Author: NBTC
Bitcoin has smashed through the long-awaited $100K milestone, setting a new all-time high of $103,850. This exciting rally has been powered by a combination of positive regulatory developments, growing institutional interest, and global endorsements from major players. Since the elections, Bitcoin has seen a surge above 45% with expectations of crypto-friendly regulations. A Big Boost from the SEC One of the main reasons behind Bitcoin’s surge is the appointment of Paul Atkins as the new chair of the U.S. SEC. Known for his pro-crypto stance, Atkins replaces Gary Gensler, whose strict policies were seen as a hurdle for the crypto…
Ethereum price extended losses and dropped below the $3,450 zone. ETH is now recovering some losses and might rise if it clears the $3,445 resistance. Ethereum started a fresh decline below the $3,500 zone. The price is trading below $3,450 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $3,300 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent increase if it clears the $3,450 and $3,500 resistance levels. Ethereum Price Stays Above $3,200 Ethereum price struggled to start a fresh increase above…
The TON Foundation has officially registered in the UAE under the regulatory framework of the Abu Dhabi Global Market (ADGM) for decentralized ledger technology (DLT) foundations. This framework provides a structured legal foundation for decentralized organizations, enabling smoother operations and governance. TON Foundation Looks to Expand in the MENA Region The TON Foundation aims to accelerate the adoption of the TON Blockchain, with a strategic focus on the Middle East, North Africa (MENA), and Asia-Pacific (APAC) regions. It has set a bold target of reaching 500 million users by 2028. To meet this objective, the TON Foundation plans to prioritize…
Gary Gensler will leave his SEC role in January 2025 after years of focused crypto enforcement. The SEC now faces delays in policies as leadership awaits Trump’s nomination for a new chair. The crypto industry remains in uncertainty over rules as the SEC struggles to define digital assets clearly. Gary Gensler has announced he will step down as Chair of the U.S. Securities and Exchange Commission (SEC) on January 20, 2025. His tenure, which began in April 2021, was defined by strict enforcement actions targeting the cryptocurrency industry. During this time, the SEC pursued 96 cases addressing alleged fraud, wash…
Glacier Network, a data-centric blockchain company, has announced its exclusive collaboration with OMNIA Protocol. The partnership targets to transform the blockchain and AI ecosystems in terms of operations and scalability. The company disclosed this endeavor on the social media platform X. ✈️ Back to building!Excited to partner with @omnia_protocol, a smart RPC, #DePIN & AI infrastructure for a more secure, scalable and resilient Web3 ecosystem.To us, this is all about delivering real value to developers, builders, and our community.https://t.co/3aLq1FyUid — Glacier Network 🧊 $GLS (@Glacier_Labs) December 22, 2024 Glacier Network Joins Forces with OMNIA Protocol to Expand Blockchain and AI…
Bitcoin has shattered previous records, soaring past the $100,000 milestone for the first time ever to reach an all-time high of $104,088 late Wednesday in New York. The flagship cryptocurrency had dipped to $94,587 on Wednesday but staged a remarkable comeback. Several key factors contributed to this unprecedented surge: #1 Fed Chair Powell Compares Bitcoin To Gold In a significant acknowledgment from the traditional financial sector, Federal Reserve Chair Jerome Powell discussed Bitcoin during the New York Times DealBook Summit. When questioned about the perception of Bitcoin as a symbol of faith or lack thereof in the US dollar and…
Ethereum bearish pressure strengthened following recent selling activity across long-term and short-term holders. Whales have been weathering the selling pressure after increasing their holdings by 410K ETH. ETH could decline toward the $3,000 psychological level if it breaches the $3,250 support. Ethereum (ETH) is up 4% on Monday despite increased selling pressure across long-term and short-term holders in the past two days. If whales fail to maintain their recent buy-the-dip attitude, ETH risks a decline below $3,000. Ethereum investors step up selling pressure, whales buy the dip Ethereum has been witnessing a surge in bearish sentiment after experiencing double-digit losses…
The popular non-fungible token (NFT) marketplace Magic Eden has seen the ME Foundation recently launch its ME token via an airdrop to the platform’s users. One airdrop farmer, according to blockchain data, managed to make over $2 million through it via 1,350 wallets. According to data shared by on-chain analysis platform Lookonchain, the airdrop hunter managed to claim 398,399 ME tokens worth around $2.14 million via their 1,350 wallets, and sold 54,930 ME for a $477,000 gain on a decentralized exchange at $8.68, while transferring the remaining tokens to leading cryptocurrency trading platform Binance. The tokens sent to Binance were…
The United Arab Emirates’ Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority to combat virtual assets-related crime. Strengthening Risk Mitigation Frameworks The United Arab Emirates (UAE)’s Interior Ministry has signed a memorandum of understanding with the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) to enhance coordination in combating virtual assets-related crime. The agreement commits the ministry and the authority to share information and strengthen risk mitigation frameworks. According to a report, the agreement also aims to support the UAE’s strategy to protect its financial system against evolving threats in…
A few days after Metamask and Mastercard came together to launch a pilot program for a crypto debit card in the US, crypto purists are not having it. A large section is criticizing the move, saying that it undermines the ethos of cryptocurrency. With the debit card, users can spend directly from their Metamask wallets, simplifying crypto transactions. They can convert their crypto into fiat currency in real-time as they transact through Linea, a speedy layer-2 network from Ethereum. Disgruntled crypto stakeholders raise concerns The launch of the Metamask debit cards has raised serious concerns among crypto users. They argue…