Author: NBTC

According to a recent report by Bloomberg, the South Korean won has emerged as the new darling of cryptocurrency traders, surpassing the U.S. dollar. In the first quarter of 2024, the Korean won managed to generate $11 billion more in volume compared to the greenback. The growing popularity of altcoins in South Korea is one of the key reasons behind this phenomenon. Smaller tokens account for the vast majority of the aforementioned volume. Moreover, there is growing competition among local cryptocurrency exchanges. Bithumb and smaller exchanges are trying to eat away at the market share of Upbit, the current crypto…

On March 14, with Bitcoin trading at around $73,115, Gary Tiu, Executive Director & Head of Regulatory Affairs at OSL Group, provided an in-depth analysis of the evolving landscape of spot Bitcoin ETFs in Hong Kong during his appearance on Bloomberg TV’s “The China Show.” His discussion with Yvonne Man and Annabelle Droulers shed light on the anticipation surrounding the introduction of these ETFs, the intricacies of the supporting infrastructure, and the broader implications for the digital asset market in Hong Kong. OSL Group, previously known as BC Technology Group, has established its presence in the digital asset market, providing…

Ripple CTO David Schwartz has recently addressed the persistent confusion surrounding the naming of XRP and Ripple, shedding light on the longstanding debate within the XRP community. Despite originating from common roots, the two entities are often erroneously conflated as one, a misconception that has endured over the years. The discussion was ignited by community enthusiast and lawyer Bill Morgan, who highlighted an instance in which XRP was incorrectly labeled as Ripple on the Australian Crypto Convention’s website. This sparked a broader conversation within the community, with participants delving into the historical context of the naming confusion. David Schwartz, a…

In the ever-turbulent crypto exchange ecosystem, the recent departure of key executives from OKX has sparked speculation and concern. This pattern resembles the earlier situation at Binance, one of the world’s largest crypto exchanges. Why OKX Employees Are Quitting? Tim Byun, former CEO of Okcoin and later Global Government Relations Officer at OK Group, and Wei Lan, Head of Product at OKX, have reportedly left their positions. As OKX merges its operations into a single global brand, the employees’ departures raise serious questions about the company’s stability and future. Tim Byun is a well-known figure in the crypto community. After…

Bitcoin saw a sharp pullback from its all-time high of $73,750, falling to $65,630, reflecting a 12.3% decline. Over $810 million in crypto assets were liquidated from the global market. After soaring to new heights, Bitcoin’s (BTC) bullish momentum has hit a snag as the cryptocurrency experiences a significant pullback. Following its record-breaking peak of $73,750 on March 14, Bitcoin displayed a sharp decline, plunging to $65,630, marking a 12.3% drop. The sudden decline in Bitcoin’s price has resulted in over $278.77 million worth of BTC being liquidated in the last 24 hours. Also, a Binance deposit wallet moved 4,637…

Billy Markus, who developed and launched the original meme cryptocurrency Dogecoin in collaboration with Jackson Palmer in 2013, has taken to the social media platform X (formerly known as Twitter) to share his take on the bloodbath on the crypto and stock markets that was observed just recently. Sharing a screenshot of possibly the list of the assets he is invested in, Markus (known on X as “Shibetoshi Nakamoto”) made a comment on what is happening, triggering a wide response from his army of followers. DOGE founder’s crypto and S&P 500 tweet Billy Markus has shared a screenshot of an…

Crypto.com, a global cryptocurrency exchange, has announced a new Rewards+ program. Tailored with the crypto community in mind, the loyalty program aims to reward user support by fostering growth. Rewards+ benefits ✨Rewards+✨– the loyalty programme built for all – is now available worldwide 🌎✅ Up to 10% p.a in Earn Plus bonuses✅ Up to 8% back in https://t.co/vCNztATSCO Visa Card rewards✅ Up to 4x referral booster🆕 Trading rebatesActivate your rewards now 👉… pic.twitter.com/cw33UHQR29 — Crypto.com (@cryptocom) April 16, 2024 Rewards+ is set to offer a plethora of benefits tailored to match trading activity. Notably, traders will gain Earn Plus bonuses…

Despite the ongoing correction, many predictions about the price of Bitcoin remain positive. For now, it does not seem that the correction has compromised the medium-term trend, which leads up to the halving in mid-April. The correction in progress and the price predictions for Bitcoin in 2025 The current market situation Optimistic forecasts, despite the correction of the Bitcoin price What will BTC miners do? The correction in progress and the price predictions for Bitcoin in 2025 Yesterday, the price of Bitcoin had reached its new all-time high at over $73,800. As has happened several times in the recent past,…

Ripple’s XRP experiences a staggering 2703% increase in tokens on the Coreum Network. Anticipation of a supply shock and heightened interest in Ripple’s XRP hint at a potential price surge to $3. The recent announcement of Ripple’s expansion of its On-Demand Liquidity (ODL) corridor has had a substantial impact on the XRP ecosystem. A report from Ailtra Platform highlights this expansion, which correlates with a remarkable increase in XRP token volume, stirring excitement and speculation within the XRP community about its future valuation. This development is part of Ripple’s broader strategy to enhance its ODL service, which utilizes XRP as…

According to the application-specific integrated circuit (ASIC) mining rig manufacturer Bitmain, the firm is gearing up to introduce its latest Scrypt miner. The L9, which boasts a hashrate of up to 16,200 megahash per second (MH/s) and energy efficiency of 0.21 joules per megahash (J/M) mines litecoin, dogecoin, and digibyte. Bitmain Set to Launch L9 Scrypt Miner in May for Litecoin and Dogecoin Miners Bitmain announced on Tuesday its plans to launch the new L9 Antminer in May. The company declared on social media that the forthcoming ASIC stands as an “unchallenged miner” for crypto assets like LTC, DOGE, and…