Author: NBTC

Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could regain momentum if it closes above the $98,800 resistance zone. Bitcoin Price Takes Hit Bitcoin price failed to gain pace above the $100,000 level. BTC started another downside…

Polymarket is pricing in a 25 BPS rate cut in the US, predicting the Federal Reserve to announce the decision. This anticipated cut, projected during high inflation, could shift market sentiment significantly, with traders preparing for impacts across traditional and digital assets. Prominent analyst Crypto Rand suggested in a post on X (formerly Twitter) that such a rate cut could revive the crypto market, pushing Bitcoin well above its all-time high of $103,900. Rate Cuts and Bitcoin’s $100K Milestone On the other hand, rate cuts often boost Bitcoin’s appeal by lowering yields on traditional assets, prompting investors to seek riskier…

Paxos has launched the yield-bearing stablecoin wrapped Lift Dollar (wUSDL) on Injective, according to an announcement on October 16. Lift Dollar is a new yield-bearing stablecoin pegged 1:1 to the US dollar. The United Arab Emirates-regulated Paxos International, an affiliate of Paxos, launched Lift Dollar (USDL) in June this year. It’s a stablecoin designed to deliver daily yield to holders, with this distributed as dividends to the users’ wallets. The yield comes from the stablecoin’s reserve holdings including short-term US Treasury bills and cash equivalents. Paxos South America looks to bring these benefits to users within the Injective ecosystem via…

Hester Peirce calls for ending restrictive crypto regulations, enabling firms to access critical services like custody solutions. Jurisdictional clarity is a priority to help crypto businesses navigate SEC oversight and reduce compliance challenges. Collaborative rulemaking seeks transparent, inclusive policies by involving regulators, crypto stakeholders, and consumer advocates. Hester Peirce, a Commissioner at the U.S. Securities and Exchange Commission (SEC), has proposed significant reforms aimed at clarifying and improving the regulatory environment for cryptocurrencies. Speaking during an interview on Fox Business, Peirce outlined three critical steps to address existing challenges in the crypto sector. Her recommendations come amidst growing concerns over…

Blockchain Capital (BCAP), a venture firm in the blockchain landscape, has announced an upgrade initiative to revamp its innovative tokenized venture fund. The firm announced the matter on the X platform and highlighted two major upgrade programs for its tokenized venture fund. As part of the upgrades, BCAP said it completely migrated the fund to ZKsync. BCAP plays a crucial role in shaping the digital asset ecosystem. The upgrades on its tokenized venture fund demonstrate the company’s commitment to open up new opportunities for issuers and investors. .@blockchaincap brings its pioneering tokenized fund to ZKsync, reflecting a shared commitment to…

A widely-followed analyst known for applying the stock-to-flow model (S2F) to Bitcoin is unveiling his price target for BTC this month. In a new interview with trader Scott Melker, pseudonymous analyst PlanB says that Bitcoin could surge to as high as $150,000 in December, a more than 53% gain from its current value. “It’s almost scary that it is happening again. It seems programmed: three years of boring bear markets and then one year of FOMO (fear of missing out) and face-melting bull action. And it’s like that in all the past cycles. So if history is any guide, we’re…

Shares of bitcoin miner Hut 8 (HUT) jumped nearly 12% in pre-market trading amid social media speculation that it is building a data center with Facebook owner Meta Platforms (META). The shares climbed to just under $30 as of 10:00 UTC. The CoinShares Valkyrie Bitcoin Miners ETF (WGMI), which offers broad exposure to the BTC mining sector, rose about 3% higher. Neither Miami, Fla.-based Hut nor Menlo Park, Calif.-based Meta has announced a partnership. **Speculative Post**Hut 8 appears to be partnering with Meta to develop a groundbreaking AI data center in West Feliciana Parish, Louisiana. While not officially confirmed, I’m…

This particular token lets BRICS nations resolve charges quickly without relying on slow bank systems. Ripple’s tech allows secure and fast cross-border transactions between global currencies. XRP offers a neutral option for global payments, free from political control and influence. The BRICS nations—Brazil, Russia, India, China, and South Africa—are integrating XRP into their mBridge undertaking. This task aims to improve cross-border payments using digital currencies. Ripple’s technology is essential for making transactions faster and more efficient. XRP allows smooth currency exchanges between countries like the U.S., Eurozone, and China. Ripple Technology Improves International Payments Ripple’s technology is crucial for the…

Stefan Berger, a key figure in the European Parliament’s digital euro discussions, has stepped aside to pave the way for progress without controversy. The man leading Parliament’s work on the digital euro, who became one of its biggest critics, has quit to stop claims he was delaying the project on purpose, POLITICO has learned. Berger, a veteran German lawmaker from the center-right European People’s Party, announced his decision to POLITICO, stating that “it’s time for someone [who] is not coming from Germany and is not under suspicion that he wants to delay the talks.” Markus Ferber, who oversees economic issues…

Zeus Network has validated the first Bitcoin transaction on the Solana blockchain. On Dec. 12, Zeus Network achieved a historic milestone by successfully validating the first Bitcoin transaction on Solana using its infrastructure. According to a release by Zeus, this development bridges the gap between two distinct blockchain ecosystems, enabling Bitcoin transactions to leverage Solana’s fast and cost-effective infrastructure. Bitcoin (BTC) and Solana (SOL) operate on separate protocols, with Bitcoin utilizing proof-of-work and Solana combining proof-of-history with proof-of-stake. Zeus Network’s (ZEUS) infrastructure acts as a bridge, allowing Bitcoin to be tokenized and transacted on Solana without altering Bitcoin’s original protocol.…