Author: NBTC
Bitcoin has recently reached an all-time high (ATH) of $99,595, fueling optimism that the $100,000 mark is within reach. However, volatility has kept Bitcoin from breaching this psychological barrier. Despite this, Bitcoin ETFs have seen record inflows, suggesting that a push toward $100,000 is imminent, with institutional support playing a crucial role. Bitcoin ETFs Are Driving the Rally In November, Bitcoin ETFs recorded $6.1 billion in inflows, the highest monthly influx since the launch of spot Bitcoin ETFs in January. This surge indicates that investors are becoming more comfortable with the asset, preferring the security of regulated ETFs over direct…
Analytics X account @spotonchain has revealed that earlier today, a whale purchased almost 150 billion Shiba Inu meme coins. This whale decided to return to SHIB as an investment tool after they had earned an impressive amount of dollars on it earlier this year. However, apart from SHIB, this mysterious whale grabbed several hundred billion PEPE and half a million NEIRO. Whale goes on huge meme coin buying spree Spotonchain has revealed that the aforementioned whale spent $12.8 million worth of DAI stablecoins to make a huge crypto acquisition: 114.5 billion SHIB worth almost $4 million; 326.3 billion PEPE valued…
Cryptocurrencies are becoming increasingly integrated into the modern financial reality, and like any other asset, they are subject to taxes. As a relatively new and rapidly growing asset class, cryptocurrencies attract increasing interest from investors and governments. As the global economy adapts to this digital innovation, countries take different cryptocurrency regulation and taxation approaches. How do cryptocurrency tax policies work around the world? Table of Contents Which countries require you to pay taxes on cryptocurrencies? Why do some countries not have to pay taxes on cryptocurrencies? Countries where cryptocurrencies are banned Why do some countries not pay taxes on cryptocurrency?…
Amid the exciting turn of events in the crypto space, Unmarshal, an advanced AI-powered blockchain data infrastructure, has announced its strategic partnership with Ispolink. It marks a new era of innovation at the horizon of AI-driven talent matchmaking and multi-chain data solutions. Ispolink transforms the connection of talents with companies in DeFi, Blockchain, and the sector of gaming. 📢 Partnership Announcement 📢We’re thrilled to announce our partnership with @ispolink !Together, we’re pushing the boundaries of Web3 innovation, combining Unmarshal’s multi-chain data expertise with Ispolink’s AI-driven hiring and immersive ecosystem. 🧵⤵️ pic.twitter.com/ZaF6afugkO — Unmarshal 2.0 | Mainnet⌛️ (@UnmarshalAI) December 24, 2024…
Bitcoin has started a fresh decline, approaching the crucial $93,257 support level that has proven to be a battleground for bulls lately. Thus, the question remains whether buyers can regain control and defend this level once more. As uncertainty looms, all eyes are on this critical zone, which could determine whether Bitcoin bounces back or faces a deeper downward trajectory. With market volatility increasing, this article aims to delve into BTC’s renewed drop toward the $93,257 support level, assessing the likelihood of a bullish defense at this critical point. It examines technical patterns, market sentiment, and key levels to better…
Circle, a peer-to-peer payments technology firm and issuer of the USDC crypto stablecoin, has unveiled its upgraded Coss-Chain Transfer Protocol, CCTP V2. With the new improvement, Circle addresses the issues of liquidity fragmentation and poor user experiences limiting USDC transfers. Chainlink CCTP V2 Upgrade, Key Features to Watch In an X post, Circle highlighted that introducing CCTP V2 will revolutionize the future of cross-chain transactions. According to the announcement, Circle plans to launch CCTP V2 on the Ethereum mainnet, Base, and Avalanche in early 2025. The new version will allow for faster-than-finality cross-chain USDC transfers across different blockchains. https://twitter.com/circle/status/1866121331239969152 With…
In a very genial nod to Bitcoin, Cramer asked about the new administration’s plans for crypto and, in his question, drew a comparison to the U.S. strategic petroleum reserve. Will the White House push for something like that? “Yeah, I think so,” Trump answered. But the rest of his answer really showed an understanding of the cryptocurrency sector’s importance to the global economy in terms of first principles. That may be the influence of tech engineer and government efficiency advisor Elon Musk, who is famous for saying, “I think it’s important to reason from first principles rather than by analogy.”…
According to on-chain data, BlackRock’s iShares Bitcoin Trust (IBIT) now holds over 500,000 BTC. This positions BlackRock as the third-largest Bitcoin holder globally, trailing only Bitcoin’s pseudonymous creator, Satoshi Nakamoto, and crypto exchange giant Binance. With holdings worth approximately $48 billion, BlackRock’s influence in the crypto market is expanding fast. BlackRock’s Aggressive Bitcoin Accumulation In just 233 trading days since the launch of IBIT, BlackRock has acquired 2.38% of all Bitcoin that will ever exist. This traction reflects its confidence in Bitcoin as a financial asset. Its series of purchases reflects this momentum, with total BlackRock Bitcoin holdings reaching 500,380…
The latest weekly report from Xinmin highlights the collaboration established in 2021 between Renji Hospital and VeChain to develop the “MyBaby” smart care medical project. Renji Hospital is recognized as a leader in the medical blockchain sector and joined the Digital Carbon Ecosystem initiated by DNV and VeChain in 2019. Xinmin Weekly, a magazine published in Shanghai China, has just featured VeChain’s ‘MyBaby’ IVF application as part of its “smart Hospital’ use cases in China. The Mybaby Project was launched back in 2021, when Vechain, the smart contract blockchain offering software solutions for businesses collaborated with Renji Hospital an affiliate…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. As we approach what will undoubtedly be a new era for federal crypto regulation, this state watchdog head has some advice for companies: Start engaging now. “Never surprise your regulator,” New York Department of Financial Services Superintendent Adrienne Harris said at the Blockchain Association Policy Summit earlier this month. “We are by nature risk-adverse people,” she added. “We don’t like to be surprised, so come in and talk to us proactively.” Waiting until there is already an enforcement action underway to meet with regulators is a…