Author: NBTC

All eyes were on the US jobless claims on Thursday to see if there are any signs of weakness starting to creep into the job market. While this lagging indicator is not the best at timing, it often gives some perspective and has the potential to move the crypto markets, with a special focus on Bitcoin (BTC). Bitcoin Price Shows Strength On Weak US Jobs Data Bitcoin is up by a modest 2%, holding well above the $67,500 threshold in the immediate aftermath of the US initial jobless claims. BeInCrypto data shows BTC is trading for $67,688 as of this…

November has arrived, and Ripple has shocked the market, preparing what could be its largest monthly dump in seven years. The company, XRP Ledger (XRP)’s core developer and largest holder, reserved 470 million XRP to sell, worth $240 million. Every month since 2017, Ripple unlocks 1 billion XRP and reserves part of it – usually 200 million XRP – to sell. In November, Ripple unlocked the 1 billion but for the first time in years, reserved above two times the usual amount. This month’s escrows finished within Ripple (24) and Ripple (25) accounts, unlocking 500 million XRP each, as usual.…

Ripple’s price has been bearish over the last few weeks as it failed to continue its upward momentum. However, the momentum during the past few days has been quite tumultuous, resulting in a choppy price action that puts the trend into question. Bitcoin Price Analysis: Technicals Technical Analysis By Edris Derakhshi (TradingRage) The Daily Chart The daily chart shows that the price has been making higher highs and lows since rebounding from the $52K support level in September. The 200-day moving average, located around the $64K level, has also been broken to the upside. Yet, the market has not been…

Ever thought a banana could sell for millions? That’s exactly what happened when Maurizio Cattelan’s Comedian, a duct taped banana to a wall, fetched $6.2 million at auction. At the same time, René Magritte’s surreal masterpiece, The Empire of Light, broke records with a $121.2 million sale. These two pieces couldn’t be more different, yet both grabbed the world’s attention. How a Banana Made History Cattelan’s Comedian is probably one of the most talked-about pieces of modern art. First shown in 2019, it’s literally a duct taped banana to the wall. The simplicity—or absurdity—of the idea sparked debates about what…

Shibarium’s impressive transaction count blowout since the last week of October has sparked excitement in the Shiba Inu ecosystem. However, the daily transaction volumes have since dropped considerably compared to the stunning 4.77 million recorded on that occasion. Are Shibarium transactions falling? According to Shibariumscan data, the transactions for Oct. 31 stood at 4.21 million, while they registered 3.89 million on Oct. 30. The appreciable leap in the two consecutive days follows lower daily transaction figures recorded before it. On Oct. 28 and 29, total transaction figures were 879,780 and 1,680,000, respectively. A critical analysis of the transaction figures indicates…

A federal court judge ruled Monday that Lido DAO, the governing body behind the popular liquid staking protocol, can be treated as a general partnership under state law. The court rejected Lido’s claim that it is not a legal entity, classifying it as a general partnership and setting a precedent for how profit-oriented DAOs should be treated. It also ruled that identifiable participants managed the DAO’s operations and therefore could not evade liability through its decentralized structure, according to court documents filed in the U.S. Northern District Court in California. Paradigm Operations, Andreessen Horowitz, and Dragonfly Digital Management were held…

I recently stumbled upon a fantastic report from 1A1z on “Funding Bitcoin.” I was surprised to learn that Jack Dorsey funds over 60% of Bitcoin Core’s development via different organizations: over $5 million annually, out of a total of only $8.4 million in funding. Wild, right? For a $1.2 trillion asset, I expected way more diverse support. Now, you might be worried that that concentration risks him having too much sway. If he turned against Core’s principles, his funding leverage could be a real concern. But does Dorsey’s power really extend to controlling Bitcoin itself? Nope, no way. Bitcoin’s decentralisation…

VeChain leads RWA tokenization, setting standards with partnerships like Walmart China and BMW. Chainlink and State Street join the RWA market, inspired by VeChain’s proven blockchain success. The RWA sector is projected to hit $600B by 2030, with VeChain maintaining leadership in blockchain innovation. VeChain leads the RWA tokenization space with innovative blockchain solutions. It has demonstrated real-world applications through partnerships with Walmart China and BMW. VeChain’s collaboration with Walmart China enhances supply chain transparency, ensuring food safety and quality. 🔸VeChain saw the future of Real-World Assets (#RWA) before the world knew it needed one. This isn’t just foresight—it’s execution…

Damian Williams, the prosecutor behind the FTX’s Sam Bankman-Fried trial, is potentially planning to leave the US District Court for the Southern District of New York before Trump takes office in January. Reports from earlier in the week suggested that Trump is planning to replace Williams with Jay Clayton, the former SEC chair. High-Profile Crypto Trials Under Damian Williams Williams was appointed in 2021 under President Joe Biden. Since then, he has led some of the most high-profile crypto fraud prosecutions in recent years. His office played a critical role in holding crypto executives accountable following the sector’s turmoil in…

Gemini started operating in France, allowing users to deposit, trade and store digital assets. The move comes weeks before EU’s MiCA regulations allow registered companies to expand across the trading bloc. Gemini crypto exchange opened up to users in France just weeks before the European Union’s Markets in Crypto Assets (MiCA) regulations kick in, paving the way for an expansion across the 27-nation trading bloc. Users, including institutions, in the EU’s second-largest economy are now able to open a Gemini account to deposit, trade and store digital assets, the New York-based company founded by Cameron and Tyler Winklevoss said Tuesday.…