Author: NBTC
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…
Quantum AI has started an exclusive collaboration with ACANET. The collaboration aims to improve the capabilities of Quantum AI and ACANET with the inclusion of the advanced resources. The platform took to social media to announce this partnership. 🌓 Quantum AI x ACANET: An Epic Partnership Begins! We’re thrilled to announce our Partnership with @Acanet_io !Acanet stands as a pioneering social network that connects brokers and investors in the financial realm. This platform offers a unique interactive space where… pic.twitter.com/8bnUZR6K6L — Quantum AI (@QuantumTon) December 29, 2024 Quantum AI and ACANET Join Forces to Offer Unparalleled Access to Resources Quantum…
The debate surrounding the true nature of cryptocurrency continues to evolve, with San Francisco Federal Reserve President Mary Daly weighing in on the matter. In a recent interview, Daly argued that crypto should be considered its own distinct asset class, rather than being grouped alongside gold as is often the case. Defining crypto: more than just a commodity “I see crypto as a complicated thing, and the service we need to do for everyone is really unpack what we mean and call it what it is once we’ve done that,” Daly stated on Yahoo Finance’s Opening Bid podcast. She emphasized…
This week in crypto, BeInCrypto unpacks everything from Ripple’s attempts to create its RLUSD stablecoin, Bitcoin facing pullback after the $100,000 milestone, and more. Cardano founder Charles Hoskinson also promoted a message of unity for all crypto enthusiasts, warning of latent hostility from the banking sector. Ripple’s RLUSD Stablecoin On November 29, reports suggested that the New York Department of Financial Services (NYDFS) might soon approve Ripple’s RLUSD stablecoin. New York has always been a critical market for stablecoins, and this approval would be a huge win for Ripple, given its lengthy battle with the SEC and regulators. Unfortunately, however,…
Renowned UK newspaper The Times publishes an article regarding Judge Analisa Torres court ruling on the legal tussle between the U.S. SEC and Ripple. In a recent tweet, XRP community figure Digital Asset Investor called the public’s attention to the newspaper publication. The community member attached a photo of the article, highlighting the newspaper’s comment on the XRP ruling. 👀👀👀 pic.twitter.com/MyqUgwEDs3 — Digital Asset Investor (@digitalassetbuy) December 29, 2024 The Times Publication on XRP Ruling The article, published yesterday under the heading ‘Judging Crypto’s True Value,’ discussed how the outcome of the U.S. election impacted the value of XRP and…
Record app downloads, millions of users, and new in-app features mark the year of recovery and drive OKX’s success. With millions of new users and an impressive 122% year-over-year rise in app downloads, OKX’s 2024 has been a transformative year characterized by resilience and innovation. The CEO of OKX, Star Xu, stated, “Despite the challenges, 2024 remains a year of focus, innovation, and resilience.” The company highlighted major achievements, including an increase of 991% global growth in OKX Wallet users by December and a 20x increase in daily trading volume on its decentralized exchange. This expansion underscores the crypto sector’s…