NFT News Daily Offcial TheBitTimes.com

The New Development Bank (NDB), commonly called the BRICS bank has expanded lending in local currencies. The bank is moving away from the US dollar and prioritizing currencies of member nations. The Chinese yuan, Russian ruble, and Indian rupee are among the currencies being disbursed for loans. The BRICS bank has lent 25% of loans until July 2025 in local currencies, confirmed Dilma Rousseff, President of the NDB. She explained that using local currencies reduces foreign-exchange risk and also saves millions in forex rates. In addition, it also strengthens the alliance and boosts the agenda of cutting reliance on the US dollar. Also Read: Russia Begins Mega De-Dollarization Drive For BRICS BRICS Bank Disburses 25% Loans in Local Currencies Source: Wikipedia Only 75% of all loans lent by the NDB cover the US dollar and other Western currencies. Apart from disbursing 25% of loans in local currencies, 40% of the BRICS bank’s lending supports long‑term sustainable infrastructure and ...

Bitcoin’s (BTC) surge to a record high of $119,370 has triggered $123.19 million in short liquidations across major crypto exchanges over the past 24 hours, catching bearish traders off guard. Binance led with $43.04 million in cryptocurrency short liquidations, followed by Bybit with $37.17 million and OKX with $15.67 million, according to on-chain data retrieved by Finbold from Coinglass on July 13. Other affected exchanges included Gate.io ($12.63 million) and HTX ($7.32 million). Overall, 62.44% of all liquidated positions were shorts.  24-hour cryptocurrency exchange liquidation. Source: Coinglass A breakdown of specific cryptocurrencies shows that over the past 24 hours, Bitcoin led the losses with $34.06 million in short liquidations, followed by Ethereum (ETH) at $22.04 million, XRP at $5.64 million, and Solana (SOL) at $2.61 million. Total cryptocurrency liquidation. Source: Coinglass The liquidations were driven by a short squeeze, as Bitcoin...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

In the fast-evolving world of digital entertainment, Gaming NFTs (Non-Fungible Tokens) have emerged as one of the most transformative innovations. While the concept has sparked excitement and controversy alike, the true value of Gaming NFTs goes far beyond speculation or collectible hype. At their core, these digital assets are reshaping ownership, creativity, and economies within virtual worlds. What Are Gaming NFTs? Gaming NFTs are unique, blockchain-based tokens that represent digital items — weapons, skins, characters, lands, or even full experiences — within a game. Unlike traditional in-game items, NFTs are decentralized, provably owned by the player, and tradable across different platforms or marketplaces. The Real Value of Gaming NFTs True Digital Ownership Unlike traditional games where items are stored on centralized servers (and can be deleted or restricted by the game company), NFTs give players full ownership of their assets. Players can sell, trade, or even lease their N...

Bitcoin is currently sitting at $111K, up 2% in the last 24 hours. While the token has noted heavy corporate adoption with a consistent increase in institutional interest, the retail sentiment is yet to hit BTC, which can help the token go truly parabolic in all ways. There are five top signs that can indicate that retail is now making a comeback, which can help investors figure out their next “hodling” strategies. Here are the top five signs that directly convey that the retail sentiment is getting back into the mainstream cryptocurrency market. Also Read: MicroStrategy To Post $14 Billion Unrealized Gains in Bitcoin in Q2 Four Signs Telling Retail Sentiment Is Back Into The Cryptocurrency Market Source: Watcher Guru First and foremost, retail sentiment refers to average investors and their steady investments that help shape the future of the cryptocurrency market. While Bitcoin has been documenting a steep rise in its institutional adoption, its price remained stagnant as retail inte...

Forex traders have now started to short US dollars, playing on expectations underlining the prolonged weakness of the USD. This development has now led traders to bet big on new currency competitors, the ones that have remained underground for long but have now started to lead the economic world as the US dollar continues to weaken. If the aforementioned trend continues, these three currencies may very well end up toppling the US dollar. Also Read: New Zealand To Ban Cryptocurrency ATMs To Target Laundering The New Currency Trifecta Is Endangering the US Dollar Dominion Source: Watcher.Guru The Wall Street traders are getting lucrative, busy shorting the US dollar. At the same time, these traders have now opened long positions on the euro, all while exploring new currency competitors that can help them secure stable profits. The US dollar’s plunge in recent times has shaken investor sentiment, leading them to explore alternatives in its wake. Per the recent SCMP report, traders ar...

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer ...

A group of technical analysts has convinced themselves that the price of bitcoin (BTC) strongly correlates with M2 money, yet their compelling charts decorrelate on even the simplest zoom modification. Of course, the narrative of BTC — set in stone since Satoshi Nakamoto’s genesis block inscription about bank bailouts — is that BTC should displace fiat. Motivated to find data supporting this narrative, technicians discovered M2, overlaid it atop BTC, and published screenshots to social media. Technical analysts chart prices and trading volumes in an attempt to find predictive signals. According to some investors, the global stock of money, as measured by a 100-day offset M2, is a strong signal for the price of BTC . This particular comparison has become popular on X. However, Protos has illustrated how these data inputs can be decoupled simply by editing the zoom setting from 2021 to present (left) to 2019 to present (right). 2021 – present ...

A crypto strategist with a history of timely Bitcoin (BTC) calls believes that the digital asset market will flourish this month. Pseudonymous analyst Pentoshi tells his 868,800 followers on the social media platform X that he sees the crypto markets rallying this month amid a slew of bullish catalysts. “It’s the start of a new quarter and a new month. It’s also Jubilant July. I gotta say. I feel extremely refreshed for the first time in a long time with all the positives happening. Stablecoin legislation is moving forward. More rails are being connected with traditional finance, banks and consumers. Crypto will continue to grow as a focus in global markets. Let’s also not forget the fiscal and monetary tailwinds that are coming.” As for the fiscal tailwinds, the analyst says that the US is positioning to ease monetary policies to stimulate economic growth, while Bitcoin and US equities are in a strong uptrend. “If you’re bearish, consi...

SHIB is stuck in a rut with its price barely scraping the ground delivering little to no gains to traders. In the last six months, every entry position has met with losses and day traders have completely exited the token. There is no volatility as its price starts and ends the day either trading sideways or dipping in the indices. The price dip comes at a time when Shiba Inu investors are dreaming of making a million or more in profits. Also Read: What Did ETH Founder Vitalik Buterin Do With 505 Trillion SHIB Tokens? Source: Coingecko Forget earning a million anymore, investors are doubtful if they will ever recover their invested amount in Shiba Inu. A green candle in the 24-hour chart is rare and the development is testing the patience of investors. Such is the scale of its dip as its price has come to a grinding halt in the cryptocurrency market. A quick recovery in price is not on the horizon as the meme currency is not moving in tandem with Bitcoin’s price this year. Making a...