Author: NBTC

Seasoned market analyst Ali Martinez has teased a possible bullish explosion in the Bitcoin price, citing historical performance after the last three US presidential elections. Bitcoin has turned the tides around following a slow start to Uptober. The asset dipped to $59,506 earlier in the month following rising geopolitical tensions in the Middle East. However, the crypto firstborn has shown resilience, surging 17.7% from the recent low to its current price. It even pushed near its all-time high of around $73,700 on Tuesday but failed to break through the resistance. Notably, a few factors have spurred Bitcoin’s recent resurgence, including…

Grayscale has announced that its recently launched Sui Trust is now open to qualified investors. The digital assets manager said in an announcement on Sept. 11 that the Sui (SUI) trust was accessible to eligible accredited investors. Grayscale launched the Sui Trust alongside the Bittensor (TAO) Trust in August, noting that the two funds add to its range of products offering qualified investors exposure to various cryptocurrencies. Grayscale Sui Trust is open to eligible accredited investors seeking exposure to $SUI, a third-generation blockchain designed to help address scalability and transaction costs.Click below to learn more about Grayscale Sui Trust or…

At Kenya’s Taxpayers’ Day celebration on November 1, the government revealed that the country collected $77.5 million in crypto tax over the last year. The Kenya Revenue Authority (KRA) obtained KES 10 billion from 384 crypto traders in the fiscal year 2023-2024. KRA Chairman Anthony Mwaura highlighted the Kenyan crypto market’s first-ever contribution to national tax revenue. At a gathering at State House, Nairobi, Mwaura said the KRA plans to collect $465 million in taxes from the crypto sector alone. Over the next five years, the authority aims to accumulate $15.88 billion in tax revenue, with the crypto sector expected…

Magic Labs, a wallet infrastructure provider, shared Thursday that it has integrated with Polygon’s AggLayer to provide a network dedicated to chain unification, called Newton. Newton will allow for wallet solutions to plug into the AggLayer, which is a Polygon-backed effort to connect affiliated chains and allow tokens to freely move between them. Magic Labs claims its the first dedicated network for wallet solutions and chain unification. Newton, which is still in a private testnet, is supposed to enable liquidity sharing across multiple blockchains plugged into the AggLayer. The AggLayer is one of Polygon’s latest innovations, aimed at unifying liquidity…

As Bitcoin adoption increases among both retail and institutional investors, Wall Street billionaires are moving away from bonds and toward BTC to hedge against inflation, Forbes reported. Accordingly, Forbes stated that more billionaires are turning to Bitcoin, and that they are investing in Bitcoin as a hedge against inflation and are gradually moving away from government bonds. The report stated that prominent Wall Street billionaires, including BlackRock CEO Larry Fink, see Bitcoin as a modern gold alternative that can protect against inflation. It was also stated that Wall Street billionaires think that the current inflation may last longer than expected…

Dominic Williams, chief scientist at DFINITY Foundation, shared major upgrades implemented across the Internet Computer blockchain protocol. Williams shared an updated Internet Computer (ICP) deck detailing new developments on the self-styled “World Computer” decentralized network. Perhaps the boldest claim in the document said ICP-native applications boast cyber attack immunity. Internet Computer #ICP deck update– High-level explanations– Easter Eggs 🥚⚡️🌐 https://t.co/QGlx6XUjWF pic.twitter.com/eA0UPgUXrm — dom.icp ∞ (@dominic_w) September 11, 2024 This means hackers and ransomware attacks cannot infiltrate tools built and hosted on ICP’s network. Improved security has paved the way for simplified blockchain web development and lowered app administration requirements, according…

Beijing police uncovered a massive money-laundering network that allegedly moved 800 million yuan (approximately $111.36 million) through cryptocurrency transactions linked to telecom fraud and online gambling. This criminal operation exploited overseas cryptocurrency platforms to conceal the origins of illegal funds, creating a challenge for Chinese authorities combating cyber and financial crimes. New Legal Milestone: First Jail Time for Wallet Key Theft The Beijing police action comes on the heels of a legal precedent in China, where the Xuhui District Procuratorate in Shanghai prosecuted individuals for illegally obtaining digital wallet private keys, representing China’s first case of its kind. Read also:…

Eclipse launched its long-awaited mainnet blockchain on Thursday — introducing a first-of-its-kind layer-2 network that melds tech from the popular Ethereum and Solana blockchains into a single package. Like other layer-2 Ethereum rollups, Eclipse lets people transact on Ethereum with faster speeds and lower fees. To accomplish this, it operates as its own network, written using the Solana Virtual Machine (SVM) — the fast and cheap execution architecture spearheaded by Ethereum’s biggest competitor, Solana. Similar to other layer 2s, Eclipse bundles up transactions from its users and periodically passes them down to the base Ethereum chain, where they’re cemented permanently…

Bitcoin (BTC) is set to end October, which initially started rough, on a strong note. Over the past 30 days, BTC has surged by 13%, prompting many analysts to predict that this upward momentum will persist into the Bitcoin November 2024 price outlook. But what’s driving this optimistic outlook? This in-depth on-chain analysis sheds light on the underlying factors contributing to this bullish sentiment. Bitcoin Has Many Factors in Its Favor, Analysts Say For starters, digital asset research firm 10x Research opined that BTC might continue to move upwards. According to the firm’s prediction, Bitcoin’s rally to $73,000 this month…

Jake Claver, a business leader and performance expert, recently noted that Ripple is not actually reliant on individual blockchain adoption. This sets it apart from other blockchain projects whose success directly depends on the strength of retail adoption. According to Claver, the San Francisco-based company does not prioritize retail-focused use cases. Instead, it focuses on enterprise and government-level solutions that constitute the company’s value proposition. “While retail investors can hold XRP and use the XRP Ledger, Ripple’s primary aim is to facilitate institutional-grade transactions and cross-border settlements with speed and efficiency,” Claver noted. Earlier this year, Ripple announced its new…