Author: NBTC

Amid the political turmoil and resignation of Justin Trudeau, some exciting news for crypto lovers is coming out from Canada’s changing political scenario. After Justin Trudeau announced his departure from the Prime Minister role and leader of the Liberal Party, there is a buzz on the prediction market that Pierre Poilievre could become the next Prime Minister of Canada. Popular prediction platform, Polymarket suggests an 87% chance of Pierre Poilievre becoming the Prime Minister of Canada. Pierre Poilievre has been a vocal supporter of cryptocurrency and decentralization. Pierre Poilievre dismissed the impact of Justin Trudeau’s resignation announcement in a post…

The global digital assets market saw many ups, and slightly fewer lows in 2024. The $234 million WazirX hack was one of the major highlights of the last year which shocked the Indian crypto community. In the latest developments, an India-grown crypto exchange seems to be lending a helping hand to the affected users. CoinSwitch unveiled a Rs 600 crore (approx. $70 million) recovery program for WazirX users. The exchange aims to help users recover losses and acquire customers from the embattled exchange. This comes in when the hacked exchange is planning new business initiatives alongside distributing funds to Creditors.…

Bitcoin miners across the United States are reportedly hoarding the apex crypto in what looks like an all-out arms race to survive rising costs and tougher competition. Giants like Mara Holdings, Riot Platforms, and CleanSpark are leading the charge, raising $3.7 billion since November. The timing is no coincidence. Bitcoin hit an all-time high of $100,000 last month, giving miners a golden chance to convert hype into hard cash. With Donald Trump now officially back in the White House, promising that BTC will be “mined, minted, and made in the USA,” the stakes have never been higher. High costs amid…

Bitcoin witnessed a sharp sell-off on Monday, with the asset’s single-day performance giving up more than half of the gains made last week. The world’s largest crypto fell 4.8% on the day to just above $93,000, with Monday’s drop totaling more than $4,800. For context, that’s more than 55% of last week’s $8,100 runup. Still, analysts say the move is likely part of traders rebalancing their positions as they look to the end of the year, particularly in late December, which has proven to be a favorable month in the past. “We see a combination of two catalysts pushing Bitcoin’s…

Key Takeaways Pierre Poilievre opposes central bank digital currencies and supports Bitcoin and other digital assets. Poilievre advocates for favorable regulations for blockchain companies and views crypto as a hedge against economic instability. Pierre Poilievre, leader of Canada’s Conservative Party, has positioned himself as a prominent advocate for crypto and DeFi while emerging as a leading candidate for Prime Minister following Justin Trudeau’s resignation. Poilievre joined a crypto podcast in February 2022 hosted by Robert Breedlove, a Bitcoin advocate known for making controversial comparisons between central banking policies and historical atrocities. During the show, Poilievre shared that he and his…

MEXC introduces Euro support for OTC trading, easing access for European users in the cryptocurrency market. The platform offers zero-fee Euro deposits and various payment methods, streamlining blockchain engagement for European traders. MEXC has added Euro functionality to its OTC (Over-The-Counter) trading platform, offering a big boost for European users interested in crypto transactions. This new function guarantees a flawless and quick process for purchasing and selling digital assets by allowing flawless fiat contributions through bank transfers free of expenses. By this action, MEXC increases its global presence in the crypto market and facilitates access to the blockchain economy for…

Bitcoin (BTC) miners’ daily revenue and gross profit rose for the second consecutive month in December, hitting the highest levels since April, JPMorgan (JPM) said in a research report on Monday. Mining profitability increased as the rally in the world’s largest cryptocurrency continued to outpace network hashrate growth, the bank noted. JPMorgan estimated that bitcoin miners earned an average of $57,100 per exahash per second (EH/s) in daily block reward revenue last month, 10% more than in November. Still, “daily revenue and gross profit per EH/s is still 43% and 52% below pre-halving levels, respectively,” analysts Reginald Smith and Charles…

Defying skeptics, Bitcoin (BTC) has nearly reached the once-unimaginable $100,000 milestone after trading at $0.0009 in 2009. Just a few years ago, only the most optimistic in the industry could have envisioned Bitcoin nearing $100,000—but now, that vision remains within striking distance despite a pullback from above $99,000 late last week. Let’s examine past Bitcoin all-time high cycles and how the current stage compares in its growth trajectory. Understanding the patterns behind Bitcoin’s all-time high behavior is key to predicting whether history might repeat itself. The real question is: will it repeat? Or are we at a unique moment—akin to…

XRP, the third largest cryptocurrency by market capitalization, has seen a massive price gain, reaching a near-seven-year high of $2.90, last seen in January 2018. Large holders, referred to as whales, have been moving XRP at an unprecedented rate, with on-chain analytics platform CryptoQuant reporting substantial XRP whale activity. In a recent analysis, CryptoQuant stated that “Since its launch, XRP has never captured the attention of whales to this extent,” adding that “XRP whale activity has reached an all-time high.” $XRP Whale Activity Hits All-Time High!“#XRP whale activity is at an all-time high, indicating that XRP has now been embraced…

Dennis Porter, co-founder of Satoshi Action Fund has revealed that up to 20 ‘Strategic Bitcoin Reserve’ bills will be introduced at the state level and there may even be multiple bills in the same state. Porter further added that lawmakers are competing aggressively to make it happen first. In a X post, Porter shared this revelation as he highlighted that the vast majority of these bills will be based on Satoshi Act Fund’s Strategic Bitcoin Reserve (SBR) models. Satoshi Act Fund Co-founder : 20 Bitcoin Reserve State Bills People often ask me: “when will the process start for ‘Strategic Bitcoin…