Author: NBTC
MetaStreet, Beam, and Tactical Compute ($TACOM), an Aethir-based unique AI-focused means of investment, has made the 1st on-chain financing agreement for DePIN assets. With this deal, MetaStreet addresses the long-persistent challenge posed to the DePIN network members who often depend on expensive open investments to back their operations. As a part of this deal, $TACOM’s mobile chip agreement of $3.3M, which is rented onchain via Aethir, went through tokenization. This would serve as collateral on the Arbitrum-based DePIN Financing Pool of Meta. Metaversal has reportedly provided a debt capital of $415K, displaying how capital markets can unlock liquidity backing DePIN…
After crossing the much-awaited milestone of $100K and reaching an all-time high (ATH) of $103,551, Bitcoin has slipped back to $97K. This decline can be primarily attributed to significant selling pressure, but there’s more to it. A wise man once said, “after we hit $100k, it’s smooth sailing to $1.0M.” Global #Bitcoin FOMO begins now. Plan accordingly. pic.twitter.com/ZviNWEWFLy — Samson Mow (@Excellion) December 5, 2024 Bitcoin Market Trends On December 5, Bitcoin crossed the $100K milestone and achieved an ATH of $103K. However, at the time of writing, Bitcoin has slipped back to $97,272, marking a 1.32% dip in the…
The U.S. stock markets are in shambles, while Bitcoin is flying past $108,000, rewriting the rules of the financial game. The S&P 500 has now set a record for failure, dropping for 12 straight days—the longest losing streak in its entire history. The Dow Jones isn’t doing much better, limping into a nine-day losing streak after shedding another 0.61% on Tuesday. The Nasdaq Composite followed suit, slipping 0.32%. This chaos isn’t confined to Wall Street. Over in Europe, the Stoxx 600 index dropped 0.42%, dragged down by a 1.4% nosedive in banking stocks. Somehow, tech stocks managed to claw out…
Avalanche (AVAX) has ignited excitement with a major announcement that could significantly impact users and the broader cryptocurrency sector. In a post on X, the Avalanche Foundation outlined a timeline regarding its much-anticipated upgrade. Key features of Avalanche9000 According to the Avalanche Foundation, Avalanche9000 will launch by Monday, Dec. 16. The upgrade will improve the overall user experience in the Avalanche ecosystem. Avalanche9000 will improve the network’s transaction speed, lower fees and enhance scalability. Hence, users can expect to carry out more transactions once it goes live by Monday without experiencing performance degradation. Faster.Cheaper.More scalable.More interoperable.More customizable.Than ever…Avalanche9000 arrives Monday…
Hong Kong’s Financial Services and the Treasury have issued a reply to the region’s Legislative Council on the state of BTC and other digital assets amid rising global interests. The Legislative Council had previously sent a raft of questions to the financial regulator to ascertain Hong Kong’s strategy toward digital currencies in the face of impressive adoption rates and price spikes. The parliamentarians, led by Johnny Ng, sent four questions to the regulator to obtain a clear report on the government’s stance toward digital currencies. The first one sought to verify whether the government would improve the legal regime for…
Bitcoin’s (BTC) recent breach of the $100,000 price level has sparked discussions among analysts about market conditions and potential risks — while some metrics suggest caution, others indicate room for further gains, according to analysts. VanEck head of digital assets research Matthew Sigel observed that only a few indicators suggest a market peak, leaving room for potential price increases. Sigel pointed to a low MVRV Z-Score, subdued search interest for “Bitcoin,” relatively stable BTC market dominance, and a simple moving average multiplier still in a moderate range. He also acknowledged elevated funding rates but emphasized that these have persisted without…
In May, JPMorgan Chase CEO Jamie Dimon warned of a potential return to stagflation this year, an economic condition marked by stagnant growth coupled with rising inflation. Now, with Donald Trump’s proposed Tariffs, economists are debating whether Jamie Dimon’s predictions will come true. Speaking to panelists at a conference, Dimon pointed to years of extraordinary fiscal and monetary stimulus as contributing factors, including the Federal Reserve’s hiking of interest rates at the time. “How can you tell me it won’t lead to stagflation?” he questioned. While Federal Reserve Chair Jerome Powell dismissed these concerns earlier this year, describing stagflation as…
The legal dispute between Ripple and the U.S. Securities and Exchange Commission (SEC) has sparked widespread discussion, with many viewing it as a crucial event for the crypto sector. Some believe the lawsuit aimed to block Ripple’s efforts to challenge established financial systems or compete with Ethereum, while others see it as a calculated move by Ripple to achieve broader objectives. A Different Perspective Vincent Van Code, a blockchain analyst, suggests that Ripple’s legal battle with the SEC may have been part of a carefully planned global strategy. According to him, the lawsuit might have been initiated to accomplish specific…
Bitcoin’s recent $100k milestone has many speculating about the timing. While Q4 is generally a bullish quarter, the surge in Bitcoin’s price reportedly came on the back of increased institutional demand and strong buying activity from the US. Buying pressure coincides with the holiday season, which may enhance market euphoria due to the “Holiday Effect.” Will the phenomenon intensify BTC price before 2024 ends? Bitcoin could hit another record high before year-end Bitcoin price surpassed $100k on December 4 for the first time, leading to celebrations within the crypto community. Bitcoin maintained the range before dropping under the crucial level…
India’s cryptocurrency market is rapidly evolving, with smaller cities and towns stepping up as active players in the digital assets space. A recent report by CoinSwitch says tier-2 and tier-3 cities like Botad, Jalandhar, Patna, Kanchipuram, and Dehradun are becoming increasingly active in the country’s crypto ecosystem. This marks a significant shift from the earlier dominance of major metropolitan areas like Delhi, Mumbai, and Bengaluru. This wave of growth is primarily driven by younger investors, many of whom are under 35, looking to diversify their portfolios with cryptocurrencies. The country now boasts over 2 crore crypto users, with a majority…