Author: NBTC

Bitcoin, the first and largest cryptocurrency by market capitalization, attempted to reach $70,000 during today’s trading session, but bulls have yet to succeed. BTC barely reached an intraday high of $69,891 in early Saturday trade. At the time of writing, BTC has fallen 2.28% in the previous 24 hours to $69,373, extending profit-taking from Tuesday’s high of $73,600. If today concludes in losses, BTC will have traded in the red for the fourth day in a row since reaching this high. @Crypto_TownHall Current Bitcoin Chart pic.twitter.com/afuohAWbVF — Peter Brandt (@PeterLBrandt) November 1, 2024 As the market considers Bitcoin’s next move,…

South Korea’s crypto market skyrocketed in the first half of 2024, with 7.8 million investors and daily trading volumes rising by 67% to $4.4 billion. Korea’s crypto market has seen a significant expansion in the first half of 2024, driven by a surge in Bitcoin (BTC) prices and growing investor interest. The number of crypto investors in South Korea rose to 7.8 million, up 21% from 6.45 million in the second half of 2023, South Korean daily newspaper Hankook Ilbo reports, citing data from the Financial Intelligence Unit of the Financial Services Commission. Daily trading volumes also skyrocketed, climbing 67%…

Victory Securities will be the first licensed Hong Kong crypto broker to launch cash-settled virtual asset structured products to professional investors. In a press release published on Nov. 4, Victory Securities announced its plans to launch virtual asset structured products for professional investors by the end of this year. The firm received approval from the Securities and Futures Commission to promote and sell cash-settled virtual asset structured products to investors, making Victory the first licensed broker in Hong Kong to offer such products. Virtual asset structured products grant investors the possibility to achieve higher returns, depending on specific market conditions.…

MARA Holdings (NASDAQ: MARA), the publicly listed Bitcoin miner from Wall Street, reported mining 717 BTC in October, marking its strongest monthly production since April’s halving event. The crypto mining giant continues expanding its operations toward year-end targets. The company’s energized hashrate reached 40.2 exahashes per second (EH/s) last month, representing a 14% increase from September levels. Despite winning slightly fewer blocks due to rising network difficulty, overall bitcoin production grew 2% month-over-month. Fred Thiel, CEO, MARA, Source: LinkedIn “Despite a slight month-over-month decrease in block wins, driven by the growth in global hash rate and the resulting rise in…

Bitcoin (BTC) has opened November surpassing the $70,000 psychological resistance after holding a few days above this level. As this new month starts, Finbold looked at Bitcoin’s historical returns to provide a BTC price projection for November 30. In hindsight, Bitcoin closed October with 10.76% gains, achieving nearly half the average and median historical returns for “Uptober.” Data from Coinglass shows November has even higher average historical returns while having lower median gains than its previous month. Notably, Bitcoin’s monthly performance in November, dating back from 2013, has accumulated 42.78% gains on average. With seven positive years out of eleven,…

The Swiss-based digital asset banking group Sygnum has successfully converted its Yield Core crypto fund into a Luxembourg Reserved Alternative Investment Fund (RAIF) structure, moving towar institutional-grade crypto investment offerings. The fund, which manages nearly $30 million in assets, focuses on yield-generating strategies in cryptocurrency markets. The transition, approved by 99% of existing investors, enhances the fund’s governance framework and eliminates counterparty risk through direct asset ownership. The fund has demonstrated positive performance so far with a Sharpe ratio of 2.7 over two years. Markus Hämmerli, Head of Liquid Strategies at Sygnum “This move not only increases investor protection and…

Ubisoft’s latest NFT game, Champions Tactics, was branded “unplayable” during its opening weekend after a bug meant that just two players won every matchmaked game before they could be played. YouTuber and crypto gaming analyst Jauwn disclosed the apparent exploit on X (formerly Twitter) on Saturday. He claimed that the game had been unplayable since Friday and that an alleged malicious actor had found a way to become the only player that other gamers matched with. Two accounts, Schilleri11 and Paulstar111, were at the heart of the controversy with one of them reportedly ranking at the top of the leaderboards…

Changpeng Zhao (known as CZ), a Binance cofounder and its former chief executive officer, has responded to a recent tweet by Justin Sun about the fees charged for listing his coins on Binance and Coinbase. Sun and CZ, who know each other very well and even worked on a few projects together, say that Binance charges zero, while other exchanges demand huge listing fees. Other crypto community members claim the opposite. Justin Sun reveals huge fee charged by Coinbase for listing TRX Justin Sun, the founder of the Tron blockchain, now owns two major centralized cryptocurrency exchanges – Huobi and…

Riot Platforms reported a 23% increase in total Bitcoin mined in October. The Bitcoin (BTC) mining and digital infrastructure firm, whose operation is one of the largest in the industry, announced on Nov. 4 that it mined 505 BTC in October. Compared to the previous month when Riot produced 412 bitcoins, this marked a 23% increase and the best monthly production since the 2024 halving. The company also raised its daily mining average from 13.7 BTC to 16.8 BTC. Read more: Riot Platforms posts 52% decrease in Bitcoin production for Q2 According to Jason Les, chief executive officer of Riot,…

The U.S. Bitcoin spot exchange-traded funds have recorded a daily outflow of $54.94 million as of Nov. 1, and Ethereum follows suit with a $10.93 million outflow. The latest data from SoSoValue shows that the U.S. Bitcoin (BTC) spot ETFs exhibited a $54.94 million outflow on Nov. 1. The one-day net inflow of IBIT stood at $0. According to the data, the cumulative net inflow of IBIT stood at $26.14 billion. On the other hand, GBTC exhibited a $5.51 million outflow, which has brought its cumulative net inflow to -$20.16 billion. FBTC, ARKB, and BITB showcased a net outflow of…