Author: NBTC

The price of Bitcoin (BTC), the leading cryptocurrency by market cap, has plunged by more than 10% since former MicroStrategy CEO Michael Saylor posted a bizarre picture of him riding a Bitcoin surfboard in a business suit. The price of the largest cryptocurrency recently collapsed all the way to $53,661. Earlier today, the price of the leading cryptocurrency briefly came close to the $57,000 level following a US jobs report that managed to alleviate recession concerns. However, Bitcoin then erased its short-lived gains and dropped sharply lower in tandem with US stocks. Saylor, whose firm holds a total of $12.1…

MicroStrategy’s trading volume reached 17.65% of Nvidia’s in October, despite its market cap being only 1.5% of the chip giant. MicroStrategy is just 8% away from reaching a $50 billion market cap valuation. Disclosure: The author of this story owns shares in MicroStrategy (MSTR). Bitcoin {{BTC}]-holder MicroStrategy’s (MSTR) soaring stock is driving up trading volumes relative to AI-proxy Nvidia (NVDA), one of the biggest companies by market cap, reflecting heightened investor enthusiasm. MSTR has surged over 240% this year, with prices doubling to $236 in the past five weeks alone, according to data source TradingView. That’s the highest level for…

Analytics from the XRP Ledger (XRPL) reveal that just 50 wallets are responsible for a substantial number of transactions over two weeks. Dr. Artur Kirjakulov, co-founder and CEO of XPMarket, shared the XRP latest news based on an analysis of transactions from Sept. 1 to 15, which totaled over 25.7 million. The data, pulled from Kirjakulov’s analytics work, indicate that wallet activity on the XRPL is highly concentrated, with a few wallets dominating transaction volumes. For context, the XRPL boasts 5.319 million total wallets, with over 70K created over the last two months. I keep working on my #XRPL data…

Three of the newest members of BRICS—Argentina, the UAE, and Ethiopia—have begun mining Bitcoin using government resources, according to Matthew Sigel, Head of Digital Assets Research at investment firm VanEck. This move highlights an emerging trend among BRICS nations toward exploring digital assets for economic resilience and financial independence. The BRICS coalition, which now includes six additional nations, has a combined GDP larger than that of the G7, according to Sigel in an interview with CNBC. Recent developments suggest a shift away from traditional Western financial systems. Three of the six new members of BRICS – 🇦🇪 UAE, 🇦🇷 Argentina…

Plastichero, an environmental firm using blockchain technology to address plastic waste management, is expanding into the Middle East. The firm has appointed Bruce Jeong, a Middle East expert, as its new Chair, effective November 1, 2024. Plastichero plans to use this opportunity and Jeong’s appointment to grow its presence in the Middle East. The company will rely on Jeong’s strategic insights and experience to achieve its regional goals. Jeong’s experience in the UAE and the Gulf Cooperation Council (GCC) will be crucial for Plastichero’s expansion. Plastichero’s AI-Powered Recycling and Blockchain Platform Plastichero has outlined its AI-powered vision for plastic recycling…

On September 7, 2024, Bitcoin and other major cryptocurrencies experienced a significant price decline and have been continuously falling. Amid this market downturn, a crypto expert recently shared a post on X (formerly Twitter) highlighting how market corrections often occur in September before prices skyrocket in October. In a post on X expert noted, “You don’t get a good October without a bad September.” Best Time to Buy Bitcoin, Report CoinGlass’s Bitcoin Monthly returns show that September is a bearish month where BTC experienced a massive price drop or correction before a significant price surge in October. In the last…

The Wall Street titan allegedly custodying Tether’s T-bills is reportedly being considered for chief of staff under a second Donald Trump administration, which could spell trouble for Tether’s stablecoin rival Circle. On October 22, Politico reported on the names being considered for chief of staff should Trump lumber into the White House in January for his second term as U.S. president. Among the names being bandied about is Howard Lutnick, co-chair of Trump’s transition team and chairman/CEO of financial services firm Cantor Fitzgerald (NASDAQ: ZCFITX). While Lutnick is reportedly a longshot candidate for the role, the article prompted a second…

This is a segment from the Empire newsletter. To read full editions, subscribe. Are we really about to see the takeoff of GameFi? It might be slightly too early to tell — though I hosted an hour-long X Spaces the other week that ended up primarily focusing on gaming — but I gotta say it looks far more promising this cycle when compared to the last time around. We’ve previously written about Off the Grid, but I want to zoom out and look at GameFi as a whole. Right now, the sector is facing a “pivotal phase of expansion,” according…

A solo Bitcoin block was recently mined for the first time in over a decade, according to FutureBit founder John Stefanopoulos. A single user managed to find a Bitcoin block with their own hardware. “This is the first solo block in over a decade to be found on a single device, running a full node, and submitting that block anonymously and independently with no third parties,” Stefanopoulos said. The block was found on an Apollo II full-node device that was running the user’s own independent node and solo stratum server. During Bitcoin’s earliest days, it was possible to produce blocks…

Athene Network has partnered with TaskOn, a decentralized collaboration platform, to offer users an adventurous experience with exciting quests. As a Layer 2 solution based on Ethereum, Athene Network is designed to improve dApp scalability and transaction rates, making it ideal for high-performance blockchain partnerships. TaskOn disclosed this strategic partnership through its official X account highlighting the benefits for the Web3 community. We’re excited to partner with @Athene_Network, a Layer 2 solution built on Ethereum, designed to enhance scalability and transaction efficiency for decentralized applications (dApps).There will be numerous opportunities await both newcomers and the Athene Network community to… pic.twitter.com/tGEWdWyDLV…