Author: NBTC

Crypto-currency Bitcoin has gone past $66000, this was up by 5.62% in 24 hours and the highest point Bitcoin touched was $66116.66. Today’s bull run is ascribed to institutional accumulation, macro environment fluctuations and positive news sentiment. Experts remain sensitive to the market reaction and levels of support or resistance in order to ascertain the progression of an uptrend. In a significant development for the cryptocurrency market, Bitcoin has broken past the $66,000 mark, sparking widespread excitement among traders and investors.Leading the market, the digital asset has registered a 24-hour change of 5.62 %and is at $66, 055.29. This surge…

The CFTC’s recent enforcement actions have led to a historic $17.1 billion recovery for victims in cryptocurrency cases, setting new records in regulatory history. This monumental figure reflects the agency’s ongoing fight against fraud in the crypto sector, particularly focusing on major players like FTX and Binance. According to CFTC Chairman Rostin Behnam, “This is a testament to our commitment to protecting customers and enforcing market integrity.” The CFTC announces a record $17.1 billion recovery for victims in crypto fraud cases in 2024, showcasing aggressive regulatory enforcement in the sector. FTX and Binance top the CFTC’s recovery relief in 2024…

Solana’s total value locked (TVL) has surged to $6.4 billion, marking its highest level since January 6, 2022, according to data from DeFiLlama. In terms of daily decentralized exchange (DEX) volume, the blockchain has surpassed Ethereum and other major networks. Its DEX volume has exceeded $2 billion over the past 24 hours while Ethereum’s has reached over $1.4 billion. A key contributor to this TVL surge is Raydium, the established DEX in Solana. Data shows that Raydium TVL hit $1.6 billion on October 22, the highest level since December 2021. It is currently the second-largest protocol on the Solana ecosystem.…

The Bitcoin network is seeing a huge development with big amounts of locked $BTC tokens on diverse protocols and blockchains. As per the latest data, the cumulative $BTC amount locked on different entities is increasing, denoting the expansion in the trust in the respective technologies as well as their use cases. 🍊Total #Bitcoin Locked on Blockchains & Protocols Data from @BitcoinLayers ‘s dashboard🔸@Coredao_Org – 6850.85 BTC🔸@BitlayerLabs – 5377.44 BTC🔸@lightning – 5201.90 BTC🔸@Liquid_BTC – 3833.39 BTC🔸@rootstock_io – 2685.32 BTC🔸@build_on_bob – 1128.32 BTC🔸@Stacks -… pic.twitter.com/sVT74IFfM2 — Bitcoin Ecosystem (@BitcoinEcoTK) October 14, 2024 Bitcoin Network Sees a Huge Dominance with a Jump in…

Midas, a top player in the tokenized RWA sector, has announced a strategic collaboration with Oasis Protocol. The partnership aims at launching the cutting-edge $mTBILL coin via the Sapphire Network, the earliest confidential EVM in the market, to enhance DeFi security and accessibility. The platform announced this partnership on its official social media account. We’re excited to announce our partnership with @OasisProtocol to bring mTBILL to the Sapphire Network!As the first confidential EVM, Sapphire enables privacy-preserving smart contracts, making it the perfect home for mTBILL. pic.twitter.com/PZH3OqtwNr — Midas (@MidasRWA) December 4, 2024 Midas Partners with Oasis Protocol to Advance the…

The Philippine central bank has completed trials for a wholesale CBDC proof-of-concept designed to enable round-the-clock fund transfers among financial institutions. The Bangko Sentral ng Pilipinas has concluded testing for Project Agila, a proof-of-concept for a wholesale central bank digital currency aimed at streamlining interbank payments, the central bank revealed in a press release on Thursday, Dec. 5. The initiative allows financial institutions to transfer funds securely even during non-business hours, including evenings, weekends, and holidays, using distributed ledger technology hosted on Oracle Cloud Infrastructure, the press release reads. The pilot tested various aspects of the system, including functionality, performance,…

The broader digital currency ecosystem slipped, with Bitcoin (BTC) leading the losses and altcoins followed suit. However, the price reversals have pushed many digital currencies in search of a price floor that can fuel their imminent rebound. In light of this, data from IntoTheBlock (ITB) shows that Bitcoin, Dogecoin (ADA) and Cardano (ADA) are relying on their whales to fuel the rebound in the near term. BTC, DOGE and ADA whale similarity According to ITB data, the three digital currencies have a similar whale activity trend. Large transactions worth over $100,000 on the Bitcoin network have rallied by more than…

Bitcoin (BTC) broke out above $66,000, raising the expectations for ‘Uptober’, a month to abandon the latest price weakness. Two weeks into the month, however, BTC growth is still lagging from predictions and factors like the M2 money supply. Bitcoin may be preparing for a bigger rally, though there may be barriers to break. The past quarter saw BTC move sideways. At the same time, global M2 supply continued to flow, especially after the US Fed took the path of quantitative easing. In 2024, the M2 money supply started expanding again in April, rising from 103T to more than 107T…

The Sui blockchain hasn’t yet catapulted into the bull-run conversation. But its DeFi ecosystem is trending up and to the right, creating an opening for one of its biggest protocols to capitalize. Suilend, which facilitates crypto borrowing and lending on Sui, raised $2 million in February and just closed on an additional $4 million, its pseudonymous founder Rooter told CoinDesk. The funding trove will allow Suilend to weather potential market shifts, he said. “It’s the time to do it and make sure that we have capital to last for the next four years, if there’s a long bear market,” Rooter…

The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). Crypto-related equities jumped before the U.S. market open after bitcoin (BTC) broke through the $100,000 psychological barrier, adding 4% in 24 hours. Medical device company Semler Scientific (SMLR) led gains, adding more than 7% and approaching $70 a share. The company holds 1,570 BTC, according to bitcointreasuries.net. Self-described bitcoin development company MicroStrategy (MSTR), with 402,100 BTC, is up over 6.5%. It holds the most bitcoin among all publicly listed companies. MARA Holdings (MARA), with the second-largest stash, also rose more than 6%. The bitcoin miner…