Author: NBTC

In 2024, Bitcoin mining saw big advancements and tough challenges. Miners adopted new technology, used renewable energy, and even expanded into fields like AI. However, high energy costs, stricter regulations, and illegal activities showed there’s still work to do as the industry keeps growing worldwide. The main Bitcoin mining happenings in 2024 are flagship development and reversal. In some respect, the mining sector witnessed an adoption of leading-edge technology and complex financial models, but also it had its fair share of energy controversy and regulatory criticisms. Mines are everywhere with most miners worldwide looking at opening up into other businesses…

George Milling-Stanley, chief gold strategist at State Street Global Advisors, expressed concerns that Bitcoin’s recent rally is pushing investors away from gold, a traditionally stable asset. Speaking on CNBC’s ETF Edge this week, Milling-Stanley warned that the cryptocurrency’s appeal as a high-yield investment could create a “false sense of security” among investors. “Bitcoin is a yield investment, pure and simple,” said Milling-Stanley, whose firm manages the world’s largest physically-backed gold exchange-traded fund, the SPDR Gold Shares ETF (GLD). “People are jumping into yield investments, but Bitcoin doesn’t offer the stability that gold does.” The announcements come as the SPDR Gold…

In a wide-ranging interview with Anthony Pompliano, Coinbase Chief Legal Officer (CLO) Paul Grewal shed light on the regulatory hurdles facing the crypto industry. He outlined his vision for a balanced approach to crypto regulation in the United States. Moreover, Grewal emphasized the importance of protecting innovation while maintaining investor safeguards. He criticized what he described as overreach by agencies like the U.S. Securities and Exchange Commission (SEC). Coinbase CLO On Regulatory Overreach Grewal pointed to the last three and a half years as a period of intensified regulatory hostility, stating, “There’s been a concerted effort to use seemingly neutral…

Binance’s VIP user base has doubled, which has contributed to an increase in institutional adoption. In the year 2024, Binance strengthened its commitment to the safety of its users and to regulatory uniformity. Significant advancements were made in the blockchain sector in the year 2024, as shown by a boom in the acceptance of blockchain technology by the general public and the participation of institutions. Binance, a pioneer in the industry, has been at the forefront of revolutionizing trends and has accomplished significant milestones that have transformed the landscape of digital finance, which were mentioned in the recent report by…

Michael Arrington has published a tweet to comment on the mammoth growth seen by XRP as it managed to surpass the $2 price level on Sunday. The TechCrunch founder issued a short message to his X followers: “XRP is a beast.” XRP is a beast. — Michael Arrington 🏴‍☠️ (@arrington) December 2, 2024 XRP soars above $2, reclaiming top three market cap spot From Thursday of last week until earlier today, the Ripple-affiliated cryptocurrency XRP has stunned the crypto market and the XRP community with an unprecedented 70.55% price surge as it went up from $1.42. On Sunday, XRP finally…

The world’s largest cryptocurrency exchange displayed its dominance across several key metrics including cumulative historical trading volume and number of registered users. Cryptocurrency Behemoth Touts Mind-Bending Trading Volume Binance, the largest cryptocurrency exchange in the world by way of trading volume published its year-end report on Wednesday, revealing a staggering $100 trillion in cumulative historical trading volume across all of its products. The firm grew its customer base to 250 million, a 47% increase in registered users with a total of $160 billion in user assets under custody. To put things into perspective, Coinbase, the largest U.S. exchange had $137…

An unexpected event occurred in the price of Stargate Finance (STG), which is listed on Binance. The STG price lost 87% of its value in seconds on Binance, causing investors to panic. STG price dropped to as low as $0.0525 but then quickly recovered to around $0.38. Experts predict that low liquidity in the trading pair and a massive sell-off could be behind this sudden and sharp decline. Experts also noted that this decline in STG once again shows the importance of staying away from too much leverage and that trading without a stop-loss is risky, even in a bull…

Mastercard brings its Crypto Credential solution to the EEMEA region, starting with the UAE and Kazakhstan. Payments processor Mastercard has rolled out its Crypto Credential solution in the UAE and Kazakhstan, marking its first move into the EEMEA region. The new service makes crypto transfers easier by letting users send and receive tokens using simple aliases instead of complicated blockchain addresses, the company said in a press release on Jan. 9. The expansion will help exchanges like ATAIX Eurasia, Intebix, and CoinMENA, along with Fuze, a digital asset provider, streamline blockchain transactions, the company says. You might also like: Kazakhstan…

Bitcoin’s price correction across multiple timeframes reveals short-term bearish pressure while maintaining a bullish outlook in the long term. Bitcoin Bitcoin’s (BTC) recent price action highlights a bearish correction across short-term timeframes, while the broader trend remains bullish, with key levels dictating potential opportunities for traders. BTC/USD 1-hour chart via Bitstamp on Nov. 24, 2024. The hourly chart reveals a short-term bearish trend for bitcoin, with price action oscillating between $96,556 and $97,118. Increasing selling volume and consecutive red candles indicate a dominant bearish sentiment. A small green candle hinted at a reversal, but the lack of follow-through confirmed the…

Meme coins on the Ripple network are gaining significant traction, sparking interest and speculation. Projects like RIPPLES, the first mobile game built on the XRPL, are leading the way. Top Ripple-based meme coins like $ARMY, $SCRAP, and $589 are attracting investor attention and building strong communities. This meme coin surge coincides with increased liquidity in XRP perpetual futures (perps), particularly between long and short positions. With active speculation around XRP’s price, experts suggest a “launchpad” effect that could lead to rapid price action. HOLY SHIT!! THERE’S SO MUCH LIQUIDITY BUILDING UP ON XRP PERPS AT $1.00 THERE’S $38 BILLION DOLLARS…