Author: NBTC
Montenegro’s Constitutional Court has rejected an appeal by crypto mogul Do Kwon, paving the way for a decision on his extradition to either the U.S. or South Korea. Do Kwon, founder of Terraform Labs, has lost his appeal in Montenegro’s Constitutional Court, which he had filed to reconsider its decision on his extradition, the Korea JoongAng Daily has learned. The ruling means that Kwon’s case will now be decided by Montenegro’s justice minister, who will determine whether Kwon will be sent to the United States or South Korea for trial. Kwon is wanted in both countries. In the U.S., he…
In a historic turn for the whole Web3 space, Vottun has announced its integration with Arbitrum, the most popular Layer 2 solution. This strategic partnership aims to provide improved scalability, fast processing, and integration of blockchain technologies in applications that will form the foundation of the future of decentralized systems. We’re thrilled to announce our partnership with @arbitrum one of the most innovative and scalable blockchains in the Web3 ecosystem! 🚀This collaboration marks a significant step forward as we integrate with Arbitrum to deliver:✅ Seamless scalability for our blockchain… pic.twitter.com/eJVpBk5Yyg — VOTTUN🌐🔗 (@Vottun) December 24, 2024 Revolutionizing the Web3 Ecosystem…
Bitcoin’s long-term holders are slowly selling some of their Bitcoin. Data from IntoTheBlock shows that long-term holders now have 12.45 million BTC, the lowest level since July 2022. But this drop is less than in previous cycles. In this cycle, long-term holder balances are down 9.8%, compared to the 15% reduction in 2021 and the 26% dip in 2017. Bitcoin long-term holders are gradually reducing their balances, now holding 12.45 million BTC—the lowest level since July 2022.So far, this decline is less severe than in past cycles. Long-term holder balances have fallen by 9.8% this cycle, compared to 15% in…
During Tuesday’s U.S. market session, the crypto market experienced a slight relief rally as Bitcoin bounced back above $95k. The surge in buying pressure bolstered most major altcoins, including Ethereum, to seek stable support. However, onchain data shows significant ETH transfer to exchange by major firms, signaling a potential sell-off and prolonging correction ahead. Currently, the ETH price trades at $3,492 with an intraday gain of 2.18%. According to Coingecko, the global crypto market cap is at $419.5 Billion, while the 24-hour trading volume is at $28.2 Billion. Key Highlights: Ethereum price breakdown from a double-top reversal pattern signals a…
Stocks and ETFs connected to quantum computing have recently gained significant attention from the investing community. Stocks like IONQ, RGTI, QBTS and QUBT and ETFs, including QTUM, have registered massive growth in the last 30 days. Let’s examine the scenario. Ready? Call Options Surge for Quantum Computing Stocks Reports suggest that the call options trading value for quantum computing stocks like IONQ, RGTI, QBTS and QUBT now stands at at least 2,500% above the average. Reports add that the call options volume on these stocks has increased nearly 10 times in the last 30 days. Since December 1, the IONQ…
A sharp market drop on Tuesday led to one of the worst days in recent months for major tokens and midcaps. The decline came after Google revealed it was conducting benchmark tests on its new Willow quantum computing chip, raising concerns over the impact on crypto privacy and wallet security in the market. Litecoin was no exception, plunging over 8%, briefly dipping to $104, and eventually recovering to around $113. Despite this, it continues to lead several prominent altcoins in terms of network activity. Litecoin Sees Record Activity Litecoin continues to demonstrate strong usage as one of the older Layer…
India’s Ministry of Finance recognized DeFi’s innovation but warned of risks to economic stability and consumer protection. During its G20 Presidency, India collaborated with the IMF and FSB to address vulnerabilities in the crypto ecosystem, including DeFi and stablecoins. As many countries, including the United States, show growing support for cryptocurrency, India’s Ministry of Finance recently discussed its views on Decentralized Finance (DeFi), highlighting both its promise and the challenges it poses. In response to a question in the Rajya Sabha, Pankaj Chaudhary, Minister of State for Finance, acknowledged DeFi’s innovation but expressed concerns about its “impact on economic stability,…
Hive Digital Technologies, a blockchain infrastructure firm, has announced the deployment of advanced Nvidia GPUs in Quebec, marking a significant shift toward high-performance computing (HPC) and artificial intelligence (AI). From Crypto to AI: Hive Digital’s $30M Leap This week company noted that it has invested $30 million in Nvidia H100 and H200 GPU clusters, enabling Hive to support AI and cloud computing needs while diversifying its revenue streams beyond bitcoin (BTC) mining. The expansion is expected to generate over $35 million in annualized revenue by mid-2025, according to the company. The H100 cluster, comprising 248 GPUs, has been installed and…
Band Protocol, a cross-chain data oracle network, has announced a strategic partnership with OKX’s X Layer, a zero-knowledge (ZK)-powered layer 2 network. Through the collaboration, Band Protocol integrated its data oracle chain on the X Layer network to strengthen blockchain interoperability and offer dApps with smooth access to real-world data. Band Protocol described the alliance as a significant development in delivering decentralized, reliable data solutions to decentralized applications worldwide. The collaboration is in line with Band Protocol’s vision of widening data access across the decentralized ecosystem. 🚀 We are delighted to share our integration with @XLayerOfficial, a ZK-powered L2 network.…
Ethereum (ETH) has started to climb some levels after it fell to the $3,100 support zone last week. The second-largest cryptocurrency is attempting to break from its downtrend, with some market watchers suggesting it is poised for a massive run in 2025. Ethereum Key Levels To Reclaim With only a week left in 2024, several market watchers have started forecasting the crypto market’s potential performance for next year. Despite the recent pullbacks, several analysts have predicted a remarkable performance for Ethereum in 2025. The King of Altcoins has struggled to turn the $4,000 level into support. After breaking past this…