Author: NBTC
Since the November 5 election of Donald Trump to the U.S. presidency, bitcoin (BTC) is up around 47%, sharply outperforming the S&P 500’s 4% advance. The incoming president, of course, has made clear his friendliness towards bitcoin and crypto. Also worth consideration is the Republican sweep of the Senate and House of Representatives, where laws that might affect crypto will ultimately be passed. Andre Dragosch, Head of Research at Bitwise in Europe, spoke exclusively with CoinDesk about other factors affecting the divergence between bitcoin and stocks. “My view on bitcoin versus S&P 500 is that the stock market has been…
Although it is undeniable that President Donald Trump has been active with regard to cryptocurrencies since taking office, his engagement so far has, arguably, not been as many in the community had hoped. Specifically, while many expected a swift and decisive move in the direction of creating a strategic Bitcoin (BTC) – or a different, ‘America-first’ – reserve, Trump and his family used the inauguration to launch multiple thematic meme coins. Furthermore, while Finbold was examining on-chain data to determine the current state of the President’s cryptocurrency portfolio, we uncovered significant outflows of Ethereum (ETH) and wrapped Ethereum (wETH) from…
The cryptocurrency market is gearing up for an eventful week with major updates and launches across a variety of projects. Here’s what you should keep an eye out for in the coming days: Sonic’s highly anticipated token, S, is set to be listed on Binance on January 16. Fantom had rebranded as Sonic during the rebranding process. Aerodrome will be releasing Slipstream V2, a major upgrade to its decentralized exchange (DEX), this month. On January 18, $2.4 billion worth of ONDO tokens will be unlocked. Solv Protocol will officially launch its token on January 17. Known for its decentralized Bitcoin…
The most crypto-friendly countries in the world each share some common characteristics, including specific regulations that support crypto investment. Oftentimes, tax breaks or innovation hubs have also been introduced on the government level by countries seeking to encourage the development of blockchain technology within their national borders. This article will dive into the top 10 most crypto-friendly countries in 2025, taking a set of important characteristics into account when deciding which nations make the list. Read on to learn more about the extent to which cryptocurrency is supported in different countries around the world. Here are the most crypto-friendly countries…
Bitcoin’s computational difficulty leaped by 5.61% at block height 883,008, catapulting its measure to a historic peak of 114.17 trillion, as per the latest network analytics. Miners Brace for Heightened Challenge as Difficulty Spikes Following the successful mining of block 883,008, the twisting demands of Bitcoin block validation have intensified by 5.61%, with the system’s current complexity now fixed at 114.17 trillion—a numerical expression of the sheer computational rigor miners must conquer to authenticate transactions and forge fresh blocks onto the ledger. The uptick follows the 2.12% dip recorded two weeks back at block 880,992. The hashrate is hovering at…
Binance-backed project Elfin Metaverse aims to revive Web3 gaming with an iconic Japanese gaming brand. Elfin Metaverse partnered with MetaMe, which in turn will tap some of the most widely known IPs from Japanese anime. Elfin Metaverse, a project backed by Binance Labs, has signed a letter of intent with MetaMe, a leading business co-creation company based in Tokyo, Japan. With this move, Elfin Metaverse will gain access to images and branding from top Japanese games, bringing them into a metaverse-based Web3 project. The new products will include interactive storytelling and global tournaments, bringing a cross-border gaming project with on-chain…
Despite the latest Bitcoin upsurge, funding rate data indicates caution among traders amid recent resistance. Bitcoin started 2025 with a strong rally, climbing 4% on Jan. 6 to reclaim the $100,000 mark for the first time in weeks. The price peaked at $102,760 today before facing resistance, leading to a sharp correction that pushed Bitcoin back below six figures. Cautious Market Sentiment Evident in Funding Rates Meanwhile, despite yesterday’s upsurge, Glassnode disclosed today that funding rates, a notable metric for assessing trader sentiment in derivatives markets, show a cautious outlook in the market. 📉 After peaking at 0.026% in mid-December,…
Ethereum’s (ETH) recent price struggles haven’t stopped institutions from accumulating coins, with major entities moving significant holdings from exchanges. The second-largest cryptocurrency by market capitalization has gone up by 0.3% since rebounding from recent lows and reclaiming the $2,650 level. On-chain data from Lookonchain revealed that in the past two days, Cumberland, a crypto asset management firm, withdrew 62,381 ETH (worth approximately $174 million) from exchanges and transferred it to Coinbase Prime. It seems that institutions are accumulating $ETH.In the past 2 days, #Cumberland withdrew 62,381 $ETH($174M) from exchanges and transferred it to #CoinbasePrime.https://t.co/AT53HHa36m pic.twitter.com/6NJxnKxjZH — Lookonchain (@lookonchain) February 6,…
The cryptocurrency market closed this week in the red zone, with Bitcoin’s price temporarily falling below the critical $92,000 level once during the week. However, Bitcoin, which has recovered after the sudden decline, is trading at $94,892 at the time of writing. There will be many new economic developments and altcoin events in the new week. You can reach the calendar for this below. The cryptocurrency market is preparing for a large number of token unlocks in many altcoins in the new week. Here is the token unlock calendar that we have prepared specially for you as Bitcoinsistemi.com. (All times…
Caroline Pham, who is running the U.S. Commodity Futures Trading Commission on an acting basis, is pursuing a stablecoin-backed tokenization pilot program, and an upcoming summit will include the heads of Coinbase, Ripple, Circle, Crypto.com and other digital assets firms. Pham had suggested the idea for a so-called regulatory sandbox on tokenization through her advisory committee, the Global Markets Advisory Committee, in the past but that hadn’t been embraced by the agency’s previous leadership. “I’m excited to announce this groundbreaking initiative for U.S. digital asset markets,” Acting Chairman Pham said in a statement on Friday. “I look forward to engaging…