Author: NBTC
The price of Bitcoin, the leading cryptocurrency by market capitalization, briefly managed to reclaim the $100,000 level on the Bitstamp level earlier today. The cryptocurrency reached an intraday high of $100,510 after spiking by more than 2% on Wednesday. The rally comes after a Reuters report stating that the SEC will start overhauling its crypto policies immediately following the imminent departure of SEC Chair Gary Gensler. Bitcoin also got a boost after December’s core inflation readings, which exclude food and energy, ended up being better than initially expected. This revived traders’ hopes of the U.S. Federal Reserve implementing several rate…
JUP, the native token of the Solana-based decentralized exchange aggregator Jupiter, has fallen by 3% in the last 24 hours to a current price of $0.90 as the platform prepares to open its latest airdrop claim. The token has dropped 25% from its local high price of $1.20 as the token jumped over the weekend as decentralized exchange—or DEX—trading volumes exploded. Solana DEXs more than tripled their previous weekly marks according to DefiLlama, boosted by the launch of President Donald Trump’s Solana meme coin. After announcing its airdrop eligibility checker last week, Jupiter signaled early Tuesday that it will open…
Is Jamie Dimon’s criticism of Bitcoin justified, or is it overshadowed by JPMorgan’s blockchain investments and data showing crypto’s decreasing role in crime? Table of Contents Jamie Dimon fires again A history of criticism JPMorgan’s blockchain dilemma The illicit activity argument: reality vs. perception Critics who’ve changed course Jamie Dimon fires again When JPMorgan Chase CEO Jamie Dimon speaks, the financial world pays close attention. His opinions on Bitcoin (BTC) are often polarizing, and his latest comments are no exception. In a Jan. 12 interview with CBS News, Dimon reiterated his long-standing view that Bitcoin “has no intrinsic value” and…
Sui, a Layer-1 blockchain developed by Mysten Labs, is laying the groundwork for a transformative 2025, according to co-founder Adeniyi Abiodun. Building on a strong 2024 with achievements like sub-second transaction finality and growth in decentralized finance and gaming, Sui (SUI) is intensifying its focus on scalability, functionality, and developer-friendly tools. At the heart of Sui’s updates is Mysticeti V2, according to Abiodun’s X post. Mysticeti V2 is an upgraded consensus mechanism aimed at streamlining transaction processing. By reducing cryptographic operations and minimizing validator communication, Mysticeti V2 aims to deliver faster transactions and improved throughput. You might also like: Acting…
Bitcoin has done it. Again! The OG crypto that refuses to stay quiet shot back up to $100,000 today, shaking off the doubters and flipping the tables on every short seller betting against it. Ethereum wasn’t far behind, surging to $3,450 with a tidy 3.5% bump in just 24 hours. If you blinked, you missed $309 million in liquidations across the crypto market, with $208 million of that coming from crushed short positions. The rally isn’t happening in a vacuum. Bloomberg data pegs Bitcoin’s 30-day correlation with the Nasdaq 100 Index at 0.70. Translation: Bitcoin’s price is moving in step…
The price of Worldcoin token WLD surged nearly 20% to reach a high of $2.30, as the biometric crypto project reacted to the latest AI-related developments. On Jan. 21, CBS News reported that U.S. President Donald Trump is set to announce a new AI initiative backed by private sector heavyweights OpenAI, SoftBank, and Oracle. The AI infrastructure investment project, reportedly named Stargate, will focus on advancing artificial intelligence in the U.S. and globally. The news appears to have jolted World (WLD), formerly Worldcoin, token holders, with the cryptocurrency jumping from lows of $1.90 to an intraday high of $2.30. This…
When Donald Trump launched his own meme coin on Friday, a lot of people made a lot of money very quickly—but there’s at least one trader who bet, and won, a substantial amount of money much more quickly than most. On Friday, four hours before Trump made the shocking announcement that he had launched TRUMP, his own Solana meme coin, an anonymous user filled a brand-spanking-new crypto wallet (identified as “6QSc2”) with over $1 million dollars worth of SOL, and then sat waiting. Within thirty seconds of the Trump’s meme coin announcement on Truth Social Friday evening, the wallet emptied…
A widely followed crypto analyst says Bitcoin (BTC) may be at a critical juncture this month that could determine whether its uptrend continues. In a new video update, crypto strategist Benjamin Cowen tells his 858,000 YouTube subscribers that if Bitcoin can hold the range low of $90,000 in January as support, the flagship crypto asset will likely have an explosive rally based on historic precedence. “This is what you look for to try to figure out which [trend] is prevailing. Last January, when we wicked below the range low, we only stayed there a few days. In 2023, when Bitcoin…
Cryptocurrency analysis company Santiment, in its latest report, touched upon the “real world assets (RWA)” themed altcoins that have been occupying the cryptocurrency world lately. The analytics company shared the 10 tokens that developers focus on the most in this altcoin theme. The data was created by evaluating the code entries on the Github pages of open-source cryptocurrency projects. Here are the cryptocurrencies and developer scores that altcoin developers have focused on the most in the RWA category in the last 30 days, according to Santiment analysts: Chainlink (LINK) – 306 Synthetix (SNX) – 184 Dusk – 35 Lumerin (LMR)…
Earlier this morning, the U.S. government announced via a court document that stolen bitcoin from the Bitfinex hack in 2016 should be returned to the exchange in-kind. This bitcoin, as seen publicly on the blockchain via Arkham Intelligence, totals 94,643 BTC currently worth $9.4 billion at the time of writing. Just five days before pro-Bitcoin Donald Trump is sworn into office for a second term, the U.S. government seems to be on the verge of sending a large chunk of U.S. held bitcoin back to Bitfinex. Last summer, at The Bitcoin 2024 Conference in Nashville, Donald Trump pledged to create…