Author: NBTC

The price of Bitcoin is on track to at least double if the current breakout proves to be genuine, according to a new analysis by Ecoinometrics. Bitcoin battled bearish momentum on Wednesday, which saw its price tank to $65,188 after trading at a three-month high of $69,500 on Monday. Meanwhile, a recovery is already in progress. Bitcoin has posted a mild 0.3% gain today, trading at $67,132. While opinions vary on whether Bitcoin will surpass $70,000 or drop below $60,000, Ecoinometrics has provided a bold analysis suggesting that Bitcoin’s price must at least double in the next 12 months. Why…

Residents can now use cryptocurrency to legally purchase real estate in South Africa in a first-of-its-kind offering. Real Estate Purchases Made Easy With Crypto Schindlers Digital Assets along with Schindlers Attorneys and Broll Auctions and Sales have developed the first legally-compliant process for crypto holders in South Africa to buy real estate with bitcoin or ethereum. As a financial services provider, Schindlers Digital Assets offers crypto conversion services that adhere to financial regulation for crypto holders in South Africa. This partnership has allowed Schindlers to expand its crypto offering by enabling buyers invest in real estate with confidence using digital…

Historically, the fourth quarter often brings notable gains for cryptocurrencies, and with November underway, crypto whales are strategically positioning themselves for potential profits. These large holders, who heavily influence price trends, are closely eyeing assets with strong growth potential. By analyzing on-chain data, BeInCrypto identifies the altcoins that crypto whales are buying this month, offering valuable insights for retail investors looking to follow the “smart money” in the crypto market. Maker (MKR) MKR, the Maker Protocol’s governance token, tops this list of tokens that crypto whales are buying for potential gains in November. According to IntoTheBlock, the large holders’ netflow,…

Co-founder and CEO of Robinhood, Vlad Tenev, commented on Britain’s hawkish approach to crypto, especially when compared to gambling. In an interview with the Times, Tenev expressed his desire to expand Robinhood’s business into the UK, highlighting its potential to become a “financial home in the UK market.” Robinhood first began offering shares to the UK market last year. The crypto-focused financial firm opened its margin trading last month, giving customers the opportunity to place even bigger bets by taking out loans from the firm. “It’s pretty clear that [British] customers love the product, and they’re looking to bring all…

Founder and CEO of on-chain data aggregator CryptoQuant has shared several key reasons why he expects that in six years, the initial vision that Satoshi Nakamoto had for Bitcoin is likely to finally come true. “Bitcoin likely to become “currency” by 2030″ Ki Young Ju, the founder and chief executive officer at CryptoQuant, addressed the Bitcoin community to share his expectations regarding Bitcoin’s prospects as a currency (as opposed to a store-of-value). He believes that the flagship crypto is likely to be used as an actual currency in six years already and shared several big reasons for that. First of…

Options tied to Defiance’s 2X long MicroStrategy ETF (MSTX) exhibit extreme bullish positioning. The leveraged ETF is designed to two times or 200% of the daily performance of MSTR’s share price. The crypto market right now is like a roller coaster racing ahead and then adding a few extra loops for good measure, pushing the thrill and risk to new heights. With bitcoin (BTC) on the run toward the $100,000 mark, traders are using options tied to an already leveraged 2x long exchange-traded fund (ETF) tied to bitcoin holder MicroStrategy’s share price to amplify gains. The Defiance Daily Target 2X…

Shytoshi Kusama, the enigmatic leader of the Shiba Inu ecosystem, seeks to present a 10-minute pitch about SHIB’s potential to Ethereum co-founder Vitalik Buterin. Kusama made the request today in reaction to Buterin’s recent comment about Shiba Inu’s rival Dogecoin (DOGE). Buterin: Dogecoin Deserves to be Second Biggest Crypto In a viral video making rounds within the crypto community, Buterin suggested that Dogecoin deserves to be ranked as the second-biggest crypto after Bitcoin. $DOGE deserves to be rank 2 or 3 #Ethereum founder – Vitalik 🐕🐕🐕🚀🐕💯 pic.twitter.com/MRHUKE8Aod — TESLARAN (@teslaran_doge) October 29, 2024 The Ethereum co-founder made this suggestion during…

Cardano founder Charles Hoskinson has updated the crypto community on his quest to drive the creation of a comprehensive crypto regulatory framework. Hoskinson stated that the conversations to create a working cryptocurrency regulatory framework in the United States have gained momentum. In a November 17 “Surprise AMA,” he disclosed his latest contacts with the government and notable crypto industry leaders, outlining what the sector aims to achieve ultimately. Hoskinson Reveals Contact with Lawmakers, Crypto Leaders In the podcast, Hoskinson disclosed his active engagement with US lawmakers to discuss crypto regulation. He stated he has had meetings with senators and policymakers,…

Reddit’s r/cryptocurrency community, with 8.8 million users, has partnered with Unstoppable Domains to launch .MOON, the first Reddit community-based blockchain domain. The new domain, built on the Polygon blockchain, allows Reddit’s crypto community members to establish digital identities and interact with over 865 blockchain applications and wallets. “We at r/cryptocurrency have always been focused on community empowerment, and launching .MOON domains is the next big step in that journey,” said John Murphy, Treasurer of MOON DAO. The .MOON domain enables users to send and receive crypto assets and NFTs while creating unique digital profiles. It integrates with Unstoppable Domains’ ecosystem,…

Bitcoin rises above $67K again amid U.S. election-driven optimism, as analyst says the latest minor correction is close to over. Bitcoin’s recent uptick above $67,000 has triggered fresh investor interest, positioning BTC near the $70,000 threshold. Notably, a market watcher suggests that Bitcoin’s upward trend aligns with macroeconomic events expected to unfold, including the start of a critical election period. Bitcoin’s Correction Almost Over Michaël van de Poppe, a crypto analyst, confirmed that Bitcoin briefly dipped to the $65,000 range before reversing upward. He indicated that the current minor price correction may be ending. Indeed, #Bitcoin dropped to the $65K…