Author: NBTC

Binance expands trading limits for BFUSD users across VIP levels. In an official announcement, Binance announced the increase in the maximum position limits for Binance Futures’ unique yield-based margin asset, BFUSD. The upgrade, which will increase trading capacity and flexibility for users in VIP levels 0 through 9, goes into effect on December 17, 2024, at 15:00 (UTC+8). Traders can use BFUSD as a margin for USDT-M futures contracts and receive USDT rewards every day. With VIP 0 limits growing from 250,000 BFUSD to 400,000 BFUSD and VIP 9 limitations rising from 5,000,000 BFUSD to 8,000,000 BFUSD, the new restrictions…

Bitcoin’s Price Temperature (BPT) of 3.2 hints at potential market growth, with projections reaching $178K by 2025 if demand surges. Historical peaks in Bitcoin’s Price Temperature above 6 have coincided with major price rallies, such as in 2013 and 2017. Bitcoin’s moving averages and BPT levels together offer a clearer view of long-term trends and potential market cycles. Bitcoin’s Price Temperature (BPT) recently reached 3.2, a critical point in its market cycle. BPT, a key indicator of Bitcoin’s market heat, may signal price increases if it rises further. According to market analysis by Crypto analyst Axel on X, levels between…

Martin Shkreli, also known as Pharma Bro, has criticized Michael Saylor for implementing a bitcoin playbook for Microstrategy, stating that it cannot end well. Shkreli revealed that he was short Microstrategy, explaining that it was both fun and “a little painful.” ‘Pharma Bro’ Martin Shkreli Blasts Michael Saylor, States It Will ‘Not End Well’ for Microstrategy Martin Shkreli, known as “Pharma Bro” for his conviction linked to the healthcare industry, has called out Microstrategy’s co-founder and executive chairman Michael Saylot for his applied bitcoin playbook. Saylor pioneered the idea of purchasing bitcoin as a reserve asset for institutions. Microstrategy’s business…

Ripple’s USD stablecoin, RLUSD, officially launches today, Dec. 17, marking a major entry for the company into what may become a $2.8 trillion market in the near future. Monica Long, President of Ripple, described the launch as a milestone for both Ripple and XRP Ledger, as the stablecoin is set to play a key role in Ripple’s payments ecosystem. RLUSD builds on Ripple’s experience in the payments industry, where the company handles over $70 billion in flows annually, said Long. She noted that RLUSD is credible, useful and compliant, and it is focused on meeting the growing demand for stable…

Empower Oversight is calling on Congress to release an SEC inspector general report on former chairman Jay Clayton’s actions. A nonprofit focused on government accountability, they questioned Hinman, who served as the SEC’s Division of Corporation Finance director from 2017 to 2020. The group found documents suggesting Hinman may have violated ethics rules about conflicts of interest and sent evidence to the SEC’s Office of Inspector General in May 2022. In February 2024, the SEC’s inspector general said the investigation was almost finished. The report could support their investigation before Clayton is confirmed as U.S. Attorney for the Southern District…

Binance announced the addition of Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) to its comprehensive suite of services, including Simple Earn, Buy Crypto, Convert, Margin, Auto-Invest, and Futures. Binance Adds Simon’s Cat (1000CAT) and Pudgy Penguins (PENGU) to Futures The program will begin on December 17, 2024, and tokens will be integrated into various offerings according to the schedule outlined below. Simon’s Cat (1000CAT): Available for subscription on December 17, 2024 at 12:00 UTC via Flexible Products. Pudgy Penguins (PENGU): Available for subscription through Flexible Products on December 17, 2024 at 5:00 PM ET. Starting at 1:00 PM on December…

A Web3 enthusiast might say those very words about a blockchain smart contract. Jon Collins-Black, a lifelong fan of fantasy novels and games, has used a portion of his early Bitcoin investments, worth some $2 million at the average BTC price today, to fill five treasure chests hidden throughout the United States. Millionaire Bitcoin investor hides crypto prizes on the map The early Bitcoin-era cryptocurrency investor went to auctions to create the unique collection of loot. Moreover, he says the treasure boxes contain rare Pokémon cards, historical shipwreck artifacts, sports memorabilia, and gold and precious metals. “I was like a…

Exodus Movement, Inc., a leader in self-custodial cryptocurrency software solutions, is set to debut on the NYSE American stock exchange. The company’s Class A common stock, trading under the symbol “EXOD,” will commence trading on December 18, 2024. Until then, the stock will continue to trade on the OTCQX. The transition will mark an important moment for Exodus and its shareholders. Exodus Stock to List on NYSE after OTC Trading The company shared the news in an official announcement, which was also reinforced in a post on X (formerly Twitter). “A step forward for Exodus. A leap forward for financial…

Popular crypto tracking service Whale Alert, which traces down large cryptocurrency transfers and shares the details on its account on the X platform (formerly widely known as Twitter), has spotted an immense XRP transfer worth almost $200 million in fiat. This transfer targeted the world’s biggest centralized crypto exchange by volumes Binance and it occurred amid the fourth largest crypto XRP printed a substantial price increase of 9.33% since Monday. At the time of this writing, XRP is changing hands at $2.57. Binance hit with 69.3 million XRP transfer Data shared by the aforementioned source revealed that less than two…

Spanish crypto company BitBase is set to install its first cryptocurrency ATMs in Argentina in 2025, as digital asset adoption surges across Latin America. The company has earmarked $524,000 to support its launch, marking its first foray into the Argentine market, as per a report from Argentinian news website Mercado. This investment will finance the purchase of new crypto ATMs, the opening of physical stores, and compliance with local regulations. BitBase’s move reflects a growing trend of crypto expansion in the country as businesses and regulators increasingly embrace digital assets. BitBase to offer in-person support BitBase plans to strategically place…