Author: NBTC
A widely-followed analyst known for applying the stock-to-flow model (S2F) to Bitcoin is unveiling his price target for BTC this month. In a new interview with trader Scott Melker, pseudonymous analyst PlanB says that Bitcoin could surge to as high as $150,000 in December, a more than 53% gain from its current value. “It’s almost scary that it is happening again. It seems programmed: three years of boring bear markets and then one year of FOMO (fear of missing out) and face-melting bull action. And it’s like that in all the past cycles. So if history is any guide, we’re…
Shares of bitcoin miner Hut 8 (HUT) jumped nearly 12% in pre-market trading amid social media speculation that it is building a data center with Facebook owner Meta Platforms (META). The shares climbed to just under $30 as of 10:00 UTC. The CoinShares Valkyrie Bitcoin Miners ETF (WGMI), which offers broad exposure to the BTC mining sector, rose about 3% higher. Neither Miami, Fla.-based Hut nor Menlo Park, Calif.-based Meta has announced a partnership. **Speculative Post**Hut 8 appears to be partnering with Meta to develop a groundbreaking AI data center in West Feliciana Parish, Louisiana. While not officially confirmed, I’m…
This particular token lets BRICS nations resolve charges quickly without relying on slow bank systems. Ripple’s tech allows secure and fast cross-border transactions between global currencies. XRP offers a neutral option for global payments, free from political control and influence. The BRICS nations—Brazil, Russia, India, China, and South Africa—are integrating XRP into their mBridge undertaking. This task aims to improve cross-border payments using digital currencies. Ripple’s technology is essential for making transactions faster and more efficient. XRP allows smooth currency exchanges between countries like the U.S., Eurozone, and China. Ripple Technology Improves International Payments Ripple’s technology is crucial for the…
Stefan Berger, a key figure in the European Parliament’s digital euro discussions, has stepped aside to pave the way for progress without controversy. The man leading Parliament’s work on the digital euro, who became one of its biggest critics, has quit to stop claims he was delaying the project on purpose, POLITICO has learned. Berger, a veteran German lawmaker from the center-right European People’s Party, announced his decision to POLITICO, stating that “it’s time for someone [who] is not coming from Germany and is not under suspicion that he wants to delay the talks.” Markus Ferber, who oversees economic issues…
Zeus Network has validated the first Bitcoin transaction on the Solana blockchain. On Dec. 12, Zeus Network achieved a historic milestone by successfully validating the first Bitcoin transaction on Solana using its infrastructure. According to a release by Zeus, this development bridges the gap between two distinct blockchain ecosystems, enabling Bitcoin transactions to leverage Solana’s fast and cost-effective infrastructure. Bitcoin (BTC) and Solana (SOL) operate on separate protocols, with Bitcoin utilizing proof-of-work and Solana combining proof-of-history with proof-of-stake. Zeus Network’s (ZEUS) infrastructure acts as a bridge, allowing Bitcoin to be tokenized and transacted on Solana without altering Bitcoin’s original protocol.…
Following the introduction of Willow, Google’s mindbogglingly powerful quantum computing chip, some have started speculating about whether Bitcoin and other cryptocurrencies could be on the way out. Some even suggested that Bitcoin’s recent price dip might be related to the latest breakthrough in quantum computing. The same problem that would require Frontier supercomputer at the Department of Energy’s Oak Ridge National Laboratory 10 septillion years to solve can be cracked by Willow in mere minutes. However, despite some concerns caused by the cutting-edge chip, Bitcoin appears to be safe (at least for now). Ben Sigman, a Bitcoin entrepreneur and advocate,…
President Donald Trump’s crypto company, World Liberty Financial Inc. (WLFI), launched just two months before the election, and it has been a source of controversy from the get-go. Partnering with Steve Witkoff, a billionaire real estate developer now turned Middle East envoy, the venture is grabbing attention for all the wrong reasons. The duo’s collaboration with TRON—a blockchain company accused of enabling financial transactions for militant groups like Hamas and Hezbollah—has raised questions about ethics, conflicts of interest, and Trump’s financial stake. Critics think WLFI’s timing and partnerships scream opportunism. Ethics experts, government officials, and even some within the crypto…
For years, the XRP army has been a formidable force, rallying around a plan to replace incumbent systems for international payments. But at Ripple Labs’ eighth annual Ripple Swell outing, the group’s presence was subtle against a suit-wearing suite of attendees. The flagship event, hosted in Miami this year, attracted many of the firm’s customers and business partners—from market makers to exchanges—Ripple Labs CEO Brad Garlinghouse told Decrypt. He described that crew as somewhat distinct compared to XRP’s online devotees. “The XRP army is slightly more amorphous,” Garlinghouse said, adding that “every major layer-1 [network] has its own community around…
Cantor Fitzgerald, the Tether-linked broker, agreed to pay the Securities and Exchange Commission (SEC) a $6.75 million penalty yesterday after it was charged with causing two special purpose acquisition companies (SPACs) that it controlled to make misleading statements to investors ahead of their initial public offerings (IPOs) that raised $750 million. The SEC’s Division of Enforcement Acting Director, Sanjay Wadhwa, said that Cantor Fitzgerald “repeatedly” claimed it hadn’t approached merger targets in public filings despite having “substantive discussions with several private companies regarding a potential merger, including with the companies with which its SPACs eventually merged.” The SEC press release…
The Solana gaming infrastructure startup MagicBlock is making its ephemeral validator — which creates momentary Solana rollups that can process transactions quicker — open source, the team told Lightspeed exclusively. When MagicBlock went through a16z’s crypto startup accelerator and began advertising its tech earlier this year, it conceived of itself as infrastructure for building onchain games. But when I spoke with MagicBlock co-founder and CEO Andrea Fortugno recently, he pitched me on a broader vision — that MagicBlock’s ephemeral rollups could let all developers move away from traditional web servers and make apps “unstoppable.” To be clear, games are still…