Author: NBTC

After several weeks of sustained upward momentum, Bitcoin is currently holding above $66,000. The price has recently encountered resistance at the crucial $69,000 level, which is expected to take time and significant liquidity to overcome. Key data from Binance reveals that more than half of futures traders have shorted BTC in the past few hours, creating a divisive environment for price action. The futures market often serves as a barometer for momentum and liquidity, signaling potential shifts in Bitcoin’s price movement. As BTC consolidates just below the $69,000 resistance, maintaining support above $66,000, the coming days will be pivotal. Investors…

Enigmatic lead developer of the Shiba Inu team, known to the community under the pseudonym Shytoshi Kusama, could not hold back from responding to a tweet which challenged his recent X post about SHIB surpassing Bitcoin in value growth. This time, Kusama responded to the founder of 1confirmation investment company and also a regular SHIB enthusiast who claimed that Shiba Inu is likely to remain just a “chump change meme.” Kusama responds to “disrespect” for SHIB The founder of the 1confirmation investment firm Nick Tomaino published a tweet in which he enumerated seven crypto projects from the very start of…

South Korea will impose a 20% tax on crypto gains exceeding 50 million won, starting January 2025. The revised tax plan excludes smaller investors and aligns crypto policies with stock market taxation guidelines. OECD’s 2027 data exchange initiative will support South Korea’s efforts to track and tax international crypto transactions. South Korea’s Democratic Party will begin crypto taxation in January 2025. Jin Sung-joon, the policy committee chairman, announced the government’s decision during an interview on MBC Radio’s Attention View. He confirmed that officials will not delay the tax implementation further to ensure legal stability and predictability. South Korea Confirms Crypto…

As blockchain technology reshapes global entertainment, strategic partnerships are pushing the boundaries of sports fan engagement. Sportsbet.io’s recent collaboration with LALIGA, Spain’s premier football league, exemplifies this shift. Designed to give fans real-time engagement options, this partnership leverages blockchain to provide seamless, interactive betting experiences, such as exclusive content and unique rewards for their global audience. Through targeted partnerships, Sportsbet.io is redefining the betting experience, pioneering new standards for crypto iGaming, and creating a brand that resonates deeply with modern audiences. Transforming Fan Engagement with Real-Time Interaction Through blockchain integration, Sportsbet.io enables fans to place bets on live events, complete…

A number of Bitcoin addresses that have “never had a Bitcoin outflow” are currently accumulating the flagship cryptocurrency at an unprecedented pace, to the point they are now holding 2.9 million BTC, worth around $194 billion at the time of writing. In a newly published report, CryptoQuant analyst Burak Kesmeci noted that the total amount of BTC in “Bitcoin accumulation addresses” was at around 1.5 million coins at the beginning of the year, and that the figure has now nearly doubled over the past 10 months. These addresses, the analyst added, continue to “accumulate patiently and boldly without selling off…

On October 30, 2024, the XRP Ledger (XRPL) marked a crucial achievement with the activation of Decentralized Identifiers (DIDs), enabling users to take control of their own digital identities. Contents hide 1 What Are Decentralized Identifiers (DIDs)? 2 How Do DIDs Enhance Identity Management? What Are Decentralized Identifiers (DIDs)? DIDs represent unique identifiers that empower individuals to manage their digital identities independently, without a central authority. This innovation adheres to the standards set by the World Wide Web Consortium (W3C), guaranteeing that DIDs are persistent and globally resolvable, compatible with various blockchain infrastructures. How Do DIDs Enhance Identity Management? DIDs…

The Securities Exchange Commission (SEC) obtained orders for $8.2 billion in remedies for the 2024 fiscal year, a record high for the regulatory agency. This is a 67% increase from the $4.9 billion in financial penalties that it collected in 2023. According to the official press release, the regulator filed 583 enforcement actions during the year, a 23% decline from the previous year. Most enforcement actions (431) were stand-alone, while 93 were follow-on administrative proceedings based on civil injunctions, orders, and criminal prosecutions. 59 enforcement actions targeted issuers who did not make their compulsory filings on time. The massive increase…

Cryptocurrency venture capital firm Digital Currency Group (DCG) is looking to help develop Bittensor (TAO), a decentralized artificial intelligence (AI) protocol. The firm aims to achieve this goal through Yuma Group. The company will join a list of its subsidiaries, including Grayscale Investments. Yuma will be developing Bittensor, the companies announced. It hopes to enable developers to create, train, and access AI. DCG founder and CEO Barry SILBERT will also lead the new subsidiary, advancing its vision to advance the integration of AI and cryptocurrency. The firm said it has named Yuma after the Bittensor protocol “Yuma Consensus.” This smart…

Bitcoin price started a downside correction and tested the $66,500 zone. BTC is now consolidating and might aim for a fresh increase above $67,800. Bitcoin struggled to test the $70,000 resistance zone and started a downside correction. The price is trading below $67,500 and the 100 hourly Simple moving average. There is a short-term contracting triangle forming with support at $67,100 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase unless there is a close below the $66,500 zone. Bitcoin Price Starts Consolidation Phase Bitcoin price struggled to continue higher…

Shiba Inu lead developer Shytoshi Kusama expresses optimism about TREAT’s potential to accelerate the transformation of memecoins into utility tokens. The Shiba Inu lead developer expressed this view today during an exchange with Simon Dedic, CEO of blockchain advisory and investment firm Moonrock Capital. In an X post yesterday, Dedic pointed out that memecoins are slowly transforming into “fundamentally strong utility tokens.” Amid this evolution, he suggested that this shift might continue in the coming months, leading to a complete transformation of the memecoin market. Kusama Reacts Interestingly, Dedic’s comment triggered a reaction from Kusama, who indicated that the transformation…