Author: NBTC
Bill Dudley, former chairman of the New York Federal Reserve, has expressed concerns about the potential inclusion of Bitcoin in the United States’ national reserves. The idea of a national Bitcoin reserve has gained traction this year among some policymakers and crypto enthusiasts, who argue that it could provide a hedge against inflation and diversify U.S. financial assets. While Dudley believes that crypto technology has the potential to improve the financial system and that a Bitcoin reserve might send BTC prices soaring, he argues that a BTC reserve might not be beneficial overall. At the time of writing, BTC was…
In the past couple of days, a prominent crypto whale has gained significant attention in the crypto market by buying $BEAM tokens in a huge amount. As per SpotOnChain, the crypto whale has purchased 189.55M $BEAM tokens by spending 1,458 $WSTETH (equaling $6.7M), indicating an aggressive accumulation spree. $BEAM is what this big whale bought next!In the past 29 hours, the whale spent 1,458 $WSTETH ($6.7M) to buy 189.55M $BEAM at an average price of $0.03515.Overall, since December 1, the whale has spent $35.7M worth of $ETH to buy 4 tokens, including:• 10.245M $FTM (cost:… https://t.co/kTVgQqPi4D pic.twitter.com/VEjrmkA52w — Spot On…
Binance’s updated leverage and margin tiers offer improved trading options for select trading pairs, bringing both potential rewards and risks for crypto traders. The leverage and margin levels for USDⓈ-M perpetual contracts, including DAR, ME, CAKE, IOTA, LPT, ONE, and ZEN, will be updated by Binance Futures today, with effect from 08:15 UTC on Dec. 19, 2024. USDⓈ-M stands for USD-Margined Futures, a type of cryptocurrency futures contract offered on platforms like Binance. It refers to stablecoins such as USDT (Tether) or BUSD (BUSD), which are pegged to the US dollar. These contracts are settled in these stablecoins, rather than…
Bitcoin (BTC) miners have recorded a significant drop in the total BTC held in wallets associated with miners. In a post on X, Santiment, an on-chain analytics platform, highlighted the shift in Bitcoin’s mining balance. There was a drop of 85,503 BTC within 48 hours. Miner activity: Selling pressure or strategic shift? According to Santiment, this extreme drop could have implications for the market. Although mining balances have dropped since the April halving, this new drop signals stronger implications. Notably, it suggests that there is selling pressure, but that it is not linked to price movements. This movement of over…
Meson Finance, a cross-chain protocol, has announced a strategic partnership with Neo X, a blockchain powering native cryptocurrency NEO. With the integration, Neo users now can access Meson’s trading infrastructure, which supports swaps across over 60 blockchain protocols. Meson operates based on the use of a non-custodial infrastructure built on top of hashed time-lock contract swaps. This technique ensures users maintain control over their assets throughout the swapping process. The integration provides Neo users with liquidity in swap pools, including bridging in and out of the ecosystem. Welcome @mesonfi to the Neo X ecosystem! 🚀@mesonfi provides seamless cross-chain swaps with…
Every year, my company Emfarsis partners with the Blockchain Game Alliance (BGA) to conduct an industry-wide survey of blockchain gaming professionals. And every year, the overwhelming majority of respondents agree that digital asset ownership is the single biggest benefit that blockchain can bring to games; this year was no different, with 71.1% ranking it number one. Even with more people joining the industry — in 2024 we had three times as many respondents as compared to the inaugural survey in 2021 — it’s always digital asset ownership that comes out as the industry’s undisputed North Star. But while we hail…
According to reports, WhiteBIT has emerged as Europe’s leading crypto exchange, and it ends the year with notable achievements. On-chain data and market estimates show that the company’s capitalization has reached $38.9 billion. WhiteBIT’s annual trading volume has surged to $2.7 trillion, a 200% increase from the previous year. The data reflects the entirety of exchange markets, both spot and futures, highlighting the company’s swift growth and the growing confidence of its user base. You can always trust blockchain data. The exchange’s trading volume surpassed major players like Kraken, whose annual trading volume stood at $628 billion. WhiteBIT takes over…
Arkham Intelligence has announced the integration of Dogecoin into its analytics platform, offering its advanced on-chain capabilities to the meme-based crypto. The team emphasized the significance of this move, highlighting the limited tools available to analyze the Dogecoin blockchain despite its 11-year existence. With Arkham’s features, users will soon be able to visualize and monitor Dogecoin’s blockchain activity, trace transactions, filter data, and set real-time alerts. This addition expands Arkham’s supported networks to 16, allowing Dogecoin users to examine specific wallet activity and monitor addresses tied to exchanges, funds, and notable individuals. Dogecoin’s Cultural Legacy and Adoption Dogecoin’s cultural relevance…
Bitcoin has finally crossed the $100,000 mark, and while that’s big news for the industry, some analysts are sounding the alarm about what comes next. Bitcoin (BTC) has long been touted by its die-hard supporters as the crypto destined to hit $100,000 — and eventually even $1 million. Now, with Bitcoin finally surpassing the $100,000 mark, the question remains: Is this the beginning of something bigger, or are we nearing a point where the market could hit a rough patch? Table of Contents Accumulation zones and liquidity gaps Voices of caution Broader market risks Accumulation zones and liquidity gaps Data…
BOB, the “hybrid layer-2” network seeking to make Bitcoin the center of the decentralized finance (DeFi) universe, has taken a step toward that goal by integrating with BTC restaking protocol Babylon. An abbreviation of “Build on Bitcoin,” BOB’s aim is to establish Bitcoin as the foundational network for DeFi by creating bridges between itself and other blockchains, using Bitcoin as the anchor chain to finalize transactions. Integrating with Babylon forms part of BOB’s roadmap by giving it “Bitcoin finality,” the point at which a transaction is permanent and irreversible on the oldest blockchain. Assets deposited from other chains on BOB…