Author: NBTC
The U.S. Bitcoin mining industry is facing potential disruptions following President Donald Trump’s latest tariff announcement, which will impose a minimum 10% duty on all imports starting April 5. Bitcoin Mining Industry Braces for Impact as Trump’s Tariffs Hit Supply Chains Additionally, Thailand and Malaysia, major players in the Bitcoin mining hardware supply chain, will face higher customs duties of 36% and 24% respectively, starting April 9. Many major Bitcoin mining companies operate in the United States, but their supply chains are concentrated in Asia. Bitmain, a Beijing-based Bitcoin mining hardware giant, has production lines in Indonesia, Malaysia, and Thailand.…
In today’s dynamic economic landscape, seasoned investors are reevaluating their portfolios and considering the potential of Bitcoin as an alternative to traditional assets like real estate. With a finite supply and transformative growth potential, Bitcoin presents a compelling case for forward-thinking investment strategies. Real Estate: The Illusion of Stability Real estate has long been regarded as a safe haven for preserving wealth. However, the housing market is not immune to systemic risks such as interest rate hikes, government intervention, and economic downturns. Moreover, property investments often require significant maintenance costs, taxes, and liquidity sacrifices. Bitcoin, in contrast, offers unparalleled portability,…
Federal Reserve Chair Jerome Powell is expected to move toward renewed quantitative easing (QE), potentially focused on the U.S. Treasury bond market. This expectation follows a reported meeting between Powell and Treasury Secretary Scott Bessent in early March. In a blog post, BitMEX co-founder Arthur Hayes suggested Powell is preparing to scale back the Fed’s current quantitative tightening (QT) program. Hayes believes the Fed will support Treasury markets with new liquidity injections, possibly starting this summer. Why the Potential Shift from QT to QE? According to central banking observers, Bessent pointed out to Powell during their meeting that upcoming Federal…
Cardano-based light wallet, Yoroi Wallet, announces plans to integrate with Walmart to allow users to earn ADA cashback whenever they purchase goods from the retail store. Bring, a popular white-label cashback platform, announced the development yesterday on X. According to the post, Walmart will soon be integrated with Yoroi Wallet, enabling users to shop for different items like fashion products, electronics, and groceries. Cardano Cashback Rewards The upcoming integration comes with a special incentive, allowing shoppers to earn ADA cashback on their purchases. “From household items to the latest tech gadgets, Walmart has everything you need. Soon, your shopping will…
Three people pulled a prison sentence from a South Korean court for orchestrating an investment scheme that defrauded victims of around 610 million Korean won (approximately $416,000). Busan District Court Criminal Division 6 convicted the defendants of breaching the Act on the Aggravated Punishment of Specific Economic Crimes. Busan crypto scammers deceived investors with false promises The three men ran an illicit crypto investment in a building in Busan in June 2019, deceiving investors by promising to “select and trade around 1,000 quality coins (virtual currencies) from around the world. They promised investors monthly returns equivalent to 30% of their…
Cango Inc., the 14th-largest publicly listed bitcoin miner by market cap, has entered definitive agreements to sell its China-based operations to Ursalpha Digital Limited for $351.94 million, accelerating its focus on global bitcoin mining. Cango Sheds PRC Operations to Fuel Mining Ambitions Cango’s (NYSE: CANG) cash deal includes an initial payment of $210.64 million upon closing, with the remaining $141.3 million contingent on Cango fulfilling tax obligations and reducing credit risk exposure linked to sold entities. The transaction, approved by Cango’s board and a special committee, responds to a March 14 proposal from Enduring Wealth Capital Limited (EWCL) to acquire…
Bitcoin is entering one of its strongest months of the year, but rising concerns over global tariffs and inflation risks could dampen its performance. According to CoinGlass, February has historically been a positive month for the leader BTC, closing in the green with an average return of 14% in all but two years since 2013. Having finished January with a 9% gain, investors are bracing for increased volatility due to changing macroeconomic conditions. Market analysts are warning that recent geopolitical developments could overshadow Bitcoin’s seasonal strength. Antoni Trenchev, co-founder of cryptocurrency exchange Nexo, noted the impact of the sweeping tariffs…
Crypto and stock markets alike saw a jump Wednesday morning following a report that Tesla and SpaceX CEO Elon Musk will depart his current role as a close ally to President Donald Trump. Bitcoin rapidly spiked to $87,300 for the first time since March 27, while major stock market indices like the S&P 500 and Nasdaq both bounced into the green for the day following the publication of Politico’s report, which cites three sources close to Trump who asked not to be named. Tesla (TSLA)—one of the world’s biggest publicly traded Bitcoin reserve holders—saw a surge following the report, rebounding…
The United Arab Emirates (UAE) government and cryptocurrency project Shiba Inu have partnered to promote Web3 innovation and growth in the country. In an announcement shared with crypto news, Shiba Inu (SHIB) stated that the collaboration involves the UAE’s Ministry of Energy and Infrastructure. It marks the first major partnership between a UAE government entity and a crypto project. As part of this collaboration, the MoEI and Shiba Inu have signed a memorandum of understanding under which the MoEI will leverage Shiba Inu’s platform to integrate Web3 solutions into key sectors such as energy and infrastructure. The Shiba Inu team…
Vanuatu has become the latest country with a proper legal framework for cryptocurrencies, as its Parliament last week passed the Virtual Asset Service Provider (VASP) Act. Now, virtual assets are defined in the country as “digital representations of value that may be traded and function as a medium of exchange, a unit of account, or a store of value.” However, the legislation does not cover digital representations of fiat currencies, securities, and national digital currencies, including central bank digital currencies (CBDCs). The announcement further highlighted that despite the regulations, cryptocurrencies are not legal tender in the country. “The VFSC, however,…