Author: NBTC

Michaël van de Poppe, a renowned market commentator and macroeconomist, has shared a bold, optimistic outlook for Bitcoin. His latest commentary suggested that the leading cryptocurrency could test its all-time high (ATH) within the next two to four weeks. His prediction follows a minor market correction that he believes has concluded, potentially paving the way for a price rally. Notably, Bitcoin hovered around the $65K level on Wednesday after an unsuccessful attempt to reach the $70K region at the start of the week. The pullback resulted in approximately a 6% correction in Bitcoin’s price. Bitcoin to Test $73K “In Two…

Ripple CEO Brad Garlinghouse comments on the growing institutional interest in XRP following 21Shares’ filing to launch a spot-based XRP ETF. 21Shares Files to Launch XRP ETF Yesterday, leading asset manager 21Shares became the latest company to submit an S-1 registration to the U.S. SEC for an XRP exchange-traded fund (ETF). The move comes weeks after companies like Canary Capital and Bitwise submitted a similar application. According to the latest filing, the proposed fund, dubbed 21Shares Core XRP Trust, seeks to give investors indirect exposure to the seventh-biggest cryptocurrency by market cap. Typically, the fund will track XRP’s spot price…

In South Korea, a significant development is brewing as the opposition Democratic Party of Korea (DPK) proposes raising the crypto tax exemption to 50 million won (approximately $35,900). The move can help bring additional capital in the local digital asset market as sound regulations gradually take shape in the country. According to a report from local media outlet Seoul Shinmun, the National Assembly’s Strategy and Finance Committee will discuss the DPK’s proposal on November 26th to reach a decision. This follows the DPK’s recent disapproval of the government’s decision to delay the planned crypto taxation framework until 2027. Read also:…

Revolut celebrates a new milestone: reaching 50 million customers globally. In Italy alone, the fintech app has about 2 million users. Revolut’s goal now is to succeed in creating a global bank. Revolut celebrates the new milestone of 50 million customers globally Revolut app and its presence in the crypto world The plan to launch its own stablecoin? Revolut celebrates the new milestone of 50 million customers globally Today, the super fintech app of Revolut is celebrating its new milestone: 50 million customers globally. https://twitter.com/RevolutApp/status/1858782337166676239 “50 million customers in 38 markets in 9 years. It is a milestone worth celebrating.…

The Pennsylvania House of Representatives passed a bill providing regulatory clarity for digital assets, protecting residents’ rights to self-custody, enabling Bitcoin payments, and setting guidelines for taxing Bitcoin transactions. House Bill 2481, referred to as the Bitcoin Rights Bill, passed with overwhelming bipartisan support, garnering a 176-26 vote and unanimous backing from all 100 Republican members. This legislative push comes amid mounting federal uncertainty about crypto regulation, with agencies like the SEC and the CFTC debating jurisdiction. In Pennsylvania, however, lawmakers are taking matters into their own hands, crafting laws with the help of advocacy groups such as the Satoshi…

Robinhood is expected to benefit the most from crypto deregulation in the U.S., the report said. Bernstein raised its price target for the trading platform to $51 from $30. The company’s acquisition of crypto exchange Bitstamp is expected to boost the value-added crypto services it can offer, the broker said. Robinhood (HOOD) is set to be the biggest beneficiary of regulatory tailwinds from a potentially pro-crypto U.S. Securities and Exchange Commission (SEC) under a Donald Trump administration, broker Bernstein said in a research report Wednesday. The broker raised its price target for the popular trading platform to $51 from $30…

Coinbase will discontinue support for wrapped Bitcoin (WBTC) on December 19, 2024, across its platforms, including Coinbase.com, Coinbase Exchange, and Coinbase Prime, the exchange shared in a statement. The specific reasons for the delisting were not disclosed. However, Coinbase said its decision was based on its “most recent review,” suggesting that WBTC might no longer meet its listing standards. We regularly monitor the assets on our exchange to ensure they meet our listing standards. Based on our most recent review, Coinbase will suspend trading for wBTC (wBTC) on December 19, 2024, on or around 12pm ET. — Coinbase Assets 🛡️…

Spot bitcoin exchange-traded funds will soon hold over one million BTC. The funds recorded one of their biggest week of inflows last week, taking in over $2.1 billion in just five days. BlackRock’s iShares Bitcoin Trust (IBIT) could soon cross the 400,000 bitcoin mark. The holdings of the U.S. spot bitcoin exchange-traded funds are about to cross over one million tokens after only ten months of trading. Fueled most recently by major inflows into the funds as bitcoin (BTC) rallies into the election, the ETFs, which only opened for business on Jan. 11 of this year, currently hold roughly 967,459…

Aptos blockchain platform has made advancements by adding Tether ($USDT), the first Move-powered blockchain supporting $USDT. This integration has led to a substantial increase in the market capitalization of Tether ($USDT) on the Aptos network to nearly $275 million. USDT arrived on Aptos this week, and has been embraced across the entire DeFi ecosystem 🌐A look at the network by the numbers 🔢✔️ 33M transactions processed✔️ ~4M active users—pushing monthly actives past 8MHere’s your roundup of DeFi news & happenings this week ICYMI 🧵 — Aptos (@Aptos) November 2, 2024 Aptos recorded over 33 million transactions, almost 4 million active…

Japan Prime Minister Shigeru Ishiba promises to include discussions of tax cut proposals from the opposition party in his economic stimulus package, involving tax cuts for gasoline and crypto assets. According to a Bloomberg report published on Nov. 20, Ishiba received the green light for his economic stimulus package after vowing to include annual tax reform proposals from the opposition party, the Democratic Party for the People. The main parties also agreed to raise the budget to fund the stimulus package by the end of December. The economic stimulus package is scheduled to come out this week. Makoto Hamaguchi, a…