Author: NBTC

Bitcoin could be on the verge of a major new bull run. According to Tuur Demeester of Adamant Research, in his publication How to Position for the Bitcoin Boom, we may be in the early stages of a new multi-year bull market that could propel bitcoin prices into six figures. “During this accumulation phase, we expect bitcoin to trade in a range of $22,000 to $42,000, until a new multi-year bull market pushes it well north of $120,000,” Demeester noted. Imagine securing a substantial allocation of bitcoin before this bull run begins—an allocation that could appreciate completely tax-free, funded by…

The European Central Bank is urging faster action on the digital euro as legislative delays risk hindering progress amid growing global competition. The digital euro project is facing delays in the European Union, with the European Central Bank urging faster action to prevent Europe from falling behind global competitors. Evelien Witlox, the ECB’s project manager for the digital euro, told Euronews in an interview that Europe should speed up with the development to avoid falling behind, as global competitors like the U.K. and China are also exploring central bank digital currencies. Thus far, there is no pan-European digital payment solution…

Bitcoin surged above $69,000 overnight on Sunday, hitting its highest price in three months. The rally capped Bitcoin’s strongest week in two months and added fuel to excitement in a market already gaining momentum. With BTC nearing its all-time high of $73,000, market experts are speculating on the possibility of it breaking a new record this year. Here are what analysts say are the key factors driving Bitcoin’s recent rally. However, today the BTC price experienced a sudden partial decline and is currently trading at $ 67,800. With the decline, there was a liquidation of approximately $ 70 million in…

Nov 21 (Reuters) – Silicon Valley tech giants and others who together process more than 13 billion financial transactions annually through digital wallets and payment apps will be subject to government supervision, the U.S. Consumer Financial Protection Bureau said. The new rule finalized on Thursday will bring a burgeoning consumer service under the same scrutiny faced by banks while helping protect the privacy of vast amounts of consumer data and preventing fraud and the illegal closure of their accounts, the agency said. The regulations, first proposed a year ago to govern digital services such as Apple Wallet (AAPL.O), opens new…

Bigger investors are holding more BTC and that is evident from rising whale addresses as Bitcoin price remains in the vicinity of its ATH. In particular, purchases tend to occur in advance of large-prices movements, which signal confidence in the value of whales’ Bitcoin investments. Increasing presence of whales may signify that important factors in the world economy have caused massive investors to turn to Bitcoin. Despite Bitcoin hovering around it’s all-time highs (ATH), a notable increase in whale activity has been observed. Analysts have observed that so-called ‘whales’ – big holders of BTC – are on the horns of…

HBAR Foundation has joined the Chainlink ecosystem through Chainlink’s scale program. The collaboration will see the integration of Chainlink Data Feeds and Chainlink CCIP on the Hedera testnet to give developers the diversified services required to build feature-rich dApps. HBAR Foundation, the entity that fuels developments and oversees governance in the Hedera ecosystem, has entered yet another collaboration with Chainlink. Hedera developers will access Chainlink Oracle services .@HBAR_foundation has joined Chainlink Scale, with Chainlink Data Feeds now live on @hedera Testnet. Additionally, Chainlink CCIP is being integrated on Hedera.#RoadToSmartConhttps://t.co/H3EXvvvpxh pic.twitter.com/MbKeSJMtum — Chainlink (@chainlink) October 29, 2024 The association has yielded…

South Korea is cracking down on those using cryptocurrencies to evade taxes as the country prepares to implement a new 20% tax on crypto gains. This move by the National Tax Service (NTS) underscores the government’s commitment to regulating the digital asset space while ensuring tax compliance. The NTS has been monitoring the crypto holdings and activities of major tax debtors to uncover illegal practices. In one investigation, the agency found that an individual who purchased 20 different cryptocurrencies with funds from a property sale attempted to hide these assets by transferring them to multiple wallets. The NTS tracked these…

Bitcoin ETFs have already made a multi-billion-dollar splash on Wall Street this year. But analysts say a new wave of institutional interest could roll in as options are added to the mix following recent regulatory approvals. On Friday, the Securities and Exchange Commission (SEC) approved the listing and trading of options for 11 spot Bitcoin ETFs. With a majority of the products approved in January, the nod came as cumulative net inflows swelled past $20 billion for the group last week. For products listed on the New York Stock Exchange, the approvals included the Fidelity Wise Origin Bitcoin Fund and…

Alameda Research, the sister company of bankrupt crypto exchange FTX, transferred 143.77K WLD tokens to a centralized exchange (CEX). This move raises concerns that the altcoin could decline, as the firm has sold a significant amount of WLD in recent months. Blockchain analysis platform Spot On Chain reported that Alameda Research has deposited 2 million WLD tokens (worth approximately $3.46 million) to Binance since August 9 “in multiple small batches, likely to repay creditors.” FTX and its related entities, including Alameda, filed for bankruptcy in 2022 and owe billions of dollars to creditors. The company has been selling WLD tokens…

IBIT surpasses major competitors in year-to-date inflows as investor confidence grows. Key Takeaways BlackRock’s iShares Bitcoin Trust saw a significant influx of $329 million despite a dip in Bitcoin prices. The fund has surpassed Vanguard’s Total Stock Market ETF in terms of year-to-date inflows. BlackRock’s iShares Bitcoin Trust (IBIT) recorded around $329 million in new investments on Monday, even as Bitcoin’s value fell below $67,000. With the fund’s strong performance, US spot Bitcoin ETFs have successfully extended their winning streak to seven consecutive days with net buying exceeding $2.5 billion, according to Farside Investors data. US spot Bitcoin ETF Flows…