Author: NBTC
President Joe Biden is staying put in his re-election campaign, despite the intense pressure from his own party to back down. Along with influential donors, the Dems are losing hopes of Biden beating Donald Trump, especially since he flunked the first presidential debate ten days ago. But Biden has shown absolutely no signs of planning to step aside for Kamala Harris. He did an interview with ABC News yesterday, trying to assure voters that he’s fit and good to go. As evident by multiple polling data, he failed. At the moment, he is said to be getting ready to host…
A quant has explained what a potential leading Bitcoin indicator could say about what’s next for the cryptocurrency’s price. Bitcoin Coinbase Premium May Hold The Answer To Where BTC Goes Next In a CryptoQuant Quicktake post, an analyst has talked about the trend currently taking place in the Bitcoin Coinbase Premium. “We can use the trend of Coinbase Premium as a leading indicator of the future direction of BTC price,” notes the quant. The “Coinbase Premium” is a metric that keeps track of the difference between the Bitcoin price listed on the cryptocurrency exchanges Coinbase (USD pair) and Binance (USDT…
VeChain filed an application for V3TR earlier this year, covering the electronic transfer of digital currencies via devices and communication networks. The trademark positions the network for major central bank partnerships, as it caters to existing digital currencies and any future token at a time of booming tokenisation. VeChain could become the first global blockchain network to strike partnerships with key central banks globally after filing its V3TR trademark application this year. As Crypto News Flash reported, the VeChain Foundation filed a patent application with the US Patents and Trademark Office (USPTO). 🚀 #VeChain’s pending trademark is a game-changer! From…
With game tokens down 37% overall in 2024, there’s been some trash talk saying Web3 gaming is dead. But crypto is cyclical, and the current downturn is nothing we haven’t seen before. As angel investors focused on seed and pre-seed, we think this is a wonderful time to invest. Having emerged from the Crypto Winter, but not yet priced out by the utter madness of the crypto bull run and its ridiculous valuations, this is a special time when builders are pitching mind-bending new ideas and shipping intriguing MVPs. And, guided by the thesis that Web3 gaming will move us…
The Base Blockchain’s ecosystem is seeing strong growth, helped by the strong performance of its decentralised finance (DeFi) and meme coins. The network has continued climbing the DeFi ecosystem ladder, becoming the seventh-biggest player in the industry. It has over $1.7 billion in total value locked (TVL), making it the 7th biggest chain after Ethereum, Solana, Tron, Binance Chain, Arbitrum, and Blast. Like Solana, a popular name in the meme coin industry, Base Blockchain has attracted several meme coins. Brett, the biggest meme coin in Base, has attained a market cap of almost $1 billion. This is a remarkable amount…
A recent court filing in the case against Samourai Wallet founders Keonne Rordiguez and William Lonergan Hill (aka TDev) reveals that the U.S. Government has agreed to release Hill on bail. According to the filing, Hill is set to make his initial court appearance in the Southern District of New York on July 9 or 10, 2024, following his extradition from Portugal. The filing states that both parties have agreed to Hill’s release on bail, with his defense team requesting that he be released to his home in Lisbon, Portugal, pending trial. However, the U.S. government opposes this, suggesting that…
Crypto as a whole is, I think, at something of an inflection point. With the recent “bull run” either on hold or cut short with prices below 2021 highs, the mounting crypto-speculative mania of the past decade seems to have settled down. That puts a premium on products that deliver, instead of just making big promises. That includes blockchain-backed gaming, which has been on the horizon since the announcement of Ethereum, and which I’m happy to report is actually becoming a Real Thing. In the past, “blockchain games” have often been hasty cash-ins designed to entice speculators rather than players.…
Ripple moves a combined volume of 3 billion XRP, representing 5.4% of the circulating supply, across eight transactions in 30 minutes. The transactions, tracked by crypto monitoring resource Whale Alert, pertained to the American payment company’s routine escrow executions and creations. Notably, in addition to this month’s escrow release, Ripple carried out an additional six significant transfers, which have garnered attention. Prominent crypto commentator Marty Party called attention to the fund flow, which amounted to over $1.5 billion. XRP Whale trades: Starting 1 hour ago (5.4% of $XRP circulating supply moved): – 2:30pm 200,000 $XRP– 2:34pm 300,000 $XRP– 2:38pm 500,000…
Following over 44,000 comments to the IRS on the proposed rules around 1099 reporting for crypto exchanges that have now been (partially) codified into comprehensive tax policy, effective for transactions beginning January 1, 2025, crypto investors and traders might be left with questions about what these rules are. Especially considering that the content, enforcement, and timing of the multiple crypto tax changes has been hotly debated for several years at this point, it is worth taking a look at what is in the final (for now) version of these changes. As opposed to previous years where the IRS was the…
A recent SEC filing revealed that Bracebridge Capital has invested $363 million in spot Bitcoin exchange-traded funds (ETFs). This Boston-based hedge fund has hefty stakes in the Ark 21Shares Bitcoin ETF (ARKB), Grayscale Bitcoin Trust ETF (GBTC), and BlackRock’s iShares Bitcoin Trust (IBIT). This move highlights the growing institutional interest in cryptocurrency. Institutional Investments in Bitcoin ETFs Surge Amid Heavy Outflows Bloomberg Intelligence data reveals Bracebridge Capital holds $262 million in ARKB, $81 million in IBIT, and $20 million in GBTC. The data further shows that Bracebridge Capital is the biggest holder of ARKB. This is particularly noteworthy given that…