Author: NBTC
MicroStrategy’s addition to the Nasdaq 100 on December 23 is expected to drive $2.1 billion in ETF share purchases, potentially bolstering its Bitcoin holdings. Key Takeaways MicroStrategy is set to join the Nasdaq 100 Index, with an official announcement expected on December 13. MicroStrategy’s Nasdaq 100 inclusion could drive $2.1 billion in ETF share buying. MicroStrategy is expected to join the Nasdaq 100 Index on December 23, with an official announcement scheduled for this Friday, December 13. According to Bloomberg ETF analyst James Seyffart, ETFs tracking the Nasdaq 100 are expected to purchase $2.1 billion worth of MicroStrategy shares, representing…
Layer-2 network Scroll is expected to be the main focus of traders next week as it rolls out its native SCR token airdrop. Memecoins may also make a comeback after a significant rally in major crypto assets like BTC, ETH and SOL. Gaming firm Moonveil and communications platform Huddle01 will also host token sales. As the crypto market teeters back into euphoric territory following a rally to three-month highs, several investors are focusing on Scroll, a hyped layer-2 network that will release its native governance token next week. Scroll has around $1 billion in total value locked (TVL) and has…
On this day 15 years ago, 15 BTC were sold for just 1 cent, something that now seems almost unbelievable given Bitcoin’s current value. Bitcoin historian Pete Rizzo shared this fascinating tidbit of history as a fun fact on X, saying: “15 years ago today, you could buy 15 Bitcoin for 1 cent.” FUN FACT: 15 years ago today, you could buy 15 #Bitcoin for 1 cent ✨ pic.twitter.com/S3mBjM1EQk — The Bitcoin Historian (@pete_rizzo_) December 11, 2024 In late 2009, Bitcoin was still in its infancy. Launched by the mysterious Satoshi Nakamoto in January of that year, Bitcoin was a…
In a noteworthy development for DeFi, Orbs Network is integrating an advanced zkEVM solution Lumia into Liquidity Hub. As a result of Lumia’s integration, Orbs liquidity hub targets optimizing liquidity aggregation and trade execution, facilitating DeFi users with efficient and cost-effective swaps. The platform took to social media to disclose this endeavor. A new solver has joined Liquidity Hub! Welcome @BuildOnLumia, now competing to deliver some of the cheapest on-chain liquidity 🥳Lumia might fulfill your next swap on a DEX that has integrated Liquidity Hub! 🔁Learn more: https://t.co/hPAkZH4xi8 pic.twitter.com/nvRp91eLoq — Orbs (@orbs_network) December 10, 2024 Orbs Liquidity Hub Integrates Lumia…
The digital som, Kyrgyzstan’s future national virtual currency, moved closer to reality with parliamentary approval of a draft law outlining its framework. Kyrgyzstan’s Parliament has approved a draft law defining the status and legal framework for the digital som, the country’s central bank digital currency, in its first reading, Azerbaijani media outlet Trend reports. The National Bank of Kyrgyzstan, which will oversee the issuance and operation of the digital som, plans to launch prototype testing in early 2025. Following successful trials, a decision on full implementation is expected by the end of 2026, the report reads. Once adopted, the digital…
Bitcoin price has encountered strong resistance around the $100,000 level amid profit-taking by retail investors. Bitcoin (BTC), the biggest cryptocurrency, was trading at $98,900 on Dec. 11, lower than the all-time high of about $104,000. Crypto analysts believe the coin has more upside potential as demand continues to grow while supply diminishes. In a recent piece, the Wall Street Journal noted that the coin’s supply was one of the primary reasons why it will continue rising in value. Bitcoin’s supply is capped at 21 million coins, with over 19.7 million already mined, leaving only 1.3 million yet to be created.…
Plume Network, a fully integrated layer-1 modular blockchain for real-world asset finance, is partnering with Chateau Capital to tokenize illiquid assets and unlock more than $500 million in private market investments. The partnership aims to bring premium private market investments on-chain, Plume Network and Chateau Capital announced in a press release. This collaboration is expected to democratize private markets by providing new opportunities to global investors. Chateau Capital’s decentralized finance infrastructure, which bridges traditional finance and DeFi, will play a central role in the partnership. The initiative will enable investors to access institutional-grade investment opportunities through the tokenization of traditionally…
Akshay Naheta is reportedly negotiating the sale of a minority stake in his stablecoin payments startup, with plans to use the proceeds for market expansion. Akshay Naheta, the former SoftBank executive behind some of the company’s biggest deals, is reportedly in early discussions to sell a minority stake in the stablecoin payments startup he co-founded, Bloomberg has learned, citing sources close to the matter. Distributed Technologies Research, which uses blockchain to process stablecoins for cross-border payments, is said to use the funds to expand into newer markets, including the U.S., the sources say. The size of the first public fundraise…
South Korea’s largest cryptocurrency exchange Upbit announced plans to list Movement (MOVE) on December 9. Upbit to List Movement (MOVE) with KRW, BTC and USDT Trading Pairs The listing will feature trading pairs denominated in KRW, BTC, and USDT, providing users with multiple options for trading tokens. What is Movement (MOVE)? Movement is an Ethereum Layer 2 solution designed to increase scalability and transaction efficiency. It supports both MoveVM and EVM transactions, enabling faster and more cost-effective transactions while offering compatibility with the Ethereum ecosystem. Key Listing Details Start Time: December 9, 2024, 20:00 Trading Pairs: MOVE/KRW, MOVE/BTC, MOVE/USDT Features:…
Travala, a cryptocurrency-based travel booking platform, has announced a new “Treasury Reserve Plan” after surpassing $100 million in annual gross revenue. The plan will see the company hold reserves in Bitcoin (BTC) and its native AVA token to strengthen its financial foundation and support future growth, according to a company release. Travala integrates blockchain technology to offer travel bookings paid with cryptocurrencies and traditional currencies. To expand its reach, the company has partnered with travel metasearch engines like Skyscanner and KAYAK. Travala’s growth coincides with record highs in the crypto market and increased demand for blockchain-powered travel solutions. You might…