Author: NBTC
As the crypto market faces a selling bout, a statement by Bitcoin’s mysterious creator, Satoshi Nakamoto, has resurfaced, capturing the crypto community’s attention. Shared by Bitcoin historian Pete Rizzo, the statement highlights the concept of scarcity, which has remained key to Bitcoin’s value proposition. Rizzo wrote while sharing the historical statement on X: “Satoshi Nakamoto on the scarcity of Bitcoin at $0, exactly 15 years ago. Only 21 million.” ✨ Satoshi Nakamoto on the scarcity of #Bitcoin at $0, exactly 15 years agoOnly 21 million 🚀 pic.twitter.com/FByWtfQVyv — The Bitcoin Historian (@pete_rizzo_) December 9, 2024 The statement made by the…
A recent Kraken survey shows that attitudes towards crypto are changing, with 55% of Americans believing that crypto assets have real-world uses and 73% plan to reinvest in 2025. A survey conducted by the major crypto exchange Kraken on 2,537 Americans revealed that 55%, whether they own crypto or not, believe that crypto has real-world uses. However, around 29% are still uncertain about its future outlook. Despite this uncertainty, around 73% of respondents who currently hold crypto admitted that they plan to continue investing in digital assets as they enter the new year of 2025. As many as 43% view…
On October 17, 2024, Animoca Brands revealed its strategy to purchase WATCoins (WAT), the service token associated with its subsidiary GAMEE’s Telegram Mini App, WatBird. This initiative aims to bolster WatBird’s integration within the larger TON ecosystem, signifying a notable commitment from Animoca Brands. Contents hide 1 What is the Importance of WATCoin? 2 How Does Animoca Maintain its Market Position? What is the Importance of WATCoin? WATCoin plays a pivotal role in enabling WatBird to deliver a variety of services and rewards to its users. By initiating this buyback, Animoca Brands intends to elevate the platform’s activity and influence…
Dave Sandor, former executive director at Goldman Sachs and Morgan Stanley for the Asia Pacific region, announced his new role as co-founder at OpenZK Network, a solution designed for ZK-Rollup scaling. OpenZK announced Dave Sandor would be joining as co-founder to spearhead advancements in ZK-Rollup scaling solutions on X. Sandor has worked as an executive director at Goldman Sachs and Morgan Stanley to focus more on product structure, integrating institutional finance into potential decentralized finance. At OpenZK Network, Sandor will lead the development of next-generation Layer 2 solutions, focusing on improving the ecosystem’s reward mechanism and user experience. “Dave’s unique…
The crypto market has recently been experiencing a substantial increase in the whale activity with huge $VIRTUAL buyouts. As per the data from Lookonchain, two new wallets, potentially controlled by the same whale, have redeemed 10M $USDC tokens from Coinbase, purchasing 4.25M $VIRTUAL tokens. Whales are buying $VIRTUAL! #VIRTUAL2 fresh wallets(likely belonging to the same whale) withdrew 10M $USDC from #Coinbase to buy 4.25M $VIRTUAL at $2.35.0xcf4d…b6bc spent 406 $ETH($1.58M) to buy 664,361 $VIRTUAL at $2.39.Address:0x6ad3e576b9df3de97e72866b8ac84642bcb717b3… pic.twitter.com/hXnLjNn7So — Lookonchain (@lookonchain) December 14, 2024 Whales Purchase 4.25M $VIRTUAL Tokens for 10M $USDC Coins, Suggesting an Interest Renewal in Altcoin Sector The…
Bitcoin has experienced a period of sideways price action over the past two weeks. Despite this, the leading cryptocurrency has seen one of its largest bouts of accumulation in recent memory. This accumulation, valued at $23 billion, has helped maintain Bitcoin’s price above the critical $96,000 level. Bitcoin Investors Are Optimistic The Cost Basis Distribution (CBD) provides key insights into the Bitcoin market’s current sentiment. Data reveals that $99,559 has emerged as the largest accumulation zone, with 125,000 Bitcoin bought just below the $100,000 mark. Meanwhile, the range between $96,000 and $98,000 has also seen significant accumulation, with 120,000 BTC…
Ethereum (ETH) saw a dip on December 9 but recovered back above the 21-day SMA. On December 9, the bulls bought the dips and started an uptrend above the 21-day SMA. The largest altcoin is starting the second wave of its upward momentum. Buyers are hoping to push Ether above $4,000. Ethereum price long-term analysis: bullish A break above the recent high will catapult the altcoin to a high of $4,500. On the upside, the bears will offer resistance near the psychological $4,000 mark. The uptrend is currently encountering early resistance above the 21-day SMA. If the bulls are unable…
The Fed will be cautious about cutting interest rates in 2025 and will pause its quantitative easing cycle after June, according to Comerica Bank chief economist Bill Adams. Speaking at a finance panel, Adams outlined his predictions by suggesting the Fed will cut rates twice in 2025, in March and June, before adopting a “wait and see” approach for the rest of the year. “The Fed signaled at its September meeting that they are looking to lower interest rates to a less restrictive level,” Adams said, noting that inflation has slowed to between 2.5% and 3%, but is still above…
Wietse Wind, founder of Xaman development team XRPL Labs, has called for a reduction in the XRP Ledger’s (XRPL) account reserve fee. Taking to X, Wind recently explained why he supports reducing the account reserve from 10 XRP (about $5.50) to 1 XRP ($0.55), a 90% drop. His argument centers on making the XRPL more accessible, especially to users and projects in regions with lower purchasing power. Currently, the XRPL requires users to hold a reserve of 10 XRP in their accounts, which they cannot access while the account remains active. This reserve fee aims to prevent excessive account creation,…
REI Network has collaborated with Imagen AI to revolutionize the intersection of artificial intelligence and Web3 technologies. This partnership aims to empower creators by enabling the seamless minting, trading, and sharing of AI-generated NFTs. It leverages REI’s high-performance, zero-fee blockchain framework alongside Imagen’s state-of-the-art AI image generation capabilities. REI Network is a high-performance blockchain for web3. Imagen AI is renowned for its cutting-edge AI-powered image generation technology. REI Network joins forces with @Imagen_Network to redefine the AI x Web3 experience! 🎨💻With REI’s high-performance, zero-fee blockchain framework and Imagen’s cutting-edge AI image generation, we’re enabling creators to mint, trade, and share…