Author: NBTC

Since Jan. 1, bitcoin has climbed over 62% in the last 293 days. Throughout 2024, meme coins have managed to grab the spotlight in terms of market performance, with one clear leader: giga chad (GIGA). This digital asset surged an astonishing 123,929.02% against the dollar since the year kicked off. Following in GIGA’s wake, several other meme coins also saw impressive gains this year. In 293 Days, Giga Chad Becomes 2024’s Star Performer Crypto enthusiasts who backed specific meme coins in 2024 are likely quite pleased with the results. These playful assets have outperformed bitcoin (BTC) and ether (ETH), the…

The European Union (EU) will have new AML regulations, taking effect next year, to tighten its oversight against money laundering and terrorist financing in the crypto space. The new AML framework includes the start of another regulatory authority, the Anti-Money Laundering Authority (AMLA), which is set to foster collaboration among key authorities and reduce risks in the EU’s financial system. The EU has been working on AML/CFT regulations since 2018 In 2018, the European Union introduced some AML/CFT guides. However, back then, the regulations were only applicable to custodian wallet providers and crypto-to-fiat currency service providers. They were also confined…

This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. MicroStrategy has bought more bitcoin, and an analyst team has upped its Coinbase stock price target. But first a look at bitcoin miners, which are increasingly raising capital via convertible note issuances. Bitdeer last month unveiled a $360 million convertible senior notes offering. Then last week, Marathon Digital, Core Scientific and Iris Energy initiated convertible notes offerings — amounting to $850 million, $550 million and $400 million, respectively. Seven publicly traded BTC miners and data center companies have raised a combined $5.2 billion via convertible notes…

The cryptocurrency market is witnessing a growing trend among large Bitcoin holders, commonly called “whales.” As of October 2024, these whales have collectively amassed 267,000 BTC—a sharp rise of 75,000 BTC since September. This accumulation phase has captured attention, especially since it aligns with key market developments in the Bitcoin options space. Active Bitcoin whales now hold more $BTC than ever, with their combined balance reaching nearly 267,000 BTC — a 75,000 BTC increase since September, Whales are accumulating. pic.twitter.com/Tj1R7jpExC — Satoshi Club (@esatoshiclub) October 11, 2024 Despite this bullish behavior from large investors, the token’s options market paints a…

Rick McCracken, a notable contributor to the Cardano ecosystem and operator of a staking pool with over 200 million locked ADA tokens, recently highlighted concerns regarding the Cardano community’s approach to marketing and visibility. In his latest post, McCracken highlighted a growing divide among community members regarding the need for marketing efforts, venture capital support and liquidity incentives for ADA. His comments come as several influential figures on X have expressed skepticism about ADA’s market capitalization, which exceeds that of several popular meme cryptocurrencies. They have noted that in the current market cycle, ADA’s $12.5 billion valuation seems disproportionate when…

Trump administration-appointed crypto chief David Sacks has taken to social media to denounce Operation Choke Point 2.0, an alleged effort by U.S. regulators to restrict banking access for crypto firms. Sacks expressed concern about the policy’s negative impacts, tweeting that “too many stories” have emerged of people harmed by these measures. Former President Donald Trump recently promised that if he were re-elected, he would “immediately terminate Operation Choke Point 2.0” to ensure a fair and inclusive banking environment for crypto companies. Operation Choke Point 2.0 is perceived as a modern iteration of the original Operation Choke Point, which was implemented…

CryptoQuant analysts have asserted once again that cryptocurrency bull cycle is still in progress. It is at a time when speculations have arisen about the validity of bull run as the sideways movement of Bitcoin ($BTC) is taking much longer than anticipation. The analysts however, are confident that we will see good movement in Bitcoin and altcoins in the year 2025. Bitcoin price movements can often be analyzed through market cycles, with two main rising phases observed in previous bull runs. Looking at past cycles in 2013 and 2020, long-term investors saw profits during two significant growth phases before Bitcoin…

SushiSwap, a leading decentralized finance (DeFi) platform, revealed a bold roadmap for 2025. CEO Jared Grey announced several new initiatives designed to diversify and expand the platform’s offerings. Key products set for release include Wara, a Solana-based trading platform, and Susa, an on-chain order book perpetual decentralized exchange (DEX). In addition, SushiSwap will launch Kubo, a tool to create new markets using delta-neutral strategies, and Blade, a liquidity value routing (LVR) automated market maker (AMM) solution. Wara: Expanding Beyond EVM with Solana Integration SushiSwap’s ambitious plans include Wara, a comprehensive trading platform built on Solana. By expanding beyond Ethereum Virtual…

Dog-themed cryptocurrency Shiba Inu (SHIB) has seen an 880% increase in its burn rate, with 320 million SHIB tokens burned in the past seven days. According to Shibburn, 320,186,507 SHIB tokens were burned in the last seven days, representing an 880.1% surge in burn rate. Meanwhile, in the last 24 hours, 1,290,359 SHIB were burned, which on the contrary represented an 84.68% drop in the daily burn rate. HOURLY SHIB UPDATE$SHIB Price: $0.00001872 (1hr -0.21% ▼ | 24hr -3.11% ▼ )Market Cap: $11,032,919,956 (-3.03% ▼)Total Supply: 589,268,791,367,936TOKENS BURNTPast 24Hrs: 1,290,359 (-84.68% ▼)Past 7 Days: 320,186,507 (880.1% ▲) — Shibburn (@shibburn)…

The Senate Banking Committee will decide on SEC Commissioner Caroline Crenshaw’s renomination on December 11, facing industry criticism. Leaders like Coinbase’s Emilie Choi and analysts oppose Crenshaw’s anti-crypto stance, citing her rejection of Bitcoin ETFs. As Gary Gensler prepares to exit, Trump’s SEC chair nominee Paul Atkins signals potential policy shifts for crypto. The United States Senate Banking Committee will meet to decide on whether to reappoint Crenshaw as an SEC commissioner on December 11. Crenshaw lately became an ardent opponent of cryptocurrencies and incurred criticism from the industry’s representatives who consider her definitions of digital coins too restrictive. Crypto…