Author: NBTC
Crypto trading volumes across centralized exchanges reached $18.83 trillion in 2024, according to a new CoinGecko report. The study examined the annual cumulative spot trading volume of the leading centralized crypto exchanges from January 2020 through December 2024, revealing shifts in market share and trading activity over the period. Per CoinGecko, Binance accounted for 39.0% of the volume with $7.35 trillion in transactions, while Bybit and Crypto.com recorded $1.75 trillion and $1.29 trillion in trading volume, representing market shares of 9.3% and 6.8%, respectively. The report highlights that, despite a 134.0% increase from 2023’s $8.05 trillion, 2024’s total remains below…
There’s a strong case to be made for claiming that Bitcoin is the “most reliable monetary system,” according to Riot Platforms executive Pierre Rochard. In a Jan. 5 tweet, Rochard, vice president of research at the crypto mining firm, claimed that “Bitcoin is engineered to be the most reliable monetary system in the world for savings and payments.” His statement is backed by Bitcoin’s uptime of almost 99.99% since its launch on Jan. 3, 2009. So far, Bitcoin has reported only two downtime events: One in 2010 and one in 2013. In 2010, Bitcoin went down due to the “value…
Ethereum (ETH) appears to be on the verge of a significant breakout, with its current market structure closely mirroring the 2020-2021 cycle. As similar patterns emerge, analysts suggest that Ethereum’s breakout to $10,000 is programmed for this cycle, signaling a potential turning point for the second-largest cryptocurrency by market capitalization. Ethereum’s market structure points to a breakout An analysis by TedPillows highlights Ethereum’s recent capitulation candle, which mirrors the sharp downturn seen in March 2020. At that time, ETH faced a major downturn, leading many to believe the asset’s bullish trajectory was over—only for it to rebound and enter a…
Mastercard has just published a fascinating article on its official website titled “What to Expect in Crypto in 2025.” This bold move highlights how deeply traditional financial giants are diving into the future of crypto, signaling growing interest and adoption across the industry. So, what does Mastercard foresee for the crypto world? Here are the key takeaways that every mastercard crypto enthusiast should know. 1. Stablecoins and Tokenized Deposits Will Coexist Mastercard predicts that both stablecoins and tokenized deposits will thrive side by side. Stablecoins, pegged 1-to-1 with fiat currencies, are already making waves in remittances and B2B payments. On…
U.S. Dollar Tether (USDT), the largest stablecoin, sees its Tron-based version outpacing Ethereum’s. Transaction count data says that TRC-20 USDT might be up to 10x as popular as its ERC-20 rival. Tron (TRX) processes almost 10x more USDT transfers than Ethereum (ETH) For over 40 months in a row, the Tron-based version of the largest stablecoin, USDT, has been outpacing the Ethereum-based one. In recent weeks, TRC-20 USDT dominance hit a massive milestone as it became 900% more popular than its analogue. USDT on TRON Outpaces Ethereum Since 2021“USDT on TRC-20 reached a significant milestone, with total token transfers amounting…
Binance has seen increased usage of USDC, as traders now prefer the regulated stablecoin. The shift in stablecoin usage also underscored the rise of Base and Solana, where USDC is actively minted. Binance became the largest market for USDC, achieving weekly volumes of over $24B in January. The exchange drew in over 49% of centralized trades for USDC. After the latest surge in USDC trading, Binance returned to its activity levels from 2022. Binance itself posted peak trading activity following a record bull market in 2024 and is completing its shift from other stablecoins, including BUSD and FDUSD. USDC activity…
The publicly listed Wall Street Bitcoin (BTC) miner HIVE Digital Technologies (NASDAQ: HIVE) reported fourth-quarter revenue of $29.2 million and adjusted EBITDA of $17.3 million. While the numbers are slightly lower than in the same period a year ago, the company significantly expanded its Bitcoin holdings to 2,805 tokens valued at $260.8 million. The cryptocurrency mining company posted a net income of $1.3 million for the quarter ended December 31, 2024, marking an improvement from a $7.0 million loss in the same period last year. The company’s digital currency mining operations generated $26.7 million in revenue, while its growing high-performance…
Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision. Bitcoin is up 4.05% today against the US Dollar Bitcoin is currently trading 5.91% below our prediction on Jan 11, 2025 Bitcoin gained 2.78% in the last month and is up 130.10% since 1 year ago BTC price is expected to rise by 9.18% in…
A new study from the University of Georgia (UGA) has found that social media users are more likely to invest in crypto. The research concluded that engagement on platforms like YouTube, Reddit, and X increases the likelihood of investing in digital currencies. Social Media’s Influence on Crypto Investments The UGA review found that approximately half of social media users surveyed had invested in crypto, compared to just 10% of those who do not use social networks. Furthermore, it concluded that the more platforms an individual engaged with, the more likely they were to invest in the asset class. Those on…
Phoenix Group reported $107 million in Bitcoin mining revenue for 2024, more than a 230% jump from 2023. Cryptocurrency miner Phoenix Group saw its mining revenue surge 236% in 2024, reaching $107 million as it expanded operations and navigated industry challenges, the firm said. In a Feb. 12 press release, the Abu Dhabi-based firm reported $32 million in 2023 and $5.4 million in 2022, reflecting a 1,852% increase over two years. The firm’s total revenue reached $206 million, with a net profit of $167 million and comprehensive income of $219 million. Phoenix’s chief executive officer Munaf Ali says the results…