Author: NBTC
BRICS lawmakers advocate for Russian miners to sell their Bitcoin to international buyers, allowing countries to use Bitcoin and other crypto assets for imports, according to a Bloomberg terminal report shared by Matthew Siegel, the head of digital assets at VanEck. As the BRICS Summit Kicks Off, Top Lawmakes Are Pushing the Idea that Russian Miners Could Sell Their #Bitcoin to International Buyers, Who Would Use BTC and Other Crypto to Pay for Imports, Effectively Bypassing Western Sanctions. 🧵 pic.twitter.com/AyI8Km64Y1 — matthew sigel, recovering CFA (@matthew_sigel) October 23, 2024 Sanctions have significantly impacted Russia’s economy, but the emergence of crypto…
Stacks transforms Bitcoin with faster transactions and a decentralized ecosystem powered by sBTC. The Nakamoto Upgrade brings near-instant transactions, enhancing Stacks as a leading Bitcoin L2 solution. Stacks, a well-known Bitcoin Layer 2 (L2) solution, is quickly becoming a driving force in the Bitcoin economy. The platform’s success may be attributed to the work of a devoted community of developers, founders, and leaders, who have introduced disruptive innovations to the Bitcoin ecosystem. This focus is notably visible in the impending Nakamoto Upgrade, which promises to substantially reduce Stack block times from around 10 minutes to mere seconds, as we previously…
The Russian social media influencer Valeria Fedyakina, known as “Bitmama,” is under legal scrutiny, facing multiple fraud charges. Russian authorities allege that she caused damages of over 2.2 billion rubles (around $23 million) through illegal cryptocurrency activities. Despite these accusations, Fedyakina and her legal team maintain her innocence, calling the charges unfounded. The case has drawn significant attention due to her substantial following and alleged use of cryptocurrencies like Bitcoin for international transfers, highlighting the complexities of crypto regulations and the risks of unregulated digital finance. What are the allegations against Fedyakina? The Russian Investigative Committee accuses Valeria Fedyakina of…
Rome and Celestia unite to offer developers faster transactions, better scalability, and enhanced security for dApp building. The Rome-Celestia partnership boosts blockchain performance, enabling seamless cross-chain interaction with Solana’s fast consensus. Developers benefit from improved scaling, lower costs, and secure data availability, creating new opportunities for decentralized apps. Rome Protocol has announced its integration with Celestia, incorporating Celestia’s modular Data Availability (DA) solutions. This strategic partnership brings advanced data availability performance to all chains using Rome’s solutions. With Celestia’s DA layer and Solana’s high-throughput consensus, developers can now access enhanced transaction speeds, scalability, and cost efficiency without compromising security. 🧵🏛️Rome…
Trading legend Peter Brandt has injected some optimism into the embattled Bitcoin community with his latest chart. Brandt’s new chart shows that the largest cryptocurrency could still be on track to pull off another parabolic advance despite the recent bearishness. Bitcoin could be on course to reach a peak at roughly $150,000 in late 2025, according to the famous commodity trader. Prominent Bitcoin analyst Tuur Demeester believes that such a scenario is plausible. The latest chart is consistent with Brandt’s earlier prediction about Bitcoin peaking at the aforementioned $150,000 during the ongoing bullish cycle. Bitcoin recently succumbed to bearishness, with…
“If Bitcoin breaks, then so does our industry as a whole, so we might as well use Bitcoin security for cross-chain DeFi,” BOB co-founder Alexei Zamyatin, told CoinDesk. The team behind the project BOB – a reference to “Build everything on Bitcoin” – has presented the network’s design to position Bitcoin, the original and thus oldest blockchain, as the center of decentralized finance (DeFi) – usually more closely linked with newer blockchains like Ethereum and Solana. BOB’s vision is that Bitcoin would sit at the center of the crypto universe and therefore may as well serve as the foundation for…
Ethereum (ETH) price appears to be moving within a neutral range, as indicated by several market metrics. The current Net Unrealized Profit/Loss (NUPL) value signals that most investors are neither highly profitable nor experiencing heavy losses. This balanced sentiment suggests a mix of cautious optimism and anxiety but lacks the strong emotions that typically drive dramatic price shifts. Combined with the behavior of larger holders and key technical indicators, ETH might continue its sideways movement in the short term. ETH NUPL Is Currently Neutral ETH’s NUPL is currently at 0.34, signaling a neutral market state. This value suggests that most…
The Fed’s latest Beige Book report finds that economic activity in most regions has changed little since early September, with only two regions posting modest growth. Despite the ongoing uncertainty, respondents expressed cautious optimism about the long-term outlook. The report shows that inflation remains moderate, with sales prices rising at a mild or moderate pace in most regions. The overall economic outlook is mixed, with regional differences highlighting different conditions in key sectors. Manufacturing and Consumer Spending Manufacturing activity continued to decline in many regions, reflecting ongoing challenges in the sector. Consumer spending reports varied, with some regions noting a…
Shiba Inu community figure Lola has drawn the attention of the broader community to data signaling massive SHIB accumulation. In a post late Sunday, Lola shared an image showing that the amount of SHIB held by US-based crypto trading platform Robinhood has grown by almost 28% since her post last year, signaling increased traction towards the asset. According to her, investors are flocking into the ecosystem. Notably, this confirms that speculations that the Shiba Inu ecosystem is losing value are false. Lola asserted that the “flow of money” is coming to SHIB, insisting on a bullish outlook for the asset.…
The U.S. SEC has officially added cryptocurrency to its list of items to examine for 2025, according to a report by FOX Business journalist Eleanor Terrett. In a recent document, the SEC outlines its plans to continue to monitor crypto markets, with a focus on investments involving digital assets and related investment vehicles. Registrants that provide services related to these assets can expect assessments of their conduct in areas such as offering, trading and advising on crypto assets, with a particular focus on retail investors and retirement assets. The SEC also plans to review registrants’ compliance practices, including custody and…