Author: NBTC
State Duma lawmaker Adam Delimkhanov says crypto miners in Chechnya will be equated with terrorists, following the ban on cryptocurrency mining in several regions in Russia starting in January 2025. According to Russian news outlet Tsargrad TV, Delimkhanov stated that starting from Jan. 1, 2025 cryptocurrency mining will be deemed illegal in the Chechen Republic. Therefore, anyone found mining crypto in the region will be punished severely. “We will equate them with terrorists, since their actions harm the whole society,” the deputy said, adding that he was relaying the words of Chechen Head of State Ramzan Kadyrov. Delimkhanov explained that…
A historic event in the development of blockchain gaming occurred when Orochi Network and Zypher Network signed a strategic partnership agreement. This partnership uses complementary features of both networks to improve security, scalability, and features within the gaming space with the power of Zero-Knowledge Proofs (ZKPs). 🚀 Gmorochi! Our launch has been completed on @Zypher_Network – The Verifiable Data & Asset protocol for high-performance apps.Stay tuned for more innovations, including zkDatabase aaS and zkDA Layer, set to revolutionize blockchain data reliability. 🌟 pic.twitter.com/0C9LW4N174 — Orochi Network (@OrochiNetwork) December 30, 2024 About the Networks Approved by the Ethereum Foundation, Orochi is…
Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has taken to his X account to share part of the recent report published by the analytics agency he works for and mention that Bitcoin and a few other assets have been massively outpacing one fundamental asset lately – crude oil. Bitcoin beats crude oil, McGlone explains why In his tweet, McGlone stated that crude oil currently is on the bottom of his “annual macroeconomic-performance scorecard”, while Bitcoin, gold, and S&P 500 index are on top of it. Bitcoin and the other two outperforming crude oil is down to the rapidly…
Solana (SOL) is attracting more stablecoins in the past day, as liquidity shifts to the most promising markets. A shift to DeFi lending and DEX activities is driving the trend. Solana (SOL) is setting out as one of the most active chains for 2024. Solana saw increased stablecoin inflows in the last days of the year, surpassing all other chains. Based on data by Lookonchain, Solana attracted more than $454M in stablecoin inflows in the past week. Methods for tracking inflows differ, but the overall trend is for more active bridging of stablecoins into Solana’s apps and lending pools. Solana…
Billy Markus, who created the original meme cryptocurrency Dogecoin (DOGE) with Jackson Palmer in 2013, has taken to his account on the X platform to reflect on the fact that recently he has changed his attitude toward cryptocurrencies. He also took a jab at the conventional banking system, adding emphasis to his statement on crypto. Billy Markus is widely known on social media under pseudonym Shibetoshi Nakamoto, which is an ironic reference to the Bitcoin creator Satoshi. DOGE founder likes crypto much better now In a fresh tweet, Markus admitted that he was beginning to “appreciate cryptocurrency so much more…
Blockstream has announced a strategic partnership between zkLink Labs to develop zero-knowledge crypto encryption and cross-chain compatibility in the digital asset ecosystem. Blockstream shared the development on the X social media today December 30. zkLink Labs is a multi-rollup and multi-chain layer 3 infrastructure that uses zero –technology to unite liquidity access across interlinked blockchains. In other words, its mission is to resolve various hurdles in the landscape of multi-chain trading. On the other hand, Blockstream is a provider of blockchain technologies, striving to develop the foundations for the future’s financial infrastructure. This partnership allows Blockstream to integrate with more…
Bitcoin (BTC) has been consolidating below the $100,000 psychological resistance since breaking out of a seven-month downtrend in November. Now, traders are cautiously looking at key levels that BTC needs to reclaim before trying a new price rally above $100k. In particular, CrypNuevo has set a key price target to validate the upward momentum and a potential $100,000 breakout. According to a post on November 29, the trader is ready to open long positions if Bitcoin reclaims $98,300. “If we want to see a push higher to $104k-$105k , then Bitcoin needs to get back above this key level: $98.3k.…
Ethereum (ETH) was still the leader of DEX activity for 2024, at least in terms of trading volumes. The Uniswap V3 contract was among the most widely used throughout the year, offering the best liquidity for wrapped ETH and stablecoins. Ethereum still surpassed other chains in its yearly DEX activity and volumes. Despite lagging meme token launches, Ethereum hosted significant liquidity through Uniswap V3, which still has not been replaced on L2 chains or any other network. In the past 12 months, Ethereum DEX achieved $674B in trading volumes, still surpassing Solana’s $626B. BNB Chain took the third spot with…
A market pundit has recently presented how the forthcoming Ripple stablecoin RLUSD could help boost XRP prices. Ripple’s stablecoin, RLUSD, is poised for launch before the end of this month, pending regulatory approval from New York authorities. While reports suggested a launch three days back, Ripple has debunked these, confirming that it is still awaiting approval. Meanwhile, speculation around RLUSD has triggered discussions about its potential impact on XRP, with Lakeita Powell, a market observer, recently presenting theories about how this development could influence its price trajectory. RLUSD as a Stable Medium for Transactions The commentary noted that a key…
Bitcoin is closing out one of its most remarkable months in history, surging over $30,000 in November and marking a renewed bullish sentiment in the market. As we look ahead to December and beyond, investors are eager to understand whether Bitcoin’s momentum can sustain itself into 2025. With macroeconomic conditions, historical trends, and on-chain data aligning in Bitcoin’s favor, let’s analyze what’s happening and what it could mean for the future. November’s Record-Breaking Performance November 2024 wasn’t just any month for Bitcoin; it was historic. Bitcoin’s price rose from around $67,000 to nearly $100,000, an approximate 50% peak-to-trough increase, making…