Author: NBTC

As a result, people with product ideas, industry expertise, and entrepreneurial experience can create applications without advanced programming skills. Midnight highlighted the growth of AI-powered development platform Replit as evidence of this shift. Replit now has more than 60 million users worldwide, demonstrating how quickly the pool of people capable of building applications, websites, and products is expanding. According to Midnight, this growing pool of builders presents a significant opportunity for its ecosystem. Midnight Shifts Focus to AI-Native Tools Rather than focusing solely on helping developers build privacy-preserving applications, Midnight now wants to make its ecosystem accessible to a much…

Which Crypto Assets Fall Under the VDA Rules? According to the tax department’s explainer, crypto assets, NFTs, and other digital assets fall under the broader definition of Virtual Digital Assets. In addition, crypto assets that represent value and rely on cryptographically secured distributed ledger technology are also included under this category. However, it is worth noting that not all digital assets can automatically be considered a VDA. Indian currency, Central Bank Digital Currency (CBDC), foreign currency, and some notified digital assets are reportedly excluded from the VDA definition. Other exclusions include certain gift cards, vouchers, reward points, loyalty cards, and…

Price Action Breakdown The current $XRP price remains unreported, reflecting a low trading volume over the last 24 hours. However, the substantial transfer hints at active trading strategies and potential speculative interest, as traders analyze the effects of such significant movements on liquidity and market trends. $XRP, the native token of the Ripple network, operates within a framework aiming to facilitate international money transfers efficiently. Regulatory scrutiny and market adoption play pivotal roles in its journey, with entities like Uphold facilitating liquidity. The recent transfer underscores ongoing dynamics affecting $XRP’s market position and investor sentiment. The Road Ahead Traders are…

According to Jin, the fact that Bitcoin rose to the $82,300 level but couldn’t maintain it indicates that the market hasn’t yet entered a strong uptrend. Jin points out that one of the most important levels for Bitcoin is $82,500. However, he notes that simply breaking above $82,500 is not enough for the upward trend to continue. For an upward move, it needs to maintain its position above this level and see stronger buying from the spot market. In such a scenario, Jin stated that $BTC’s next target would be the $83,000-$86,000 range, noting that this area would be watched…

Token Metrics Currently, the overall market sentiment is mixed, with various assets showing fluctuating momentum. Pendle’s innovative approach in the $USDC vault has piqued interest, particularly among DeFi enthusiasts looking for competitive yields. While the vault’s TVL reflects a robust demand for $USDC liquidity, the absence of trading volume indicates a potential buildup phase as participants assess the evolving landscape. Pendle is a decentralized finance protocol that allows users to tokenize and trade future yield on their assets. The $USDC vault provides users with a platform to maximize their returns while participating in liquidity pools. This vault is crucial for…

Trading volume reached 54.34 million shares, well above the company’s recent daily levels. The stock traded as high as $154.02 during the session after opening at $132.25. MSTR had closed at $104.25 one month earlier on Aug. 19. Its rise to $153.92 produced the 47.65% trailing return. The rally has recovered a portion of the stock’s earlier losses, though MSTR remained down more than 55% over the trailing 12 months as of Sept. 18. Bitcoin’s Friday rally coincided with the sharp move in Strategy. Reuters reported that crypto-linked equities rose as Bitcoin climbed during a volatile U.S. trading session, while…

Starknet has opened registration for the strkBTC faucet for a limited 24-hour period, as announced via a tweet from their official account. This initiative is designed to engage the community and encourage participation in the Starknet ecosystem. By allowing users access to faucet resources, Starknet aims to increase the utility of the strkBTC token, enhancing overall community involvement. For more details, visit the official tweet. The Key Development The broader crypto market is currently showing mixed signals, with various assets experiencing fluctuating momentum. Starknet’s announcement of the strkBTC faucet registration comes at a time when community engagement is crucial for…

Seo said the regulator wants the legislation passed quickly and expects discussions to proceed using bills that lawmakers have already introduced alongside the government’s proposal. Digital Asset Framework Act is headed for November review Ten digital asset and stablecoin bills are currently pending in the National Assembly, giving lawmakers existing proposals to work from before the government completes its version. Seo said both sets of proposals cover issuance and distribution across the digital asset market, with the FSC working through detailed provisions along the same general direction as lawmakers. The November timetable follows earlier pressure on the regulator to accelerate…

Sygnum’s route is for eligible institutional clients who onboard with its bank. The companies have not disclosed how many Bitget clients use it or whether any Sygnum-held collateral was connected to this incident. A breach alongside a new custody route Bitget said its systems detected unauthorized transfers at 18:31 UTC on Sept. 24. Its initial notice placed the affected funds at about $351.6 million and said the breach reached portions of its hot and warm wallet layers, while cold wallets remained secure. In a Sept. 25 update, Bitget raised the estimated assets transferred to attacker-controlled addresses to about $387.5 million…

On the other hand, the analyst added that the historical data supporting a bearish scenario has not yet been completely erased. He pointed out that critical on-chain metrics such as Puell Multiple, MVRV Z-Score, and Market Cap/Thermocap ratio have not yet fallen to the extremely low levels seen in past bear market lows. Furthermore, the fact that Bitcoin has not yet dropped below the price reached in this cycle, and that whale activity remains weaker compared to past lows, suggests that the risk of a decline is not entirely off the table. Cowen stated that the 50-week moving average will…