Author: NBTC
Bitcoin’s price has experienced a modest 2% increase over the past 24 hours. This reflects the broader uptrend in the cryptocurrency market, which has also seen a 2% rise in capitalization. On-chain data indicates that this bullish momentum could continue, paving the way for Bitcoin to approach the $67,000 mark. In this analysis, BeinCrypto explores the factors that could make this happen in the near term. Bitcoin Registers Uptick in Accumulation Bitcoin’s taker-buy-sell ratio has reached its highest level in the past month. Currently, this metric, which tracks the ratio of BTC’s buy-to-sell volumes in the futures market, stands at…
Lisk, a long-standing Web3 infrastructure project, has announced a strategic partnership with Moralis. This integration is aimed at advancing blockchain APIs to ease decentralized application (dApp) development. We’ve got another powerful integration, and it’s with @moralisdevs Moralis offers an extensive suite of APIs designed to empower you to build everything from NFT marketplaces to DeFi applications without the hassle of managing your own nodes.Here’s what to expect with this… pic.twitter.com/tZSc0Jcngx — Lisk 🌍 (@LiskHQ) October 21, 2024 This collaboration offers developers seamless tools to create and manage applications without maintaining blockchain nodes, simplifying building NFT marketplaces and DeFi projects. Lisk…
Anchorage, a federally chartered crypto bank regulated by the Office of the Comptroller of the Currency (OCC), found itself on the wrong side of its own banking partner. In June 2023, the bank told Anchorage it was severing ties because the company was “in the business of crypto.” Nathan McCauley, Anchorage’s CEO, reportedly shared this during a testimony to Rep. French Hill yesterday, igniting another round of debate about the treatment of crypto businesses under President Biden’s administration. The debanking of Anchorage signals a much larger issue within the U.S. financial system. Industry leaders have dubbed it “Operation Choke Point…
After establishing dominance in the United States, Robinhood is set to expand into Asia next year, with plans to open its regional headquarters in Singapore, according to a report by Bloomberg. Expanding into the Asian Market “We plan to be serving customers across Asia soon,” Robinhood’s CEO, Vlad Tenev, announced on Wednesday at the firm’s investor day in New York. The move into Asia follows the company’s expansion in the United Kingdom and Europe. Robinhood entered the European Union last year with crypto trading and introduced regular brokerage services in the UK earlier this year. Citigroup analyst Christopher Allen confirmed…
Theta Network, a decentralized cloud for artificial intelligence and blockchain, has teamed up with FlyQuest to launch a customized AI esports chatbot. FlyQuest, a top esports organization and leading League of Legends team in North America, will leverage Theta EdgeCloud to power its agentic AI chatbot dubbed a.PHiD, Theta Network (THETA), said in an announcement. The bot, available on the FlyQuest website and via Discord integration, will offer answers to fan inquiries, including details on rosters, upcoming matches, and results. Commenting on the collaboration, FlyQuest chief executive officer Brian Anderson said the launch of a.PHiD will revolutionize the esports team’s…
Well-known Bitcoin critic Peter Schiff has sparked controversy in the crypto community once more by replying to a tweet from Michael Saylor. Saylor wrote about how MicroStrategy’s stock has performed well, praising the company’s Bitcoin strategy for outperforming other top stocks in the S&P 500. Schiff sarcastically responded with a similar comment, still maintaining his standard anti-Bitcoin stance. He chose not to purchase any Bitcoin for winning. This response started a discussion about his true motivations and whether he is interacting with pro-Bitcoin audiences by taking advantage of Bitcoin’s fame. Schiff clarified in response to a user who pointed out…
France considers taxing on “unproductive wealth,” like the assets that don’t make money on their own. Proposed tax targets non-productive assets like Bitcoin, yachts, and private jets. New tax could reduce Bitcoin demand, leading to short-term price drops and lower liquidity. France is shaking up the crypto world by considering a new tax on “unproductive wealth.” This includes Bitcoin, along with luxury assets like yachts, private jets, and high-end cars. So, what does this mean for Bitcoin’s price? Will this new tax make cryptocurrency less appealing to investors? France’s Proposed Tax on “Unproductive Wealth” The French government is exploring a…
Yoroi Wallet, a Cardano-based light wallet, and Bring, a white-label crypto cashback platform, are launching a partnership to connect blockchain technology with global retail. This venture will allow users to earn Cardano’s native crypto, ADA, as cashback rewards when shopping with more than 775 retailers worldwide. Through this collaboration, users will experience a novel way to passively earn ADA through everyday purchases. According to a Monday post, the initiative is a part of Cardano’s growing focus on expanding its real-world applications through practical, user-centric solutions. ADA Cashback Integration within Yoroi Wallet The integration aims to offer Yoroi Wallet users a…
ARK Invest CEO Cathie Wood expressed optimism about the future of digital assets under new SEC Chairman Paul Atkins. Cathie Wood Praises Incoming SEC Chair, Highlights Bitcoin’s Growth Potential Speaking about the leadership transition, Wood said Atkins is expected to reverse regulatory restrictions placed on digital assets by outgoing Chairman Gary Gensler and strengthen protections of private property rights in the digital space. Wood’s comments echo a growing sentiment in the financial sector about Bitcoin’s transformative potential, with Federal Reserve Chair Jerome Powell also commenting on the subject, describing it as a “virtual digital version of gold.” Powell noted that…
Binance, the world’s leading crypto exchange, saw 2024 inflows almost 40% higher than the next ten largest competitors combined. The firm has maintained advantages and diversified income in a chaotic market environment. Binance CEO Richard Teng shared the insights with BeInCrypto. Binance’s 2024 Journey According to a report shared with BeInCrypto, Binance, the major crypto exchange, is significantly leading in inflows. Specifically, according to data from DeFiLlama, Binance’s 2024 crypto asset inflows are nearly 40% higher than those of its 10 closest competitors combined. Binance 2024 Inflows. Source: DeFiLlama This lead is particularly impressive, considering some chaotic developments at Binance…