Author: NBTC
On November 6, CNBC’s MacKenzie Sigalos spoke with Michael Bucella, Co-Founde and Managing Partner at crypto-focused investment firm Neoclassic Capital, on CNBC’s “Power Lunch” to discuss how the crypto market could be impacted by the incoming Trump administration. Bucella explains that Donald Trump, who was initially not supportive of the crypto sector, has recently adopted a much friendlier stance. Over the past six months, Trump has pivoted, making several promises that appeal to crypto advocates. One of Trump’s prominent pledges involves removing SEC Chair Gary Gensler from his position, which Bucella believes could create a more favorable regulatory environment for…
In a set of interesting transactions, a smart cryptocurrency whale has been able to make an $8 million profit by using the $WIF token in several trades. Lookonchain, a blockchain analytics firm, captured the whale’s moves to understand better how the whale is operating given the current fluctuations in the market to make massive profits. A smart whale withdrew 6.9M $WIF($15.87M) from #Binance 10 hours ago.This whale previously bought 9.8M $WIF($15.05M) at $1.53 from Aug 30 to Sept 2 and sold all 9.8M $WIF($23.06M) at $2.35 on Sept 29, making a profit of $8M!https://t.co/4bnfADPRB8 pic.twitter.com/2C6u2l79DV — Lookonchain (@lookonchain) November 9,…
I know, it’s a big statement, but really, the more I think about it, the more I’m convinced – looking back, 2024 will be remembered as the defining year for Bitcoin, the year Bitcoin transformed from magic internet money into a real institutional investment and financial asset. The evidence is overwhelming: – Pension funds and university endowments allocated to Bitcoin.- The long wait for a US Bitcoin ETF ended.- Wall Street giants like BlackRock bought.- Larry Fink changed his tune on Bitcoin. But most of all, a leading U.S. presidential candidate said he would make Bitcoin a monetary reserve asset.…
The Bank of England (BoE) lowered its key interest rates to 4.75% from 5% on November 7, marking its second rate cut this year as UK inflation dropped to 1.7% in September, falling below the central bank’s 2% target. The rate reduction comes after the BoE decided to hold its interest rate steady in September, following an August cut that brought the rate to 5%. The September pause was intended to assess the impact of previous rate reductions while ensuring inflation remained under control. British inflation declined sharply from 2.2% to a three-year low of 1.7% in September, dropping below…
The Cosmos ecosystem has recorded impressive staked token values, with $TIA emerging as the leader. TIA’s staked tokens amount to a significant $3.9 billion, marking it as the highest staked value within the Cosmos projects. This strong position reflects investor confidence in $TIA, highlighting its relevance in the expanding Cosmos network. The staking ratio of $TIA is also noteworthy, standing at 67.2%, signaling a high level of engagement and commitment from its holders. TOP #COSMOS PROJECTS BY TOTAL VALUE OF STAKED TOKENS$TIA $SEI $SAGA $INJ $CRO $ATOM $DYM $FET $OM $AXL $ZETA $AKT $DYDX $LUNA $OSMO pic.twitter.com/oQJ0lqi2eX — PHOENIX –…
Gold is on fire. Investor FOMO—fear of missing out—has pushed global demand for the precious metal past $100 billion in the third quarter, a historic peak. At the same time, Bitcoin has managed to stage a remarkable Uptober comeback during the last days of the month. This rally reflects a major shift among investors who see gold and Bitcoin as safe bets amid economic unrest. In fact, global gold demand rose 5% to 1,313 tonnes, and the price shot up 34% this year alone, reaching a record $2,788 per troy ounce. Investors—big and small—are diving into gold, while Bitcoin continues…
Though barely a day old, Donald Trump’s victory in the 2024 U.S. presidential elections has already had a massive impact. Since the Republican is widely seen as pro-business and against government spending and debt, investors reacted ecstatically to his victory, with the stock market adding more than $1 trillion within a single session. The cryptocurrency market was no slouch either. It saw its total market capitalization valuation rocket $330 billion within approximately 24 hours from $2.19 trillion to $2.52 trillion – a 15% rise. – per CMC data retrieved on November 7. One of the big reasons for Trump’s positive…
The Sui network is one of the blockchains that have demonstrated impressive growth in various main aspects of their operations. Its performance so far has been characterized by new milestones and one of the latest involves the USDC stablecoin. Sui revealed that USDC operating natively on its network surpassed $100 million. Even more impressive is that the stablecoin has achieved the milestone less than 8 weeks after it made its debut on the network. 💥 Today, Sui officially crossed $100,000,000 in native USDC – less than two months since launching! 🎉🕶️ DeFi on Sui isn’t slowing down!Data from @usdc_cool pic.twitter.com/P3Ou49lmy4…
The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…
Erik Voorhees, the ShapeShift CEO and the founder of the Venice.AI project, has addressed the cryptocurrency community to hint that he expects the Bitcoin to surge in all aspects soon, including the price. He stressed the key feature of Bitcoin, underscoring the fact that it is likely to play a key role now as the demand for BTC is going up fast. Voorhees’s message: Bitcoin will surpass gold, USD, oil Erik Voorhees, being an OG Bitcoin supporter and its early investor, published a tweet about Bitcoin, hinting, similarly to other Bitcoin proponents, the high potential BTC has in surpassing all…