Author: NBTC
Bitcoin saw a notable increase of 3% today, reaching a price of $62,400. This upward momentum coincides with the S&P 500 reaching an all-time high of 5,819, currently trading at 5,809. Bitcoin’s rally comes at a time when traditional assets are seeing significant gains, with the S&P 500 achieving its strongest year-to-date performance in 24 years, up over 22%. In a recent post on X, The Kobeissi Letter described the current stock market run as “the most resilient market in history.” Over the past year, the S&P 500 has gained an impressive $13 trillion in market capitalization. If this momentum…
Coinbase declared vindication on Friday, claiming that newly disclosed correspondences between the Federal Deposit Insurance Corporation (FDIC) and member banks help prove that the U.S. government has been secretly waging a war on crypto for years. But what exactly do the documents reveal? Coinbase has long pushed for the FDIC to disclose how it has communicated with American banks about crypto. On Friday, the company—and the public—got some answer to that question, with the FDIC publishing 23 letters it sent to member banks about crypto in 2022, in compliance with a request filed by Coinbase under the Freedom of Information…
Bitcoin (BTC) saw some relevant volatility since early September and most recently following a predicted volatile roadmap by Ali Martinez. If Bitcoin continues to follow his analysis, the leading cryptocurrency could soon reach a new all-time high of $78,000. The analyst shared what he described as “the best way to mess with everyone’s dreams,” bringing in a chaotic scenario. According to a recent post by Martinez, Bitcoin has already accomplished three out of the four steps, eyeing the breakout. “I think the best way to mess with everyone’s dreams would be for Bitcoin to drop to $60,000, rebound to $66,000,…
In November, the SEC published just one crypto-related litigation release, alleging a $115 million securities fraud scheme against Eng Taing and his company, Touzi Capital, LLC. According to the Complaint, Taing promised investors the chance to fund cutting-edge crypto mining operations and debt rehabilitation businesses, portraying these investments as stable and highly profitable. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. SEC Targets $115M Crypto Fraud Scheme: Touzi Capital Faces Allegations of Mismanagement and Misappropriation What investors believed were opportunities for reliable growth, however, turned out to be risky, mismanaged ventures teetering on collapse.…
As the S&P 500 rose to a record high Friday, a bull market in U.S. equities was set to mark its two-year anniversary. Though enthusiasm has been muddled in the crypto market for months, the window also shines a light on just how much Bitcoin has gained during that span. As highlighted in Opening Bell Daily, a financial newsletter, the S&P 500 has climbed more than 60% to around 5,800 points since a bear market in equities petered out two years ago. Over the same period of time, however, Bitcoin’s price has risen around 220%, up from approximately $20,000 to…
Following the NFT crash a few years back, ApeCoin was among the most affected projects and seemingly disappeared from most crypto users’ range of vision. However, the protocol made a massive announcement hours ago that propelled a whopping rally for the native token, pushing its price beyond the coveted $1 level. $APE || The start of NFT season! With $APE surging, NFT season is about to kick off. Keep an eye on NFTs, billions will pour in. Similar to $ALTS, #NFTs will bless patient peeps with generational wealth! @apecoin pic.twitter.com/RoH9yYgDTe — Crypto Catalysts (@Crypt0Catalysts) October 20, 2024 ApeCoin’s Announcement The…
The trustee overseeing Mt. Gox’s assets has extended the repayment deadline for Bitcoin (BTC) creditors by one year to October 31, 2025. The announcement, made via the Mt. Gox website on Thursday, is the latest development in the long-running saga of the cryptocurrency exchange going bankrupt. Once the world’s largest crypto exchange, Mt. Gox collapsed in 2014 following a massive hack. Since then, the exchange has been working to repay nearly $9 billion in recovered assets to creditors, a process that finally began in July after years of delays. Despite the initial repayments, crypto wallets linked to Mt. Gox still…
With his proceeds from the sale of tokens he was given recently, Dogecoin creator Billy Markus — also referred to as Shibetoshi Nakamoto — has had an interesting year. The same Dogecoin holdings that he infamously sold for just $10,000 in order to purchase a car back in 2015 would now be worth over $9 million and at their peak they would have been worth over $45 million. Billy Markus has stayed involved in the cryptocurrency space even though he sold his DOGE years ago. He has made several wallets to take tips in different tokens over the last 12…
Cryptocurrency users who crave privacy protections had a lot to be thankful for this past Thanksgiving. Two days before the holiday, a unanimous three-judge panel of the Fifth Circuit ruled that the Treasury Department’s Office of Foreign Assets Control (OFAC) had acted in an arbitrary and capricious manner not supported by substantial evidence when it “overstepped its congressionally defined authority” in sanctioning “Tornado Cash’s open-source, self-executing software” instead of “the rogue persons and entities who abuse it.” In plain English, Congress didn’t give OFAC the power to do what it did: sanction software code owned by no one. But let’s…
Skale Labs and Sequence are teaming up to help support a series of upcoming blockchain games, with the first game benefiting from the collaboration—mobile shoot ‘em up game Zoppel: The Legend of Furiax—set to launch its alpha test on the Skale network next week. Zoppel, a vertical spaceship shooter, will debut in alpha on Android and iOS on December 15, kickstarting the collaboration. The game is based on an original science fiction IP, and is flanked by a graphic novel that is set to begin shipping in January. Skale Labs is the development team behind Skale, an Ethereum layer-2 scaling…