Author: NBTC

Fairshake and its affiliated Super PACs, Protect Progress and Defend American Jobs, were very active contributors to this election cycle, spending successfully across a variety of different races. Protos used Federal Election Commission data compiled by OpenSecrets to help determine which states were the largest recipients of funds from these crypto industry-affiliated entities. This approximately $133 million in spending was dominated by Ohio, where over $40 million was spent by Defend American Jobs to support the campaign of Republican Bernie Moreno, who has clinched the state’s Senate race. Read more: Crypto promises that Donald Trump must now live up to…

Cryptocurrency analytics firm CryptoQuant recently shared its observations of Bitcoin’s market dynamics, explaining key signals that point to a potential price increase. According to the firm, Bitcoin miners are holding their assets strategically, indicating confidence in an impending price increase. “We have consistently emphasized the importance of miners’ actions within the Bitcoin network, as these key participants play a key role in every cycle and often drive increased price volatility,” CryptoQuant’s analysis said. Miners are important participants in the Bitcoin ecosystem, often adjusting their sales patterns to market conditions, affecting supply and influencing price trends. CryptoQuant’s report noted that during…

The SEC has escalated its crackdown on crypto market manipulation, filing charges against multiple market makers and individuals for allegedly using deceptive tactics—such as wash trading and volume inflation—to mislead investors about the demand for various crypto assets marketed as securities. The following opinion editorial was written by Alex Forehand and Michael Handelsman for Kelman.Law. SEC Charges a So-Called Market Maker and Two Employees in a Crackdown on Manipulation of Crypto Assets Offered and Sold as Securities In a sting operation emblematic of a John Grisham novel, the SEC charged ZM Quant Investment Ltd.—a British Virgin Islands entity—with manipulating markets…

Bitcoin nears $70,000 as miners’ accumulation suggests market confidence. Key Takeaways Bitcoin miners are accumulating BTC, indicating optimism for a price rally. The MPI remains low, suggesting miners are holding their positions for potential gains. Bitcoin miners hold as the Miner Position Index (MPI) indicator points to a potential price rally. The MPI, which tracks miners’ Bitcoin movements to exchanges, is signaling strong accumulation, according to a CryptoQuant-verified author. Bitcoin Miners’s Position Index Chart (CryptoQuant) This pattern has been a consistent marker of price rallies in previous cycles, and the current MPI reading shows miners accumulating rather than liquidating. When…

Italy’s government has taken steps to reduce the proposed increase in the cryptocurrency capital gains tax from an initial 42% to 28%. The League, one of Prime Minister Giorgia Meloni’s ruling coalition partners, has proposed the amendment in this regard. This comes after concerns that the higher tax could discourage investment in Italy’s fast-growing digital asset market. The amendment supported by Prime Minister Meloni’s administration is expected to attract both the crypto investors and businesses within Italy and is the League’s amendment. Italy Poised to Water Down Proposed 42% Tax on Crypto Trading”We believe that such a tax isn’t right,”…

Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at an estimated $68.8 million. From July 1 to September 30, the firm also reported a BTC yield of 41.7%, which accelerated to 155.8% between October 1 and October 28. According to data from Arkham Intelligence, Metaplanet’s Bitcoin investment is showing impressive returns, boasting an unrealized…

Solv is at the forefront of establishing a Bitcoin reserve through its innovative SolvBTC platform, which seeks to tap into the vast potential of more than one trillion dollars in Bitcoin assets. By utilizing a liquidity consensus infrastructure, Solv aims to redefine how Bitcoin assets are managed and utilized. Contents hide 1 How Does the Solv Protocol Function? 2 What Benefits Does SolvBTC.BBN Offer? How Does the Solv Protocol Function? The Solv Protocol introduces a cutting-edge Bitcoin staking platform that employs a Staking Abstraction Layer (SAL). This framework allows Bitcoin holders to take advantage of yield-generating opportunities without compromising liquidity.…

Ethereum breaks out from a long-term triangle, eyeing a 55.56% rise to $5,220 in the coming months. Strong bullish momentum continues, with resistance ahead at $3,300, targeting $5,220 as the next milestone. Support zones at $2,780-$2,900 could prevent significant pullbacks, ensuring continued upward momentum for Ethereum. Ethereum (ETH) broke out of a descending triangle formation and is still on the rise. With its current price of $3,299.22, Ethereum has increased 3.64%, indicating a consistent increase in recent sessions. The breakout from the long-formed triangle pattern suggests a potential rally ahead. As the price moves beyond the $3,000 level, the next…

A Shiba Inu community figure recently discussed how SHIB could potentially hit a target price of $0.01, but the proposal seems out of reach. Notably, the concept hinges on Shiba Inu’s integration as a gas token on Ethereum in a dual-token model. This idea has triggered discussions within the community, with some proponents expressing optimism and others questioning its feasibility. Shiba Inu as Ethereum Gas Token In a post on X, community member “Lola” suggested that if SHIB serves as a gas token on Ethereum, it could trigger substantial price increases. Lola argued that using SHIB as a gas token,…

Federal Reserve Governor Christopher Waller recently expressed skepticism about the need for a central bank digital currency (CBDC) in the US payment system Waller made the comments during a speech at The Clearing House Annual Conference 2024 on Nov. 12, where he questioned whether the system has a problem that CBDCs could solve. He stated: “In a speech I gave in August 2021, I asked, what problem would a CBDC solve? In other words, what market failure or inefficiency demands this specific intervention? In more than three years, I have yet to hear a satisfactory answer as applied to CBDC.”…