Author: NBTC
Binance, the world’s largest crypto exchange, has exceeded 240 million users globally, according to a Nov. 22 statement shared with CryptoSlate. This number means that the crypto trading platform has added 70 million new users this year, considering it finished 2023 with 170 million users. So, if Binance were a nation, its population would rank sixth globally, surpassing Brazil, Nigeria, and Russia. Binance CEO Richard Teng revealed that this growth stems from retail and institutional adoption. He noted that the exchange has seen a sharp rise in institutional onboarding, doubling rates in the past year. He stated that Binance now…
Crypto analyst EGRAG spotlights Bitcoin four-year cycle, predicting massive price movements that could lead to the market top next year. Bitcoin, the largest cryptocurrency by market cap, recently dipped to a multi-day low of $66,500, marking a 0.57% decline in 24 hours. However, it rebounded to $66,887.72, showing resilience and reflecting a 1.67% gain over the past week. The price fluctuations have prompted notable crypto analysts to weigh in on Bitcoin’s potential trajectory over the coming years, with many discussing the implications of the four-year cycle. Egrag’s Bitcoin Prediction Analyst Egrag Crypto recently noted the importance of Bitcoin’s four-year cycle…
As of now, two heavyweight block producers are in charge of 95% of all Ethereum (ETH) blocks. This opens a path for potential transaction censorship opportunities associated with advanced MEV strategies. EIP 7805, an upcoming Ethereum (ETH) upgrade, might save the second largest blockchain from this, Jarrod Watts of Abstract Chain says. EIP 7805 to protect Ethereum (ETH) from transaction censorship: DevRel opinion Right now, Ethereum (ETH), the second-largest blockchain, might be vulnerable to transaction censorship. It became possible thanks to dramatic centralization of block production, with 95% of blocks controlled by two entities. FOCIL: Fork-choice Enforced Inclusion Lists, a…
Japan’s Yomiuri Shimbun reported Saturday that the Financial Services Agency (FSA) is holding closed talks with “experts” about cracking down on Bitcoin and crypto in Japan. Some residents are bullish on the news, as they hope for tax relief via potential legal amendments. Their hopes and skyrocketing centralized adoption in Japan hinge, in part, on the buzz that followed Trump’s re-election in the United States. Japan’s Yomiuri Shimbun reported early Saturday (JST) that the country’s financial regulator may be moving to crack down on crypto. In view of reining in unregistered peer-to-peer use (ironically, the whole point of Bitcoin in…
Shiba Inu (SHIB) is at an inflection point, a trend that aligns with the broader altcoin ecosystem, most of which are paring off the gains accrued recently. For Shiba Inu, the 24-hour price comes in at $0.00001859 amid a marginal loss worth 0.38%. In all of these losses, there is sheer confidence that the meme coin might stay resilient in the short-to-mid term. Real Shiba Inu sell wall According to data from crypto analytics platform IntoTheBlock, Shiba Inu has formed a major sell wall or resistance level in the $0.00002 to $0.000024 price range. At this price point, 88.98 trillion…
Teresa Goody Guillen, the potential next Securities and Exchange Commission Chair has highlighted the major changes coming into the agency under Trump’s presidency. Guillen shared her enthusiasm for making “SEC great again!” and “crypto great again!” on her X post, while sharing the press release about Gary Gensler’s departure from the position. She says that “SEC must restore trust, engage with industry, and end regulation by enforcement” while chanting Trump’s popular slogan. Furthermore, she pointed towards SEC’s reformation towards protecting investors and staging America as a prominent country on the world’s financial front. “It’s time to knockdown needless obstacles, remove…
Deribit will integrate Ethena’s USDe as collateral by January 2025. USDe’s decentralized model uses derivatives, unlocking new structured products. Ethena’s governance token ENA token hit an intraday high of $0.63 on the integration news. In a groundbreaking move for the cryptocurrency derivatives market, Deribit, one of the world’s largest crypto derivatives exchanges, has revealed plans to integrate Ethena’s synthetic dollar, USDe, into its cross-collateral pool. This integration, set to launch in early January 2025, is contingent upon receiving regulatory approval. USDe’s integration into Deribit Exchange Ethena’s USDe, a synthetic stablecoin pegged to the US dollar, offers unique decentralized backing through…
U.S. Bitcoin exchange-traded funds have captured institutional demand after legacy firms initially expressed skepticism toward Wall Street’s new crypto asset class. American institutions have acquired $13 billion worth of spot Bitcoin (BTC) ETF shares since trading opened in January, CryptoQuant CEO Ki Young Ju said on Oct. 22 via X. Citing Form 13F filings, a quarterly document wealth managers use to disclose U.S. equity holdings, Young Ju noted that 1,179 institutions have amassed 193,064 BTC in 10 months. Institutional ownership of U.S. #Bitcoin Spot ETFs is around 20%, with asset managers holding 193K BTC (per Form 13F filings). pic.twitter.com/9YTOEH3G5w —…
A cryptocurrency trading expert has identified Ethereum’s (ETH) latest price surge as a key signal for the start of a new bull market, potentially propelling the asset to as high as $8,000 in the coming months. This momentum follows Ethereum’s breakout from a prolonged consolidation phase, which has signaled robust bullish sentiment as the asset edges closer to key resistance levels and the possibility of a new all-time high. Technical indicators point to a bullish breakout Alan Santana, a prominent cryptocurrency analyst, highlighted that Ethereum’s price rebound is largely anchored by the 200-day moving average (MA200), a critical long-term support…
President-elect Donald Trump has nominated Howard Lutnick, CEO of Cantor Fitzgerald, to be the next Secretary of Commerce. Lutnick, a Wall Street figure and a vocal supporter of Trump, is expected to play a key role in shaping the administration’s economic agenda. He was also part of Trump’s transition team and is well-known for leading Cantor Fitzgerald, a company he steered through the aftermath of the 9/11 attacks. Now, in a major development and as reported by WSJ, Cantor Fitzgerald, under Lutnick’s leadership, has acquired a 5% stake in Tether, the world’s largest stablecoin issuer, valued at approximately $600 million.…