Author: NBTC
The year 2024 reportedly played a noteworthy role in shaping the crypto market with many prominent fundraising events. As per the data from Phoenix Group, the projects like Bridge, Rubmle, Avalanche, and MONAD led the market with substantial fundraising amounts. The on-chain analytics provider shared the list of these events on its X account. Bridge Dominates the Prominent Fundraising Projects of 2024 with $1.1B In line with the data, Bridge stood out as the1st major crypto fundraising project with a stunning $1.1B led by Stripe. Subsequently, Rumble took the 2nd place in terms of the raised amount of up to…
Crypto.com has reportedly started enforcing the European Union’s Travel Rule, blocking a user from making an XRP deposit. The EU rule, Regulation (EU) 2023/1113, which is also known as the Travel Rule is expected to take effect across the continent from December 30. The Travel Rule was introduced as one of the broader strategies to check incidents of money laundering and keep industry participants safe. The regulation also promotes transparency by mandating crypto exchanges collect information from transactions. Users are expected to provide details such as the names of users involved in transfers and the origin and destination of funds.…
Bybit, the second-largest cryptocurrency exchange by trading volume, has announced bbSOL Maxi Rewards, a new campaign in partnership with SOLV Protocol, according to the most recent reports shared with Finbold on Monday, December 30. The campaign runs from December 30, 2024, (10:00 AM UTC) to January 20, 2025, (10:00 AM UTC), and users will be able to compete for a share of 1,300,000 SOLV tokens by staking their Solana (SOL) tokens. 🎅🎄 bbSOL Maxi Rewards are HERE!#BybitWeb3 and @SolvProtocol are bringing you a chance to win a share of 1,300,000 SOLV! Stake $SOL, earn #bbSOL, and unlock exciting rewards! 🎁Start…
The mining difficulty of Bitcoin hit a new peak of 109.78 trillion, climbing 1.16% in Sunday’s latest adjustment. This represents a 24% increase over the past 90 days and a 52% rise during the last three months of the year. Meanwhile, Bitcoin’s hash rate also crossed the 800 EH/s threshold this month for the first time, signaling the network’s solid performance. Despite these indicators of a strong network, miners face challenges due to the halved block rewards and increased difficulty, which squeeze their profitability. Temporary Relief But Cost Pressures Mount for Bitcoin Miners CoinShares’ Q3 Bitcoin Mining Report highlights that…
Analyst and trader Kevin Svenson is leaning bullish on Bitcoin (BTC) days after the flagship crypto asset retraced by nearly 10%. Svenson tells his 80,700 YouTube subscribers that if Bitcoin stays above an ascending trendline that has lasted more than two weeks on the daily time frame, the crypto king could target a six-figure price next. “There’s a lot of demand for Bitcoin and if we hold this level [ascending trendline], I think that means we might just kind of settle up going into Thanksgiving. Maybe one more test down after Thanksgiving, maybe not. But ultimately we’re looking for the…
DataDance raises millions with Hash Global’s backing to shake up the world of decentralized data. DataDance, a layer-2 blockchain network focused on revolutionizing consumer data asset services, has secured a multi-million-dollar seed funding round led by blockchain giant Hash Global. This funding marks a significant step forward for DataDance, positioning it as a key player in the rapidly evolving decentralized data asset ecosystem and highlighting the growing demand for innovative solutions in blockchain-based data management. https://twitter.com/DataDanceChain/status/1873592389375582445 DataDance is dedicated to creating blockchain-powered tools for managing, analyzing, trading, and collecting data. By integrating Web2 resources with advanced AI capabilities, the platform…
In the first week of December 2024, crypto whales actively made significant moves, purchasing up a diverse range of altcoins. This buying spree reflects their growing confidence in these cryptocurrencies, likely fueled by favorable macroeconomic conditions or speculative opportunities. As these whale activities continue to shape the market, here are the top three altcoins they purchased this week. Worldcoin (WLD) Worldcoin leads the altcoins crypto whales purchased this week. According to IntoTheBlock, the WLD’s large holders’ netflow, which measures the difference between the number of tokens whales bought and sold, was negative on December 4. However, today, that figure has…
Fox Business reporter Charles Gasparino has escalated his feud with the XRP community. Gasparino, one of the most prominent financial reporters, recently stated that there is no “XRP army,” riling up the supporters of the fourth-largest cryptocurrency by market cap. According to the reporter, the community mainly consists of those who “bought the coin and made insiders rich.” Earlier this week, Gasparino also criticized the ruling issued by U.S. District Judge Analisa Torres in the Ripple case, describing it as “dumb.” He has also suggested that the SEC might not toss the Ripple lawsuit despite the incoming departure of Gary…
MoonPay, a crypto payment solutions provider, has officially received approval to operate under the European Union’s Markets in Crypto-Assets (MiCA) regulation, according to a Dec. 30 statement shared with CryptoSlate. The firm secured its license from the Netherlands’ Authority for the Financial Markets (AFM), and this milestone grants MoonPay the ability to offer services seamlessly across the European Economic Area (EEA). Ivan Soto-Wright, the CEO of MoonPay, sees this approval as a significant achievement. He said that it shows the company’s dedication to proactive regulatory engagement and its mission to bridge traditional finance with the crypto ecosystem. Soto-Wright also noted…
Bitcoin miners saw substantial shifts in their revenue during 2024, a pivotal year marked by the network’s fourth halving event. As bitcoin’s block reward dropped from 6.25 BTC to 3.125 BTC at block 840,000 in mid-April, the dynamics of mining profitability shifted dramatically, influencing revenue trends throughout the year. From Peaks to Valleys: The Dramatic Revenue Shifts for Bitcoin Miners in 2024 The year began on a strong note for bitcoin (BTC) miners. Metrics collected from theblock.co’s mining data shows January’s total mining revenue reached $1.35 billion, with block subsidies contributing $1.21 billion. February saw a modest rise to $1.39…