Author: NBTC

South Korea’s President Yoon declares martial law, citing government paralysis. BTC/KRW trading pair on Upbit exchange experiences a sharp 30% decline. Investors react to escalating political tensions, impacting the crypto market. South Korea’s political crisis sends shockwaves through the cryptocurrency market as the BTC/KRW pair plunges, reflecting investor panic amidst government turmoil. President Yoon Declares Martial Law Amid Political Gridlock South Korean President Yoon has made an unprecedented move by declaring martial law, citing a complete breakdown of government administration due to opposition party actions. This announcement comes at a time of heightened political instability, raising concerns about the nation’s…

According to technical on-chain data, Bitcoin is on track to hit $233K, which could come as early as Q1 2025. The long-awaited “Uptober” bull run is finally here, with BTC trading above $65K in the last two days. In the latest BTC price prediction, X analytics account Bitcoindata21 used the relative strength index (RSI) to estimate six figures for BTC/USD. At present, Bitcoin (BTC) price stands at $65,696, up 1.2% in the last 24 hours. BTC’s value is 5% higher than it was a week ago. Using standard deviation to monthly RSI, Bitcoindata21 estimates that the current bull market’s peak…

Ethereum (ETH) has been on a strong rally, with its price rising from $2,400 to $3,700 in recent weeks. This surge has captured the attention of traders and investors, fueling optimism about ETH’s future. However, according to pseudonymous analyst VentureFounder, Ethereum is primed for an even larger rally, potentially reaching $7,346. Despite the bullish outlook, Ethereum’s foundation remains slightly unstable, with concerns over long-term holder (LTH) behavior and market volatility. While a major breakout is anticipated, caution remains as Ethereum navigates these critical phases. Ethereum Has a Strategic Rise Ahead Analyst venturefounder suggests that Ethereum is currently forming a “cup…

The patent, developed by VeChain’s subsidiary NanoJClean Technology, enhances the security and efficiency of temperature data collection using blockchain technology. Despite the patent approval, VeChain’s token (VET) faces a downtrend, with a 2.85% price drop to $0.02274. VeChain, a leading blockchain platform focused on supply chain management, has secured another major U.S.-approved patent. The patent focuses on temperature data recording in cold chain transportation. Moreover, it was granted on October 15, 2024, under the patent number US 12,118,129 B2. VeChain Secures New Patent Grant In US This marks VeChain’s third patent in the past three months obtained through its offshore…

Brian Armstrong, CEO of Coinbase, has branded America’s current Anti-Money Laundering (AML) regulations an economic disaster. He said these rules bleed $213 billion from the global economy every year while failing miserably to curb criminal activity. Brian cited a report from the United Nations, revealing that just 0.2% of illicit transactions are intercepted. “Sounds like a job for Elon Musk’s Department of Government Efficiency (D.O.G.E),” Brian quipped. He laid bare the root cause of the widespread “debanking” phenomenon: regulators have handed the job of enforcing money-laundering laws to financial institutions. Banks risk nine- or ten-figure fines if they slip up.…

Dtcpay, a Singapore-licensed cryptocurrency payment platform, has announced that it will phase out support for Bitcoin (BTC) and Ethereum (ETH) by the end of 2024 and focus solely on fiat and stablecoin transactions starting in January 2025. This move reflects Dtcpay’s commitment to offering a more secure, predictable, and regulatory-compliant payment solution. Dtcpay to shift to fiat and stablecoin-only payment services According to the Dtcpay announcement, Dtcpay will transition to exclusively support fiat and stablecoins such as Tether’s USDT, USD Coin (USDC), and two newer additions to its platform: First Digital USD (FDUSD) and Worldwide USD (WUSD). The company’s move…

Bitcoin Futures open interest is nearing all-time highs, currently valued at approximately 478k BTC ($31.8 billion). Open interest in cash-margined futures has reached an all-time high of 384k BTC ($25.5 billion), driven primarily by institutional activity on the CME. Crypto-margin as a percentage of total open interest is approaching an all-time low, currently around 18.5%. Cash-margined bitcoin (BTC) futures contracts are more popular than ever. Open interest in cash-margined futures hit an all-time high of 384,000 BTC ($25.5 billion) on Monday, surpassing the November 2022 peak of 376,000 BTC, when bitcoin traded near $16,000, according to data source Glassnode. The…

Ethereum (ETH), the second-largest cryptocurrency by market capitalization, continues its movement toward $4,000 amid broader market volatility. Bitcoin (BTC), the leading digital asset, declined to a low of $93,720 the day before, climbing to its current price of $96,350. Optimism on Ethereum market Meanwhile, Ethereum consistently moved in an uptrend during the day. At press time, ETH’s price traded at $3,743, up 5.74% in the last 24 hours and 6.73% in the past week. The daily trading volume further reinforces the bullish momentum, increasing by 4% to over $42 billion. The surge shows increased investor activity on the Ethereum market.…

Goatseus Maximus, a new Pump.fun meme coin surged by over 50% after being listed by several exchanges and as its volume jumped. The Goatseus Maximus (GOAT) rose to a record high of $0.6794, much higher than last week’s low of $0.045. Its market cap has jumped from about $48 million in this period to $668 million to $668 million. This surge was driven by three main factors. First, its futures contract was added by Bybit, one of the biggest crypto exchanges in the industry. The listing gives users the ability to trade with up to 12.5x leverage. GOAT will also…

Investment opinion leaders, including Tesla CEO Elon Musk and market analyst Mario Nawfal, have cited interests from top investors as the reason Sam Bankman-Fried’s fraudulent scheme lasted as long as it did. Musk highlighted the oddity of the scenario, considering Marc Andreessen’s recent submission that the government debanked 30 tech founders. That does seem odd, given that, unlike the founders Andreessen referred to who were debanked, SBF committed massive fraud https://t.co/pr8iL8exPu — Elon Musk (@elonmusk) November 30, 2024 Andreessen accused the U.S. Democratic Party of attacking the crypto industry using the system. He cited activities by the past and present…