Author: NBTC

On Monday, Bitcoin traded just shy of its month-long high, extending last week’s gains in crypto and risk assets, including stocks, following the U.S. Federal Reserve’s rate hike decision. The Fed lowered its benchmark interest rate by 50 basis points on Wednesday, exceeding economists’ expectations of a quarter of a percentage point cut. It also marked the first time that the central bank had slashed the rate in four years. Crypto analysts have embraced the move as a positive catalyst for market activity, especially since Bitcoin, a key market indicator, has yet to reclaim its March all-time high of over…

With social trading meeting networking, Moo Deng is set to disrupt social trading by incorporating cryptocurrency investment. Bittensor combines artificial intelligence and blockchain disrupting content creation and curration. TAO begins concepts such as tokenization of social influence, enabling users to place a price on their persona. One of the most striking phenomena in the crypto sphere of the modern world has become the integration of social media and decentralized finance called SocialFi. By 2024, several projects have emerged to address the challenges with great social interaction solutions that include the use of incentives. This article will outline six extraordinary socialFi…

The U.S. Securities and Exchange Commission (SEC) has made key progress in its lawsuit against Ripple, as its appeal is filed in the Court of Appeals for the Second Circuit’s PACER system. As usual, famous defense lawyer James K. Filan shared the development yesterday on X, noting that the appeal has been docketed in the Second Circuit’s PACER docketing system. It bears mentioning that the PACER system tracks federal cases being heard within the Second Circuit. Attorney Filan shared screenshots of the case, confirming that the SEC appeal is currently in the Second Circuit’s appellate court system. #XRPCommunity #SECGov v.…

ENS New Domain Registrations Drop 22.9% in September In a noticeable shift, the Ethereum Name Service (ENS) saw a significant decline in new domain registrations during September 2024. According to Dune Analytics data, 15,569 new ENS domains were registered, reflecting a 22.9% drop compared to the 20,202 registrations recorded in the previous month of August. Despite the drop, ENS remains a crucial component of the Web3 ecosystem, with the total number of active domains now standing at 1,912,116. The latest data also reveals that ENS has 886,738 unique user addresses, and a total of 887,331 ENS names have been set,…

South Korean lawmakers are distancing themselves from cryptocurrency, claiming their wallets now contain nothing more than “crypto dust.” This follows a series of political scandals involving crypto, with several prominent lawmakers selling off their holdings. One Member of Parliament reportedly sold $85,200 worth of Bitcoin soon after declaring his assets. The shift comes amid rising scrutiny over politicians’ involvement with cryptocurrencies, particularly after the “Coin Gate” scandal. This scandal implicated former lawmaker Kim Nam-guk, who was accused of insider trading and using confidential information to trade coins. These allegations have pushed lawmakers to declare their crypto holdings publicly before elections.…

Apu Apustaja (APU) has transitioned from being a meme currency to a serious contender, featuring new tweaks and significant community backing. Terra Luna Classic (LUNC) is standing tall after the collapse, making essential changes to regain its value and purpose. The counter GIGA seems still relatively new and,LUNC is associated with a fun-sounding name, but the company is all business and rapidly gaining both retail and institutional attention. Of all the tokens out there, there are three that have particularly piqued the interest of investors and researchers recently. Some of the projects on the radars to watch are Apu Apustaja…

David Carmona, founder of the Icomtech cryptocurrency Ponzi scheme, has been sentenced to over 10 years in prison for defrauding investors with false promises of profits. His scheme targeted working-class people with the lure of financial freedom through cryptocurrency trading and mining, none of which actually took place. Lavish expos were held to entice more victims, while new investors’ funds were used to pay earlier ones. Icomtech Ponzi Scheme Leader Sentenced to 10 Years in Prison The U.S. Attorney’s Office, Southern District of New York, announced on Friday that David Carmona, founder of the cryptocurrency Ponzi scheme Icomtech, has been…

Expanding Options for Digital Assets TL;DR:Fireblocks has integrated IOTA EVM, enabling institutional and enterprise users to securely store, transfer, and manage IOTA tokens and tokenized assets. Fireblocks’ support for IOTA EVM enhances the ecosystem by offering enterprise-grade infrastructure for treasury management and many other services ranging from DeFi to GameFi. Fireblocks, an enterprise platform to manage digital asset operations and build innovative businesses on blockchain, has integrated IOTA EVM. Institutional and enterprise users as well as builders can now utilize Fireblocks to store and transact IOTA tokens and assets on IOTA EVM via the Fireblocks console and API. Fireblocks and…

Bitcoin’s price recently broke out of a bullish pattern, signaling the potential for a rise to $80,000. However, despite this positive technical setup, the biggest obstacle preventing the leading cryptocurrency from achieving a new all-time high is the behavior of its own holders. BTC holders have been actively selling off their assets, creating a roadblock for Bitcoin’s upward trajectory. Bitcoin Investors Are Greed In recent days, investors have begun selling their Bitcoin holdings, as reflected in the rising realized profit/loss ratio. This metric, which measures the profitability of coins moved on-chain, has been increasing for the last ten days after…

Ethereum’s recent attempt to break above the multi-month descending channel’s middle threshold of $2.6K has turned out to be a false breakout, leading to a notable rejection and sharp decline. This pattern suggests a potential mid-term continuation of the downtrend toward the $2.1K support level. By Shayan The Daily Chart Ethereum’s price action on the daily chart has highlighted a bull trap. Much like in late August, when ETH broke above the descending channel’s middle threshold only to be swiftly rejected, a similar pattern has unfolded recently. After the price briefly surpassed the $2.6K resistance, it failed to maintain momentum…