Author: NBTC

OkayCoin, a cryptocurrency exchange, has officially launched in South Korea. According to a June 15 press release, the move aims to cater to the growing demand for crypto staking services across the region. The team also claims the move is in response to the increasing adoption of blockchain-based digital assets and investors’ desire for passive income. The global interest in crypto is on the rise. For the uninitiated, staking allows investors to earn rewards by participating in the network operations of certain cryptocurrencies, providing a source of passive income. This trend has seen a surge in demand for efficient staking…

Ethiopia, Africa’s second-largest country, is witnessing a Bitcoin (BTC) mining boom fueled by power agreements with Chinese firms. Colin Wu, a prominent Chinese cryptocurrency journalist, reported that Ethiopia, with a population of 115 million, now has more than 1.8 million cryptocurrency users. The Ethiopian Energy Authority has entered into power agreements with 21 Bitcoin mining companies, 19 of which are from China. Local mobile money platforms have already enabled users to buy and sell cryptocurrencies and stablecoins through Binance and Paxful. The Evolution of Ethiopia’s Stance on Crypto In June 2022, Ethiopia’s central bank, the National Bank of Ethiopia (NBE),…

Veteran trader Peter Brandt has made an epic new prediction about Bitcoin’s future value relative to gold. According to analysis, Bitcoin (BTC) is set to keep on going up against precious metal over the next 12 to 18 months. He foresees that the number of gold ounces needed to buy one Bitcoin would eventually reach 100, which would mean a 344% rise in Bitcoin’s current value compared to gold. Since its inception Bitcoin $BTC has gained against Gold. This chart shows the # oz. of $GC_F to buy one BTC. The ratio should chop for another 12 to 18 months…

Bitcoin Ordinals have emerged as a novel way to enhance the functionality and use of Bitcoin, the original cryptocurrency. By leveraging Bitcoin’s blockchain in a new and innovative manner, Ordinals bring unique value propositions and helps to revitalize Bitcoin’s developer community. What Are Bitcoin Ordinals? In simple terms, Bitcoin Ordinals are digital collectibles created by inscribing content like art or media onto individual satoshis on the Bitcoin blockchain. Each inscribed sat is one-of-a-kind and can be owned, collected, and traded like a non-fungible token (NFT). Ordinals allow for the assignment of a unique number to each individual satoshi (sat), which…

Key Points: The 2024 ZKsync token airdrop faces issues due to bots mimicking real users. 3.675 billion ZK tokens will be distributed starting June 17, with claims open until January 3, 2025. ZK Nation announced that the 2024 ZKsync token airdrops will encounter significant challenges due to the presence of millions of bots operated by advanced industrial farms. ZKsync Token Airdrop Faces Bot Mimicry Challenges These bots exhibit behaviour patterns nearly identical to real users, rendering traditional activity-based airdrops ineffective for building sustainable communities. Despite acknowledging shortcomings in the ZKsync token airdrop design, ZK Nation believes the trade-offs made are…

According to a Sunday report by the Korea Times, South Korean cryptocurrency exchanges are set to reassess the listing status of roughly 600 cryptocurrencies. As part of the reevaluation process, the exchanges are supposed to task their in-house decision-making bodies with determining what digital assets could potentially face delistings. Potential delisting decisions will be made based on such factors as the state of the developer team behind the token, the level of security as well as regulatory compliance. Such reassessments will have to be conducted every six months, according to new requirements. Earlier this week, Regulation Asia reported that the…

While Bitcoin continues to consolidate in the $67,000-68,000 range, analysts generally think that BTC is giving a bullish signal and will rise in the short term. At this point, while analysts argue that US inflation data is important for the course of BTC, crypto options trader and market analyst Chang explained the negative factors affecting BTC. Speaking to Coindesk, analyst Chang said that macroeconomic developments may prevent Bitcoin from rising to higher levels. Stating that increasing bond yields pose a risk for Bitcoin, Chang said: “Bitcoin remains strong, but macro factors threaten BTC’s rise. Bond yields are highly unstable and…

This week marked a significant downturn for the non-fungible token (NFT) market, which saw sales drop by almost 16% off the back of a 17% surge in the previous week. Per CryptoSlam, total sales hit $121.7 million, with more than 519,000 buyers and sellers actively trading. Blockchain NFT sales breakdown The Ethereum (ETH) network led the charge with $39.28 million in sales, a notable 14.48% increase from the previous week. This surge was accompanied by a marked increase in the number of active buyers on Ethereum’s NFT space, with the number going up nearly 48% to reach 23,586. The network…

In 2024, several altcoin projects have secured substantial funding, showcasing growing investor confidence in the cryptocurrency market. These initiatives are also attracting attention for their financial backing and for their potential to drive innovation and efficiency in the industry. Largest Altcoin Fundraises Leading the charge is Monad, which has raised $225 million. This new Layer-1 blockchain is designed for speed and interconnectivity, boasting capabilities like 10,000 transactions per second, one-second block times, and single-slot finality. Monad’s EVM compatibility further improves its appeal, positioning it as a significant player in enhancing blockchain efficiency and scalability. Berachain has also made a notable…

South Korea’s financial authorities plan to reassess the listing of approximately 600 cryptocurrencies traded on domestic exchanges. This strict review aims to ensure compliance with new regulations under the Virtual Asset User Protection Act, effective July 19. Delisting Concerns Rise as South Korea Tightens Crypto Regulations Local media recently reported that the South Korean government has finalized a best practice plan for virtual asset transaction support. This plan outlines strict new requirements for listing cryptocurrencies on domestic exchanges. The current system, where exchanges conduct their own internal reviews, will be supplemented by a stricter review process established by the authorities.…