Author: NBTC
Bitcoin Effect on Ethereum On December 5th, 2024, Ethereum (ETH) reached an impressive intraday high around $3,950, signaling a potential rally as Bitcoin (BTC) recently surpassed $100,000 for the first time in history. With this milestone, many crypto enthusiasts are turning their attention to Ethereum, wondering if it can reach its intra-year high of $4,088 once again—and possibly even surpass its all-time high (ATH) of $4,892. Focusing on the main resistance level, the $4k mark is like $100k for Bitcoin which now hovers around $102k. As the crypto market continues to evolve, what are the chances for Ethereum to not…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. A fund issuer has adjusted several of its crypto ETFs to accommodate those seeking a different type of exposure to the space. They’re crypto futures funds that had lost some luster when spot products became available — but now feature a twist. Bitwise officially converted three of its futures-based ETFs to “Trendwise” products that rotate between crypto and US Treasurys based on crypto market price trends. Essentially the funds will stick to investing in crypto futures when the 10-day exponential moving average of the price of…
VePassport integrates Proof of Personhood with VeWorld Wallets to safeguard decision-making from malicious entities. VeBetterDAO has updated its interface, including a “Better Actions” tab for tracking user impact and a delegation feature for vote transfers. VeChain has unveiled VePassport, a decentralized identification system that enables governance security and user rewards within VeBetterDAO. This new tool seeks to reduce the scourge of Sybil attacks in decentralized governance by implementing measures that make it possible for only true people to vote and get rewards. Moreover, VePassport ensures that people’s real actions and their real assets are tied to their identity. How Does…
Crypto banking activity was paused or prevented by the Federal Deposit Insurance Corp. at a large number of U.S. banks in 2022, according to communications pried loose by a research firm hired by Coinbase Inc. (COIN). Coinbase’s hired help, History Associates Inc., had taken the FDIC and the Securities and Exchange Commission to court in June and finally won access to certain internal FDIC communications. The heavily-redacted documents emerged on Friday, showing the banking regulator slamming the brakes on lenders offering or considering products and services in the digital assets sector. “We respectfully ask that you pause all crypto asset-related…
Binance Futures has announced plans to delist USDⓈ-M MAVIAUSDT, OMGUSDT, and BONDUSDT perpetual contracts. Binance Futures to Delist Three Perpetual Contracts on December 16 The delisting will take place after automatic reconciliation at 12:00 on December 16, 2024 and will mean the removal of these contracts from the platform. Basic Details of Delisting Position Closures: Users are advised to close their open positions prior to the delisting time to avoid automatic reconciliation by Binance. Restriction on New Positions: Starting at 11:30 AM on December 16, 2024, investors will not be able to open new positions in the affected contracts. Settlement…
Bitcoin and other cryptocurrencies started the week well, buoyed by ongoing stimulus discussions in China, the world’s second-largest economy. Bitcoin (BTC) crossed the important resistance point of $65,000 for the first time since Sept. 30. It has risen by over 10% from its lowest level this month and by 32% from its August low, signaling that it is in a bull market. Bitcoin’s surge coincided with a strong rally in the global equity market after Chinese officials unveiled a series of stimulus measures. The Shanghai Composite Index rose by 2%, while the Shenzhen index increased by 2.65%. A similar trend…
The cryptocurrency market is buzzing with excitement as Bitcoin breaks the $100K mark, marking a significant achievement for the growth of the Web3 industry. This bullish momentum is gradually spreading to the altcoin market, with investors actively searching for promising assets that could replicate Bitcoin’s rally. Ethereum price shows potential for such a rally as whale buying shows investors anticipation for a key breakout. Currently, the ETH price trades at $3,887 with an intraday gain of 1.3%. According to Coingecko, the global crypto market cap is at $3.8 Trillion, while the 24-hour trading volume is at $483.2 Billion. Key Highlights:…
Chicago Fed President Austan Goolsbee expressed optimism that interest rates will be lowered significantly next year. Speaking at a keynote hosted by Crain’s Chicago Business Editor-in-Chief Ann Dwyer, Goolsbee addressed the challenges and opportunities facing the U.S. economy and monetary policy. “We have very few tools. I told you we can only tighten or loosen,” Goolsbee explained. While monetary tightening helps combat inflation, he noted that raising interest rates too high risks unintended economic consequences. “The only way to create deflation for the economy as a whole is to crash it,” he said, drawing historical comparisons such as the Great…
Realms has been in the business of crypto-governance for nearly as long the blockchain it’s built on – Solana (SOL) – has been around. Its new leaders want to start turning a profit. The hub for crypto apps’ voting, decision-making and treasury is under new management, an entity called “Realms Today Trust.” It’s a big change for the project built by all-important Solana Labs to give its blockchains’ many startups a place to manage their politics. “We need to develop profit services, that way we can continue it,” said Dean Pappas, a longtime Realms contributor and one of the four…
The Czech Republic Parliament reportedly passed a law that would exempt Bitcoin held for more than three years from capital tax gains, placing it on the same level as stocks. According to a video by Braiins mining’s Chief of Propaganda, Kristian Csepcsar, the Czech Republic Parliament has unanimously agreed to exempt capital gains tax on Bitcoin (BTC) held for more than three years. Previously, capital gains that came from owning Bitcoin was subject to a 21% corporate income tax. Not only that, the parliament has also agreed on a set of new laws that would serve to benefit Bitcoin holders…