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.

The 2 Most Probable Scenarios For BTC in the Short Term

BitcoinDec 9

Bitcoin’s price remains in a state of indecision, confined within a tight consolidation range bounded by the 100-day and 200-day moving averages. An impending breakout from this range will likely determine the asset’s short-term direction. Technical Analysis By Shayan The Daily Chart Bitcoin has been stuck in a multi-month consolidation between the $55K-$71K price range since March 2024, with no clear trend or direction emerging. This prolonged period of sideways movement indicates an overall equilibrium between buyers and sellers, with accumulation occurring at the lower end of the range and distribution at the top. Despite this, a bearish sign has…

Dedollarization Is Not Our Objective: India Clarifies Currency Goals

RegulationDec 9

India rejects de-dollarization narratives, with the Reserve Bank of India (RBI) prioritizing local currency trade agreements to shield its economy from dollar volatility and global uncertainties. RBI Denies Dedollarization Goals, Focuses on Securing Indian Trade Reserve Bank of India (RBI) Governor Shaktikanta Das clarified India’s stance on global currency discussions during a post-monetary policy press conference, stating that dedollarization is not a policy goal for the nation. Das addressed narratives suggesting otherwise, emphasizing that recent initiatives, such as opening vostro accounts for trade in local currencies and forming agreements with a few nations for currency-denominated trade, aim to reduce trade…

Vitalik Buterin Disagrees With Nick White’s Idea on Blockchain Verifiability

BlockchainDec 9

Ethereum co-founder Vitalik Buterin has countered Nick White’s opinion on committees for blockchain verifiability. Buterin considers adopting committees an aberration and a move away from the decentralization principles of blockchain technology. Buterin stated he would stop considering Ethereum for what it is if the blockchain accepted committees and centralized intermediaries as the solution for everything. I don't think this is a fringe take at all. If Ethereum gave up on verifiability and accepted committees and centralized intermediaries for everything, I would consider it no longer Ethereum. In addition to verifiability I would also add highly democratized participation. — vitalik.eth (@VitalikButerin)…

Michael Saylor Bitcoin strategy is a ‘betrayal’ of core crypto principles: Craig Wright

BitcoinDec 9

Craig Wright, the controversial figure who claims to be Bitcoin’s creator, lashed out at Michael Saylor, co-founder of MicroStrategy, accusing him of distorting the true essence of Bitcoin. Wright’s condemnation comes on the heels of Saylor’s announcing that he wants to turn MicroStrategy into a merchant bank for Bitcoin (BTC). In a blistering critique, posted to X on Oct. 12, Wright said Bitcoin “has been distorted, manipulated, and centralized—now incapable of facilitating simple transactions without the intervention of intermediaries.” Wright directed his ire at Saylor specifically for “building a so-called ‘Bitcoin bank’ to serve as the very obstacle that Bitcoin…

Fed decides to go ahead with December rate cut – but it’s not actually good news

RegulationDec 9

The Federal Reserve will almost certainly slash interest rates at its December meeting. Friday’s jobs report sealed the deal, offering the Fed enough breathing room to act without looking reckless. Nonfarm payrolls rose by 227,000 in November, blowing past expectations, while unemployment inched up to 4.2%. Markets barely blinked, with CME Group now pricing in a 90% likelihood of a cut. But here’s the thing: this isn’t the good news it might seem. Critics are already piling on, accusing the Fed of setting the stage for risky speculation. Inflation is still alive and kicking, wages are climbing, and some say…

GRVT Secures Class M License to Revolutionize DeFi Compliance

ExchangesDec 9

Gravity (GRVT), a prominent hybrid cryptocurrency exchange, has officially become the first decentralized exchange (DEX) to be approved by regulators. The platform has received the Class M Digital Asset Business License from the Bermuda Monetary Authority (BMA) under the Bermuda Digital Asset Business Act (DABA). The license enables GRVT to perform its services as a digital asset derivatives exchange provider under altered terms and complying with pre-operational standards. The Class M license establishes GRVT as the pioneer of DeFi regulation, offering an architectural approach to compliance for institutions. The platform intends to transition to a Full Class license, which will…

Blockchain needs a killer use case, and authentication is cold-blooded

BlockchainDec 9

The following article is an op-ed by Tyler Adams, CEO & Co-Founder at COZ. For the last two years, crypto developers and venture capital have been hyper-focused on supporting infrastructure projects to the detriment of consumer-facing applications. If you look around this industry, you will see a plethora of tools for developers to integrate privacy features, decentralize information, and scale platforms, but a lack of applications where these tools can be used. We’re not beating the allegations that blockchain is a solution in search of a problem. It doesn’t have to be this way. Crypto and the underlying blockchain technology…

Bitcoin’s global search interest dips to 31 in October 2024

BitcoinDec 9

Bitcoin (BTC) search interest has dropped to bear market lows. According to data from Google Trends (GT), search interest for “Bitcoin” is down to 31 on October 12th compared to 76 out of 100 during the Bitcoin ETF approval week. This occurs as BTC recovers and manages to stage an impressive rally. It peaked at around $63,400 earlier today. Bitcoin’s search interest declines amid diminished retail enthusiasm Bitcoin search interest peaked at 100 at the beginning of March, and its price reached an all-time high in 2024, as values exceeded over $73,000. That particular price hike was connected to the…

KIMA/USDT Pool Drives Liquidity Growth on PancakeSwap

DeFiDec 9

The KIMA/USDT farming pool has been launched on PancakeSwap under the Arbitrum network, where users can stake their liquidity pairs and earn. The farming initiative on KIMA has achieved a major achievement, as it now features amongst the top 10 liquidity pools on the platform. This also shows how KIMA continues to establish more ground within the decentralized finance (DeFi) industry. 🌟 Exciting News for the Kima Community! 🌟 Our KIMA/USDT Farm is now LIVE on @PancakeSwap, and we’re thrilled to announce that we’ve already hit a major milestone—ranking as one of the Top 10 Liquidity Pools on PancakeSwap @arbitrum!…

Trump, Bitcoin, and the race for tokenized capital markets

RegulationDec 9

The following is a guest article from Jesse Knutson, Head of Operations at Bitfinex Securities. Donald Trump’s re-election victory and the massive success of the Bitcoin ETFs earlier in the year have been major catalysts behind Bitcoin’s ascent towards $100,000. Gains over the last few weeks have been driven by the anticipation of Trump 2.0 making the US the ‘crypto capital of the world’ and a financial services industry getting its first real taste of ‘number go up’. While the full details are yet to emerge, the number of Bitcoiners in Trump’s inner circle – including D.O.G.E. head Elon Musk…