Author: NBTC

The Middle East has emerged as a hotspot for cryptocurrency adoption, according to a recent report by Bitget Research. The average daily number of crypto traders in the region soared to 500,000 in 2024. This figure represents an increase of 166% year-over-year. The leading country is the United Arab Emirates (UAE), where 72% of crypto users are actively investing in Bitcoin. This surge in adoption is driven by several factors, including favorable regulatory frameworks, the approval of Bitcoin ETFs, and the overall bullish sentiment in the cryptocurrency market. Centralized crypto exchanges globally have experienced a surge in users from the…

In the volatile world of cryptocurrency trading, timing is always one of the most important skills. Here are the top five failures where investors miss out on potential wealth in 2024. Solana user with short address 9Vdm was an early adopter of the Dogwifhat (WIF) altcoin, purchasing 40.7 million tokens for just $10,000 in the first two weeks of its launch. Unfortunately, three days later he sold his entire holding for a loss of $5,000. If he had kept his investment, he would be worth a staggering $156 million today. The 4QEC short address wallet purchased a total of 81…

Crypto airdrops have become a staple for GameFi executives eager to establish a large player base. Despite their popularity, these strategies increasingly face scrutiny due to their limited impact on enhancing gaming experiences. These initiatives highlight the critical challenge of aligning player incentives with sustainable game development. GameFi Founders Discuss the Challenges Around Crypto Airdrops Kieran Warwick, the founder of Illuvium, candidly shared in a recent interview that crypto airdrops are a very easy way to get market share. However, Warwick quickly noted a significant flaw in relying heavily on these tactics. “The problem with that is if you’re using…

Bitcoin has been on a meteoric rise, shattering previous all-time highs and cementing its status as the apex cryptocurrency. However, a closer look at the technicals suggests we may be approaching a juncture where the momentum could stall, potentially leading to a stalemate. Here are three reasons that might cause the Bitcoin/USDT chart to enter a period of consolidation around current levels. Psychological resistance at all-time highs: Bitcoin’s recent ascent has been nothing short of spectacular. However, as the price hovers around the all-time high, we approach a psychological resistance level. Investors who previously bought at highs might look to…

As the classic weather forecast goes in the Northern Hemisphere, April showers bring May flowers. Will it hold up for crypto exchange markets in Q2 of 2024 after a sharp correction this April? And if the market does recover in May, whose flowers will bloom brightest? Bitcoin price‘s four-year bull run seems imminent, but will Binance, Solana, Cardano, or Aptos lead DeFi gains in the second quarter, or will the king smart contract coin, ETH, fly furthest up the chart? Ethereum prices are up by almost 100% for the trailing 12-month period. Ether is down over 4% from 30 days…

Venezuela is preparing to accelerate its transition to cryptocurrencies as the United States reimposes oil sanctions on the country. According to Reuters, based on sources with knowledge of the plan, state-run oil company PDVSA plans to increase the use of digital money in crude oil and fuel exports. The U.S. Treasury Department recently gave PDVSA’s customers and providers until May 31 to terminate operations under the general license, which it did not renew due to a lack of election reform. This move will make it more difficult for Venezuela to increase its oil production and exports, as companies will have…

Ethena (ENA) developer company Ethena Labs has announced the addition of Bitcoin as the collateral asset for its “synthetic dollar” USDe. The project, which recently distributed airdrops to its users, some of them via Binance Launchpool, claimed that this Bitcoin move would enable its USDe token pegged to the dollar to scale more than 2.5 times. “As Ethena approaches $10 billion, this provides more robust support and ultimately a more secure product for users,” the official statement said. The current USDe supply is estimated to be worth approximately $2 billion. Ethena Labs also said Bitcoin has a superior liquidity and…

Outspoken Cardano founder Charles Hoskinson surprised Crypto Twitter last week when he announced his “first game is coming out,” alongside a trailer for a game launching on blockchain gaming platform Gala. When one user asked about it, Hoskinson simply replied, “I have six companies.” With Voyager: Ascension out today on Gala’s new GalaChain network, now we know a bit more about this particular company—and what Hoskinson’s involvement is. RFLXT, the company behind the game, is an Input Output Global portfolio company, and Hoskinson is the co-founder and CEO of IOG. Hoskinson “doesn’t have a position within RFLXT itself,” a RFLXT…

Block, the digital payments company co-founded by Jack Dorsey, has completed the development of its advanced three-nanometer (3nm) Bitcoin mining chip. Following the latest development, Block now focuses on building a full Bitcoin mining system, the company shared in a blog announcement on Tuesday. we’re building a mining rig https://t.co/IKOQHNSHgO — jack (@jack) April 23, 2024 The announcement follows the prior development and testing of a five-nanometer (5nm) mining chip prototype. The new 3nm chip is designed to deliver high performance, necessary for mining operators to remain competitive in the current and future mining epochs, particularly after the recent fourth…

As the Bitcoin (BTC) bull run continues, recent data shows that despite the cryptocurrency’s significant price increase, millionaire wallets are increasing at a slower pace compared to the frenzy seen during the 2020-2021 uptrend. Data Reveals Bitcoin Bull Run Producing Millionaire Whales at Slower Pace Bitcoin, the leading cryptocurrency by market cap, has surged 70% since the beginning of the year, breaking previous records and trading above $72,000. This rise comes on the heels of last year’s remarkable 155% increase from the depths of a difficult bear market. According to data compiled by Paris-based Kaiko, the current bull run is…