Author: NBTC
The US Senate has taken a decisive step toward passing a Republican-backed spending bill, effectively ending the threat of a US government shutdown. But the move has sparked fierce divisions within the Democratic Party over how to counter President Donald Trump’s efforts to expand executive power. The Senate approved the funding package by a 62-38 vote, putting congressional Democrats in a position to give up what they see as their strongest leverage to curb Trump and billionaire entrepreneur Elon Musk’s aggressive cost-cutting measures, which include drastically reducing the federal workforce and abolishing entire government agencies. With legislative options dwindling, opponents…
Elon Musk, a tech mogul and the public leader of the US Department of Government Efficiency (D.O.G.E.), has expressed concern about politicians’ inability to access and audit the US national gold storage facility Fort Knox. The billionaire has suggested, without any proof, though, that the US gold reserve might be missing and stated that it would be a good idea for D.O.G.E. to audit it. Michael Saylor, the co-founder and executive chairman of Bitcoin-focused company Strategy (formerly known as MicroStrategy) responded to Musk’s tweet, hinting that it is time to forget about gold and proceed with Donald Trump’s plan to…
As the cryptocurrency market experiences its usual ebb and flow, Ethereum has discovered a significant support level at $1,887. This price point has emerged as a critical juncture for Ethereum, with substantial investor activity marking it as a focal point for accumulation. According to recent data from Glassnode and shared by @ali_charts on X, approximately 1.63 million ETH have been accumulated at this price level. This concentration of buying activity suggests strong confidence among investors at this price, providing a robust base for Ethereum as it navigates market volatility. Currently, the most important support level for #Ethereum is $1,887, where…
This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Every great innovation starts with a problem. For Solana, the issue was obvious. Blockchains were too slow, expensive and unapproachable for mainstream adoption. Ethereum struggled with congestion, Bitcoin was too rigid for complex applications, and no one else had made any meaningful strides to address the scalability problem. For one engineer, this would become an all-consuming technical challenge, leading him on a mission to build his own decentralized network capable of processing transactions at internet speed. In 2017, Anatoly Yakovenko, a seasoned Qualcomm engineer, turned his attention…
A Bank of America insider is pleading guilty to boosting a global money laundering conspiracy that aided drug traffickers and other illegal businesses, according to the U.S. Department of Justice (DOJ). The DOJ says former Bank of America employee Rongjian Li was a member of a money laundering and drug trafficking outfit headed by Jin Hua Zhang. According to prosecutors, Li used his position at the bank from 2021 through 2022 to help the criminal organization open several accounts. Zhang’s organization then used the BofA accounts, some of which were registered using forged passports, to launder illicit funds. “As part…
Bitcoin has fallen below $96k as BTC miners offload over 2,000 BTC. Will Bitcoin drop below the crucial support at $94,500? Over the past 24 hours, Bitcoin has shown little movement, currently trading at $95,657, reflecting a 0.67% drop. However, the market has experienced over $200 million in liquidations, with long-side traders losing $134.34 million. As pressure mounts on the bulls, will Bitcoin dip below its key support at $94,500? Let’s take a closer look. Bitcoin Price Analysis Puts Focus at $94,393 In the 4-hour price chart, the Bitcoin price trend reveals a bullish failure to cross above local resistance.…
Originating as an NFT community, Milady and its surrounding ecosystem has become one of the most culturally significant groups in Ethereum and crypto as a whole. Over the years, notable figures have joined or interacted with the community, including the likes of Elon Musk and Ethereum co-founder Vitalik Buterin. Known for its edgy humor, layers of irony, and cult-like mentality, the Milady community has defied many attempts to decipher what on earth is going on in its self-referential world. At its most broad, the community spans multiple NFT collections, meme coins, global raves, a Minecraft server, and long philosophical texts.…
A popular crypto analyst thinks Ethereum (ETH) will have to endure some “pain” before rebounding. In a new YouTube video, Benjamin Cowen tells his 886,000 subscribers that there probably needs to be a change in monetary policy in order for ETH’s chart against Bitcoin (BTC) to bottom. “But in order to have a change in monetary policy, you have to have pain. Welcome to the pain. This is the pain that you ultimately need. Remember last cycle [in 2019], ETH/Bitcoin bottomed after ETH/USD broke support.” Cowen notes that ETH fell below its support level against the US dollar in 2019…
The investor lost $1.8M in just four days as $BROCCOLI’s price dropped 34.4% from its peak. A whale transferred 40.75M $BROCCOLI tokens valued at $3.44M to Gate.io thereby causing market unease. The case shows the unexpected nature of digital assets together with the high financial risks which occur when investing in volatile markets. A large holder of $BROCCOLI, known by the wallet address “0x810C,” has experienced a dramatic loss in a short time period, shedding approximately $1.8 million in just four days. This sizable drop has caught the attention of cryptocurrency enthusiasts and analysts, highlighting the volatile nature of digital…
The United States authorities have docked crypto influencer Thomas John Sfraga for 45 months for wire fraud. According to an announcement by the United States Department of Justice (DOJ), the crypto influencer TJ Stone committed wire fraud, scamming investors out of more than $1.3 million. In the announcement, the DOJ mentioned that Sfraga, who had already pleaded guilty in May 2024, was sentenced in the Eastern District of New York. According to the authorities, TJ Stone lied to investors, posing as the owner of multiple businesses, including Vandelay Contracting Corp, a name he got from the sitcom Seinfeld. Authorities also…