Author: NBTC

As October nears a close, one reality for crypto enthusiasts is that the anticipated ‘Uptober’ rally might not materialize in 2024. With Bitcoin’s (BTC) performance falling short of expectations, questions are emerging about whether there’s a shift in traditional price rally catalysts—a factor that a crypto expert has weighed in on. In this context, while acknowledging the possibility of a failed ‘Uptober’ rally, Michaël van de Poppe pointed to emerging catalysts that could fuel a stronger bull run than seen in previous cycles, as noted in an X post on October 27. Poppe stated that recent Bitcoin price movements suggest…

Deutsche Bank, one of the largest banking institutions in Europe and the world, has recently linked BRICS to a significant percentage of cross-border transactions. The bank states that the bloc has been driven to cryptocurrency due to geopolitical tensions. Deutsche Bank: BRICS Countries Accounted for 28% of All Cross-Border Crypto Transactions Deutsche Bank, a German financial institution with over $1.45 trillion in assets, has recognized the leading role of cryptocurrencies as an alternative for sanctioned countries and their allies to continue developing trade settlements. In a recently issued article quoted by Vaneck’s Head of Digital Assets Research Matthew Sigel on…

Layer-2 (L2) scaling solutions for blockchain networks have seen a remarkable surge in social media engagement, with top projects such as Polygon (POL), Starknet (STRK), and Arbitrum (ARB) leading the way. According to data shared by Phoenix Group and LunarCrush, these projects have attracted significant social interactions over the past 24 hours, underscoring the growing interest in scalability solutions within the cryptocurrency community. TOP #LAYER2 PROJECTS BY SOCIAL ACTIVITY$POL $STRK $ARB $ZK $OP $IMX $STX $MNT $MANTA $CULT pic.twitter.com/0wCHCZvZpl — PHOENIX – Crypto News & Analytics (@pnxgrp) November 4, 2024 Polygon and Starknet Lead Social Activity Polygon (POL) and Starknet…

Larry Harmon, an Ohio resident, has been sentenced to three years in prison for laundering more than $300 million worth of Bitcoin through his darknet service, Helix, according to Bloomberg. The platform operated a tool designed to obscure the origins of cryptocurrency transactions, enabling users, primarily criminals, to move funds undetected, according to the U.S. Justice Department The service was active from 2014 to 2017, during which Harmon partnered with major darknet marketplaces like AlphaBay to process illegal transactions involving drug sales, stolen data, and counterfeit goods. You might also like: Thumzup approves $1m of Bitcoin as treasury reserve asset…

Chinese electric vehicle manufacturer Kaixin is looking for a strategic shift with plans to acquire a controlling stake in a Middle Eastern cryptocurrency mining operation. The announcement depicts a major jump and diversification from its traditional automotive business. Kaixin in advanced stages of acquisition According to Kaixin’s press release, the Beijing-based company is in advanced stages of evaluating the potential acquisition. The target operation features cost-efficient Bitcoin mining machines and provides comprehensive cloud hosting services to meet growing industry demand. Kaixing stated that the facility’s key advantage lies in its access to stable, long-term energy supplies. The company stated that…

A crypto strategist who accurately called the pre-halving Bitcoin correction this year believes BTC is undergoing a technically sound breakout process. Pseudonymous analyst Rekt Capital tells his 507,000 followers on the social media platform X that Bitcoin is in the process of flipping a key resistance level into support. “The old downtrend is now acting as support. Looks like textbook post-breakout confirmation.” Source: Rekt Capital/X The analyst says Bitcoin needs to close the current week above two crucial levels to cement the breakout. “A bullish weekly close would be above ~$66,300 (black channel top). A very bullish weekly close would…

Crypto asset managers Arca and BlockTower have agreed to merge through an all-equity deal, amid a surge in crypto markets driven by Donald Trump’s primary election win. The firms signed a Letter of Intent to unite their operations under a single brand, aiming to strengthen their institutional investment offerings in digital assets. “We expect to see ongoing consolidation, the emergence of new investment vehicles, and unique investment opportunities that differ from anything currently available in finance,” said Jeff Dorman, Co-Founder and Chief Investment Officer at Arca. Both companies are registered investment advisers under SEC regulation. The merger combines Arca’s Los…

The world has significantly improved since crypto became mainstream. Through crypto, NFT projects, blockchain technology, and the Web3 universe, crypto enthusiasts will encounter many new experiences that will change how we view and use the online space. And if you are passionate about NFTs but don’t always feel that buying them is profitable, we’ve prepared some of the best NFT giveaways and airdrops that might catch your attention this month. Choose your favorite NFT giveaway or airdrop and discover what this industry offer! Table of contents Top 10 Free NFT Giveaways and Airdrops Ethereum NFT Drops Solana NFT Drops Polygon…

Manhattan prosecutors are easing up on crypto crime enforcement. After nailing big wins, like the conviction of FTX’s Sam Bankman-Fried, the U.S. Attorney’s Office in Manhattan is shifting its priorities. Scott Hartman, co-chief of the Southern District of New York’s securities and commodities task force, confirmed the decision during a legal conference. Hartman said crypto cases aren’t going away entirely, but fewer prosecutors are assigned to them now compared to the chaos of 2022’s “crypto winter,” when digital asset prices tanked. Back then, fraud cases were everywhere. “You won’t see as much crypto stuff coming out of the SDNY in…

The Russian Energy Ministry has officially proposed limiting crypto mining activities in certain special regions affected by energy shortages. The authorities have the right to impose such a ban following the enactment of the recent national cryptocurrency law this month. Russian Energy Ministry Proposal Would Limit Crypto Mining Activities in Special Regions While authorities have declared the crypto mining industry relevant for Russia, their actions show that developing other essential activities has priority over these. According to TASS, the official Russian news agency, the Russian Energy Ministry has introduced a proposal that would affect the feasibility of these operations in…