Author: NBTC
SOS, a publicly traded chinese company, has revealed a significant move to invest $50 million in Bitcoin (BTC) as part of its strategic plan to strengthen its blockchain and digital asset portfolio. The decision, approved by the company’s Board of Directors, reflects SOS’s confidence in Bitcoin’s role as both a store of value and a key strategic asset in the evolving digital economy. This investment plan arrives at a time when Bitcoin has been reaching record highs, currently valued around $93,000 per coin. With projections suggesting it could soon surpass $100,000, SOS’s investment aligns with the growing momentum in the…
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. Ethereum is up 3.99% today against the US Dollar Ethereum is currently trading 7.97% below our prediction on Jan 07, 2025 Ethereum dropped -3.85% in the last month and is up 46.07% since 1 year ago ETH price is expected to rise by 10.67% in…
Hailey Welch, an influencer on social media, launched her own memecoin, Hawk Tuah, on Dec. 4. The cryptocurrency crashed from $500 million to $60 million in just 20 minutes post-launch. Hailey Welch, commonly known as the Hawk Tuah Girl on the internet, launched her new memecoin of the same name, $HAWK, on Solana on Dec. 4. The coin quickly took off, garnering a market cap of about $500 million, which then crashed to nearly $60 million, all within 20 minutes of launch. The news was further confirmed by Solana (SOL) on X. LATEST: @HalieyWelchX’s (Hawk Tuah Girl) newly launched token…
While Bitcoin (BTC) has been struggling with corrections in recent days, the minutes of the FOMC meeting were announced yesterday, indicating that the Fed will act more cautiously in reducing interest rates if the downward trend of inflation stagnates. While the FED, which made a 25 basis point cut in November, is expected to make a 25 basis point cut in December, data on Personal Consumption Expenditures (PCE), which the FED closely follows when making interest rate decisions and is accepted as a leading inflation indicator, were announced. Accordingly, personal consumption expenditures data for October were as follows: Core Personal…
Ethereum (ETH) investors seem to be confident that the cryptocurrency’s rebound above $3,400 could be the start of something better. This assertion could be attributed to their recent behavior, which has seen many holders refrain from selling despite a drawdown that happened recently. Will ETH price accelerate upwards? This on-chain analysis looks at the possibility. Ethereum Profit-Taking Dips, Bullish Sentiment Improves On December 30, the ETH price dropped below the $3,400 mark amid a short consolidation period. But as of this writing, the value has risen above that threshold. Findings show that Ethereum investors’ actions were vital in enabling it…
Ripple confirmed that it has delayed the launch of its stablecoin. Meanwhile, the price of XRP has dropped, causing it to lose its recently-earned position as the third-largest cryptocurrency. Ripple, widely known for its cross-border payments in the crypto space, has postponed the launch of its stablecoin, $RLUSD, as it awaits a final nod from the New York Department of Financial Services. In an official announcement on X, Ripple said, “$RLUSD isn’t launching today.” on Dec. 5. Despite some speculation, $RLUSD isn’t launching today. We’re in lockstep with the NYDFS on final approval and will share updates as soon as…
Notable Bitcoin advocate and US Republican Senator Cynthia Lummis believes President-elect Donald Trump is building a Bitcoin army. Trump has maintained his pro-crypto stance since he emerged as the US President. Interestingly, his unwavering support for developing technological innovation has been evident in his post-election activities. Notably, these activities have caught the attention of fellow staunch Bitcoin advocate Senator Cynthia Lummis, who has lauded the president’s efforts. In this latest news about bitcoin, in a tweet today citing an appearance at FOX Business, the senator noted that Trump is building an army to fight for Bitcoin. President Trump is assembling…
Ethereum trades at $3,444 with a $415.01B market cap and $20.12B trading volume. Endaoment sold 3,690 ETH for $12.47M in its largest-ever sale. Ethereum (ETH) is currently trading at $3,444.79, up 1.28% over the last 24 hours. Its market cap stands at $415.01 billion, reflecting a 1.29% increase, while 24-hour trading volume has surged 18.09% to $20.12 billion. Ethereum’s circulating supply is 120.47 million ETH, with no maximum supply cap. Recently, Endaoment, an Ethereum-based charity fund, sold 3,690 ETH worth $12.47 million in a single transaction—their first sale in 10 months and the largest ever. The ETH originated from an…
Input Output Global (IOG) CEO and Cardano founder Charles Hoskinson suggests the Cardano blockchain could become the foundation for global infrastructure. Hoskinson made this assertion at the Cardano Constitutional Convention, which commenced yesterday in Nairobi, Kenya. “And if we do our job right, the world will run on Cardano” 🔥 pic.twitter.com/UtIVJpjB8S — Linda (@Cryptofly777) December 4, 2024 During his inspiring keynote, Hoskinson emphasized that Cardano’s decentralized governance is focused on achieving continuous progress rather than immediate perfection. Replacing Bureaucracy with Global Unity According to him, the rationale behind developing Cardano is to unite the world by building efficient systems that…
A closely followed crypto analyst is identifying a level where Bitcoin (BTC) could regain bullish momentum. Pseudonymous trader Cheds tells his 340,100 followers on the social media platform X that Bitcoin needs to soar about 4.50% from current levels to spark new surges. “BTC recapture of $96,000 would really kick things off.” In a new YouTube video, Cheds explains the relevance of the $96,000 area for BTC. The trader says a move above the key price level would generate bullish momentum for Bitcoin. “The reason I said that is from a momentum standpoint, that would signify a retest of the…