Author: NBTC

On August 9, 2024, Celsius Network Limited, acting through the Blockchain Recovery Investment Consortium, LLC, filed suit against Tether Limited, and certain of its affiliates, in the United States Bankruptcy Court for the Southern District of New York. This baseless lawsuit against Tether proves the adage that “no good deed goes unpunished.” The claims arise out of a 2022 agreement under which Tether made USD₮ available to Celsius, in amounts that Celsius requested at the time. Under the agreement, Celsius posted bitcoin (BTC) to Tether as collateral. As the price of BTC began to fall in June 2022, the agreement…

Bitcoin, the world’s largest cryptocurrency, experienced a decline again today and increased its loss in the last 24 hours to approximately 2.5%. Losses in the last week have exceeded 5%. BTC price briefly rose above $67,000 this week but could not hold there. Graph showing the decline in BTC price today. Il Capo of Crypto, one of the most well-known analysts in the cryptocurrency world, shared his current views on the market in light of the latest developments. il Capo said in another analysis he published recently that he still thinks in favor of the bull. According to the analyst,…

Cardano founder Charles Hoskinson outlines Cardano’s vision to surpass Bitcoin with innovation, new listings, and advanced governance, targeting a multi-trillion ecosystem. Cardanians on X recently shared a statement from Charles Hoskinson, where he emphasized the potential ease of surpassing Bitcoin. According to Hoskinson, Bitcoin has stalled, while the Cardano community is equipped with the necessary resources, inspiration, and tools to advance and take the next step. Charles Hoskinson explains how easy it is to flip #Bitcoin. Bitcoin stalled. The #Cardano community will have the resources, inspiration and tooling to take the next step. This will allow further steps to be…

The Superintendence of Banking and Insurance (SBS) of Peru, has issued a resolution that forces VASPs to implement Know Your Customer (KYC) and anti-money laundering (AML) measures as part of a compliance plan. The resolution is in line with FATF recommendations and seeks to control and avoid criminals to use these platforms for illicit purposes. Peru Issues Resolution Forcing VASPs to Integrate KYC and AML Compliance in Their Structures Peru is introducing rules to regulate the operation of virtual asset service providers (VASPs) in the country. Last month, the Superintendence of Banking and Insurance (SBS) of Peru issued resolution N°…

A widely followed crypto analyst believes that a key metric indicates Bitcoin (BTC) is consolidating ahead of a blow-off top. In a new strategy session, trader Jason Pizzino tells his 329,000 YouTube subscribers that Bitcoin appears to be following a 2020 cycle pattern of consolidation before a sudden massive rise in price and volume. The analyst uses Google trend search terms as a metric to gauge where Bitcoin and cryptos are in the current cycle based on historical patterns. “So Google trends, a lot to look at. Bitcoin and crypto search terms, this still, well and truly, down compared to…

Covalent (QCT), a modular data infrastructure for artificial intelligence (AI), has seen the price of its native token fluctuate sharply in the past 24 hours. The price of QCT fell sharply on Thursday, crashing from $0.15 to $0.10. However, QCT has rebounded and is currently trading around $0.16, as the community looks to steady itself around the AI-related crypto project considered a major network development. Crypto analyst Michael van de Poppe said on X that Covalent is poised to bounce back after the sharp price correction. “$CQT is doing great in their ecosystem and they proposed a change for CQT…

It seems that Bitcoin’s selling pressure is through the roof again as the first cryptocurrency dropped below $65,000, with more than $140 million liquidated. However, the main source of selling pressure might not have been so obvious. Recent price action indicates that Bitcoin is having difficulty maintaining its hold above important support levels. With a break below the 50 EMA and an approach to the 100 EMA, the daily chart shows an extreme decline. There is also growing bearish momentum indicated by the RSI. The fact that Coinbase is the source of the selling pressure is crucial. The Coinbase Premium…

The latest developments in the NFT sector have reportedly resulted in a shift in the sales thereof. Hence, this week saw a change in the top NFT collections in line with sales, as per data from CryptoSlam. The prominent NFT projects in this respect take into account DMarket, Guild of Guardians Heroes, Sorare, DogeZuki Collection, and CryptoPunks. DMarket Leads the Top NFT Projects Based on Weekly Sales The statistics disclose that DMarket has led the NFT market in the case of sales. The NFT project reportedly witnessed sales of up to $7,471,863 worth. This figure denotes a great surge of…

The Hedera Hashgraph and Deloitte have partnered to enhance the verification of companies’ ESG impact. The Deloitte ESI platform is set to transform how companies prove their net-zero and ESG claims. The Hedera Hashgraph has announced a partnership with Deloitte to enhance the verification of companies’ ESG impact and sustainability claims. This partnership aims at fighting greenwash and proper, tangible impact reporting through a new tool, Environmental & Social Impact (ESI), built on Hedera DLT. BREAKING: @Deloitte leverages the @Hedera Hashgraph network, a cutting-edge distributed ledger platform renowned for its efficiency and security.https://t.co/Mzht4QaAFr#Crypto #Cryptocurrency #CryptoNews #Hedera #Hashgraph #HBAR #Bockchain #IoT…

Crypto analyst Nick, host of the Cheeky Crypto YouTube channel, explored the factors influencing Bitcoin’s current price trajectory, focusing on MicroStrategy’s recent Bitcoin acquisition and the movements of large holders, known as whales. In a new video, Nick analyzed Bitcoin’s recent price action and offered insights into what might lie ahead for the leading cryptocurrency. Nick cited MicroStrategy’s $800 million note offering, which facilitated its recent large-scale BTC purchase, as a significant factor in Bitcoin’s price development. According to recent reports, MicroStrategy bolstered its Bitcoin holding by acquiring an additional 11,931 Bitcoins for $786 million. This increased the investment company’s…