Author: NBTC
Elon Musk has admitted that his latest gig as the leader of Donald Trump’s Department of Government Efficiency—a project humorously titled D.O.G.E—might not deliver on its ambitious promises. Elon, who initially said he could slash $2 trillion from the federal budget, called the figure a “best-case outcome” during an interview on X, formerly Twitter. The eccentric billionaire told political analyst Mark Penn that the $2 trillion goal wasn’t entirely out of reach but said, “We’ve got a good shot at $1 trillion.” Critics were quick to remind him that the entire discretionary budget is only $1.7 trillion, making his original…
Raoul Pal, CEO of Real Vision, has publicly acknowledged that he was wrong about XRP, a cryptocurrency he had previously criticized for underperforming. This comes amid a surprising turn of events where XRP is now trading above $2, transforming from an underperforming asset to one of the best-performing cryptocurrencies in just under a month. During this time, it has surpassed BNB and Solana in market rankings, including the largest stablecoin USDT, now standing just behind Ethereum. “XRP Warriors, I was wrong,” Pal said in a post on X today. For context, in August, Pal had advised investors to consider moving…
Cardano founder Charles Hoskinson is facing criticism after his recent statements about HEX, PulseChain, PulseX, and their founder, Richard Heart. During an interview with FOX Business contributor David Gokhshtein, Hoskinson talked about the new Securities and Exchange Commission (SEC) and its chair, Paul Atkins. He discussed how the SEC might affect the crypto market. Hoskinson highlighted that while the enforcement division consists of civil servants, the Commissioners and the Chair are elected politicians. Because of this, any change in political leadership takes time to reach the bureaucratic level. However, once these politicians make their will known, Hoskinson expects the SEC…
In a noteworthy development for Stellar (XLM), major crypto exchange Binance has announced the listing of new JPY trading pairs, including XLM/JPY. This move is expected to increase Stellar’s exposure in the Japanese market, providing a boost to its trading volumes and overall market presence. According to a recent announcement by Binance, the move aims to expand its list of trading choices on Binance Spot and improve users’ trading experience. The new JPY trading pairs will be introduced in two batches. The first batch, which includes XLM/JPY, will be launched Jan. 9 at 8 a.m. UTC alongside APT/JPY, PEPE/JPY and…
HeLa Space, a well-known modular L1 blockchain, has announced its latest partnership with Aspis Protocol. The partnership targets to blend advanced blockchain and AI technologies to offer innovative tools enabling unparalleled execution of trading strategies. The platform took to social media to disclose this collaboration. We’re thrilled to announce our newest community collaboration with @AspisProtocol 🤝Aspis Protocol acts as a smart contract factory, deploying on-chain asset management vaults with an AI layer for seamless trading strategy execution. Collaboration for success and beyond!🔥… pic.twitter.com/8UVpesA5eb — HeLa Space 🍀 (@HeLa_Labs) January 8, 2025 HeLa Space Collaborates with Aspis Protocol to Advance On-Chain…
A proposal for the United States to amass a million Bitcoin sounds like something pulled out of a nerd’s wildest dreams, but it’s an actual idea on the table. A few months ago, Senator Cynthia Lummis of Wyoming dropped a bill that aims to create a “strategic bitcoin reserve.” Her plan? Get the Treasury and Federal Reserve to buy a million Bitcoin over five years and stash it for at least 20 more. If passed, the program would essentially transform Bitcoin from a decentralized experiment to a federally endorsed hedge against… well, everything. For Bitcoin holders—hodlers, as they call themselves—this…
Ethereum price action has drawn attention recently, with the altcoin king struggling to breach the $3,721 resistance level. This barrier remains a critical hurdle as Ethereum aims to recover lost ground and inch closer to its December 2024 high of $4,107. While some investors remain optimistic, recent corrections have validated others’ cautious behavior. Ethereum Investors Are Sending Mixed Signals Ethereum’s supply, which lasted between one and three months, has surged, reflecting growing resilience among investors. Over the past week, this cohort’s holdings increased by 1.52 million ETH. This trend suggests that despite Ethereum’s recent drawdowns, investors are refraining from liquidating…
While the sharp declines in Bitcoin (BTC) and altcoins negatively affected many investors, millions of dollars evaporated in the last 24 hours. At this point, whales, known as big investors, suffered the most losses from the declines, while an Ethereum whale faced a $5 million liquidation for the third time. According to Lookonchain’s post, a crypto whale is facing constant liquidations. According to the data, this is the third time a whale has been liquidated in the last 35 days, losing $18.5 million in the process. Accordingly, the giant whale suffered a huge loss of $5 million in Ethereum (ETH)…
A 24-year-old Dutch law student who was the subject of a police manhunt last year was arrested this week after further evidence was submitted in relation to his alleged multi-million euro crypto scheme. The self-styled crypto banker from Hengelo, Netherlands, vanished last year after his crypto trading scheme collapsed and investments of up to €4.5 million ($4.6 million) from an estimated 300 people, including friends and family, were lost. RTV Oost reports that the man went into hiding after investors harassed him. He then went to the police and, after a consultation, was moved to a safe location in the…
TONCASH, a cashback app in cryptocurrency native to Telegram, has received a strategic investment from TON Ventures. The goal is to accelerate the global adoption of on-chain payment solutions and redefine online shopping in the Web3 context. Let’s see all the details in this article. Collaboration with Telegram and TON to Redefine Web3 in the Online Shopping App A focus on international expansion A new standard for Web3 Collaboration with Telegram and TON to Redefine Web3 in the Online Shopping App TONCASH, the cashback platform and rewards in cryptocurrencies native to Telegram, has announced that it has received a significant…