Author: NBTC

Morocco aims to regulate the use of crypto assets without hindering innovation in the crypto ecosystem. Legal Framework for Crypto Nears Adoption in Morocco A legislative framework governing crypto assets in Morocco is almost ready for adoption, according to Abdellatif Jouahri, the governor of Morocco’s central bank, Bank Al-Maghrib (BAM). This framework seeks to promote financial innovation while regulating the usage of crypto assets. The central bank governor shared the key update at the BAM council’s final meeting for 2024 with the crypto regulation aligning with G20 recommendations and addressing the risks linked with crypto assets. According to the governor,…

Bitcoin (BTC) continues its historic climb, trading at $103,232 and boasting a market capitalization of $2.039 trillion, a milestone that cements its place as the seventh most valuable asset globally. This surge places its market cap at approximately 11.34% of gold’s $17.972 trillion valuation, highlighting its growing influence in the financial ecosystem. Bitcoin Soars to $103.6K: A New Era in Digital Finance On Dec. 4, 2024, bitcoin (BTC) crossed the $100,000 mark for the first time, an event that has reignited discussions about its long-term potential. With a market cap just below Google’s $2.143 trillion, BTC’s upward trajectory reflects increasing…

Ethereum briefly surpassed $4K but retraced to prior lows. Clearing the $4.1K resistance could open the path to $6K for ETH, according to an analyst. As December reaches midweek, the crypto market has shed 3.06% in market cap over the last 24 hours. Bitcoin price has edged up to $109K in the early hours and dipped steadily to $104K. The largest altcoin, Ethereum (ETH), followed BTC’s footsteps and failed to settle above the $4K zone. The altcoin is correcting its gains and might struggle to stay above the $3,865 support zone. ETH has formed a high of $4,029, while the…

Swiss cryptocurrency custody specialist Taurus is collaborating with Temenos, a firm that provides core banking software to many of the world’s largest financial institutions, allowing those banks to quickly and easily create crypto wallets and transfer a wide range of digital assets. This collaboration is important as the Geneva-headquartered Temenos is quite big: the firm has 67 offices in 40 countries and serves over 3000 banks and financial institutions. Taurus, whose crypto custody clients include the likes of Deutsche Bank and State Street, says it is the first digital asset custody platform to fully integrate with Temenos. The integration means…

Blockchain AI company imgnAI has launched NAIFU, a new meme coin tied to its virtual AI companion, Naifu. Introduced on the Base network, NAIFU is exclusively paired with imgnAI’s native token, IMGNAI, according to a press release shared with crypto.news. Naifu, powered by advanced large language and multimodal models, offers real-time interactions and creative customization. Users can generate custom images, reply to tweets with live data, and explore unfiltered conversations through Naifu’s capabilities. Her functionality includes premium subscription features like unlimited messaging and interactions. You might also like: XRP price slowly forms a bullish pattern: can Ripple hit $5 Interacting…

Pro-XRP lawyer John Deaton commends Cardano founder Charles Hoskinson for making solo efforts to end the longstanding tribalism in the crypto industry. Hoskinson has continued to engage top industry stakeholders as part of his efforts to foster collaboration within the industry. Hoskinson Discusses with Flare Network Team According to an X post yesterday, the Cardano founder revealed he had a great call with the team behind Flare Networks, an EVM-compatible smart contract platform. In addition, he commended the Flare team, describing its members as ‘really smart guys.’ Responding, Flare founder Hugo Philion thanked Hoskinson for spending time engaging with the…

Bitcoin’s (BTC) historic rally above $100,000 hit a roadblock on Dec. 5 as the flagship crypto fell back into five-figure territory, leaving a trail of liquidations across the market. BTC gave up almost all of the 24-hour gains that took it to a new all-time high of $103,679. It fell to a low of roughly $90,300 for the day before attempting a recovery. Bitcoin was trading at $95,500 as of press time amid heavy volatility, based on CryptoSlate data. Liquidations Roughly $885.61 million in leveraged positions were liquidated in the past 24 hours, impacting 202,956 traders worldwide. Bitcoin accounted for…

With Ethereum prices suddenly dropping below $3,900, bearish sentiment targets a breakdown under the $3,700 mark. Unable to maintain levels above $4,000, Ethereum has taken a bearish turn as Bitcoin falls below $104k. Breaking below the $3,900 threshold, Ethereum has formed a second consecutive bearish candle, signaling the potential for a significant correction ahead. As the price approaches the support trendline, bullish dominance at lower levels is at risk. Could this correction lead to a major crash for Ethereum? Ethereum Price Analysis After a double-top reversal at the key $4,000 resistance level, Ethereum’s price has dropped by 4.41% over the…

Plume, a blockchain network focused on real-world assets, raked in $20 million in fresh funds in a Series A fundraising round, the platform told CoinDesk on Wednesday. Investors participating in the round included Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Nomura’s crypto arm Laser Digital, A Capital, 280 Capital, SV Angel, Reciprocal Ventures and others. The fresh investment round followed a $10 million seed fundraising in May led by Haun. With the investment, the team plans to speed up the development of its own layer 1 blockchain. Plume’s mainnet launch is slated for early next year,…

After amassing more than 50 billion social media views and placing toys on shelves in Walmart and Target stores across the country, Ethereum NFT project Pudgy Penguins is launching a token. The news sent the Pudgy Penguins floor price skyward, breaching $100,000 and becoming the second largest profile picture (PFP) project in all of NFTs. “A founder’s job in crypto is to maximize for optimal excitement,” said Pudgy Penguins IP owner Luca Netz in a video interview with crypto personality ThreadGuy. While excitement swirls around the Pudgy Penguin ecosystem, find out everything you need to know about its upcoming token…