Author: NBTC
This is a segment from the Empire newsletter. To read full editions, subscribe. Hold your horses. While some folks around crypto think we could see the bullish rally take off after we get the election results, Empire’s Jason Yanowitz isn’t so sure. In Friday’s Roundup, he said that he doesn’t think we see the markets “rip” until potentially January or even February. “There could be more uncertainty” in November and December, he added, pointing out that he thinks the election results could be close. “Both sides are already prepping for an all-out war to contest the election,” Yanowitz said. Last…
River, an on-chain encrypted messaging protocol, has acquired Llama, a Founders Fund-backed smart contracts platform for decentralized governance. The acquisition will help River buttress its governance across its ecosystem, with the protocol integrating Llama’s open-source smart contracts technology directly into its various platforms. According to a blog post detailing the transaction, leveraging Llama will allow River’s stakeholders, including node operators and space owners, access to built-in tools that will bolster governance mechanisms. For instance, node operators or space owners can now submit proposals related to protocol changes, with secure and transparent voting. “In short, this acquisition crystallizes the ability for…
Australian computer scientist Craig Wright, who claims to be Bitcoin’s creator, has announced the development of a scaling solution to transform the flagship digital asset into a global, borderless cash system. In a November 3 post on X, Wright shared his long-term vision for the top crypto. He imagines a future where Bitcoin becomes a functional tool for international transactions rather than a quick route to wealth. Wright Reveals Vision and Scaling Solution for Bitcoin Wright stated that he and his team have been working on this BTC scaling solution, called TerraNode, for the past 15 years. He plans to…
Core DAO has recently celebrated a momentous weekly development with more than 6.5M transfers and 2.2M active wallets. As per Core DAO, this rise in the number of active wallets and transfers denotes widespread consumer adoption and growth. The platform took to social media to provide details of this landmark achievement. It has been a historic week for Core! 🔶• 6.5+ million transactions • 2.2+ million unique active wallets • $100,000 added in TVL• Top 5 blockchain by unique active walletsThis is just the beginning of the BTCfi revolution! 🌎🔥 pic.twitter.com/DJYUzpLGLv — Core DAO 🔶 (@Coredao_Org) November 2, 2024 Core…
The Bank for International Settlements (BIS) announced its departure from Project mBridge, a central bank digital currency (CBDC) initiative developed in partnership with the People’s Bank of China and the central banks of Hong Kong, Thailand, Saudi Arabia, and the UAE. The project, designed to simplify cross-border payments through CBDCs, has raised concerns over potential misuse by certain nations to evade international sanctions, according to a recent Bloomberg News report. BIS General Manager Agustín Carstens confirmed the organization’s withdrawal in an Oct. 31 speech, emphasizing that the decision to leave was not politically driven. Carstens characterized the exit as a…
Jake Claver, a business leader and financial strategist, recently made a bold prediction about the future of XRP and the broader crypto market. He asserted that the moment for embracing the prevailing trends in cryptocurrency, especially with XRP, is approaching rapidly. According to Claver, a significant turning point, where the phrase “If you can’t beat them, join them” becomes a reality, is imminent in the cryptocurrency space, especially for XRP. Claver expressed this sentiment in a recent post on X, which has garnered significant attention from the crypto community. Growing Trend in Crypto Adoption While Claver did not provide specific…
On Thursday, an Eastern District of New York courtroom filled with over 70 bystanders to hear Richard Heart’s lawyers argue his case for dismissing the SEC’s lawsuit against him and his crypto projects HEX, Pulsechain, and PulseX. At the outset, Heart’s lawyers contested jurisdiction, asking the judge to dismiss the lawsuit entirely because, in Heart’s view, the SEC lacks jurisdiction over him and the entities it is suing. Heart says that, although he grew up near Pittsburgh, Pennsylvania, he lived in Finland and elsewhere abroad during the time periods in question. Moreover, he believes the unincorporated entities HEX, Pulsechain, and…
AvaCloud, the leading managed blockchain service provider, today announced a major advancement in blockchain privacy with the acquisition of EtraPay and the launch of a new suite of privacy solutions. This move combines the strengths of public and private blockchains, unlocking unprecedented possibilities for secure, private data exchange across various industries. EtraPay brings to AvaCloud a team of renowned privacy technology experts and a groundbreaking encrypted token standard, the Encrypted ERC (eERC). This technology, leveraging advanced cryptographic techniques like zero-knowledge proofs and homomorphic encryption, allows for confidential transactions on Avalanche’s Layer 1 blockchains while preserving full auditability. “This is a…
Bitcoin’s price currently holds steady coasting between $67,945 to $68,149 in the last hour as sellers maintain their grip, with technical indicators and moving averages showing mixed signals for traders. Bitcoin On the daily chart, bitcoin (BTC) has experienced a pullback after reaching a peak around $73,600, now settling close to $68,149. Recent daily candles display a reversal pattern marked by strong selling pressure, forming a bearish outlook. Key support sits around $67,500 to $68,000, while resistance holds firm at the recent high of $73,600. Volume analysis reveals elevated selling activity, suggesting that bearish sentiment may persist unless new buying…
As the 2024 U.S. election approaches, investors are channeling hefty sums into bonds and bitcoin, signaling a clear shift in asset preferences, CNBC reports, citing Bank of America credit strategist Yuri Seliger. Ahead of the 2024 Election, Investors Favor Bonds and Bitcoin in Strategic Shift According to the CNBC report, Yuri Seliger noted a substantial increase in bond purchases this past week, with investments surpassing $6 billion in “high-grade” bonds—the highest level in two months. He added that high-yield credit funds are also seeing an influx, spurred largely by exchange-traded funds (ETFs). Meanwhile, equity funds saw minor outflows during the…