Author: NBTC

Karrat, a small-cap gaming token, rose for two consecutive days, reaching its highest point since Aug. 24. Karrat (KARRAT) has risen by over 65% from its lowest level this year, bringing its market cap to over $48 million. However, it remains about 68% below its all-time high. This rebound occurred as some of the most popular gaming tokens jumped. Immutable X (IMX) has risen by over 44% in the last seven days while Beam (BEAM) soared by 15.7% in the same period. Similarly, Gala Games (GALA), The Sandbox, Ronin, and ApeCoin have all jumped by over 15%. Karrat also rallied…

Nickson Omondi, manager of the digital economy tax office at KRA, said that the tax collection agency planned to roll out a real-time tax collection system that would be integrated into exchanges. Through this initiative, the KRA sought to increase Kenya’s tax base to tap into the growing sector, which reported crypto transactions of about $18.6B in 2022. The KRA highlighted its tax plans for the 2024/25 financial year, confirming that the new system would monitor and track details like transaction type, date, value, and time. Exchanges such as Coinbase and Binance provided services to the Kenyan crypto market despite…

MicroStrategy CEO Michael Saylor, known for his bullish views on Bitcoin (BTC), recently shared a new perspective on the price of the first cryptocurrency. Thus, in an interview with CNBC, Saylor declared that Bitcoin is destined for a valuation of at least $13 million. It is not the first time the prominent entrepreneur has made such a thunderous prediction. However, it still sent shockwaves through the crypto space, reaching as high as Dogecoin cofounder Billy Markus, also known as Shibetoshi Nakamoto. The latter in turn issued his own Bitcoin price prediction. Markus argued with Saylor’s vision and declared that he…

Moonshot, a rapidly growing DeFi protocol, has achieved significant financial success in the past 30 days, recording an astounding 1657% month-over-month revenue growth. According to recent data, the platform has generated $498,000 in revenue within this short time frame, indicating a sharp upward trend in its usage and market impact. Moonshot(@usemoonshot) generated $498K in revenue over the past 30 days, marking a 1657% month-over-month growth.Daily distinct users are around 4,000. pic.twitter.com/aeAmOjO7Gs — Lookonchain (@lookonchain) October 24, 2024 According to Lookonchain, this explosive growth highlights Moonshot’s increasing traction in the decentralized finance (DeFi) space, as it attracts more traders and generates…

Stablecoins could capture 5%-10% share of the global money supply over the next decade, Circle CEO Jeremy Allaire said. Next year will be pivotal for stablecoin regulations, Allaire said, anticipating many countries in the G20 group and emerging markets having laws in place by the end of 2025. The stablecoin market could grow to a $5-$10 trillion market in ten years as digital money adoption grows and increasingly becomes part of the global financial system, Jeremy Allaire, CEO of Circle, the company behind the USDC (USDC) and EURC cryptocurrencies, said in an interview with CoinDesk. Allaire said that he envisions…

In recent times, Polygon (POL), the most popular layer two scaling solution for Ethereum, has seen a significant increase in its relevance and usage. Thanks to its ability to offer cheaper and faster transactions compared to the main Ethereum network, Polygon is attracting more and more attention from developers, investors, and users in the cryptocurrency world. With Ethereum gas fees continuing to remain high, Polygon presents itself as an ideal alternative, providing a more efficient infrastructure for building and running decentralized applications (dApp). The impact of high Ethereum fees benefits Polygon (POL) Investor confidence and the increase in the price…

One of the legends of the NBA world, Scottie Pippen, has returned to his recently published X post about Satoshi Nakamoto giving him a bullish Bitcoin price prediction…in his dream. Back then, this posting triggered a vast reaction from the cryptocurrency community, which was a mix of negative and enthusiastic comments. Now, Pippen has extended that to Bitcoin bull Michael Saylor and the ultra-bullish BTC price forecast he made on CNBC yesterday. Michael Saylor’s Bitcoin talk on CNBC On Monday, co-founder of MicroStrategy and its executive chairman Michael Saylor paid a visit to CNBC’s Squawk Box show where the hosts…

MicroStrategy’s stock price popped 6% on Thursday to above $230, touching a nearly 25-year high as a six-week rally for the world’s largest corporate holder of Bitcoin continued. Less than two months ago, MicroStrategy shares were valued at $118, trending lower as Bitcoin hovered around $56,000 on Sept. 6. While the digital asset’s price has climbed 20% since then to $67,600, MicroStrategy’s share price has surged by comparison, nearly doubling over that period of time. Shedding its label as an enterprise software firm, MicroStrategy has positioned itself as a Bitcoin development company. Earlier this month, MicroStrategy co-founder and Executive Chairman…

A major feature of the current cryptocurrency market cycle has been the repeated success of investors seeking to take advantage of temporarily viral memes to turn hundreds of dollars into thousands if not millions. The latest such success was achieved by a trader who purchased the new Moo Deng (MOODENG) meme coin on September 10 for 6 Solana (SOL) – worth approximately $800 at the time – per data gathered by Finbold from blockchain intelligence platform Arkham on September 23. The trade quickly exploded in value, as did the virality of the meme on which it was based. By September…

Will Congress fix crypto regulation before it’s too late? Behnam says the lack of legal clarity leaves the CFTC “handcuffed” as the crypto market continues to evolve. Table of Contents CFTC is “handcuffed” The unfinished business of crypto regulation Growing chaos of election betting Betting markets thrive despite legal scrutiny and criticism CFTC is “handcuffed” U.S. Commodity Futures Trading Commission Chair Rostin Behnam is raising concerns, and it’s not just about the growing complexity of the crypto market. Behnam, a longtime advocate for clearer rules in the digital asset space, is now urging Congress to address two critical issues: crypto…