Author: NBTC

Tron Network’s revenue grew 170% year-on-year, reaching $7.28 million. Increased DeFi and stablecoin transactions boosted Tron’s user base and activity. Tron Network has achieved impressive growth in 2024, as reported by monitoring platforms TechFlow and Lookonchain. As of mid-October, the network recorded a revenue of $7.28 million, a significant 170% increase compared to the $2.69 million generated during the same period last year. This surge in revenue reflects the rising adoption of the Tron ecosystem, which is expanding its footprint in the blockchain space. On October 15 this year, #TronNetwork’s revenue was $7.28M, compared to $2.69M last year, a 170%…

In the latest development, Ukraine is poised to legalize cryptocurrency by the first quarter of 2025. However, while the country aims to regulate the industry, it is unlikely to offer tax exemptions for cryptocurrency transactions. Danylo Hetmantsev, the head of Ukraine’s Parliamentary Committee on Finance, Tax, and Customs Policy, noted that a parliamentary working group is finalizing the first reading of a draft law on cryptocurrency. He expressed confidence that the text, developed in collaboration with the National Bank and the International Monetary Fund (IMF), will be ready shortly after the New Year. They aim to pass this legislation and…

Popular Memecoin, BabyDogeCoin has recently filed an application for its listing on Coinbase, one of the leading cryptocurrency exchanges. The BabyDogeCoin team shared the screenshot of their application and playfully asked “Hey Coinbase and CoinbaseAssets, did you get out listing application, or should we bark louder?” Baby Doge teasingly Inquire About its Listing (Source: X Post) Coinbase’s Response to BabyDoge’s Listing Application In response, Coinbase’s support account acknowledged the application, stating, “Our team will look into this. Thank you!” This news has sparked excitement in the community, with many speculating that the Coinbase listing could cause significant price surge. BABYDOGE/USDC…

According to Chainalysis’ Geography of Cryptocurrency Report 2024, Colombia has emerged as a major player in the regional cryptocurrency environment. The country ranked fourth in Bitcoin transactions, having amassed more than US$6.788 billion during the same period. The latest increase in Bitcoin’s value, surpassing a critical milestone of US$100,000, coincided with a government declaration by the newly elected president Donald Trump. This development caused waves in global markets, increasing valuations for corporations with Bitcoin holdings and raising the cryptocurrency assets of countries like El Salvador. However, the consequences of this increase go beyond the bounds of established economies and wealthy…

Dogecoin’s price increased by 10% in 24 hours, reaching over 12 cents, driven by social media buzz on X and speculation about further endorsements from Elon Musk. Elon Musk’s $75 million donation to a political action committee supporting Donald Trump’s campaign may have helped spur interest in DOGE. Musk has proposed a “Department of Government Efficiency,” which aligns with the DOGE acronym. Dogecoin (DOGE) prices jumped 10% in the past 24 hours, perhaps driven by social chatter on X and expectations of a bigger Elon Musk endorsement in the months ahead. While crypto prices in general are higher – including…

Argentine President Javier Milei delivered a speech detailing his administration’s plans for its second year in office. The leader stated that he would slash 90% of national taxes, implement a currency competition scheme, and even introduce nuclear energy to the country. Milei Year Two: Nuclear Energy, Tax Reduction, and Free Currency Circulation Argentine President Javier Milei, a self-proclaimed “anarcho-capitalist,” has laid his administration’s plans for his second year in office. Milei, who found a devastated economy when coming into office, has achieved a surplus for the first time in 123 years, taking the reins of monetary issuance and leading it…

WhiteBIT, one of Europe’s largest cryptocurrency exchanges, has significantly expanded its collateral offering, adding 60 new assets. This expansion brings WhiteBIT’s supported assets to over 80, quadrupling the number in a matter of months. Among the newly added coins are some of the most popular and in-demand assets: PEPE, BONK, SUI, DAI, NOT, BOME, APT, AAVE, TON, MRK, STRK—just to name a few. These assets can now be used as collateral for borrowing, margin trading, and futures trading, providing traders with more opportunities to implement advanced strategies and manage risks effectively. This strategic move positions WhiteBIT on equal footing with…

MicroStrategy acquired another $2 billion worth of bitcoin (BTC) last week, but it hasn’t helped investors regain last month’s confidence. The premium shareholders place on its stock is at a two-month low, and its share price is 30% off its all-time high from November 21. MicroStrategy has a small software business, yet most investors calculate its value as a multiple of its BTC holdings. To that end, on November 20, the company owned $31 billion of BTC yet traded at a $106 billion market capitalization — a generous, 3.4X premium. At publication time, that multiple has declined by one-third to…

Tether, the company behind the USDT stablecoin, has announced that approximately 330 million on-chain wallets and accounts had received the digital asset as of the end of Q3 2024. These accounts and wallets are a critical measure of user engagement. In the first-ever Tether Insight report, Philip Gladwell, Tether’s Head of Economics, pointed out that USDT’s user base has seen sustained and accelerating growth. Over the last four quarters, the number of users has grown by an average of 9% per quarter, with the third quarter of this year marking the company’s most successful yet—bringing in 36.25 million new users.…

U.S. President-elect Donald Trump’s cryptocurrency strategy is becoming clearer following his announcement of a designated White House Crypto Czar and the appointment of a new securities regulatory body. In a recent interview at the NYSE, Trump announced plans for a U.S. crypto reserve as he aims to do something great with the crypto space. Trump Wants the US as Global Head President-elect Donald Trump announced his ambitious plans for a U.S. crypto reserve, akin to the Strategic Petroleum Reserve, during his visit to the New York Stock Exchange (NYSE). Trump, who also had the honor of ringing the opening bell…