Author: NBTC

Bitcoin (BTC) briefly surpassed $68,000 on July 21st and sparked price leaps across the crypto market. In this landscape, meme coins have stolen the limelight by outperforming BTC and Ethereum (ETH) over the past seven days. Cat-themed meme coins got the most steam out of this movement, leaping 8.8% on average over the past 24 hours but likely propelled by a honey pot token. Jacky (JACKY) is a token with a picture of a black cat that was launched on July 5th through Moonshot, the meme coin launchpad developed by DEX Screener. Despite the lack of activity for a week,…

India is planning to release a discussion paper outlining its policy stance on cryptocurrencies by September, according to Senior Finance Ministry Official Ajay Seth. In September 2023, Seth said India would analyse and decide its own position on crypto in the “coming months.” India plans to put out a discussion paper outlining its policy stance on cryptocurrencies before September, according to Indian news outlet Moneycontrol, citing an interview with Economic Affairs Secretary Ajay Seth. Seth’s interview does not suggest a commitment to regulating crypto through a comprehensive legislation but instead a position based on stakeholder consensus on the matter. ““The…

Bitcoin has been trading sideways since reaching a new high in March, according to a CryptoQuant analysis. Its performance is closely tied to U.S. monetary policy and stablecoin liquidity. Bitcoin’s inability to break out of its current trading range is largely attributed to the tightening monetary policy in the U.S. since March 2022. The increase in interest rates has led to a decline in the total circulating supply of stablecoins, which are essential for providing liquidity in the cryptocurrency market. Conditions for $BTC to Rise: Stablecoin Liquidity“The bottom line is that in order for #Bitcoin to rally in earnest, we…

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,…