Author: NBTC
Tron founder Justin Sun encourages investors to accumulate Ethereum amid positive shifts in macroeconomic crypto policies. The crypto market is maintaining a bullish trend, with Bitcoin setting higher highs while top altcoins like Ethereum (ETH) and Tron (TRX) are capitalizing on it. Ethereum is now making a fresh attempt at the long-lost $3,000 level after registering over 5% gains today to trade at $2,950. Notably, the market-wide uptrend has been ongoing for four consecutive days, with the market sentiment now at “greed.” However, Justin Sun, founder of the Tron blockchain network, believes there is more room for further upsurge. Not…
JPMorgan Chase is refusing to pay a monthly pension to a widow whose husband worked at the bank for 10 years before his untimely death. Elaine Silverberg’s departed spouse Melvyn worked as a systems analyst at Chase Manhattan Bank from 1969 to 1979, reports the New York Post. Melvyn died in 1988 due to multiple organ failure and since then, Elaine has been in a standoff with JPMorgan Chase. The bank has refused to disburse an estimated $53,000 pension accumulated by Melvyn for more than three decades. A letter from the Social Security Administration seen by the New York Post…
Brazilian digital bank Nubank has announced the immediate suspension of trading for its native cryptocurrency, Nucoin. This officially ends operations for the token launched in March 2023. Nubank informed its customers on Tuesday that the purchase and sale of Nucoin would be permanently halted within 15 days. The bank cited potential market volatility as the reason for the sudden suspension. Conversion options for Nucoin holders According to the details shared by the local news media outlet, Nubank is offering a conversion option for customers holding at least 100 Brazilian reais worth of Nucoins. These users can choose to convert their…
Bankrupt FTX has filed a lawsuit to recover at least $11 million held in a Crypto.com account linked to its sister company, Alameda Research, according to a Nov. 8 filing. FTX alleges that before filing for bankruptcy, Alameda held an account at Crypto.com registered under the name Ka Yu Tin, also known as Nicole Tin. According to the firm, this practice was typical for Alameda, which often opened accounts under shell companies or employees’ names to mask its trading activities. However, FTX claims Alameda funded and controlled the account in question. After Alameda declared bankruptcy, Crypto.com reportedly locked the account…
Bitcoin price’s recent surge past $73,000 has drawn widespread attention, marking an over 8% rally within just a few days. Key factors are fueling the bullish momentum, with many expecting the rally to persist. Here’s why BTC price could remain on an upward trajectory. 1. Upcoming Presidential Election & The “Trump Trade” The approaching U.S. presidential election is creating significant waves in the Bitcoin and crypto markets, especially with former President Donald Trump’s rise in swing state polls. Analysts at QCP Capital have noted that Trump, a pro-crypto candidate, is gaining traction in states like Nevada and Pennsylvania. QCP: The…
Macro investor and fund manager Dan Tapiero believes Ethereum (ETH) is severely undervalued in the current market. The CEO of investment firm 10T Holdings tells his 120,000 followers on the social media platform X that ETH could soar by 171% from its current value as decentralized finance (DeFi) crypto projects built on its blockchain could flourish under pro-crypto US President Donald Trump. Trump, who is expected to take office in January 2025, has promised to fire the chair of the US Securities and Exchange Commission (SEC), Gary Gensler, who is largely seen as being anti-crypto. “Ethereum too cheap. Gonna explode…
As Donald Trump eyes a dramatic economic overhaul, his proposed tariff regime stands at odds with the core tenets of free-market economics. Cutting Income Tax is Good, But Tariffs? Libertarians Disagree Donald Trump’s return to the presidency brings a bold agenda: funding government through tariffs and cutting excessive spending, and perhaps even hold bitcoin as a national reserve. These ideas, while appealing to some for their dramatic stance against bureaucratic bloat, raise serious concerns from a free-market perspective. I think, if we turn to the economic principles championed by thinkers like Murray Rothbard and Ludwig von Mises, Trump’s tariff-centric approach…
ENS Labs announced the integration of Ethereum Name Service on PayPal and Venmo. Users can now transfer their cryptocurrency using an ENS name rather than copying a wallet address. ENS is up nearly 5% following the announcement. ENS Labs soared nearly 5% on Tuesday after announcing that it had integrated its naming service on PayPal and Venmo to foster faster and simpler crypto transactions. ENS integrated on PayPal and Venmo for swift cryptocurrency transfers ENS Labs, the team behind the web3 domain naming system Ethereum Name Service, announced today that it has integrated its naming solution into PayPal and Venmo.…
Kraken Exchange has added VeChain Perpetual Futures trading on its advanced trading engine. The trading platform’s move is a testament to VeChain’s growth over the past year. Kraken, a popular US-based crypto exchange, announced it has added support for VeChain (VET) perpetual futures on its platform. As a result, users can now trade VET with multiple collateral options on Kraken Pro. Features and Benefits of the VeChain Perpetual Futures Kraken Pro announced the development on Thursday in an X post. VeChain community members expect the move to expand the utility of the VET token. According to the exchange, users can…
The price of Bitcoin (BTC) is nearing its all-time high (ATH), and it is likely that a new high may arrive in the coming days. Seeing this, Bitcoin whales have triggered a strong buying spree. This has injected further positive momentum into the market, with Bitcoin looking to close October with a new high for its price. Earlier today, a massive Bitcoin transaction worth around $91 million recently exited Binance, one of the world’s largest cryptocurrency exchanges. The transfer, tracked by leading crypto monitoring platform Whale Alert, saw the movement of 1,260 BTC from Binance to an unidentified crypto wallet.…