Author: NBTC

With the arrival of winter in the United States and the consequent rise in energy bills, most Americans still rely on traditional sources such as gas, heating oil, or electric heaters to warm their homes. However, a small but growing segment of pioneers is experimenting with an alternative solution: using the heat generated from Bitcoin mining to heat homes, offices, and even businesses. The principle is simple: the computational power required for Bitcoin mining produces a significant amount of heat, which is often simply dissipated into the air. According to the analysis by digital assets brokerage K33, the Bitcoin mining…

Bitcoin holders are still the true “diamond hands” investors compared to Ethereum buyers, according to a new report, with the latter coins being moved and spent far more than the original so-called digital gold. Blockchain data firm Glassnode said in a new report—citing data collected before this week’s crypto crash—that BTC moves less frequently than ETH, behaving more like a “digital savings asset.”  ETH moves far more as it functions as “digital oil,” which is both stockpiled and actively used as network fuel and collateral.   “Bitcoin behaves like the digital savings asset it was designed to be, in that…

The Trump administration is one step closer to approving rules that would allow the IRS to gain key information about Americans’ foreign crypto accounts, and use it to tax such holdings. Proposed rules from the Treasury Department regarding the United States’ cooperation with an international crypto tax reporting framework reached the White House on Friday, according to a government website. The president’s advisors will now review the recommendation.  Earlier this year, the White House encouraged the Treasury Department and IRS to impose such rules, which would see the United States join the Crypto-Asset Reporting Framework, or CARF.  CARF, which…

Kazakhstan President Kassym-Jomart Tokayev has signed amendments to the law on artificial intelligence and digitalization. These amendments permit crypto mining and circulation outside the Astana International Financial Center (AIFC). Previously, it was formally believed that companies operating in the AIFC had preferential rights to engage in the mining, trading, and exchange of crypto assets. However, with the new law, which will come into force 60 days after its publication, individual entrepreneurs and legal entities in Kazakhstan will officially be granted permission to mine crypto. Kazakhstani miners to sell their crypto assets to other exchanges Although the new law permits the…

Blockchain data analysis company Glassnode found that Bitcoin users continue to hold their coins tightly, whereas Ethereum holders are far more active in moving or cashing out their coins. In its report, the firm noted that BTC was starting to resemble a “digital savings asset,” seeing how it’s transferred far less often than Ethereum. In contrast, it compared ETH to digital oil, a token that’s both stored and constantly spent to power the network and back collateral. It wrote, “Bitcoin behaves like the digital savings asset it was designed to be, in that coins are largely hoarded, turnover is low,…

US President Donald Trump has confirmed the US is in an active trade war with China after threatening a 100% tariff on all Chinese imports last week. “Well, we’re in one now,” Trump said after being asked by White House reporters whether the US is preparing for a “sustained trade war with China.””If we didn’t have tariffs, we would be exposed as being a nothing, we would have no defense,” Trump explained, calling the tariffs an important measure for America’s national security. 🚨 JUST IN: President Trump declares the United States is in a TRADE WAR with China”We’re in one…

The US administration has taken another step forward with new regulations that will pave the way for Americans to tax their crypto accounts abroad. Draft rules prepared by the Treasury Department to ensure compliance with the international crypto tax reporting system arrived at the White House today. President Donald Trump’s advisors will now begin evaluating the proposals. In the first half of the year, the White House openly encouraged the Treasury Department and the IRS to develop these rules. If these regulations are implemented, the US will formally join the Global Cryptoasset Reporting Framework (CARF), established by the Organisation for…

Ethereum price is down 18.5% in the past 30 days and about 5.2% this week. It is holding up slightly better than Bitcoin on the weekly chart, but it is nowhere close to recovery. One key on-chain signal shows that most traders have almost no reason left to book profits. Under normal conditions, that would help form a bottom. However, if profit-taking pressure has already dissipated, the obvious question is why the Ethereum price still refuses to bounce. Profit-Booking Incentive Drops, But Not Enough To Confirm A Bottom Net Unrealized Profit and Loss (NUPL) has dropped to 0.23, the lowest…

Pierre Gramegna, the managing director of the European Stability Mechanism, warned in Washington on Wednesday that stablecoins could endanger global financial stability if they are not properly guaranteed or regulated. Gramegna’s comments came during the International Monetary Fund’s annual meetings, where he said that if stablecoins ever became mainstream without being tied to central bank money, “there’s a risk to the whole financial system, not just in Europe, but the whole world,” according to Bloomberg. The IMF, in a report earlier this week, had said that the $305 billion stablecoin market could shake traditional lending, weaken monetary policy, and potentially…

Ethereum price remained under pressure on Sunday as sentiment in the crypto industry worsened. ETH token was trading at $3,187, down by over 36% from its all-time high, meaning that it is in a deep bear market. The coin may be about to drop further as a risky pattern nears. Ethereum price is about to form a risky pattern Copy link to section The daily timeframe chart shows that the Ethereum price has remained under pressure in the past few months, moving from the all-time high of $4,950 to the current $3,185. ETH has continued to form a series of…