Author: NBTC

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.

Ethereum’s Ether Headed to $5K as Activity, Institutional Demand Grows

EthereumDec 12

Investor demand, onchain metrics and network activity are setting up ether (ETH) to reach a $5,000 level for the first time, CryptoQuant analysts said in a report. Ether spot ETFs posted a 13-day inflow streak on Wednesday to reach nearly $2 billion in cumulative net inflows. The funds attracted their first billion from July to early December, but SoSoValue data shows that they needed only five trading days to capture the next billion. Total daily transactions hovered around the 6.5 million to 7.5 million level in the past few months, compared to about 5 million through 2023, indicative of higher…

Polkadot Joins Forces with Banxa and Polimec, Bridging Web2 and Web3

AltcoinsDec 12

Polkadot, a prominent entity in the blockchain space, is getting significant attention with its exclusive endeavor. As per Polkadot, the platform has collaborated with Banxa and Polimec to revolutionize the participation of the users in Web3 initiatives by permitting them to utilize credit cards to carry out seamless investments. The platform took to its official X account to provide the details of this collaboration. Web2 convenience meets Web3 innovation. Polimec and @BanxaOfficial now allow users to participate in projects using credit cards, improving accessibility to the Polkadot ecosystem. https://t.co/tWTlzrnQTQ — Polkadot (@Polkadot) October 17, 2024 Polkadot Collaborates with Banxa and…

South Korea delays crypto tax until 2027 due to investor backlash

LegalDec 12

South Korea has postponed the 20% crypto tax until 2027 and removed the Financial Investment Income Tax to increase market activity. South Korea adjusted its financial regulations by postponing the implementation of a cryptocurrency tax until 2027. This follows global trends, with countries like the Czech Republic, Russia, and Italy adjusting their crypto tax rules to attract investors. Korea delays crypto tax yet again Originally scheduled to take effect in 2022, the 20% tax on virtual asset income exceeding 2.5 million won ($1,750) annually has faced multiple delays. The latest extension approved by South Korea’s National Assembly shifts the implementation…

INK Network Partners with ZNS Connect to Simplify Web3 Interaction

BlockchainDec 12

INK Network has partnered with ZNS Connect, ushering in a new era for Web3. This collaboration focuses on simplifying user interaction with decentralized technologies. With the help of ZNS Connect, INK is planning to close the gap between people and their Web3 avatars to make the Web3 space more user-friendly. This update was released on the official X account for ZNS Connect. https://t.co/VefgTdzgpi — ZNS CONNECT (@ZNSConnect) December 11, 2024 INK Network Boosts User Confidence with Secure DeFi Foundation ZNS Connect is a decentralized domain name service. Its purpose is to convert complicated blockchain addresses into mnemonic domain names. This…

Vancouver City Council discussing proposal exploring Bitcoin as a reserve asset today

BitcoinDec 12

The Vancouver City Council will meet today to discuss numerous items, including a proposal from Mayor Ken Sim to explore Bitcoin as a reserve asset for the city, according to the council’s agenda. The motion, titled “Preserving the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming a Bitcoin Friendly City,” proposes holding a portion of the city’s financial reserves in Bitcoin and exploring options for accepting the digital asset for municipal taxes and fees. Mayor Ken Sim’s motion Mayor Sim expects that adopting Bitcoin as part of the city’s financial strategy will help combat inflation and protect its…

ETH Seems Primed to Take Down $4K After Recent Rebound: Ethereum Price Analysis

EthereumDec 12

Ethereum has been oscillating within the critical $3.5K–$4K range, with its price recently finding support near the lower boundary at $3.5K. Following this rebound, the bulls are attempting a renewed push toward the $4K resistance level. Technical Analysis By Shayan The Daily Chart The upward momentum in Ethereum’s price met a pause at the $4K resistance, which has proven to be a key selling zone. This rejection led to a decline toward the lower boundary of the range at $3.5K. However, renewed buying activity at this support has triggered another strong push upward, targeting the $4K threshold. The $4K resistance…

What It Means for Bitcoin

RegulationDec 12

For the first time since 2010, China has announced a shift toward a “moderately loose” monetary policy, aiming to revive its sluggish economy. The move, declared by the Communist Party’s Politburo, signals a departure from its traditionally tight fiscal stance. This development could have broader implications for global financial markets — and notably, for Bitcoin. What Is China’s “Moderately Loose” Policy? China’s “moderately loose” policy aims to increase liquidity in its financial system, boost consumer demand, and support the struggling property sector. The policy shift follows signs of economic distress, including slowing GDP growth, deflationary risks, and a real estate…

Gala Games Introduces Tokenized Founder’s Nodes on GalaChain for Transfers

AltcoinsDec 12

Gala Games now allows Founder’s Node licenses to be tokenized and transferred between users on GalaChain. Users can redeem, transfer, and reactivate tokenized Founder’s Nodes on GalaChain with associated fees payable in GALA. Founder’s Nodes can now be tokenized on GalaChain, which lets users move them between accounts, according to Gala Games. For Gala Games, this update represents a significant change since before Founder’s Node licenses could not be transferred and were connected directly to the user’s account. The Gala Games ecosystem has always depended critically on Founder’s Nodes. They let users run nodes and get paid in GALA for…

Compete for World Cup Slots

GameFiDec 12

Axie Guild Wars features top guilds competing for glory and two World Cup slots starting December 15. Axie Adoption Center simplifies onboarding with delegated Axies, missions, and permanent adoption, enhancing player engagement. The Axie Classic Guild Wars Tournament is set to reignite the competitive spirit of the Axie Infinity community, pitting elite guilds from Axie Classic Competitive Seasons 4 to 6 in an epic war for power. Scheduled to start on December 15 at 6 AM EST, the event promises an amazing exhibition of strategy and ability. Participants not only fight for glory but also fight for a piece of…

Ponder.One and Ispolink Join Forces to Revolutionize Web3 Job Hunting and Recruitment

BlockchainDec 12

Ponder.One, is an AI system designed to help users understand the memecoins, NFT, and blockchain industries, and it has recently unveiled its collaboration with Ispolink, an artificial intelligence Web3 development platform. Combined, they seek to revolutionize the job search and hiring in Web3 by making it fun and introducing new industry standards for incentives for both applicants and employers. New Partnership Announcement! 🚨#PonderOne x #Ispolink 🤝 We’ve partnered with @Ispolink to transform jobseeking and hiring in Web3! Jobseekers can gamify their search by playing games, solving coding challenges, earning $ISP tokens, and climbing the leaderboard while… pic.twitter.com/dl2EBuaOFY — Ponder.One (@Ponder_One)…