Author: NBTC

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…

An analyst who nailed Bitcoin’s pre-halving correction this year says BTC may have entered a market cycle phase where steep rallies are in sight. The analyst pseudonymously known as Rekt Capital tells his 100,000 YouTube subscribers that the act of Bitcoin breaking above the resistance zone that formed around the 2021 cycle high of just below the $70,000 price is “essentially the very first signal to kickstarting the parabolic phase.” “We see the analogous level like this across cycles. In 2020 and 2021 this was the level: $19,000, roughly speaking $20,000. That was the old all-time high resistance. Here in…

Cardano founder Charles Hoskinson humorously suggests Intel is dead following a supposed bullish call from CNBC Mad Money host Jim Cramer. After several famous wrong calls, including about Bear Stearns over a decade ago as well as Silicon Valley Bank and Signature Bank in the past year, CNBC’s Mad Money show host Jim Cramer has become a meme on X as critics believe he is wrong all the time. A problem with this infamy, however, is that his words can often be taken out of context for the sake of sensationalism, with critics quick to take the piss. Cardano founder…

Ripple’s long-anticipated stablecoin, Ripple USD (RLUSD), may face delays but could still launch before the end of 2024, according to a report by The Block. Ripple CTO David Schwartz shared his optimism about meeting the year-end target during a speech at The Block’s Emergence conference in Prague on Friday. “I’m still hopeful that we’ll launch by the end of the year,” Schwartz said, while noting that holiday schedules might create challenges for Ripple’s partners. The company announced its stablecoin initiative in April, planning initial launches on XRP Ledger and Ethereum. After beginning testing in August, Ripple secured partnerships with exchanges…

In its latest China financial stability report, the People’s Bank of China highlighted the strides Hong Kong has made in implementing crypto licensing despite widespread regulatory changes both internationally and in mainland China. Now, Hong Kong remains one of the more crypto-friendly cities, even as 51 nations have already banned cryptocurrencies. Hong Kong strengthens crypto regulations despite restrictions According to the People’s Bank of China, Hong Kong has made significant advancements in its regulation and licensing procedures. This progress comes despite mainland China’s continued restrictions on crypto trading and recent regulatory changes to the international framework for crypto assets introduced…

Crypto.com has inked a major deal with Dubai Islamic Bank, the largest Islamic bank in the United Arab Emirates. The crypto exchange revealed the collaboration via a press release on December 30, indicating it had entered into a memorandum of understanding with the bank. Per the Crypto.com announcement, the MoU with the Dubai Islamic Bank is a milestone that will see the crypto company expand its products and services to more users in the UAE. Notably, the expansion effort will tap into the DIB’s traction as a global pioneer in Islamic finance. Why does this partnership matter? Crypto.com plans to…

2024 was a pivotal year for Ethiopia as it generated around $1 billion in BTC mining profits due to its access to cheap, reliable, and renewable energy sources. Africa is a region producing fintech unicorns that provide the highly unbanked (and equally highly “smartphonized”) population and merchants with payment solutions. Companies like TymeBank, Moniepoint, and Opay have made hundreds of millions of dollars by creating and maintaining payment mobile apps and ground touchpoints. In conditions where banks are absent—80% of Africans don’t have bank cards—digital money solutions are filling the void, and cryptocurrency is one of the factors shaping the…