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.

Stock exchange with near round-the-clock trading set to open in 2025

ExchangesDec 1

A new era of stock trading is about to unfold in 2025. The 24X National Exchange, a Stamford, Connecticut-based trading platform, is set to launch with an almost uninterrupted schedule. Designed to serve both retail and institutional investors, this exchange plans to operate on business days from 4:00 a.m. to 7:00 p.m. Eastern Time. But that’s not the big deal. Pending final approvals from the U.S. Securities and Exchange Commission (SEC), 24X might extend operations to 8:00 p.m. ET on Sundays through 7:00 p.m. ET on Fridays—essentially open for 23 hours a day with just a one-hour pause. This is…

'Bitcoin Is Chess,' Michael Saylor Says as BTC Price Rebounds

BitcoinDec 1

Bitcoin's price performance has fluctuated over the past 24 hours, triggering caution in some parts of the cryptocurrency market. This movement has caught the attention of renowned Bitcoin bull and Chairman of MicroStrategy Michael Saylor. Chess analogy as call for long-term vision In a post on X, Saylor appears to give his followers a reason to avoid panic despite the fluctuating price movement of the world’s largest cryptocurrency. The post characteristically depicts Saylor staring intently at a chessboard, focusing on the "white pieces—king, queen, and knight." The white pieces were surrounded by many black pieces. "Bitcoin is Chess, not Checkers,"…

Ethereum (ETH) $4,000 Surge to Erase Almost $1 Billion

EthereumDec 1

The market is nervous as Ethereum continues to rise, with over $835 million in short positions ready to be liquidated if ETH reaches $4,000. The price chart for Ethereum and the provided liquidation heatmap demonstrate the high stakes that are currently surrounding the second-largest cryptocurrency. Significant groups of brief liquidations between $3,800 and $4,000 are visible on the liquidation map. The cumulative short liquidations jumped sharply at $4,000, indicating a significant price milestone that, if broken, could have a domino effect. With so many traders betting against ETH's bullish trend, the sheer volume of possible liquidations suggests increased market leverage.…

21Shares unveils four new European crypto ETPs

RegulationDec 1

21Shares added four ETPs to its Europe offerings as crypto fund issuers flooded the region with more digital asset investment products. On Nov. 27, the Swiss wealth manager introduced new exchange-traded products underpinned by four cryptocurrencies, including Pyth Network (PYTH), Ondo (ONDO), Render (RNDR), and the Near Protocol (NEAR). 21Shares said that its latest additions covered price oracle, asset tokenization, decentralized computing, and artificial intelligence, respectively. Also, 21Shares will allow investors to reinvest staking rewards from NEAR into the ETP. Near’s proof-of-stake blockchain model enables buyers to secure the network by locking tokens. The practice is called staking and earns…

Bitcoin to Hit New All-Time Highs in 2024? Market Survey Says Yes

BitcoinDec 1

With just over two months until the end of the year 2024, many in the crypto community are still anticipating a new all-time high (ATH) for the biggest cryptocurrency by market capitalization, Bitcoin, according to a market survey. Bitcoin reached an all-time high of about $74,000 in mid-March, driven by expectations of strong demand from U.S. exchange-traded funds, which were granted approval in the U.S. for the first time in January. Despite the surge, many believe Bitcoin's bullish run may not be over yet. According to a recent survey, there remains a belief on the market that Bitcoin might surpass…

Ethereum Nears Key Levels, Will $3,692 Break Spark a Bullish Rally?

EthereumDec 1

Ethereum’s Elliott Wave analysis signals a bullish outlook, with $3,692 as key resistance and $3,338 as critical support. Wave (5) targets Fibonacci extensions near $3,938, contingent on ETH holding its long-term ascending trendline. A break above $3,692 could propel Ethereum higher, while a dip below $3,338 may test key retracement levels at $2,815 and $2,639. Ethereum currently trades below $3,692, signaling a critical juncture for potential upward momentum. According to analyst MoreCryptoOnline’s analysis, the price structure aligns with the Elliott Wave theory. Notably, ETH’s price continues its impulsive and corrective cycles. Analyst projections suggest ETH could extend higher if pullbacks…

Chinese data miner SOS’ stock surges 100% after board approves $50 million Bitcoin investment

RegulationDec 1

SOS Limited, a Chinese data mining and technology company, announced on Nov. 27 that its board has approved a $50 million investment in Bitcoin (BTC) to diversify its assets and capitalize on the flagship crypto’s growing strategic significance. The company disclosed that it plans to implement various strategies for the investment, including direct acquisition, quantitative trading, and arbitrage. SOS described Bitcoin as a “key digital asset” with the potential to play a significant role in global reserve strategies. Following the announcement, SOS Limited’s shares skyrocketed nearly 100% on Nov. 27, reflecting heightened investor enthusiasm. The company attributed the decision to…

Expert Pledges Never to Touch XRP Again; Here’s Why

AltcoinsDec 1

Prominent crypto expert Elite Crypto expresses frustration with recent activities relating to XRP, pledging never to touch the cryptocurrency again. The crypto expert made the assertion recently in an X post. In the tweet, Elite Crypto highlighted two primary reasons they are no longer interested in XRP. First, the expert fumed at XRP’s performance, likening it to a stablecoin due to its stagnant price movement over the past two years. The accompanying data shows that XRP has been trading within a particular range in this timeframe, which made Elite Crypto suggest that XRP’s price action is similar to that of…

Veteran Investor Reveals Simple 500-Day Bitcoin Strategy for Optimal Gains

BitcoinDec 1

Mags, a technical analyst with a decade of experience in Bitcoin, recently shared what he describes as a simple strategy for consistent success in the Bitcoin market. According to the seasoned analyst, the key action is to enter the Bitcoin market 500 days before a halving cycle. This timeline provides investors with a suitable window to purchase Bitcoin at lower prices, as the market is expected to be at a bottom by then. Holding Through the Storms and When to Sell Mags’s second strategy recommends holding onto the investment during the periods that follow, without getting shaken out. This is…

Ethereum ETFs Inflow Streak Sets Up ETH for New Lifetime Highs, Traders Say

EthereumDec 1

A streak of inflows into U.S.-listed spot ether (ETH) exchange-traded funds (ETFs), rising activity on the Ethereum blockchain and increased institutional trading interest could help the second-largest cryptocurrency by market cap surpass its three-year-old price record in the coming months. “ETH spot ETFs continue to record strong net inflows, totaling $90.1 million yesterday and marking a 4-day winning streak," QCP Capital said in a note referring to Wednesday trading. "Despite this week's retracement, these healthy inflows highlight the market's growing optimism. ETH was the main outperformer Wednesday as it rallied 11.65% to a high of 3,688. This is aligned with…