Author: NBTC
The Litecoin development team has fiercely defended LTC and its founder Charlie Lee against accusations of unethical behavior and criticism of his past. The response came after a user claimed that Litecoin’s emergence and Charlie Lee’s actions represented an early example of a pump-and-dump scheme. The user compared the project negatively to Solana, claiming that Charlie Lee founded Litecoin, set aside a significant amount of supply for himself, and sold it at the height of the 2017 bull run. The comment accused the Litecoin founder of using the project for personal gain and argued that Solana deserves more respect for…
A Beijing court has sentenced Hao Gang, a former deputy director of the Beijing Financial Bureau, to 11 years in prison for bribery and Bitcoin-related money laundering. The ruling marks another significant step in China’s crackdown on financial misconduct linked to cryptocurrency. China Cracks Down on Bitcoin-Linked Corruption The court reportedly delivered its verdict on Thursday, February 6, after a two-year probe into Gang’s activities. Investigators found that he accepted tens of millions of yuan in bribes to assist Bitcoin mining firms facing regulatory challenges. Local reports also indicate that he helped a senior executive from a major mining company…
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question remains: can Bitcoin maintain its momentum? Top analyst Carl Runefelt shared a detailed technical analysis on X, highlighting a critical pattern forming in Bitcoin’s 1-hour time frame. According to Runefelt, Bitcoin is currently shaping a symmetrical triangle, a classic chart pattern that typically precedes a…
Ethereum (ETH) once again dipped to extremely low fees, showing the outflow of users. Gas prices moved down under 1 gWEI, or as low as $0.06 for regular transactions. Ethereum (ETH) signals lowered demand for transactions, as gas fees slide under 1 gWEI. This is the first period of low fees since September 2024, as ETH continues to trade around $2,700 with a more bearish sentiment. Ethereum gas fees fell as low as $0.06 based on their valuation under 1 gWEI, after an outflow of activity from the network. | Source: Etherscan As a result, basic swaps went as low…
Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked on long-term borrowing costs, specifically the 10-year Treasury yield. “He and I are focused on the 10-year Treasury,” Scott said. “He is not calling for the Fed to lower rates.” Scott’s claims are a bit odd since as Cryptopolitan reported on Jan. 24, Trump did say “I’ll demand that interest rates drop immediately. And likewise, they…
Cardano founder Charles Hoskinson has revealed that his team is having discussions with enterprise blockchain company Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. “We are actively talking,” he said in a recent post. This comes amid social media discussions about Cardano’s failure to integrate popular stablecoins such as USDC. The Switzerland-based Cardano Foundation had such an opportunity back in 2021, but a deal with Circle, the issuer of USDC, did not go through, according to Hoskinson. At the same, Hoskinson has rejected the idea of IOG funding such ecosystem initiatives, stating that the company’s private profits are…
Roger Ver, an early bitcoin investor and outspoken advocate for financial freedom, recently sat down with Mario Nawfal for a revealing interview about his ongoing legal battle. Roger Ver Speaks: ‘This Isn’t About Taxes It’s About My Political Views’ Roger Ver, who renounced his U.S. citizenship in 2014, faces allegations of tax evasion, charges he calls politically motivated. Now, with his final extradition appeal denied in Spain, he could be forcibly sent to the United States at any time. Ver described his ordeal as a targeted attack against those who challenge centralized financial systems. “This isn’t about taxes,” he said…
Data shows that a Bitcoin indicator has recently formed a pattern that has proved to be quite bullish regarding the cryptocurrency’s price. Bitcoin Coinbase Premium Index Has Crossed Above Its 14-Day SMA In a new post on X, the on-chain analytics firm CryptoQuant has discussed a pattern that has recently formed in the Bitcoin Coinbase Premium Index. The “Coinbase Premium Index” is an indicator that keeps track of the percentage difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). This indicator is useful for determining how the buying or selling behaviors differ between…
As Bitcoin fluctuates under the $98,000 mark, Ethereum is aiming to bounce back from its $2,700 support level. Despite a pullback of 3.38% over the past 28 hours, the intraday recovery of 2.2% limits the bearish intensity. The bulls are trying to make a comeback. Will this intraday pullback propel ETH price back above the $3,000 psychological mark? Let’s find out. Ethereum Price Downtrends Amid EMA Bearish Crossovers In the daily chart, the ETH price trend reveals the breakdown of a falling wedge pattern. Since then, alternating days of green and red candles continue for Ethereum, reflecting market uncertainty. Ethereum…
U.S. Treasury Secretary Scott Bessent said Wednesday that the Trump administration aims to reduce borrowing costs in the economy by lowering the yield on the 10-year Treasury note. “He and I are focused on the 10-year Treasury,” Bessent told Fox Business when asked about plans to lower interest rates. “He is not calling for the Fed to lower interest rates,” Bessent added. The 10-year yield, the so-called risk-free rate, influences most long-term loans in the economy, including mortgages and business loans. Thus, a declining 10-year yield encourages borrowing and investment, increasing risk-taking in the economy and financial markets. Thus, softening…