Author: NBTC
The cryptocurrency world witnessed groundbreaking progress in 2024 with the approval and success of Bitcoin and Ethereum ETFs. As the United States embraces a pro-crypto administration under President-elect Donald Trump, speculation is growing about the potential launch of a Dogecoin ETF in 2025. “I think everything is on the table under the new administration,” ETF Store President Nate Geraci said in an interview. President-elect Trump has declared a vision to position America as the “Bitcoin capital of the world.” To further this agenda, Trump announced the creation of the Department of Government Efficiency (DOGE), a nod to Dogecoin, led by…
Different views on crypto are being shuffled in Argentina, as the legislative elections will determine the Congress that will define the industry’s path. Argentina to Define Its Crypto Path in Upcoming Legislative Elections Argentina is nearing a crossroads that could define its crypto legislation in the future. The legislative elections, set to take place this year, will shape the crypto industry’s future, which currently faces many challenges in the country. The party led by President Javier Milei, La Libertad Avanza (Freedom Advances), envisions using Bitcoin as part of a multi-currency competition scheme. Ramiro Marra, a regional deputy, believes that a…
New records continue to be set in the bitcoin (BTC) ecosystem, which has seen the mining difficulty adjustment rise to a new all-time high of 110.45T (trillion). 110.45 trillion means that the difficulty is approximately 110.45 trillion times harder than it was at the time of Bitcoin’s genesis block. The difficulty adjustment adjusts every 2,016 blocks and recalibrates to ensure blocks are mined on average every 10 minutes. This is now the eighth consecutive positive adjustment in difficulty, which puts further pressure on miners as the industry becomes more cutthroat and harder to mine a block to receive bitcoin rewards.…
Bitcoin reached $99,000, nearing the $100K milestone with a 4.4% daily surge. President-elect Trump’s pro-crypto stance fuels market optimism. Bitcoin (BTC) reached a new milestone, breaking $99.3K for the first time, with a 24-hour increase of 4.4%. Its market cap climbed to $1.96 trillion, representing 59.2% of the global crypto market cap, which surged to $3.31 trillion. Trading volume also jumped by 31.25% in the past day, totaling $103 billion. The rally extends beyond Bitcoin. Ethereum (ETH) and Solana (SOL) surged by 9% and 12%, respectively, while XRP soared by 25%. Whales have been actively accumulating BTC, with one whale…
Blockchain analysis platform Santiment recently released its list of top decentralized finance (DeFi) projects by development activity. Chainlink (LINK) took the top spot, followed by Synthetix (SNX) and DeepBook Protocol on the Sui blockchain. In a post on X (formerly Twitter), Santiment listed the top DeFi protocols. Injective (INJ) and Radix (XRD) rounded out the top five. The rest of the top ten included Curve Finance (CRV), DeFiChain (DFI), Lido Finance (LDO), dYdX (DYDX), and Fox Crypto (FOX). Synthetix and Chainlink have led DeFi development this cycle. Chainlink recently partnered with Ripple to improve pricing for Ripple’s new stablecoin, RLUSD.…
United States President-elect Donald Trump is among the prominent global leaders with a substantial holding of cryptocurrencies, standing out as an influential player in the digital assets space. Notably, Trump has emerged as a darling of the sector despite initially objecting to the value of cryptocurrencies. As of January 12, his cryptocurrency portfolio featured over 50 different assets. Trump’s cryptocurrency holdings Indeed, Trump’s cryptocurrency collection is dominated by about 70% meme coins, mostly emanating from gifts, Ethereum (ETH) from NFT sales, and direct investments in Ethereum and Wrapped Ethereum, enhanced by his political and business projects. As of the latest…
This week, the cryptocurrency market is set for substantial activity, with a total of $574.8 million worth of tokens unlocking between December 2 and December 8, 2024. This large-scale unlocking event involves various projects, with notable increases in circulating supplies. As per Tokenomist data, Jito ($JTO) leads with a massive unlock worth $496.71 million, accounting for 103.32% of its circulating supply. Other key tokens include Neon EVM ($NEON), Cardano ($ADA), Taiko ($TAIKO), and Ethena ($ENA). These unlocks have the potential to impact market dynamics significantly, making this week a critical period for investors and analysts alike. 🔓 Weekly Cliff Unlocks…
The Trump administration has announced plans to form a Crypto Advisory Council comprised of approximately 24 CEOs and founders from leading blockchain and cryptocurrency firms. Trump Administration to Form Crypto Advisory Council with Industry Leaders The Council is designed to provide expert guidance on digital asset policy and assist Congress in drafting cryptocurrency legislation. Main Objectives of the Council Strategic Guidance: Members will collaborate with management to shape policies that foster innovation in the crypto space while ensuring regulatory clarity. Legislative Collaboration: The Council intends to work closely with Congress to craft comprehensive cryptocurrency legislation that addresses key issues such…
Bitcoin’s mining difficulty has edged up by 0.61%, rising from 109.78 trillion to 110.45 trillion. At the same time, the network’s hashrate remains relatively subdued, following a notable drop from its high of 824 exahash per second (EH/s) to the current 778 EH/s. Bitcoin’s Difficulty Increases, Hashrate Falters Since block height 878,976 was mined, the process of extracting bitcoin has grown marginally more challenging, as reflected in the 0.61% increase in the difficulty parameter. A difficulty level of 110.45 trillion indicates that the target for hashing computations is now 110.45 trillion times more complex than Bitcoin’s baseline difficulty, which was…
Bitcoin has shattered expectations once again, surging past the critical $93,257 level in a display of unstoppable momentum. This breakout has ignited fresh waves of bullish optimism across the crypto market, as traders and investors anticipate greater gains. With market sentiment shifting and key indicators aligning, could this be the spark for Bitcoin’s next major rally? As optimism steadily increases in the market, the goal is to take a closer look at BTC’s impressive breakout above the $93,257 mark, analyze the positive sentiment driving its climb, and assess the potential for continued upward strength in the market. Bullish Indicators: What’s…