Author: NBTC

The election results, particularly the victory of former President Donald Trump and his pro-crypto stance, have ignited a surge in the cryptocurrency market, leading to a remarkable rise in personal wealth for several crypto moguls. Coinbase’s Brian Armstrong: A Windfall of Billions Brian Armstrong, CEO of Coinbase, stands out as one of the biggest beneficiaries of the election outcome. His company, which played a significant role in the 2024 political campaign, saw its market value increase by $21 billion after the election. Armstrong himself has enjoyed a personal windfall of nearly $2 billion from his stake in Coinbase, with his…

Puppy.Fun Launchpad integrates with BabyDoge to enhance token utility and burn mechanisms, fostering ecosystem growth. BabyDoge expands its ecosystem with Puppy.Fun and Real World Assets initiatives, driving adoption and innovation. In a recent announcement, Puppy.Fun, the highly anticipated meme coin launchpad on the Binance Smart Chain (BNB Chain), is set to launch this week. This development represents a significant milestone for BabyDogeCoin, as it will utilize a portion of the fees generated by Puppy.Fun will be utilized to burn BABYDOGE tokens, a strategic move aimed at reducing token supply and enhancing scarcity. The news has sparked significant enthusiasm among investors,…

Metaplanet is set to distribute Bitcoin to shareholders through a lottery system, aimed at incentivizing participation in its new initiative with SBI VC Trade. Tokyo-listed firm Metaplanet has unveiled a new shareholder benefit program, offering Bitcoin (BTC) rewards through a lottery system as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings. *Details of Shareholder Benefit Program in Collaboration with SBI VC Trade* pic.twitter.com/3RioR37vQA — Metaplanet Inc. (@Metaplanet_JP) December 2, 2024 In an X post on Dec. 2, the Japanese investment firm said the initiative aims to enhance shareholder value by “providing Bitcoin-related benefits,” reflecting the…

According to Jake Ostrovskis, an over-the-counter (OTC) trader at market-making firm Wintermute, the growing trend of companies adding Bitcoin to their balance sheets could significantly increase demand for cryptocurrencies in 2025. Ostrovskis noted the growing interest of corporations, small and medium-sized enterprises (SMEs), and traditional institutions to adopt Bitcoin as a strategic asset. “I think that’s going to be a pretty big driver next year as institutions as well as corporates move into Bitcoin,” Ostrovskis said. “You’ll probably see SMEs coming in as well.” This trend has been largely fueled by MicroStrategy, a commercial IT firm that has purchased over…

Crypto venture capital funding is projected to reach $18 billion in 2025, due to strong market fundamentals and favorable regulations. Investments will focus on Bitcoin Layer 2 solutions, blockchain infrastructure, AI blockchain, DeFi, Web3, privacy, and tokenization. Robert Lay, the head of PitchBook, shared his expectations for crypto projects venture capital funding in 2025 in a recent interview with CNBC’s Crypto World. Although the year 2024 has been challenging, with a decrease in funding due to various reasons, such as the collapse of major players and higher interest rates, Lay remains optimistic about the industry’s future. Reflecting on 2024, Lay…

In a significant update for the Dogecoin community, a crucial reminder has been issued to Dogecoin node operators. Dogecoin node operators have been urged to take immediate action to upgrade their systems following the release of Dogecoin Core 1.14.9. Prominent Dogecoin community member Mishaboar issued the reminder, emphasizing the importance of adopting the latest version to address critical updates. In a tweet, Mishaboar alerted Dogecoin node operators by saying: “A reminder: if you are running Dogecoin Core, it is recommended you upgrade your node to the latest release, 1.14.9, which includes important updates to fix bugs inherited from Bitcoin and…

Monthly trading volume in November for three Hong Kong Bitcoin spot ETFs surged to $154 million in November, setting a new record-high on the Hong Kong Stock Exchange. According to data from the Hong Kong Stock Exchange, the total monthly trading volume for three Bitcoin spot ETFs in Hong Kong has reached around HKD 1.2 billion in November or equal to $154 million, setting a new monthly trading volume record. The three main Hong Kong Bitcoin(BTC) spot ETFs contributing towards this record-high streak are ChinaAMC Bitcoin ETF, Bosera Hashkey Bitcoin ETF, and Harvest Bitcoin Spot ETF. This milestone is particularly…

Ethereum price retreated on Boxing Day as the gains made during the Santa Claus rally were erased. Ethereum (ETH) token fell to $3,340, down by over 5.6% from its highest level this week. This retreat happened as a sea of red spread in the crypto industry, with the market cap of all coins falling to $3.29 million. Ethereum crashed in a low-volume environment as most traders remained away from the market during the Christmas holiday. CoinGecko data shows that the 24-hour volume was $17.5 billion, down from $24 billion a day earlier. It had its lowest volume in over a…

Ripple chief technology officer (CTO) David Schwartz has published a post that triggered the XRP’s community’s excited feedback in the comments. “Lock in,” Ripple CTO says Schwartz responded to a series of reposts, which all state one short phrase: “Lock in.” He also tweeted this short message, sparking interest within the crypto community. The XRP army reacted with a wave of bullish posts, basically posting similar messages in response, taking the Ripple CTO’s encouragement to “lock in” XRP to mean to “hodl” it for a long period without selling or securing more XRP purchases. Those comments were similar to this…

Bitcoin’s price is consolidating below the $100K milestone, as investors are still waiting to witness a six-figure BTC price. However, the asset fell hard today, and the question remains whether that target will be achieved soon. Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart As the daily chart demonstrates, the asset has been breaking through several resistance levels over the past few weeks, paving its way toward the $100K mark. However, the price has yet to reach this level, as the market is moving sideways. With the $90K support level intact, investors could be hopeful that a bullish breakout…