Author: NBTC
Wisconsin’s investment board saw fit to significantly add to its bitcoin (BTC) bet in the last three months of the year. The State of Wisconsin Investment Board (SWIB) disclosed ownership of just over 6 million shares of BlackRock’s iShares Bitcoin Trust (IBIT) as of the Dec. 31, per a 13F filing on Friday, up from roughly 2.9 million shares three months prior. The position was valued at $321 million as of year-end and would be worth about $588 million at bitcoin’s current price near $98,000. The fund in 2024 became the first of its kind to report a bitcoin ETF…
Ethereum (ETH) is now trading below the crucial $2,000 mark, struggling to find momentum after days of selling pressure and consolidation around $1,900. The broader crypto market remains under heavy bearish control, and ETH has lost over 57% of its value, making it increasingly difficult for bulls to stage a recovery. With Ethereum now below a multi-year support level, this zone could flip into strong resistance, further complicating any potential rebound. The market is in a highly volatile phase, and traders are watching closely for signs of strength or further downside risks. On-chain data highlights two key price levels for…
RWA altcoins like BST, $PROPS, $CPOOL, $PROPC, and $RIO are transforming asset ownership and liquidity. Institutional and retail adoption of tokenized assets is expected to drive significant growth in this sector. These projects leverage blockchain innovation to enhance transparency, efficiency, and accessibility in traditional asset markets. The real-world asset (RWA) altcoins represent a transformative power in the cryptocurrency sector by linking traditional finance with blockchain technology. Integer values of real-world elements represent tangible assets including real estate property and commodities and intellectual property through digital tokenization which leads to boosted market accessibility. Five real-world asset projects named BST, $PROPS, $CPOOL,…
A circular with tax rules issued by Germany’s finance ministry draws investors’ attention to their obligations to record and report all cryptocurrency transactions. Violations of the guidelines can be treated as tax evasion, the German press reported, quoting experts providing clarity on the update. The letter, published by the Federal Ministry of Finance (BMF) earlier in March, revisits the taxation of crypto-related profits three years after the matter was initially addressed by the department. Experts quoted by the business news magazine, Wirtschaftswoche, noted that the document answers outstanding questions. Long-term Bitcoin investments yield tax benefits in Germany According to the…
Decentralized perpetual exchange (DEX) Hyperliquid (HYPE) has reached a significant milestone, surpassing $1 trillion in total perpetual contract (perps) trading volume. This achievement comes despite a broader market downturn, where major sectors have posted losses. While there has been slight growth today, it remains minimal, highlighting the market’s challenges. Hyperliquid Dominates Perps Market According to data from DeFiLlama, Hyperliquid perps’ cumulative trading volume has surged to $1.1 trillion. This rise in activity highlights its growing appeal among traders. Furthermore, as reported by Dune Analytics, weekly volumes have ranged between $40 billion and $50 billion. In fact, the platform now commands…
The New Jersey Devils have launched “Bott Stevens,” a custom AI chatbot designed to enhance digital fan engagement. Named after Devils legend Scott Stevens, the chatbot is powered by Theta EdgeCloud’s (THETA) decentralized AI infrastructure and will be available on the team’s official website during the 2024-25 NHL season. The AI agent will provide fans with real-time information on game schedules, tickets, stats, and merchandise. Utilizing Theta’s Retrieval Augmented Generation technology, Bott Stevens will pull data from official NHL sources, ensuring accuracy while avoiding misinformation from unverified sources. You might also like: Crypto exchange Deribit warns against job scams using…
Strong fourth quarter results from Coinbase helped buoy bitcoin amid worries about inflation from disappointing CPI data earlier in the week. BTC Shows Slight Uptick Despite Worries of Inflation and a Slump in Trading Volume Bitcoin (BTC) is trading at $96,767.00 on Valentine’s Day, marking a 0.97% increase over the past 24 hours. Despite this slight uptick, BTC remains down 2.88% on the weekly chart, reflecting ongoing market caution. The flagship cryptocurrency has fluctuated within a 24-hour range of $95,269.71 to $97,221.95, as traders react to macroeconomic developments and corporate earnings reports. (BTC price / Tradingview) Coinbase Earnings Offset Inflation…
Ethereum (ETH) investors who opened positions at high price levels have largely run out of purchasing power, according to Chinese on-chain data analyst Murphy, raising concerns about ETH’s ability to stage a strong recovery. Murphy posted statistical data on social media, revealing that the average cost basis for ETH positions created between January and February 2025 ranged from $3,200 to $3,500. A significant cluster of addresses significantly increased their holdings to $3,475 by accumulating approximately 1.66 million ETH. This group did not buy the dip when ETH dropped to $1,900 and currently hold 1.94 million ETH, reducing their average cost…
This article estimates the number of Shiba Inu tokens investors must hold to earn $1 million if SHIB reaches audacious targets like $0.0004, $0.006, or $0.03. Despite the recent market downturn, many investors hope to become millionaires through investments in Shiba Inu (SHIB). This fantasy is primarily driven by Shiba Inu’s incredible past performance and the numerous projections market observers have issued for the dog-themed token. Shiba Inu ranks among the most successful cryptos in history due to its performance in the 2020/2021 bull market, which saw its price spike by over 150 million percent to an all-time high (ATH)…
Fintech and crypto firms are actively pursuing state and national banking licenses under President Donald Trump’s administration to gain regulatory approval that was previously slow to materialize. According to a Reuters report, industry executives indicate that firms seeking credibility and market expansion see a favorable landscape under the administration, which has forced regulators to transition from their cautious stance toward crypto. Increased interest in banking licenses New banking entrants increase industry competition and cater to niche market segments. Analysts and industry participants indicate that financial institutions launched by fintech and crypto firms could address underserved customer bases. Moreover, legal professionals…