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.

Bitcoin price targets $68K as bulls test $65K

Bitcoin price approached $65,000 on Aug. 6 as easing concerns over the Strait of Hormuz and improving technical momentum supported its recovery from the low-$62,000 region. Bitcoin price action today According to data from crypto.news, Bitcoin ($BTC) traded around $64,615 at the time of writing after reaching an intraday high of $64,999. The move extended its recovery from approximately $62,300 on Aug. 3 to almost 4%. The rebound followed reports of progress between Iran and Oman over a shipping route through the Strait of Hormuz. Iran’s Foreign Ministry said the two countries had reached an understanding on the route’s coordinates,…

BitcoinAug 21

Tether’s American twin grew 540%. It is still 0.08%

$USAT went from $22 million to $140.8 million in a single month, the fastest growth of any regulated dollar token this year. In the same window, its offshore parent shed roughly six billion. One of those numbers is a rounding error on the other, and the gap between them is the most interesting structure in stablecoins. There is a specific kind of corporate structure that appears when a very large business decides it may eventually need to be a different business, and Tether built one in January. $USAT is a dollar token issued through a federally chartered bank, designed from…

RegulationAug 21

Monaco Submits Draft Bill to Align Crypto Rules With MiCA

Evolving Beyond the 2022 Framework Monaco’s government has submitted a bill to its legislature to overhaul the Principality’s legal framework for crypto‑asset service providers, citing rapid growth in the digital finance sector and shifting international standards. Bill No. 1131 was formally submitted to the National Council on Aug. 6. If approved, it would replace the regime enacted in 2022 and align Monaco’s regulations more closely with the European Union’s Markets in Crypto‑Assets Regulation (MiCA) and standards set by the Financial Action Task Force (FATF). Under Law No. 1.528, passed in July 2022, crypto‑asset and digital‑asset services were divided into two…

LegalAug 21

BitForex Founder Moves $1M in WLFI to Binance, On-Chain Data Shows

Garrett Jin, the founder of the defunct cryptocurrency exchange BitForex, has transferred 17 million $WLFI tokens — valued at approximately $1.01 million — to Binance, according to on-chain data analyzed by EmberCN. The deposit occurred six hours ago and may signal an intention to sell, potentially realizing a loss of around 40% from the original purchase price. Background of the Transfer EmberCN, a well-known on-chain analyst, reported that an address believed to be controlled by Jin had withdrawn 313 million $WLFI from Binance in February, when the token was trading near $0.10. At that time, the total value of the…

ExchangesAug 21

Bitcoin miners pour billions into AI as capex outpaces revenue 15-to-1

Public Bitcoin miners are spending billions chasing artificial intelligence and high-performance computing revenue, though returns have yet to keep pace, underscoring the massive upfront investment required to diversify beyond Bitcoin mining. In its latest Miner Weekly newsletter, BlocksBridge Consulting reported that a group of 15 Bitcoin miners and AI/> Bitcoin miners’ capital expenditures are vastly outpacing AI and HPC revenue so far. Source: Miner Weekly The steep cost of pivoting to AI AI and data centers have been touted as a way for Bitcoin mining companies to diversify amid challenging conditions in the mining sector, but BlocksBridge’s data shows that…

MiningAug 21

Bitcoin Could Drop to $44K by Late October, Mining Pool Founder Predicts

Jiang Zhuoer, founder of the China-rooted mining pool $BTC.top, has projected that Bitcoin could fall to $44,016 by late October, citing historical patterns in the cryptocurrency’s four-year market cycle. His analysis suggests that the current bear market has not yet matched previous downturns in either duration or depth, indicating further downside may be ahead. Historical Cycle Comparison Jiang’s forecast is based on a comparison of Bitcoin’s past three bear markets, which all exhibited similar timeframes and drawdowns. According to his data, the maximum declines in those cycles were 86.9%, 84.1%, and 77.6%, respectively. In the current cycle, he projects a…

BitcoinAug 21

Ethereum supply tightens after $19.5M whale withdrawal – Is $2,100 in sight?

An Ethereum [$ETH] whale moved 10.3K $ETH, valued at approximately $19.5 million, off Kraken in a span of just 24 hours. The activity followed the previous pattern of withdrawal of the wallet, and it also decreased the amount of funds held by the wallet on the exchange. Notably, the whale withdrew another 5K $ETH worth approximately $9.53 million in the most recent transaction. However, accumulation alone did not capture the full supply implications behind these movements. The wallet also staked 2.02K $ETH, worth approximately $3.84 million, through Ethereum’s Beacon Deposit Contract. Therefore, part of the withdrawn supply moved toward staking…

EthereumAug 21

Internet Computer Takes Lead in AI & Big Data Blockchain Development Ranking

Crypto projects linked to artificial intelligence (AI) and big data are gaining attention as development expands across several networks. The latest ranking shows where teams are building tools for data, computing, storage, and blockchain-based AI services. Internet Computer ($ICP) led the latest ranking of crypto projects focused on artificial intelligence and big data development, according to Santiment data. Chainlink ($LINK) placed second, followed by $NEAR Protocol ($NEAR), OriginTrail ($TRAC), Livepeer ($LPT), Injective ($INJ), Aleph Cloud (ALEPH) , FLUX, Filecoin ($FIL), and MultiversX ($EGLD). Internet Computer and Chainlink Secure Top Two Spots Internet Computer took the top spot as DFINITY launched…

AltcoinsAug 21

A U.S. VASP Compliance Guide

Any U.S. virtual asset service provider moving crypto above the applicable recordkeeping threshold must collect, verify, and transmit identifying information about both the sender and recipient before the transaction settles. That is the Travel Rule in one sentence. The rule’s formal name in international standards is FATF Recommendation 16, extended to virtual assets in 2019, and it sits at the intersection of anti-money laundering law, data privacy, and real-time payment infrastructure. For U.S. compliance leads, the binding enforcement touchpoint is the Bank Secrecy Act and FinCEN’s recordkeeping rules at 31 CFR 1010.410, not FATF itself, which is a standard-setting body…

LegalAug 21

Stablecoins Were Supposed to Kill the Card Networks, They Didn’t

Stablecoins were supposed to route around card networks entirely, cutting out the middleman fees that Visa and Mastercard have collected for decades. Instead, the data from July suggests something opposite is happening. Milestone That Actually Matters Stablecoin card top-up volume hit $1.084 billion in July, a 15.9% monthly gain, marking the first time this figure has crossed the billion-dollar mark. That number measures something specific, like how stablecoins are loaded onto crypto-linked cards, which users then spend the same way they’d spend any other card, through the existing Visa or Mastercard rails sitting underneath. The activity is concentrated on cheap,…

ExchangesAug 21