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.

Crypto Trader Makes $440K from Just $9.6K in Ten Days via High-Risk Meme Tokens

AltcoinsNov 27

A crypto trader has recently gained significant attention in the crypto sector by earning huge profits through meme coins.As per Lookonchain, a popular on-chain analytics firm, the trader made an impressive return of $440,000 from only 60 $SOL tokens nearly $9,600 within ten days. The analytics platform discussed this event on its official X account. This trader started with 60 $SOL($9.6K), caught 12 10x #MEMEcoins, and made over $440K in just 10 days! But he has traded a total of 502 #MEMEcoins, with a win rate of only 28%.https://t.co/GI7xdmbDxo pic.twitter.com/vJZCYFUxzi — Lookonchain (@lookonchain) October 28, 2024 Crypto Trader Earns Huge…

Bitcoin Dominance Overshadows Several Important Crypto Trends

BitcoinNov 27

Bitcoin continues to march toward all-time-highs that were only reached earlier in 2024, although the volatility that the token has experienced in the run-up to the U.S. Presidential election has been elevated when compared to prior periods in the year. Regardless of the volatile rise, the fact remains that the price of bitcoin and bitcoin interest continues to move in positive directions in spite of short-term setbacks. Alongside the growing interest and investment into the crypto sector by both major political parties the crypto sector has experienced an upswing in price, trading volume, and investor sentiment. As has occurred during…

7 Million UK Adults Now Own Crypto: Financial Conduct Authority

RegulationNov 27

UK regulator the Financial Conduct Authority (FCA) has released new research revealing that 12% of UK adults now own crypto, up from 10% in previous findings. According to the nationally representative study of 2,199 UK adults, the figure extrapolates to 7 million UK crypto holders, up from 5 million in 2022. The average value of crypto held by people has increased over the same period, from £1,595 to £1,842. Among crypto holders, the number of adults holding more crypto has increased, too—with 19% now holding between £5,001 and £10,000 in crypto, versus 6% in the "previous wave." Just one in…

Dogecoin Bets Spike to $1.3B as Trump Popularity Sees DOGE Rocket 15%

AltcoinsNov 27

Interest in Dogecoin futures is approaching all-time highs from April, with a 33% increase in open interest since Sunday, now standing at 8 billion tokens. Traders are attributing this price movement to Trump's popularity and the potential establishment of a "Department of Government Efficiency" (D.O.G.E). Elon Musk's discussions on creating a D.O.G.E. for government efficiency, combined with Trump's promise to involve Musk in a government efficiency commission if re-elected, have fueled bullish sentiments among traders. Futures interest in dogecoin (DOGE) is swiftly rising and nearing record levels from April, thanks to renewed trading interest in the token on the possibility…

Why Bitcoin Traders Are Bracing for a God Candle Event

BitcoinNov 27

With just 16 days remaining until the U.S. election, bitcoin is now sitting at its highest price since the end of July. Many speculators are confident that a Trump victory would send bitcoin climbing to new peaks, a theory gaining traction among major financial institutions. While some believe the election results won’t significantly impact bitcoin’s value, a Trump win could still lead to what traders call the ‘God candle’—potentially the largest daily price spike in history. Will a Trump Win Ignite Bitcoin’s Next God Candle? Bitcoin is enjoying a pre-election rally, with many anticipating BTC to experience some wild swings…

MicroStrategy’s Long-Term Success Mirrors Berkshire Hathaway’s, Says Mindaoyang

RegulationNov 27

Mindaoyang, a highly regarded crypto OG and the founder of dForce, has recently shared insights on MicroStrategy’s grand strategy. Strikingly, he has compared MicroStrategy’s structurally sound and long-term winning approach to Buffett’s Berkshire Hathaway in the traditional financial world. Let’s dive deeper to know more. MicroStrategy has achieved significant profits in less than two years by transforming its stock into a traditional finance version of Bitcoin. This strategy involves a triple arbitrage between stocks, bonds, and Bitcoin. The Stock/Bitcoin Relationship Saylor’s strategy involves issuing stock at a premium, and using the proceeds to buy Bitcoin, which increases the company’s per-share…

Top Solana airdrops in 2024

AltcoinsNov 27

Airdrops are the treasure hunts of the crypto world. Everyone wants free crypto tokens and airdrops are the fastest way to get there. Table of Contents What is an airdrop? How do Solana airdrops work? Top Solana airdrops to watch in 2024 How can you stay informed about future Solana airdrops? What to expect from future Solana airdrops? In 2024, the airdrop scene is the hottest, with Solana ecosystem airdrops leading this rally. This article will discuss the top Solana (SOL) airdrops, how they work, and how you can get your hands on the upcoming Solana airdrops in 2024. What…

Electricity shortages thwart Russia’s AI ambitions, despite crypto mining bans

MiningNov 27

Electricity shortages have caused problems for many economies, limiting Russia’s AI ambitions, although the country has cut on the energy-consuming crypto mining in some areas. Crypto mining activities and AI data centers are reportedly consuming huge amounts of energy as well as water to cool servers. This also comes as many countries fail to sustain their power needs, especially in the 2020s, causing problems politically, socially, and economically. This has reduced their zeal for economic growth and international trade expansion. AI pushes the creative industry in Russia although power situation is dire As part of initiatives to further the AI…

A Bridge to Financial Inclusion for the World’s Unbanked

RegulationNov 27

According to the World Bank, 1.4 billion adults around the world remain unbanked. The global financial system, despite its unbelievably vast infrastructure, falls short of serving the global population equitably on many counts. For many, the glittering promise of financial freedom is not merely a matter of surviving the rat race but also a tale of inflation and documentation. Bitcoin-Backed Credit: A Lifeline for the Unbanked Globally Millions of people remain underbanked or entirely unbanked due to strict credit requirements, high fees, and limited accessibility. From Palestinian refugees with no proof of citizenship, single women with no employment contract in…

IOTA Set to Join Multi-Collateral Stablecoin in DeFi Push – What It Means for Holders

AltcoinsNov 27

IOTA could soon be used as collateral for stablecoin as a different network is reported to be on the verge of staging a “friendly fork” on the decentralized distributed ledger. A report explains that this initiative could greatly increase the total value locked by IOTA and make transactions safer within the decentralized finance environment. Co-founder of IOTA Dominik Schiener recently made an interesting announcement, hinting that another network would have a friendly fork on IOTA to subject the network to significant transformation and expand its use cases. Times are changing very soon.🌐✌#IOTA pic.twitter.com/ikgjHa1Vgu— OTTI #IOTA 2.0 🌐 (@OTTI28518618) October 28,…