Author: NBTC

Bitcoin, the leading cryptocurrency by market capitalization, has formed the so-called “gravestone Doji” candle. As the name suggests, such a candle is a bearish indicator that typically marks the end of a bullish trend. Uhhhh g-guys…Are we sure that we wanna close the weekly like this? 😳$BTC pic.twitter.com/EW5djUUPeA — Byzantine General (@ByzGeneral) November 3, 2024 The weekly chart shows a long upper shadow, which signals that the bears continue to hold their ground after the bulls made a failed attempt to push the price of the leading cryptocurrency higher. The small tail indicates that the cryptocurrency’s closing price is on…

Blum, an enthusiastic crypto trading app, has recently obtained a significant investment from the venture builder platform The Open Platform. As per The Open Platform, the investment improves Blum’s status as an emerging player in the DeFi and Web3 sectors. The Open Platform Invests in Blum after It Participates in the ‘Most Valuable Builder’ Project of Binance Labs The investment from TOP takes place just after Blum’s engagement in a viable project of Binance Labs. Blum has started participating in the crypto exchange’s “Most Valuable Builder” incubation program. With this participation, the platform formerly received significant funding. At present, as…

BabyDogeCoin (BabyDoge), a fun meme coin built on the BNB chain, has experienced a staggering 1,330% surge in trading volumes, accompanied by a significant price increase. According to data from CoinMarketCap, the token’s daily trading volume leaped from relatively modest levels to over $105.27 million in the last 24 hours. This surge in volumes has been accompanied by a corresponding jump in BabyDoge’s price, which has risen by nearly 55% in the same period. The spike in volume suggests that market participants are capitalizing on the price rally, with increased buying pressure pushing the token higher. At the time of…

Crypto rewards received before an account freeze are taxable in the year they’re received, even if holders can’t access their funds later, the IRS says. IRS Clarifies Tax Rules for Digital Assets in Locked Accounts The Internal Revenue Service (IRS) issued a memorandum in October, addressing the tax obligations of digital asset rewards in accounts frozen due to bankruptcy. The guidance, sent to Michael R. Fiore of the IRS Small Business/Self-Employed division, examined a hypothetical taxpayer referred to as “Taxpayer A” who held cryptocurrency in a bankrupt platform’s account and received rewards, such as staking bonuses, prior to the account…

Ronin Validators chose Chainlink’s CCIP to enhance the security of assets bridged on the Ronin Network after a competitive vote. Ronin’s community showed strong support, with over 224 million RON tokens staked by 285,083 unique delegators, highlighting its ecosystem’s trust. The Ronin Validator community has taken a huge step forward by deciding to adopt Chainlink’s Cross-Chain Interoperability Protocol (CCIP) as the network’s canonical cross-chain architecture. Underscoring the network’s commitment to raise its general dependability, this choice is meant to increase the security of assets connected to Ronin. Notable partners, including Layer Zero and Axelar, who participated in the distributed selection…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the early days of crypto venture capital, around 2012 to 2017, the landscape was defined by a sense of both wild optimism and uncertainty. VC firms were drawn to the untapped potential of blockchain technology, often investing in networks that promised transformative solutions but lacked substantial frameworks to bring these visions to life. You might also like: Venture capital is flowing to Solana ecosystem | Opinion At this stage, investors frequently prioritized projects based on their…

According to CoinGlass, the volume of derivatives trading on the popular meme-inspired Shiba Inu (SHIB) cryptocurrency has more than doubled in the past 24 hours. In particular, the 1000SHIB perpetual futures contract has seen a 104% increase in turnover, reaching a value of $87.61 million. At the same time, there are other derivative options on the Shiba Inu token, such as SHIB, which saw an increase of 53.24% and reached a value of $37.41 million, or SHIB1000, which saw an increase of 96.44% and achieved a turnover of $20.87 million. Thus, the total trading volume of Shiba Inu token derivatives…

Blockchain-based gaming company Immutable announced in a post on X on Thursday that it had received a Wells Notice from the U.S. Securities and Exchange Commission (SEC). This notice indicates that the SEC has completed an investigation and believes Immutable may have violated securities laws. However, with the potential for a change in SEC leadership following the upcoming presidential election, the fate of this investigation remains uncertain. The SEC’s current chairman, Gary Gensler, could be replaced if a new presidential administration takes office on January 20. That change could significantly impact ongoing investigations, including Immutable’s. “Ongoing investigations at the SEC…

The wife of the defunct Three Arrows Capital (3AC) founder, Zhu Su, has reportedly sold a mansion in Singapore for S$51 million (US$38.5 million). This sale occurred despite a court order to freeze some of the couple’s assets. A property record accessed by Bloomberg showed that Tao Yaqiong, also known as Evelyn, made the deal to sell the property in July and completed the transaction last month. The house is a bungalow on 1,446 square meters of land at Dalvey Road, near the Singapore Botanic Gardens. Records show that Evelyn bought the house in 2020. 3AC was a top crypto…

The internet has a way of making a mockery of almost any event, whether light-hearted or deadly serious. The most recent expression of this ability occurred in the cryptocurrency markets between September 15 and September 16, when an obscure Taylor Swift-themed meme coin, SWIFTIES, plunged 9.25% from $0.02863 to $0.02417. The strange link between SWIFTIE and the Trump assassination attempt Such decline can be attributed to a bizarre sequence of events, which first saw Taylor Swift endorse the Democratic candidate, Vice President Kamala Harris, in the wake of the most recent debate. Then, on the morning of Sunday, September 15,…