Author: NBTC

NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Exchanges

Crypto spot trading volume exploded 141% in November

By NBTC14/12/2024

Average crypto trading volume more than doubled across centralized exchanges like Binance, Kraken, and Coinbase in November. Following Donald Trump’s re-election, data revealed a significant surge in crypto spot and derivative trading volumes on several digital asset platforms. South Korea’s Upbit emerged as last month’s top performer, with a 386% increase in crypto spot trading volume. BitMart and Bitfinex also saw substantial growth, recording increases of 242% and 218%, respectively. Binance’s trading volume grew by 131%, reaching nearly $1 trillion in November, while Coinbase nearly tripled its spot trading numbers with a 189% spike in user activity. Website traffic further…

Bitcoin

Bitcoin’s $100K Breakout Pause Likely Due to Liquidity Factors and Nvidia's Stalled Rally

By NBTC14/12/2024

For the third week, bitcoin (BTC) remains locked in a price range between $90,000 and $100,000, punctuated only by Dec. 5's short-lived rise into six figures. This indecisive price action might have left traders feeling uninspired, with two key reasons holding back the upside. First, the influx of liquidity into the crypto market through channels like spot exchange-traded funds (ETFs) has significantly slowed, taking the wind out of the bullish momentum. The weekly rate of change in the so-called market liquidity impulse index, which tracks stablecoin mints, inflows into BTC ETFs and changes in futures market parameters, has more than…

Exchanges

Meme coins FWOG, GOAT, and SPX debut on Kraken

By NBTC14/12/2024

Kraken crypto exchange has officially opened trading for Solana-based meme coins FWOG and GOAT. Kraken, one of the largest U.S.-based crypto exchanges, has listed Solana native meme coin tokens FWOG (FWOG), GOAT (GOAT), and SPX (SPX) for spot trading, expanding its crypto array for users. The platform had previously added FWOG, GOAT, and SPX to its listing roadmap last week, intending to finalize trading support for the meme coins on Wednesday, Dec. 11. FWOG, GOAT, and SPX recorded gains on the day. However, a meme market-wide rise at press time was the likely cause, and price surges may be unrelated…

Bitcoin

Here’s What Could Confirm a Market Cycle Top for Bitcoin, According to Analyst Benjamin Cowen

By NBTC14/12/2024

Crypto analyst Benjamin Cowen says there’s one indicator that could signal the end of the Bitcoin (BTC) bull market in the future. In a new strategy session, Cowen takes a look at the MVRV Z-score, which compares the market cap of BTC to the value of each coin the last time it was moved to gauge whether Bitcoin is undervalued, overvalued, or at fair value. Cowen notes that in the past, market cycle tops have occurred when the MVRV Z-Score hits a certain range. “Historically, market cycle tops for Bitcoin have corresponded to an MVRV Z-Score somewhere between seven to…

Altcoins

io.net Partners with ParallelAI to Boost Decentralized Computing for Generative AI

By NBTC13/12/2024

In a new partnership, decentralized GPU compute network, io.net has announced its collaboration with ParallelAI, a leader in parallel processing optimization for AI developers. This partnership will enable ParallelAI to integrate io.net’s decentralized GPU clusters into its platform, enhancing the computing capacity required for large-scale AI tasks. GPU Resources Expansion for AI Developers ParallelAI currently accesses GPU resources through 10 Cloud, utilizing A100 GPUs for complex tasks like large language model (LLM) training, inference, and distributed deep learning. Without traditional infrastructure constraints, ParallelAI can scale its services and better meet AI developers’ demands. This partnership is set to expand the…

GameFi

CoinRank Partners with Don’t FOMO for Next-Gen Blockchain & Web3 Gaming

By NBTC13/12/2024

CoinRank, a renowned blockchain and cryptocurrency intelligence source, is thrilled to unveil a new collaboration with Don’t FOMO, a gaming project embedded in the Matchain ecosystem. This partnership is expected to expand the concept of blockchain-generated games and provide gamers around the globe with distinct Web3 entertainment worlds. 🚀🎮 Excited to announce our strategic partnership with @TheRealDontFOMO! As an innovative gaming project in the Matchain ecosystem, Don't FOMO brings unique blockchain gaming experiences to players. ⚡️ Let's explore the limitless possibilities of Web3 gaming together! 🌟… pic.twitter.com/l3ZiP65LKj — CoinRank (@CoinRank_io) December 12, 2024 A Bold Step into GameFi It is…

Exchanges

Bitrue Temporarily Halts XDC Trading Amid Significant Demand and Depleted Supply

By NBTC13/12/2024

With a 210% gain in the last 30 days, XDC price skyrocketed to $0.102. This decision followed the exchange running out of XDC supply, unable to meet a flood of buy orders. Due to a shocking demand, Bitrue, a prominent cryptocurrency exchange, has temporarily stopped trading for XDC token pairings. This decision followed the exchange running out of XDC supply, unable to meet a flood of previously unheard-of buy orders. With a 20% increase in the last day, XDC Network (XDC) is the lead gainer, garnering investors attention. With a 210% gain in the last 30 days, XDC price skyrocketed…

Bitcoin

Bitcoin Price Holds Support: Ready to Spring Back?

By NBTC13/12/2024

Bitcoin price remained supported above the $94,200 zone. BTC is forming a base and might start a fresh increase above the $98,000 resistance. Bitcoin started a fresh decline below the $98,000 support zone. The price is trading below $97,500 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $97,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could regain momentum if it closes above the $98,000 resistance zone. Bitcoin Price Stays Above Support Bitcoin price extended losses below the $98,000 support zone. There was a…

Altcoins

Staking and Self-Service as Key Drivers of LINK Network’s Evolution

By NBTC13/12/2024

Chainlink is advancing, but top developers hint at ways it can improve. For Chainlink to transition into a full protocol, it needs self-service and staking to conform to existing rules. Leading decentralized Oracle platform Chainlink (LINK) is constantly undergoing ecosystem development to revolutionize the network. A crypto community member with the username @ari_kiry on X has highlighted self-service and staking as key drivers to Chainlink’s evolution. Chainlink’s Transition Journey Into A Protocol @ari_kiry spotlighted a video presentation from Stakedotlink Founder Jonny Huxtable, in which he discussed the possibilities of using self-service to drive evolution in Chainlink. This function highlights how…

GameFi

Building the Future of GameFi with AI-Powered Innovation

By NBTC13/12/2024

In the latest news about the future of blockchain and Web3, GT Protocol revealed a significant collaboration with Funton.ai. This has the potential to reshape the decentralized ecosystems to support GameFi on blockchain and AI technology advancement. 🎮 GT Protocol x https://t.co/g7CSBJsnmF Partnership! 🤝 We’re excited to partner with @funton_ai, a modular multi-game platform on the TON & Kaia network, pioneering a decentralized GameFi ecosystem powered by blockchain and AI. Together, we’re unlocking new possibilities in… pic.twitter.com/Vvf9Y2igxD — GT Protocol (@GT_Protocol) December 12, 2024 A Visionary Partnership GT Protocol, one of the pioneers of Web 3.0 AI execution protocols, has…