Author: NBTC
OKX’s 26th proof of reserves report shows distinct changes in user asset holdings as of December 13, 2024. The exchange reported 130,936 BTC in user assets, an 8,992 BTC reduction from November’s numbers. In contrast, Ethereum holdings grew by 85,265 to reach 1.765 million ETH. However, USDT balances increased by 1.91 billion to 8.56 billion, representing a 28.79% monthly gain. The latest data confirms full backing across all assets, with the exchange maintaining a 105% Bitcoin reserve ratio. This means for every 100 BTC in user deposits, OKX holds 105 BTC in its wallets. The report provides a complete breakdown…
PoP Planet, a cutting-edge Web3 platform, has announced its latest collaboration with key players like Stability World AI, M3DAO, Tox, and CrossFi. The collaboration focuses on advancing Web3 and decentralized finance (DeFi) with exclusive opportunities for consumers within the blockchain ecosystem. The partnership will permit PoP to use the efficient features of the collaborating platforms to deliver cost-effective and seamless transfers. 🚀 Partnership Announcement 🚀We’re thrilled to announce our collaboration with @crossfichain, @SocialTox, @M3DAO_global and @StabilityW_AI ! 🌊⭐ @crossfichain is developed for the evolution trend of the blockchain, to achieve a lightweight, EVM compatible, higher… pic.twitter.com/GLZfZ1KXZ7 — PoP Planet |…
Bitcoin (BTC) has faced a slight setback in its recent upward trajectory, struggling to rally to the highly anticipated $100,000 price mark. The cryptocurrency has been consolidating below this mark for the past few days, leaving investors speculating about its near-term price movement. However, a number of prominent crypto analysts remain optimistic about Bitcoin’s prospects in December. This analysis explores some of their forecasts. Bitcoin May Climb Above $100,000, Analysts Say According to Juan Pellicer, a Senior Researcher at IntoTheBlock, December will be bullish for Bitcoin. This bullish bias will be propelled by “unprecedented institutional demand through Bitcoin ETF inflows,”…
Earlier this month, Pudgy Penguins came within striking distance of dethroning CryptoPunks as the most expensive NFT collection in the world. It’d been a long, long time since any other brand had come close to accomplishing that feat, and Pudgy had wind in its sails: Riding momentum from an upcoming token airdrop, the collection soared to unbelievable highs, exploding from a floor price of $19,000 at the start of November to more than $138,000 by mid-December. It looked like the flip might happen. Then the PENGU token airdrop went live and—in typical crypto fashion—Pudgy Penguins collapsed in value by over…
Cryptocurrencies, including stablecoins, pose significant risks to financial stability, according to the Reserve Bank of India. Reiterating its long-held anti-crypto stance, the RBI highlighted the various risks involved with digital assets in its Dec. 30 Financial Stability Report for 2024. While crypto adoption flourished at the grassroots level in India this year, the RBI raised a red flag, warning that unchecked use of digital assets, including stablecoins, could loosen monetary reins, open backdoors for capital flight, and “divert resources available for financing the real economy.” According to the regulator, while the crypto market in India “remains small,” the narrowing gap…
Shibarium, the official blockchain of the Shiba Inu ecosystem, has achieved two incredible milestones in terms of number of wallets and total transactions. The popular Layer-2 blockchain has continued to attract the attention of the broader crypto community with its streaks of achievements. Fresh data from Shibariumscan shows that the network has surpassed 600 million transactions and reached a milestone of over 2 million wallets. The past month has been marked by increased user activity on Shibarium as users flock to the L2 blockchain to interact with different DeFi protocols. Number of Wallets Cross 2 Million As a result, the…
Uquid, a prominent platform offering infrastructure for Web3 shopping, has announced an exclusive development concerning blockchain support. According to Uquid, it now supports up to 11 blockchains, streamlining crypto payments for the web3 shopping around the globe. 🌐 Uquid Supports 11 Blockchains for Limitless Shopping!From Bitcoin, Ethereum, and Solana, TRON, TON and more, we empower users with seamless, flexible crypto payments.Why? Because your shopping experience should match your crypto journey! Fast, secure, and inclusive. Start… pic.twitter.com/AmpeAJ2ZUJ — UQUID – Web3 Shopping Infrastructure (@uquidcard) December 29, 2024 With this development, the platform offers a seamless shopping experience. Additionally, this permits it…
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows so far in November, bolstered by Bitcoin’s surge toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, Bloomberg reports. The inflows coming to such ETFs issuers as BlackRock and Fidelity, are set to surpass the previous record of $6 billion achieved in February, the report reads, noting that Bitcoin is nearing the $100,000 milestone. The capital influx comes after Trump pledged…
Bitcoin has come a long way since launching in 2009 as a fairly obscure form of digital cash. The project would go relatively unnoticed by the general public for several years, gaining popularity in 2013 and skyrocketing to become the largest asset class in the world. In fact, while Bitcoin was the first-ever cryptocurrency, its invention prompted thousands of new cryptocurrencies to follow suit, with complex use cases, expansive derivative markets, and a growing list of features added on. Bitcoin developers have also continued to innovate on the project, with the biggest update in recent years being Bitcoin Ordinals, which…
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)It’s been a tough month for MicroStrategy (MSTR), the software developer turned bitcoin (BTC) accumulator. Its stock has tumbled almost 50% since November, when it joined the Nasdaq 100 index and peaked at a 600% gain since the start of the year. That still leaves the Tysons Corner, Virginia-based company a whopping 342% ahead in 2024, the biggest return among the highest-profile crypto-linked assets in traditional finance (TradFi). It’s been a volatile year, packed with geopolitical and technological developments to rattle financial markets. The continuing wars in eastern Europe…