Author: NBTC

In a recent exposition on Bitcoin’s trading mechanics, renowned cryptocurrency analyst Willy Woo offered critical insights that could redefine strategies for Bitcoin investors, especially those using leverage. According to Woo, the conventional approach of buying futures to bet on Bitcoin’s price movements might not be the most effective strategy. Instead, Woo advocates for purchasing Bitcoin spot with margin as a superior tactic for those looking to leverage their positions in a bullish market. This recommendation stems from the structural differences between how futures and spot markets operate. Futures contracts allow traders to speculate on Bitcoin’s future price without needing to…

The stablecoin market has experienced modest growth over the past two weeks, with valuations increasing by approximately $590 million. Among the top five U.S. dollar stablecoins, Ethena’s USDE saw the largest supply growth, rising 17.5%. In contrast, First Digital’s FDUSD experienced a 29% supply decrease. Stablecoin Valuations Adjust With Diverse Market Movements in May Since May 11, 2024, the stablecoin market has expanded from $160.86 billion to $161.45 billion, a $590 million increase over the past two weeks. Tether (USDT) boasts a market capitalization of approximately $111.95 billion, representing 69.34% of the entire stablecoin market. USDT’s supply has grown by…

Will Trump’s potential choice of Jamie Dimon, a vocal critic of Bitcoin who said he’d close it down, mark the beginning of the end for cryptocurrency freedom in the U.S.? Table of Contents Meet Jamie Dimon Dimon and crypto: a complicated relationship  What lies ahead? Former U.S. President and current Republican nominee Donald Trump, a man known for his bold and often controversial decisions, recently dropped another bombshell.  In an interview with Bloomberg, conducted in late June and published on July 16, Trump revealed that he is considering JPMorgan CEO Jamie Dimon for a key position in his cabinet if…

The introduction of Estate Protocol, a game-changing venture within the MANTRA Incubator program may have just unfolded a new chapter in the world of blockchain and real estate. Aimed at redefining property investment, Estate Protocol utilizes the groundbreaking concept of real world asset (RWA) tokenization to make real estate accessible to a broader audience. Traditionally, investment opportunities in this sector have been tightly held by those with significant capital, sidelining average investors due to daunting financial barriers and complex management requirements. Estate Protocol emerges as a beacon of innovation, promising to dismantle these long-standing barriers. By implementing tokenization, the project…

On Friday, July 5, 2024, at 8 p.m. EDT, as bitcoin’s price hovered around $56,500 per unit, a dormant wallet, created on Nov. 24, 2013, transferred over 1,000 BTC, valued at $56.5 million, at block height 850,855. Long-Inactive Bitcoin Wallet Transfers Over $56M At 8 p.m., or Bitcoin block height 850,855, a wallet created ten years and seven months ago moved a substantial 1,004.49 BTC. Interestingly, this wallet, created on Nov. 24, 2013, accumulated its balance through several deposits. The initial deposit occurred on the wallet’s creation date, adding 0.5 BTC. The following day, Nov. 25, 620 BTC was deposited…

As the cryptocurrency market rebounds from a recent downturn, investor sentiment is shifting positively, suggesting a potential upswing. This surge is anticipated to push several altcoins beyond the $5 billion market cap mark, signifying a major milestone in their valuation and influence within the broader cryptocurrency landscape. Finbold has highlighted two cryptocurrencies likely to surpass this threshold. These assets are nearing the milestone, with their trajectory dependent on the continuation of the bull run and factors like supply inflation. High supply inflation could increase their market cap even if their prices remain unchanged. Aptos (APT) Aptos (APT) recently set a…

July 18 (Reuters) – A new law could help Argentina regulate its booming cryptocurrency market as the country aims to reduce risks such as money-laundering associated with the digital assets, experts say. In the last year, Argentina saw $85.4 billion worth of crypto transactions, making it one of the largest crypto havens in the world, according to data platform Chainalysis, as Argentines seek to battle triple-digit inflation and a struggling currency. On Wednesday, the Argentine government signed a fiscal package that includes tax amnesty for individuals who declare up to $100,000, including registered crypto assets. Roberto Silva, president of the…

Fantom Foundation, an L1 using just one consensus layer, has announced a new joint initiative. As per the platform, Sonic Labs and Fantom Foundation are collaborating with Alchemy, a resilient forum that improves and streamlines the creation of blockchain-based apps. The company disclosed this partnership on its official X account. We’re excited to announce our partnership with @AlchemyPlatform 🎉​Alchemy will serve as a key launch partner for #Sonic and offers the following on Opera immediately and Sonic when it launches:​⚙️ Robust blockchain infrastructure and expertise for developers​🌐 Access to… pic.twitter.com/W0ZL95f6B1 — Fantom Foundation (@FantomFDN) July 18, 2024 Fantom Foundation as…

Galatasaray secured its championship in the Turkish Super League with a decisive 3-0 lead by the 75th minute of their final match, leaving Fenerbahçe with little chance of overtaking them. This victory has sparked a notable rise in interest in the Galatasaray Fan Token (GALF), which surged to $7.85, a price not seen since November 2021. However, the token couldn’t sustain this peak for long and eventually dropped below $5, triggering profit-taking among investors. Contents hide 1 Galatasaray Fan Token Price Surge 2 Which Altcoins Are Popular Among Turks? 3 Key Takeaways for Investors Galatasaray Fan Token Price Surge The…

Tren de Aragua (Aragua’s Train), a criminal gang with Venezuelan origins, has been sanctioned by OFAC as a transnational organization engaging in kidnapping, human trafficking, extortion, and other illegal behavior. The U.S. Department of the Treasury also stated that the organization had used cryptocurrency to launder the proceedings of their activities to some extent. OFAC Adds Tren De Aragua as Designated Entity for Various Crimes, Including Crypto Money Laundering The Office of Foreign Assets Control (OFAC) is strengthening its grip on criminal organizations harnessing cryptocurrency for their crimes. The multinational organization Tren de Aragua (Aragua’s Train), which has Venezuelan origins,…