Author: NBTC
As the new year kicks off, Bitcoin’s price continues to consolidate below the psychological $100K barrier. After an explosive bull run in 2024 that took BTC from $40K to $108K, the cryptocurrency has failed to reclaim its previous highs. Many investors are now questioning what lies ahead for Bitcoin in 2025. Could this be the beginning of a larger market adjustment? Bitcoin Price Performance in 2025 Bitcoin opened the year trading at approximately $93,300, following a two-week period of prices lingering below the $100K mark. Historically, the start of the year tends to bring subdued market activity as global trading…
In response to mounting concerns over transparency, Coinbase has unveiled a Proof of Reserves (PoR) for its wrapped Bitcoin token, cbBTC. This move aims to assure users that each cbBTC is backed 1:1 by Bitcoin (BTC) held by the exchange. Coinbase Reveals cbBTC Proof of Reserves According to the PoR data, the Coinbase exchange holds a total reserve of 26,525.15 BTC, with a corresponding cbBTC supply of 26,461.05 tokens. The distribution of cbBTC across various networks is as follows: Ethereum hosts 16,080 cbBTC, Base contains 7,655.391 cbBTC, Solana holds 2,673.489 cbBTC, and Arbitrum has 51.395 cbBTC. cbBTC Proof of Reserves.…
Stacks, a layer-2 blockchain built on Bitcoin, has faced a significant outage lasting over four hours. According to its status page, the network ceased producing transaction blocks at 7:15 UTC on Jan. 6. Since then, no new blocks have been created, effectively halting transaction processing. The project’s team confirmed the issue on its social media platform, stating that developers are investigating a delay in block production caused by a signer. While updates are expected, the team has yet to provide a resolution timeline. They stated: “Core devs are investigating a delay in block production related to a Signer. Standby for…
Brevan Howard Digital’s Abu Dhabi branch has allocated $20 million in assets to Kinto, an on-chain financial portal, marking a significant move by a traditional financial institution into decentralized finance. Kinto provides a tailored blockchain platform with a custom smart contract wallet, enabling financial entities to deploy capital on-chain while adhering to stringent legal and compliance standards. Notably, Kinto is the only Layer 2 solution that integrates native Know Your Customer and Anti-Money Laundering protocols at the blockchain level. It also offers default wallet insurance and robust security features, making it a unique option for institutional adoption. Kinto’s mining program…
If Trump implements Bitcoin as a strategic reserve, Japan and other Asian nations will follow the same path, said Metaplanet CEO Simon Gerovich at a recent Bitcoin event hosted by Michael Saylor. Tokyo-listed Metaplanet, which began its Bitcoin strategy last April, currently holds 1,762 BTC valued at approximately $165 million. The company is often referred to as Asia’s MicroStrategy due to its investment approach. Metaplanet’s Bitcoin adoption is a response to Japan’s rising debt and the volatility of the yen. Investing in Bitcoin has helped the company escape a challenging period, which Gerovich previously likened to being a “zombie” company.…
HONG KONG — World Liberty Financial, the Donald Trump-backed crypto project, owes much of its early success to Justin Sun, the Chinese-born crypto billionaire who became an official advisor to the project after purchasing $30 million worth of its token, WLFI, said World Liberty co-founder Zak Folkman. Folkman remarked that, “the goal of the project is being able to create progress to actually merge traditional financial institutions with decentralized finance,” in a panel at CoinDesk’s Consensus Hong Kong conference. For several weeks, the Trump-endorsed WLFI faced lackluster sales, failing to reach its $30 million fundraising target. The token was restricted…
Tether (USDT), the largest stablecoin by trading volume, has reclaimed third place in the ranking of digital assets by market capitalization. USDT displaced XRP after an additional $0.6 billion boost to its market cap in a few days. Tether USDT metrics back in spotlight USDT has a market capitalization of $137.22 billion against XRP’s $136.62 billion. Notably, XRP surpassed the stablecoin when its price rallied and the broader cryptocurrency sentiment around USDT was uncertain. Market participants were concerned about Tether’s noncompliance with European Markets in Crypto Assets (MiCA) regulation. The stablecoin’s refusal to comply with the new digital assets regulation…
The telecommunications industry faces several challenges, including the need for continuous infrastructure upgrades, rising service costs, and limited coverage in rural areas. As a result, many customers are exploring alternative options that ensure accessible and reliable connectivity. Decentralized Physical Infrastructure Networks (DePINs) have emerged to remedy the issues posed by traditional telecommunications companies. BeInCrypto spoke with industry experts from Huddle01, Impossible Cloud Network, and Aethir to understand how DePINs lower the access barriers to connectivity by employing blockchain technology. The Rise of DePIN Networks Traditional telecommunications industries have relied on large infrastructure to provide internet access nationwide. Because of their…
Mike McGlone, Bloomberg’s leading analyst, is convinced that Bitcoin, the leading cryptocurrency by market cap, could indicate a potential peak for the S&P 500 index against gold. The top analyst has noted that 2.3 ounces of the metal equal to the S&P 500 Index on Dec. 31 is below the 2.4x SPX/gold ratio high in 2018. McGlone has opined that 2.4x could be a formidable resistance threshold. The price of gold was up by nearly 29% in 2024, outperforming the flagship S&P 500 index. The analyst believes that the yellow metal will likely have an upper hand in 2025 if…
As the new year begins, Litecoin (LTC) has achieved a significant milestone. It surpassed 300 million transactions, marking a historic moment for the cryptocurrency and its community. Launched in October 2011 by Charlie Lee, Litecoin was designed to complement Bitcoin by offering faster transaction times and lower fees. Litecoin’s 300 millionth transaction: ✅If you missed it, here’s my short piece celebrating the milestone, and how @litecoin is achieving what the G20 & European Central Bank can’t. https://t.co/QQG3BZsnH3 via @LTCFoundation — Robbie Coleman (@robertfcoleman) January 6, 2025 The 300 million transaction milestone highlights Litecoin’s adoption and utility as a payment network.…