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.

Top Analyst Unveils Level Where Bitcoin Finally Escapes ‘Endless Chop’ – Here’s His Forecast

BitcoinDec 8

A top crypto strategist known for making timely Bitcoin calls is outlining a price level where he thinks BTC’s eight-month consolidation could come to a close. Pseudonymous analyst DonAlt tells his 589,100 followers on the social media platform X that he believes Bitcoin will gather more bullish momentum if it clears a crucial resistance area. The trader also notes that it would be healthy for BTC to retest its immediate support before moving higher. “>$65,000 and I’d wager we’ve finally escaped the endless chop <$58,000 and sadness awaits >$61,700 is a good first step towards $65,000 being broken I’m hopeful…

Will Bitcoin Bulls Take Charge as BTC Targets New Resistance?

BitcoinDec 8

Bitcoin price spiked by 2.47% in the last 24 hours, trading at $64.3K. BTC transaction fees have surged by over 32%. The cryptocurrency market is attempting to recover from the downside trajectory. Overall market cap has reached $2.24 trillion within the past 24 hours. The recent price momentum of Bitcoin (BTC) suggests the brief possibility of further gains. After dipping below the major support levels, BTC has moderately rebounded in the past few days. Notably, over the past 24 hours, the asset has gained 2.47%. The asset plunged to $62,035 and eventually reached a peak of $64,464. During this timeframe,…

10,408% Profit Wakes up Ancient Bitcoin Whale

BitcoinDec 8

The past few months have seen an unusual number of ancient Bitcoin (BTC) whales come back to life after years of dormancy. The new week in the crypto market has started with yet another one emerging from the crypt. Thanks to a report from Whale Alert, dormant address "1PNRpMZ" containing 18 BTC has been activated after almost 11 years. The early Bitcoin investor, who was last active in November 2013, has transferred part of their coins to two other new addresses "3EgCi" and "15UaJb." These may be test transactions, and the choice of address type is interesting, as usually such…

Guild of Guardians, Moonwell, Ronin, and Yield Guild on the Horizon

AltcoinsDec 8

The future of the crypto market may be dictated by considerable token unlocks planned to start on October 21, 2024. These events will unlock many tokens through prominent projects, including the Guild of Guardians, Moonwell, Ronin, and Yield Guild. Token unlocking can have a potential market effect on liquidity and cause price fluctuations. MAJOR UPCOMING TOKEN UNLOCKS #GuildofGuardians $GOG #UNKJD $MBS #SpaceID $ID #zkLink $ZKL #Moonwell $WELL #Blocklords $LRDS #Radworks $RAD #YieldGuild $YGG #Ronin $RON pic.twitter.com/LVQycf0Ovd — PHOENIX – Crypto News & Analytics (@pnxgrp) October 21, 2024 Understanding Token Unlocks and Market Dynamics Token unlocking is when tokens previously locked…

Trump Considers Pro-Crypto Perianne Boring, Caroline Pham as Possible CFTC Chairs

LegalDec 8

Two crypto-friendly women are being considered to lead the Commodity Futures Trading Commission (CFTC), according to a report from Fox Business. President-elect Donald Trump, according to Fox, is considering appointing either Perianne Boring or Caroline Pham – who both have pro-crypto credentials – to lead the Commodity Futures Trading Commission (CFTC), which under a Trump administration, could be the go-to digital assets regulator. Recently, Boring has been a staunch defender of the bitcoin mining industry against what she calls "regulatory overreach." In a recent CoinDesk op-ed she took aim at the Department of Energy's data collection process, which she accuses…

PoP Planet Joins Forces with Industry Giants to Shape Web3 Evolution

BlockchainDec 8

PoP Planet has announced a game-changing partnership with DO Network, GPTVerse, FMCPAY, and Nexi Chain. This advancement marks a major milestone in the Web3 ecosystem. This collaboration is set to supercharge PoPP Dapp 3.0. It provides a robust, high-performance platform designed to accelerate decentralized applications (dApps). 🚀 Partnership Announcement 🚀 We’re thrilled to announce our collaboration with @Donetwork_club, @gpt_verse, @FMCPay, and @nexichain! 🌊 PoPP Dapp 3.0 is Now Live! 👉https://t.co/WwYXl7Ww0L ⭐ @Donetwork_club is a decentralized network with ultra-high performance. ➡️ Learn… pic.twitter.com/ouYOmpuA8t — PoP Planet (@Hi_PoPPOfficial) December 4, 2024 With these integrations, PoP Planet is poised to offer users an…

There is Critical Data Concern in Bitcoin – Here are the Details

BitcoinDec 8

Cryptocurrency analytics firm Alphractal has published a new report outlining concerns about the current state of Bitcoin’s open interest, suggesting that it could pose a risk to the market. According to Alphractal, open interest in Bitcoin’s futures market has grown impressively since 2020, exceeding $42 billion. This growth reflects the increasing interest in leveraged trading among investors, especially on major exchanges. The Chicago Mercantile Exchange (CME) currently holds 26.3% of all positions, while Binance accounts for 20.2% of the market. Alphractal’s analysis reveals a general trend: when the price of Bitcoin rises, open interest tends to increase as well. However,…

NFT sales surge 34% to $196.2m, Ethereum network showcases 97% spike in sales

NFTDec 8

The non-fungible token, or NFT, market has shown decent growth amid Bitcoin’s historic breakthrough exceeding $100,000. The surge in cryptocurrency prices continues as Ethereum (ETH) strengthens its position, climbing 3.5% in the last 24 hours to reclaim the $4,000 level. The global cryptocurrency market capitalization has expanded to $3.67 trillion from last week’s $3.42 trillion. This is a 2.3% increase over the last day, with Bitcoin (BTC) trading around $99,611 at last check Saturday. See below. Source: CoinGecko According to the latest data from CryptoSlam, the NFT market has experienced a major upswing, with total sales volume reaching $196.2 million.…

AI-driven meme coin SLOP rises 56,000% in just 24 hours

AltcoinsDec 8

Namshub's work highlights the increasing role of artificial intelligence in influencing crypto markets. The AI-inspired meme coin called SLOP surged an astonishing 56,000% within just 24 hours of its creation, according to Dexscreener data. The story of SLOP begins with an artificial intelligence agent named Namshub, created by developer Fabian Stelzer, the founder of Glif, an AI bot platform funded by Andreessen Horowitz. Stelzer built Namshub to test Glif’s capabilities in creating unique generative art and engaging memes based on research. During its exploration, Namshub encountered another AI agent called Truth Terminal, which had gained notoriety for amassing a crypto…

Dubai’s virtual asset regulator issues alert against XT.com and six other crypto entities

LegalDec 8

Dubai’s Virtual Assets Regulatory Authority (VARA) has issued alerts for seven crypto entities claiming to be registered and licensed in Dubai. The entities include, Koto Crypto, Finchain, Crypto Force, Coin Cashy, BTC Bay, XT.com, and Stabit. The first entity, Koto Crypto based out of DMCC (Dubai Multi Commodities Center) which claims to be registered in DMCC Dubai, is carrying out non regulated virtual asset activities operating without a proper license. Based on press releases from Koto Crypto, they have been operating in Dubai as an OTC Crypto provider since 2023. As per the notice, “Any activities related to virtual assets…