Author: NBTC
Only one milestone left before bitcoin officially enters price discovery mode: gold. No question that bitcoin is at an all-time high for US dollars. BTC hit $98,000 earlier this morning, awarding it a market cap close to $1.94 trillion (fully-diluted: $2.06 trillion). Bitcoin’s price has also formally broken 2021 records against all three major US benchmark stock indexes: the Dow Jones, S&P 500 and Nasdaq 100. Gold, though, had outperformed bitcoin following crypto’s peak in November 2021 — until this past week. As of this morning, bitcoin was up 55% since then compared to gold’s 46%. Bitcoin still needs to…
Swiss AMINA Bank has waived custody fees for USDC holders, offering quarterly rewards and asset protection to boost stablecoin adoption. Crypto-friendly AMINA Bank (formerly SEBA Bank) has removed custody fees for its USD Coin (USDC) Stablecoin Rewards Account clients in an effort to attract more stablecoin users. The new offer applies to both hot and cold wallet storage without extra costs, the bank revealed in a press release shared with crypto.news. The bank also announced plans to add EURC, Circle‘s euro-backed stablecoin, to the program soon. Clients holding USDC will receive quarterly rewards directly from the bank, the press release…
Solana (SOL), the fourth biggest crypto, took a halt from its all time high (ATH) rally but it seems like that the crypto whales are not holding back. Data from Lookonchain shows that a whale had scooped $60 million worth of SOL over the past month. SOL price took a hit of around 8% in the last 7 days, dealing with a mild correction after a massive rally. The cumulative Solana ecosystem market cap surged past $342 billion as Pump.fun and newly SOL based meme coins gained prominence. Whale scoops 250K Solana As per the data shared by Lookonchain, 2…
Egypt has unfurled plans to increase the size of its bet on emerging technologies as it eyes regional supremacy in artificial intelligence (AI) and IT sectors. According to a report by Egypt Today, high-ranking officials presented a blueprint to President Abdel Fattah El-Sisi on the actionable steps to be taken to achieve national targets. Communications Minister Amr Talaat led the presentations focusing on the outsourcing industry and seeking the integration of next-gen technologies. Talaat centered his submission on the need to revolutionize the communications sector to improve the national digitization drive. For the Minister, an overhaul of the current internet…
Bitcoin, the first and largest cryptocurrency by market capitalization has surpassed $98,000, marking a new all-time high. Among those celebrating Bitcoin’s spectacular surge is MicroStrategy’s chairman and cofounder Michael Saylor, a long-time advocate of the cryptocurrency. We’re going to need a bigger rocket. #Bitcoin pic.twitter.com/pa6sAvm3RO — Michael Saylor⚡️ (@saylor) November 21, 2024 In a tweet, Saylor wrote, “We’re going to need a bigger rocket. Bitcoin,” perfectly capturing the excitement of the moment. For MicroStrategy, which touts itself as the world’s first and largest Bitcoin treasury company, this implies a validation of its bold investment strategy. As of Nov. 18, MicroStrategy…
Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops $4.12 Billion: Is the Stablecoin Market Shifting Toward Yield? Yield-bearing stablecoins have steadily carved out a significant role in the market, with Ethena’s USDE now standing as the fourth-largest stablecoin, trailing behind Sky’s DAI, Circle’s USDC, and Tether’s USDT. In essence, USDE is a synthetic stablecoin that keeps its peg through a mix of spot crypto holdings and short positions in margined perpetual contracts. USDE supply via defillama.com. USDE holders…
Today, Friend3 Intelligence, which is an upcoming technology platform, unveiled that it has partnered with HeLa Labs, a modular Layer 1 blockchain technology firm. The purpose of this partnership is to advance the development of decentralization AI infrastructure through the development of new, smarter, and more efficient technologies. 🤝 #Friend3 x #HeLaLabs We’re excited to unveil our partnership with @Hela_Network! 🚀 💡 HeLa is a modular Layer 1 blockchain enabling AI infrastructure for Web2 and Web3 across various sectors, including gaming, DeFi, DePIN, and many more.💫 This collaboration… pic.twitter.com/YMbIRp3LHq — Friend3.AI (@Friend3AI) January 13, 2025 About Friend3 and HeLa Labs…
Podcast host Peter McCormack looks set to pocket $20,000 thanks to a bitcoin bet made on “pussy terms” with Simplify Asset Management’s Michael Green. The lower-league football club owner bet Green, who is Simplify’s chief strategist, that the world’s biggest crypto would reach $100,000 by the end of the year. Bitcoin’s price currently stands at $97,170, meaning it needs to increase by under 3% in the next 40 days in order for McCormack to win. The terms of the wager state that, if bitcoin reaches the magic number by December 31, Green will pay McCormack $20,000. Accordingly, if it misses…
Solana ID, an identity protocol, has disclosed details of its upcoming Token Generation Event (TGE) for its native token SOLID. This protocol enables applications to seamlessly access both on-chain and off-chain data, which will boost user conversions and reduce acquisition costs. Furthermore, participants will get the benefit from verified human identifications. Introducing $SOLID 🧵 pic.twitter.com/dMqGheHB7P — Solana ID 🪷 (@solanaidentity) November 28, 2024 The SOLID token will serve as the key to unlock exclusive rewards across the Solana ecosystem. Holders will enjoy perks from various corners of the network, providing access under a single ID and token. The main highlight…
Xhashtag.ai has announced a strategic partnership with Solana blockchain to integrate its XAgent SVM algorithm within the Solana network. In today’s digital landscape, people are surrounded by enormous quantity of information from multiple sources. Although such connectivity provides several benefits, it also creates a lot of unbiased content and misinformation. Even AI networks that people nowadays rely on can unintentionally spread such mistakes, making it difficult to access true information. Based on its mission, Xhashtag.ai understands that accessibility to reliable and truthful data is crucial. That is the reason it has launched XAgent SVM algorithm on the Solana blockchain to…