Author: NBTC

A crypto revolution is underway in Thailand, bolstered by the country’s strategic location in Southeast Asia, which makes it an appealing destination for crypto companies and investors. Beyond Thailand’s geographical advantage, the current government is adopting friendly policies that offer relative comfort for crypto practitioners, guaranteeing more safety and sustainability, compared to other regions worldwide. Thailand ranks among the world’s top ten most crypto-friendly nations in terms of adoption. It was one of the first nations to regulate the crypto industry, taking a cue from the unfortunate events resulting from the collapse of Luna and Terra in South Korea. The…

Crypto markets continue to grapple with liquidity fragmentation, leading to persistent price discrepancies across exchanges. According to a recent Kaiko report, these disparities are diminishing over time, but they remain prominent on smaller, less liquid exchanges, especially during market events like the recent sell-off seen last week. Price slippage occurs when the expected price of a market order differs from the execution price and is a key liquidity indicator. During the sell-off on Aug. 5, Kaiko calculated that most exchanges showed an increased slippage in their Bitcoin (BTC) orders of $100,000. Notably, the spike was much more pronounced on some…

Cryptocurrency naysayer Peter Schiff recently managed to come up with a reason why Nvidia’s astronomical rise is actually bearish for Bitcoin. Schiff has noted that each graphics processing unit (GPU) produced by Nvidia contains some gold. However, it contains zero sats. The comparison was meant to highlight Bitcoin’s alleged lack of utility. Moreover, Schiff said that Bitcoin actually needs gold due to GPU mining: “Bitcoin needs gold. Gold does not need Bitcoin. Nothing needs Bitcoin,” he said. Gold is a crucial component of GPU microchips alongside some other metals like copper. Despite the high cost of the yellow metal, Nvidia…

Cryptocurrency exchanges started adding Hamster Kombat token to their premarket trading platform. The token of the popular tap-to-earn game Hamster Kombat (HMSTR) has appeared in premarket trading on several exchanges. Thus, crypto exchange Bybit announced on July 8 that it had added the HMSTR token to its premarket trading platform. Users can purchase or sell coins through the order system. At the time of writing, the highest price reached $137, and the lowest was $0.001. In June, the KuCoin cryptocurrency exchange also announced the premarket of the Hamster Kombat coin. Although the start of trading has been postponed several times,…

Pro-Bitcoin Democrat House Representative and lawyer Ro Khanna expects the Biden administration to release a crypto regulation roadmap “in the coming weeks” following recent discussions between the White House and the industry leaders. In an Aug. 12 post on social media platform X, Khanna stated: “I’m hopeful that as a consequence of these meetings, the Administration will issue a positive statement in the coming weeks with a roadmap signaling the path toward reasonable regulation.” He said the new regulations will help companies stay compliant while promoting innovation and job creation in the US. Khanna emphasized the sector’s importance for the…

IceCreamSwap, a popular decentralized exchange that uses trading solutions driven by artificial intelligence, has announced a new partnership. The new collaboration between IceCreamSwap and SwanChain denotes a significant landmark for both entities, targeting improvement in the effectiveness and efficiency of the DeFi operations. The DEX took to its official social media account to offer insights into this endeavor. New Partnership Announcement!We are thrilled to announce our partnership with @swan_chain!SwanChain is an Ethereum Layer2 designed to enhance decentralized computing networks. IceCreamSwap will deploy on SwanChain, offering users more efficient trading opportunities with… pic.twitter.com/wC2GGHA8Xj — IceCreamSwap (@icecream_swap) August 12, 2024 IceCreamSwap and…

US spot Bitcoin ETFs record $152.42M in net outflows on Tuesday. Total trading volume for Bitcoin ETFs reaches $1.7 billion. Bitcoin faces potential 8-12% correction, may drop to $60,000. The U.S. spot Bitcoin exchange-traded funds (ETFs) have seen a notable decline in investor interest, with a recorded $152.42 million in net outflows this past Tuesday. This marks a continued downtrend, being the fourth consecutive day of net outflows. The largest outflow was observed from Fidelity’s FBTC, which saw $83 million leave its coffers, significantly impacting its financial standing. Shift in Market Dynamics Among other notable ETFs, Grayscale’s GBTC reported substantial…

The downward trend in Bitcoin and altcoins, which started in June after the German government sales, caused the price to drop to $ 53,600 in early July. While BTC and altcoins gave a signal of recovery after the deepening declines last week, whales, who tend to take advantage of the declines, did not remain idle and bought altcoins. Accordingly, while the market was recovering, on-chain data tracking platform Nansen announced the most purchased cryptocurrencies in the last 24 hours. According to Nansen data, whales generally turned to Ethereum (ETH)-based cryptocurrencies. Accordingly, while WETH, cbETH, stETH were among the top altcoins…

While U.S. crypto insiders continue to pound away at a noncommittal Biden administration, a more urgent mission is developing to find out the digital assets views of Vice President Kamala Harris, though her dual life as vice president and presidential candidate may interfere with taking a strong stance. Industry insiders have been conducting meetings with officials connected to the White House, and though one of those meetings last week included a senior adviser from Harris’ own office, the sessions have been predominantly one-sided and had nothing to do with her campaign. Meanwhile, some crypto executives and investors are pursuing a…

The B.C. Securities Commission has ruled that the crypto platform ezBtc defrauded its customers, diverting $9.4 million to gambling, personal use. A panel from Canada‘s British Columbia Securities Commission has found that a crypto trading platform based in British Columbia, dubbed “ezBtc,” engaged in fraudulent activities by misleading its customers and diverting approximately C$13 million (over $9.4 million) of their assets to gambling. In a press release on Aug. 12, the BCSC said that the platform, established by former British Columbia resident David Smillie, assured customers that their crypto holdings would be stored only in “cold storage.” However, the BCSC…