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.

Solana (SOL) Sees a 17% Price Surge Amid Major Whale Activity

AltcoinsDec 1

Solana (SOL) has experienced a remarkable 17% price surge over the past week, driven by substantial activity from large holders, commonly referred to as “whales.” On-chain data reveals that in the last three days, a fresh wallet has withdrawn 150,011 SOL tokens, equivalent to $26.25 million, from Binance. The whale then proceeded to stake these tokens, adding fuel to the growing market interest surrounding Solana’s blockchain ecosystem. The price of $SOL has increased by 17% in the past week! In the past 3 days, a fresh wallet withdrew 150,011 $SOL($26.25M) from #Binance and staked.https://t.co/rv6d81subg pic.twitter.com/xv0rdY4fcK — Lookonchain (@lookonchain) October 25,…

Simplifying Digital Asset Trading in Africa with Multiple Payment Options

ExchangesDec 1

Digital assets are gaining global traction, offering unique value and opportunities for trade and investment. Cryptocurrencies and gift cards are increasingly being used as income-generating digital assets. These digital assets have recorded significant growth over time, permeating into financial and e-commerce sectors and serving as a payment method for products and services. Going beyond the discourse of using digital assets as a payment option, people see crypto and gift card trading as one of the viable ways to make money in this digital age, and Africans are not behind in this. Notably, Africa is one of the fastest-growing crypto markets…

Ongoing Profit-Taking Could Slow Bitcoin's Move To Record High

BitcoinDec 1

The last time the DXY index was above 103, it was during the Yen carry trade unwind back on Aug. 5 when bitcoin dropped to $49,000. Over 94% of the bitcoin circulating supply is now sitting in profit, historical data tell us profit-taking should start to build up. Bitcoin {BTC}}, the largest token by market cap, has surged 12% this week, likely setting the stage for a record high in the coming weeks. The expected progress toward new highs, however, may be slow due to profit-taking. That's because data tracked by Glassnode show approximately 5% of the BTC circulating supply…

Ethereum Rainbow chart predicts ETH price for Jan 1, 2025

EthereumDec 1

Ethereum (ETH) has experienced a price breakout in the weekly timeframe, comfortably trading above the $3,500 resistance as the decentralized finance (DeFi) asset targets the crucial $4,000 mark. The sustainability of this newfound momentum is of key interest to the general cryptocurrency market, as it is viewed as a precursor to the start of an altcoin season heading into 2025. Notably, as of press time, Ethereum was trading at $3,569, having rallied by over 1% in the last 24 hours. On the weekly chart, ETH is up almost 8%. As reported by Finbold, following the recent momentum, several analysts have…

MicroStrategy Retail Investors Caught Out On the Wrong Side of MSTR Trade

RegulationDec 1

Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Bitcoin (BTC) development company MicroStrategy (MSTR) has been one of stocks to watch in 2024. The company is up 416% year-to-date, up as much as 600% at one point last week. However, since the short report from Citron Research came out on Nov. 21, the stock has dropped almost 40%, subsequently burning retail in the process. This drop coincided with bitcoin dropping almost 10% to $90,000 from its all-time high of just shy of $100,000. According to a post on X by the Kobeissi Letter, which is an…

Top 7 Blockchain Projects Set to Transform AI, Gaming, and DeFi Sectors

AltcoinsDec 1

Blockchain technology advancing as several new blockchain projects prepare to launch their tokens. These projects, supported by industry leaders, are expected to make significant waves. A crypto analytical platform shared the list of the top 7 crypto promising projects along with their anticipated tokens. Top 7 Promising Projects with Anticipated tokens With evolving blockchain technology and @Bitcoin close to all-time high again, enormous amount of upcoming projects aim to reshape the global financial space. We compiled a list of highly anticipated projects, that should enter… pic.twitter.com/DvfpeLXEWd — TOP 7 ICO | #StandWithUkraine🇺🇦 (@top7ico) October 25, 2024 Blockchain Advances in Gaming,…

Japanese FSA Cracks Down on Unregistered Crypto Exchanges

ExchangesDec 1

The Japanese Financial Services Agency (FSA) has issued warnings to five unregistered cryptocurrency exchanges for operating without proper authorization. The companies who have been issued warnings include KuCoin, bitcastle LLC, Bybit Fintech Limited, MEXC Global, and Bitget Limited. According to the report by CoinPost, these exchanges have been accused of violating Japan’s regulation guidelines on cryptocurrency trading. Regulatory Compliance in Question The main concern that was raised by the Japanese FSA is that these exchanges were not registered as the per the requirement. The Japanese regulatory framework aims to ensure consumer protection, prevent fraud, and maintain market integrity. The exchanges…

Bitcoin Exchange Reserves Reach a 2-Year Low, But Analysts Disagree on Why

BitcoinDec 1

As the Bitcoin price draws closer to $68,000, on-chain indicators show that some favorable fundamentals are working in its favor. Bitcoin reserves on exchanges had reached an all-time low of under 2.7 million BTC, down from over 3.3 million nearly three years prior, according to CryptoQuant data. But first, a few caveats about the data. It only goes back to mid-October 2021, so it is unclear how long ago Bitcoin reserves were at the level they are now. And the latest metric available is from mid-September. CoinMarketCap research lead Alice Liu explained to Decrypt that it is a delayed target="_blank">fall…

Ethereum Price On The Verge Of Repeating 2017-2021 Cycle Breakout, Target Above $20,000

EthereumDec 1

While Bitcoin (BTC) has reached new all-time highs this month, the Ethereum price has failed to experience a significant rally, befitting its position as the second-largest cryptocurrency by market capitalization. However, a crypto analyst suggests that this bearish price action could soon end, as Ethereum (ETH) appears to be repeating its breakout pattern from the 2017 to 2018 cycle. Based on this analysis, the ETH price could be on track to hit a remarkable new price target above $20,000. Ethereum Price Eyes New Target Above $20,000 Mr Tycoon, a TradingView analyst, has shared his intense bullish outlook for the Ethereum…

Deutsche Bank Invests in Blockchain Payment Network Partior

RegulationDec 1

Partior, a blockchain payment network backed by TradFi giants including JPMorgan (JPM), DBS (D05), and Standard Chartered (STAN), added Deutsche Bank (DBK) to its list of investors, the company said in a press release Wednesday. The German bank joined Partior's Series B funding round as a strategic investor, taking the total raised by the payments firm in the round to $80 million, the Singapore-based company said. Adoption of blockchain technology by traditional finance firms is growing. Last week, payments giant Mastercard said it was linking up with JPMorgan for cross-border payments on the blockchain. Deutsche Bank will also join Partior's…