Author: NBTC
Bitcoin’s price on December 1, 2024, hovers around $97,124, reflecting a consolidation phase as the cryptocurrency market evaluates its next directional move. Bitcoin The 1-hour chart reveals bitcoin (BTC) recently rebounded after touching a low of $95,758. It is now trading within a narrow range of $97,000 to $97,500. Current chart patterns show indecision, and tapering volume during this consolidation phase indicates traders are awaiting a breakout. A move above $97,500, confirmed by strong volume, could signal bullish momentum, while failure to sustain $96,500 may trigger a downside. Key technical indicators support this mixed outlook. The relative strength index (RSI)…
Ripple CEO Brad Garlinghouse appeared in an interview on 60 Minutes, airing on December 8, 2024, where he discussed the company’s ongoing legal fight with the U.S. Securities and Exchange Commission (SEC). Garlinghouse criticized the SEC’s approach, stating that it was a key reason why Ripple and two other companies formed the industry super PAC, FairShake, to fight back against what he described as a “war on crypto.” He suggested that FairShake might not have existed if the SEC had a different chairman than Gary Gensler. When an SEC spokesperson said that the amount spent by the crypto industry on…
Orochi Network has recently announced an exclusive collaboration with OG Labs. The partnership targets to increase efficiency and security in the AI and blockchain ecosystems. Both the platforms focus on elevating the data integrity over blockchain technology. This collaboration leverages zkDatabase, verifiable randomness with Orand, and Oracle service with Orocle. Combining OG’s expertise concerning AI computational requirements and Orochi’s focus on zkVMs leads to an innovative and secure ecosystem. Orochi is excited to announce a strategic partnership with @0G_labs 🤝Together, we aim to elevate security and efficiency, driving the future of AI forward: https://t.co/EfYNHfqOdaThis partnership centers on the integration of:🔻…
Bitcoin’s astronomical price rise shows the coin is now coasting along at $97,227 per coin on Sunday, Dec. 1, 2024, at 11:57 a.m. With a $100,000 milestone in sight, it’s been sparking questions about its appeal—or lack thereof—among retail investors. The Gold Standard Trap: Bitcoin’s Struggle With Retail Appeal Bitcoin (BTC) has reached unprecedented heights, currently priced at $97,227 per coin, edging closer to a psychological $100,000 barrier. Yet, this bull market in 2024 contrasts sharply with earlier rallies in 2017 and 2021, which were characterized by lots of retail enthusiasm. The current surge is driven predominantly by institutional investors,…
Large transactions by “crypto whales” can significantly influence market trends and token valuations in the constantly evolving world of cryptocurrency. Recently, a noteworthy transaction involving Chainlink (LINK) tokens has caught the attention of market analysts and investors, potentially signaling a bullish movement for LINK. A whale is long $LINK!This whale withdrew 390,230 $LINK($9.68M) from #Binance and deposited it to #Aave 9 hours ago.Then he borrowed 4M $USDT from #Aave and deposited it to #Binance, possibly buying more $LINK!https://t.co/BQvctNaaVe pic.twitter.com/aPUiqeaO0D — Lookonchain (@lookonchain) December 8, 2024 According to Lookonchain, A significant player in the crypto space, known as a “whale,” made…
HeLa Space has started a new partnership with Fruits Ton, a mini-game developed on the TON ecosystem. The partnership has created a buzz concerning the gaming and crypto communities. The platform disclosed this development on its official social media account. We’re thrilled to announce our newest community collaboration with @fruits_tonFruit Ton is a fun-filled mini-game within the TON ecosystem where you can merge fruits, smash watermelons, and win real USDT rewards — all conveniently within Telegram!Collaboration for success and… pic.twitter.com/pHeStR05ji — HeLa Space 🍀 (@HeLa_Labs) December 26, 2024 HeLa Space and Fruit Ton Join Forces to Transform Blockchain Gaming HeLa…
Shibarium network surpasses 2 million wallet addresses, processing 620+ million transactions with a 5-second average block time. Shibarium generates over 8.2 million blocks and handles 4 million transactions daily, showcasing scalability and efficiency. SHIB token price rose 20.47% in a month, driven by 3 billion SHIB burned and Shibarium’s ecosystem growth. The Ethereum-based Layer-2 scaling solution, Shibarium, has reached a significant milestone by surpassing 2 million wallet addresses on its network. According to data from Shibariumscan, the total number of registered addresses now stands at 2,003,042. This milestone, achieved within 16 months of its launch, highlights the rapid growth and…
A token created by Mark Longo to honor his euthanized pets has plummeted over 99% since its November 26 launch, with on-chain data revealing significant selling pressure as controversy grows over the project’s inception. The Justice for Pnut and Fred (JUSTICE) token, launched through Solana-based meme coin platform Pump.fun, is now trading at $0.0003834, marking a dramatic decline from its initial trading levels. The project’s market capitalization has contracted to $375,960 despite maintaining over 31,000 holders, according to data from GeckoTerminal. Longo did not immediately respond to Decrypt’s request for comment regarding the token’s performance. The launch came after Longo…
Binance expects India to lead global crypto regulation in 2025, driven by progressive frameworks aimed at boosting trust, fostering innovation, and expanding blockchain utility. Will 2025 Be the Year India Leads the Global Crypto Regulatory Race? India’s role in cryptocurrency regulation is drawing attention, with Binance expressing optimism that the country will take a leading position in 2025. Vishal Sacheendran, Head of Regional Markets at crypto exchange Binance, emphasized the importance of clear regulatory frameworks to foster growth and trust in the sector. He remarked: We are hopeful that in 2025, India will take the lead in forming progressive and…
Though the month isn’t quite over yet, bitcoin miners have already outperformed their November earnings, amassing $1.33 billion in December with two days still on the clock. Bitcoin Ends the Year With Record Hashrate and Higher Revenue This uptick in revenue has been fueled by stronger bitcoin prices, but there’s a twist. The hashprice, which measures the estimated value of 1 petahash per second (PH/s) of SHA256 output, has dipped compared to 30 days ago. Back then, it was hovering around $61.78 per PH/s, whereas today, it stands at $55.57. Meanwhile, Bitcoin’s hashrate surged to an all-time high of over…