Author: NBTC
The fact that Bitcoin grew by almost 40% in November had to be reflected in market activity statistics, including spot volumes of major cryptocurrency exchanges. According to the benchmark prepared monthly by Finance Magnates Intelligence, turnover increased by an average of 180% compared to the previous month and year. Although Bitcoin didn’t cross the psychological barrier of $100,000 in November and only did so today (Thursday), it fell short by just $200 last month. November increased Bitcoin’s value by $26,000 (37%) and sparked a new wave of euphoria in the market, igniting the imagination of analysts and investors, while providing…
Magpie Protocol, a cross-chain aggregation infrastructure provider, has announced an exclusive integration with Sonic Labs. As per Magpie Protocol, its decentralized application will launch and become completely operational on the well-known EVM L1 blockchain Sonic to let protocols and consumers leverage it for rapid transactions. The platform disclosed this development on its official social media account. Ready to fly at Super sonic speeds? 💨Magpie is incredibly excited to announce that we will be integrating with @0xSonicLabs Sonic Mainnet, the fastest EVM Layer 1 blockchain in the space!Magpie is going to be live and fully operational on day ONE of launch,…
Prominent Bitcoiner Michael Saylor, the founder and currently the executive chairman of MicroStrategy, has addressed the millions of his followers on X to share a crash course in Bitcoin with them. He also gave a warning to crypto investors about Bitcoin scams. In the meantime, Bitcoin is approaching the $65,000 level. Michael Saylor’s Bitcoin crash course Michael Saylor published a tweet, in which he invited investors to feel free to take his BTC crash course available via the link attached. Saylor stated that this course contains a detailed discussion of MicroStrategy’s Bitcoin business model. It also discusses “the growth opportunities…
Justin Sun’s team moved 41,630 ETH, worth $146M, into centralized exchanges. Major ETH Deposits Directed to HTX around 39k ETH and 2,630 ETH to Poloniex. Ethereum eyes $4,000 after breaking the $3,800 level as the next critical resistance level stands at $3920. Tron founder Justin Sun’s team is catching the eyes of crypto enthusiasts in the crypto space by transferring 41,630 ETH, worth $146 million, to centralized exchanges. This move comes after Ethereum’s impressive 60% rally over the past month, soaring to $3,860. Many in the crypto community are wondering: Is Sun cashing out profits or gearing up for a…
Japanese PM Shigeru Ishiba is uninterested in lowering crypto taxes for a hard-squeezed populace, as per comments made on Monday during a Q&A period at the House of Representatives plenary session. When pressed about crypto tax reform and crypto ETFs (exchange-traded funds), the warhawk prime minister questioned whether people should be encouraged at all to invest in such assets, resulting in anger from opposition parties. Citing a 2024 plan by the Financial Services Agency (FSA) to “reexamine” the topic of crypto, the leader of Japan’s Democratic Party for the People (DPP), Yuichiro Tamaki, said on X he wants “Prime Minister…
Coinone, a South Korean crypto exchange, has brought in local and Canadian law firms to investigate the NFPrompt (NFP) token dispute. In March, Coinone’s NFP price plummeted 70%, while prices on international cryptocurrency exchanges remained relatively stable. Coinone’s decision to launch a probe comes on the heels of South Korea’s investigation into the AVAIL token. At the time of this writing, the NFP token is trading at $0.2303, down 5% in the past day. Although it’s down 1.15% over the past week, the token is up 1.91% over the past 30 days. The massive 46% drop in its 24-hour trading…
Gary Gensler is stepping down as SEC Chair on January 20, 2025. But before leaving, he has made a final strike against the crypto world. The SEC, under his watch, filed an 81-page document targeting Binance. It opposes Binance’s motion to dismiss its lawsuit, calling Binance Coin (BNB) and ten other tokens securities. Let’s unpack what this means for Binance and the broader crypto market. SEC’s Target: Eleven Cryptocurrencies The SEC is not happy targeting just Binance Coin. Along with BNB, it labeled ten more tokens as securities: Solana (SOL), Cardano (ADA), Polygon (MATIC), Filecoin (FIL), Cosmos (ATOM), The Sandbox…
Kamino, the largest decentralized exchange on Solana, is set to launch an innovative swap feature designed to enhance trading efficiency. The new swap feature, known as Kamino Swap, aims to address current inefficiencies within the Solana exchange ecosystem, including issues like network congestion and slippage. As co-founder Marius Ciubotariu highlighted, this platform will leverage real-time data from Pyth Network, promising the lowest trading fees and competitive asset prices on Solana. Kamino launches Kamino Swap, a new decentralized exchange feature addressing efficiency in Solana trading while promising low fees and competitive prices. Kamino Swap Launch: Redefining DEX Trading on Solana The…
Ozean, a prominent Clearpool-powered blockchain entity dealing with RWA yield, has announced an exclusive collaboration with Yieldstone. The partnership between Ozean and Yieldstone will offer access to refined real estate investment options on-chain. Clearpool took to social media to disclose this endeavor. Ozean partners with @yieldstone to bring sophisticated Real Estate investment vehicles on-chain 🏡📈Yieldstone is a blockchain platform that combines the best features of two lucrative models: Real Estate Investment Trusts (REITs) and Private Equity Real Estate (PERE) funds,… pic.twitter.com/Jul24BaYN0 — Clearpool (launching Ozean🌊) (@ClearpoolFin) December 5, 2024 Ozean and Yieldstone Join Forces to Enhance Predictability of Yields and…
The cryptocurrency market has seen $118 million in liquidations in the last day, primarily aimed at bearish traders. Bitcoin and Ethereum were at the forefront, with Bitcoin alone seeing over $68 million in liquidations, according to the provided liquidation heatmap. With about 88% of liquidations coming from short traders, the general sentiment of the market points to a massive shakeout of short positions, indicating that bears are under a lot of pressure. The two companies with the highest liquidations, especially in short positions, were Binance and HTX. It is noteworthy that HTX’s liquidations, which had a 98% short liquidation rate,…