Author: NBTC

Bitcoin’s bull pennant signals a potential breakout toward the $70K mark. Open interest in Bitcoin derivatives hits an all-time high, boosting market confidence. Traders employ bold strategies as Bitcoin nears critical resistance levels for a rally. Bitcoin’s price is pushing toward a breakout, showing bullish signals across the board. The massive bull pennant formation continues to unfold in October, with traders preparing for a rally. Open interest in Bitcoin derivatives has hit a record high, and liquidity is flooding into the market. With resistance levels breaking, a major move higher seems possible. The coming days could define Bitcoin’s path as…

Recursive Capital’s Fund I, backed by investors like Jack Dorsey, aims to support African Bitcoin start-up companies, focusing on infrastructure, mining, and cutting-edge technologies. The fund has already invested in several companies and plans to expand Bitcoin innovation across the continent. Recursive Capital, a venture capital firm focusing on investing in Bitcoin companies across Africa, has successfully closed the first round of its Fund I. The fund had strong support from major investors, including Jack Dorsey, Chairman of Block; Peter L. Briger Jr., former Goldman Sachs partner and Chairman of Fortress Investment Group; and Jeff Booth, author of The Price…

Cryptocurrency analytics company Santiment has published a list of altcoins that have seen the highest increase in mentions across social media platforms recently. According to the data, the list of cryptocurrencies with the highest increase in mentions is topped by a familiar name, Ethereum. However, we must point out that the other two altcoins are surprising. According to the list published by Santiment, the cryptocurrencies that have seen a spike in mention rates on social media platforms are listed as follows: Ethereum: According to analysts, the shift towards fees paid by rollups instead of fees paid by users on the…

Glacier Network, the earliest>DePIN and AI, has announced an exclusive partnership with SolidProof. The collaboration between Glacier Network and SolidProof targets to enhance>Web3 sectors. The platform took to social media to provide the details of this endeavor. 🦺 Partnership with @SolidProof_ioWe’re taking proactive steps to ensure Glacier’s system and $GLS are airtight and #SAFU.We want to deserve your confidence when engaging with Glacier’s vision for the future of data ownership, AI, and Web3.https://t.co/FczuHEh0oC — Glacier Network 🧊 $GLS (@Glacier_Labs) December 1, 2024 Glacier Network Joins Forces with SolidProof, Establishing a Trustworthy Ecosystem for Users With this partnership, Glacier Network intends…

Options show a bullish near-term bias for BTC and USD. Rising odds of a potential Trump victory have galvanized demand for BTC upside exposure. Historically, bitcoin (BTC) has largely maintained a negative correlation with the dollar index (DXY). However, this dynamic may break down around the U.S. election time if the prevailing options pricing is any guide. At press time, one-month 25-delta BTC risk reversals, the skew in the premium paid for calls relative to puts was 1.20, indicating a bullish bias for the next four weeks, according to options trading listed at the Chicago Mercantile Exchange, widely considered a…

Blockchain gaming franchise Illuvium revealed a collaboration this week with Casio’s G-Shock watch brand to release a collection of NFT cards. This collection will be used in the Illuvium Beyond card collection game. Illuvium Beyond is not to be confused with the other three illuvium games that launched this year. This is branded as a collectible card game with a leaderboard that tracks the points value of the top 100 players’ collection of cards, and is available to play on the Illuvium site. This G-Shock collaboration comes as part of the third wave of NFT cards released for Illuvium Beyond.…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Investors embraced a bullish optimism on pro-digital asset policies from the incoming Donald Trump administration, with the price of Bitcoin (BTC) soaring since his presidential victory earlier this month, hitting multiple milestones on its way to $100,000. It feels like the days of Tulip Mania for Bitcoin are back as its price surpassed $98,800 to touch a new record on Nov 21 after the US Securities and Exchange Commission announced Chair Gary Gensler will step down effective…

Shiba Inu price could skyrocket to unimaginable levels if a SHIB ETF gains approval and commands 50% of the Bitcoin ETFs flows. Institutional investors entered the crypto scene following the launch of the spot Bitcoin ETF products. After their eventual launch in January, these investment products attracted massive capital, pumping these funds into the Bitcoin market and catalyzing a positive price reaction. The Success of Bitcoin ETFs As a result, Bitcoin rallied to a new all-time high above $73K in March 2024, right before the latest halving event, marking the first time this phenomenon occurred in a halving year. While…

Renta Network, a blockchain-based platform, has partnered with Openfabric AI in a move that will revolutionize the property rental business. Openfabric AI is a decentralized artificial intelligence network. This partnership is a synergy of two social networks that will strengthen the work of creating an effective and modern system that has not previously existed in property rental. 🚀 Partnership with @openfabricai: Enhancing Property Rental with AIAfter exploring Openfabric AI’s decentralized protocol, we’re thrilled about the opportunities it brings to elevate Renta Network’s vision of transforming the property rental experience.At Renta, we’re… pic.twitter.com/a52X1egE9N — Renta Network (@RentaNetwork) December 1, 2024 A…

This is a segment from the Lightspeed newsletter. To read full editions, subscribe. Over the weekend, the anonymous founder of Jupiter used a racial slur multiple times in an X post — and the Solana DeFi giant’s competitors perceived an opportunity. The post came in response to another anonymous account asking whether a memecoin containing the slur could be verified on Jupiter. Meow, Jupiter’s founder, left the post up for roughly a day, arguing that he didn’t have malicious intent when making the post. He also reposted an “n-word pass” and wrote that he “didn’t know that there is such…