NFT News by Thebittimes.Com

Good fundamental cryptocurrencies with lower market caps can present appealing risk-reward potential in the constantly evolving crypto ecosystem. In this article, Finbold has picked three assets that could reach $10 billion in market value in 2024. However, it is important to understand that the following crypto currencies are either experimental projects or require specific conditions to grow. Specifically considering the regulatory environment. For this list, we looked at fundamental aspects of these projects, including decentralization, security, utility, and competitive advantages against higher capitalized coins. Monero (XMR) could reach a $10 billion market cap In particular, Monero (XMR) is a $2.18 billion market cap cryptocurrency despite being one of the most solid projects. This is the leading native-privacy coin in the market, with an innovative, fully decentralized technology already proven over the years. Picked for you Grok AI predicts Gold price for the e...

When Mark Karpelès’ MtGox exchange went bankrupt in 2014, a decade-long saga began. Nowadays, it’s incredibly difficult to determine who owns MtGox bitcoin claims with many claimants having sold their claims to third-party speculators. In addition, customers have learned that Russian nationals Alexey Bilyuchenko, Aleksandr Verner, and their co-conspirators stole at least 647,000 bitcoin during MtGox’s lifetime — the vast majority of customers’ 850,000 bitcoin. Of those 647,000 bitcoin, 300,000 went to one exchange, BTC-e, whose operator was extradited to the US on money laundering charges. Despite those stolen bitcoin, as of September 2019, MtGox’s Japanese bankruptcy trustee disclosed holdings of 141,686 BTC plus 142,846 Bitcoin Cash (BCH). At today’s prices, its BTC and BCH is worth approximately $4.8 billion . The banktupcy trustee also held hundreds of millions of dollars worth of cash, which has slowly dwindled due to bankruptcy legal fees. As of September 2...

Bitcoin (BTC) can be used as a medium of exchange (MoE), a store of value (SoV), and also as a unit of accounting (UoA), considering the three main use cases for money. For the latter, it is possible to price many different things in BTC, which includes the cost of an iPhone 15, or the market capitalization of fiat currencies worldwide. Interestingly, cryptocurrency service providers are already used to price other assets with Bitcoin as their unit of accounting. In this context, CoinMarketCap is comparing Bitcoin’s market value by pricing some major fiat currencies’ market cap in BTC. For that, the crypto platform multiplies the current price of a given fiat with the available circulating supply of this currency, usually reported by its respective central bank. Notably, the top 20 fiat currencies have a market cap superior to Bitcoin’s current circulating supply of 19.51 million BTC, with the Vietnamese Dong (VND) being the closest one to Bitcoin, with a market cap of 20...

It’s been a turbulent last few weeks for the banking industry, including Credit Suisse. Many banks solvencies are in question. The Financial Times reported that a potential buyout deal between Credit Suisse and UBS has been made. UBS has been negotiating with Credit Suisse over the weekend concerning the buyout. It seems that a deal has finally been reached. According to reports, UBS will purchase Credit Suisse for over $2 billion . JUST IN: UBS to acquire Credit Suisse $CS for over $2 billion , one of the largest banks in the world. — Watcher.Guru (@WatcherGuru) March 19, 2023 Twitter Credit Suisse & UBS Acquisition Details Credit Suisse and UBS are two of Switzerland’s largest banks. Those familiar with the matter state that the deal could be signed as soon as Sunday evening. Furthermore, the deal could be priced around only a fraction of what Credit Suisse’s closing price was on Friday. This move is speculated to potentially negatively affect Credit Suisse’s shareholders....