Author: NBTC

TL;DR Bittensor (TAO) led crypto discussions on September 23, driven by an 80% weekly surge, while the lesser-known Hamster (HAM) gained attention after its airdrop controversy. Near Protocol (NEAR) ranked third in trending assets, experiencing a 30% price spike in a week. What Drives the Interest? The crypto market started the week on the right foot, with numerous assets witnessing substantial price increases or capturing investors’ attention for other reasons. Bitcoin (BTC), Ethereum (ETH), and many more leading cryptocurrencies have been at the forefront of gains on a weekly scale, but according to analytics platform Santiment, they did not see…

The FCA is defending its stringent crypto firm registration process despite concerns that the approach may hinder innovation. The U.K. Financial Conduct Authority is reaffirming its commitment to a rigorous registration process for crypto businesses, addressing concerns that these tough standards could hinder innovation in the industry. In a blog post on Oct. 21, Val Smith, head of payments and digital assets at the FCA, defended the agency’s stance, asserting that the FCA’s experts “never turn applications down out of hand.” “We know that setting and maintaining standards people can trust is a key part of any thriving, competitive sector.…

Bitcoin (BTC) is finally making a comeback, with recent price spikes signaling a potential start of the long-awaited market bull run. As the cryptocurrency retests the $57,000 level, this renewed momentum could ignite a positive price rally, potentially driving more gains for Bitcoin. Bitcoin Retests New Levels At $57,000 On Tuesday, September 10, Santiment, a market intelligence platform, disclosed a new positive change in Bitcoin’s price movements. The platform revealed in an X (formerly Twitter) post that Bitcoin’s market value has experienced a notable uptick, skyrocketing to $57,600 this week. Notably, Bitcoin’s price surged more than 4.8% on Monday, September…

Lido Finance, which was once a well-known entity for DeFi-based liquid staking, has witnessed noteworthy developments in chief metrics. As per Lido Finance, the platform has experienced a significant upsurge in the total value locked with a 10.95% increase, bringing the total assets to $26.73B. The platform revealed this development on social media. 📊 Lido Analytics: October 14 – October 21, 2024– USD TVL up 10.95% to $26.73b.– 4,992 net ETH unstaked.– 7d stETH APR at 2.99%.– wstETH on L2 down -5.62% to 196,361 wstETH.– 7d (w)stETH trading volume at $879.64m.👇 pic.twitter.com/HPx98PXWof — Lido (@LidoFinance) October 21, 2024 Total Value…

The Congressional Budget Office (CBO) released a draft of the U.S. budget projections through 2034, challenging concerns raised by BlackRock’s CEO Larry Fink. Despite Fink’s comments that rising government debt is a notable issue, the CBO data suggests that the debt levels may not be problematic until after 2034. The report outlines various economic metrics, including GDP growth, debt ratios, and budget deficits, providing a clearer picture of the nation’s financial future. U.S. Debt Projections and Economic Outlook The CBO’s draft report highlights that U.S. government debt will continue to grow substantially over the next decade. However, it also indicates…

Last week Montenegro’s Minister of Justice said he had decided where Do Kwon would be extradited for his role in the Terra/Luna collapse. However, before his verdict was revealed, a surprise appeal from Kwon threw yet another spanner in the works. Kwon filed the appeal on September 25 against a Supreme Court ruling that took place six days earlier and ruled that the Minister of Justice, Bojan Božović, would decide where to extradite Kwon. His appeal requested the suspension of his extradition proceedings, the Supreme Court’s verdict, and the decision-making of Božović. On October 18, in response to the request,…

The exclusive data shows a drop in the Consumer Price Index in the US for August. As per the on-chain analytics firm Lookonchain, the decreased CPI has displayed a year-on-year jump of up to 2.5%, marking the 5th consecutive month in the case of inflation decline as a substantial trend for the crypto market. The U.S. CPI(YoY) in August was 2.5%, falling for 5 consecutive months.Here is a graph showing the relationship between the $BTC price and the U.S. CPI(YoY). pic.twitter.com/e24Ch0qyto — Lookonchain (@lookonchain) September 11, 2024 US CPI Indicates a Dip in Inflation, Signifying an Increased Market Stability The…

Ripple CTO David Schwartz, has recently reacted to a recent argument made by Self Proclaimed Satoshi Craig Wright in an X post. Craig Wright has been embroiled in legal controversies for years, particularly after publicly declaring himself as Satoshi Nakamoto in 2016. Wright has also been involved in lawsuits regarding the intellectual property rights to the Bitcoin whitepaper and Bitcoin code. In a recent twist, Wright who was discredited in the UK High Court’s ruling against his claim to be Satoshi Nakamoto, filed another legal action, targeting the Bitcoin Core developers seeking a staggering £911,050,000,000. Wright contends that the Bitcoin…

A recent report by The Defiant reveals that Coinbase holds a substantial 11% of the total Bitcoin supply, amounting to approximately 2.275 million BTC worth around $129 billion. As the fourth-largest cryptocurrency exchange globally, Coinbase commands significant trading volume—$1.5 billion in 24-hour transactions and 34 million monthly users—and acts as a custodian for major corporations, including BlackRock, Tesla, and MicroStrategy. However, this substantial concentration of Bitcoin within a single entity has raised important questions about the potential risks associated with such centralization. The Fallout Of A Potential Coinbase Disaster Per the report, critics argue that a significant concentration of assets…

Neo has partnered with GoPlus, a Web3 security platform designed to protect users against various risks associated with blockchain usage. Neo X is the first network to integrate the GoPlus User Security Module at the node level, aimed to protect users with automatic transaction screening. GoPlus is the team behind SecWareX, an on-chain service that can scan wallets and transactions to identify threats such as malicious airdrops and phishing scams. The utility integrates with common Ethereum tooling, such as MetaMask and Etherscan, and works across various EVM-compatible networks. For most supported networks, including Ethereum, BNB Chain, and Optimism, GoPlus provides…