Author: NBTC

Bitcoin price has outperformed traditional assets like stocks and commodities this year despite the recent drawdown. It has risen by over 30% this year while the Nasdaq 100 and S&P 500 indices have risen by less than 21%. The 2x Bitcoin Strategy ETF (BITX) has also done well as it rallied by 26% this year, bringing its assets to over $1.4 billion. So, is the BITX ETF a good asset to invest in? What is the 2x Bitcoin Strategy ETF? Leveraged ETFs like the ProShares UltraPro QQQ ETF (TQQQ) and the Direxion Daily Semiconductor Bull 3x Shares ETF (SOXL) have…

Partior is a joint venture between DBS, JPMorgan and Standard Chartered aimed at establishing unified blockchain-based interbank payment rails for instant clearing and settlement. Using blockchain-based technology to expedite such banking processes is now fairly commonplace. Partior, a blockchain payment network backed by banking giants JPMorgan (JPM), DBS (D05) and Standard Chartered (STAN), has raised $60 million in Series B funding. The investment was led by Peak XV Partners with contributions from Valor Capital Group and Jump Trading Group, according to an emailed announcement on Friday. JPMorgan, Standard Chartered and existing investor Temasek also joined the round. Partior is a…

Token unlocking, a pivotal event in the life cycle of a cryptocurrency project, refers to the scheduled release of previously locked or vested tokens into the market — an event that can significantly influence the price of these tokens. Typically, these tokens are reserved for team members, early investors, or other stakeholders and are initially locked to maintain market stability and incentivize commitment to the project’s long-term success. From June 3 to June 9, investors should be particularly attentive to these token unlocking events and exercise caution with their investments. When tokens are released into the market, the circulating supply…

French financial watchdogs have added 50 new websites to their blacklist of unauthorized platforms offering forex and crypto-asset derivative investments this year, as part of ongoing efforts to protect investors from potential scams. The Autorité des Marchés Financiers (AMF) and the Autorité de Contrôle Prudentiel et de Résolution (ACPR) identified 24 unauthorized forex sites and 26 crypto-asset derivative platforms since the beginning of 2024. These additions bring the total number of blacklisted sites to several hundred. Among the newly flagged forex platforms are aboveinvesting.pro, fortnomics.com, and westhillcapital.pro. The crypto-asset derivatives category now includes sites such as actions-coins.com, ixxen.com, and tradezila.com.…

The AAA gaming space is absolutely massive (“AAA” refers to the biggest games produced by the biggest developers). To put it into context, it is bigger than the movie and music industry combined – almost 300% bigger. The stories are better and stronger, and the overall experience is more satisfying and enriching. A great example of this is the Grand Theft Auto (GTA) 6 trailer, surpassing 184 million views since December. Large-scale games like GTA have firmly established themselves as a gaming phenomenon and a cultural and economic powerhouse within the entertainment industry. This op-ed is part of CoinDesk’s GameFi…

Bitcoin whale and shark wallets increased by 261 in July, reaching the highest count since May 21, while small traders sold off their holdings. Recent data from Santiment, a market intelligence platform, reveals a significant increase in Bitcoin whale and shark wallets, despite the market dip. In July alone, there was a net increase of 261 wallets holding at least 10 BTC. This spiked the number of wallets holding at least 10 BTC to 152K, the highest since May 21. 🐳📈 Bitcoin whale and shark wallets are increasing in number while small traders sell off their bags during this dip…

South Korea’s crypto community alarms that the impeding 20% tax on crypto gains will drive away investors and can potentially ruin the market. As South Korea‘s 20% tax on crypto gains looms, the local cryptocurrency community expresses its concerns, saying the controversial rate will force investors to leave the market. South Korea’s Ministry of Economy and Finance is planning to impose a 20% tax on the amount exceeding the basic deduction of 2.5 million won (around $1,800), plus an additional 2% local income tax. Initially planned for 2021, the tax’s implementation has been repeatedly delayed and is now scheduled for…

The SEC (Securities and Exchange Commission) is a regulatory agency in the United States responsible for overseeing the securities markets and enforcing securities laws. It’s critical for financial advisors whose clients intend to invest in cryptocurrencies to comprehend the rules. There are several legal edge cases in the cryptocurrency industry, and advisers have a fiduciary duty to work in their client’s best interests, which includes doing everything within their power to shield them from financial loss and legal issues. By being informed about regulatory dangers, clients can avoid cryptocurrency practices that become frauds, scams, or market manipulation. Comprehending rules can…

DappRadar has released its Blockchain Gaming Report defining Q2 2024 as the best quarter since 2022. In fact, the Web3 gaming and dapp sector has raised 1.1 billion dollars in investments. Blockchain Gaming Web3: DappRadar states that Q2 2024 is the best quarter since 2022 Blockchain Gaming Web3: the first dapp is Ronin with 1.9 million new daily wallets The 2023 report and the decline of metaverse projects Blockchain Gaming Web3: DappRadar states that Q2 2024 is the best quarter since 2022 The famous platform that analyzes and tracks data on decentralized apps, DappRadar, has released its Blockchain Gaming Report.…

Axelar Network, a multichain forum unifying Web3 to facilitate developers, has recently announced a significant development. As per the platform, it has joined forces with Ta-da (a solution enabling diversified, high-quality, and cost-effective data collection), to revolutionize the micro-tasking sector. The platform took to its official X account to disclose the respective endeavor. MOAR #InterchainTokens!@Ta_da_io is a micro-tasking platform backed by blockchain, where users can complete tasks to earn crypto, providing high-quality data for AI models.$TADA is now available on @BNBCHAIN, the 1st step in their multichain strategy 🦾 🟠 pic.twitter.com/ThlWRu40qK — Axelar Network (@axelarnetwork) July 12, 2024 Axelar Network…