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.

CoinShares Expands WGMI ETF as Bitcoin Miners Shift to AI

Bitcoin mining is entering into a new phase as companies that were only used for producing Bitcoin ($BTC) have now moved towards AI and high-performance computing as per Coinshares. There’s a clear reason for this shift: AI needs huge amounts of electricity and data center space, which are things Bitcoin miners already have. Their operations are built on power-intensive computing sites. Moreover, CoinShares has also expanded the investment strategy of its Bitcoin Mining ETF (WGMI) and has shifted its focus beyond traditional Bitcoin mining companies to include AI and high-performance computing (HPC) infrastructure. Miners have invested a great amount of…

MiningAug 20

Will the $70K Cost Basis Spark the Next Rally?

Bitcoin whales accumulated 38,000 $BTC through accumulation addresses, reducing the amount of available supply on exchanges. The estimated average purchase price is near $70,000, creating a critical market level. Analysts believe the move could represent long-term confidence or an attempt to recover losses, making whale activity a key factor for Bitcoin’s next direction. Large holders are increasing their Bitcoin exposure as whales accumulate 38,000 $BTC during a period of market uncertainty. The movement has attracted attention because these investors now hold positions with an estimated average cost close to $70,000. The accumulation trend suggests that some major players continue to…

BitcoinAug 20

Crypto markets set Nvidia stock price for end of August 26

Prediction market traders are betting that Nvidia (NASDAQ: NVDA) will extend its rally over the coming month, pushing the stock toward the $250 mark. In line with this outlook, Polymarket data assigned the AI chipmaker a 50% probability of closing August above $240, implying upside of roughly 22% from its press-time price of $197. However, traders are becoming more cautious about gains beyond that level. To this end, Polymarket assigned a 26% probability that Nvidia will finish above $248, while the odds of a close above $256 drop sharply to just 4%. At the same time, the market prices a…

RegulationAug 20

Trump Takes ‘Major Step’ Toward Shutting Down Crypto Scammers

How the New Cyber Program Takes Shape Foreign cybercrime networks could face a U.S. disruption program, President Donald J. Trump announced Aug. 12 in a National Security Presidential Memorandum titled “Expanding Capabilities to Combat Transnational Cyber-Enabled Crime.” The White House fact sheet frames the policy around ransomware, phishing, financial fraud, sextortion, and impersonation schemes targeting Americans. Patrick Witt, executive director of the President’s Council of Advisors for Digital Assets, connected the memorandum to efforts against cryptocurrency-related scams. He wrote on X on Aug. 12: “This action, while not crypto-specific, is a major step toward shutting down the scammers who exploit…

LegalAug 20

KakaoBank Extends Coinone Real-Name Account Partnership for One Year

KakaoBank has renewed its real-name deposit and withdrawal account service agreement with South Korean cryptocurrency exchange Coinone for an additional year, according to a report from Newsis. The extension ensures that Coinone users can continue to use KakaoBank accounts for won deposits and withdrawals when trading virtual assets, maintaining the existing operational framework. Partnership Continuity in South Korea’s Crypto Market The renewed contract follows the completion of internal procedures by both companies, with Coinone also having submitted the required prior filing to South Korea’s Financial Intelligence Unit (FIU). This regulatory step is part of the country’s broader oversight of virtual…

ExchangesAug 20

Bitcoin price slips below $65K after US jobs data

Bitcoin fell below $65,000 on Thursday after stronger-than-expected U.S. jobless claims data reinforced concerns that the Federal Reserve could keep interest rates elevated. Bitcoin price rejected near $65,000 According to data from crypto.news, Bitcoin ($BTC) price traded at $64,384.27 at press time, marking a 0.69% decline over the previous 24 hours. The pullback followed another unsuccessful attempt to break through the $64,800–$65,000 resistance zone. $BTC had recovered from approximately $62,400 earlier in the week and briefly tested the upper end of its recent range. However, buyers failed to secure a daily close above $65,000, allowing sellers to regain control near…

BitcoinAug 20

Active Crypto VC Firms Fall to 150, Lowest Since 2020

Only 150 unique venture capital firms have participated in crypto funding rounds in July, the lowest monthly count since November 2020, according to CryptoRank data through July 28. The figure captures how far the investor base has compressed since the last bull market: at the May 2022 peak, 1,177 investors wrote checks into crypto rounds in a single month, meaning participation has fallen 87%. The smaller funds, family offices and angel syndicates that crowded into rounds during 2021 and 2022 have largely exited, leaving a concentrated circle of established firms leading deals. The quarterly picture points the same direction. Some…

RegulationAug 20

UK authorities continue probe into Nigel Farage’s crypto ‘gifts’ after by-election win

UK Reform leader Nigel Farage will face an investigation that had been briefly paused following his resignation from Parliament after winning a by-election on Thursday with no major party candidates participating. As of Friday, the UK Parliamentary Commissioner for Standards website showed that Farage was currently under investigation for “failure to register an interest” related to the Reform leader receiving millions of dollars’ worth of donations and gifts from two figures tied to the crypto industry. The investigation was halted in July after Farage resigned as a member of Parliament, but resumed following his reelection as Clacton’s MP. The commission…

LegalAug 20

Nexo launches regulated crypto-backed credit in Australia

Nexo Australia launched crypto-backed credit lines after becoming a credit representative under Australia’s National Consumer Credit Protection Act, the company said in a Tuesday announcement shared with Cointelegraph. The new credit lines allow eligible clients to borrow Australian dollars or stablecoins by using their cryptocurrencies as collateral without having to sell them. Funds are generally available within 24 hours with flexible repayments, with no fixed term or origination fees. Interest rates range from 0.9% to 21.9%, depending on the credit line and the client’s loyalty tier. Clients can choose between Smart and Standard credit lines, Peter Stanhope, general manager at…

ExchangesAug 20

Michael Saylor Says Bitcoin Is Digital Capital and AI Is Digital Intelligence

In a Diary Of A CEO interview with Steven Bartlett, Strategy Executive Chairman Michael Saylor has said Bitcoin ($BTC) represents “Digital Capital” and artificial intelligence (AI) represents “Digital Intelligence.” Saylor described them as the technologies reshaping finance, business, and productivity. He said also the combination of scarce digital assets and AI could create new economic opportunities. Saylor Says Bitcoin Is Digital Capital, Challenging Gold, Stocks, and Real Estate On August 6, 2026, in a Diary Of A CEO interview, Saylor framed $BTC not merely as “digital gold” but as superior digital capital, a scarce, portable, programmable, globally transferable store of…

BitcoinAug 20