Author: NBTC

Bitcoin’s price danced through a roller-coaster ride on Friday, hitting an intraday high of $68,700 before plunging to a 24 hour low of $65,853. Speculation Unsettles Bitcoin Market – Are We in for More? The dip came right after the Wall Street Journal published claims that Tether was allegedly facing a probe by U.S. authorities. Both Tether and its CEO quickly dismissed the report as merely “regurgitating old noise.” Still, the story had an impact on markets, pushing bitcoin (BTC) below the $66,000 mark at 2:10 p.m. EDT. By 4:59 p.m., the price had regained some ground, hovering in the…

Phoenix Group reveals a lineup of Solana-based tokens generating substantial trading volume. Leading the list by a wide margin is Solana’s native token, SOL, with a significant weekly trading volume of $16.2 billion. While other tokens trail behind, they still hold substantial market value, showcasing Solana’s robust and diversified network of digital assets. TOP #SOLANA TOKENS BY WEEKLY TRADING VOLUME$SOL $WIF $POPCAT $MOODENG $BOME $GOAT $MEW $JUP $PYTH $RAY $BONK $JTO $GRT $CVC $TNSR pic.twitter.com/eXxeD5iLQd — PHOENIX – Crypto News & Analytics (@pnxgrp) November 3, 2024 SOL maintains its dominance, representing the lion’s share of trading volume among Solana tokens.…

The lawsuit filed by the United States Securities and Exchange Commission (SEC) against Ripple over XRP token sales could conclude soon, according to a legal panel featuring prominent advocates John Deaton, James Murphy (“MetaLawMan”), and Jeremy Hogan. The panel, appearing on the CryptoLawTV YouTube channel, discussed potential outcomes and suggested the lawsuit might not withstand a change in SEC leadership. The panel highlighted the possibility of a pro-crypto SEC Chair being appointed if Gary Gensler is replaced under a Donald Trump administration. Gensler has faced mounting pressure to step down from political circles, potentially paving the way for leadership that…

Real Vision’s chief crypto analyst Jamie Coutts is saying that Bitcoin (BTC) could witness an over 155% surge from current levels during this market cycle. In an appearance on Raoul Pal’s The Journey Man YouTube channel, Coutts says that Bitcoin could explode to six-figure territory as the global money supply increases. “My base case is if we just look at global M2 (money supply) and back it out to August which was where the Bitcoin cycle peaks, that infers a price of about $100,000 on Bitcoin. I’m placing as a potential outcome but a very low probability outcome. My proportionality…

Privacy coins are cryptocurrencies designed to provide users with enhanced privacy and anonymity, making it difficult to trace transactions or link them to individuals. Unlike Bitcoin and Ethereum, which have transparent ledgers allowing anyone to view transaction details, privacy coins use cryptographic techniques to obscure information such as sender and receiver addresses and transaction amounts. Two of the most prominent privacy coins are Monero and ZCash, each with unique approaches to ensuring user privacy and security. This article delves into the features of Monero and ZCash, explains how they achieve privacy, and examines their role in the crypto ecosystem. 1.…

Crypto-powered prediction market Polymarket and its founder are facing heat from US regulators for potentially serving American customers, while an employee at its competitor Kalshi appears to be echoing wash-trading allegations. According to Bloomberg, the DoJ is investigating Polymarket for allegedly accepting bets from US-based customers. Punters on the platform appeared to overwhelmingly favor Donald Trump to win the election, putting Polymarket at odds with mostly even-keeled projections. The FBI has reportedly raided the home of its 26-year-old chief exec, Shayne Coplan, and seized his phone. Coplan was not arrested, and appeared to be relatively unphased by the event. On…

Bitcoin dipped to $65,521 from a high of $68,722, reflecting a 5% loss influenced by Tether’s scrutiny. Currently, Bitcoin has bounced back to $67K amid ongoing volatility. The global crypto market is heating up with various news, that led Bitcoin (BTC) to dip to $65,521 from the high of $68,722. This 5% drop followed reports from the Wall Street Journal claiming that Tether, a major player in the crypto space, is under investigation by U.S. authorities. Tether and its CEO quickly dismissed the claims, labeling them as “regurgitating old noise,” but the damage was done, affecting market sentiment significantly. As…

Nov 14 (Reuters) – The crypto industry is pushing for an ambitious raft of policies that would promote the widespread adoption of digital assets and considering who best to promote them, as they anticipate a cryptocurrency-friendly regime under President-elect Donald Trump. While crypto companies were already anticipating a lighter touch with a new administration, Donald Trump’s decisive victory and a projected Republican sweep of Congress pave the way for a dramatic and lasting crypto policy overhaul. Trump courted crypto cash with promises to be a “crypto president,” and industry executives say he now has a strong mandate to deliver. The…

Tesla has moved its entire bitcoin balance of 11,509 BTC ($776.9M) to seven new wallets, marking the first movement of these assets in over two years. The transfers, which initially sparked market concern, have been identified as internal wallet rotations rather than preparation for sales, according to Arkham Intelligence reports. “Often on-chain movements like this are usually a signal of selling. But since there hasn’t been any movement to exchanges so far, this just may be Tesla reshuffling its bitcoin custody setup,” commented Daniel Cawrey, CSO at Tonkeeper in an email statement. According to a CoinDesk’s article, while Tesla or…

Suspected ENS Investor Transfers 154,000 Tokens to Binance In a significant on-chain event, a wallet suspected to belong to an early Ethereum Name Service (ENS) investor has transferred 154,000 ENS tokens to Binance, valued at approximately $2.47 million. This move, reported by on-chain analyst ai_9684xtpa on X (formerly Twitter), adds to a series of large-scale transactions involving ENS tokens, highlighting potential shifts in investor sentiment and market dynamics for the ENS ecosystem. Introduction to the ENS Token Transfer Overview of the Transfer The recent transfer of 154,000 ENS tokens to Binance marks a notable activity within the ENS token holder…