Author: NBTC

Bitcoin’s recent $100k milestone has many speculating about the timing. While Q4 is generally a bullish quarter, the surge in Bitcoin’s price reportedly came on the back of increased institutional demand and strong buying activity from the US. Buying pressure coincides with the holiday season, which may enhance market euphoria due to the “Holiday Effect.” Will the phenomenon intensify BTC price before 2024 ends? Bitcoin could hit another record high before year-end Bitcoin price surpassed $100k on December 4 for the first time, leading to celebrations within the crypto community. Bitcoin maintained the range before dropping under the crucial level…

India’s cryptocurrency market is rapidly evolving, with smaller cities and towns stepping up as active players in the digital assets space. A recent report by CoinSwitch says tier-2 and tier-3 cities like Botad, Jalandhar, Patna, Kanchipuram, and Dehradun are becoming increasingly active in the country’s crypto ecosystem. This marks a significant shift from the earlier dominance of major metropolitan areas like Delhi, Mumbai, and Bengaluru. This wave of growth is primarily driven by younger investors, many of whom are under 35, looking to diversify their portfolios with cryptocurrencies. The country now boasts over 2 crore crypto users, with a majority…

Shibarium is a layer 2 solution that aims to increase transaction speed and lower costs in the Shiba Inu ecosystem. The low scalability of the Ethereum network and costly gas fees have prevented the Shiboshi NFT Project, the Shib Metaverse, DEX features, and Shiba Inu games from ever reaching their full potential. Key highlights: Since launching in August 2023, Shibarium has handled 600 million transactions and surpassed 2 million addresses. By November 2024, the number of accounts topped 200,000. Shibarium processes transactions off-chain, reducing fees to as low as $0.01 compared to Ethereum’s $20+. This makes transactions faster and more…

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote financial innovation while regulating the usage of crypto assets. The central bank governor shared the key update at the BAM council’s final meeting for 2024 with the crypto regulation aligning with G20 recommendations and addressing the risks linked with crypto assets. According to the governor,…

Bitcoin (BTC) continues its historic climb, trading at $103,232 and boasting a market capitalization of $2.039 trillion, a milestone that cements its place as the seventh most valuable asset globally. This surge places its market cap at approximately 11.34% of gold’s $17.972 trillion valuation, highlighting its growing influence in the financial ecosystem. Bitcoin Soars to $103.6K: A New Era in Digital Finance On Dec. 4, 2024, bitcoin (BTC) crossed the $100,000 mark for the first time, an event that has reignited discussions about its long-term potential. With a market cap just below Google’s $2.143 trillion, BTC’s upward trajectory reflects increasing…

Ethereum briefly surpassed $4K but retraced to prior lows. Clearing the $4.1K resistance could open the path to $6K for ETH, according to an analyst. As December reaches midweek, the crypto market has shed 3.06% in market cap over the last 24 hours. Bitcoin price has edged up to $109K in the early hours and dipped steadily to $104K. The largest altcoin, Ethereum (ETH), followed BTC’s footsteps and failed to settle above the $4K zone. The altcoin is correcting its gains and might struggle to stay above the $3,865 support zone. ETH has formed a high of $4,029, while the…

Swiss cryptocurrency custody specialist Taurus is collaborating with Temenos, a firm that provides core banking software to many of the world’s largest financial institutions, allowing those banks to quickly and easily create crypto wallets and transfer a wide range of digital assets. This collaboration is important as the Geneva-headquartered Temenos is quite big: the firm has 67 offices in 40 countries and serves over 3000 banks and financial institutions. Taurus, whose crypto custody clients include the likes of Deutsche Bank and State Street, says it is the first digital asset custody platform to fully integrate with Temenos. The integration means…

Blockchain AI company imgnAI has launched NAIFU, a new meme coin tied to its virtual AI companion, Naifu. Introduced on the Base network, NAIFU is exclusively paired with imgnAI’s native token, IMGNAI, according to a press release shared with crypto.news. Naifu, powered by advanced large language and multimodal models, offers real-time interactions and creative customization. Users can generate custom images, reply to tweets with live data, and explore unfiltered conversations through Naifu’s capabilities. Her functionality includes premium subscription features like unlimited messaging and interactions. You might also like: XRP price slowly forms a bullish pattern: can Ripple hit $5 Interacting…

Pro-XRP lawyer John Deaton commends Cardano founder Charles Hoskinson for making solo efforts to end the longstanding tribalism in the crypto industry. Hoskinson has continued to engage top industry stakeholders as part of his efforts to foster collaboration within the industry. Hoskinson Discusses with Flare Network Team According to an X post yesterday, the Cardano founder revealed he had a great call with the team behind Flare Networks, an EVM-compatible smart contract platform. In addition, he commended the Flare team, describing its members as ‘really smart guys.’ Responding, Flare founder Hugo Philion thanked Hoskinson for spending time engaging with the…

Bitcoin’s (BTC) historic rally above $100,000 hit a roadblock on Dec. 5 as the flagship crypto fell back into five-figure territory, leaving a trail of liquidations across the market. BTC gave up almost all of the 24-hour gains that took it to a new all-time high of $103,679. It fell to a low of roughly $90,300 for the day before attempting a recovery. Bitcoin was trading at $95,500 as of press time amid heavy volatility, based on CryptoSlate data. Liquidations Roughly $885.61 million in leveraged positions were liquidated in the past 24 hours, impacting 202,956 traders worldwide. Bitcoin accounted for…