Author: NBTC
The big news from the Crypto4Harris town hall Wednesday night is that Senate Majority Leader Chuck Schumer is going to try to pass a crypto bill through the upper chamber by the end of the year. “Congress has a responsibility to provide common sense and sound regulation on crypto, and we need your support to make sure that any proposal is bipartisan,” he told the online group, which was assembled to prove that Democrats are “engaged” on crypto issues this election year. Of course, the background here is that Democrats… haven’t exactly been engaged on crypto for a long time.…
Analyst Josh of Crypto World said that Bitcoin is presently retesting a critical support area and showing a short-term bullish divergence. This suggests more liquidations might occur soon, according to him. The analyst discussed the current state of Bitcoin, bringing to attention several key technical indicators and potential market movements. After a meteoric rise, Bitcoin is currently struggling to rise above the $70k levels. Focusing on the 4-day Bitcoin chart, he said that the Bollinger Bands are tightening, indicating a move is likely in the coming weeks. This move could be substantial, potentially between 20% and 30%. The Bollinger Band…
Rob Cunningham, host of the Kuwl Show, asserts that XRP’s utility remains resilient against financial pressures, comparing its value proposition to immutable principles like truth and mathematics. He highlights XRP’s potential to revolutionize global finance through reduced friction in payments and elimination of inefficiencies, despite recent market fluctuations. Rob Cunningham, a researcher and host of the Kuwl Show, asserts that XRP’s inherent utility remains impervious to even the most significant financial attempts to undermine it. In a recent post on X, Cunningham confidently stated that even an expenditure of $1 trillion could not diminish or invalidate XRP’s value proposition. He…
Bitcache founder Kim Dotcom, who faces a slew of charges over his controversial file-sharing website Megaupload, will be extradited to the United States after a more than decade-long tussle with American authorities. However, Dotcom claims he has a “plan” to avoid the maneuver. New Zealand Justice Minister Paul Goldsmith signed an extradition order for Dotcom, ending a 12-year legal battle to bring him to the U.S., Reuters reported Thursday, citing a representative for the Minister of Justice. “I considered all of the information carefully, and have decided that Mr. Dotcom should be surrendered to the U.S. to face trial,” Goldsmith…
Bitcoin price declined 6% in the past 7 days, trading at $65,516. RSI and EMA of BTC are signaling selling pressure. Bitcoin (BTC), the largest cryptocurrency by market cap, has observed a decline in its active address count, as per the data from Glassnode. Usually, a decline in the active addresses is found during a surge in the Bitcoin transaction fees. Moreover, the network activity of Bitcoin has reached its lowest in five years, dropping significantly. The entire market sentiment has been wary as Bitcoin’s price fluctuates between $69K-$65K. The regulatory issues and the shift in investor focus might be…
The latest data shows that the institutions and whales are collecting more than more $LINK tokens. As per Lookonchain, a prominent on-chain analytics provider, the respective whales and institutions have redeemed up to 6.72M $LINK coins from the well-known crypto exchange Binance. The on-chain analytics firm took to social media to offer insights into this development. Whales/institutions continue to accumulate $LINK!A total of 90 fresh wallets withdrew ~6.72 $LINK(86.7M) from #Binance recently!https://t.co/W6JaoFM1zShttps://t.co/6Scx8SLtNl pic.twitter.com/m2eqwKvnYE — Lookonchain (@lookonchain) July 7, 2024 Institutions and Whales Keep on Amassing $LINK Tokens In its latest X post, the analytics company noted that 90 wallets withdrew…
Republican candidates are voicing sharp criticism after a major pro-crypto political action committee (PAC) announced support for Democrats in crucial Senate races in Arizona and Michigan — a move that many in the GOP see as a betrayal of their growing alliance with the crypto industry. Fairshake PAC, along with its affiliated super PACs, announced on Aug. 14 that it had allocated approximately $3 million each to back Democratic candidates Rep. Ruben Gallego in Arizona and Rep. Elissa Slotkin in Michigan. The endorsements come as a shock to many Republicans, who had increasingly viewed the crypto sector as a natural…
In a recent interview with CryptoSlate at BTC Prague 2024, Fred Thiel, CEO of Marathon Digital Holdings, shared his insights on several critical aspects of the Bitcoin landscape, focusing on transaction fees, hash rate resilience, and global expansion initiatives. Transaction Fees and Future Trends Thiel highlighted the conditions of Bitcoin transaction fees, noting that large payloads requiring prioritization drive higher fees. He emphasized that transaction volume in the mempool is the primary driver, with various value-added services built on top of base transaction fees. Thiel likened it to a tiered system, where first-class services guarantee transaction finality and lower-tier services…
Binance witnessed a massive 127 million Jasmy coin purchase, signaling strong investor interest and confidence. Such substantial acquisitions often precede price increases, suggesting optimism about Jasmy’s future prospects. Jasmy coin’s steady rise is driven by its unique value proposition in democratization and IoT applications. In the last five days, Binance has seen an astonishing 127 million Jasmy coins purchased. This surge has raised questions about the future of Jasmy coin and investors. In the last 5 days, 127 million #Jasmy coins have been purchased on #Binance! 🔥 pic.twitter.com/yePTCFtao0 — STEPH IS CRYPTO (@Steph_iscrypto) July 7, 2024 Such substantial purchases have…
Alabama representative Mike Shaw, R-Hoover has announced the intent to proclaim legislation to regulate cryptocurrency and blockchain technology, as it increasingly becomes an integral part of citizens in Alabama. This comes barely a month after crypto stakeholders in Alabama including lawmakers and businesses met to discuss how to regulate the crypto market and blockchain technology for the benefit of all. Shaw targets next year for the introduction of the regulation In his address Wednesday, to attendees of the town hall meeting in Montgomery, organized by Coinbase, a cryptocurrency exchange firm, Shaw said the planned legislation will be introduced next year.…