Author: NBTC

Larry Fink is a finance genius who runs the largest asset management company in the world, handling a mind-blowing $11.5 trillion. That’s more money than the GDPs of most countries. For years, Larry wasn’t interested in Bitcoin, and he wasn’t quiet about it. Back in 2018, he called it “an index of money laundering” and brushed it off as a passing fad. Fast forward to 2024, and now he’s not just singing a different tune — he’s leading the orchestra. But his sudden love affair with Bitcoin should terrify anyone who cares about what this cryptocurrency was originally meant to…

A recent attempt was made to break Ethereum’s psychological resistance of $4,000, a crucial level that is fundamental for the asset’s performance. Although Ethereum has been steadily rising since November, the asset’s short-term trajectory is called into question by this rejection at $4,000. The current price of ETH is about $3,915, which is just below the target of $4,000. A sound bullish structure with higher lows and higher highs is evident in the price action. Strong selling pressure, however, is indicated by the rejection at $4,000, which may cause a brief retracement before another upward move. The most important support…

MicroStrategy officially joined the Nasdaq 100 on Friday, cementing its place among an elite group of companies. Nasdaq announced the listing in a press release detailing the annual changes to the Nasdaq-100 index. MicroStrategy’s MSTR stock rose on news of the listing in after-hours trading 0.57% and is currently trading at $411.00, starting the day at $400.07, according to MarketWatch. For Bitcoin enthusiasts, this milestone is a moment of vindication, showcasing how far the cryptocurrency industry has come in gaining institutional recognition. HISTORY: MAJOR EXCHANGE NASDAQ ADDS MICROSTRATEGY TO TOP 100 STOCK INDEX ITS 1st #BITCOIN COMPANY 🔥 pic.twitter.com/vQihZu4DQ5 —…

Crypto YouTuber Coffeezilla has received a wave of abusive emails from angry Andrew Tate fans after he quizzed the alleged human trafficker on his sketchy crypto endorsements. Coffeezilla began receiving the messages just hours after attempting to enquire about a series of crypto projects Tate has promoted, including $VENOM, $DADDY, and the reportedly hacked $ROOST coin. He also asked Tate about his attempts to get his The Real World coin ($TRW) regulated by the Securities and Exchange Commission (SEC) despite him previously tweeting, “SEC come for me, there’s no SEC in Romania, we’re scammers.” This line of questioning clearly rubbed…

Microsoft’s shareholder vote on the Bitcoin investment proposal is approaching, but prediction market traders see only a small chance that it will pass. Polymarket bettors predict that Microsoft shareholders will not approve the Bitcoin investment proposal, estimating only a 11% likelihood of a favorable vote. The odds of approval initially peaked at 22% when the poll was launched, but have since declined. According to an October filing with the SEC, the highly anticipated vote will take place at 8:30 AM PS today, with the results expected to be announced soon after the conclusion of the meeting. Microsoft’s board of directors…

Ethereum (ETH) has seen a significant increase in its on-chain transaction fees. Ethereum’s gas fees have flipped a level last seen in April 2024. As per a post by IntoTheBlock on X, DeFi activity is responsible for this significant spike in gas fees. Key drivers behind Ethereum fee increase Ethereum’s weekly gas fees reached $67 million, representing a 17.9% increase. Despite the spike, this signals increased activity on the Ethereum blockchain. The update attributes this to an uptick in usage among decentralized finance platforms. Additionally, most altcoins experienced a huge drop in price when Bitcoin (BTC) dropped below the historic…

Florida’s Chief Financial Officer (CFO) Jimmy Patronis has announced an ambitious initiative to assess the viability of using gold and silver bullion as legal tender in the Sunshine State. Florida’s Golden Shield: Fighting Inflation and CBDCs With Precious Metals According to the state’s CFO, Jimmy Patronis, the study, led by the Florida Department of Financial Services (FLDFS), represents a significant step toward diversifying currency options and safeguarding Floridians from economic uncertainties, including inflation and potential central bank digital currency (CBDC) implementations. Currently limited to investment purposes, gold and silver bullion may soon expand their role in Florida’s economy. Patronis emphasized…

GraFun, a memecoin launchpad on the BNB Chain, has introduced GraFun Labs aimed at fostering growth in the meme ecosystem through partnerships with DWF Labs and Floki. GraFun Labs will assist new memecoin projects with a unique narrative through its Growth Program. Memecoin launchpad GraFun today releases its GraFun Labs division, a multi party initiative to support and grow the meme ecosystem on BNB Chain. The Labs partners include trading firm DWF Labs and the Floki, BNB Chain’s largest memecoin by market capitalization. The project will help small memecoins in community growth, brand, marketing, engagement and influencer marketing. “Memecoins have…

The crypto economy experienced a dramatic $1.5 billion in long liquidations, resulting in a 3,000-point drop before finding support at the critical 95,000 level, according to analysts at QCP Capital. Institutional Demand Rises: QCP Questions If Market Can Stay on the Sidelines The leading cryptocurrency, bitcoin (BTC), has since recovered, consolidating in the 97,000 to 98,000 range. This volatility has left altcoins trailing in performance, QCP Capital analysts explained in a note. Despite the turbulence, QCP noted strong momentum in the market for spot exchange-traded funds (ETFs). Bitcoin and ethereum (ETH) spot ETFs have recorded eight and 11 consecutive days…

Ethereum ETFs saw a significant $1.5 billion investment in December, reflecting increased institutional interest. Analysts believe the timing of these purchases may signal bullish expectations for Ethereum’s price. The surge in Ethereum ETF activity could have broader implications for the altcoin market, potentially triggering a ripple effect. Institutional interest in Ethereum ETFs has surged significantly in December, with approximately $1.5 billion worth of Ether purchased by these funds during the month. This great pile up has not escaped the attention of the market players and there are certain ideas among them regarding possible stimuli to form this phenomenon and its…