Author: NBTC
In a series of strategic moves that underline its commitment to cryptocurrency, El Salvador continues to deepen its engagement with the digital currency market, particularly bitcoin (BTC). President Nayib Bukele recently announced El Salvador’s plan to buy one bitcoin every day, aiming to continue this practice until it becomes unaffordable with fiat currencies. This initiative has pushed the nation’s bitcoin holdings to a substantial total of 5,690 BTC, valued at approximately $400 million. This feature is part of CoinDesk’s “Future of Bitcoin” package published to coincide with the fourth Bitcoin “halving” in April 2024. Tatiana Koffman leads investment firm Moonwalker…
VeChain’s VeBetterDAO will officially be unveiled at the time of VeChainThor’s mainnet anniversary on June 30. The unveiling would be in three phases, and in the Go-Live Gala phase, several features and functions would be introduced. Leading enterprise blockchain platform VeChain recently announced the introduction of VeBetterDAO, an ambitious Decentralized Autonomous Organization (DAO) as part of the plans to promote community engagement and drive sustainability initiatives. For effective implementation, two main tokens – VOT3 and B3TR were introduced. While VOT3 serves as a governance token by enabling holders to vote on proposals and earn rewards by staking, B3TR powers the…
In a recent release, the Consumer Financial Protection Bureau warned about the emerging risks associated with crypto-focused gaming. The report, “Banking in Video Games and Virtual Worlds,” highlights the agency’s concerns over scams and diminished consumer protections in video games and virtual worlds. As the intersection of virtual gaming and cryptocurrency grows, the Consumer Financial Protection Bureau’s (CFPB) scrutiny underscores the potential pitfalls facing players in these digital realms. The CFPB’s findings reveal that despite crypto-metaverses‘ lesser popularity compared to giants like Roblox, Second Life, or Fortnite, these platforms warrant attention due to their ability to facilitate the conversion of…
Neo will have a presence at the upcoming Paris Blockchain Week conference, scheduled for April 9 – 11 at the Le Carrousel du Louvre in France. Neo founder Da Hongfei will deliver a keynote speech titled, “Rethink Layer 1”, while the Neo booth will feature a non-fungible item activation, leveraging the technology of ITEM Systems—a collaborative effort between community development entities COZ and AxLabs. NFI shirts The Neo booth will offer visitors a chance to engage in a hands-on creative process, allowing them to personalize an NFI-integrated t-shirt. Participants can express their artistic flair by customizing the shirt with fabric…
What is Bitcoin halving? Learn about its mechanics, significance, and investment implications in this comprehensive guide. If you’re thinking about investing in crypto, you’ll want to know about Bitcoin halving. It’s one of the most significant events in the world of cryptocurrency, often surrounded by anticipation and speculation. Analysts believe this event could greatly affect the cryptocurrency’s value, so it’s important to understand it. What is Bitcoin halving? So, what exactly is Bitcoin halving? Simply put, it’s the process of halving the reward given to miners who verify the legitimacy of transactions before they are added to a permanent record,…
Share: Swell is building a Layer 2 chain for restaking, powered by Polygon’s AggLayer. Ethereum’s Dencun upgrade has fueled the staking, restaking and Layer 2 narrative. MATIC price climbed over 7% on Wednesday. Polygon’s zero-knowledge rollup technology (zk-rollup) will help build a Layer 2 chain for restaking crypto assets. Swell has chosen Polygon’s AggLayer to power its project, according to an announcement on Wednesday. The Ethereum Dencun upgrade has ignited the Layer 2 token narrative, likely catalyzing 7% daily gains in Polygon’s native token MATIC. Also read: Ethereum Layer 2 locks nearly $40 billion in assets as Dencun upgrade looms…
There’s clear interest in the upcoming token for the Saga layer-1 blockchain network, just days ahead of next week’s listing. In fact, Binance customers have already broken a record for the most cryptocurrency staked to earn SAGA token rewards via the crypto exchange’s Launchpool campaign platform. Binance users have staked more than $13.1 billion worth of Binance Coin (BNB) and the FDUSD stablecoin to earn a share of the 45 million SAGA tokens being offered up through the platform, or half of the token’s initial circulating supply. Saga declared the earlier $13 billion mark a record on Twitter Friday, and…
Sony Bank, a subsidiary of the renowned Sony Corporation, has embarked on a pioneering journey within the digital currency space by initiating a trial for issuing its own stablecoin. This innovative venture is set to take place on the Polygon blockchain, signaling Sony’s venture into the rapidly evolving world of cryptocurrency. Sony Bank’s Leap into Stablecoin Territory In an effort to leverage the burgeoning potential of blockchain technology, Sony Bank is testing the waters with a stablecoin pegged to fiat currency. This initiative is not just a technological experiment; it’s a strategic move to harness the benefits of digital currency…
Quick Take On March 21, Bitcoin ETFs experienced decreased outflows of $93.9 million compared to earlier in the week, corresponding to 1,433.6 BTC. BitMEX data highlights outflows extending over four consecutive days, an event that has occurred for the second time since the ETF’s launch on Jan. 11. The Grayscale Bitcoin Trust (GBTC) reported an outflow of $358.8 million (5,480.5 BTC), which, while still considerable, is a further decrease in falling outflows. There has been a gradual decrease in the volume of outflows since March 18. To date, GBTC’s cumulative outflows have reached $13,630.6 billion (267,449.3 BTC), according to BitMEX…
Recently, artificial intelligence (AI) tokens have been in the focus of investors’ attention and there have been good increases. While the fact that Nvidia, the world’s number one artificial intelligence chip manufacturer, will hold a conference on March 18-21 was effective in the rise of artificial intelligence-themed altcoins, a new report came from CoinGecko. Which Countries Are Most Interested in Artificial Intelligence Themed Altcoins? According to CoinGecko’s report, among the countries most interested in artificial intelligence-themed cryptocurrencies in 2024 was the USA with a rate of 18.9%, followed by the UK (9.1%) and Turkey (6.5%). Other countries were seen to…