Author: NBTC

In December 2024, Binance, the world’s leading cryptocurrency exchange by trading volume, ramped up its efforts to maintain a high-quality and secure trading environment by delisting a number of tokens. The exchange’s decisions come amid ongoing market uncertainty and regulatory pressure, signaling a more cautious approach as it prepares for the challenges of 2025. With Bitcoin’s price falling below the $100K mark, investor confidence is low, and the overall market sentiment is one of caution. For Binance, ensuring that only the most reliable tokens remain on the platform is imperative as it seeks to maintain its reputation as a secure…

Retail investors are back in full force with Bitcoin (BTC), and this time, their demand surpasses what was seen in May 2020. This surge comes as BTC eyes the elusive $100,000 mark, a price level it has struggled to reach. But is the return of retail demand enough to push Bitcoin to new heights? This on-chain analysis evaluates the potential impact. Bitcoin Now Carries Everyone Along Historically, Bitcoin’s price surged following an increase in retail demand, though whales and institutional investors have typically driven this current cycle. However, according to CryptoQuant, this trend may be shifting. Data from the 30-day…

The number of cryptocurrency investors in South Korea surged to 15.59 million as of November, a rise of 610,000 from the previous month, according to data from the Bank of Korea (BOK) released today (Wednesday). This figure represents approximately 30% of the country’s population. Additionally, the total market value of cryptocurrencies held by Korean investors reached 102.6 trillion won. Since July, the number of investors has increased steadily, with an average growth of 100,000 per month. However, following Donald Trump’s presidential election victory, market optimism pushed Bitcoin prices to record highs, driving a notable spike in new investors. The data,…

The cryptocurrency market saw a sharp downturn after the 1inch Foundation’s Multisig wallet deposited 3.2 million 1INCH tokens, valued at approximately $1.69 million, into Binance. This significant transaction coincided with a steep decline in the price of 1INCH, raising concerns about potential market manipulation or a sell-off by major holders. Before the market plummeted, #1inch Foundation Multisig wallet deposited 3.2M $1INCH($1.69M) into #Binance.https://t.co/pQrU5hnSLa pic.twitter.com/E0ED7K6Osm — Lookonchain (@lookonchain) December 10, 2024 According to Lookonchain, Seven hours before the market began its decline, the 1inch Foundation transferred 3.2 million 1INCH tokens to Binance. This transaction represents a considerable share of the foundation’s…

To talk about the future of digital payments, senior executives from the crypto and regulatory sectors convened at the Blockchain Expert conference in Tel Aviv. Experts at the event said that “all payments worldwide will be instantaneous in just a few years.” Stablecoins Lead Blockchain Transfers “Most transactions processed by Fireblocks, and blockchain in general, are predominantly in USDT and USDC,” revealed Idan Oferat, co-founder of Fireblocks, during the Stablecoin Panel at Blockchain Expert. He added that Fireblocks has processed more than $3 trillion in client transfers, of which more than 50% are stablecoins, up from 45% earlier this year.…

Bitcoin (BTC) opened December in a tight consolidation range after teasing the $100,000 psychological resistance in November. As this new month starts, Finbold looked at Bitcoin’s historical returns to provide a BTC price projection for December 31. In hindsight, Bitcoin closed November with 37.29% gains, within Finbold’s predicted price range using this same methodology. On November 2, we published the BTC price prediction targeting a monthly close between $75,275 and $100,334, while the leading cryptocurrency was trading at $69,495. Bitcoin closed November 30 at $96,451, validating the method, which we will now repeat for this month. Bitcoin historical returns in…

Six mutual funds tracking the price of bitcoin (BTC) will debut in Israel next week after the Israel Securities Authority (ISA) granted permission for the products, Calcalist reported on Wednesday. All six will start operations on the same day, Dec. 31, a condition imposed by the regulator, Calcalist said. Final approval for the funds was granted last week. The funds will be offered by Migdal Capital Markets, More, Ayalon, Phoenix Investment, Meitav and IBI, with management fees ranging from as high as 1.5% to 0.25%. One of the funds will be actively managed, trying to beat bitcon’s performance. They will…

Basketball star Scottie Pippen, who is known for winning six NBA championships with the Chicago Bulls in the 90s, has suggested that the Ripple-affiliated XRP cryptocurrency might end up a game-changer in 2025. “ETH vs. XRP… Who’s changing the game in 2025?” he asked his followers. The two cryptocurrencies used to battle for the second spot by market cap. Following its gargantuan rally, XRP has once again come closer to challenging Ethereum’s second spot. Pippen’s sudden fascination with cryptocurrencies remains a mystery. In 2022, he followed a broader celebrity trend and dabbled in non-fungible tokens (NFTs). However, earlier this year,…

Union Square Ventures has transferred 578,000 $UNI tokens to Coinbase Prime in the past nine hours, which is worth approximately $8.45 million. The action is part of a wider trend of the move of Uniswap (UNI) tokens sticking by USV previously this month, as reported by Ember Scan. On Dec. 19, the UTIMCO-backed venture capital firm transferred an additional 1.156 million UNI tokens to Coinbase Prime, which was valued at approximately $17.34 million at the average price of $15.07 per historical data. USV 在 8 小时前继续向 Coinbase Prime 转移了 57.8 万枚 $UNI ($8.45M)。USV 从 12/6 开始将 2020 年通过投资获得的 UNI 转移至…

As noted by James Check, the lead analyst for Glassnode, business intelligence firm MicroStrategy has a cost basis that is identical to that of your average Bitcoin buyer. Glassnodes’s True Market Mean (TMM) metric estimates the cost basis of all coins acquired on secondary markets. The firm claims that TMM is “one of the most accurate models available” for determining the aggregate on-chain acquisition price of the leading cryptocurrency. As reported by U.Today, MicroStrategy started the last month of the year with another stunning Bitcoin purchase, adding $1.5 billion worth of Bitcoin. The company’s average purchasing price currently stands at…