Author: NBTC

Host of the podcast ‘Decent’, Matthew Blumberg, has filed a motion to dismiss a defamation lawsuit brought against him by Prometheum, Inc. and its affiliates. The controversy began when Blumberg made public comments about Prometheum’s operations in the crypto market, particularly regarding its SPBD license issued by the SEC, allegedly calling the firm “scammers.” Gensler’s pet crypto firm Prometheum sued crypto guy @matt_blumberg—who has <1000 followers—for calling them “scammers” Per anti-SLAPP motion, Prometheum directed legal threats at the guy’s mom & demanded he praise their “innovative” biz model: pic.twitter.com/4EGVrYECQu — Jeff Roberts (@jeffjohnroberts) December 16, 2024 Matthew Blumberg vs Prometheum…

NiceHash, a leading cryptocurrency mining platform, has announced it is moving its headquarters from the British Virgin Islands to Zug, Switzerland, based on information received by Finbold on Wednesday, December 18. The strategic relocation will align NiceHash’s operations with Switzerland’s solid regulatory framework and facilitate compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA) and the Travel Rule. According to the platform, the transition should conclude by mid-December and further reinforce NiceHash’s pro-compliance stance. MiCA, fully applicable from December 30, 2024, is to impose comprehensive regulations on crypto assets and service providers. On the other hand, the Travel Rule…

The U.S. unemployment rate rose marginally from 4.1% to 4.2% this month, sparking immediate reactions across financial markets. While the 0.1% increase may seem negligible, market participants closely watch employment data as a key indicator of economic health. The latest report has stirred mixed responses, with some viewing it as inconsequential and others analyzing its broader implications on market sentiment. The unemployment rate has gone up from 4.1% to 4.2%.As a first response, yields drop, and #Bitcoin & Gold bounce upwards.A bit of a nothing burger, as 0.1% difference doesn’t say anything, but it’s good to see the strength on…

Ankr, a leader in Bitcoin-secured infrastructure, has solidified its role within the Stacks ecosystem as a Signer, enhancing security as sBTC launches. With Ankr’s integration, Stacks aims to elevate Bitcoin’s programmability in the DeFi space, ensuring robust performance and trust-minimized interactions. Chandler Song, CEO of Ankr, stated, “We’re thrilled to support Stacks and sBTC to build Bitcoin’s future,” emphasizing their commitment to innovative Bitcoin protocols. Ankr joins the Stacks ecosystem as a Signer, enhancing Bitcoin’s security and programmability through the launch of sBTC, revolutionizing DeFi landscapes. Ankr’s Role as a Signer in the Stacks Ecosystem Ankr’s participation in the Stacks…

Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves for potential upside. Historically, whale accumulation has often preceded…

Ripple appoints Raghuram Rajan and Kenneth Montgomery to guide RLUSD on compliance, trust, and stablecoin growth. RLUSD’s advisory board gains experts like Rajan and Montgomery, strengthening Ripple’s focus on reliability and regulation. Ripple’s RLUSD stablecoin aims to reshape payments with a trusted, scalable solution backed by top financial leaders. Raghuram Rajan, former Governor of the Reserve Bank of India, has joined Ripple’s RLUSD advisory board. Kenneth Montgomery, former First Vice President of the Federal Reserve Bank of Boston, has also been appointed. Breaking : Former Reserve Bank of India Governor Raghuram Rajan joins Ripple Advisory Board. — Crypto India (@CryptooIndia)…

It’s no surprise that DeFi and crypto mining have become increasingly popular in recent years. As the world shifts towards more digital and decentralized forms of currency, the demand for cryptocurrencies continues to rise. However, trading and investing in crypto can be intimidating for some people, leaving them searching for alternative ways to get involved. PowerAlto offers a unique solution – cloud mining through their mobile app.—Company Vision & MissionPowerAlto is carving a niche in the cloud crypto mining space by offering a partnership model that stands out from the competition. With a cutting-edge mining algorithm delivering higher profits than…

The Bitcoin price seems to be facing somewhat of a price failure since it crossed above the $100,000 price level. In the few hours after crossing above this psychological threshold, the Bitcoin price faced rejection and corrected until it reached $94,000. However, this correction does not necessarily signal a bleak outlook for the world’s largest cryptocurrency, especially as investor sentiment continues to hover in the extreme greed zone. According to technical analysis, the Bitcoin price is still open to climbing well above $100,000 by the end of December 2024. Record Bitcoin Liquidations Shake The Market Bitcoin’s broader market dynamics and…

InceptionLRT has joined forces with Amphor Protocol to revolutionize decentralized finance (DeFi). Together, they have launched the first modular aggregation layer for restaking. This strategic merger is unveiled today which leverages a robust multi-curation framework. The framework balances diversity, risk management, and economic security. It promises optimal restaking exposure for users. InceptionLRT is a modular aggregation layer for DeFi restaking. The other ally, Amphor Protocol, is a technical platform that enables multi-chain restaking. InceptionLRT Leads with Modular Aggregation for Restaking InceptionLRT will integrate Amphor’s technical expertise and specific ERC standards. By this integration, InceptionLRT aims to develop its groundbreaking Modular…

Ethereum ETFs’ sustained inflows indicate high bullish sentiment among institutional investors. Ethereum staking outflows suggest increased profit-taking among investors. ETH could rally to test its all-time high resistance of $4,868 after reaching a nine-month high. Ethereum (ETH) is up 2% on Monday, surging above a key symmetry triangle following sustained institutional interest via ETH exchange-traded funds (ETFs) investors. However, rising withdrawals across staking protocols could halt the bullish momentum. Ethereum bullish momentum fueled by ETF inflows amid rising staking outflows US spot Ethereum ETFs posted record net inflows of $818.8 million last week after extending its inflow streak to 15…