Author: NBTC

Building on a strong November, Toncoin (TON) extended its bullish run this week. But the rally has faced significant resistance as investors turned to caution. As a result, Toncoin has witnessed a sharp decline in wallet profitability, with only 65% of addresses now in profit – a stark drop from the 90% peak recorded just a week ago. The latest IntoTheBlock data indicates that 25% of Toncoin wallets are currently at a loss, while 11% remain at breakeven. This shift highlights the recent turbulence in Toncoin’s market price, affecting profitability for many holders. Ownership trends revealed that the majority of…

Bullish, an institutional cryptocurrency exchange backed by Peter Thiel, has officially added the Ripple USD (RLUSD) stablecoin, according to a Tuesday announcement. The exchange’s users will not be able to trade a total of seven markets with the hotly anticipated stablecoin. These markets include RLUSD/USDC, BTC/RLUSD, XRP/RLUSD, ETH/RLUSD, USD/RLUSD, EUR/RLUSD, and SOL/RLUSD. As reported by U.Today, the much-talked-about stablecoin officially went live on Dec. 17 after initially being announced in April. Ripple made the stablecoin available for the general public shortly after it obtained crucial regulatory approval from the New York State Department of Financial Services (NYDFS). Earlier today, the…

Financial conditions in the U.S. are the loosest they have been in three years, according to the Chicago Fed’s National Conditions Index (NFCI), a weekly gauge that takes into account factors such as leverage, debt and equity markets and traditional banking. The readings provide insight into three specific areas: risk, credit and leverage. For the week ended Nov. 22, the index dropped to -0.64, a level not seen since August 2021 in the aftermath of the Covid-19 pandemic. A negative reading suggests financial conditions are looser than average indicating that liquidity is readily available. A positive reading, in contrast, means…

Out of the many memes that emerged in the stock market in recent years, the notion that Jim Cramer – the host of Mad Money and former hedge fund manager – is generally wrong is one of the most persistent. Such an idea has led to the creation of two exchange-traded funds (ETFs) launched by Tuttle Capital. The first, the Long Cramer Tracker (LJIM), was shut down relatively quickly due to a lack of interest. The second, arguably due to the popularity of the meme that whichever asset Jim Cramer recommends is bound to crash, drew much attention. Still, as…

Neo SPCC has updated the NeoFS node to v0.44.0. The update, now live on the NeoFS TestNet and MainNet, introduces new utility commands, improved FSTree performance, and important bug fixes. New functionality The neofs-cli tool now includes two new commands: control object list, which allows users to view objects recognized by a node, and control object revive, which restores objects flagged for deletion. Additionally, the neofs-lens utility adds the meta last-resync-epoch command to display the last metabase resynchronization time and the fstree cleanup-tmp command to remove temporary files from FSTree. The team added an improved FSTree writer, which offers an…

Binance, the world’s largest cryptocurrency exchange, has issued a warning for a well-established altcoin. At this point, Binance warned its users about the altcoin called IOTA, announcing that it has switched to the new token-economy model. Binance stated that after the new model, the total supply and circulating supply of IOTA will increase significantly and that a risk warning for IOATA will be included on the transaction page. “The total supply and circulating supply for IOTA (IOTA) will increase significantly. Users will also be shown a risk warning pop-up and banner on the Binance trading page.” In the official statement…

The bitcoin market is seeing unusual activity, hinting at increased adoption of the U.S.-listed spot ETFs for purely directional plays rather than arbitrage strategies. Since Nov. 20, the ETFs have seen strong daily uptake — other than Nov. 25 and 26 — capturing over $3 billion in net inflows, according to data source Farside Investors. On Tuesday, BlackRock’s IBIT registered a $693.3 million net inflow, the most since in the period, bringing the lifetime tally to $32. 8 billion. Meanwhile, open interest in CME futures has declined by almost 30,000 BTC ($3 billion) to 185,485 BTC, according to data source…

In 2024, Latin America has shown surprising growth in the cryptocurrency sector. Colombia, for example, has risen to fifth place in the region of cryptocurrency adoption. However, the region’s diverse legal frameworks have created “grey areas” in the regulation and operation of cryptocurrencies throughout Latin America. This is the case of countries like El Salvador, Brazil, and Argentina which have been making advances to adjust their legal frame to the cryptocurrency adoption. Brazil’s regulatory efforts in cryptocurrency Brazil’s government has been working closely in 2024 with the central bank to address regulatory challenges related to cryptocurrency and meal vouchers. With…

Neo has introduced a Naughty or Nice Xmas campaign, offering community members a chance to receive GIFT NFTs that provide access to a 400 GAS prize pool. The campaign invites participants to make a strategic choice: be “naughty” or “nice.” Naughty or Nice Each GIFT NFT entitles its holder to a share of the GAS prize pool, but how much GAS each GIFT ultimately receives depends on the holder’s actions: Naughty: Holders can choose to open their GIFT before Christmas, giving themselves a 1 in 10 chance to win 9 GAS. However, there’s a 9 in 10 chance of walking…

In December 2024, Binance, the world’s leading cryptocurrency exchange by trading volume, ramped up its efforts to maintain a high-quality and secure trading environment by delisting a number of tokens. The exchange’s decisions come amid ongoing market uncertainty and regulatory pressure, signaling a more cautious approach as it prepares for the challenges of 2025. With Bitcoin’s price falling below the $100K mark, investor confidence is low, and the overall market sentiment is one of caution. For Binance, ensuring that only the most reliable tokens remain on the platform is imperative as it seeks to maintain its reputation as a secure…