Author: NBTC
The cryptocurrency market experienced significant growth in November 2024, with centralized exchange platforms (CEX) reaching record trading volumes. The combined trading volume of spot and derivatives on CEX increased by 101%, reaching 10.4 trillion dollars in the month of November alone. Growth of trading volumes on CEX Factors influencing growth Comparison between CEX and DEX Growth of trading volumes on CEX Spot trading on CEX saw an increase of 128%, reaching 3.43 trillion dollars, marking the second highest monthly record since the peak of May 2021. On November 12, the daily volume of spot trading hit 221 billion dollars, setting…
President-elect Donald Trump’s proposal to create a strategic national Bitcoin reserve has sparked controversy, with former Treasury Secretary Larry Summers calling the idea “crazy” and accusing Trump of pandering to crypto industry donors. Speaking to Bloomberg TV, Summers, who oversaw the US national gold reserve under President Bill Clinton, described the concept as impractical and unnecessary. “The idea that we should have some kind of national Bitcoin reserve is crazy,” Summers said. “Unlike gold or oil, which have tangible uses and strategic value, Bitcoin is essentially an unproductive inventory.” Summers argued that the proposal lacked a clear purpose and appeared…
In an eagerly anticipated keynote address, Cardano founder Charles Hoskinson is set to unveil his strategic vision for the future of the Cardano blockchain. This keynote takes place during the fourth annual Cardano Summit 2024 Community event in Buenos Aires, Argentina, on Oct. 18. This event promises to be a pivotal moment for the Cardano community and the broader blockchain ecosystem. In a tweet, Cardano builder Input Output Global (IOG) says it will be live streaming on X and YouTube the Cardano founder’s keynote, where he will outline his vision for the future of Cardano on Oct. 18 at 7:00…
Argentina’s President Javier Milei is doubling down on crypto adoption as part of his broader economic reform agenda. Known for his libertarian ideals and criticism of central banks, Milei’s policies indicate a bold shift toward embracing digital currencies, such as Bitcoin, alongside traditional currencies. Interestingly, a recent disclosure confirms that his second year in office could introduce massive changes, particularly around monetary policy and free currency competition. The Push for Currency Freedom In his speech, President Javier Milei discussed plans for his second year in office, focusing on economic reform, reducing government size, and expanding freedoms. He emphasized fostering foreign…
In a stunning demonstration of market agility, a cryptocurrency trader has turned a swift move into a potential profit of $448,000. Just one minute after Binance announced the listing of $VELO, a lesser-known token, the trader seized the opportunity, spending 100 ETH (approximately $389,000) to purchase 2.45 million $VELO tokens via the 1inch decentralized exchange. A trader profits $448K by monitoring #Binance’s new listings!Just 1 minute after #Binance announced the listing of $VELO, this trader swiftly spent 100 $ETH($389K) to buy 2.45M $VELO, now worth $837K — an unrealized profit of $448K!https://t.co/7D4gY1xgjV pic.twitter.com/3NF8hBYplE — Lookonchain (@lookonchain) December 13, 2024 According…
Who would have thought we’d see Bitcoin shoot through the roof this quickly, soaring past $100K, albeit retreating slightly at present? As we move forward into 2025, the main question on our minds is: what lies ahead? Is Bitcoin (BTC) a bubble about to burst, or are we on track for $150,000–$200,000 soon? Are there any rational tools to predict its trajectory, or are we left to just play guessing games? From what I’ve observed, the fog starts to lift when you examine on-chain and technical indicators, while also factoring in the macro perspective. Let’s layer these three types of…
The cryptocurrency market saw impressive gains on October 16, 2024, with various tokens experiencing significant price increases. According to data from Phoenix Group, NEON (NEON), STFX (STFX), and DEEP (DeepBook) were the top-performing assets of the day, recording remarkable price growth. Let’s take a closer look at the market’s biggest daily movers. NEON (NEON) led the daily gainers list, posting a massive 39.4% price increase. This surge pushed NEON’s price to $0.50, raising its market cap to $28.9 million. NEON is primarily traded on the major exchange Coinbase, which has seen increased trading activity around the token. The significant price…
Tom Emmer has joined the band wagon as he has once again criticized current SEC Chair Gary Gensler’s leadership, pointing out Gensler’s regulation-by-enforcement strategy to be the root cause of all the problems faced by the crypto industry. This criticism comes right after Elon Musk and Vivek Ramaswamy criticized the SEC’s overreach in various cases. Tom Emmer Vs. Gary Gensler Emmer, a vocal advocate for transparent crypto regulations, has been criticizing Gensler for a long time now. Emmer has labelled Gensler’s leadership as the most “destructive” and “lawless” SEC chair in the history, which has hindered innovation within the industry.…
The cryptocurrency arm of the American financial services company Robinhood has released its end-of-the-year report for 2024, outlining its growth and expansion to new markets over the past 11 months. Alongside the report release, Robinhood Crypto is celebrating the first anniversary of launching a digital asset trading division in Europe. Robinhood Releases End of Year Report According to the report, Robinhood Crypto recorded a notional trading volume of $119 billion and $38 billion in crypto assets under custody as of November 2024. The entity said 2024 was an important year for its business because of the milestones it achieved. Robinhood…
One of Bitcoin’s (BTC) major promises is freedom — the unshackling of the financial world from the constraints of the traditional (TradFi) system. How? Through decentralization, a trustless system allows for peer-to-peer exchanges of value. Recently, the premier crypto has attracted a new tag — the people’s money — in reference to its supposed egalitarian design and function. But is BTC truly the all-embracing medium of exchange that its proponents make it out to be? Financial analyst Vik Aggarwal has presented new bitinfocharts data faulting that notion. He shared his thoughts via a LinkedIn post. Nearly 75% of available Bitcoin…