Author: NBTC

Bitcoin surged to a high of $66,000 in the past 24 hours, breaking out of weeks of stagnation as the broader crypto market showed signs of recovery. October has historically been a strong month for investors, with gains as high as 60% and an average return of 22%. Despite this, the market has remained stable over the past weeks, leading to a more cautious outlook among investors. Yesterday’s upward movement, however, has rekindled optimism around the “Uptober” narrative as market analysts highlight why the top asset’s run could continue. According to CryptoSlate’s data, Bitcoin’s price has slightly retracted to $65,632…

Ethereum has crossed into the $3.7K zone. The market witnessed a liquidation of $44.53 million in Ethereum. With Bitcoin hovering between $96K and $93K, the crypto market is watching closely for signs of a bullish pattern aiming for $100K after clearing the $99K barrier. Amid the anticipated altcoin season, the largest altcoin, Ethereum (ETH) witnessed a notable recovery. The ETH price is steadily holding at $3.7K, with analysts predicting a December rally to $4,000. Ethereum price opened the trading day on a bullish note. Ethereum has registered a moderate spike of over 3.30% in the past 24 hours. As of…

China’s Supreme People’s Procuratorate has called for increased efforts to combat money laundering crimes involving cryptocurrencies. The announcement was made during a joint work session organized by the Party Faction Theory Study Center and the Prosecutor’s Committee of the Supreme People’s Procuratorate, focusing on the recently revised Anti-Money Laundering Law. Party Group Secretary and Chief Procurator of the Supreme People’s Procuratorate Ying Yong expressed the need for a sound approach to addressing money laundering facilitated by new technologies, products and businesses, including cryptocurrencies. He noted that it is important to implement the updated provisions of the Anti-Money Laundering Law that…

South Korea’s President Yoon declares martial law, citing government paralysis. BTC/KRW trading pair on Upbit exchange experiences a sharp 30% decline. Investors react to escalating political tensions, impacting the crypto market. South Korea’s political crisis sends shockwaves through the cryptocurrency market as the BTC/KRW pair plunges, reflecting investor panic amidst government turmoil. President Yoon Declares Martial Law Amid Political Gridlock South Korean President Yoon has made an unprecedented move by declaring martial law, citing a complete breakdown of government administration due to opposition party actions. This announcement comes at a time of heightened political instability, raising concerns about the nation’s…

According to technical on-chain data, Bitcoin is on track to hit $233K, which could come as early as Q1 2025. The long-awaited “Uptober” bull run is finally here, with BTC trading above $65K in the last two days. In the latest BTC price prediction, X analytics account Bitcoindata21 used the relative strength index (RSI) to estimate six figures for BTC/USD. At present, Bitcoin (BTC) price stands at $65,696, up 1.2% in the last 24 hours. BTC’s value is 5% higher than it was a week ago. Using standard deviation to monthly RSI, Bitcoindata21 estimates that the current bull market’s peak…

Ethereum (ETH) has been on a strong rally, with its price rising from $2,400 to $3,700 in recent weeks. This surge has captured the attention of traders and investors, fueling optimism about ETH’s future. However, according to pseudonymous analyst VentureFounder, Ethereum is primed for an even larger rally, potentially reaching $7,346. Despite the bullish outlook, Ethereum’s foundation remains slightly unstable, with concerns over long-term holder (LTH) behavior and market volatility. While a major breakout is anticipated, caution remains as Ethereum navigates these critical phases. Ethereum Has a Strategic Rise Ahead Analyst venturefounder suggests that Ethereum is currently forming a “cup…

The patent, developed by VeChain’s subsidiary NanoJClean Technology, enhances the security and efficiency of temperature data collection using blockchain technology. Despite the patent approval, VeChain’s token (VET) faces a downtrend, with a 2.85% price drop to $0.02274. VeChain, a leading blockchain platform focused on supply chain management, has secured another major U.S.-approved patent. The patent focuses on temperature data recording in cold chain transportation. Moreover, it was granted on October 15, 2024, under the patent number US 12,118,129 B2. VeChain Secures New Patent Grant In US This marks VeChain’s third patent in the past three months obtained through its offshore…

Brian Armstrong, CEO of Coinbase, has branded America’s current Anti-Money Laundering (AML) regulations an economic disaster. He said these rules bleed $213 billion from the global economy every year while failing miserably to curb criminal activity. Brian cited a report from the United Nations, revealing that just 0.2% of illicit transactions are intercepted. “Sounds like a job for Elon Musk’s Department of Government Efficiency (D.O.G.E),” Brian quipped. He laid bare the root cause of the widespread “debanking” phenomenon: regulators have handed the job of enforcing money-laundering laws to financial institutions. Banks risk nine- or ten-figure fines if they slip up.…

Dtcpay, a Singapore-licensed cryptocurrency payment platform, has announced that it will phase out support for Bitcoin (BTC) and Ethereum (ETH) by the end of 2024 and focus solely on fiat and stablecoin transactions starting in January 2025. This move reflects Dtcpay’s commitment to offering a more secure, predictable, and regulatory-compliant payment solution. Dtcpay to shift to fiat and stablecoin-only payment services According to the Dtcpay announcement, Dtcpay will transition to exclusively support fiat and stablecoins such as Tether’s USDT, USD Coin (USDC), and two newer additions to its platform: First Digital USD (FDUSD) and Worldwide USD (WUSD). The company’s move…

Bitcoin Futures open interest is nearing all-time highs, currently valued at approximately 478k BTC ($31.8 billion). Open interest in cash-margined futures has reached an all-time high of 384k BTC ($25.5 billion), driven primarily by institutional activity on the CME. Crypto-margin as a percentage of total open interest is approaching an all-time low, currently around 18.5%. Cash-margined bitcoin (BTC) futures contracts are more popular than ever. Open interest in cash-margined futures hit an all-time high of 384,000 BTC ($25.5 billion) on Monday, surpassing the November 2022 peak of 376,000 BTC, when bitcoin traded near $16,000, according to data source Glassnode. The…