Author: NBTC
Just hours after the U.S. election results were announced, I received messages from friends filled with striking assumptions. Some congratulated me, mockingly saying, “Congrats, your side won for Bitcoin.” Others expressed disapproval with remarks like, “It’s pathetic!” and “I’m shocked that Americans just voted for Hitler.” One friend said, “You were lucky to find safety in the U.S. as a refugee under Biden’s administration. Refugees and asylum seekers will now face a harder time here, but, hey, it’s still good for your Bitcoin.” Many of these friends work in high-level corporate jobs or are university students. As a Green Card…
Tether CEO Paolo Ardoino reveals some of the stablecoin firm’s recent investments in a variety of sectors, ranging from Bitcoin mining, TradFi to payments for commodity trades. During ann interview at the Emergence Conference in Prague on Dec. 5, Paolo Ardoino stated that Tether (USDT) has made more than $13 billion in profits. Tether currently has more than $135 billion in market cap and more than $6 billion in additional excess equity. Those funds are used to expand on Tether’s ever-growing stablecoin investment portfolio. “When the stable coin and the rest has been invested outside the preservers as a separate…
Throughout the years, Russia has been sending conflicting signals over its relationships with cryptocurrencies. Lately, the Kremlin seemingly started to embrace crypto. Is this actually the case? Table of Contents Early crypto regulations in Russia The reason behind the Crypto Thaw Bitcoin mining, dollar undermining Final thoughts Early crypto regulations in Russia Until the 2020s, cryptocurrency in Russia had effectively existed in a gray zone. In July 2020, President Vladimir Putin signed a digital finance asset (DFA) regulation that allowed crypto transactions while prohibiting residents from using crypto as a means of payment. DFAs can be used by the banks…
Bitcoin consistently captures headlines, and over the years, November 28 has emerged as a pivotal date in its history. On this day in 2013 and 2017, Bitcoin surged to new ATHs, sparking global interest and investor enthusiasm. As we approach November 28, 2024, the question arises: Can Bitcoin replicate its past performance and soar beyond $100,000? A Look Back: November 28, 2013, and 2017 November 28, 2013: Bitcoin celebrated its first ATH by surpassing $1,000. This milestone was the result of a rapid ascent fueled by growing awareness, increased adoption, and excitement surrounding the disruptive potential of Bitcoin. At the…
DWF Labs is introducing AI trading agents that could change the way crypto markets operate. These agents, built for autonomous portfolio management, aim for greater precision and better efficiency to market-making. Co-founder Andrei Grachev called the technology a major step forward for crypto trading, combining innovation with practicality. AI Trading Agents @DWFLabs is finalizing development of pioneering AI trading agents that are able to successfully manage portfolios completely autonomously. These AI agents are already in the process of integration into the workflows of our trading system — Andrei Grachev (@ag_dwf) December 31, 2024 At present, the AI agents are being…
Shiba Inu lead developer Shytoshi Kusama has publicly addressed the growing controversy surrounding the Hawk Tuah (HAWK) meme coin after its disastrous launch. In a series of tweets, Kusama detailed his interactions with the Hawk Tuah team and cleared up confusion regarding his involvement with the project. He explained his reasons for rejecting their proposals and distancing himself from the token’s controversial launch. No Partnership, No Endorsement Kusama revealed that the Hawk Tuah team approached him months ago to become a Key Opinion Leader (KOL) or influencer for the project. However, he declined the offer, stating that he had more…
Celsius Network filed a notice of appeal on Dec. 31, contesting Judge John Dorsey’s decision to disallow the bankrupt crypto lender’s $2 billion disparagement claim against defunct crypto exchange FTX. The appeal, now slated for review in the District Court, marks the latest development in the ongoing legal confrontation between the two embattled crypto firms. Allegations of disparagement The appeal stems from Celsius’ assertions that defamatory statements made by FTX executives, employees, and affiliates negatively impacted the company’s reputation and financial health, allegedly accelerating its bankruptcy in July 2022. Celsius contended that FTX’s public comments reduced confidence in its services,…
Publicly listed Wall Street Bitcoin (BTC) miner Bitfarms (NASDAQ: BITF) ended 2024 with increased mining hashrate and USD revenues, despite a 41% drop in production compared to the previous year. Bitfarms Doubles Hashrate, Signals Major U.S. Market Push The Bitcoin mining operator reported a 97% year-over-year increase in hashrate to 12.8 EH/s and a 40% improvement in efficiency to 21 watts per terahash. Despite these gains, the company mined 211 Bitcoin in December, down from 446 in the same month last year, reflecting increased network difficulty and competitive pressures in the mining sector. The result was among the weaker ones…
Long-term Bitcoin (BTC) holders have started taking profits since the cryptocurrency price attempted to reach $100,000. As a result, Bitcoin’s price has retraced to $93,000, affecting the value of the broader crypto market capitalization. Is Bitcoin’s price rebounding? Short-term investors may want to know as this on-chain analysis examines the chances. Activity Around Bitcoin Drops, Holders Book Gains According to CryptoQuant, Bitcoin’s long-term profit output ratio has surged to 2.86. This ratio measures the activity of long-term investors who have held the coin for more than 155 days. When the ratio is over 1, it means that these long-term Bitcoin…
If there’s one thing ParaFi wants you to know, it’s that it’s not like other venture capital firms. ParaFi Technologies, the tech infrastructure arm, helps make it stand out against the rest of the pack. “In a simple sense, we’re an investment and technology firm,” ParaFi partner Kevin Yedid-Botton told me. “We really view ourselves as a public utility provider to the blockchain ecosystem.” “From a purely business perspective, our revenue is diversified. We’re not dependent on a single stream of revenue from a single fund. We have our quant fund, we have our venture fund, we have our token…