Author: NBTC

Last week, weak non-farm payrolls data from the US caused a decline in Bitcoin and altcoins, with the BTC price falling to $52,500. The subsequent recovery took the price above $57,000, and the analyst explained the price level that must be exceeded for the rise to be sustainable. Speaking to The Block, BRN analyst Valentin Fournier noted that if Bitcoin breaks above the $59,750 resistance level, a sustained uptrend could begin. But Fournier said the rise was due to two important factors. According to the analyst, the first of these is Donald Trump’s performance in today’s debate with Kamala Harris…

Hamster Cash, a hard fork of Hamster Kombat, was allegedly launched by a Hamster Kombat co-founder amid complaints of unfair airdrop allocations. The alleged co-founder, who remains unidentified, reportedly started Hamster Cash to offer a better reward system than Hamster Kombat. However, the new game apparently allows existing users to transfer in-game progress, hinting at a core link between both projects. At press time, crypto.news had not verified whether this anonymous founder was indeed involved with the viral hamster-themed Telegram mini-game. Hamster Kombat was developed by a pseudonymous team, making it difficult to confirm individuals’ identities. Hamster Cash was quietly…

Following recent secrecy around its finances, Blockchain.com faces prosecution for not filing current accounts. The last time it filed was for 2020—but it was sent only just this month. The case was heard on September 25 in Cardiff Magistrates Court. Accounts, though related to a business’s tax return, are different from taxes and primarily include financial statements to show the company is in good standing. According to court documents, the company is due to stand at a further hearing on Nov. 25. A conviction for failure to file accounts can result in an unlimited fine. In the UK, “unlimited fines”…

Cryptocurrency exchange Hata.io has raised $4.2 million in seed funding to expand its crypto offerings and user base across the Asia Pacific region. Malaysian crypto exchange Hata has secured $4.2 million in a seed funding round led by Castle Island Ventures and Cadenza Ventures. In a press release on Tuesday, Oct. 22, the exchange said the capital injection will help the company expand its product offerings and onboard new users in the Asia Pacific region, particularly targeting the retail and institutional users “who prefer to trade in fiat currencies such as the MYR and USD.” “We believe that Hata’s innovative…

Out of the ashes emerged a snarling rodent dubbed Max Punk. Open conflict, Whales besting Bored-Apes, the social layer manifest. Bitcoin leaders sent to prison, then freed by massive strike waves. HODL’ers fighting in the streets, power cuts, three-day work weeks, Maxi’s battling for Hashrates, governments brought down, Central Banks crying. The Banksters powerless. The Orange-Pilled class – loud, stacked and toxic. L’ Provocateur don’t stand downwind from sh%#tcoins. Max Punk smells of victory not of FOMO. An Orange sky at night traverses’ seas of fiat to El Salvador dreams, not NFT nightmares. Un Bukele ami très explosif. Promoting Bitcoin…

Stablecoin legislation has been on the cusp of enactment for what seems like ages. The latest effort is Ranking Member of the House Financial Services Committee Maxine Waters’ (D-CA) renewed desire to reach a “grand bargain” with Committee Chair Patrick McHenry (R-NC) to get a bill over the finish line before year end. It’s an open question whether the Senate would take up the issue, but Sen. Bill Hagerty (R-TN) recently floated a bill that could serve as the Senate companion to a House effort, or at least provide a starting point for new discussions. The exact contours of a…

Crypto in South Korea continues to draw attention due to the high delisting rates and the financial risks posed to investors. Over the past seven years, 34.9% of cryptocurrencies listed on South Korean exchanges were delisted, with half surviving less than two years. While initial listings on these exchanges often led to short-term price boosts due to increased investor attention and demand, the long-term prospects are far less certain. South Korean Investors Suffer Crypto Delistings This trend is troubling for investors who may rush to buy new coins following a listing, expecting sustained growth. A typical pattern emerges where the…

Bitcoin’s (BTC) price rebounded on Monday, racing to $57,050 for the first time in five days. This comes after an underwhelming start to a historically bearish September, as it initially dropped to $53,930. As of this writing, the coin trades at $57,226. While the market might hope for a sustained bounce, on-chain analysis suggests that BTC might be set for one last dip before a rally that could last the whole of this year’s last quarter. FUD-Driven Shorting Lifts Bitcoin Earlier today, the on-chain analytic platform explained that the recent upswing occurred as a result of heaving Fear, Uncertainty, and…

In an unprecedented move, X Empire has announced that over 12.5 million users are set to receive tokens in its highly anticipated airdrop. This massive distribution of tokens among players is a groundbreaking opportunity for the community, and users are encouraged to connect their wallets immediately as per Telegram. Airdrop details The airdrop will reward users who have leveled up a character and have invited friends to join X Empire with a certain amount of coins. To claim these tokens, users must connect their crypto wallet to X Empire. To facilitate the connection process, X Empire has released a step-by-step…

Hong Kong is sharpening its focus on virtual asset trading and digital financial systems, local media reported on Oct. 23, citing Financial Secretary for Services and the Treasury Christopher Hui. Speaking at the Asia-Pacific Fintech Innovation Lab 2024, Hui emphasized that these areas are central to positioning Hong Kong as a global leader in virtual asset development. As part of a broader push for digital finance, Hui emphasized the potential of central bank digital currencies (CBDCs) and virtual asset trading to reshape Hong Kong’s financial landscape. He said the government is accelerating efforts to integrate these technologies, providing secure and…