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.

Ethereum

$ETH Drives $231.82M in Liquidations as Total Market Losses Reach $1.59B in 24 Hours

By NBTC13/12/2024

$BTC, $ETH, and the overall cryptocurrency market saw $1.59B in liquidations in the last 24 hours, with Ethereum leading the pack at $231.82M. The high-pressure trading resulted in over 533,234 traders being wiped out, making it one of the most turbulent trading days. The liquidated Ethereum ($ETH) positions equated to roughly 61.64K ETH, highlighting its weaknesses in the massive market crash. LIQUIDATION DATA IN 24 HOURS TOTAL LIQUIDATIONS: UP TO $1.59B TOP 5 COINS WITH HIGHEST LIQUIDATION: $ETH ~ $231.82M… pic.twitter.com/G6eMqvgOI6 — PHOENIX – Crypto News & Analytics (@pnxgrp) December 10, 2024 $ETH, $BTC and $DOGE Suffer Significant Liquidations Ethereum…

Regulation

Swiss ETP issuer predicts another nation to adopt Bitcoin as reserve, Ethereum resurgence in 2025

By NBTC13/12/2024

Crypto provider 21Shares anticipates a transformative year for crypto in 2025, projecting Bitcoin’s continued rise, Ethereum’s revenue rebound, and the expansion of stablecoins. Crypto exchange-traded products are projected to reach $150 billion in assets under management by 2025, driven by increasing institutional interest, according to 21Shares’ latest research. The firm’s “2025 State of Crypto Market Outlook,” published on Dec. 9, identifies key factors driving this growth, including rising institutional demand, U.S. approvals of crypto ETPs, and favorable macroeconomic conditions. The outlook also predicts that more nation-states will adopt Bitcoin (BTC) as a reserve asset, with countries like Argentina likely to…

Altcoins

how to obtain ADA tokens on the Cardano testnet

By NBTC13/12/2024

In this article, we see how to obtain ADA tokens for free on the Cardano testnet and how to use this particular crypto resource. To do this, it will be necessary to install a decentralized wallet and get in touch with the faucets of the Cardano Foundation. Generally, testnet tokens are used to try out a new blockchain environment without risking losing real money, precisely by testing some functionalities. These coins can also be used to participate in free airdrops. Everything in the details below. What are crypto testnets and what are they used for? Cardano and crypto: how are…

Legal

Crypto Titans Use Old-School Dollars to Turn Tide in Congress

By NBTC13/12/2024

Here's the new political calculus for a U.S. congressional candidate: You nod to crypto and say you're on the pro-innovation side, and chances are, a million dollars (or more) could drop from the sky to pay for TV spots that highlight your strengths or pillory your opponent. In any of hundreds of lesser known districts of the House of Representatives, a few hundred thousand dollars tends to make or break a candidate. When the leading crypto-driven political action committee notices you, a massive influx of cash can pave your way straight to Congress. The Fairshake super PAC isn't subtle. It's…

Blockchain

Blockchain provider Fireblocks sets up office in Japan to support institutional adoption

By NBTC13/12/2024

As Japan signals its plans to become a leader in institutional blockchain adoption, Fireblocks opens a regional office in Tokyo to support the country’s expanding ecosystem. Crypto custody and blockchain infrastructure provider Fireblocks has opened a new office in Tokyo as part of its strategy to expand in the Asia-Pacific region, the firm said in a blog post. The move comes as Japan is seeing rapid growth in its crypto market, with projections indicating a 54% increase from 2024 to 2032, Fireblocks explained. Fireblocks’ head of APAC, Amy Zhang, says the Tokyo office will help Fireblocks to hire more staff…

Bitcoin

Bitcoin Shows Signs of Maturity with Reduced Volatility and Smaller Drawdowns

By NBTC13/12/2024

Recent analysis from on-chain data provider Glassnode reveals that the current Bitcoin market cycle is experiencing significantly lower average returns than previous cycles. Bitcoin’s performance in the ongoing cycle, which began after hitting bottom in November 2022, shows notable changes in return on investment (ROI) and market volatility, according to data shared by the on-chain analytics firm. The data compares the current cycle with the previous two bull markets, highlighting a transition in Bitcoin’s behavior as it matures into a larger, more stable asset class. Bitcoin Seeing Least ROI For example, from Bitcoin’s bottom in 2015 to the end of…

DeFi

Portal Joins Forces with Bitfinity to Bridge $BTC into the World of DeFi

By NBTC13/12/2024

Portal, the industry’s first custodyless cross-chain solution for Bitcoin, has partnered with Bitfinity Network, the next-gen Ethereum Virtual Machine (EVM) for Bitcoin. This newly formed partnership seeks to change how Bitcoin and other blockchains can easily connect to DeFi applications. As for now, Bitfinity combined its technology with Portal, a company that is trying to fill the gaps in the crypto sphere and increase the functionality of Bitcoin in the DeFi markets. Portal to Bitcoin is teaming up with @bitfinitynet to redefine blockchain interoperability. Combining Portal’s custodyless cross-chain infrastructure and Bitfinity’s EVM compatibility, this partnership paves the way for seamless…

Ethereum

BlackRock Ethereum ETF Climbs to Top 4 With Record Inflows

By NBTC13/12/2024

Yesterday, Dec. 10, BlackRock's Ethereum ETF (ETHA) made a big splash, landing in the top four ETF launches of 2024, according to Nate Geraci, President of the ETF Store. With a daily net inflow of around $81.6574 million, ETHA has seen consistent growth over the past 12 days, making it a key player in the highly competitive cryptocurrency landscape. Yesterday's data showed that total net inflows for spot Ethereum ETFs reached about $305.74 million. Of this, BlackRock's ETHA accounted for a big chunk of change - $81.65 million - while Fidelity's ETF (FETH) led the pack with $202 million. Make…

Regulation

Standard Chartered, Virtu Financial join new U.K. crypto derivatives platform

By NBTC13/12/2024

Standard Chartered, Virtu Financial, and ABN AMRO Clearing have been announced as strategic partners of Global Futures and Options Ltd. (GFO-X), a U.K.-based crypto derivatives platform. On Dec. 9, GFO-X announced that the three firms, alongside market maker IMC, are among the top financial industry players to join the U.K. regulated platform. GFO-X revealed the partnership via a press release, adding that the crypto-focused derivatives trading venue will officially launch in the first quarter of 2025. The platform has collaborated with the companies to meet the requirements for offering Bitcoin (BTC) index futures and options to institutional investors. The products…

Altcoins

Ripple CEO Says XRP Will Be One of Crypto Winners

By NBTC13/12/2024

Brad Garlinghouse, the CEO of Ripple, expresses confidence that XRP will be one of the crypto industry’s winners thanks to the token’s payment utility. The Ripple CEO made the assertion during an interview yesterday on the Thinking Crypto podcast. During the interview, Garlinghouse commented on different topics relating to XRP ETFs, Ripple’s upcoming stablecoins, and U.S. crypto regulations. SEC Gave ETH Edge Over XRP Through Its Involvement He emphasized that the United States government should not pick winners and losers in the crypto market. Garlinghouse said XRP was the second most valuable asset before the SEC’s involvement in crypto regulation.…