Author: NBTC
According to recent data from Google Trends, interest in the search term “bitcoin” has nudged upward, showing a modest rise after hitting notably low points over both the five-year and 90-day views. Bitcoin Interest Makes a Comeback Interest in the search term “bitcoin” has picked up since the recent price uptick, with a notable rise starting around Oct. 27. On a 90-day scale, global data shows the term hit a score of 51 out of 100 on Oct. 30. Google Trends measures search interest on a relative scale from 0 to 100, tracking terms over time and by location. During…
This is a segment from the Forward Guidance newsletter. To read full editions, subscribe. US equities opened higher Friday morning, clawing back some of Thursday’s losses that saw the Nasdaq Composite and S&P 500 indexes drop 1.8% and 1.2%, respectively. The selloff was led by tech stocks, triggered by disappointing outlooks from giants Meta and Microsoft, both of which reported after the close yesterday. Both Meta and Microsoft beat expectations on some earnings metrics, but you wouldn’t know that looking at the share prices. Analysts attribute Thursday’s drops (-4% for Microsoft and -3% for Meta during after hours trading) to…
Flare Network, an EVM-based layer 1 blockchain, has rolled out Flare Time Series Oracle version 2 (FTSOv2) on its mainnet, aiming to enable faster and more diverse data access for developers and users while maintaining a strong focus on decentralization and security. The FTSOv2 is an upgraded version of the original Flare Time Series Oracle created to provide accurate, timely, and decentralized price feeds for collateral assessments, lending protocols, and trading dApps. The team said that the original system “has experienced zero downtime or failures” since its inception. Building on that solid foundation, FTSOv2 now introduces several core enhancements in…
Ethereum infrastructure developer Consensys has filed its response to the U.S. Securities and Exchange Commission’s claims of federal securities law violations, adding to its lawsuits against the agency. The SEC previously accused Consensys’ crypto wallet, MetaMask, of operating as an unregistered broker and securities issuer. Consensys fully refuted the SEC’s allegations, criticizing the agency and its chair, Gary Gensler, for what it described as an unconstitutional attack on the decentralized finance ecosystem. Its court-submitted reply reaffirmed its stance and dissatisfaction with the SEC’s lawsuit. This action is just the latest step in the SEC’s recent campaign to seize control over…
Since the beginning of the partnership, this alliance has shown fantastic results, with 200,000 daily transactions and over 211 million transactions since June 2020. This is not only a triumph for Algorand, but also a demonstration of how blockchain technology can further expand digital ecosystems for people around the world through seamless and secure financial interactions. One of the benefits of this partnership is the improvement of chess ratings. World Chess, a site built for the game with over 800,000 users and hosting around 20,000 games daily, has emphasized the importance of reliable and provable ratings and titles. Algorand’s blockchain…
Bitcoin, the leading cryptocurrency by market capitalization, has formed the so-called “gravestone Doji” candle. As the name suggests, such a candle is a bearish indicator that typically marks the end of a bullish trend. Uhhhh g-guys…Are we sure that we wanna close the weekly like this? 😳$BTC pic.twitter.com/EW5djUUPeA — Byzantine General (@ByzGeneral) November 3, 2024 The weekly chart shows a long upper shadow, which signals that the bears continue to hold their ground after the bulls made a failed attempt to push the price of the leading cryptocurrency higher. The small tail indicates that the cryptocurrency’s closing price is on…
Blum, an enthusiastic crypto trading app, has recently obtained a significant investment from the venture builder platform The Open Platform. As per The Open Platform, the investment improves Blum’s status as an emerging player in the DeFi and Web3 sectors. The Open Platform Invests in Blum after It Participates in the ‘Most Valuable Builder’ Project of Binance Labs The investment from TOP takes place just after Blum’s engagement in a viable project of Binance Labs. Blum has started participating in the crypto exchange’s “Most Valuable Builder” incubation program. With this participation, the platform formerly received significant funding. At present, as…
BabyDogeCoin (BabyDoge), a fun meme coin built on the BNB chain, has experienced a staggering 1,330% surge in trading volumes, accompanied by a significant price increase. According to data from CoinMarketCap, the token’s daily trading volume leaped from relatively modest levels to over $105.27 million in the last 24 hours. This surge in volumes has been accompanied by a corresponding jump in BabyDoge’s price, which has risen by nearly 55% in the same period. The spike in volume suggests that market participants are capitalizing on the price rally, with increased buying pressure pushing the token higher. At the time of…
Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts frozen due to bankruptcy. The guidance, sent to Michael R. Fiore of the IRS Small Business/Self-Employed division, examined a hypothetical taxpayer referred to as “Taxpayer A” who held cryptocurrency in a bankrupt platform’s account and received rewards, such as staking bonuses, prior to the account…
Ronin Validators chose Chainlink’s CCIP to enhance the security of assets bridged on the Ronin Network after a competitive vote. Ronin’s community showed strong support, with over 224 million RON tokens staked by 285,083 unique delegators, highlighting its ecosystem’s trust. The Ronin Validator community has taken a huge step forward by deciding to adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the network’s canonical cross-chain architecture. Underscoring the network’s commitment to raise its general dependability, this choice is meant to increase the security of assets connected to Ronin. Notable partners, including Layer Zero and Axelar, who participated in the distributed selection…