Author: NBTC
Russia’s Supreme Court has taken a significant step toward defining the legal status of cryptocurrencies, advancing efforts to classify digital assets as property in criminal proceedings. The development, reported by Russian news agency Tass, is part of the country’s latest efforts for legal clarity in its handling of crypto-related crimes. At a recent meeting attended by judges and Russian President Vladimir Putin, Chief Justice of the Supreme Court Irina Podnosova said there is a need for a legal framework that addresses cryptocurrencies in criminal activities. She noted that the increasing prevalence of digital currency in the economy has led to…
Multiple Network advanced Web3 and AI by forming a strategic partnership with the decentralized multi-chain data network Unmarshal AI. The joint initiative will make blockchain data more accessible and create better privacy acceleration features while using AI applications enabled by real-time multi-chain data across 55+ blockchain networks. ♥️Strategic Partnership: Multiple Network x Unmarshal AI ♥️We’re thrilled to partner with Unmarshal AI (@UnmarshalAI)! 🤝Unmarshal AI is a decentralized multi-chain data network that provides real-time, accurate blockchain data across 55+ chains. By leveraging AI-driven… pic.twitter.com/JSjPUNiVBY — Multiple Network (@MTP_Network) February 21, 2025 The alliance is an important advancement for Web3 because each…
Bitcoin’s market cap stands at $1.85T, with $34.56B in 24-hour trading volume. Breaching $92K could lead to further declines, while $98K remains a critical resistance. Bitcoin’s price dipped below $94,000, currently trading at $93,834.39. The cryptocurrency faced a sharp decline from its all-time high of $108,364 on December 17 to $92,118, signalling strong selling pressure in recent days. The market remains volatile as traders react to heightened market uncertainty. The market cap of bitcoin has dropped to $1.85 trillion, down 1.27% in the last 24 hours. The trading volume surged to $34.56 billion, reflecting a 49.45% increase. Its fully diluted…
Ethereum (ETH), the leading altcoin, has faced severe price resistance at the $3,200 level for the past 30 days. Since the beginning of February, when ETH dropped below $3,000, Ethereum whales have maintained an optimistic outlook on the asset. Whales buying Ethereum amid price resistance Recent developments suggest Ethereum whales are actively accumulating amid price fluctuations, possibly taking advantage of the price slump. TraderPA, an on-chain analyst on X, spotted a correlation between the dip in ETH and their accumulation pattern among whales. Notably, on the chart shared by TraderPA, as ETH prices started declining, the volume of accumulations by…
A widely shared chart showing a sudden spike in China’s M1 money supply has fueled speculation across Crypto Twitter. Many interpreted the data as evidence of an unprecedented liquidity injection. However, analysts, including Benjamin Cowen, have clarified that the surge is due to a reclassification of how the metric is calculated, not an actual increase in circulating money. Viral Chart Sparks Speculation The chart, sourced from TradingView, shows China’s M1 money supply jumping from approximately 67 trillion yuan to 112.45 trillion yuan virtually overnight, an apparent surge of 67.59%. This led to speculation that the Chinese government had injected massive…
The Shiba Inu community has made another successful effort at burning SHIB meme coins, pushing the burn rate up significantly. In the meantime, the price of the second largest canine-themed cryptocurrency Shiba Inu has spiked by almost 8%. SHIB burns jump 105%, here’s how much was removed The Shibburn tracking platform spreads the word that over the past day the SHIB community has succeeded in disposing a large amount of meme coins, which resulted in the burn rate surging by slightly more than 105%. The number of meme coins burned totals 1,877,749 SHIB. From this amount, a 1,000,707 SHIB batch…
SocialGrowAI made an official announcement about its partnership with SolPen as it brings together AI technology with blockchain-based decentralized infrastructure. Together these partners will optimize AI trading operations, token launches, and gaming systems within Solana’s rapid blockchain environment. SocialgrowAi is pleased to announce our partnership with @solanapenSOLPEN seamlessly integrates advanced AI technology with the DePIN (Decentralized Physical Infrastructure Network) model to create an efficient, low-latency ecosystem on the Solana blockchain. Be sure to stay… pic.twitter.com/A5tTYFYc75 — SocialGrowAI (@SocialGrowAI) February 21, 2025 Integrating AI with Decentralized Physical Infrastructure Networks SolPen leads DePIN (Decentralized Physical Infrastructure Network) innovation to advance AI-driven real-world…
Michael Saylor, founder of MicroStrategy and its current executive chairman, has published a post on the X platform to pick the Bitcoin community’s brain about how high the Bitcoin return yield may go in the near future. He used a time span directly related to Bitcoin’s key fundamental. Saylor’s tweet has sparked an agitated discussion among the crypto community. Saylor’s Bitcoin return growth poll The MicroStrategy boss’s goal was to pick the community’s view about how high annual returns on corporate Bitcoin holdings may go up in the next 21 years. This time span was picked as if referring to…
In 2025, onchain fees on Ethereum have significantly dropped, echoing the easing seen in Bitcoin’s transfer fees. According to the latest metrics gathered on Feb. 20, a high priority fee on Ethereum stands at 0.924 gwei or $0.05. Ethereum Transaction Fees Drop to Sub-1 Gwei Levels In August of last year, the popular blockchain explorer Etherscan’s gas tracker was updated to include decimal figures after fees dipped below 1 qwei. Decimals have now reappeared on Etherscan as fees again fall beneath the single qwei threshold. Gwei—short for “gigawei”—serves as a unit on the Ethereum blockchain to denote gas fees, the…
Mike McGlone, the senior commodities strategist for Bloomberg Intelligence, has published a tweet where he shared his take on the current situation on the U.S. commodities markets and how it may impact the decision of the Fed Reserve to implement further tightening. McGlone sounds doubtful on Fed’s further easing policy Mike McGlone tweeted that currently rising trends in cryptocurrencies, commodities and stocks can be observed. The expert also indicated “sticky inflation” and low unemployment. McGlone reckons that all these positive factors could create a challenge for the monetary policy of the Fed Reserve as of February 2025. Rebounding Commodities Could…