Author: NBTC
JPMorgan Chase, Bank of America, Citigroup and Wells Fargo Consolidate Power Over Banking Industry Amid Record Profit Share: Report
America’s biggest banks are about to lock in their largest share of the banking industry’s profits in nearly ten years after an explosive run-up. JPMorgan Chase, Bank of America, Citigroup and Wells Fargo – the four largest banks in the US – recorded $88 billion in collective profits in the first nine months of the year, the Financial Times reports, using figures from BankRegData. The banking giants now account for 44% of all the industry’s profits, and when you combine the “Big Four” with US Bank, PNC and Truist – the next three largest banks – the seven institutions are…
In a move that has caught the attention of the crypto community, a smart trader recently deposited a staggering 121.75 billion PEPE tokens, valued at approximately $3.22 million, to the world’s largest crypto exchange, Binance. According to SpotonChain, this transaction, which occurred hours ago, has reportedly netted the trader a remarkable $2.13 million profit, marking a 197% increase in just 2.5 months. A smart trader deposited 121.75B $PEPE ($3.22M) to #Binance 2 hours ago, allegedly securing a $2.13M profit (+197%) in only 2.5 months.This appears to be their second $PEPE win—back in May, this trader netted an estimated $1.23M profit…
Orbler has announced its exclusive collaboration with DigiBuy Network. This strategic partnership is aimed at revolutionizing the Web3-based shopping experience with the integration of cutting-edge blockchain technologies. The platform intends to advance the overall Web3 commerce in the daily lives of the users. In this way, Orbler aims to facilitate the consumers with a streamlined experience. Overall, the collaboration contributes to the broader adoption of the Web3 sector. Orbler partners with @digibuynetwork! Unlock Web3 shopping, earning & rewards! Exclusive airdrops, on-chain marketplace & decentralized commerce await! #BTC #Web3 #ETH pic.twitter.com/x7xQ6RooWI — Orbler (@Orbler1) December 28, 2024 Orbler and DigiBuy Network…
Bitcoin stands at a crossroads where a potential slip could test the $90k support. Will buyers drive the rally beyond $100,000 as the market witnesses altcoins reaching new all-time highs? Despite the broader market seeing top performers like XRP crossing the $2 psychological mark, Bitcoin’s price is stalling near the $96,000 level. While the market anticipates Bitcoin reaching the $100,000 target in December, its price action tells a different story. Will Bitcoin regain bullish momentum and cross the $100,000 milestone in the coming week? Let’s find out. Bitcoin Price Analysis On the 4-hour chart, Bitcoin’s price trend shows a local…
Ethereum has faced challenges in regaining its bullish momentum, leaving the altcoin trading at a pivotal level. Ethereum is at the center of attention investors who anticipate a potential rally in the coming weeks. This optimism is fueled by expectations that Ethereum’s resurgence could mark the beginning of a long-awaited Altseason, bringing widespread gains across the altcoin market. Top analyst Carl Runefelt recently shared a compelling technical analysis on X, highlighting Ethereum’s formation of a symmetrical triangle pattern in the 4-hour timeframe. According to Runefelt, this pattern is a classic precursor to a breakout, with a bullish target set above…
Coinbase stock price has retreated for three consecutive weeks as Bitcoin and other altcoins have suffered a harsh reversal. After peaking at $350 earlier this month, the stock has plunged by almost 25%, moving to a bear market. So, is COIN still a good buy in 2025 as the Base Blockchain surges? Bitcoin and altcoins have dived Coinbase share price has dropped sharply primarily because of the performance of Bitcoin and other altcoins like Ethereum and Ripple. Bitcoin peaked at a record high of $108,000 and has retreated to $95,000. Similarly, Ethereum price found substantial resistance at $4,000 and then…
In our first Tether Insights, we shared the data that a total of 330 million on-chain wallets and accounts, a proxy for users, had received USDT by the end of Q3 2024. This figure does not include the several tens of millions of people using USDT exclusively off-chain on centralized platforms, so USDT adoption is even more widespread. We are proud that so many users have received USDT, but this is just the first step on a user’s adoption journey. The next step is to continue to hold USDT and that is the focus of this second Tether Insights. A…
Cryptopia, a prominent multi-chain gaming platform, has announced its exclusive partnership with DigiBuy Network. The partnership aims to broaden Web3 shopping as well as earning opportunities for the users. The platform disclosed this development on its official social media account on X. Excited to welcome our new partner, @digibuynetwork! 🚀🌟 digibuy: Your Gateway to Web3 Shopping & Earning• Shop & Earn in the future of decentralized commerce• Join a thriving Web3 on-chain marketplace• Enjoy exclusive airdrops and rewards🏆 Milestones• 12.65M app… pic.twitter.com/YaU4Nf3C2n — CryptoPia (@Cryptopia_world) December 28, 2024 Cryptopia and DigiBuy Network Collaborate to Revolutionize the Web3 Shopping and Earning…
Since its inception, Bitcoin has continued to challenge the financial status quo, offering investors all over the globe with an asset that goes against the traditional notions of value storage and investment. Often referred to as “digital gold,” Bitcoin has transcended its initial perception as a speculative financial instrument — as evidenced by its remarkable performance in 2024. To elaborate, since the beginning of the year, the cryptocurrency has experienced a surge of 150%+, rising from approximately $62,000 to around $98,300. Bitcoin’s key performance metrics (source: Coingecko) This unprecedented growth stands in stark contrast to various traditional offerings. For instance,…
Franklin Templeton, a leading asset management company, has achieved another milestone in its DeFi implementation process. The firm recently launched its innovative tokenization project, Benji, on Ethereum, marking its fifth platform integration this year after Aptos, Avalanche, Arbitrum, and Base. Notably, Benji is now available on seven platforms, joining its previous presence on Stellar and Polygon. 🚨$1.6 TRILLION FRANKLIN TEMPLETON’S TOKENIZATION PLATFORM!Sandy Kaul is the Head of Innovation Strategies at Franklin Templeton talks about the firm’s Benji Tokenization platform which includes a KYC AML Wallet system. The Benji tokenization platform was recently launched on… pic.twitter.com/ElNcuzmf8R — Tony Edward (Thinking Crypto…