Author: NBTC

Developing nations are increasingly exploring Bitcoin integration, driven by the increasing popularity and importance of the cryptocurrency to the global financial system. On November 1, David Bailey, CEO of Bitcoin Magazine, revealed that several countries are quietly advancing towards Bitcoin adoption. Developing Nations Prepare for Bitcoin Adoption Through State-Funded Mining Projects Bailey highlighted this “behind-the-scenes” movement on X (formerly Twitter), where he pointed out that many developing countries are conducting energy-intensive pilot projects to adopt Bitcoin. He mentioned that these nations are funding domestic mining initiatives, transitioning from pilot projects exceeding 100 megawatts to larger efforts reaching gigawatt scales. According…

Ellipsis Labs, the core developer of the Solana decentralized exchange platform Phoenix, has secured $21 million in funding led by venture capital firm Haun Ventures. According to Ellipsis Labs’ the funding round will allow the platform to accelerate the development of Atlas, a verifiable finance blockchain. The purpose-built blockchain is Ellipsis Labs’ new project following the successful launch of its on-chain orderbook, Phoenix, on Solana (SOL). Read more: Coinbase’s L2 Base welcomes Franklin Templeton’s tokenized fund Phoenix is a key decentralized finance infrastructure contributing to Solana’s growth. With this funding, Ellipsis Labs aims to bring Atlas to the next level…

Media personality Ben “BitBoy” Armstrong has recently sparked conversation in the crypto community by identifying XRP among altcoins he believes are set to “rip” soon. He took to X earlier today to express his view that the altcoin market is gathering momentum for a significant upsurge in the near term. This outlook comes amid the unimpressive price action of altcoins last week. While Bitcoin successfully recaptured the $60K range and defended it for at least two days, prominent altcoins failed to benefit significantly from this momentum. For instance, Ethereum only rallied up to $2,460 when Bitcoin re-entered $60K, which is…

A veteran crypto strategist is issuing a dire warning on Bitcoin, saying that BTC is in danger of plummeting to the $50,000 price level. In a new video update, pseudonymous analyst DonAlt tells his 62,500 YouTube subscribers that a Bitcoin weekly close below $70,000 opens the door for another round of cascading liquidations for BTC. DonAlt believes that Bitcoin’s recent climb above $70,000 is driven by paper-handed traders looking to make a quick buck in the event of a Trump victory. But the analyst warns that their positions will likely be liquidated if BTC struggles to sustain its rally. “I…

Tether increased its Bitcoin and precious metals holdings in Q3 2024, bringing them to $4.8 billion and $5 billion, respectively, according to its latest Consolidated Financials Figures and Reserves Report. The stablecoin issuer also significantly boosted its US Treasury Holdings to $102.5 billion, the largest portion of its reserves. Building on a strong financial foundation, Tether’s net equity rose to $14.2 billion, doubling from $7 billion at the end of 2023. This quarter, Tether’s USDT in circulation reached an all-time high of nearly $120 billion, driven by rising global demand. With a 30% increase in 2024, adding $27.8 billion year-to-date,…

BONK partners with Borussia Dortmund to bring web3 technology and exclusive fan experiences to the 2024-2025 Bundesliga season. BONK’s collaboration with Borussia Dortmund merges cryptocurrency and football, enhancing fan engagement through web3 innovations. BONK has announced a ground-breaking partnership with Borussia Dortmund, one of Germany’s top football clubs. This cooperation, scheduled to take place during the 2024-2025 Bundesliga season, promises to improve the fan experience by combining BONK’s web3 technology with the dynamic energy of football. No big deal BONK in a legendary place❗️❗️❗️ The Dog loves to see it You will too👇https://t.co/7yYvwUdqHq pic.twitter.com/4f3gIVC6hN — BONK!!! (@bonk_inu) September 10, 2024…

Bitcoin (BTC) has fallen below its realized price—a crucial metric indicating the average purchase cost of all circulating coins. This dip has weakened hopes for a quick rebound to the $72,000 level, as breaking below the realized price typically indicates mounting selling pressure. With Bitcoin’s price currently at $68,608, continued trading below this key threshold could suggest a prolonged bearish trend. But how low can BTC go? Bitcoin’s On-Chain Support Becomes Weak, Whales Sell On October 20, BTC fell below the realized price, and within three days, the cryptocurrency’s value declined from $69,022 to $66,611. Later, on October 28, the…

USDC & Trump is again in the news. Within the cryptocurrency market, a trader under the username “BetTom42” has invested $3.4M worth of USD Coin (USDC) in the last 3 days, predicting the victory of former President Donald Trump in the 2024 US Presidential election. Such high-value fund movement from popular trading platforms like Kraken and Binance to a Polymarket wallet indicates high confidence in Trump’s political future. Whale”BetTom42″ withdrew another 2.4M $USDC from #Kraken today to bet on #Trump winning the US election.This whale has spent 3.4M $USDC betting on #Trump winning the US election in the past 3…

Shiba Inu content marketer Lucie addresses concerns about SHIB’s circulating supply, recommending how the community can reduce it in a big way. Several Shiba Inu investors have continued to attribute Shiba Inu’s underperformance to the token’s hefty supply. Enthusiast Highlights Shiba Inu Supply as SHIB Disadvantage Donald Xavier, a Shiba Inu enthusiast, echoed this sentiment during an exchange with the ecosystem’s content marketer, Lucie. The discussion started with Lucie announcing a major update for Puppynet, the testnet version of Shibarium. As reported earlier, the update, which took place on Friday at 02:30 ET, introduced major features like enhanced block propagation…

Recently Bitcoin’s market dominance reached 60%, indicating a major change in market dynamics and a reversal of trends that have shaped the industry for years. Bitcoin has once again taken the lead after a protracted altcoin season, during which investors had a more optimistic view of ALT’s than of Bitcoin. This has happened at a time when altcoins keep losing value on their BTC pairs even though the price of Bitcoin has increased in USD terms mostly due to its own upward movement. It wasn’t an easy road to get to this 60 percent dominance level because Bitcoin encountered several…