Author: NBTC
Bitwise CEO Hunter Horsley believes that Bitcoin scarcity is going to start to feel “dramatic” when the cryptocurrency becomes more mainstream. “There are estimated 58 million millionaires globally. There’s only enough Bitcoin for ~ 1 in 3 of them to have one,” he said. Is Bitcoin’s supply cap safe? As reported by U.Today, investment giant BlackRock recently caused controversy with a disclaimer in its educational video stating that Bitcoin’s maximum supply could be expanded beyond the aforementioned 21 million cap. Such suggestions are akin to heresy within the Bitcoin community since the cryptocurrency mainly derives its value from its scarcity.…
On January 9, 2025, several cryptocurrencies experienced significant price surges, with some projects witnessing triple-digit growth. Among the top daily gainers, Alpha Quark ($AQT) and Strike ($STRIKE) led the charge, boasting impressive price increases of 185.9% and 161.7%, respectively. These gains highlight the continued interest and demand for select altcoins, signaling robust market momentum as investors seek to capitalize on emerging projects within the crypto space. DAILY GAINERS$AQT +185.9% $STRIKE +161.7% $LFT +56.2% $GAS +28.1% $COAI +25.3% $KLV +24.9% $TT +22.2% $GRS +21.7% $ACS +21.1% $WAGMI +19.7%#dailygainers pic.twitter.com/2H9KeBSAIJ — PHOENIX – Crypto News & Analytics (@pnxgrp) January 9, 2025 According…
On Tuesday, a federal judge ruled in favor of Reuters’ parent company, Thomson Reuters, in their lawsuit against legal AI developer Ross Intelligence. U.S. Circuit Judge Stephanos Bibas said he was revising his 2023 summary judgment opinion on the case, court documents show. The ruling stems from a May 2020 lawsuit in which Thomson Reuters accused San Franciso-based Ross Intelligence of unlawfully copying content from its Westlaw platform to train its AI using data acquired from Michigan-based LegalEase Solutions. Since the launch of ChatGPT in 2022, media outlets, artists, and authors have expressed concerns that their content was being used…
Macro guru Luke Gromen thinks it would serve America’s best interest if President-elect Donald Trump delays signing an executive order to establish a Bitcoin (BTC) reserve. In a new interview with venture capitalist Preston Pysh, Gromen says it wouldn’t make sense for Trump to announce plans to accumulate Bitcoin right after being sworn into office. According to Gromen, investors would likely jump in to front-run the US government, sending Bitcoin higher before it has a chance to establish a position. Instead, the macro guru says it would be better for Trump to accumulate BTC behind the scenes while expressing his…
Shytoshi Kusama, the leader of the Shiba Inu ecosystem, suggests that the team could adopt an innovative approach to the launch of the highly anticipated token, TREAT. Kusama shared this perspective yesterday on X as the token edges closer to its launch. As reported earlier, TREAT, which will serve as the official reward token of the Shiba Inu ecosystem, will debut on January 14. In anticipation of TREAT’s debut, Kusama took to X to suggest that the ecosystem team would launch the token using an innovative approach. “The TREAT launch will be unlike any other launch we’ve done,” Kusama remarked.…
Elon Musk’s Department of Government Efficiency (D.O.G.E) is digging into federal employees whose net worth doesn’t match their salaries. The office, which was created by president Donald Trump, is tracking government workers making a few hundred thousand dollars but somehow sitting on tens of millions. “We find it sort of rather odd that there are quite a few people in the bureaucracy who have a salary of a few hundred thousand dollars but somehow manage to accrue tens of millions of dollars in net worth,” Elon said from the Oval today. “We’re just curious as to where it came from.”…
Atleta Network, a Web3 collaboration and growth platform is excited to announce its strategic partnership with Collably Network, a verified contact and partnership hub.. The collaboration aims to transform the way of connection for businesses and projects in the blockchain. It further enables the Web3 ecosystem to have more secure, strategic, and efficient collaborations. 🤝 Partnership Announcement: @CollablyNetwork x @Atleta_Network!🔥 We’re joining forces with Collably the ultimate platform for accessing verified contacts, and building Web3 partnerships.With Collably, strategic collaborations just got easier! pic.twitter.com/cikrgzIyNE — Atleta Network (@Atleta_Network) February 10, 2025 Atleta Network Streamlining Web3 Partnerships Collably Network The decentralized world’s…
Ethereum has faced two straight weeks of declines, raising concerns about weak demand and shrinking market share. The price dipped to $2,140 before recovering to around $2,620 as the broader crypto market stabilized. Despite the rebound, ETH remains approximately 37% below its December peak, leaving investors wondering if now is the right time to buy. While competitors like Solana are gaining ground, Ethereum’s fundamentals suggest a potential comeback. Here are the top three reasons why ETH could be a smart investment today. 1. Spot Ethereum ETF Inflows Signal Growing Demand One of the biggest catalysts for Ethereum’s potential recovery is…
Data provided by an independent tracking platform Shibburn, which accumulates transaction data on Etherscan and then shares it on their website and X account, has revealed a massive SHIB burn rate spike over the last day. In the meantime, the meme coin’s price has demonstrated a nearly 4% surge as it has made another attempt to break through the $0.00002177 resistance level. As of this writing, SHIB is changing hands at $0.00002173 per coin. SHIB burns jump 1,193% The above-mentioned data source spread the word about an impressive SHIB burn rate surge during the period of the last 24 hours…
SINGAPORE, Feb 12 (Reuters) – Singapore’s financial regulator and the Association of Banks in Singapore (ABS) said on Wednesday they will set up a new entity to consolidate the administration and governance of national payment schemes and further grow them. The Monetary Authority of Singapore (MAS) and ABS said in a joint statement that the entity will also collaborate with MAS to develop Singapore’s national payments strategy and ensure a safe, efficient and innovative payments infrastructure. “Consolidating the administrative and governance responsibilities of all national payment schemes under a single entity will strengthen the governance of these schemes and contribute…