Author: NBTC
With the incoming pro-crypto administration under Trump, the U.S. Congress is expected to prioritize crypto legislation in 2025, focusing on key issues like stablecoins and the FIT21 Act. Notably, in 2025, several cryptocurrency bills could potentially be passed in the United States – Financial Innovation and Technology for the 21st Century Act (FIT21): This bill aims to establish a clearer regulatory framework for digital assets, defining whether they are securities or commodities. The bill has already passed the House and would grant more power to the CFTC for overseeing crypto markets, particularly for digital commodities like Bitcoin. However, the passage…
While the leading cryptocurrency Bitcoin (BTC) is trying to cope with the decline it has experienced in recent days, news of delisting came from South Korea’s largest cryptocurrency exchange Upbit. Upbit announced that it will delist Bitcoin Gold (BTG) on January 23, 2025 at 05:30 UTC. “We would like to inform you that trading support for Bitcoin Gold (BTG) has ended. When trading support ends, orders (buy/sell) requested in the market before trading support ends will be canceled.” Upbit explained the reason for terminating BTG trading support as follows: “With respect to Bitcoin Gold (BTG), Upbit comprehensively addresses the disclosure…
Ethiopia’s Grand Renaissance Dam powers Bitcoin mining, generating 18% of Ethiopian Electric Power’s revenue from digital assets. Renewable energy fuels Bitcoin mining in Africa, driving economic growth and funding impactful projects like conservation in Virunga Park. Ethiopia has leveraged its enormous hydroelectric power, particularly from the Grand Ethiopian Renaissance Dam (GERD), for Bitcoin mining. Now with 18% of Ethiopian Electric Power’s (EEP) income coming from Bitcoin mining, the nation has turned its idle energy into a profitable digital asset. A stunning $1 billion has been spent on Bitcoin mining activities during the past year, more than the profits from exporting…
CLS Global, a prominent crypto market-making solution provider, has announced a new collaboration with Real Estate Metaverse. The partnership aims to join the conventional property markets and the digital asset sector. The development indicates a landmark achievement to increase accessibility with a merger of the traditional and innovative financial realms. We’re excited to announce our partnership with Real Estate Metaverse as their official market makers! 🏢@CoinLiquidity 🤝 @REMTokenAlready live on MEXC Exchange, $REM is bridging the gap between traditional property markets and digital assets.Looking forward to supporting… pic.twitter.com/DNy0G1mcMt — CLS GLOBAL (@CoinLiquidity) December 25, 2024 A seamless integration of RWA…
In the latest episode of The Milk Road Show, Charles Edwards, founder of crypto hedge fund Capriole Investments, provided an in-depth analysis of Bitcoin’s current state, its future trajectory, and the potential conclusion of the traditional 4-year Bitcoin cycle. Edwards posits that Bitcoin’s journey to $100,000 could be the catalyst for an unprecedented price acceleration. He suggests that once this psychological and technical barrier is breached, Bitcoin could potentially double in value within weeks. Drawing parallels with gold’s recent performance, Edwards stated, “If you look at gold this year, it went up 33% in 16 weeks—that’s a $3.8 trillion move…
While Ethereum is preparing to close 2024 with a lower performance compared to Bitcoin, it is preparing for its great days again in 2025. At this point, successful analyst Michael van de Poppe said that Ethereum could surpass Bitcoin in January and experience a boom in price. Poppe stated that the ETH/BTC parity, which fell to historical lows during the year, could exceed the 0.04 level, and argued that this situation could initiate an Ethereum altcoin rally. Poppe predicted that interest in Ethereum would increase in January with the start of the new year, saying that ETH would rise and…
CEO of Daiwa Securities believes Japan should allow for crypto exchange-traded funds to enter the local market. Daiwa is one of the many companies pushing for Japan to approve crypto ETFs. According to a Bloomberg report published on Dec. 24, Akihiko Ogino, Chief Executive Officer of the second largest brokerage in Japan, said in an interview that Japan should allow for crypto ETFs to “debut in the country.” At the time of writing, Daiwa itself has an index-based exchange-traded fund in the Japan market, labeled Daiwa ETF Nikkei 225. Though, Ogino did not reveal any plans for Daiwa to start…
Charles Hoskinson, the founder of Cardano, is not pleased with US exchange Gemini’s decision to snub the project while listing new memes like Chill Guy. Since at least May 2024, speculation has run high that leading crypto exchange Gemini was set to finally list Cardano (ADA). After six months, however, this speculation has failed to materialize with a recent Gemini asset listing decision driving community members to their wit’s end. Gemini Lists Chill Guy but Still No Cardano (ADA) On Monday, December 23, Gemini disclosed that it had listed Chill Guy, allowing users to now buy and sell the new…
Donald Trump’s “Made in USA” Bitcoin pledge is hitting the hard wall of blockchain reality. Back in June, the ‘crypto president’ posted on Truth Social that he wanted all remaining Bitcoin to be mined in the United States. The announcement came after a high-profile meeting at Mar-a-Lago with major U.S. crypto miners. “VOTE FOR TRUMP! Bitcoin mining may be our last line of defense against a CBDC. Biden’s hatred of Bitcoin only helps China, Russia, and the Radical Communist Left. We want all the remaining Bitcoin to be MADE IN THE USA!!! It will help us be ENERGY DOMINANT!!!” he…
Bitcoin has experienced notable whale activity since the conclusion of the US election on November 5, with an increase in the volume of Bitcoin transferred to exchanges by active whale addresses. However, contrary to what one might expect, there hasn’t been a significant surge in profit-taking activity among these large holders, a CryptoQuant analyst named onatt revealed in a recent post on the QuickTake platform. Whale Activity Suggests Market Stability but Signals Potential Risks The report by CryptoQuant analyst Onatt sheds light on this whale activity, emphasizing the lack of immediate selling pressure despite the increase in Bitcoin inflows to…