Author: NBTC
Tether, the company behind the USDT stablecoin, has announced that approximately 330 million on-chain wallets and accounts had received the digital asset as of the end of Q3 2024. These accounts and wallets are a critical measure of user engagement. In the first-ever Tether Insight report, Philip Gladwell, Tether’s Head of Economics, pointed out that USDT’s user base has seen sustained and accelerating growth. Over the last four quarters, the number of users has grown by an average of 9% per quarter, with the third quarter of this year marking the company’s most successful yet—bringing in 36.25 million new users.…
U.S. President-elect Donald Trump’s cryptocurrency strategy is becoming clearer following his announcement of a designated White House Crypto Czar and the appointment of a new securities regulatory body. In a recent interview at the NYSE, Trump announced plans for a U.S. crypto reserve as he aims to do something great with the crypto space. Trump Wants the US as Global Head President-elect Donald Trump announced his ambitious plans for a U.S. crypto reserve, akin to the Strategic Petroleum Reserve, during his visit to the New York Stock Exchange (NYSE). Trump, who also had the honor of ringing the opening bell…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
The cryptocurrency market experienced significant growth in November 2024, with centralized exchange platforms (CEX) reaching record trading volumes. The combined trading volume of spot and derivatives on CEX increased by 101%, reaching 10.4 trillion dollars in the month of November alone. Growth of trading volumes on CEX Factors influencing growth Comparison between CEX and DEX Growth of trading volumes on CEX Spot trading on CEX saw an increase of 128%, reaching 3.43 trillion dollars, marking the second highest monthly record since the peak of May 2021. On November 12, the daily volume of spot trading hit 221 billion dollars, setting…
President-elect Donald Trump’s proposal to create a strategic national Bitcoin reserve has sparked controversy, with former Treasury Secretary Larry Summers calling the idea “crazy” and accusing Trump of pandering to crypto industry donors. Speaking to Bloomberg TV, Summers, who oversaw the US national gold reserve under President Bill Clinton, described the concept as impractical and unnecessary. “The idea that we should have some kind of national Bitcoin reserve is crazy,” Summers said. “Unlike gold or oil, which have tangible uses and strategic value, Bitcoin is essentially an unproductive inventory.” Summers argued that the proposal lacked a clear purpose and appeared…
In an eagerly anticipated keynote address, Cardano founder Charles Hoskinson is set to unveil his strategic vision for the future of the Cardano blockchain. This keynote takes place during the fourth annual Cardano Summit 2024 Community event in Buenos Aires, Argentina, on Oct. 18. This event promises to be a pivotal moment for the Cardano community and the broader blockchain ecosystem. In a tweet, Cardano builder Input Output Global (IOG) says it will be live streaming on X and YouTube the Cardano founder’s keynote, where he will outline his vision for the future of Cardano on Oct. 18 at 7:00…
Argentina’s President Javier Milei is doubling down on crypto adoption as part of his broader economic reform agenda. Known for his libertarian ideals and criticism of central banks, Milei’s policies indicate a bold shift toward embracing digital currencies, such as Bitcoin, alongside traditional currencies. Interestingly, a recent disclosure confirms that his second year in office could introduce massive changes, particularly around monetary policy and free currency competition. The Push for Currency Freedom In his speech, President Javier Milei discussed plans for his second year in office, focusing on economic reform, reducing government size, and expanding freedoms. He emphasized fostering foreign…
In a stunning demonstration of market agility, a cryptocurrency trader has turned a swift move into a potential profit of $448,000. Just one minute after Binance announced the listing of $VELO, a lesser-known token, the trader seized the opportunity, spending 100 ETH (approximately $389,000) to purchase 2.45 million $VELO tokens via the 1inch decentralized exchange. A trader profits $448K by monitoring #Binance’s new listings!Just 1 minute after #Binance announced the listing of $VELO, this trader swiftly spent 100 $ETH($389K) to buy 2.45M $VELO, now worth $837K — an unrealized profit of $448K!https://t.co/7D4gY1xgjV pic.twitter.com/3NF8hBYplE — Lookonchain (@lookonchain) December 13, 2024 According…
Who would have thought we’d see Bitcoin shoot through the roof this quickly, soaring past $100K, albeit retreating slightly at present? As we move forward into 2025, the main question on our minds is: what lies ahead? Is Bitcoin (BTC) a bubble about to burst, or are we on track for $150,000–$200,000 soon? Are there any rational tools to predict its trajectory, or are we left to just play guessing games? From what I’ve observed, the fog starts to lift when you examine on-chain and technical indicators, while also factoring in the macro perspective. Let’s layer these three types of…
The cryptocurrency market saw impressive gains on October 16, 2024, with various tokens experiencing significant price increases. According to data from Phoenix Group, NEON (NEON), STFX (STFX), and DEEP (DeepBook) were the top-performing assets of the day, recording remarkable price growth. Let’s take a closer look at the market’s biggest daily movers. NEON (NEON) led the daily gainers list, posting a massive 39.4% price increase. This surge pushed NEON’s price to $0.50, raising its market cap to $28.9 million. NEON is primarily traded on the major exchange Coinbase, which has seen increased trading activity around the token. The significant price…