Author: NBTC
According to Chainalysis’ Geography of Cryptocurrency Report 2024, Colombia has emerged as a major player in the regional cryptocurrency environment. The country ranked fourth in Bitcoin transactions, having amassed more than US$6.788 billion during the same period. The latest increase in Bitcoin’s value, surpassing a critical milestone of US$100,000, coincided with a government declaration by the newly elected president Donald Trump. This development caused waves in global markets, increasing valuations for corporations with Bitcoin holdings and raising the cryptocurrency assets of countries like El Salvador. However, the consequences of this increase go beyond the bounds of established economies and wealthy…
Dogecoin’s price increased by 10% in 24 hours, reaching over 12 cents, driven by social media buzz on X and speculation about further endorsements from Elon Musk. Elon Musk’s $75 million donation to a political action committee supporting Donald Trump’s campaign may have helped spur interest in DOGE. Musk has proposed a “Department of Government Efficiency,” which aligns with the DOGE acronym. Dogecoin (DOGE) prices jumped 10% in the past 24 hours, perhaps driven by social chatter on X and expectations of a bigger Elon Musk endorsement in the months ahead. While crypto prices in general are higher – including…
Argentine President Javier Milei delivered a speech detailing his administration’s plans for its second year in office. The leader stated that he would slash 90% of national taxes, implement a currency competition scheme, and even introduce nuclear energy to the country. Milei Year Two: Nuclear Energy, Tax Reduction, and Free Currency Circulation Argentine President Javier Milei, a self-proclaimed “anarcho-capitalist,” has laid his administration’s plans for his second year in office. Milei, who found a devastated economy when coming into office, has achieved a surplus for the first time in 123 years, taking the reins of monetary issuance and leading it…
WhiteBIT, one of Europe’s largest cryptocurrency exchanges, has significantly expanded its collateral offering, adding 60 new assets. This expansion brings WhiteBIT’s supported assets to over 80, quadrupling the number in a matter of months. Among the newly added coins are some of the most popular and in-demand assets: PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK—just to name a few. These assets can now be used as collateral for borrowing, margin trading, and futures trading, providing traders with more opportunities to implement advanced strategies and manage risks effectively. This strategic move positions WhiteBIT on equal footing with…
MicroStrategy acquired another $2 billion worth of bitcoin (BTC) last week, but it hasn’t helped investors regain last month’s confidence. The premium shareholders place on its stock is at a two-month low, and its share price is 30% off its all-time high from November 21. MicroStrategy has a small software business, yet most investors calculate its value as a multiple of its BTC holdings. To that end, on November 20, the company owned $31 billion of BTC yet traded at a $106 billion market capitalization — a generous, 3.4X premium. At publication time, that multiple has declined by one-third to…
Tether, the company behind the USDT stablecoin, has announced that approximately 330 million on-chain wallets and accounts had received the digital asset as of the end of Q3 2024. These accounts and wallets are a critical measure of user engagement. In the first-ever Tether Insight report, Philip Gladwell, Tether’s Head of Economics, pointed out that USDT’s user base has seen sustained and accelerating growth. Over the last four quarters, the number of users has grown by an average of 9% per quarter, with the third quarter of this year marking the company’s most successful yet—bringing in 36.25 million new users.…
U.S. President-elect Donald Trump’s cryptocurrency strategy is becoming clearer following his announcement of a designated White House Crypto Czar and the appointment of a new securities regulatory body. In a recent interview at the NYSE, Trump announced plans for a U.S. crypto reserve as he aims to do something great with the crypto space. Trump Wants the US as Global Head President-elect Donald Trump announced his ambitious plans for a U.S. crypto reserve, akin to the Strategic Petroleum Reserve, during his visit to the New York Stock Exchange (NYSE). Trump, who also had the honor of ringing the opening bell…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
The cryptocurrency market experienced significant growth in November 2024, with centralized exchange platforms (CEX) reaching record trading volumes. The combined trading volume of spot and derivatives on CEX increased by 101%, reaching 10.4 trillion dollars in the month of November alone. Growth of trading volumes on CEX Factors influencing growth Comparison between CEX and DEX Growth of trading volumes on CEX Spot trading on CEX saw an increase of 128%, reaching 3.43 trillion dollars, marking the second highest monthly record since the peak of May 2021. On November 12, the daily volume of spot trading hit 221 billion dollars, setting…
President-elect Donald Trump’s proposal to create a strategic national Bitcoin reserve has sparked controversy, with former Treasury Secretary Larry Summers calling the idea “crazy” and accusing Trump of pandering to crypto industry donors. Speaking to Bloomberg TV, Summers, who oversaw the US national gold reserve under President Bill Clinton, described the concept as impractical and unnecessary. “The idea that we should have some kind of national Bitcoin reserve is crazy,” Summers said. “Unlike gold or oil, which have tangible uses and strategic value, Bitcoin is essentially an unproductive inventory.” Summers argued that the proposal lacked a clear purpose and appeared…