Author: NBTC
Since its inception, Bitcoin has continued to challenge the financial status quo, offering investors all over the globe with an asset that goes against the traditional notions of value storage and investment. Often referred to as “digital gold,” Bitcoin has transcended its initial perception as a speculative financial instrument — as evidenced by its remarkable performance in 2024. To elaborate, since the beginning of the year, the cryptocurrency has experienced a surge of 150%+, rising from approximately $62,000 to around $98,300. Bitcoin’s key performance metrics (source: Coingecko) This unprecedented growth stands in stark contrast to various traditional offerings. For instance,…
Franklin Templeton, a leading asset management company, has achieved another milestone in its DeFi implementation process. The firm recently launched its innovative tokenization project, Benji, on Ethereum, marking its fifth platform integration this year after Aptos, Avalanche, Arbitrum, and Base. Notably, Benji is now available on seven platforms, joining its previous presence on Stellar and Polygon. 🚨$1.6 TRILLION FRANKLIN TEMPLETON’S TOKENIZATION PLATFORM!Sandy Kaul is the Head of Innovation Strategies at Franklin Templeton talks about the firm’s Benji Tokenization platform which includes a KYC AML Wallet system. The Benji tokenization platform was recently launched on… pic.twitter.com/ElNcuzmf8R — Tony Edward (Thinking Crypto…
Amid the declining price performance of Ethereum (ETH) on the cryptocurrency market, whales are actively making decisive moves. Recently, an Ethereum whale stunned the crypto exchange Coinbase with a major transfer. Institutional confidence amid price decline According to Whale Alert, the whale transferred 6,663 ETH worth $22,285,102 from Coinbase to Coinbase Institutional. The move from a retail exchange to a platform catering to institutional investors suggests continued interest despite the declining price. Analysts suggest that the transfer could mean that a large investor or institution moves funds for long-term holding, trading, or custody. 🚨 6,663 #ETH (22,285,102 USD) transferred from…
The United States is staring down the barrel of another financial crisis, with the Treasury Department confirming it will hit a new debt ceiling just days before Donald Trump returns to the White House. Treasury Secretary Janet Yellen sent a warning to Congress, saying the debt limit will reset to match the current $36 trillion in national debt on January 2, 2025. A small $54 billion reduction in federal trust fund securities will provide a sliver of breathing room, but that will disappear fast. By mid-January, the Treasury will be forced to use “extraordinary measures” to keep the government’s lights…
QuarkChain has announced a significant achievement. Their joint proposal with EthStorage, titled “Research and Development on Multi-Section Fault Dispute Game”, has been awarded a 77K OP grant from Optimism Retro Funding 5. The news was shared on QuarkChain’s X account. We are proud to share that our joint proposal with @EthStorage—’Research and Development on Multi-Section Fault Dispute Game’—has been awarded a 77K OP grant from @Optimism Retro Funding 5!This research aims to extend bisect-search fraud proofs to K-section-search fraud proofs… https://t.co/qFjAuRGGKU pic.twitter.com/UkTZQZwh1v — QuarkChain (@Quark_Chain) December 8, 2024 Research Project Enhances OP Stack Fault-Proof Systems The goal of this research…
During Thursday’s U.S. market session, the cryptocurrency market witnessed a notable downtick as major digital assets, BTC and ETH, recorded a sharp drop. A 4.2% pullback in Bitcoin signals an intact correction sentiment among traders. While the Ethereum price sustainability below $3,500 hints prolonged downtrend, the increased staking activity could assist in a quick rebound. Currently, the ETH price trades at $3,340 with an intraday loss of 4.4%. According to Coingecko, the global crypto market cap is at $3.47 Trillion, while the 24-hour trading volume is at $1.2 Billion. Key Highlights: A steady uptrend in ETH staking indicates growing adoption,…
The election results, particularly the victory of former President Donald Trump and his pro-crypto stance, have ignited a surge in the cryptocurrency market, leading to a remarkable rise in personal wealth for several crypto moguls. Coinbase’s Brian Armstrong: A Windfall of Billions Brian Armstrong, CEO of Coinbase, stands out as one of the biggest beneficiaries of the election outcome. His company, which played a significant role in the 2024 political campaign, saw its market value increase by $21 billion after the election. Armstrong himself has enjoyed a personal windfall of nearly $2 billion from his stake in Coinbase, with his…
Puppy.Fun Launchpad integrates with BabyDoge to enhance token utility and burn mechanisms, fostering ecosystem growth. BabyDoge expands its ecosystem with Puppy.Fun and Real World Assets initiatives, driving adoption and innovation. In a recent announcement, Puppy.Fun, the highly anticipated meme coin launchpad on the Binance Smart Chain (BNB Chain), is set to launch this week. This development represents a significant milestone for BabyDogeCoin, as it will utilize a portion of the fees generated by Puppy.Fun will be utilized to burn BABYDOGE tokens, a strategic move aimed at reducing token supply and enhancing scarcity. The news has sparked significant enthusiasm among investors,…
Metaplanet is set to distribute Bitcoin to shareholders through a lottery system, aimed at incentivizing participation in its new initiative with SBI VC Trade. Tokyo-listed firm Metaplanet has unveiled a new shareholder benefit program, offering Bitcoin (BTC) rewards through a lottery system as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings. *Details of Shareholder Benefit Program in Collaboration with SBI VC Trade* pic.twitter.com/3RioR37vQA — Metaplanet Inc. (@Metaplanet_JP) December 2, 2024 In an X post on Dec. 2, the Japanese investment firm said the initiative aims to enhance shareholder value by “providing Bitcoin-related benefits,” reflecting the…
According to Jake Ostrovskis, an over-the-counter (OTC) trader at market-making firm Wintermute, the growing trend of companies adding Bitcoin to their balance sheets could significantly increase demand for cryptocurrencies in 2025. Ostrovskis noted the growing interest of corporations, small and medium-sized enterprises (SMEs), and traditional institutions to adopt Bitcoin as a strategic asset. “I think that’s going to be a pretty big driver next year as institutions as well as corporates move into Bitcoin,” Ostrovskis said. “You’ll probably see SMEs coming in as well.” This trend has been largely fueled by MicroStrategy, a commercial IT firm that has purchased over…