Author: NBTC

Bitcoin (BTC) has reclaimed a crucial price level earlier today, and it appears that more highs will be seen in the coming days. As of writing time, BTC is trading at $61,386, after a jump of 4.29% in the last 24 hours. Notably, it was trading around $58,000 almost 12 hours ago. Consequently, this surge to $61,386 is considered a bullish move from Bitcoin, and it may be the start of a major price rally. Analysts are also giving bullish Bitcoin price predictions after seeing this significant recovery. For instance, prominent crypto analyst Jelle has predicted that BTC can hit…

Tapswap, a popular tap-to-earn game on Telegram, pushed back its much-awaited token launch to the third quarter of 2024, the project announced on Monday. The airdrop, a type of free cryptocurrency giveaway dropped into people’s wallets, will also take place at the same time, it said. Also read: Tapswap mum on specifics of token launch on TON blockchain Tapswap initially scheduled the airdrop for May 30 but delayed it to July 1 due to an influx of bots that aimed to farm airdrop points, according to a previous Decrypt report. The team said the token generation event has now been…

The geopolitical tensions are escalating as Russia takes a firm stance on the legal proceedings involving Pavel Durov, the founder of Telegram. This case underscores the complexities of international law and digital governance amid rising political repression. Dmitry Peskov’s remarks highlight Russia’s commitment to defending Durov as a citizen, emphasizing the diplomatic implications entangled in this situation. The article discusses the Russian government’s warning to France regarding the legal case against Pavel Durov, highlighting potential political motivations and implications for international relations. Political Dimensions of Durov’s Detention Pavel Durov, who has dual citizenship in Russia and France, finds himself at…

Cryptocurrency exchange platform OKX has addressed recent concerns regarding its FLOKI Pledge Loan Mechanism. The clarification follows remarks from on-chain arbitrageur CryptoWilson, who noted an unusual spike in trading volume for OKX’s Floki trading pair starting from August 29, 2024. This led to automatic purchases of Floki at higher prices and forced sales of collateralized BES loans. OKX clarified that the automatic currency exchange occurs when the pledge risk rate seems secure. They explained their mortgage loan system operates as a customer-to-customer (C2C) market, matching depositors with borrowers. This system maintains a 100% reserve principle. 关于 FLOKI 质押借币机制问题的调查与说明Q1：在质押借币风险率安全的情况下为什么会触发自动换币？自动换币具体规则是什么？OKX的活期抵押借币是一个存币用户和借币用户之间匹配的C2C市场，基于100%准备金的基本运营原则，当平台借币量/存币量达到100%时，会触发平台自动换币机制。… https://t.co/ASVTnfXBlu —…

Leading non-custodial wallet Tonkeeper has announced the release of its dapp browser on Telegram. The browser, which is integrated into the Tonkeeper wallet, offers a gateway to discover the best decentralized apps in the expanding TON ecosystem. Millions of users will find it simpler to access their favorite dapps and find new dapps for engaging in sectors like gaming, DeFi, and entertainment with the introduction of the Tonkeeper dapp browser in Telegram. The browser launch is being supported by over ten partners across categories including Utilities and DeFi. Leading DEX Ston.fi is one of the launch partners whose dapps are…

Coinbase has teased the upcoming launch of cbBTC, a new tokenized version of Bitcoin, on its Base network. Experts told Decrypt they think it could reshape the landscape of tokenized Bitcoin (BTC). This new token, announced via a cryptic tweet in the early hours Wednesday, signals Coinbase’s ambitious plans to expand its tokenized asset offerings and potentially reshape the landscape of wrapped Bitcoin. Coinbase has not yet responded to requests for more details from Decrypt. The introduction of cbBTC comes as the demand for tokenized Bitcoin on Ethereum Virtual Machine (EVM)-compatible chains continues to grow. Nearly 156,608 BTC, valued at…

MicroStrategy co-founder Michael Saylor recently took to social media to compare the performance of his company to some other prominent names since August 2020. Unsurprisingly, the business intelligence firm ended up at the top with extremely impressive gains of 1,113%. Nvidia, for comparison, comes only in second place at 1,059% despite greatly benefiting from the artificial intelligence craze. In June, it managed to overtake Microsoft, becoming the most valuable company in the world. The company’s chips power a lot of widely used AI tools, including ChatGPT. Arista Networks, a Santa Clara-headquartered computer networking company, comes in rather third place with…

The mysterious SHIB lead Shytoshi Kusama has published two tweets, spreading intrigue among the Shiba Inu army as he talked about the important upcoming event in Kyoto, Japan – IVS2024. This is the largest startup conference in Japan. Kusama stressed that he feels excitement about this approaching conference. Shytoshi Kusama makes unexpected announcement One tweet published by Kusama written in capital letters says “EXCITED” as he quoted a tweet about the approaching IVS2024 event. In the second one, Shytoshi Kusama made a curious statement, in which he promised to “show the world the importance of Web3.” EXCITED!!!! https://t.co/7K1R8qgGIC — Shytoshi…

According to what has emerged in the last few hours, the US House Financial Services Committee is about to face many discussions related to cryptocurrencies, DeFi, and “pig butchering” scams, with the possibility of approving a specific law by the end of the year. September will be a very intense month under the lens of cryptocurrency regulation in the United States, as the SEC prepares to testify before the House and the Senate. At stake are several relevant issues for the future of the sector, including the potential integration of the “Financial Innovation and Technology for the 21st Century Act”…

Blockchain technology is revolutionizing the payments industry with near-instantaneous settlement times and significantly lower costs compared to traditional systems. According to a recent report by Binance Research, blockchain-based remittances settle within an hour, outpacing both digital and cash methods. Visa’s pilot with Crypto.com using USD Coin (USDC) on the Ethereum blockchain has streamlined cross-border settlements for their Australian card program, reducing complexity and time. While conventional card networks like Visa and Mastercard offer quick authorization, actual fund transfers can take days, especially for cross-border transactions. Average settlement time for cross-border payments. Image: Binance Research Moreover, the cost benefits are highlighted…