Author: NBTC
Rep. Mike Johnson of Louisiana has been re-elected as House Speaker with strong support from his Republican colleagues and President-elect Donald Trump. His victory is crucial for the cryptocurrency industry, as Johnson is a key supporter of important crypto legislation like FIT21 and opposes central bank digital currencies (CBDCs). With his leadership, the House is poised to advance favorable regulations that could significantly boost Bitcoin and other digital currencies in the U.S. financial system. Rep. Mike Johnson of Louisiana has been re-elected as House Speaker. Officially, he began on the first day of the 119th Congress with a strong consensus…
Marathon Digital Holdings issued an open letter urging the United States to establish a strategic Bitcoin reserve. The open letter outlined why Bitcoin (BTC) and its mining infrastructure are vital to maintaining economic and geopolitical stability in a shifting global financial landscape. The letter highlights Bitcoin’s finite supply, its decentralized nature, and its growing importance as a store of value and medium of exchange. Marathon compared Bitcoin to gold, arguing that while gold has historically served as a reserve asset, it is becoming less effective in the digital era due to its inefficiencies in global transactions and auditing. With @SenLummis’s…
A prominent Ethereum (ETH) whale has attracted attention with a series of aggressive short positions, amassing a staggering $77.68 million in short positions against ETH. The trader’s actions, documented on-chain and spread on social media, are raising eyebrows as potential losses climb into the millions. Yesterday, the whale’s initial short position of 10,612.59 Wrapped ETH (WETH) had already made a loss, facing a volatile loss of $908,000. The undeterred trader made matters worse overnight, opening another short position of 5,000 ETH in a row. This initial upload was made via Aave, a decentralized lending platform, and the whale traded for…
Privacy-focused cryptocurrency Monero surged to over $211.07 earlier today—its highest value since May 2022. At time of publication, Monero has pulled back slightly from its local high, and is currently priced at $205.05, up 17.8% on the day and 30.6% on the week, per data from CoinGecko. Monero’s upward momentum comes as the wider privacy coin sector has heated up over the past week, with the category as a whole up over 12% in the past 24 hours alone, according to CoinGecko data. Leading the pack in weekly gains are cryptocurrencies including Haven (up 217%), Verge (up 188%%), Zcash (up…
Ripple CEO Brad Garlinghouse expresses optimism about the future of the crypto industry following the inauguration of the 119th Congress. The Ripple CEO took to X yesterday to welcome the 119th United States Congress, which he hailed as ‘the most pro-crypto Congress in history.’ His statement signals a potential shift toward a more favorable regulatory environment for the crypto industry. This speculation comes amid growing demand for a clearer regulatory framework to guarantee investors’ protection and foster innovation within the industry. The Beginning of More Positive Developments for Crypto Garlinghouse emphasized that the inauguration of the most pro-crypto Congress marks…
The fall of 2020 was an exciting time for crypto, with bitcoin — after beginning the year around $7,000 and plunging to below $4,000 during the March Covid panic — in the middle of a rollicking bull market and appearing set to push through the $20,000 milestone. Mr. Market had a different idea though and as families began to get together for the U.S. Thanksgiving holiday, a wave of selling took place. Between East Coast Wednesday morning hours and the first football game early afternoon Thursday afternoon, bitcoin plunged from roughly $19,500 to $16,200, a decline of nearly 17%. The…
Prominent blockchain tracking platform Whale Alert, which monitors large cryptocurrency transfers and shares the details on its official X account, has spotted six consecutive Ethereum transfers, each carrying slightly more than $100 million worth of ETH. All these transactions took place within a single hour, according to the on-chain data source. 168,000 ETH moved mysteriously to unknown wallets As stated above, several hours ago, Whale Alert spotted six massive cryptocurrency transactions, each carrying approximately 27,970 ETH. Each of these transactions was worth roughly between $100.5 million and $100.7 million in fiat. All of them were transferred between anonymous blockchain addresses,…
As the altcoin season gradually takes shape amid Bitcoin’s price stability around the $97K level, global interest in “altcoins” is now reaching a fever pitch. Data from Google Trends shows that searches for “altcoins” have reached the highest possible popularity score of 100 within the first four days of December. Historical Trends in “Altcoin” Popularity In November, search interest in “altcoins” initially climbed to a score of 93, then dropped to 56 mid-month. This mirrored the crypto market’s reaction to Donald Trump’s November 5 presidential victory announcement, which coincided with Bitcoin’s all-time high. Despite a temporary cooling period, altcoin-related searches…
Authorities have apprehended a Johannesburg resident for using cryptocurrency to fund terrorism. According to the Hawks, the unnamed suspect was tracked and arrested at his home. The Hawks is a special unit of the South African Police known as the Directorate for Priority Crime Investigation. It is in charge of investigating serious organized criminal offenses. According to reports, the Crime Against The State (CATS) team arrested the suspect, a 35-year-old male on Friday afternoon. He has been charged with contravening the Protection of Constitutional Democracy Against Terrorist and Related Activities Act. Hawks spokesperson Colonel Philani Nkwalase mentioned that the arrest…
BlackRock has significantly increased its stake in its own IBIT Bitcoin ETF, according to its recent portfolio disclosure filed with the U.S. Securities and Exchange Commission (SEC). Now, it holds more than $77 million worth of IBIT in its Strategic Income Opportunities Portfolio. BlackRock Increases IBIT Bitcoin ETF Holdings According to the SEC filing registered today, BlackRock revealed that the firm held 2,140,095 shares of IBIT Bitcoin ETF in its Strategic Income Opportunities Portfolio as of September 30, 2024. These shares were valued at $77.3 million, a marked rise from the 88,000 shares reported as of June 30, 2024. This…