Author: NBTC
Bitcoin price has crashed this week amid ongoing jitters about the bond market and a relatively hawkish Federal Reserve. Bitcoin (BTC) fell below $95,000, triggering a steeper sell-off among altcoins. However, there are signs that the coin may bounce back and possibly hit $122,000 in January. Bitcoin balances on exchanges are falling One key reason why BTC’s price may rebound in January is the ongoing imbalance between demand and supply. Demand has continued to rise this year, as evidenced by growing ETF inflows. Spot Bitcoin ETFs have added a net $1.3 billion in assets this year, while companies like MicroStrategy…
DeepSeek, which is the latest breakthrough in LLM (large language model) powered AI chatbots, has impressed users with its capabilities and even had a significant impact on the U.S. stock market by sparking concerns that major tech stocks such as NVIDIA are overvalued. The reason for this is that DeepSeek is able to beat leading models on multiple benchmarks while supposedly only costing a fraction of the cost to train and operate. DeepSeek’s “base case” for Ethereum in Q1 2025 is $8,000 – $12,000 We decided to experiment with DeepSeek by asking the chatbot about its opinions on the Ethereum…
Neo has announced a strategic collaboration with PumpBTC to help bolster Bitcoin’s DeFi ecosystem using the Neo X EVM sidechain. The cooperative agreement is aimed at leveraging Neo X as a host for assets and liquidity for the PumpBTC platform, expanding opportunities for bitcoin holders in DeFi. About PumpBTC PumpBTC is a liquid staking solution for Babylon, a blockchain ecosystem that allows bitcoin holders to contribute to network security while earning rewards through direct staking on the Bitcoin blockchain. This collaboration aims to deploy PumpBTC on Neo X, unlocking a range of functionalities for users, including: Staking opportunities: stake PumpBTC…
Empower Oversight has filed a lawsuit against the U.S. Securities and Exchange Commission (SEC) for the release of a long-awaited report on ethical conflicts and selective enforcement within the agency. The SEC Office of Inspector General (SEC OIG) completed the report more than a year ago, but the SEC has yet to release it or provide related documents despite multiple Freedom of Information Act (FOIA) requests. The lawsuit, filed today, calls on the SEC to disclose the final report, which examines potential conflicts of interest involving William Hinman, the former Director of the SEC’s Division of Corporate Finance, and his…
Gods Unchained, a trading card game on Ethereum layer-2 network Immutable zkEVM, announced the launch of a battle pass ahead of its upcoming season and the new Fallen Age expansion coming on February 18. The pass, which comes has one free tier and two paid tiers of premium rewards, will be available for pre-purchase from February 9 to February 17, offering users a 25% discount on the top two tracks, Premium and Shiny which are priced at $6.99 and $39.99 respectively. With each pass tier, users are granted perks like new exclusive cosmetics, as well core card packs and Fallen…
Canadian Nvidia supplier Nebula Block has signed a strategic cooperation agreement with AI Cloud Blockchain platform, Swan Chain to purchase 100,000 hours of GPU computing power. Strategic Partnership of Nebula Block and AI Blockchain Swan Chain 🤝Swan Chain Partners with Nebula Block to Provide 100K+ GPU Hours for AI Inference We’ve just signed a strategic partnership with @nebulablockdata to deliver 100,000+ hours of GPU computing power for cutting-edge AI inference!🙌Nebula Block’s Deepseek AI service will be FREE… pic.twitter.com/pxUhHjEuK9 — Swan Chain (formerly FilSwan) (@swan_chain) February 5, 2025 As a part of the partnership, Nebula Block and Swan Chain will carry…
Bitcoin’s price has faced persistent downward pressure since reaching its all-time high of $108K on December 17, 2024, signaling possible instability in the market. Currently trading at $93,533, the cryptocurrency has recorded a 2.27% decline over the past 24 hours. Its market capitalization stands at $1.85 trillion, accompanied by a trading volume of $64.15 billion. This sustained downturn raises a critical question among market participants: when will Bitcoin’s price descent come to an end? BTC Price Trends and Key Support Levels Over the past three days, the BTC cryptocurrency has shown a consistent bearish trajectory, dropping from a critical resistance…
Just days after reassuring the crypto market and buying more Ethereum (ETH), World Liberty Financial rapidly moved all holdings to new addresses. The Trump family DeFi fund sent out all ETH and other tokens, with suggestions the fund may join the panic-selling. World Liberty Fi is moving all assets from its public portfolio, with multiple outflows within a couple of hours. After holding for months and even achieving some unrealized gains, World Liberty Fi even continued buying and holding Ethereum (ETH) during the latest market stagnation. The moves did not stall the recovery of ETH, which has gone up from…
Ripple USD (RLUSD), a hotly-anticipated stablecoin by U.S. fintech giant Ripple, went live Dec. 17, 2024 after months of testing. Ripple USD (RLUSD) is now live on global exchanges. An enterprise-grade stablecoin built for everyone, $RLUSD combines fiat stability with blockchain efficiency: ➡️ Instant global payments, 24/7 ➡️ Seamless on/off ramps ➡️ Access value in real-world assets.… pic.twitter.com/lJ43GdoDGR — Ripple (@Ripple) December 17, 2024 In this guide, we are going to discuss the features of the new stablecoin, its role for the segment and the potential impact on the XRP price. Ripple’s RLUSD stablecoin gains traction: Highlights Ripple USD (RLUSD)…
The U.S. federal court from Florida has ordered three individuals to pay more than $128 million in penalties for orchestrating a fraudulent commodity trading scheme that ensnared over 12,500 investors through a platform called EmpiresX. Brazilian nationals Emerson Pires and Flavio Goncalves, along with Florida resident Joshua Nicholas, must pay disgorgement and civil penalties for violating the Commodity Exchange Act, according to the default judgment from the U.S. District Court for the Southern District of Florida. The court ordered Pires and Goncalves to jointly pay $32 million in disgorgement and $96 million in civil penalties. Nicholas faces separate penalties of…