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.

Swan Chain Launches Celestial Bloom, Expanding Swan Chain’s AI Ecosystem

BlockchainNov 28

Swan Chain has officially launched its Celestial Bloom campaign, a six-month initiative to expand its decentralized AI-powered ecosystem. Starting November 26, 2024, the campaign invites participants to engage actively, earning $SWAN and $OP tokens in rewards. 🌌 Introducing Celestial Bloom: A New Mission to Evolve Swan Chain A new chapter begins! Celestial Bloom is here to celebrate growth, deepen community bonds, and reward your unwavering support as we revolutionize decentralized AI. 💫 What’s New? – Purpose: Expand Swan Chain… pic.twitter.com/WronpkQfcY — Swan Chain (formerly FilSwan) (@swan_chain) November 26, 2024 This initiative builds on the success of Season 1, including refined…

Bitcoin Pauses Above $68,000 With An Eye To The Recent High

BitcoinNov 28

The price of Bitcoin (BTC) has continued its upward trend after breaking out on October 11. The largest cryptocurrency broke above the moving average lines and the $65,000 mark. Long-term forecast for the BTC price: bullish Bitcoin price is currently trading at a high of $68,350, according to Coinidol.com. On the upside, Bitcoin is expected to reach the psychological price of $70,000. Nevertheless, the positive trend will continue up to the highs of $72,000 and $73,588, where the psychological price barrier will be broken. However, if Bitcoin is rejected at its high of $70,000, the bullish hypothesis will be disproved.…

Smart Trader Resumes $OM Accumulation Following a 7-Month Pause, Gaining $15M

AltcoinsNov 28

A popular trader, going by Whale 0xd1c, has restarted the $OM tokens’ accumulation following a 7-month pause. As per Spot On Chain, a prominent on-chain analytics platform, this resumed $OM accumulation by Whale 0xd1c signals a renewal in confidence and interest in this crypto asset. The analytics provider took to X to discuss the latest activity of the trader. A smart trader resumed accumulating $OM after 7 months. Whale 0xd1c withdrew 2.71M $OM ($3.8M) from Binance via three transactions two hours ago. The last similar action was seven months ago when it withdrew 12.3M $OM from Binance and staked it…

Craig Wright ordered back to UK for COPA contempt of court hearing

LegalNov 28

A judge has ordered Craig Wright to return to the UK to face a contempt of court hearing after the Australian entrepreneur failed to argue that his autism and plans for Christmas should prevent him from appearing in person. Patent attorney David Pearce attended the hearing today and documented Wright and Crypto Open Patent Alliance (COPA) legal representative Jonathan Hough’s arguments for and against his attendance. Today, COPA called Wright’s arguments “not remotely convincing,” and claimed, “wanting to spend Christmas in Indonesia is not a reason that should carry any weight.” It also argued that Wright’s £900 billion claim would…

Can Decentralized Social Media Truly Guarantee Freedom of Speech?

BlockchainNov 28

In a world where traditional social media platforms dominate the digital conversation, are decentralized alternatives emerging as a promising counterpoint to censorship or a breeding ground for hate speech? BeInCrypto talks to Anurag Arjun, co-founder of Avail, a blockchain infrastructure pioneer who is passionate about how decentralization can potentially transform online speech and governance. Decentralized Social Media Faces Moderation and Privacy Challenges In October, X (formerly Twitter) suspended the Hebrew-language account of Iranian Supreme Leader Ali Khamenei for “violating platform rules.” The post in question commented on Israel’s reprisal attack on Tehran, reigniting global debates about the power centralized platforms…

BlackRock Senior Executive Makes Statement on Bitcoin and Cryptocurrencies

BitcoinNov 28

Samara Cohen, BlackRock’s Chief Investment Officer for Exchange Traded Funds (ETFs) and Index Investments, revealed that 75% of buyers of the company’s Bitcoin ETF are cryptocurrency enthusiasts who are unfamiliar with traditional Wall Street investments. BlackRock Says Majority of Bitcoin Spot ETF Buyers Are From Cryptocurrency Community, Not Traditional Finance Speaking at the Permissionless Conference in Utah, Cohen explained that the ETF structure provides investors with a more accessible way to invest in BTC. “The ETF was created as a vehicle,” he told CNBC. BlackRock’s Bitcoin ETF has seen significant interest since its launch, with the combined market cap of…

South Korea Signs OECD Crypto Reporting Agreement, Eyes 2027 for Implementation

LegalNov 28

South Korea has signed the OECD agreement on crypto reporting among member nations. The country’s Ministry of Economy and Finance announced on November 27 that it had officially signed the Crypto Asset Reporting Framework Multilateral Competent Authority Agreement (CARF MCAA) at the 17th OECD Global Forum. Signatories of the CARF MCAA will exchange information on crypto asset transactions through an automatic channel developed by the OECD in collaboration with the G20. As an OECD member, South Korea has fulfilled its role in the agreement and plans to amend its local crypto laws. An official from South Korea’s Ministry of Economy…

Hong Kong leads Web3 race; China tackles digital divide

BlockchainNov 28

Barely 20 years since its launch, Hong Kong’s Cyberport has recorded astronomical growth, living up to its expectation as the primary driver of the government’s Web3 ideals. Elsewhere, China is pushing for greater collaboration with advanced and developing countries to address the digital divide. According to a discussion paper released by Hong Kong’s Legislative Council, Cyberport has grown to host over 270 Web3 entities since its inception. It also highlighted Cyberport’s giant leaps while informing the public of the initiative’s progress in Web3 development. The 14-page report showed that the government-owned commercial hub is now leading Hong Kong’s emerging technology…

Bitcoin ETFs surpass $2.1b weekly inflows, whale accumulation mirrors 2020 rally

BitcoinNov 28

Spot Bitcoin exchange-traded fund inflows shot up more than 580% this week, as one analyst pointed out that whales were loading up on Bitcoin at a pace akin to the lead-up to the 2020 rally. Over the past week, inflows into the 12 spot Bitcoin ETFs reached $2.13 billion, following six consecutive days of positive inflows. This marks the first time weekly inflows into Bitcoin ETFs have surpassed the $2 billion mark since March 2024. Total net inflows across Bitcoin ETFs have hit a record $20.94 billion. That’s a milestone that took gold ETFs years to achieve, according to Bloomberg’s…

Major Crypto Fundraising Projects Raise Over $85M in November 2024

RegulationNov 28

Cryptocurrencies and blockchain innovations remain popular among investors, as several projects reported successful funding in the last few weeks. Monkey Tilt, a platform merging online gambling with cryptocurrencies, secured $30 million in its latest funding round. The initiative, backed by Pantera Capital and Polychain, aims to redefine gaming by incorporating decentralized financial technologies. Other key supporters include Hack VC and Mirana. ⚡️Top Recent Crypto Fundraising Events@MonkeyTiltPlay – $30M@noble_xyz – $15M@bitfinitynet $BTF – $12M@KGeN_IO – $10M@ValantisLabs – $7.5M@rise_pay – $6.3M@OpenLayerHQ – $5M@GunzillaGames $GUNZ – TBA Investors: @paradigm, @a16zcrypto, @PanteraCapital, @hack_vc,… pic.twitter.com/hx8imUOp89 — 🇺🇦 CryptoDep #StandWithUkraine 🇺🇦 (@Crypto_Dep) November 23, 2024 Noble…