Author: NBTC
The world of cryptocurrencies is no stranger to unexpected trends. Among them, few have been as impactful and entertaining as the rise of animal-inspired memecoins. CoinGecko’s recent coverage of Peanut the Squirrel ($PNUT) reveals the fascinating dynamics behind these tokens. Animal-themed memecoin, $PNUT has outperformed competitive memecoin by showing a significant rise of 135x than $DOGE, rolling out $1 billion in 11 days. Memecoins are built on a foundation of humor, community, and viral storytelling. The memecoin, $PNUT, has captivated investors by achieving astronomical growth in record-breaking time. $PNUT Leads the Pack of Animal Memecoins, CoinGecko Report P$NUT’s journey to…
Crypto industry faces uncharted waters in Washington as pro-crypto administration takes shape
As we enter the new year, cryptocurrency has been enjoying a thriving environment, with every angle turning out in its favor. From Washington, D.C., to Silicon Valley, cryptocurrency has been floating on untested waters as the new administration is taking shape. As the pro-crypto president-elect has yet to assume office, the future of digital assets looks promising, with some key administrative offices taking shape. The Securities and Exchange Commission is having a new nominee for chairperson, who is also pro-crypto. Besides, there will also be a new AI and crypto czar. Although the new administration is creating a promising environment,…
Bitcoin’s journey continues to dominate market conversations as it approaches the critical $100,000 psychological milestone. On CNBC, industry experts Todd Rosenbluth and Dan Egan assessed the changing role of Bitcoin and the cryptocurrency markets as the year comes to a close, discussing institutional adoption, retail participation, and future trends. Rosenbluth noted the significant progress made in the area of Bitcoin ETFs, particularly in 2024. This year, groundbreaking products like BlackRock’s iShares Bitcoin Trust have been launched, leading to increased institutional interest. The availability of options tied to Bitcoin ETFs, which began trading on Nasdaq last week, has opened up new…
Ripple has taken over the crypto community with reports circulating about the imminent launch of its new stablecoin, RLUSD. According to sources from BSCN Insider on Telegram and Cointelegraph, the launch is expected to happen today. However there has been no official confirmation from Ripple at this time, leaving the crypto community anticipated. BSCN Insider claims RLUSD to be launched today (Source: Telegram) Cointelegraph claims RLUSD to be launched today (Source: X Post) No Official Word Yet, But Hype Builds Despite the buzz, Ripple has not made any public announcements regarding the stablecoin RLUSD launch. The lack of confirmation has…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. You already know a bunch of pro-crypto political candidates won their elections in November. Today marks the start of seeing what that will mean. Well, sort of. The Republican-led House gathered just hours ago to begin voting on whether to re-elect Mike Johnson as its speaker. So there’re some other things to deal with before crypto-related matters take center stage. But it appears they will eventually, with crypto market structure and stablecoin legislation expected to gain attention in the coming months. As mentioned yesterday, Rep. French…
With Bitcoin just shy of the $100,000 milestone, are profit-takers controlling the market, or is this a setup for another massive rally? Table of Contents BTC cools off What’s really happening with Bitcoin? Experts shed light on BTC’s path What to expect next? BTC cools off Bitcoin (BTC) has had an exciting run recently, but it seems the party is taking a breather. After coming tantalizingly close to the $100,000 mark, the world’s largest crypto by market cap is cooling off. As of Nov. 26, Bitcoin is trading around $94,300, marking a 3% drop in the last 24 hours. This…
In an impressive display of market timing, cryptocurrency whales are reaping significant profits by trading on the burgeoning trend of Real-World Assets (RWA). The focus on cryptocurrencies like $ONDO and $LINK has shown exceptional returns, with price surges of 52% and 35% today. The movements suggest strategic trading behaviour linked to these specific assets. Whales appear to be cashing in big profits on the Real-World Assets (#RWA) trend as $ONDO (+52%) and $LINK (+35%) soar today!1/ Whale “0x992” deposited 500,736 $ONDO ($815K) to #Coinbase for a $294K profit (+56%) ~4 hours ago, leaving 2M $ONDO ($3.22M) with an unrealized $1.46M……
American banks seeking to offer customers services built on public blockchain networks appear to have been discouraged from doing so by the Federal Deposit Insurance Corporation, documents released Friday revealed. The disclosure came courtesy of a trove of newly unredacted crypto-related correspondences between the FDIC and member banks. San Francisco-based cryptocurrency exchange Coinbase obtained the documents via the Freedom of Information Act, or FOIA. Last month, Coinbase secured heavily redacted versions of 23 such letters. Thanks to a court order, the contents of those letters—and two new ones—were revealed today in their (near) entirety. One of those letters, sent in…
Everything built on top of Bitcoin that you are aware of today is because of the primitives that Bitcoin Script supports. What do I mean by primitives? The basic components of a programming language that you can use to build actual applications to do things. No programming language was ever designed specifically for a single application, i.e. to build one program. They are designed to support basic primitives, like mathematical operations to manipulate data, or creating basic data structures to store data in a certain way, or operations to iterate through data as you manipulate it. Basic primitives are designed…
Justin Sun, Tron’s (TRX) founder and BitTorrent owner, has hinted at a potential RLUSD release on Tron (TRX). Meanwhile, the community is expecting the asset to go live today, Dec. 4, 2024, following highly anticipated New York regulator approval. RLUSD stablecoin by Ripple coming to Tron (TRX)? XRP army excited by Justin Sun’s tweet Ripple USD, a novel USD-pegged stablecoin by U.S. fintech giant Ripple, might be deployed to Tron (TRX). In a semi-ironic manner, Tron’s (TRX) Justin Sun hinted at the potential of such a launch on his personal X, where he has 3.7 million followers. When $XRP RLUSD…