Author: NBTC

Bitcoin (BTC) is currently trading around $67,000, signaling a recovery after establishing firm support at the $66,000 level, following a modest 2% decline earlier in the week. Despite recent market dips, AI models now forecast a bullish year-end target of $78,900 for BTC, spurred by robust institutional demand, rising open interest in derivatives, growing geopolitical tensions, and notable regulatory developments, particularly around Tether’s USDT. These factors together set an optimistic outlook for BTC, though potential volatility suggests a need for investor caution. At press time, Bitcoin was trading at $67,021, down 0.25% in the last 24 hours and 1.6% on…

As we reach the end of 2024, we can look at Q3 of this year to see what the state of Solana has been. Recently, Messari released a research paper written by Matthew Nay outlining the key takeaways from Solana’s progress in Q3 of 2024. In this summary, we will summarize and analyze some of the most significant points from this report.—1. The Solana Ecosystem Is Growing RapidlyThe report begins with a chart showcasing various metrics such as DeFi TVL (total value locked), average daily DEX volume, stablecoin market cap and more. One of the most eye opening metrics to…

President-elect Donald Trump confirmed on Thursday that JPMorgan Chase CEO Jamie Dimon will not be part of his incoming administration, ending speculation over the high-profile banker’s involvement in federal leadership. Trump addressed the matter directly on social media. Donald Trump’s Firm Stance Against Jamie Dimon Trump stated, “I respect Jamie Dimon, of JPMorgan Chase, greatly, but he will not be invited to be a part of the Trump Administration.” The clarification from Trump comes amid earlier reports and rumors surrounding Dimon as a potential Treasury secretary candidate in the weeks leading up to the November 5 election. According to a…

Screven County, Georgia made history on November 5, 2024 when it became the first county in the United States to use the Bitcoin blockchain to safeguard the results of its elections. The Screven County Board of Elections worked with Simple Proof, a U.S. company that protects digital records using the Bitcoin blockchain, to ensure that their election results couldn’t be altered. Stacy Scott Mincey, Screven County Election Supervisor, hired Simple Proof to make sure that the handling of votes in her county wasn’t called into question the way it was in another Georgia county during the 2020 elections. “One of…

Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if Bitcoin manages to break above it. According to CryptoQuant data, there’s still room for further growth, as short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium. This premium is often viewed as a gauge of market sentiment, reflecting the optimism…

Former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo denied rumors about being considered as the next Chair of the US Securities and Exchange Commission (SEC). He also denied the rumors about being interested in a crypto-related role within the US Treasury Department, adding: “I’ve made clear that I’ve already cleaned up earlier Gary Gensler mess [at] CFTC and don’t want to have do it again.” Although he did not specify, the ‘mess’ could be related to the SEC’s “regulation by enforcement approach” toward the crypto industry, which one of its Commissioners deemed a “disaster.” Giancarlo took over as CFTC…

Vanar Chain has partnered with Nexera to transform real-world asset (RWA) integration within its blockchain ecosystem. This collaboration aims to enhance the Vanar Chain ecosystem by leveraging Nexera’s advanced middleware solutions and no-code tools. Asset tokenization makes management more accessible and globally compliant. Vanar shared the details and objectives of this strategic collaboration through its official X account. 📢 EXCITING PARTNERSHIP UPDATE 📢We’re thrilled to announce new advancements in partnership with @Nexera_Official! Together, we’re set to transform real-world asset (RWA) integration on the blockchain, bringing advanced no-code tools and middleware solutions to the… pic.twitter.com/CBx3WrF9dg — Vanar (@Vanarchain) November 15, 2024…

Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale’s Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history. Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market. As a result, the crypto’s price could go down a little bit or become more stable. Reducing the volume of Bitcoin in the market could possibly make prices less susceptible to volatility. In previous whale accumulations, it was…

To strengthen the cryptocurrency ecosystem, Bitget, MultiversX, and P2P.org have come to a partnership agreement with efforts to optimize their platforms’ performance. Such collaboration means the increased opportunity for Bitget users to stake EGLD, the native token of the MultiversX network, on the platform of Bitget Earn. This effort is expected to improve market utility and offer more ways for the community to make money, leveraging the synergy of each mutual application. Recently @bitgetglobal allowed users to stake EGLD on Bitget Earn platformAs @P2Pvalidator we’re excited to work with @MultiversX foundation and @bitgetglobal to make it happen.Enjoy Bitget’s UX with…

Gary Gensler, current Chair of the SEC, gave a speech today fervently defending his strict regulatory policies against the crypto industry. President-elect Donald Trump vowed to fire Gensler, who appeared to accept his ousting. Gensler remained defiantly critical of the crypto industry, calling it a field of “significant investor harm.” Gensler’s Defiant Speech In a recent public appearance, controversial SEC Chair Gary Gensler delivered what seemed like a “farewell speech.” Gensler began with the topic of “effective administration” and the history of securities laws in the US. He then proceeded to defend his stubborn regulatory policies, which had become a…