Author: NBTC
The Cardano (ADA) network has seen significant growth in its activity, which recently saw it top the 50,000 daily active addresses mark at a time in which the price of the cryptocurrency has been enduring a significant downturn. The number of daily active addresses on Cardano surged to 50,828 earlier this week according to data from on-chain analytics firm Santiment first shared by popular cryptocurrency analyst Ali Martinez on the microblogging platform X. Ali Martinez on X As reported, whales on the Cardano network have recently been accumulating the cryptocurrency, having acquired over 100 million ADA tokens in around two…
The US SEC has announced the creation of a dedicated crypto task force, led by Commissioner Hester Peirce, to provide a strong and transparent regulatory framework for digital assets. This initiative reflects the SEC’s shift toward proactive policymaking to address the rapidly evolving crypto industry. A Strategic Step Toward Regulatory Clarity The crypto task force will focus on resolving long-standing ambiguities in the regulatory treatment of digital assets. Historically, the SEC has largely relied on enforcement actions, often retroactively applied, to address issues in the crypto sector. These actions have drawn criticism for creating confusion among industry participants and stifling…
The DePIN revolution is coming to a fast food franchise near you. The movement that started with Helium and has spread to numerous categories, including mapping and car data, this year is now spreading to hospitality. The initiative shows how quickly DePINs – or decentralized networks of physical infrastructure – are becoming mainstream. The fast food and hospitality industry, often associated with consistency and efficiency, is quietly upgrading as decentralized technologies make their way into the mainstream. The adoption of DePIN by major franchises like Taco Bell and KFC signals a shift in how these businesses operate and engage with…
Bitcoin surpassed $100,000 in the last 24 hours. However, this was short-lived and BTC fell back to $99,000. While the US inflation data announced yesterday was shown as the reason for the rise in Bitcoin, analysts said they expect the BTC price to rise further as Trump’s inauguration ceremony approaches. US President-elect Donald Trump’s upcoming inauguration sets the stage for strong gains in both stocks and cryptocurrencies, according to 21Shares crypto analyst Matt Mena. Mena emphasized that falling inflation and pro-growth policy expectations create a favorable environment for new highs in cryptocurrencies. “December inflation data suggests the last major macroeconomic…
Solana now processes an average of 60 million daily transactions compared to Ethereum’s 1 million, proving that scalability matters more than reputation in today’s blockchain wars. Is Ethereum dead? Table of Contents Ethereum’s fight for relevance The Ethereum Foundation’s identity crisis The Second Foundation: A competing vision for Ethereum’s future? Prominent figures take aim at Ethereum’s path forward Community and developers turn their back on Ethereum Ethereum’s fight for relevance From being celebrated as a pioneer in smart contracts to now facing relentless competition and internal discord, Ethereum’s (ETH) journey has started to look less like a steady climb and…
Crypto migration in Korea increased 2.3x in 2024 compared to 2023. Vague regulation in Korea is weakening its competitiveness in the crypto and Web3 space. From being a niche industry limited to tech enthusiasts to becoming a trillion dollar industry with widespread adoption across the globe, the crypto industry witnessed massive growth over the years. Despite the growing adoption of cryptocurrencies, global countries have not yet formed clear regulatory policies for the industry. South Korea is one of those countries with a lack of crypto regulation but it gained popularity as one of the largest crypto markets in the world.…
The UK’s Financial Conduct Authority(FCA) faces growing calls for overhaul as criticisms over incompetence, dishonesty, lack of transparency, unaccountability, and lacklusterness mount. FCA is one-half of the UK’s twin peak regulators, complimented by the Prudential Regulation Authority. A parliamentary report accusing the regulator of uninspiring behavior has heavily criticized it. FCA has admitted that it inappropriately delayed the public’s freedom of information requests, confirming the parliamentary accusations. The criticism extends beyond parliament. Independent reviews have previously faulted the FCA for its handling of collapsed firms. Some of those firms include London Capital & Finance and the Connaught Income Fund. Former…
Band Protocol has selected Router Protocol as the first Data Tunnel provider for the upcoming Band v3 upgrade. The Data Tunnel is one of the three main components of Band v3, which aims to broadcast the accumulated price data from BandChain to other blockchains and smart contract platforms. This mechanism improves cross-chain communication and allows developers to easily access real-time decentralized asset prices. We’re thrilled to announce @routerprotocol as the first Data Tunnel provider for Band v3! This collaboration is set to revolutionize how price data flows across blockchains and the Web3 Ecosystem.👉 Full Announcement: https://t.co/HGoNheQrbE pic.twitter.com/qEQfYpwkWx — Band Protocol…
With the Bitcoin price back above $100,000, there have been discussions about what could mark the cycle top for the flagship crypto. Crypto analyst Tony Severino has provided some insights on this, revealing around what price target the market top could be considered. Potential Cycle Top For The Bitcoin Price In an X post, Tony Severino suggested that the cycle top for the Bitcoin price could be around $170,000. This came as he noted that a 90% surge could take the flagship crypto to this price level. He added that it is at this level that the cycle tops can…
Institutional interest in Ethereum (ETH), the second cryptocurrency by market cap, may be heating up again, according to a recent tweet by on-chain analytics platform Spot On Chain. Five wallets suspected of belonging to the same entity made significant movements within 19 hours, depositing $29.2 million in USDT to HTX (previously Huobi) and withdrawing 9,018 ETH at an average price of nearly $3,237.50 during the recent market drop. More institutions are accumulating $ETH!In the past 19 hours, 5 wallets (likely one entity) deposited 29.2M $USDT to #HTX and withdrew 9,018 $ETH at ~$3,237.5 during the dip.Interestingly, these wallets withdrew the…