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.

RD InnoTech's Revolutionary Initiative to Launch Hong Kong Stablecoin HKDR on Ethereum

AltcoinsNov 29

RD Innotech, a participant in the Hong Kong Monetary Authority’s Stablecoin Issuer Sandbox, is set to launch the Hong Kong Dollar stablecoin (HKDR) on the Ethereum blockchain. This initiative aims to enhance digital finance in Hong Kong by providing a stable digital currency pegged 1:1 to the Hong Kong dollar. RD InnoTech, a member of the Hong Kong Monetary Authority (HKMA) Stablecoin Issuer Sandbox, plans to issue the first Hong Kong dollar stablecoin HKDR on Ethereum, and plans to officially list the stablecoin HKDR on HashKey Exchange, Hong Kong’s largest compliance exchange.… — Wu Blockchain (@WuBlockchain) October 28, 2024 Official…

Ripple CEO Brad Garlinghouse Tipped as Trump's New Crypto Czar

LegalNov 29

Former Ripple director Sean McBride has fueled speculation about Ripple CEO Brad Garlinghouse potentially being tapped for a crypto-focused role in Donald Trump’s White House. The position, rumored to be the first of its kind, would signify the administration’s increasing interest in regulating and fostering innovation in the crypto industry. Ripple CEO Brad Garlinghouse to Take on White House Role McBride shared his insights on X (formerly Twitter), responding to questions about the potential appointment. “There is a real and growing possibility Brad Garlinghouse will be chosen as Trump’s new Crypto Czar,” the ex-Ripple exec wrote. The statement has sparked…

Bitcoin set to hit six figures amid growing whale accumulation and supply constraints: Bitwise CIO

BitcoinNov 29

Bitwise CIO Matt Hougan predicts that Bitcoin will reach six-figure prices as several key factors are lining up, including growing whale accumulation and reduced Bitcoin supply post-halving. Bitcoin whales purchased a staggering 60,000 BTC within 24 hours. According to crypto analyst Quinten Francois, this is an unusually high volume of buying activity for large investors. Never in the history of #Bitcoin have whales been buying $BTC this aggressive pic.twitter.com/2DIw33c3HW — Quinten | 048.eth (@QuintenFrancois) October 18, 2024 Experts interpret the aggressive buying spree as a sign of renewed confidence by whales in Bitcoin’s price potential. Whales typically buy large quantities…

VeChain, Solana, Worldcoin Lead in Top 8 Altcoins with Upside Potential

AltcoinsNov 29

As the cryptocurrency market changes, certain assets show strong potential. Investors seek cryptocurrencies that might outperform the market, and VeChain (VET), Solana (SOL), Worldcoin (WLD), Internet Computer (ICP), Jupiter (JUP), Jito (JTO), ORDI, and Stacks (STX) generate considerable interest. VeChain: Steady with Long-Term Potential VeChain currently trades at approximately $0.0219, experiencing a slight decrease of 0.05% in the last 24 hours. Despite this minor dip, VET holds a 24-hour trading volume of about $25.16 million. The platform’s focus on supply chain and logistics solutions makes it a strong contender. Its partnerships with major corporations demonstrate a commitment to real-world applications.…

Congress’s top priorities this lame duck session

LegalNov 29

This is a segment from the Forward Guidance newsletter. As the so-called lame duck session of Congress (the period between Election Day and the end of the Congressional term) rages on, here’s a look at what lawmakers are most focused on in these final weeks of the 118th Congress: Judicial nominations A top priority for Senate Democrats has been getting as many of President Biden’s judicial nominations approved before the party loses its majority. Democrats and Republicans have reportedly come to an agreement to consider seven district court judges after the Thanksgiving recess, with an additional six being placed on…

Bitcoin 'Angle Theory' unlocks BTC’s next cycle top

BitcoinNov 29

As Bitcoin (BTC) approaches the $70,000 resistance level, a crypto analyst has highlighted chart patterns that suggest BTC could reach a peak between $140,000 and $160,000 during this cycle. Notably, an analysis by TradingShot leverages the so-called “Angle Theory,” previously covered by Finbold. This theory, based on the logarithmic growth curve, provides a clear roadmap for BTC’s next major price milestone, projecting a peak by late 2025. Historically, Bitcoin’s price has followed well-defined cyclical patterns, supporting this forecastDespite growing optimism, prominent analysts present a more cautious outlook. Ali Martinez believes BTC is nearing the limits of its current rally, while…

How many Solana coins are there? SOL’s supply explained

AltcoinsNov 29

It’s striking how Solana’s quick transaction times and technology have won over so many users and investors. Let’s break down the Solana supply and its influence on the market. In the ever-changing world of crypto, Solana (SOL) stands out for its impressive capabilities. With rapid transaction speeds and affordable fees, it’s becoming a favorite among users and investors alike. But what about its coin supply? How many Solana coins are there, and how do they affect the market? Let’s take a closer look. Table of Contents Introduction to Solana Circulating supply of Solana coins Maximum supply of Solana coins Solana’s…

Crypto Tax Debate Heats Up in South Korea: What’s at Stake?

LegalNov 29

The South Korean National Assembly postponed a plenary session originally scheduled for November 26 due to political conflicts over the proposed taxation of virtual assets. The Strategy and Finance Committee had planned the plenary session to address the virtual asset taxation issue, among others. However, disputes between the ruling People Power Party (PPP) and the opposing Democratic Party of Korea led to the session’s cancellation. The DPK wants to adopt the crypto tax as planned, while the PPP wants a two-year delay, citing the need to address the growing crypto market. Conflicts over other issues, such as inheritance tax policies,…

Standard measure of bitcoin-gold correlation goes to zero

BitcoinNov 29

Bitcoin and gold are both booming in a global bull market that has seen Total World Indices soar a staggering 28% in the past 12 months. With both assets at or near all-time highs, many traders might understandably assume that they’re correlated. In reality, however, gold and bitcoin are less correlated than ever. Unlike gold, which is at all-time highs, bitcoin is actually 6% lower than its own all-time peak. Moreover, a standard correlation value of bitcoin to gold has fallen from over 50% four years ago to nearly 0 today. Indeed, if traders look at a 90-day smoothed price…

Is This Final Pullback Before ETH Breaks $4000?

EthereumNov 29

The crypto market takes a breather in the last week of November as pioneer cryptocurrency Bitcoin stalls its rally at the $100,000 neckline. The consolidation can be attributed to today’s FOMC minutes, as investors remain concerned about a positive December rate cut. Thus, the Ethereum price analysis shows a slight pullback to recuperate its bullish momentum before surpassing $4000. Ethereum Price Analysis: Is ETH’s Recovery Losing Steam? A downsloping trendline has governed the correction trend in Ethereum price analysis since mid-March 2024. Higher price rejection candles at the daily chart hint at overhead supply at the $3500 level. A potential…