Author: NBTC
Crypto.com increased its share of the centralized crypto exchange market in 2024, while industry leaders Binance and OKX saw declines, according to a report from CCData. Among the largest exchanges, Binance, Bybit, and Coinbase led in spot trading volume in December, collectively accounting for 55.7% of total volume — down from 58.4% in November. Centralized exchanges ended 2024 with a record annual trading volume of $75.8 trillion, surpassing the previous high of $65.1 trillion in 2021. Analysts expect continued market shifts, with Crypto.com, Coinbase, and Bitget well-positioned for growth, while Binance and OKX face further competition. Crypto.com emerged as one…
The following is a guest post from Christina Comben. Fisher Yu is the co-founder and CTO of Babylon, the Bitcoin staking protocol causing a stir among forward-thinking HODLers. Polite and friendly, he asks how I’m doing and where I’ve flown in from to attend the first Bitcoin Conference in the MENA region. “Not as far as you,” I smile and he laughs, having traveled thousands of miles from Australia to Abu Dhabi. We make our way through throngs of people meandering in the exhibition hall, striking up conversations, checking out booths, and listening to panelists discuss the latest advances in…
In a surprising turn of events in the crypto sector, a whale has witnessed a huge loss. As per Onchain Lens, the crypto whale deposited up to 5.09M $THE tokens into the prominent crypto blockchain Binance just to see $1.8M in losses. The on-chain analytics provider disclosed this development on the social media platform X. A whale has deposited 5.09M $THE worth $4.66M into #Binance, incurring a loss of $1.8M.The whale accumulated these tokens over the past 12 days for $6.46M.Address: 0xa595860d3faacebc6203a21b1e73f75bdc4da8f9 pic.twitter.com/aRnm0EdelF — Onchain Lens (@OnchainLens) January 19, 2025 Crypto Whale Sees $1.8M in Losses after Depositing 5.09M $THE…
Nayib Bukele, El Salvador’s iconic Bitcoin-loving president, just fired shots at former US Senator Bob Menendez, who was sentenced to 11 years in prison on Jan. 29 after investigators found gold bars and half a million in cash hidden in his house. Nayib couldn’t resist pointing out the absurd irony. “This guy said we used Bitcoin for money laundering and corruption,” he said in a post with a laughing emoji. Binance founder Changpeng “CZ” Zhao and X owner Elon Musk himself both reposted the post. For years, Menendez hounded Nayib over El Salvador’s Bitcoin Law, accusing the country of financial…
Swap volumes on XRP Ledger’s decentralized exchange (DEX) crossed the $400 million mark in January as the network gains traction among larger players, Ripple Labs CEO Brad Garlinghouse said in a community call on Wednesday, Volumes average over $17 million daily this month, with over $1 billion since its 2024 launch. The rapid expansion of the XRP Ledger’s DEX was one of the key reasons that made 2024 “one of the most monumental years for Ripple,” Garlinghouse said, alongside the “early but promising traction” of Ripple’s US dollar-pegged stablecoin, RLUSD, along with multiple filings for proposed XRP exchange-traded funds (ETFs).…
Jan 31 (Reuters) – Toronto-based bitcoin miner Bitfarms (BITF.TO), opens new tab has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday. WHY IT’S IMPORTANT Crypto miners often own large plots of land and significant power resources — assets that are also crucial for high-performance computing (HPC) and AI data centers. To capitalize on the AI boom, many miners have begun to repurpose parts of their operations into data centers, given they already have most of the infrastructure. Critics of the approach,…
Bitcoin has bounced back to $94,000 following reports that Donald Trump is preparing to sign pro-crypto executive orders on his first day in office. These orders could overturn key regulatory measures, including the SEC’s Staff Accounting Bulletin 121 (SAB 121). Trump is Reportedly Preparing to Overhaul Crypto Regulations Starting Day One According to The Washington Post reports, the orders are expected to address major challenges faced by the crypto industry, such as banking restrictions and the controversial SAB 121. This SEC bulletin requires companies holding cryptocurrencies for clients to record those assets as liabilities on their balance sheets. “The SEC…
The European Union is accelerating its digital euro initiative in response to a recent executive order from the U.S. President Donald Trump. The order, which promotes the expansion of U.S. dollar-backed stablecoins globally, has intensified concerns in the eurozone about the growing influence of the dollar. With USD stablecoins already comprising 97% of the worldwide market, European policymakers worry that their increasing adoption could diminish the euro’s role in international finance. Officials at the European Central Bank have voiced apprehensions regarding the impact on the banking sector. ECB board member Piero Cipollone, on January 24, noted that stablecoins could attract…
The $59.4M SOL transfer showcases the significant impact whales have on market dynamics, as their movements often hint at broader market trends or strategic shifts. The large transfer into Solana suggests rising confidence in its blockchain, potentially pointing to staking opportunities or strategic diversification. Speculation about links to Trump Coins highlights how interconnected crypto markets are, with portfolio rebalancing driving significant fund movements. An extensive transfer of 216 thousand SOL worth close to $59.4 million has been recognized by cryptocurrency experts and traders.Such a big transaction triggered other people’s speculations about the possibilities of some whales selling Trump Coins to…
Takumi Niwa, a 30-year-old Japanese table tennis star and 2021 Tokyo Olympic bronze medalist, was arrested on suspicion of illegal online gambling using crypto. Japan’s Olympic Star Involved in Crypto-Driven Online Gambling According to the Chiba Prefecture Police, the Olympic medalist was transferred to the prosecutor’s office on the 29th after he admitted the relevant charges during the voluntary interrogation. As per local media outlets, Niwa allegedly placed bets on sports game outcomes through overseas online casinos, which are banned under Japanese law. During voluntary questioning, he reportedly admitted to the charges, stating, “I didn’t know it was illegal, and…