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.

Expert warns Bitcoin is in a 'bull trap,' sets next BTC price low target

BitcoinDec 2

As Bitcoin (BTC) seeks to break through the $70,000 resistance amid renewed bullish momentum, a cryptocurrency trading expert is warning investors to be cautious. Specifically, the recent momentum that has seen Bitcoin sustain its valuation above the crucial $65,000 level has the hallmark of being a bull trap, signaling an inverted correction, Alan Santana noted in a TradingView post on October 16. In the analysis, Santana compared Bitcoin’s growth from early August to the present, highlighting that the recent 39% rise is not a genuine bullish impulse but rather a deceptive rally. Unlike the bullish move in January 2024, where…

Crypto founders reveal how they were debanked by America under Biden

LegalDec 2

Crypto founders are accusing the Biden administration of using America’s banking system as a weapon to crush the crypto industry. The allegations, detailed in a heated discussion on X, center on accusations that banks were pressured to sever ties with blockchain firms. The firestorm began when Elon Musk asked his X followers, “Did you know that 30 tech founders were secretly debanked?” Operation Chokepoint 2.0: Crypto’s fight against financial censorship Tyler Winklevoss, co-founder of Gemini, jumped in with a blunt answer: “Yes. I was debanked because I’m in crypto, as was Gemini. The number is probably much larger than 30.…

'Axie Infinity' Studio Layoffs, 'W-Coin' Burn Before Airdrop

GameFiDec 2

The crypto and NFT gaming space is busier than ever lately, what with prominent games starting to release, token airdrops piling up, and a seemingly constant array of other things happening at all times. It’s a lot to take in! Luckily, Decrypt’s GG is all over it. And if you need a quick way to get caught up on the latest moves around crypto video games, we’re happy to present This Week in Crypto Games. Our weekend roundup serves up the biggest news from the past week, along with a few other tidbits you might have missed. We also showcase…

SHIB Burns Skyrocket 65,529%, Here's How Much SHIB Set on Fire

AltcoinsDec 2

According to the data provided by the Shibburn transaction tracker which monitors SHIB burn transfers, in the past day, the SHIB army has managed to push the burn rate of their favorite meme cryptocurrency to an impressive new high. That was the result of burning several million Shiba Inu meme coins. Meanwhile, despite a large spike in the burn rate, the price did not respond to it positively, staging a 3% decline. Burn rate spikes by 65,529% The aforesaid data source shows that over the last 24 hours, the burn rate has increased by a mind-blowing 65,529.67%, with more than…

Gaza is the most powerful demonstration of bitcoin since Wikileak

BitcoinDec 2

BTC For Palestine is the perfect example of an endeavor powered by Bitcoin that strikes right to the heart of what Bitcoin is supposed to be all about. Money functioning without trusted intermediaries. The entire point of Bitcoin was to give people a way to transact with their money that no one could disrupt, insert themselves into the middle of, or rent seek off of. That is the exact situation Gazans find themselves in for the last year. Completely cut off from the rest of the world, incapable of making any form of payment that isn’t using cash without depending…

US Congressman Says Gary Gensler Set the American Dream 20 Years Backwards with Poor Crypto Regulation

LegalDec 2

Congressman Michael John Flood has insisted that America is not where it aims to be in the crypto space owing to Gary Gensler’s poor handling of the sector. Gary Gensler, the incumbent SEC chair, announced earlier last week that he would resign on January 20, 2025. This development followed the emergence of Republican candidate Donald Trump as the next US president. With Trump’s inauguration date drawing closer, Nebraska’s Representative Michael John Flood believes Gensler’s underwhelming tenure has severely impacted the American dream. He insisted that the SEC boss has taken the US two decades backward. Flood Bemoans Gensler’s Crypto Tyranny…

Injective and DojoSwap Launch AI-Powered DojAI for DeFi Revolution

DeFiDec 2

DojoSwap, has unveiled DojAI, an advanced AI-powered platform designed to transform the Injective ecosystem. By integrating state-of-the-art technology, DojAI enables users to create customized AI agents with no technical expertise. It facilitates seamless on-chain trading, asset management, and token creation. Dojo is launching a new AI platform to bring you a #VIRTUAL like product exclusively for Injective. Launch on-chain agents, trade assets and more all powered by the latest innovations in AI. https://t.co/ZyDZfSZV17 — Injective 🥷 (@injective) December 1, 2024 This innovative launch is a significant leap forward in merging artificial intelligence with decentralized finance (DeFi). It reflects Injective’s commitment…

Cardano Founder Reacts as Cardano Prepares to Welcome First-Ever True Permissionless L2

AltcoinsDec 2

Cardano founder Charles Hoskinson recently responded to the potential launch of the first-ever true permissionless layer-2 on the Cardano network. Hoskinson’s reaction comes as the network prepares to witness the launch of Midgard, a unique and fully permissionless layer-2 (L2) solution, the first of its kind in the blockchain space. Unlike many other L2 solutions across the blockchain ecosystem, Midgard looks to achieve a level of decentralization and trustlessness rarely seen, even in other high-profile networks. Anastasia Labs’ Vision for Midgard on Cardano The response from the Cardano founder follows a detailed X commentary recently shared by Philip DiSarro, the…

Elon Musk says his D.O.G.E is going after the IRS, plans to cut its budget

LegalDec 2

Elon Musk is coming for one of Washington’s biggest targets: the Internal Revenue Service. Joined by entrepreneur Vivek Ramaswamy, the eccentric billionaire plans to gut the agency’s budget and reimagine how Americans handle taxes. The duo’s ambitions don’t stop there. They’re orchestrating a federal spending cut of $2 trillion, tackling agencies they consider bloated or outdated via their Department of Government Efficiency (D.O.G.E). “The IRS is a mess,” ELon has said, pointing to inefficiency and scandals that have plagued the agency for years. He’s proposing a free tax-filing app, suggesting an audit, and calling for massive layoffs to reduce what…

Elizabeth Warren Proves Democrats Are Still Against Bitcoin

BitcoinDec 2

If you were tuned into the Massachusetts Senate debate last night, you would have noticed a key exchange between pro-Bitcoin candidate John Deaton and his rival Elizabeth Warren, leader of Washington D.C.’s “anti-crypto army.” When pressed by Deaton, Warren wouldn’t even defend herself. After lying and attacking our industry for years, she said “I’m fine if people want to buy and sell crypto.” Seriously. My big concern with this moment is that it says everything about the Democrats and the lip service they are playing to the Bitcoin industry. It’s undeniable that Bitcoin has turned into a partisan issue in…