Author: NBTC
Blockchain devices have seen “extraordinary growth” in 2023-2024, stimulated by government use, innovation and “growing acceptability” in the industry, a report by SNS Insider claims. The report also stated that the blockchain devices market size is expected to climb to $16.81 billion by 2032 from its present level of $900 million. The projected spike represents a compound annual growth rate (CAGR) of 38.44% over an eight-year period. SNS Insider’s prediction cites rising state-level adoption of blockchain solutions as a key driver for the ecosystem’s growth, with governments exploring digital IDs and novel ways to stifle fraud. Another factor behind the…
As Bitcoin declines back to $98,000 levels, Ethereum struggles to hold its recovery. With an intraday pullback of 5.36%, Ethereum is back to trade at $2,729. Currently, Ethereum is hinting at an extended downfall as it fails to reclaim the $3,000 mark with the last-night recovery run. Will the concurring bullish failure in Ethereum price trend result in an extended downfall? World Liberty Financial’s Strategic Reallocation Amid the recent market shakeout, Donald Trump’s World Liberty Financial has made high-volume movements in its crypto holdings under regular treasury management. In a recent X post, the fund highlighted, “To be clear, we…
World Liberty Financial, a crypto-focused investment firm backed by Donald Trump, is facing significant losses in its cryptocurrency portfolio. According to blockchain analytics platform SpotOnChain, the firm invested $242.77 million in various digital assets between January 19 and January 31, 2024. However, the portfolio has since plummeted by over 21%, resulting in a staggering $51.77 million in unrealized losses. Massive Losses Across Key Assets The firm’s biggest holdings, Ethereum (ETH), Wrapped Bitcoin (WBTC), and Ethena (ENA), have suffered sharp declines, dragging down the portfolio’s overall value. Ethereum and Wrapped Bitcoin Take the Hardest Hit Ethereum (ETH), the firm’s largest holding,…
Ripple’s XRP has won over crypto and is now taking over traditional finance firms. According to on-chain data, XRP has overtaken BlackRock, the world’s largest asset manager, in market capitalization. As of January 15, 2025, XRP’s market cap sits at $162 billion, surpassing BlackRock’s $154 billion. This market milestone also places it ahead of globally recognized brands like Coca-Cola, Disney, and Nike. Crypto coins have set off on a Trump rally ahead of his inauguration on January 20, 2025. Ripple’s market cap now appears to be a beneficiary of the surge in price. On-chain data shows the coin has hit…
The U.S. Securities and Exchange Commission (SEC) has removed Jorge Tenreiro, a prominent legal expert known for leading lawsuits against major cryptocurrency exchanges, from his position and reassigned him to a position in the agency’s information technology office. Tenreiro, who played a key role in shaping the SEC’s legal stance against crypto platforms, was transferred last week along with another top attorney involved in crafting controversial accounting policies that complicated banks’ ability to protect crypto assets. The SEC declined to comment on the reassignments. The agency’s softening stance on cryptocurrencies comes after political changes in Washington. With President Donald Trump…
SBI Remit and SBI Shinsei Bank have announced a new customer referral agreement to improve international money transfer services. Yoshitaka Kitao, President & CEO of SBI Holdings, Inc., called attention to this latest collaboration in a tweet on Monday. The partnership between these two prominent entities within Japan’s financial landscape will enhance the speed and cost-effectiveness of remittances for their customers. Notably, the initiative commenced last Friday, January 31. It focuses on delivering a seamless transfer experience for individuals and businesses looking to send money abroad. SBI新生銀行とSBIレミットによる国際送金サービス提携開始について［SBIレミット, SBI新生銀行］ https://t.co/nqhhBKapQf — 北尾吉孝 (@yoshitaka_kitao) February 3, 2025 Leveraging Ripple and XRP Technology…
Tether CEO Paolo Ardoino has once again refuted claims that the company is developing its blockchain. On Feb. 5, Ardoino took to X to clarify that Tether has no intention of launching a blockchain, calling the speculation baseless. His statement addressed comments from crypto influencer Ansem, who was one of the many industry voices speculating whether the stablecoin giant was working on a proprietary network. This is not the first time Ardoino has had to set the record straight. Back in November 2024, he made it clear that Tether has no interest in centralizing its ecosystem through a dedicated blockchain.…
Two years and 143 days since Ethereum’s switch to proof-of-stake (PoS), dubbed the “Merge,” Ether (ETH), is once again set to become net-inflationary. The advent of “blobs,” drastically reducing the gas fees paid by Layer Two (L2) networks, bucked the “ultrasound” trend last April, shortly after being introduced via the Dencun upgrade. With a current daily positive supply of just over 1,570 ETH, the balance is projected to flip positive in just over 24 hours. Read more: Little-known crypto makes ETH deflationary — but for how long? The post-Merge vision for ETH as an ‘ultrasound’, deflationary asset got off to…
Argo Blockchain’s interim CEO, Jim MacCallum, bought more than 70,000 of the company’s shares in an insider transaction. Jim MacCallum, Argo Blockchain‘s interim chief executive, purchased 75,000 of the company’s shares in the form of American Depositary Receipts — U.S.-traded shares representing foreign company stock — between Jan. 29 and Jan. 30, the company revealed in a regulatory filing. The shares were bought on Nasdaq prices ranging from $0.4550 to $0.4700 each, the filing reads. In total, MacCallum spent around $34,625 on the shares, with an average price of $0.4617 per ADR. The insider purchase was disclosed as required by…
According to the data revealed by Shibburn, over the past day, the burn rate of the prominent meme coin Shiba Inu has demonstrated a massive crash. However, the coin’s price reacted unexpectedly. SHIB price defies SHIB burns A tweet recently published by the aforementioned data source revealed that over the last day the SHIB burn metric plunged by more than 55%. The amount of meme-inspired coins burned in the process totalled 9,380,103 SHIB. The largest single burn transfer amounted to 8,910,223 SHIB coins. A day before, the largest burn transaction carried 18,973,108 SHIB and 1,000,000 SHIB to unspendable blockchain wallets.…