Author: NBTC
Earlier this month, Pudgy Penguins came within striking distance of dethroning CryptoPunks as the most expensive NFT collection in the world. It’d been a long, long time since any other brand had come close to accomplishing that feat, and Pudgy had wind in its sails: Riding momentum from an upcoming token airdrop, the collection soared to unbelievable highs, exploding from a floor price of $19,000 at the start of November to more than $138,000 by mid-December. It looked like the flip might happen. Then the PENGU token airdrop went live and—in typical crypto fashion—Pudgy Penguins collapsed in value by over…
Cryptocurrencies, including stablecoins, pose significant risks to financial stability, according to the Reserve Bank of India. Reiterating its long-held anti-crypto stance, the RBI highlighted the various risks involved with digital assets in its Dec. 30 Financial Stability Report for 2024. While crypto adoption flourished at the grassroots level in India this year, the RBI raised a red flag, warning that unchecked use of digital assets, including stablecoins, could loosen monetary reins, open backdoors for capital flight, and “divert resources available for financing the real economy.” According to the regulator, while the crypto market in India “remains small,” the narrowing gap…
Shibarium, the official blockchain of the Shiba Inu ecosystem, has achieved two incredible milestones in terms of number of wallets and total transactions. The popular Layer-2 blockchain has continued to attract the attention of the broader crypto community with its streaks of achievements. Fresh data from Shibariumscan shows that the network has surpassed 600 million transactions and reached a milestone of over 2 million wallets. The past month has been marked by increased user activity on Shibarium as users flock to the L2 blockchain to interact with different DeFi protocols. Number of Wallets Cross 2 Million As a result, the…
Uquid, a prominent platform offering infrastructure for Web3 shopping, has announced an exclusive development concerning blockchain support. According to Uquid, it now supports up to 11 blockchains, streamlining crypto payments for the web3 shopping around the globe. 🌐 Uquid Supports 11 Blockchains for Limitless Shopping!From Bitcoin, Ethereum, and Solana, TRON, TON and more, we empower users with seamless, flexible crypto payments.Why? Because your shopping experience should match your crypto journey! Fast, secure, and inclusive. Start… pic.twitter.com/AmpeAJ2ZUJ — UQUID – Web3 Shopping Infrastructure (@uquidcard) December 29, 2024 With this development, the platform offers a seamless shopping experience. Additionally, this permits it…
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows so far in November, bolstered by Bitcoin’s surge toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, Bloomberg reports. The inflows coming to such ETFs issuers as BlackRock and Fidelity, are set to surpass the previous record of $6 billion achieved in February, the report reads, noting that Bitcoin is nearing the $100,000 milestone. The capital influx comes after Trump pledged…
Bitcoin has come a long way since launching in 2009 as a fairly obscure form of digital cash. The project would go relatively unnoticed by the general public for several years, gaining popularity in 2013 and skyrocketing to become the largest asset class in the world. In fact, while Bitcoin was the first-ever cryptocurrency, its invention prompted thousands of new cryptocurrencies to follow suit, with complex use cases, expansive derivative markets, and a growing list of features added on. Bitcoin developers have also continued to innovate on the project, with the biggest update in recent years being Bitcoin Ordinals, which…
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)It’s been a tough month for MicroStrategy (MSTR), the software developer turned bitcoin (BTC) accumulator. Its stock has tumbled almost 50% since November, when it joined the Nasdaq 100 index and peaked at a 600% gain since the start of the year. That still leaves the Tysons Corner, Virginia-based company a whopping 342% ahead in 2024, the biggest return among the highest-profile crypto-linked assets in traditional finance (TradFi). It’s been a volatile year, packed with geopolitical and technological developments to rattle financial markets. The continuing wars in eastern Europe…
Neo SPCC has released NeoGo v0.107.1, featuring a new NeoFS-based solution for synchronizing blocks. The release remains compatible with Neo C# v3.7.5, the current version on the Neo MainNet, and does not require database resynchronization, offering a straightforward upgrade process for node operators. NeoFS-based synchronization The NeoFS BlockFetcher service is the primary addition to this release, which acts as an alternative to the peer-to-peer block synchronization mechanism. BlockFetcher enables nodes to download, verify, and synchronize block dumps stored in NeoFS. The feature, supported by the new upload-bin command-line utility, can be activated through the configuration file. As part of this…
The publicly listed Bitcoin (BTC) miner from Wall Street, HIVE Digital Technologies (NASDAQ: HIVE) announced today (Tuesday) its strategic decision to relocate its headquarters from Vancouver, Canada to San Antonio, Texas, marking a shift in the company’s operational focus toward the U.S. market. The blockchain infrastructure company’s move comes amid growing optimism about the U.S. cryptocurrency sector under the incoming Trump administration, which has signaled a more supportive stance toward digital asset innovation. The relocation includes plans to transition to U.S. Generally Accepted Accounting Principles (GAAP) reporting by March 2025. Frank Holmes, Executive Chairman of HIVE “The depth and breadth…
Securitize, a top player in RWA tokenization, has announced that Wormhole will serve it as an interoperability provider. The integration of Wormhole for interoperability targets to fill the gap between the traditional and digital finance while enhancing accessibility and liquidity. The platform took to its official X account to provide the details of this integration. Institutions are going multichain with Wormhole.@Securitize, a prime example and leader in real-world asset tokenization, has chosen Wormhole as its interoperability provider. This integration connects TradFi and DeFi, improving liquidity and accessibility across ecosystems.… pic.twitter.com/C7jTlDXJVG — Wormhole (@wormhole) December 29, 2024 Wormhole to Increase Scalability…