Author: NBTC

Real Vision analyst Jamie Coutts believes that one investment trend could be the catalyst that sends Bitcoin (BTC) soaring to six figures. Coutts says that increasing Bitcoin adoption among money managers could cause the flagship crypto asset to increase by more than 643% of its current value before 2030. “Every time a money manager chooses BTC over sovereign debt, it reinforces the existing debasement trend. A slight shift toward Bitcoin could drive its price above $500,000 before the decade ends.” Coutts believes that Bitcoin’s relatively strong performance during bear markets and its store-of-value properties may result in more investment portfolios…

The Ethereum Foundation is preparing to invest tens of millions into zkVMs (Zero Knowledge Virtual Machines). The development has been revealed by Justin Drake, who is a researcher at the organisation. In a separate development, yesterday, Ethereum co-founder Jeffrey Wilcke moved over 20,000 ETH to Kraken, triggering concerns across the cryptocurrency market. In the last 24 hours, the Ethereum market has dropped slightly by 0.7%. Will it decline further? Let’s analyse the key developments to understand the market scenario better. Please join! Ethereum Foundation Bets Big on zkVMs In a post on X, Drake states that the EF is preparing…

According to a Standard Chartered report, stablecoins are shifting from initial use in crypto exchanges to broader applications in global finance. The study indicates that stablecoins are increasingly used for purposes akin to traditional finance, such as saving and transacting in U.S. dollars and facilitating cross-border payments. Standard Chartered comments on how stablecoins’ dominant use case is evolving. “There is growing evidence of increasing stablecoin use for a variety of purposes akin to those provided in traditional finance.” According to the report, one significant factor driving this shift is the demand for faster and more accessible cross-border transactions. Traditional correspondent…

TON (The Open Network) is on track to overtake Ether in holder numbers by the end of the year. According to Maarten, a Community Analyst at CryptoQuant, TON has attracted around 500,000 new holders daily over the past month, pushing its total count to 112 million. With Ethereum at 137 million holders, TON’s rapid rise could close the gap by December 20 if current trend holds steady. But this isn’t set in stone. Maarten points out two important assumptions. First, TON’s growth could slow. If the daily increase drops by just one standard deviation, TON won’t cross Ethereum’s count until…

Cryptocurrency research firm QCP Capital reported in a recent analysis that there has been a significant increase in the price of Bitcoin (BTC) due to strong spot demand. Last night, BTC briefly reclaimed the $68,000 level before rallying 2.20% and settling in the $67,000 range. QCP Capital noted that there was significant movement in the options market during US trading hours, with intense buying interest in long-term options. In particular, 600 contracts were traded at $120,000 for the March 28 expiration. According to QCP, this indicates a revival of optimistic and long-term buyers and increased confidence that prices will rise…

Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin’s (BTC) past bull run. Ethereum has yet to hit a record high in the current market cycle, while Bitcoin has reached an all-time high shy of the $100,000 milestone. Now, Ethereum’s current technical setup is mimicking Bitcoin’s 2014-2017 trajectory, where both assets experienced a similar bear market phase, followed by the early stages of a bull cycle, according to trading expert TradingShot’s analysis shared in a TradingView post on November 29. Therefore, Ethereum might follow a well-established path to new highs…

In the last 24 hours, dog-themed cryptocurrency Shiba Inu has registered 2.23 trillion SHIB in large transaction volume, which provides an idea of the total amount transacted by whales in a given day. According to IntoTheBlock data, Shiba Inu’s large transaction volume came in at $36.81 million or 2.23 trillion SHIB in the past day, representing a 60.73% increase. Despite this significant activity, the price of Shiba Inu remains in the red, reflecting the broader market’s volatility. At the time of writing, SHIB was down 4.83% in the last 24 hours to $0.00001689 and down 12.83% weekly. Cryptocurrencies fell broadly…

Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com. The report also revealed that Q3 had the biggest property, plant, and equipment (PP&E) expenditure since Q1 2022 with over $3.6 billion spent on mining upgrades. The bulk of the PP&E spending was on modifications to mining hardware, including the acquisition of new mining sites and technology. This ongoing investment in hardware and infrastructure is in line with…

BANGKOK – Coinbase’s Base blockchain launched in August 2023, and grew with the power of memecoins like BALD, a reference to CEO Brian Armstrong’s bare scalp. But the protocol’s creator says there’s more to the story than silliness. “BALD caught us all by surprise. You know, this was before the public launch of Base. It was when it was just open for developers,” Jesse Pollak said during an interview on the sidelines of Devcon in Bangkok. “I remember waking up on Saturday morning and being like, what is going on? It was not in our plan, and it happened.” BALD…

Tesla’s latest Bitcoin transfer sparked speculation within the cryptocurrency community after Arkham data revealed unusual wallet activity on Wednesday. The funds were moved to a new wallet rather than a trading platform, easing initial concerns about large-scale Bitcoin sales. Neither Tesla nor CEO Elon Musk has commented on the transfer, but more details are expected when Tesla releases its third-quarter earnings report early next week. CryptoQuant community analyst Maartunn offered several potential explanations for Tesla’s Bitcoin transfer, highlighting compliance, wallet management, and restructuring as the most likely reasons: Compliance or Internal Audit: Tesla may be transferring Bitcoin to meet legal…