Author: NBTC

Nvidia stocks dropped over 2% in the early hours of today as investors became increasingly concerned about AI spending. Investors argue that the spending that has been instrumental in the company’s growth could diminish or extend to its competitors. The decline follows comments from Microsoft and Google that their AI expenditures will expand at a slower pace in the future. In addition, the latest Blackwell AI servers were rumored to be overheating. This has fueled concerns about additional production delays and led to a further decline in shares. Moreover, China’s competition regulator announced this week that it is looking into…

NEAR Protocol has become the first non-Ethereum Virtual Machine (EVM) blockchain to integrate fully with MetaMask. This lets MetaMask users use the NEAR ecosystem seamlessly. The NEAR Snap, a new feature from HERE Wallet and the Banyan Collective, lets you create NEAR accounts and sign transactions right from MetaMask. This integration makes NEAR Protocol a leader in Web3 interoperability, giving an enhanced Web3 experience and unlocking new venues for developers and users. 🐉❤️🦊NEAR Mainnet has become the first non-EVM chain to be fully compatible with @MetaMask, the leading Ethereum wallet provider.🧵 pic.twitter.com/jF1XTTGYdO — NEAR Protocol (@NEARProtocol) December 13, 2024 MetaMask…

Amid a drive to increase the use of blockchain solutions in the Middle East, ZetaChain the universal Layer-1 blockchain network collaborates with stc Bahrain, a subsidiary of Saudi Telecom Company (stc), the largest telecom operator in the region. This partnership places stc Bahrain as one of the prominent validator in the ZetaChain ecosystem alongside Google Cloud and Coinbase. Today, ZetaChain partners with the @stc_bhr to secure the first Universal Blockchain!With stc Bahrain, we accelerate our mission to build a Universal Blockchain with native access to any blockchain: https://t.co/7Bczd4dIO3 — ZetaChain (@zetablockchain) December 19, 2024 Driving Seamless Web3 Solutions This integration…

The UK government was founded by the blockchain analytics platform that held billions of dollars in Bitcoin in the past few years. Arkham Intelligence, on the on-chain analytics data on Dec. 06, has found the wallet that is connected to the UK government that holds 61.245k Bitcoin (BTC) worth $6 billion. This wallet has also gained profit from the Bitcoin price movement, with more than $28 million in unrealised profit. It is stated by Arkham that the Bitcoin owned by the UK government is a seized asset from Zhimin Qian, a fraudster with a multi-billion pound scam. “The UK government…

Bitcoin in Japan can sometimes be taxed at more than its own value, leaving heirs and sellers of crypto worse off than they started. A new report from Nikkei details how BTC can sometimes be taxed at as much as 110%, as industry leaders and crypto advocates on the archipelago scramble desperately to get the government’s greasy fingers out of Satoshi’s wallet. According to Microstrategy’s Michael Saylor, it’s only “paranoid crypto-anarchists” who are worried about keeping bitcoin and government separate, or being able to use crypto non-custodially and permissionlessly. But for the Japanese, holding bitcoin and other crypto assets has…

As Paul Atkins is set to replace Gary Gensler at the SEC, a new warning from JW Verret suggests that the agency risks severe consequences if it doesn’t drop the Ripple case. When the SEC launched its crusade against cryptocurrency, it didn’t expect to face resistance from the federal judiciary itself. The federal judges are challenging the SEC’s aggressive interpretation of old securities laws, which may eventually lead to the Supreme Court getting involved. As we prepare for Paul Atkins to take over from @GaryGensler, a new piece by @JWVerret warns that if the @SECGov doesn’t drop the @Ripple case…

The cryptocurrency industry continues to experience a significant evolution, fueled by a geographical change in developer activity and the emergence of new blockchain ecosystems. Electric Capital recently released an annual developer report that disclosed crypto developers’ outlook worldwide. The report acknowledged that seasoned developers, those with more than two years of experience, have increased significantly. Currently, they are creating 70% of code contributions across prominent blockchain platforms. However, fresh talents also work in the industry and interact with experienced developers. This highlights that the crypto industry is set for a future where innovation is strongly collaborative and global. As per…

James Howells, whose girlfriend accidentally threw away 8,000 Bitcoin in Newport, would have had $800 million when Bitcoin reached $100,000 today. On Monday, Howells attended a Welsh court to plead his case and search the Newport landfill for the lost Bitcoin. A Lost Bitcoin Fortune Buarried in Welsh Landfill During the Cardiff civil court hearing on December 2, the council sought to have Howells’ case dismissed. The council’s legal team argued that any items disposed of at the landfill become council property. They dismissed Howells’ offer to share the recovered funds, labeling it an attempt to purchase something the council…

The Federal Reserve is scheduled to announce its interest rate decision during its meeting on Wednesday. Economists widely predict that the Fed will cut rates for the third time in a row, bringing the federal funds rate down to a target range of 4.25% to 4.5%. Another 25-basis-point rate cut would result in a total reduction of one full percentage point since September. The federal bank first reduced interest rates by 0.5 percentage points in September and then made another cut of 0.25 percentage points in November. According to the CME FedWatch Tool, there is now a 95.4% chance of…

USDT is being delisted from European exchanges by the end of the year. Hedera plans to launch HUSD, a MiCAR-compliant stablecoin. HUSD aims to meet the EU’s growing demand for regulatory-compliant stablecoins. This would provide a timely alternative as the EU enforces stricter cryptocurrency regulations. Can Hedera’s HUSD Fill the Gap Left by USDT’s EU Exit? As a response to EU tightening cryptocurrency rules, Hedera will launch HUSD, which is an MiCAR-compliant stablecoin. USDT’s delisting by European exchanges puts HUSD in a good position to pick up where USDT leaves off. As it can now provide a compliant stablecoin for…