Author: NBTC

Preliminary results of the U.S. Congressional elections show that more than 250 candidates who support the digital asset sector have made it into the new legislature. As FOX Business reports, the elections were held simultaneously with the presidential election, won by Donald Trump. Journalists note that representatives of the digital asset industry donated more than $200 million to pro-cryptocurrency candidates, which is a record amount. Some crypto supporters could bypass experienced legislators who have been in Congress for many years. For example, in Ohio, Republican Bernie Moreno defeated Democrat Sherrod Brown, who had been in Congress for 18 years. In…

The price of the most popular Bitcoin briefly exceeded $71,500, which was only $2,000 away from it’s all-time high of 73,737 on March 14, 2024. However, the current price stands at $71,045 after a jump of 4.91% in the past day. Courtesy: Coinmarketcap Memecoins have seen the largest gains in the past 24 hours following the suit of Bitcoin, with DOGE, SPX, BRETT, POPCAT, and FLOKI all increasing by more than 10%. DOGE is trading at $0.1661 after a jump of 14.62%. POPCAT is currently exchanging hands at $1.69 after a jump of 16.39% in the past day. Overall, the…

Orbiter Finance is the number one cross-chain bridging company, with 55,705 transactions in 24 hours. This has put the DeFi protocol in a better place than its competitors, thus making it a leading cross-chain bridge in the blockchain industry. Orbiter Finance(@Orbiter_Finance) has completed 55,705 transactions today, ranking 1st among cross-chain bridges.The 24-hour volume for @Orbiter_Finance has exceeded $106M, ranking 1st among cross-chain bridges. pic.twitter.com/2lZb7qaZS8 — Lookonchain (@lookonchain) November 13, 2024 The Orbiter Finance has been averaging a 24-hour volume of over $106 million, making it a significant player in the DeFi market through its rapid efficiency, appeal, and engaging adoption…

The Ethereum Foundation sold $340,000 worth of 100 ETH again on November 12 – a controversial activity among Ethereum investors. However, a smart money trader has absorbed 100 times more of this sell pressure in a $34 million purchase. In particular, the smart money trader bought 10,364 ETH through multiple operations against Tether’s USDT, as reported by Lookonchain. These purchases happened as Ethereum (ETH) aggressively retraced by over 3% this morning, together with all other cryptocurrencies. Notably, Lookonchain has been monitoring this profitable whale through six different wallet addresses, trading 15 times since August 12. The smart money profited in…

Hong Kong crypto exchange HashKey announced its native token HSK will be available for deposits on Nov. 7, while HSK/USDT spot trading opens on Nov. 26. According to the HashKey’s announcement, the digital asset exchange’s token will be listed on the HashKey Global Innovation Zone. The HSK token will be used for all HashKey businesses, including the coverage of global licensed exchanges, investment, asset management, tokenization, infrastructure services and more. Not only that, HSK will also be used as the platform’s official native token and gas token for the HashKey Chain, which is the crypto exchange’s layer 2 public chain.…

Ark Invest founder Cathie Wood has recently shared forecasts on the US economy and crypto market, anticipating gains with Donald Trump’s return to the White House. She has highlighted potential shifts in regulatory leadership, such as in the US SEC and FTC, that could help innovation and economic growth. She also expects these developments to impact the digital assets sector as Wood’s projections go beyond crypto, with promising forecasts for equities and transformative technology sectors like robotics and AI as John Deaton criticizes SEC Chair and Senator over crypto regulation. Cathie Wood Sees Potential SEC Restructuring Boosting U.S. Innovation According…

DeFi Technologies could mirror Solana’s breakout, offering potential gains for investors as it nears major resistance levels. DeFi’s 2,300% surge since October 2023 suggests it might need more consolidation before a major price moves upward. Once DeFi completes its consolidation, it could outperform Solana with potential returns of 2-3x, reaching around $12. Noah a crypto analyst, recently highlighted DeFi Technologies ($DEFI) as a stock worth monitoring in bullish crypto. Like Solana ($SOL), he thinks DeFi Technologies is well-positioned to capitalize on the increasing interest in cryptocurrency. For institutional and ordinary investors looking to gain exposure to the cryptocurrency market without…

Ethereum (ETH) funding rate has hit the highest level since March following a price increase above $3,400 earlier today. However, while ETH’s price has since dropped, the bullish sentiment around the altcoins has remained elevated. This renewed optimism also indicates that traders believed that a new all-time high could be underway. But historically, this kind of hike in the funding rate spells trouble. Ethereum Overheated as $200 Million Coins Enter Exchanges Like other cryptos in the market, ETH’s price has recently registered a double-digit increase. Today, the altcoin rose as high as $3,445 before it dropped to $3,256. Following the…

According to community figure Luke Thomas, the XRP community could see several impactful developments for both Ripple and XRP in the coming months. He has laid out his predictions for the next three to nine months, projecting major events that may solidify Ripple’s position in the finance scene and bolster XRP growth. His commentary comes on the back of Donald Trump’s recent win in the U.S. presidential election. RLUSD, XRP ETF, Ripple v. SEC Settlement Thomas anticipates the first event will be a set of new stablecoin regulations that could enable Ripple to launch its upcoming stablecoin, RLUSD. Notably, Ripple…

The Central Bank of Brazil is preparing to open the cryptocurrency market to traditional finance institutions, which will be able to operate in this industry with clarity after the enactment of the upcoming regulation. Small crypto startups might face challenges in regularizing their situation due to the high bar this framework will impose. Central Bank of Brazil Drafts Regulation Helping Traditional Finance Enter Crypto Brazilian authorities are preparing to lay the groundwork to allow traditional finance (tradfi) institutions, such as banks, brokerages, and investment platforms, to enter the cryptocurrency market. The Central Bank of Brazil is set to approve stringent…