Author: NBTC

In retrospect, it was inevitable. Down more than 8% and holding just above $300 on Monday, MicroStrategy (MSTR) shares are now lower by about 30% since just after the announcement of their inclusion into the Nasdaq-100 index and nearly 50% from their late November record high. The signs of at least a major short-term top in one-time barely known enterprise software company turned juggernaut Bitcoin Development Company MicroStrategy were everywhere. First among those signals was the rocketing stock price — at its high of $543 in late November, MSTR was up nearly eight-fold in 2024 and more than a 50-bagger…

Aethir, a leader in decentralized GPU-as-a-Service, has announced a groundbreaking initiative called Tactical Compute (TACOM). The platform has taken this step in collaboration with Beam Foundation and MetaStreet. The $4 million project aims to revolutionize decentralized computing infrastructure. It leverages blockchain and AI to address the surging global demand for scalable computational power. Beam Foundation comprises AI decentralization pioneers who aim to advance decentralized infrastructure. MetaStreet consists of DeFi liquidity protocols that aim to unlock liquidity or digital assets. Aethir Leads the Charge in the Vision for Decentralized Computing TACOM is designed to bridge the gap between traditional computing models…

South Africa’s Financial Sector Conduct Authority (FSCA) announced earlier this month that it has approved the licences of 248 firms to operate as crypto asset service providers (CASPs) while declining nine applications. The regulator has yet to make a decision on 56 more applications. South Africa Regulates Crypto Firms The regulator further revealed that it had received 420 CASP licence applications since the licencing process began on 1 June 2023. Additionally, 106 applicants voluntarily withdrew their applications after engaging with the regulator. “Reasons for the decline of CASP licence applications to date have included the failure of applicants to meet…

AI-powered market analyst AIXBT misreported FTX’s repayment size and schedule, but the agent quickly acknowledged its mistake. The automated blockchain analyst posted that FTX would distribute $16 billion to creditors via crypto exchanges Bitgo and Kraken within 60 days of Jan. 3. However, the artificially intelligent agent misinterpreted the timeline and repayment figures. Sunil Kavuri, a representative of the largest FTX creditor cluster, clarified that the court-approved reorganization plan will become effective on Jan. 3. Creditor distribution will begin within 60 days of that date, but repayments will not necessarily be complete in that time. Kavuri also stressed that FTX…

Bitgert, a well-known crypto platform, has announced its collaboration with Comet Protocol. The partnership aims to play a crucial role in redefining blockchain interoperability. The platform disclosed the details of this collaboration on its official social media account. 🚀 Bitgert x Comet Protocol Partnership 🚀We’re thrilled to announce our Partnership with @comet_protocolComet Protocol is the seamless interlink communication aggregator for Ethereum, Bitcoin and all Layer 1s. Stay tuned for exciting more updates!Follow @bitgertbrise and… https://t.co/kD1PW0hv90 — Bitgert – $BRISE (@bitgertbrise) December 28, 2024 Bitgert and Comet Protocol Join Forces to Deliver Matchless Interaction Across Blockchains Bitgert asserted that the strategic…

Bitcoin continues to eye its next target, with analysts now at loggerheads over whether the flagship crypto asset will attain the milestone. The leading cryptocurrency rallied close to $100,000 last week, with notable crypto participants speculating it would attain the milestone. However, Bitcoin stalled at $99,662 for several reasons. Reasons Bitcoin Stalled Before $100,000 Notably, a recent analysis has suggested notable impediments to Bitcoin’s push to $100,000. Per a CNBC report, selling pressure from long-term Bitcoin holders (LTHs) was a significant constraint in the asset’s path. An earlier The Crypto Basic report confirmed this analysis, as LTHs cashed in over…

Look, I know I am late to the party. I remember covering the news of MicroStrategy’s first bitcoin purchase, and I’ve watched the stock rise from $14 to $400 per share. All that time, I didn’t buy. Yet, this past Friday, for the first time since 2018, I bought stocks — specifically MicroStrategy (MSTR) and a couple other companies also holding bitcoin on their balance sheets. It was something I never thought I’d do again.In 2018, I sold all my stocks for more bitcoin when the price crashed into the $3,000 range, and I have not purchased any other asset…

Magic Eden, the largest cross-chain NFT marketplace, has officially launched the allocation checker for the $ME airdrop, set to go live on December 10th. Supporting Bitcoin Ordinals, ETH, SOL, and many other chains, Magic Eden continues to dominate the NFT ecosystem. In this article, we’ll walk you through how to check your $ME allocation, claim your rewards, and understand the factors that determine your eligibility. What Is Magic Eden, and Why Does It Matter? Magic Eden is a leading cross-chain NFT marketplace, enabling seamless trading across chains like Bitcoin, Ethereum, Solana, and more. Known for its user-friendly platform and support…

The most anticipated question of who could be the next SEC Chair finally came to an end when President-elect Donald Trump officially nominated Paul Atkins as the next SEC Chair. But there are still some questions on investors’ minds as to how Atkin will address the ongoing crypto cases. Paul Atkins is a former SEC commissioner known for his pro-crypto views. He has always supported fair and transparent crypto regulations that encourage innovation in the crypto industry without suppressing technological advancements. In a recent x post crypto analyst Arthur (@XrpArthur) shared why Paul Atkins’ nomination by Donald Trump to succeed…

Binance, the world’s second-largest cryptocurrency exchange by volume, has reached a significant milestone in its stablecoin reserves. The exchange now holds $31 billion in stablecoins, a dramatic increase from $7 billion in June 2023. This nearly fivefold jump highlights the growing liquidity and confidence in the digital asset market. Stablecoins, primarily USDT and USDC, are essential for providing liquidity, ensuring stability, and facilitating smooth transactions during market volatility. This growth underscores Binance’s position as a leading platform in the crypto space. Stablecoin Growth Signals Strong Market Liquidity As per Cryptoquant data, the sharp rise in Binance’s stablecoin reserves indicates strong…