Author: NBTC

Next week, the cryptocurrency landscape is set to undergo significant scrutiny as market participants await critical economic announcements. Central to this anticipation is the upcoming release of the U.S. Consumer Price Index (CPI), a key indicator that will influence the Federal Reserve’s monetary policy decisions. Additionally, investors will be paying close attention to Fed Chairman Jerome Powell’s speech, which follows the recent Federal Open Market Committee (FOMC) decision regarding interest rate cuts. Contents hide 1 What Role Does Inflation Play in Market Trends? 2 How Will Fed Officials’ Comments Affect Markets? What Role Does Inflation Play in Market Trends? The…

Sen. Elizabeth Warren is poised to become a ranking member of the Senate Banking Committee next year. With Sen. Sherrod Brown exiting and Sen. Mark Warner opting to remain on the Senate Intelligence Committee, Warren’s leadership on banking looks inevitable. The irony here is that the crypto industry spent more than $40 million to oppose Brown, only to see him replaced by her. Warren is well known for her critical stance on the industry. She won her reelection to a fourth term in the US Senate by defeating pro-crypto candidate, John Deaton. Warren to take charge of Senate Banking According…

Decentralized protocol Prosper secures investment from BIT Mining as it expands its solution to include institutional-grade Bitcoin mining and liquidity farming. Prosper, a decentralized protocol bridging Bitcoin (BTC) mining to the blockchain by providing hashrate-backed tokens representing live Bitcoin mining power, has announced that BIT Mining has made a strategic investment in its native token, PROS. In a blog announcement on Nov. 14, Prosper said the investment represents “another significant validation” of its thesis by institutional backers. “This investment reinforces the credibility and viability of Prosper’s new strategic vision,” the investment vehicle stated. You might also like: Deutsche Telekom arm…

In a significant advancement, Taiko ($TAIKO) has introduced SP1, the fastest zero-knowledge virtual machine (zkVM). For now, SP1 will only be available to developers in early stages. With this cutting-edge advancement, Taiko is proving and establishing itself as one of the most innovative Layer 2 scaling solutions on the Ethereum network. Further, it pushes the boundaries of speed, efficiency, and security. Taiko shared this groundbreaking news through its social media account, X. 1/ @taikoxyz is now proving its mainnet blocks with SP1—the fastest, most feature-complete zkVM for developers.Taiko is one of the first L2s with a multi-proof architecture, leveraging 2…

Following the recent recovery that saw Bitcoin surpass $71,000 this morning, market veteran Peter Brandt has called attention to three bullish BTC targets. For context, Bitcoin has compounded its growth, having reached a 4-month high of $71,500 earlier this morning. The breach of the $71,000 mark comes on the back of three consecutive intraday gains since October 26. BTC is looking to secure a fourth one today. The premier crypto asset’s rally has triggered a renewal of optimism within the market, especially considering the approaching U.S. presidential election and a surge in market confidence demonstrated by whale addresses. Notably, amid…

Leon Waidmann, a senior researcher at OnchainHQ, believes Ethereum is on the verge of a rally. The analysts cite strong fundamentals, such as Ethereum’s current deflationary mechanism to support the imminent ETH upsurge. As the broader crypto ecosystem continues to rise amid the reigning bullish investor sentiment, Ethereum has caught the eye of Leon Waidmann, a senior researcher at OnchainHQ. According to Waidmann, Ethereum is about to begin a rally as the bull market continues to gain momentum. Waidman believes ETH is back to deflationary territory and suggests that more Ether supply has been burned than the supply issue. The…

The CEO of Apple, Tim Cook, told DealBook’s Sorkin that he had been holding Bitcoin for about three years. The CEO, however, explained that his interest and research in Bitcoin was personal and that Apple had no plans to join the crypto bandwagon in the near future. The Apple executive said it was ‘reasonable’ to own Bitcoin as part of a diversified portfolio. However, he clarified that he was not giving investment advice, only sharing personal sentiments. According to Binance, Bitcoin almost touched the 82K mark after recording a high of $81,846.71. Tim Cook thinks Bitcoin is ‘interesting,’ but Apple…

Shytoshi Kusama, the pseudonymous Shiba Inu (SHIB) developer, appears determined to grow the ecosystem. Six days after his initial request, Kusama has once again reached out to Vitalik Buterin, cofounder of Ethereum. The SHIB developer is seeking an audience with Buterin. Kusama’s persistence to secure discussion with Buterin In a recent post on X, Kusama replied to Buterin’s message directing the Ethereum ecosystem to a “thread” written out of his plans for the future. The SHIB developer saw it as an avenue to remind Buterin of his earlier request for a meeting. “Wen (When) 10 minutes discussion?” Kusama asked. For…

Cardano, known for its innovation, has announced a new project to create a Whitepaper Template for the European Union’s Markets in Crypto Assets (MiCA) regulation. According to a blog post, the Cardano Foundation aims to help projects in its ecosystem follow the new MiCA rules. They are working with legal firms LAWSIDE and STADLER VOELKEL to achieve this. The aim is to create a useful resource that makes it easier for projects to meet MiCA’s disclosure requirements. – Advertisement – Understanding MiCA and the Need for Crypto Projects to Align The MiCA regulation, introduced by the European Union in 2023,…

In a pioneering venture to reshape blockchain wallets and crypto infrastructure, HERE Wallet and HAPI have officially launched HOT Labs. Building on over a year of collaboration, the two companies are merging their expertise to create innovative wallet solutions within Telegram, while constructing a powerful crypto infrastructure.— With HERE’s focus on wallet development and HAPI’s work in ecosystem expansion and security, the partnership has resulted in HOT Wallet—a cutting-edge crypto wallet with over 30 million users.A New Vision for Crypto UsabilityHOT Labs represents a fusion of HERE’s user-centric wallet technology and HAPI’s secure, decentralized services. Together, they aim to make…