Author: NBTC
SpaceX CEO Elon Musk and entrepreneur Vivek Ramaswamy will helm a new U.S. government initiative aimed at lowering the federal budget deficit. Called the Department of Government Efficiency (DOGE), the initiative—which has an acronym identical to the ticker of Musk’s favorite cryptocurrency, Dogecoin—will “slash excess regulations, cut wasteful expenditures, and restructure Federal Agencies,” according to President-elect Donald Trump. However, some details about the project remain unclear. Here’s everything we know so far about DOGE. What is DOGE? DOGE is an upcoming U.S. government initiative that Elon Musk first tweeted about in August. While the project initially appeared to be a…
Binance has announced the third project in its Megadrop series featuring Solv Protocol (SOLV), a Bitcoin staking platform focused on building a Bitcoin-centric financial ecosystem. Solv Protocol (SOLV) Megadrop Launched on Binance Starting from 07-01-2025 03:00, users can participate in the SOLV Megadrop by subscribing to BNB Locked Products or completing Web3 Tasks. Basic Details of SOLV Megadrop Participation Period: 07-01-2025 03:00 – 17-01-2025 02:59:59 BNB Locked Products: Participants can maximize their Locked BNB Points by locking BNB before the event starts. Binance will take hourly snapshots of subscription amounts throughout the Megadrop period to determine rewards. Web3 Tasks: Users…
BEVM has announced a strategic partnership with UTXO Stack to resolve scalability issues, improve processing time, and decrease costs in the Bitcoin ecosystem. BEVM is a scaling solution that assists in transforming the Bitcoin protocol into a platform for developing dApps, like the way Ethereum functions. It allows Ethereum dApps to run on the Bitcoin chain. On the other hand, UTXO Stack is a rollup that enables asset transfers between protocols, supports multiple layer 2 solutions, and develops more efficiency in the Bitcoin protocol. 🤝Partnership Announcement with @utxostack!🤝UTXO Stack, a decentralized liquidity staking layer for hybrid lightning network, preparing an…
Bitcoin’s historic rally toward $100,000 has hit a roadblock, with the price falling below $95,000 today, sparking debates over the strength of the current bull market. The decline comes amid intensified profit-taking by long-term holders, who have sold over 461,000 BTC since the latest all-time high over $99,000, according to a recent report by Bitfinex. According to CoinGlass data, the market experienced over $430 million in liquidations within the last 24 hours, further highlighting the heightened volatility. Eugene Ng, a prominent crypto analyst, advised caution, stating that while MicroStrategy announced $5.5 billion in new bitcoin purchases today, the market’s inability…
Justin Sun, founder of TRON, hinted at a bright future for TRX, comparing it to XRP’s market performance. His statement, “TRX, the next XRP,” became a trending topic among crypto investors on X. Supporters marked this off as a positive long-term prediction. Skeptics, however, feel it may be a move to boost TRX’s visibility. X user PC PR1NCIPAL argued that TRX lacks the buying conviction for sustained rallies. The user pointed out the absence of a major investor with enough liquidity to execute consistent high-volume trades. This comes as XRP experiences renewed interest, driven by legal victories and growing adoption…
The People’s Bank of China (PBOC), the country’s central bank, has highlighted global efforts to regulate digital assets in its annual financial stability report for 2024 whilst also noting that Hong Kong is “actively exploring” a digital asset licensing regime. The China Financial Stability Report, released on December 27, included a section dedicated to digital assets, in which the PBOC pointed out that 51 jurisdictions globally have issued bans or restrictions on digital assets. Specifically, it mentioned how some economies adjusted existing laws, such as Switzerland and the United Kingdom, while others enacted new legislation, the most notable being the…
In a significant development, OpenLoop has announced a collaboration with FoxWallet. With a known strong support of multiple chains and wallets, FoxWallet will help strengthen OpenLoop’s decentralized network. With this partnership, OpenLoop’s ecosystem will become more secure and easy to interact. OpenLoop announced the news of this partnership on its official X account. Our collaboration with @FoxWallet, known for its robust multi-chain and multi-wallet support, marks a pivotal step in ensuring seamless, secure interactions within OpenLoop’s decentralized network. https://t.co/s6fwViVphF — OpenLoop (@openloop_so) January 7, 2025 OpenLoop Enhances Internet Access with FoxWallet Collaboration The OpenLoop decentralized wireless network is working to…
Kripto Poyraz, one of the well-known names among Turkish cryptocurrency phenomena, evaluated the bull market in Bitcoin in his latest analysis. According to the analyst, there is a recent serious movement in the number of active addresses, which increases in bull seasons, and the market is going through a bull period. However, the analyst noted that the peak of the bull has not yet been seen. However, the analyst points out that whale wallets with 1 or more BTC have recently been selling profits. He also stated that this could be a sign of a correction. Interestingly, the Bitcoin price,…
Velar, the leading Bitcoin-based liquidity protocol, started the transformation of its visual identity to kick off the year of 2025. The protocol is undergoing a rebranding and continues its mission of maxing idle Bitcoin (BTC) liquidity integrated into global Web3 economy. Bitcoin DeFi protocol Velar undergoes visual rebranding: Details According to its official statement, Velar, a pioneering Bitcoin (BTC) DeFi protocol, has transformed its visual identity. Velar unveiled a bold new, blue and orange logo that reinforces its dedication toward, and its leadership within, Bitcoin’s fast-growing DeFi industry. Why rebrand now?Our CMO @visionsbtc takes us through Velar’s evolution and expansion…
Crypto Capital Venture founder Dan Gambardello suggests that Cardano might quickly surge to $3 if it receives news of exchange-traded funds (ETF) similar to that of XRP. Gambardello made this suggestion yesterday in an X post. He indicated that Cardano currently has many positive developments within its ecosystem, contributing to its rally. While he did not specify these developments, he hinted that Cardano could rapidly surge to $3 if it receives positive news about ETFs, as XRP has done recently. Gambardello’s comment suggests that Cardano might register a substantial price increase if asset managers file for ETFs tied to ADA.…