Author: NBTC
MicroStrategy stock price has dropped 27% from its highest level this year, despite Bitcoin reaching a record high. MSTR shares were trading at $390 on Dec. 6, continuing a decline that began on Nov. 21, when the stock peaked at $541. Even with this pullback, MicroStrategy remains one of the best-performing stocks this year, up over 500%, with a market cap exceeding $91 billion. It is also the top gainer in the Russell 2000 index. There are two possible reasons why the stock has retreated this month. First, this decline is because of profit-taking among investors who have benefited from…
At the recent Polkadot Fellowship meeting, Dr. Gavin Wood, creator of Polkadot and Kusama, revealed significant advancements in the Join-Accumulate Machine (JAM). Version 0.4 of the JAM gray paper now includes “Ordered Accumulation,” a critical update and the final core protocol enhancement before the v1.0 release. According to Polkadot’s official statement, JAM is “a prospective design to succeed the relay chain.” The platform explained that the name originates from CoreJAM, which stands for Collect Refine Join Accumulate. Initially outlined in an RFC by Gavin Wood, CoreJAM details the computation model the machine embodies. JAM aims to revolutionize decentralized computing by…
Over the past week, bitcoin has been bouncing between $59,019 and $63,794 per unit. While prices have slipped slightly—down 1.29% for October so far—there’s still plenty of optimism that ‘Uptober’ will live up to its reputation. After all, October has historically been a good month for bitcoin, with enthusiasts eagerly awaiting a potential rally as we head deeper into the next few months. End of 2024 Bitcoin Predictions Suggest a Possible Breakthrough Past $74K Currently, bitcoin is trading at $62,735 per coin, holding a market valuation of $1.31 trillion. This puts bitcoin comfortably in the top ranks of global assets—it’s…
In a noteworthy development for the crypto market, Bitcoin and Ethereum ETFs witnessed huge inflows on 5th December. As per Lookonchain, the substantial inflows reflect a staggering rise in the institutional interest in Bitcoin and Ethereum ETFs as the former obtained 6,501 $BTC while the latter received 41,414 $ETH. The on-chain analytics platform disclosed the details of these inflows in an exclusive X post. Dec 5 Update:10 #Bitcoin ETFsNetFlow: +6,501 $BTC(+$670.2M)🟢#BlackRock inflows 5,801 $BTC($598.02M) and currently holds 513,438 $BTC($52.93B).9 #Ethereum ETFsNetFlow: +41,414 $ETH(+$162.8M)🟢#BlackRock inflows 32,109 $ETH($126.22M) and currently holds 760,979… pic.twitter.com/70FwOLrYa7 — Lookonchain (@lookonchain) December 5, 2024 Bitcoin ETFs Record…
The latest report from Phoenix Group, a crypto news and analytics platform, highlights significant social media activity surrounding memecoins. On October 20, 2024, $DOGE, $PEPE, and $SHIB secured top positions as the most actively engaged meme projects, according to data from LunarCrush. TOP #MEME PROJECTS BY SOCIAL ACTIVITY$DOGE $PEPE $SHIB $POPCAT $PORK $BRETT $FLOKI $TURBO $SPX $MOG pic.twitter.com/5IlQoLgJkV — PHOENIX – Crypto News & Analytics (@pnxgrp) October 20, 2024 $DOGE Tops Engagement with Strong Lead $DOGE continues to dominate the memecoin space with over 11.2 million interactions and 37.9K engaged posts. The coin’s position shows its resilience and influence despite…
Coming back from some crypto events, from Zug to Dubai, passing through Lugano’s Plan B Forum, I brought home one thought, which is more of a question. Can you have a blockchain community engaged and empowered (securing transparency and liquidity for its coin, like for Bitcoin,) while abiding by the strict rules and requirements of institutional enterprises, like banks or pharma, who want to enjoy the efficiencies of distributed ledgers, but must align with industry standards and national laws? Is Bitcoin the future of blockchain? Nope. Can a bank have all data stored in its own country and use the…
Cryptocurrency analytics firm Alphractal has released its latest report titled “Unlocking Bitcoin’s Potential with Fibonacci Insights into Market Average Price,” which offers a comprehensive view on Bitcoin’s price dynamics and potential market targets. Alphractal explains that the Real Market Average Price reflects the on-chain average price of Bitcoin, excluding mining-related coins. This metric provides a clearer and more accurate perspective on the real market value of Bitcoin, making it an important reference for both investors and analysts. The analytics firm incorporated several Fibonacci sequence lines into its analysis to identify key support and resistance levels for Bitcoin. In 2024, Bitcoin…
Lately, the flagship cryptocurrency has been gaining widespread traction with institutions and governments intensifying their efforts to own Bitcoin. Recently, Fed Chief Jamie Powell and other analysts shared that Bitcoin is not a competitor to the dollar; rather, it is a competitor to gold. Bitcoin exhibits numerous similarities to gold, including its enduring nature, scarcity, and mining difficulty. BRICS nations have also intensified their efforts to introduce their own currencies as part of a de-dollarization initiative. The decentralized finance, which is inclined toward Bitcoin, has been taken into account. China, however, has not been convinced about legalizing crypto entities. The…
David Schwartz, the Ripple CTO, has reiterated his stance on XRP pricing and its role in payments. His latest comments emerged in response to an investor questioning XRP’s underwhelming price performance since 2017. In the recent commentary, he further discussed how XRP has not realized its full potential in payment systems, despite widespread availability and favorable features. Ripple CTO Remains Firm Recall that, in a conversation dating back to November 2017, Schwartz had argued that XRP cannot remain cheap if it is to function effectively as a medium for high-value payments. He pointed out that regardless of whether XRP trades…
Tilted, a gamified liquidity pool and RWA infrastructure layer on the BNB Chain, has announced a strategic partnership with Soulbound TV, a decentralized live-streaming platform. Tilted will bring real-world asset (RWA) tokenization capabilities to Soulbound, complemented by its decentralized broadcasting solutions. Tilted and @Soulbound_GG are teaming up to revolutionize gaming and livestreaming. Tilted’s RWA tokenization tech meets Soulbound’s decentralized broadcasting to create a seamless experience for gamers, streamers, and audiences.From in-stream prediction markets to game asset… pic.twitter.com/4kWY8gNaiQ — Tilted (@tiltedxyz) December 6, 2024 The integration aims to transform the entertainment industry by including streamers and viewers and integrating the blockchain…