by others on Wall Street, Bitcoin in 2023 won acceptance from one of the most powerful investors in the world, BlackRock. Other traditional finance firms had endorsed the original cryptocurrency, to be sure, but BlackRock’s blessing –…
The number of Shiba Inu addresses holding at least $1 million worth of SHIB now amount to 1,342 at its current price of $0.00002803. Shiba Inu did not escape the recent market onslaught, collapsing from the $0.000045 high on March 5 to a floor of $0.00002366 on March 20. This slump marked a massive 47% decline within two weeks. However, SHIB recovered from this low, currently pushing to reclaim and retain $0.000028. While the crypto market has seen a rebound, with Bitcoin (BTC) recovering the $70,000 psychological territory, Shiba Inu has not fully leveraged the ongoing campaign. SHIB currently trades…
Bitcoin (BTC) outflow from exchanges continues amid the rocketing popularity of spot ETFs in the U.S. Meanwhile, the BRC-20 euphoria lost its traction by mid-March 2024. Bitcoin (BTC) fees lost 33%: Key reason Bitcoin (BTC), the largest blockchain network, sees its aggregated transaction fees plunging by 33.1% in the last days. Such estimation was shared by blockchain data analytics platform IntoTheBlock in its latest weekly newsletter. In this week’s newsletter we focus on the signs of greed developing in crypto markets. We evaluate the amount of leverage in crypto & analyze the consequences it may bring to investors 👇https://t.co/8X8vEyqUG7 —…
After the artificial intelligence boom, investors pursued projects that combined this exciting sector with cryptocurrency. According to Fortune’s own sources, Bittensor Bittensor, a decentralized artificial intelligence market, has attracted the attention of leading venture capital companies. Polychain, Digital Currency Group, and dao5 have collectively invested hundreds of millions of dollars in the project’s token, TAO. TAO, which was previously only available through mining, mid-tier exchanges and over-the-counter markets, was listed for trading on both Binance and Crypto.com last week. Bittensor founder Jacob Steeves shared in an interview with Fortune that the emergence of centralized tools from tech giants such as…
Hedera Hashgraph has partnered with the World Economic Forum (WEF) to publish a report on Metaverse identity. New forms of digital ID, like unique avatars and virtual signatures, are emerging in the metaverse. Hedera Hashgraph, a leading player in digital innovation, has teamed up with the World Economic Forum (WEF) to publish a report on Metaverse identity. This collaboration aims to illuminate the intricacies of identity within the digital landscape and emphasize the significance of privacy and security measures in the Metaverse. “The exploration of #metaverse identity underscores the need for a human-first approach prioritizing equality, inclusivity, accessibility, authenticity, and…
In a recent development within the cryptocurrency space, Alchemy Pay has unveiled its latest initiative, introducing Radix on its fiat On-Ramp platform. This strategic move aims to enhance accessibility and streamline user experience within the burgeoning decentralized finance (DeFi) ecosystem. Radix, renowned as a full-stack layer-1 protocol, empowers developers by simplifying the process of building and scaling DeFi applications. With this integration, users gain seamless access to XRD, Radix’s native token, leveraging their preferred fiat payment methods to partake in the Radix ecosystem. We are excited to introduce @radixdlt on #AlchemyPay’s fiat On-Ramp! #Radix is a full-stack layer-1 protocol that…