Author: NBTC

The leading cryptocurrency Bitcoin (BTC) excited investors by reaching as high as $69,500 at the beginning of the week, but then fell to $66,000. While this decline has raised concerns, popular analyst Michael van de Poppe has claimed that Bitcoin will reach a new all-time high in a few weeks. Stating that he is optimistic about Bitcoin, Poppe said that he sees the solid decline as a healthy correction. Sharing his analysis from his X account, the analyst remained bullish on BTC and argued that a new ATH could occur in the next two to four weeks. This ATH will…

In a crucial month for crypto markets, October has seen several projects standing as the top performers. As per Phoenix Group, $VISTA, $VIRTUAL, $STFX, $CVP, $WELL, $INSP, $TROY, $RAY, $HEART, and $MATH led the market in October. The crypto analytics firm provided the details about their performance in its latest list on social media. BEST PERFORMING PROJECTS IN THE LAST MONTH $VISTA #VIRTUAL $STFX $CVP $WELL $INSP $TROY $RAY $HEART $MATH $INST $DEAI $OLAS $CPOOL $NOS pic.twitter.com/d2eyya8P9F — PHOENIX – Crypto News & Analytics (@pnxgrp) November 1, 2024 $VISTA Leads the List of Top Crypto Projects Based on 1-Month Price…

The US District Court for the Northern District of California has ruled that decentralized autonomous organizations (DAOs) can face legal liability under general partnership laws. Judge Vince Chhabria’s decision, delivered on Nov. 18, establishes that DAOs and their identifiable members can be held accountable for legal actions. This judgment emerged from a lawsuit involving Lido DAO, a decentralized autonomous organization behind the Ethereum liquid staking protocol. The organization attempted to avoid liability by claiming it was not a legal entity. However, the court determined that Lido DAO operates as a general partnership. The Judge wrote: “The Lido DAO general partnership…

An unidentified cryptocurrency trader is capitalizing on the growing meme coins boom, earning significant returns on their Goatseus Maximus (GOAT) investments. Besides these returns, the investor’s trading pattern has raised questions about whether they are a highly skilled trader or have utilized insider knowledge in their transactions. Details of the trade indicate that the mysterious investor turned an initial $58,000 investment into a staggering $7.5 million by buying GOAT, according to on-chain analytics data shared by Arkham on November 1. The trader acquired approximately 1.5% of the total GOAT token supply shortly after its launch, which has since paid off…

Martin Gruenberg, Chairman of the U.S. Federal Deposit Insurance Corp. (FDIC), announced today that he’ll be stepping down on January 19, 2025, one day before Trump takes office. I’d like to take this opportunity to tell Mr. Gruenberg not to let the door hit him on the way out. The FDIC chair was one of the key players behind Operation Chokepoint 2.0 (as well as the first Operation Chokepoint), which included the unlawful debanking of a number of Bitcoin and crypto companies, which almost spurred a global financial crisis. During this tenure, Gruenberg directed the FDIC to take unlawful action…

SOL/BTC’s prolonged triangular consolidation has ended with a bullish breakout. Solana-based decentralized exchanges register record weekly trading volume that’s bigger than the combined activity in Ethereum, Base and BSC. It’s said that the best trades occur when the tape, or the direction of the price trend, aligns perfectly with the fundamentals. The solana-bitcoin (SOL/BTC) ratio appears to be one of those rare cases, showcasing a solid bullish price pattern supported by equally impressive activity on the Solana blockchain. Price Breakout The SOL/BTC ratio rose over 1% last week, moving out of a narrowing price range, referred to as triangular consolidation…

EigenLayer is one of the most prominent up-and-coming cryptocurrency projects, serving as a platform for crypto applications to “borrow” Ethereum’s security through a novel concept called “restaking.” Drake and Feist are among the best-known researchers at the non-profit Ethereum Foundation, which is responsible for stewarding the development of Ethereum, the largest smart-contract blockchain and the second-largest overall behind Bitcoin. In the spring, Drake and Feist publicly confirmed that they had each accepted advisory roles with EigenLayer. Each researcher was allotted a significant sum of EIGEN tokens in exchange for helping guide the upcoming project and its roadmap. The controversy surrounding…

Italy’s lawmakers are opposing government plans to increase capital gains taxes and widen the scope of its crypto assets. The proposals, central to Prime Minister Giorgia Meloni’s 2024 budget, are being criticized for potentially stifling innovation and affecting smaller businesses. Economy Minister Giancarlo Giorgetti proposed raising cryptocurrency capital gains taxes from 26% to 42%, aligning them with other financial income. However, some members of his ruling coalition are reportedly opposing the steep hike and suggesting capping the tax increase at 28%, Reuters reported. Amid the internal rift, Giorgetti has signaled a willingness to reconsider, exploring alternative taxation structures to resolve…

Leading cryptocurrency exchange Binance has announced that it has further expanded its offerings and enhanced user trading experience by adding new trading pairs and advanced Trading Bots services to its Spot platform. Binance Expands Spot Trading Pairs and Trading Bot Services Binance will open trading for the following pairs starting at 11:00 AM on November 20, 2024: ACT/BRL ACT/EUR CATI/USDC ETH/EURI LUMIA/TRY PNUT/BRL PNUT/EUR ETH/EURI Binance has launched a zero maker fee promotion for the ETH/EURI trading pair. This promotion will start with the launch of the new pair and will continue until further notice, providing users with cost-effective trading…

Crypto firm Canaan teamed up with a West Texas Bitcoin mining firm to boost its operations in Texas, expanding its North American footprint. Bitcoin (BTC) mining Canaan has entered into a joint mining agreement with Luna Squares Texas, a Texas crypto mining firm, as part of Canaan’s aim to reach 10 EH/s capacity by mid-2025. Under the terms, both companies will share Bitcoin revenue from Canaan’s Avalon mining machines, with the revenue split dependent on the model, Canaan said in a Nov. 20 press release. For Avalon A14 Series machines, each company will receive 50%, while for Avalon A15 Series…