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Author: NBTC

NBTC is the editorial account for NBTC News, covering Bitcoin, Ethereum, DeFi, blockchain infrastructure, exchanges, mining, regulation and digital asset markets. The editorial team focuses on clear sourcing, timely updates and practical context for crypto readers.

Legal

What Paul Atkins as SEC Chair and David Sacks as Crypto Czar mean for the future of crypto

By NBTC

With President-elect Donald Trump naming Paul Atkins as SEC Chair and venture capitalist David Sacks as the first-ever White House Crypto Czar, the crypto industry is poised for a seismic shift. These appointments mark a significant departure from the SEC’s enforcement-heavy stance under Gary Gensler and signal the Trump administration’s intent to create a more industry-friendly regulatory environment. Paul Atkins, a former SEC commissioner, is known for his pro-innovation stance and preference for self-regulation over heavy-handed enforcement. His appointment has been met with optimism in the crypto sector, which frequently clashed with Gensler’s SEC. Under Atkins’ leadership, a lighter regulatory…

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Exchanges

Binance Supports aelf (ELF) Network Upgrade: Here Are the Details

By NBTC

Binance has announced its support for the upcoming major network upgrade on aelf (ELF) to ensure a seamless experience for its users. The upgrade is scheduled to take place on December 25, 2024, at approximately 10:00 (UTC), at block height 248,832,789. Binance will handle all technical requirements on behalf of its users to ensure the upgrade is completed successfully. Temporary Suspension of Deposits and Withdrawals Starting from December 25, 2024, at 09:00 (UTC), deposits and withdrawals on the aelf (ELF) network will be temporarily suspended. This precaution is taken to ensure the safety of user funds and to facilitate the…

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Blockchain

FoxWallet Collaborates with Autonomy Network, Pioneering AI-Driven Web3 Solutions

By NBTC

In a thrilling development for AI and blockchain enthusiasts, FoxWallet has started a strategic collaboration with Autonomy Network. The strategic partnership targets to redefine the development and utilization of dApps, simplifying the inclusion of AI-driven tools into the Web3 network. The platform revealed this initiative on social media. 🥳@FoxWallet is partnering with @AutonomysNet, the foundation layer for AI3.0! 🤩Our upcoming integration will simplify access to AI-powered decentralized applications (super dApps) for both developers and users. 🤝Together, we aim to empower web3 users with innovative tools… pic.twitter.com/LJ2LNoQr7p — FoxWallet Official (@FoxWallet) December 10, 2024 FoxWallet and Autonomy Transform dApp Development with…

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Bitcoin

Why Bitcoin (BTC) Long-Term Holders May Keep It Below $100,000

By NBTC

Bitcoin’s price has trended within a narrow range since it hit a new all-time high of $103,647 on December 5. It has since faced resistance at $101,509 and found support at $94,306. Currently trading around $98,000, the leading coin may struggle to break the $100,000 price mark in the meantime. This analysis delves into the reasons behind this resistance. Bitcoin Long-Term Holders Book Gains The negative readings from BTC’s Hodler Net Position Change confirm that its long-term holders (LTHs) have been actively selling their holdings, potentially contributing to the price consolidation. Per Glassnode data, on November 10, the metric’s value…

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Legal

SBF Working on Million-Dollar Memoir, FTX Victims to Get Royalty

By NBTC

Sam Bankman-Fried (SBF), the former billionaire and cofounder of the collapsed FTX crypto exchange, is reportedly drafting a prison memoir while serving a 25-year sentence at Brooklyn’s Metropolitan Detention Center (MDC). Bankman-Fried, who was convicted of fraud, has shared excerpts of his writings through his father, Joe Bankman, aiming to find a publisher for the project. What will Happen to Royalties From FTX Founder’s Memoir? Despite the memoir’s potential to secure a lucrative advance—estimated by a literary agent at seven figures—Bankman-Fried will not profit. As part of his sentencing, he faces an $11 billion forfeiture, which will prioritize compensating the…

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GameFi

BLOCKLORDS Announces Partnership with DeepLink to Enhance Gaming Experience

By NBTC

BLOCKLORDS, a highly anticipated medieval strategy game, has formally announced a partnership with DeepLink, a decentralized AI cloud gaming protocol. This statement was made through BLOCKLORDS official X account. A new era of gaming begins! ⚔️🎮 BLOCKLORDS is excited to connect with @DeepLinkGlobal to explore how their decentralized AI cloud gaming tech complements our medieval strategy adventure! 🚀 Get ready for a seamless gaming experience powered by blockchain innovation. 🛡️ Stay… pic.twitter.com/0vreo64Rvl — BLOCKLORDS | ON EPIC GAMES STORE (@BLOCKLORDS) December 12, 2024 BLOCKLORDS Partners with DeepLink to Shorten Load Times and Improve Gameplay The use of DeepLink’s decentralized AI…

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Exchanges

Binance CEO says users deposited over $21b to the exchange in 2024

By NBTC

Binance CEO Richard Teng announced that the crypto exchange saw a total of $21.6 billion in user fund deposits throughout 2024 alone, following a surge in Bitcoin and Tether deposit value across all exchanges. In a recent X post on Dec. 12, CEO of Binance Richard Teng said that the crypto exchange recorded user fund deposits amounting to $21.6 billion in value across 2024, which is nearly 40% higher than the combined inflows of 10 other major exchanges. “In 2024, Binance recorded an incredible $21.6 billion in user fund deposits!” said Teng in his post, . He also added that…

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Bitcoin

Whales buy Bitcoin and XRP dip as bull cycle shows resilience

By NBTC

Technical analyst Ali Martinez has said that the drop in crypto prices has allowed whales to accumulate more assets. In a post on X, Martinez reported that 342 new wallets holding more than 100 BTC were created as Bitcoin dipped from $104,000 to around $90,000. According to Martinez, whales are buying every dip as a sign of their strong bullishness about Bitcoin. He added that the price correction is merely a test of investors’ resilience, and those who took advantage are best positioned to ride the next wave. He said: “This correction is a test of resilience, and if you…

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Altcoins

Russia’s Central Bank Report Spotlights Ripple Potential Despite SEC Appeal

By NBTC

Russia’s Central Bank has recognized Ripple’s potential for cross-border payments amidst ongoing uncertainty about the SEC’s appeal in its case against Ripple. In a report titled “Digitalization of Payments and Implementation of Innovations in the Payment Market (2024),” the Central Bank of Russia acknowledged Ripple as an emerging player in global finance. Alpha Lions Academy CEO Edo Farina highlighted the central bank’s update and emphasized XRP’s role in Ripple’s operations. According to Farina, the report positions XRP at the core of Ripple’s activities. BREAKING: 🚨 The Central Bank of Russia 🇷🇺 has published a paper titled "Digitalization of Payments and…

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Legal

Ripple CEO Claps Back at Former SEC Official

By NBTC

Ripple CEO Brad Garlinghouse has addressed recent comments made by former SEC official John Reed Stark during a recent "60 Minutes" episode, arguing that his points were "provably false." Stark, who made an appearance on the program together with Garlinghouse, was highly critical of cryptocurrencies, stating that they are "a scourge" for society while also claiming that crypto tokens are securities. His harsh words attracted some backlash within the XRP community, with Garlinghouse himself taking aim at Stark by calling him a "shill" for SEC Chair Gary Gensler. In response, Garlinghouse clarified that he has never actually spoken with Gensler.…

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