Author: NBTC

July 22, 2024—FILLiquid, the newly emerging Filecoin borrowing and lending platform, is scheduled to launch its mainnet tomorrow, marking a significant milestone in the future growth of the Filecoin network. FILLiquid is a groundbreaking Filecoin-based liquidity pool set to deepen access to $FIL liquidity for Storage Providers (SPs), allowing them to utilize locked liquidity to secure $FIL loans for pledging. With the mainnet launching tomorrow, here’s everything you need to know. Mainnet Incoming: What is FILLiquid? FILLiquid is a Filecoin-based borrowing and lending platform that connects $FIL token holders with Storage Providers. The platform is designed to provide new avenues…

Financial Crimes Investigation Board (MASAK) Presidency made a new update for cryptocurrency service providers. Accordingly, MASAK published the updated suspicious transaction reporting guide specifically for cryptocurrency service providers. According to the announcement and update on MASAK’s website, within the scope of the Law on Prevention of Laundering Proceeds of Crime, liable parties are required to send suspicious transaction reports to MASAK. It was stated that this update was made with the opinions and suggestions received from industry representatives. In addition, reminding that obliged parties must report suspicious transactions to MASAK within the framework of the Law on Prevention of Laundering…

Since Bitcoin (BTC) attained its all-time high of over $73,000 in early 2024, most of the market consensus has set $100,000 as the next ideal target. In this context, an analysis by crypto trading expert TradingShot has offered a path regarding how historical patterns are providing timelines for Bitcoin’s journey to $100,000. The analysis, posted on TradingView on July 3, emphasized the significance of Bitcoin’s long-term time frames and historical cycles, which have shown repeated patterns with variations influenced by current market conditions. According to the expert, Bitcoin’s price has been consolidating for the past four months, staying above the…

TON Foundation is growing its influence after partnering with Mocaverse, a game backed by Animoca Brands. The two foundations will bring Telegram’s users to more than 450 products backed by Animoca’s earlier investments. Mocaverse and MOCA Foundation have entered a partnership with the TON Foundation, the growth and planning organization of Toncoin (TON). The partnership arrives at a time when Toncoin and Telegram are marking vertical growth for game apps, clicking mini-apps and channel and group advertising. The Mocaverse project launched its token on Ethereum, aiming to use MOCA to facilitate wallet-based identity, NFT trading, gaming, and metaverse experiences. Soon…

Crypto stakeholders are increasingly urging the industry to remain bipartisan as the November presidential election nears. There is no doubt that digital assets are gaining importance among voters, with over 50 million Americans involved in the sector and 14% holding Bitcoin. Despite this, many industry leaders support Republican candidate Donald Trump, citing his pro-crypto stance as beneficial for the sector’s growth. Conversely, the Democratic party has faced criticism for its strict regulatory approach under President Joe Biden. However, with Biden out of the race and Vice President Kamala Harris likely to be the candidate, some stakeholders are now advocating for…

11 US spot Bitcoin exchange-traded funds (ETFs) experienced daily net outflows totaling $13.62 million on Tuesday, returning to negative flows after five consecutive days of inflows. Grayscale’s GBTC led the outflows with a net loss of $32.38 million, according to data from SosoValue. Bitwise’s BITB followed with a net outflow of $6.76 million. In contrast, several funds reported positive inflows. BlackRock’s IBIT saw inflows worth $14.12 million, while Fidelity’s FBTC recorded inflows of $5.42 million. VanEck’s Bitcoin fund reported $3.51 million in inflows, while Ark Invest and 21Shares’ ARKB saw net inflows of $2.48 million on Tuesday. The 11 Bitcoin…

A suggestion from Cardano founder Charles Hoskinson for the next hard fork name has sparked speculations around the birth of a new meme coin. These speculations are primarily due to Hoskinson’s influence in the Cardano and broader crypto communities; a phenomenon observed with the recent slew of meme coin launches related to him. Cardano Hard Fork Names Cardano is on the verge of fully welcoming the Chang hard fork, with Phil Chang, an early Cardano proponent who passed away two years ago being the inspiration behind the name. The Chang hard fork will mark Cardano’s entry into the Voltaire era,…

The British financial regulator has fined crypto exchange Coinbase $4.5 million for “repeatedly breaching” a requirement that prevented it from serving “high-risk customers.” American cryptocurrency exchange Coinbase has been hit with a £3.5 million (around $4.5 million) fine as the company “repeatedly” broke a requirement that prevented it from offering services to “high-risk customers,” the Financial Conduct Authority said in a press release. According to the regulator, CB Payments Limited, being part of the Coinbase Group, operates as a gateway for customers to trade crypto “via other entities within the Coinbase Group.” Despite entering a voluntary agreement with the FCA…

The global cryptocurrency market cap today stands at $2.36 trillion, marking a 2.6% decline in the last 24 hours. Amidst these market fluctuations, Bitcoin’s (BTC) attempt at recovery has been met with mixed signals from technical indicators, raising investor concerns. Trading expert Alan Santana recently projected on TradingView that Bitcoin is on the brink of experiencing a significant downturn, known as an SD-Wave or an SSD-Wave. An SD-Wave, or Super-Down-Wave, typically results in a price decline of around 20-30%. Conversely, an SSD-Wave, or Surprise-Super-Down-Wave, involves a more severe drop, potentially exceeding 40% and reaching up to 50%. Current chart analyses…

A whale recently made notable transactions involving Ethereum Name Service ($ENS) tokens. Between July 8 and July 12, the whale withdrew 73,059 $ENS, valued at approximately $1.85 million, from cryptocurrency exchanges Binance and Gate.io. The tokens were purchased at a rate of $25.36 each. Today, the whale deposited the entire amount of $ENS back to Binance and Gate.io at a price of $26.86 per token. This strategic move resulted in a profit of around $109,000 for the whale. Following the $ENS transactions, the whale turned their attention to Maker ($MKR) tokens. Over the past four hours, the whale withdrew 1,026…