Author: NBTC
Remixpoint’s latest Bitcoin purchase of $1.38 million boosts its total crypto holdings to a market value of $34.3 million, reflecting a profit of nearly $6.72 million. Japan‘s energy and automotive business consulting company Remixpoint has acquired an additional Bitcoin (BTC) for $1.38 million, bringing the total amount under its crypto investment portfolio to $27.59 million, Yahoo Japan reports. On Monday, Dec. 9, the company announced that it had completed the additional purchase of 13.24 BTC on Dec. 5 and Dec. 6, utilizing ¥213.9 million (approximately $1.38 million) of its planned ¥1.5 billion ($10.34 million) digital asset investment. The purchase price…
According to reports, Oddo BHF SCA is developing a euro-denominated stablecoin. The financial group, headquartered in Paris, anticipates that the token will be released next year, although it is subject to regulatory approval. The initiative will bring the company into an increasingly crowded market. Stablecoins’ low volatility has made them a popular choice among crypto traders who want to transmit funds between platforms or enter and exit positions. They have also become more beneficial for firms that wish to effectuate faster and more cost-effective digital payments and for investors who wish to trade and settle traditional assets like bonds using…
Despite XRP price stagnation recently, some market analysts maintain an optimistic outlook, suggesting the Ripple token could see a 1000x increase, pushing its value to $500. While ambitious, this target raises questions about the likelihood of such growth and the factors that could drive it. Is a 1000x Increase in XRP Price Even Feasible? A 1000x surge in XRP price could be realized if the broader crypto market sees substantial expansion. However, achieving $500 per XRP would result in a market capitalization of a whopping $28.3 trillion, based on the current supply of 56.65 billion coins. Such a figure far…
John E. Deaton, a vocal advocate for the crypto industry, has once again shared his views on the need for better regulation. He has often criticized SEC Chair Gary Gensler and his approach, which many see as stifling the growth of cryptocurrencies. This time, Deaton is highlighting a potential solution: merging the SEC (Securities and Exchange Commission) and the CFTC (Commodity Futures Trading Commission). One Crypto, One Rule! On Mornings with Maria, Perianne Boring discussed how having two separate agencies oversee financial markets creates confusion and inefficiency. Deaton agreed, explaining that combining the two agencies into one could clear up…
SEONGNAM, South Korea — LINE NEXT Inc., the Web3 innovation arm of LINE, and the Kaia DLT Foundation (Kaia) are set to debut a new era of decentralized applications with the launch of “Mini Dapps” and a dedicated Dapp Portal in Q1 2025. Users will be able to access both services directly through the LINE Messenger app, enhancing the accessibility of Web3 tools for millions.—A New Approach to Web3 AccessibilityThe launch of Mini Dapps comes as part of Kaia Wave, a program aimed at empowering global Web3 developers. From a competitive pool of over 800 applicants, 30 teams were selected…
Data suggests large institutions in the United States aggressively purchased BTC during the Bitcoin crash to the $94,000 mark. Over the past 24 hours, the crypto market has witnessed significant turbulence, as rapid market fluctuations have led to substantial losses. However, amid the chaos, a class of investors appears have doubled down on their convictions. While the crypto market was thrown into a brief panic as Bitcoin experienced a sharp decline from the $97,000 price point to near $94,000, data suggests that institutional investors were aggressively buying. US Institutions Leverage the Bitcoin Crash This is according to a December 10…
The higher MicroStrategy (MSTR) climbs, the more eyes it attracts. As the company’s market capitalization has swelled, veterans of finance are questioning its growth prospects — including some of its fans’ unique or redefined financial terms. For example, a chartered financial analyst created a video questioning whether MicroStrategy’s supposed “bitcoin (BTC) yield” metric might have pyramid scheme mechanics. Many other critics have called the Michael Saylor-led BTC acquisition company a type of pyramid scheme. Unlike a pyramid scheme, however, MicroStrategy doesn’t guarantee returns, distribute dividends, promise earnings from equity investment, or make any payouts to later investors from the proceeds…
Hedera faces a 43% drop over six months but could rise 30% if it surpasses resistance. Notcoin maintains a strong upward trend with a 293.49% increase over six months. Pepe gains 81.14% over six months, with a bullish outlook for continued growth. Hedera (HBAR), Notcoin, Pepe, Terra Classic, and NEIRO are making headlines in the crypto market, each displaying unique price movements and potential opportunities. While some coins show signs of struggle, others are riding strong upward trends. In this market analysis, we explore how these cryptocurrencies are faring, their recent performance, and what the future may hold for investors…
Elon Musk has criticized the U.S. SEC for being a “weaponized institution” in a recent post on X The SEC is just another weaponized institution doing political dirty work https://t.co/5w9ajcS6bf — Elon Musk (@elonmusk) December 12, 2024 Both Ripple CEO Brad Garlinghouse and Ripple CTO David Schwartz reacted to Musk’s post. What he said 👇 https://t.co/sHs1aLkf8Z — Brad Garlinghouse (@bgarlinghouse) December 13, 2024 👍 https://t.co/LIVaB2xkrj — David “JoelKatz” Schwartz (@JoelKatz) December 12, 2024 Musk’s critique comes after the news that the Fifth Circuit en banc, in an opinion by Judge Andrew Oldham, holds that the SEC acted unlawfully in approving…
HyperGPT, a pioneer in the AI and Web3 industries, today unveiled that it has entered an alliance with Renta Network. The partnership seeks to restore the rental economy worldwide by integrating blockchain, Web3, and artificial intelligence features. 🔥 @RentaNetwork x HyperGPT Partnership AnnouncementHyperGPT is excited to announce a strategic partnership with Renta Network! 🤝Renta Network is a decentralized rental ecosystem leveraging blockchain, Web3, and AI to securely tokenize and rent real-world assets with minimal… pic.twitter.com/0oaL3aiytZ — HyperGPT (@hypergpt) December 12, 2024 A Decentralized Vision for the Rental Market Renta Network, which has pioneered blockchain technologies, is developing an innovative renting…