Author: NBTC
This year’s halving — the quadrennial slashing of the amount of new bitcoin (BTC) entering into circulation — may be the most important since the first one around 12 years ago. And yet, despite intense interest in the event, its price impact may be more muted this year than previous halvings. Recently launched protocols, like Ordinals, and an increasingly robust mining sector, mean the effect could be relatively soft. This article is part of CoinDesk’s “Future of Bitcoin” package. The Bitcoin halving, expected to take place late Friday night or early Saturday (April 20), comes with heightened expectations. In each…
A new niche spawned among meme coin traders recently: country coins. In anticipation of the Olympic Games set to happen in Paris in July, investors are betting that the event will boost the prices of different tokens with the names of countries. A dashboard created by the X user identified as The Nouner is tracking 47 different country coins, which registered a trading volume of almost $18 million in the last 24 hours, and have a shared total market cap of nearly $110 million. American Coin (USA) is close to $83 million valuation, which is the largest market cap of…
Yesterday, the US Senate voted in favor of H.J.Res. 109, a bill aiming to repeal Staff Accounting Bulletin No. 121 (SAB 121) issued by the US Securities and Exchange Commission (SEC). This development is seen as potentially beneficial for the crypto industry’s future growth. However, the bill now faces a veto threat from President Biden. What happens if President Biden vetoes the bill? The good thing is that the bill could still become law without the President’s signature. Should Biden choose not to sign H.J.Res. 109, it will be returned to Congress along with his reasons for disapproval. Congress then…
In a groundbreaking move set to revolutionize the US crypto market, Crypto.com has introduced instant card top-ups for its Fiat Wallet. This eagerly anticipated feature empowers users to seamlessly fund their Fiat Wallet using US bank-issued debit cards, marking a significant milestone in the accessibility and convenience of cryptocurrency trading. The announcement comes as a boon for crypto enthusiasts and traders, addressing a longstanding need for swift and hassle-free funding options. With instant card top-ups, users can now transfer funds from their debit cards anytime, anywhere, unlocking a new level of efficiency and flexibility in their crypto transactions. Gone are…
The Bitcoin DeFi ecosystem displayed a stellar growth in 2024, and Mark Hendrickson believes this sector is here to stay. The post ‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi appeared first on Crypto Briefing. Trust Machines’ member Mark Hendrickson discuss how BTCfi will still be a thing after the bull run. ‘Bitcoin has as many functionalities as other blockchains’: Trust Machines member weights in Bitcoin DeFi Bitcoin’s decentralized ecosystem (BTCfi) surpassed $1 billion in 2024 in total value locked (TVL), with a 285% year-to-date growth. This movement was expected by blockchain industry…
A dozen Democrats defied party position to support a pro-crypto motion on Thursday during a joint session between the U.S. Senate and the House of Representatives. The identified democrats who acted against the party’s position include Senate Majority Leader Chuck Schumer (D), Sens. Kirsten Gillibrand (D), Gary Peters (D), Bob Casey (D), Jacky Rosen (D), Jon Tester (D), John Hickenlooper (D), Mark Kelly (D), Cory Booker (D), Ben Ray Luján (D), Ron Wyden (D), and Michael Bennet (D). According to reports, the Senators joined the House of Representatives in repealing a controversial directive from the U.S. Securities and Exchange Commission…
The Robinhood stock trading platform saw $5 billion in equities trading volume yesterday, according to the company’s CEO. Vlad Tenev tweeted that it was “one of our biggest days in the past 12 months,” and acknowledged that the app had to be taken offline for two hours to adjust for such high trading volumes. “We’re going to be upgrading some of our systems tonight to make sure we’re prepared for even higher load,” he said late Tuesday. The most recent monthly metrics from Robinhood show $84.7 billion in equity trading volume for the entire month of March, averaging out to…
Bitcoin has been moving lower ahead of the Halving event, going against analysts’ expectations. This price action has been unexpected and shows how the coin tends to go against predictions, basically charting its path. Bitcoin Breaking The Mold In light of Bitcoin’s randomness, especially in the past few months following the approval of spot exchange-traded funds (ETFs), one analyst expects the coin to continue defying expectations by clocking in a bull run that defies historical trends. The analyst cites two recent instances where Bitcoin defied expectations to justify this bullish outlook. First, following the rapid expansion in the 2020 to…
DWF Labs, one of the newest and most controversial market maker companies in the cryptocurrency world, dumped an altcoin on the Bybit exchange, according to onchain data. According to the development detected by data provider Spot On Chain, DWF Labs recently moved 10 million Velo (VELO) tokens to Bybit. This amount of Velo corresponds to approximately 205 thousand dollars. Although the amount is small compared to whale transactions, it is notable considering the company’s previous transactions and the Velo tokens it still holds. Additionally, Velo is a small-cap altcoin with a market cap of approximately $150 million. According to data,…
A wide swath of the crypto industry signed a letter to the top lawmakers in the U.S. House of Represenatives, explaining why they should get behind the Financial Innovation and Technology for the 21st Century Act. As House lawmakers are poised for a floor vote next week on the bill, the letter says passage would help the U.S. keep up with global competitors. The U.S. House of Representatives is on the verge of a vote that will represent the closest the cryptocurrency industry has ever been toward finally winning regulation in the U.S., and the sector’s associations and top businesses…