Author: NBTC
Bitcoin has had a volatile week, with its price fluctuating between a local high of $69,500 and a low of $65,000. Following weeks of strong bullish momentum, the market has now cooled, and BTC is consolidating just below the crucial $70,000 level. This key threshold is seen as a trigger for intensified buying pressure if Bitcoin manages to break above it. According to CryptoQuant data, there’s still room for further growth, as short-term holder (STH) coins are trading at a 6.2% net asset value (NAV) premium. This premium is often viewed as a gauge of market sentiment, reflecting the optimism…
Former Commodity Futures Trading Commission (CFTC) Chair Christopher Giancarlo denied rumors about being considered as the next Chair of the US Securities and Exchange Commission (SEC). He also denied the rumors about being interested in a crypto-related role within the US Treasury Department, adding: “I’ve made clear that I’ve already cleaned up earlier Gary Gensler mess [at] CFTC and don’t want to have do it again.” Although he did not specify, the ‘mess’ could be related to the SEC’s “regulation by enforcement approach” toward the crypto industry, which one of its Commissioners deemed a “disaster.” Giancarlo took over as CFTC…
Vanar Chain has partnered with Nexera to transform real-world asset (RWA) integration within its blockchain ecosystem. This collaboration aims to enhance the Vanar Chain ecosystem by leveraging Nexera’s advanced middleware solutions and no-code tools. Asset tokenization makes management more accessible and globally compliant. Vanar shared the details and objectives of this strategic collaboration through its official X account. 📢 EXCITING PARTNERSHIP UPDATE 📢We’re thrilled to announce new advancements in partnership with @Nexera_Official! Together, we’re set to transform real-world asset (RWA) integration on the blockchain, bringing advanced no-code tools and middleware solutions to the… pic.twitter.com/CBx3WrF9dg — Vanar (@Vanarchain) November 15, 2024…
Analysts said that Bitcoin prices could drop slightly in the short term as whale accumulation reached a new record high. Whale’s Bitcoin holdings have reached 670,000 BTC, the largest accumulation of the digital currency in history. Impact Of Whale Accumulation Crypto analysts said that one of the positive impacts of whales buying large volumes of Bitcoin is it helps stabilize the market. As a result, the crypto’s price could go down a little bit or become more stable. Reducing the volume of Bitcoin in the market could possibly make prices less susceptible to volatility. In previous whale accumulations, it was…
To strengthen the cryptocurrency ecosystem, Bitget, MultiversX, and P2P.org have come to a partnership agreement with efforts to optimize their platforms’ performance. Such collaboration means the increased opportunity for Bitget users to stake EGLD, the native token of the MultiversX network, on the platform of Bitget Earn. This effort is expected to improve market utility and offer more ways for the community to make money, leveraging the synergy of each mutual application. Recently @bitgetglobal allowed users to stake EGLD on Bitget Earn platformAs @P2Pvalidator we’re excited to work with @MultiversX foundation and @bitgetglobal to make it happen.Enjoy Bitget’s UX with…
Gary Gensler, current Chair of the SEC, gave a speech today fervently defending his strict regulatory policies against the crypto industry. President-elect Donald Trump vowed to fire Gensler, who appeared to accept his ousting. Gensler remained defiantly critical of the crypto industry, calling it a field of “significant investor harm.” Gensler’s Defiant Speech In a recent public appearance, controversial SEC Chair Gary Gensler delivered what seemed like a “farewell speech.” Gensler began with the topic of “effective administration” and the history of securities laws in the US. He then proceeded to defend his stubborn regulatory policies, which had become a…
Shytoshi Kusama, the pseudonymous lead developer of Shiba Inu, has called on President-elect Donald Trump to appoint a blockchain advisor in his administration. The suggestion comes as the newly created Department of Government Efficiency (DOGE) reportedly explores implementing a blockchain-based election system. Kusama Explains Why Trump Should Hire a Blockchain Advisor On November 15, Kusama shared concerns about the rumored blockchain election platform reportedly under review by Trump’s team. The rumored system, dubbed “eVote,” is said to involve partnerships with prominent blockchain platforms like Cardano, Hyperledger, Hedera, and X (formerly Twitter). It aims to create a nationwide electronic voting and…
Economist Peter Schiff forecasts a “Trump dump” for bitcoin, questioning its weak momentum amid Donald Trump’s rising election odds. Peter Schiff Sees ‘Trump Dump’ for Bitcoin Economist and gold advocate Peter Schiff, known for his skeptical view on bitcoin and fervent support of gold, has shared insights on both assets amid recent market shifts. Posting on social media platform X on Oct. 22, Schiff noted that, despite rising odds of a Donald Trump victory in the 2024 U.S. election, bitcoin has not followed the upward momentum seen in other Trump-related assets, such as stocks and real estate. “The Trump trade…
The Cardano (ADA) community rallied to support Charles Hoskinson, the blockchain’s founder, following sharp criticisms on X (formerly Twitter). The debate began on Saturday when a user by the handle “Dclay” posted asking for Hoskinson’s involvement in the project. The post asked if Hoskinson was slowing down Cardano in some way, suggesting his personality and emotions were an issue for the blockchain. Sorry if this triggers any of y’all, tbh it had to be asked. Homie is an emotional wreck. — Dclay 🪙 (@DclayTlks) November 3, 2024 Another user echoed these views, calling Hoskinson the “biggest enemy” of Cardano and…
The Securities and Exchange Commission may have to slowly drag itself out of the legal mire with the crypto industry, even with an industry-friendly commission. Dropping existing cases would need a commission vote, lawyers say, and Republicans won’t enjoy an SEC majority for a while. Coinbase’s top lawyer says it’s still counting on rapid action from the regulator. After years of legal wrangling with the U.S. securities regulator, President-elect Donald Trump’s win was taken by the crypto industry as a definitive sign that their courtroom fights and enforcement pressures would be cast away when he takes the oath of office…