Author: NBTC

The US government is seeking control of a crypto account linked to Sam Bankman-Fried, which was allegedly used to bribe Chinese officials before FTX’s collapse in 2022. According to a court filing today in New York, the account is currently valued at $18.5 million. The account’s valuation has increased by nearly $10 million since December 2023 due to the ongoing bull market this year. Prosecutors are Ramping Up Efforts to Seize Sam Bankman-Friend’s Frozen Assets The account reportedly contains Solana, Cardano, Ripple, Internet Computer, and Avalanche. Solana’s value surged nearly 300% in the past year, contributing significantly to the account’s…

Will Bitcoin revisit its record high before Election Day? Key Takeaways Bitcoin’s recent price surge to $71,000 is closely linked to substantial inflows into Bitcoin ETFs. Despite market fluctuations, Bitcoin maintains a strong recovery momentum. Bitcoin has rallied over 5% to $71,500 and is now within striking distance of its all-time high of $73,700. The surge comes as the US presidential election is just days away. According to data from CoinGecko, the largest crypto asset by market cap broke the $70,000 price level on Monday after a minor correction last week, mostly driven by the escalating conflict in the Middle…

World Liberty Financial (WLFI), a project inspired by Donald Trump’s vision of financial independence, has announced its adoption of Chainlink’s infrastructure. The partnership with Chainlink aims to establish WLFI as a reliable, secure DeFi platform focused on promoting USD-backed stablecoins and safeguarding the dollar’s role as the global reserve currency. However, amid these ambitious goals, the project faces significant skepticism from crypto investors and a challenging launch marked by technical setbacks. Chainlink Adoption for Enhanced Security and Interoperability According to a press release shared with BeInCrypto, World Liberty Financial’s decision to leverage Chainlink technology centers on its use of Chainlink’s…

The cryptocurrency market has seen a strong uptrend following President Trump’s election, with Ethereum experiencing a significant surge as buyers take control. However, the market now appears ready for a correction phase to allow consolidation before further gains. Technical Analysis By Shayan The Daily Chart The influx of new participants and investors on the daily chart has led to an impulsive uptrend, driving Ethereum’s price above the 100-day and 200-day moving averages. This momentum led to a decisive break above both the 200-day MA at $2.9K and the psychological $3K resistance level, a clear indicator of a bullish shift as…

Media personality Ben Armstrong, known as BitBoy, has recently shared his views on how the XRP price could react if Donald Trump fires the SEC Chairman Gary Gensler. During his presidential campaign, the pro-crypto Trump stated that he would oust the infamous SEC chairman from his position on the first day of his presidency. Following the U.S. elections on Tuesday, Trump secured the presidential seat. Interestingly, the crypto market is already feeling the significance of Trump’s victory. Bitcoin has surged, surpassing previous resistance levels and hitting new all-time highs. The leading cryptocurrency cracked the $75K mark early Wednesday morning and…

Preliminary results of the U.S. Congressional elections show that more than 250 candidates who support the digital asset sector have made it into the new legislature. As FOX Business reports, the elections were held simultaneously with the presidential election, won by Donald Trump. Journalists note that representatives of the digital asset industry donated more than $200 million to pro-cryptocurrency candidates, which is a record amount. Some crypto supporters could bypass experienced legislators who have been in Congress for many years. For example, in Ohio, Republican Bernie Moreno defeated Democrat Sherrod Brown, who had been in Congress for 18 years. In…

The price of the most popular Bitcoin briefly exceeded $71,500, which was only $2,000 away from it’s all-time high of 73,737 on March 14, 2024. However, the current price stands at $71,045 after a jump of 4.91% in the past day. Courtesy: Coinmarketcap Memecoins have seen the largest gains in the past 24 hours following the suit of Bitcoin, with DOGE, SPX, BRETT, POPCAT, and FLOKI all increasing by more than 10%. DOGE is trading at $0.1661 after a jump of 14.62%. POPCAT is currently exchanging hands at $1.69 after a jump of 16.39% in the past day. Overall, the…

Orbiter Finance is the number one cross-chain bridging company, with 55,705 transactions in 24 hours. This has put the DeFi protocol in a better place than its competitors, thus making it a leading cross-chain bridge in the blockchain industry. Orbiter Finance(@Orbiter_Finance) has completed 55,705 transactions today, ranking 1st among cross-chain bridges.The 24-hour volume for @Orbiter_Finance has exceeded $106M, ranking 1st among cross-chain bridges. pic.twitter.com/2lZb7qaZS8 — Lookonchain (@lookonchain) November 13, 2024 The Orbiter Finance has been averaging a 24-hour volume of over $106 million, making it a significant player in the DeFi market through its rapid efficiency, appeal, and engaging adoption…

The Ethereum Foundation sold $340,000 worth of 100 ETH again on November 12 – a controversial activity among Ethereum investors. However, a smart money trader has absorbed 100 times more of this sell pressure in a $34 million purchase. In particular, the smart money trader bought 10,364 ETH through multiple operations against Tether’s USDT, as reported by Lookonchain. These purchases happened as Ethereum (ETH) aggressively retraced by over 3% this morning, together with all other cryptocurrencies. Notably, Lookonchain has been monitoring this profitable whale through six different wallet addresses, trading 15 times since August 12. The smart money profited in…

Hong Kong crypto exchange HashKey announced its native token HSK will be available for deposits on Nov. 7, while HSK/USDT spot trading opens on Nov. 26. According to the HashKey’s announcement, the digital asset exchange’s token will be listed on the HashKey Global Innovation Zone. The HSK token will be used for all HashKey businesses, including the coverage of global licensed exchanges, investment, asset management, tokenization, infrastructure services and more. Not only that, HSK will also be used as the platform’s official native token and gas token for the HashKey Chain, which is the crypto exchange’s layer 2 public chain.…