Author: NBTC
The surge in Bitcoin‘s popularity in 2024 has sparked renewed enthusiasm among enthusiasts and entrepreneurs alike. Tim Draper, a well-known venture capitalist, has drawn an intriguing comparison between Bitcoin’s trajectory and that of Netflix, which revolutionized the media landscape. Draper believes that Bitcoin could fundamentally alter the financial sector in the same way Netflix changed how audiences consume entertainment. Contents How Did Netflix Redefine the Media Landscape? What Are Draper’s Insights on Bitcoin’s Future? How Did Netflix Redefine the Media Landscape? Netflix’s journey has been remarkable, evolving from a struggling DVD rental service to a dominant online streaming platform valued…
Ethereum’s Vitalik Buterin is tired of hearing that “degen casino” is the best market fit for crypto, expressing frustration over the industry’s narrow focus. Amid growing concerns about Ethereum‘s direction, co-founder Vitalik Buterin expressed frustration with claims that its model isn’t the best fit for the market, especially as it struggles to compete with the “degen casino” appeal drawing retail interest. Fighting consumes energy and brings people to the breaking point. This is part of the condition of life.Do I feel good when I hear people from crypto twitter and VC firms telling me that PvP KOL degen casino that’s…
US banks may soon gain wider access to crypto services under the Trump administration. The Federal Deposit Insurance Corporation (FDIC) plans to overhaul banking rules to allow banks to engage in certain crypto activities, such as custody services and “tokenized deposits,” without prior regulatory approval, according to Barron’s. During the last major crypto market crash, regulators ensured that major banks had minimal exposure to Bitcoin and other digital assets, which protected them from financial repercussions. However, this dynamic could change in the near future. After years of regulatory hurdles under the Biden administration, banks could soon get the green light…
The Litecoin development team has fiercely defended LTC and its founder Charlie Lee against accusations of unethical behavior and criticism of his past. The response came after a user claimed that Litecoin’s emergence and Charlie Lee’s actions represented an early example of a pump-and-dump scheme. The user compared the project negatively to Solana, claiming that Charlie Lee founded Litecoin, set aside a significant amount of supply for himself, and sold it at the height of the 2017 bull run. The comment accused the Litecoin founder of using the project for personal gain and argued that Solana deserves more respect for…
A Beijing court has sentenced Hao Gang, a former deputy director of the Beijing Financial Bureau, to 11 years in prison for bribery and Bitcoin-related money laundering. The ruling marks another significant step in China’s crackdown on financial misconduct linked to cryptocurrency. China Cracks Down on Bitcoin-Linked Corruption The court reportedly delivered its verdict on Thursday, February 6, after a two-year probe into Gang’s activities. Investigators found that he accepted tens of millions of yuan in bribes to assist Bitcoin mining firms facing regulatory challenges. Local reports also indicate that he helped a senior executive from a major mining company…
Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question remains: can Bitcoin maintain its momentum? Top analyst Carl Runefelt shared a detailed technical analysis on X, highlighting a critical pattern forming in Bitcoin’s 1-hour time frame. According to Runefelt, Bitcoin is currently shaping a symmetrical triangle, a classic chart pattern that typically precedes a…
Ethereum (ETH) once again dipped to extremely low fees, showing the outflow of users. Gas prices moved down under 1 gWEI, or as low as $0.06 for regular transactions. Ethereum (ETH) signals lowered demand for transactions, as gas fees slide under 1 gWEI. This is the first period of low fees since September 2024, as ETH continues to trade around $2,700 with a more bearish sentiment. Ethereum gas fees fell as low as $0.06 based on their valuation under 1 gWEI, after an outflow of activity from the network. | Source: Etherscan As a result, basic swaps went as low…
Scott Bessent, president Donald Trump’s handpicked Treasury Secretary, put an end to the speculation during a Wednesday interview on Fox Business. The president is not pressuring the Federal Reserve to cut interest rates, Scott said. Instead, he claims that the administration’s focus is laser-locked on long-term borrowing costs, specifically the 10-year Treasury yield. “He and I are focused on the 10-year Treasury,” Scott said. “He is not calling for the Fed to lower rates.” Scott’s claims are a bit odd since as Cryptopolitan reported on Jan. 24, Trump did say “I’ll demand that interest rates drop immediately. And likewise, they…
Cardano founder Charles Hoskinson has revealed that his team is having discussions with enterprise blockchain company Ripple regarding the integration of the Ripple USD (RLUSD) stablecoin. “We are actively talking,” he said in a recent post. This comes amid social media discussions about Cardano’s failure to integrate popular stablecoins such as USDC. The Switzerland-based Cardano Foundation had such an opportunity back in 2021, but a deal with Circle, the issuer of USDC, did not go through, according to Hoskinson. At the same, Hoskinson has rejected the idea of IOG funding such ecosystem initiatives, stating that the company’s private profits are…
Roger Ver, an early bitcoin investor and outspoken advocate for financial freedom, recently sat down with Mario Nawfal for a revealing interview about his ongoing legal battle. Roger Ver Speaks: ‘This Isn’t About Taxes It’s About My Political Views’ Roger Ver, who renounced his U.S. citizenship in 2014, faces allegations of tax evasion, charges he calls politically motivated. Now, with his final extradition appeal denied in Spain, he could be forcibly sent to the United States at any time. Ver described his ordeal as a targeted attack against those who challenge centralized financial systems. “This isn’t about taxes,” he said…