Author: NBTC
Japan’s Bitcoin proxy company Metaplanet wants to increase its Bitcoin holdings to 10,000 BTC by 2025. The company’s CEO, Simon Gerovich, disclosed this on X while highlighting the company’s target for the new year. According to Gerovich, 2024 was a transformative year for Metaplanet as it expanded its Bitcoin treasury and established itself as Asia’s leading Bitcoin treasury company. He continued that the company now plans to double down on its winning hand. He said: “Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position as Asia’s leading Bitcoin Treasury Company. This year, we’re…
Remixpoint (3825), a Japanese energy consulting firm that decided build up cryptocurrency reserves, boosted its holdings by more than 8,000% in the nine months ended Dec. 31 and is now close to having spent its target of 10 billion yen ($65 million). The Tokyo-based company held 5.8 billion yen ($38 million) of crypto at year-end, up from 68 million on March 31. It had spent 9 billion yen on crypto as of Thursday, it said in an earnings presentation, without giving the current value of its holdings. While Remixpoint focuses on energy consultancy, it has recently expanded to provide cryptocurrency…
Geo Genesis, the latest application by The Graph, empowers anyone, regardless of technical expertise, to participate in creating and managing Spaces, multi-purpose collaborative hubs designed for organizing, sharing and governing knowledge. Geo Genesis user app introduced by The Graph team According to the official statement by The Graph decentralized data indexing protocol, Geo Genesis, its user application for data exchange, has gone live. Spaces, a class of universal knowledge sharing hubs, is the core element of the new development. What is The Graph? pic.twitter.com/otTd8rsn2S — The Graph (@graphprotocol) December 11, 2024 These Spaces are set to foster collaboration and enable…
A crypto veteran believes Bitcoin (BTC) and the rest of the digital asset market will remain listless in the first few weeks of 2025. Pseudonymous trader The Crypto Dog tells his 853,00 followers on the social media platform X that he thinks the market will not regain bullish momentum until President-elect Donald Trump is sworn into office. The analyst believes that Trump’s inauguration on January 20th will act as a strong catalyst that sends Bitcoin and altcoins to greater heights. “The inauguration likely acts just the same as election day – it’s going to pin us down until it’s over.…
In an interview with Wired’s Andy Greenberg, Tigran Gambaryan detailed his protracted legal issue in the hands of the Nigerian government. The executive’s ordeal began on March 23, 2024, in Abuja, Nigeria, where he and his colleague at the cryptocurrency firm Binance, Nadeem Anjarwalla, were being held hostage in a Nigerian government-owned compound without access to their passports, under military guard, in a building circled by barbed-wire walls. The talented financial sleuth was sent to Nigeria to resolve the West African nation’s disputes with the crypto exchange alongside other members of Binance’s team. When Gambaryan joined Binance in the fall…
Earlier today, the price of Bitcoin reached an intraday high of $98,481 before paring some gains. Bulls are persistently trying to reclaim $100,000 after recovering from a sharp drop to the $91,000 level on Dec. 30. DonAlt, a popular pseudonymous trader with nearly 650,000 followers on the X social media network, recently noted that Bitcoin had “an excellent” week. However, he also cautioned traders that the cryptocurrency had approached a rather “dangerous level.” “Break it and we’ll send everything. I’d like to see it broken before getting too euphoric though,” he said. As reported by U.Today, some analysts also warned…
Sonic Labs has announced that the Ethereum virtual machine layer-1 chain Sonic now supports the bridged version of Circle stablecoin USDC. The USDC.e stablecoin on Sonic, bridged from native USDC (USDC) on Ethereum via the Sonic Gateway, is now live on the EVM L1. Sonic will leverage Circle’s bridged USDC standard, according to an announcement from the platform. By integrating bridged USDC, Sonic aims to bring the stablecoin’s benefits to its ecosystem and help jumpstart developer activity. The bridged version allows newly launched networks to reduce liquidity fragmentation and often leads to eventual upgrading to native support. You might also…
A court in China has ruled that Tether is not considered legal tender in a crypto lending dispute involving two individuals, Han and Ji. China’s Crypto Lending Case involving Tether The People’s Court of Tongzhou District, Nantong City, Jiangsu Province, presided over the case, which centered around a private lending dispute between two friends involving cryptocurrency. Ultimately, the court rejected the plaintiff’s request for repayment. According to a legislative website, Ji convinced Han that investing in the virtual currency Tether would be highly profitable. Ji then used Han’s mobile phone to purchase 2,000 Tether on a platform, claiming he would…
Bitfinex analysts predict that Bitcoin will remain rangebound and could rise to as high as $105,000 in January. According to his predictions, Bitcoin will fluctuate between $95,000 and $110,000 by the end of the month. In a recent market report, Bitfinex analysts commented: “We expect Bitcoin to continue a range-bound market trend as investors look to allocate capital across different asset classes. We predict Bitcoin will fluctuate between $95,000 and $110,000 by the end of January.” The inauguration of US President-elect Donald Trump on January 20 is seen as a potential catalyst for cryptocurrency prices. Expectations from the new administration…
Krypton DAO (KRD) price is up 513% in a week to $2.69. The token has risen by over 100% today alone. There are no major developments within the Krypton DAO leaving investors worried it will sustain the gains. In a remarkable surge that has caught the eye of the crypto community, Krypton DAO (KRD) has witnessed an astonishing 513% price increase over the last week, currently trading at $2.69. This spike elevates the token from a modest $0.442 to a peak of $2.99 within a week, showcasing an unprecedented level of investor enthusiasm or speculative trading. While KRD’s price remains…