Author: NBTC
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…
The absence of stablecoin regulation in the U.S. is one of the main hurdles to adoption, S&P Global Ratings said in a Wednesday report. “The lack of regulation is one of the main impediments to stablecoin adoption in the U.S. and has prevented a broader institutional adoption of stablecoins,” analysts led by Mohamed Damak wrote. S&P said it expects adoption to grow once regulation is in place. Stablecoins are cryptocurrencies whose value is tied to another asset, such as the U.S. dollar or gold. They play a major role in cryptocurrency markets and are also used for to transfer money…
BitGo CEO Mike Belshe says that he’s anticipating the tailwinds spurring crypto assets in 2024 will likely continue into 2025. In a new CNBC interview, Belshe says that despite the crypto industry already being bullish on the new pro-crypto administration arriving in Washington D.C., it’s possible that the new regulatory environment hasn’t been completely priced in yet. “I think the regulatory is somewhat priced in but in general we’ve seen that these news events don’t always price in until they’re actually here. So look, we have a new administration coming in, things look very promising, people are very excited, they’re…
An under-the-radar artificial intelligence (AI)-based altcoin is skyrocketing after its developers announced plans to expand the project. In a lengthy new thread on the social media platform X, crypto software developer Jeffy Yu says that Zerebro (ZEREBRO) is building a consumer facing launchpad for AI agents. “We are building Zentients, a consumer facing launchpad for agents… The exact details are still being finalized. But we want to keep the framework simple: Agents will require ZEREBRO for a creation fee and will be launched on a ZEREBRO bonding curve with fees. Once a certain valuation is met by the agent token,…
Bitcoin price is $94,952.42, with a market cap of $1.88T and 0.38% daily growth. RSI is at 45.82, signalling mild bearish momentum below its 14-day average of 51.58. The current price of Bitcoin (BTC) stands at $94,952.42, reflecting a 0.38% increase over the last 24 hours. Bitcoin’s market cap has surged to $1.88 trillion, accounting for 52.17% of the total crypto market dominance. The 24-hour trading volume of Bitcoin is $23.26 billion, indicating a 1.23% volume-to-market-cap ratio. The fully diluted valuation (FDV) of Bitcoin is $1.99 trillion, with a circulating supply of 19.8 million BTC out of a total maximum…
Fonbnk and Stellar partner to convert prepaid SIM cards into virtual debit cards, enabling financial inclusion for millions in Africa. The platform allows users to exchange airtime for USDC on Stellar, providing access to global financial services and cash conversion. Fonbnk, a fintech company, is addressing the financial accessibility gap in Africa by turning prepaid SIM cards into digital debit cards. With 350 million people being unbanked in Africa and only 20% of families using formal banks, Fonbnk’s solution is not only unique but also relevant. With the integration of the Stellar blockchain, Fonbnk allows users to redeem airtime for…