Author: NBTC

Bitcoin price today: $67,000 Bitcoin bounces off the $66,000 level, with a possible recovery on the cards. Glassnode weekly report highlights an increasing presence of institutional investors in the digital asset space. BTC Futures Open Interest recorded a new ATH of $32.9 billion, indicating an influx of capital. Bitcoin (BTC) bounced back to trade slightly above $67,000 on Thursday after three consecutive days of decline since Monday. Reports indicate a growing presence of institutional investors in the digital asset space, as evidenced by the new all-time high in Futures Open Interest, which suggests optimism for Bitcoin’s price outlook. Bitcoin short-term…

Today, Chainlink announced its latest ‘RoadToSmartCon’ event, highlighted by more than 40 new project partnerships. This ecosystem-centric event involved stakeholders in the blockchain space while capturing the growing importance of Chainlink’s technology across the DeFi, Web3, and Financial services industries. This month, 40+ teams announced Chainlink integrations on the #RoadToSmartCon.At the main event, 22 key ecosystem projects launched major products that are set to shape the future of our industry.Check the comments to learn about the projects that were part of the journey ↓ pic.twitter.com/VLuUzNf8UG — Chainlink (@chainlink) November 1, 2024 Major Product Launches from Key Projects in RoadToSmartCon The…

South Korea’s parliament has decided to postpone its decision on crypto asset taxation with key issues like tax scope and exemptions. In the meeting held on Nov 19, the committee cited the need to prioritize other agenda items. The controversial move sparked debate between the ruling party and the opposition. The National Assembly Strategy and Finance Committee held a tax subcommittee meeting on November 19 on virtual asset taxation. However, the committee opted to delay addressing the taxation policy. Amid growing pressure to finalize a crypto tax policy, the ruling party has sought to delay implementation, a move opposed by…

Imagine the blockchain network as a giant library where everyone can borrow and return books, and no one has the power to tamper with them. In that library, cryptocurrencies are used as the currency to pay for these books, while keepers of this entire ‘library record’ process are called crypto or blockchain nodes. Table of Contents What are blockchain nodes? How do nodes work? Types of blockchain nodes Blockchain nodes across different networks How to set up a blockchain node? Future of blockchain nodes In this article, we’ll learn what are crypto nodes, how they work, the types of nodes…

All eyes were on the US jobless claims on Thursday to see if there are any signs of weakness starting to creep into the job market. While this lagging indicator is not the best at timing, it often gives some perspective and has the potential to move the crypto markets, with a special focus on Bitcoin (BTC). Bitcoin Price Shows Strength On Weak US Jobs Data Bitcoin is up by a modest 2%, holding well above the $67,500 threshold in the immediate aftermath of the US initial jobless claims. BeInCrypto data shows BTC is trading for $67,688 as of this…

November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)’s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million. Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell. In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount. This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual.…

Ripple’s price has been bearish over the last few weeks as it failed to continue its upward momentum. However, the momentum during the past few days has been quite tumultuous, resulting in a choppy price action that puts the trend into question. Bitcoin Price Analysis: Technicals Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that the price has been making higher highs and lows since rebounding from the $52K support level in September. The 200-day moving average, located around the $64K level, has also been broken to the upside. Yet, the market has not been…

Ever thought a banana could sell for millions? That’s exactly what happened when Maurizio Cattelan’s Comedian, a duct taped banana to a wall, fetched $6.2 million at auction. At the same time, René Magritte’s surreal masterpiece, The Empire of Light, broke records with a $121.2 million sale. These two pieces couldn’t be more different, yet both grabbed the world’s attention. How a Banana Made History Cattelan’s Comedian is probably one of the most talked-about pieces of modern art. First shown in 2019, it’s literally a duct taped banana to the wall. The simplicity—or absurdity—of the idea sparked debates about what…

Shibarium’s impressive transaction count blowout since the last week of October has sparked excitement in the Shiba Inu ecosystem. However, the daily transaction volumes have since dropped considerably compared to the stunning 4.77 million recorded on that occasion. Are Shibarium transactions falling? According to Shibariumscan data, the transactions for Oct. 31 stood at 4.21 million, while they registered 3.89 million on Oct. 30. The appreciable leap in the two consecutive days follows lower daily transaction figures recorded before it. On Oct. 28 and 29, total transaction figures were 879,780 and 1,680,000, respectively. A critical analysis of the transaction figures indicates…

A federal court judge ruled Monday that Lido DAO, the governing body behind the popular liquid staking protocol, can be treated as a general partnership under state law. The court rejected Lido’s claim that it is not a legal entity, classifying it as a general partnership and setting a precedent for how profit-oriented DAOs should be treated. It also ruled that identifiable participants managed the DAO’s operations and therefore could not evade liability through its decentralized structure, according to court documents filed in the U.S. Northern District Court in California. Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management were held…