Author: NBTC

Bybit, the second-largest cryptocurrency exchange by trading volume, has announced bbSOL Maxi Rewards, a new campaign in partnership with SOLV Protocol, according to the most recent reports shared with Finbold on Monday, December 30. The campaign runs from December 30, 2024, (10:00 AM UTC) to January 20, 2025, (10:00 AM UTC), and users will be able to compete for a share of 1,300,000 SOLV tokens by staking their Solana (SOL) tokens. 🎅🎄 bbSOL Maxi Rewards are HERE!#BybitWeb3 and @SolvProtocol are bringing you a chance to win a share of 1,300,000 SOLV! Stake $SOL, earn #bbSOL, and unlock exciting rewards! 🎁Start…

The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first time, signaling the network’s solid performance. Despite these indicators of a strong network, miners face challenges due to the halved block rewards and increased difficulty, which squeeze their profitability. Temporary Relief But Cost Pressures Mount for Bitcoin Miners CoinShares’ Q3 Bitcoin Mining Report highlights that…

Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) days after the flagship crypto asset retraced by nearly 10%. Svenson tells his 80,700 YouTube subscribers that if Bitcoin stays above an ascending trendline that has lasted more than two weeks on the daily time frame, the crypto king could target a six-figure price next. “There’s a lot of demand for Bitcoin and if we hold this level [ascending trendline], I think that means we might just kind of settle up going into Thanksgiving. Maybe one more test down after Thanksgiving, maybe not. But ultimately we’re looking for the…

DataDance raises millions with Hash Global’s backing to shake up the world of decentralized data. DataDance, a layer-2 blockchain network focused on revolutionizing consumer data asset services, has secured a multi-million-dollar seed funding round led by blockchain giant Hash Global. This funding marks a significant step forward for DataDance, positioning it as a key player in the rapidly evolving decentralized data asset ecosystem and highlighting the growing demand for innovative solutions in blockchain-based data management. https://twitter.com/DataDanceChain/status/1873592389375582445 DataDance is dedicated to creating blockchain-powered tools for managing, analyzing, trading, and collecting data. By integrating Web2 resources with advanced AI capabilities, the platform…

In the first week of December 2024, crypto whales actively made significant moves, purchasing up a diverse range of altcoins. This buying spree reflects their growing confidence in these cryptocurrencies, likely fueled by favorable macroeconomic conditions or speculative opportunities. As these whale activities continue to shape the market, here are the top three altcoins they purchased this week. Worldcoin (WLD) Worldcoin leads the altcoins crypto whales purchased this week. According to IntoTheBlock, the WLD’s large holders’ netflow, which measures the difference between the number of tokens whales bought and sold, was negative on December 4. However, today, that figure has…

Fox Business reporter Charles Gasparino has escalated his feud with the XRP community. Gasparino, one of the most prominent financial reporters, recently stated that there is no “XRP army,” riling up the supporters of the fourth-largest cryptocurrency by market cap. According to the reporter, the community mainly consists of those who “bought the coin and made insiders rich.” Earlier this week, Gasparino also criticized the ruling issued by U.S. District Judge Analisa Torres in the Ripple case, describing it as “dumb.” He has also suggested that the SEC might not toss the Ripple lawsuit despite the incoming departure of Gary…

MoonPay, a crypto payment solutions provider, has officially received approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a Dec. 30 statement shared with CryptoSlate. The firm secured its license from the Netherlands’ Authority for the Financial Markets (AFM), and this milestone grants MoonPay the ability to offer services seamlessly across the European Economic Area (EEA). Ivan Soto-Wright, the CEO of MoonPay, sees this approval as a significant achievement. He said that it shows the company’s dedication to proactive regulatory engagement and its mission to bridge traditional finance with the crypto ecosystem. Soto-Wright also noted…

Bitcoin miners saw substantial shifts in their revenue during 2024, a pivotal year marked by the network’s fourth halving event. As bitcoin’s block reward dropped from 6.25 BTC to 3.125 BTC at block 840,000 in mid-April, the dynamics of mining profitability shifted dramatically, influencing revenue trends throughout the year. From Peaks to Valleys: The Dramatic Revenue Shifts for Bitcoin Miners in 2024 The year began on a strong note for bitcoin (BTC) miners. Metrics collected from theblock.co’s mining data shows January’s total mining revenue reached $1.35 billion, with block subsidies contributing $1.21 billion. February saw a modest rise to $1.39…

An analyst who nailed Bitcoin’s pre-halving correction this year says BTC may have entered a market cycle phase where steep rallies are in sight. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that the act of Bitcoin breaking above the resistance zone that formed around the 2021 cycle high of just below the $70,000 price is “essentially the very first signal to kickstarting the parabolic phase.” “We see the analogous level like this across cycles. In 2020 and 2021 this was the level: $19,000, roughly speaking $20,000. That was the old all-time high resistance. Here in…

Cardano founder Charles Hoskinson humorously suggests Intel is dead following a supposed bullish call from CNBC Mad Money host Jim Cramer. After several famous wrong calls, including about Bear Stearns over a decade ago as well as Silicon Valley Bank and Signature Bank in the past year, CNBC’s Mad Money show host Jim Cramer has become a meme on X as critics believe he is wrong all the time. A problem with this infamy, however, is that his words can often be taken out of context for the sake of sensationalism, with critics quick to take the piss. Cardano founder…