Author: NBTC
Anthony Pompliano, founder and CEO of Pomp Investments, reaffirmed his bullish stance on Bitcoin in a recent interview, drawing attention to Bitcoin’s dominance and strategic importance in the global financial landscape. Pompliano argued that Bitcoin’s rarity and positioning as “digital real estate” make it a vital asset for nations and institutions alike. Pompliano noted the limited supply of 21 million coins, saying: “Owning Bitcoin is like owning a strategic physical asset, but in the digital world. This is digital gold, and the US must decide whether it wants to lead or lag behind other nations that are already accumulating Bitcoin.”…
The Total Value Locked (TVL) statistics show several decentralized finance (DeFi) initiatives have recorded substantial weekly TVL gains. The TVL of Seam surged 143%, according to DeFiLlama ranking to reach $83.54 million. The Bex platform recorded an 82.9% growth and SwapX reached 78.5% growth which resulted in TVL reaching $745.2 million and $46.2 million respectively. TOP PROJECTS BY WEEKLY #TVL GROWTH$SEAM $BEX $SWAPX $BEETS $SILO $EUL $ICHI $DOLO $WAGMI $STRD $NOTE $ONDO $FLIP $STG $LISTA pic.twitter.com/pJ9JYPYKK8 — PHOENIX – Crypto News & Analytics (@pnxgrp) February 23, 2025 The decentralized finance (DeFi) platform projects Beets and Silo demonstrate solid appreciation in…
The Japanese Financial Services Agency green lit a report detailing reforms that would ease regulations for stablecoins and crypto brokerage. According to local media CoinPost, the FSA has approved a a report from a working group recommending policy changes that, if implemented, would ease crypto regulations related to stablecoins and brokerage in the Japan. The proposed amendments impact two main payment-related laws in the country, the Trust Business Act and the Payment Services Act, as cryptocurrency is still classified as digital payment tools under the local regulations. After receiving criticism from local crypto firms that say Japan’s crypto regulations are…
Since February of this year, Bitcoin ($BTC) reserves on exchanges have been steadily decreasing. This trend was pointed out by Axel Adler Jr, a verified author at CryptoQuant, on his official X account. Since the beginning of the year, the amount of Bitcoin held on major exchanges has been decreasing when the price was around $50k. However, the total reserve has now fallen to 2.2 million BTC. Since February this year, Bitcoin reserves on exchanges have been rapidly decreasing from the $50K level. The current reserve on major exchanges has shrunk to 2.2M BTC.Saying that the supply on exchanges has…
SEC member Hester Peirce, known as Crypto Mom for her positive approach to cryptocurrencies, has warned again about memecoins. This warning from Hester Peirce came on the same day that the memecoin called LIBRA was claimed to be a scam, while the SEC member stated that memecoin investors were not protected. Speaking on the Bankless podcast recently, the SEC member warned memecoin investors that they are on their own if they experience losses, noting that memecoins may fall outside the jurisdiction of the federal regulatory agency. Pointing out that memecoin investors should manage their risks well, Peirce said that they…
The price of Bitcoin saw no overall gain over the past week as the premier cryptocurrency continued to undergo a market correction. Despite multiple upward movements, Bitcoin struggled to break past the $100,000 resistance with its price performance in December continuing to deviate from earlier bullish predictions. Amidst this development, market analysts continue to roll out projections on Bitcoin’s potential price move. Is Bitcoin Price Top In? In an X post on December 27, crypto technical analysis handle More Crypto Online shared an interesting prediction on Bitcoin in its current corrective state. Using the Elliott Wave Theory, these market analysts…
In 2022, the Terra blockchain and UST stablecoin imploded, leaving a trail of devastation that only worsened when FTX collapsed later that year. The crypto asset solana (SOL) took a hard hit, plunging to alarming lows. By January 2023, SOL was scraping the bottom of the barrel in terms of price. Yet, in an unforeseen twist, the token staged a jaw-dropping comeback, soaring 1,656% and emerging from the ashes of these catastrophic events. Solana’s Two-Year Leap: The Blockchain and Crypto Asset That Refused to Stay Down Almost two years ago, solana (SOL) was trading between $9.99 and $11.16 per coin,…
Former payroll manager, Ho Kai Xin, has been sentenced to nine years and 11 months in prison for stealing $4.2 million from Bybit. According to Singaporean news outlet the Strait Times, the 32-year-old woman pleaded guilty to five charges of cheating, eight counts of benefiting from criminal conduct, and one count of providing false information to a public servant. As many as 30 other charges were considered during her court hearing before she was sentenced. The prosecution said Ho has been using 5.7 million SGD ($4.2 million) worth of crypto funds she stole from Bybit Fintech to “live a lavish…
In recent days there has been a mini media firestorm surrounding Google’s announcement about Willow, its new quantum computer, and a perceived threat to bitcoin. Most of the analysis reveals a remarkably surface-level understanding of how quantum computing will change cryptography, as well as how bitcoin remains resilient to these kinds of technological advancements. We’re going to take a deeper look at quantum computing and the threat it poses to bitcoin. It will get technical at certain points, but this is necessary to scratch the surface and truly understand the state of play. In short, quantum computing will certainly necessitate…
This year was filled with wins and woes for meme coin investors and enthusiasts alike. From shocking rug pulls to the rise of AI-driven meme coins, these tokens did not disappoint in fulfilling this volatile crypto market’s high-risk, high-reward profile. Meme coins dominated the 2024 crypto narrative, capturing significant global investor interest. This surge reflects a shift towards these more speculative opportunities. The SLERF Pre-Sale Debacle As always, the meme coin market saw slip-ups that reaped incredible consequences for token holders and investors. In March, building on the momentum of its pre-sale, the Solana-based meme coin Slerf (SLERF) witnessed a…