Author: NBTC

One of the more impressive runs higher ever seen in stocks took at least a brief breather on Thursday, with Bitcoin Development Company MicroStrategy (MSTR) sporting a double-digit percentage loss even as the price of bitcoin (BTC) surged to a new record high just shy of $100,000. At one point lower by more than 20%, MicroStrategy closed the session down 16.2%. The move isn’t much more than a large blip on the longer-term chart, with shares still higher by more than five-fold for 2024 and ahead nearly eight times from its level of one year ago. “MicroStrategy’s [valuation] has completely…

Gary Gensler, who took the helm of the U.S. Securities and Exchange Commission (SEC) in April 2021, has been one of the most polarizing figures in financial regulation in recent years. His tenure has been marked by bold reforms, fierce debates, and an unrelenting focus on cryptocurrencies. While he has won praise for his efforts to modernize financial markets and protect investors, his approach to regulating the crypto sector has drawn sharp criticism. This comes amid recent speculation about his resignation. A Legacy of Modernizing Financial Regulation From the outset, Gensler aimed to bring sweeping changes to the SEC, focusing…

“It’s mostly paranoid crypto anarchists that say that.” With these eight words, issued on the “Markets with Madison” podcast this week, Microstrategy CEO Michael Saylor evoked outrage from just about everyone in Bitcoin. Shinobi called him a “spook.” Carvalho was confused. Svetski claimed this will start the next Fork Wars. Put simply, Saylor said a bad thing. He broke the taboo. He said you’re better off trusting your Bitcoin in state custody than holding your own private keys, then went further, calling out all of the businesses engaged in custody projects by calling them effectively bullshit salesmen. It was, shall…

Ethereum price prediction and analysis shows a mixed picture with a 1.1% decline over 24 hours and a 2.3% drop in the past week. Meanwwhile maintaining stronger gains of 17.8% over two weeks and 53.2% yearly. Analysts are divided on ETH’s potential to outperform Bitcoin in the coming market cycle. With Ethereum price prediction ranging from significant outperformance to continued relative decline. Ethereum likely to outperform Bitcoin According to analyst Ali’s Ethereum price prediction, historical market cycles consistently feature a phase where Ethereum outperforms Bitcoin. This phenomenon is yet to occur in the current cycle. #Ethereum $ETH is about to…

CMC Markets (LON: CMCX), known for its CFD offerings, has written off its £2.8 million investment in Strike X, a customer-centric blockchain solutions business it acquired in June 2023. CMC’s Failed Entry into Blockchain The London-headquartered CFDs broker holds a 33% stake in Strike X Technologies, which, at the time of the investment, marked its entrance into the blockchain space. However, the broker has now concluded that the investment amount is not recoverable, writing off the full carrying value. Lord Cruddas, CMC Markets Chief Executive and Founder, Source: CMC The broker also noted that Strike X is actively seeking third-party…

VeChain (VET) has unveiled VePassport – a system designed to use several modules to filter real wallets from bots during voting. Using the proof of investment module, legitimate wallets would be determined by those that hold a GM NFT with a level of more than one. VeChain (VET) has officially announced the launch of VePassport on VeBetterDAO to advance the fight against Sybil attacks and secure its environment while making the ecosystem more transparent and sustainable. #VeChain has introduced #VePassport on #VeBetterDAO—a powerful “Proof of Personhood” solution for fairer, Sybil-resistant decentralized governance. With features like participation tracking, equity proof, and…

The transition team of President-elect Donald Trump is reportedly discussing creating a new role within the White House dedicated exclusively to cryptocurrency policy. The discussions come as Trump prepares to take office, with industry leaders engaging in meetings to shape the potential role. A Groundbreaking Initiative in Cryptocurrency Policy If established, this groundbreaking position would mark the first-ever crypto-specific post at the federal level, as noted by the industry enthusiast Crypto Mutant via the X platform to his 98,000 followers. This move will signify the growing influence of the digital asset industry in shaping government regulations and policy. https://x.com/CryptoMutant/status/1859443580559032575 Reports…

Bitcoin’s (BTC) path toward $70,000 has seemingly stalled, with analysts identifying conditions the digital asset must meet or risk witnessing dominance by bears. The asset is undergoing a short-term correction and faces a crucial technical test as it trades close to a major resistance zone formed by its all-time high trendline following a period of volatility and consolidation, according to an analysis by TrendSpider on October 22. The analysts agreed that Bitcoin’s path from the current levels is straightforward, where the asset must convert this long-standing resistance zone of $70,000 into a support level. Notably, Bitcoin has faced multiple rejection…

Ethereum price started a fresh increase above the $3,220 zone. ETH is rising and aiming for more gains above the $3,350 resistance. Ethereum started a fresh increase above the $3,220 and $3,300 levels. The price is trading above $3,250 and the 100-hourly Simple Moving Average. There is a short-term contracting triangle forming with resistance at $3,360 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,385 resistance zone. Ethereum Price Regains Traction Ethereum price remained supported above $3,000 and started a fresh increase like Bitcoin. ETH gained pace for…

India’s economy is juggling two realities: a sluggish manufacturing sector and booming growth in services and crypto. November’s numbers are out, and they tell a story of highs and lows that reflect the country’s complex economic situation. Manufacturing slowed, services soared, and crypto continues to dominate despite regulatory crackdowns and heavy taxation. The manufacturing purchasing managers’ index (PMI) fell slightly to 57.3 from October’s 57.5. In contrast, the services index rose to 59.2 from 58.5, according to preliminary data from HSBC Holdings. Together, they nudged the composite index up to 59.5, a minor increase from 59.1. A PMI above 50…