Author: NBTC

As Bitcoin’s price continues to trend lower, China’s renewed crackdown on domestic mining activity may help explain the sudden downturn. In Xinjiang province, an estimated 400,000 miners were forced to shut down operations and go offline. The abrupt disruption cut off revenue streams, pushing some operators to sell Bitcoin holdings to cover operating costs or finance relocation efforts. Mining Disruptions Add Pressure to Bitcoin’s Decline In a recent social media post, former Canaan chairman Jack Kong said that China’s computing power fell by roughly 100 exahashes per second (EH/s) within 24 hours. He noted that the decline, estimated at around…

Experts have highlighted the risks facing Pakistan’s emerging digital asset industry, citing the absence of clear regulations and consumer protections for investors. Keynote speakers at the Sustainable Development Policy Institute (SDPI) Conference revealed that Pakistan could achieve $300 billion in potential digital asset trading volume. For context, the country’s gross domestic product (GDP) sits at $400 billion, with digital assets offering a raft of economic opportunities for the developing nation. However, Pakistan Banks Association (PBA) President Zafar Masud disclosed that delays in rolling out a comprehensive legal framework will cost the country $25 billion in economic opportunities. Masud, in his…

Federal authorities in Russia are set to expand a full ban on cryptocurrency mining that’s already covering about a dozen of its territories. Miners in another two regions, who only recently shut down their crypto farms for the winter, may soon be completely prohibited from minting digital coins. Russian government to stop mining operations in two Siberian territories The executive power in Moscow intends to impose a year-round ban on crypto mining in southern Buryatia and Transbaikal, where restrictions on the activity are temporary at this point. The plan has been exposed by the Russian press. On Tuesday, Kommersant quoted…

Assemble AI, an AI-powered Web3 intelligence layer, has collaborated with Infiblue World, a Web3-native NFT and SocialFI platform. The partnership is aimed at delivering AI-led intelligence to advance the creator economy within the Web3 ecosystem. As per Assemble AI’s official X announcement, the collaboration promotes community-led ownership, creative expression, and digital identity. Additionally, the development underscores a key move toward improving information accessibility across the rapidly-growing NFT and Web3 sector. Assemble AI 🤝 Infiblue WorldWe’re excited to share the start of a strategic collaboration between Assemble AI and @InfiblueNFT, a Web3-native NFT ecosystem focused on digital identity, creative expression, and…

A joint report published by the New York Times and the International Consortium of Investigative Journalists (ICIJ) on November 17 revealed that major cryptocurrency exchanges facilitated the inflow of approximately $28 billion in illicit funds over two years. New York Times: $28 Billion in Illicit Funds Flowed into Global Stock Exchanges According to the report, leading exchanges such as Binance, OKX, and Bybit have become major flow points for funds generated by North Korean hacker groups, Southeast Asian-based fraud networks, and globally widespread “pig butchering” investment scams. The investigation revealed that Binance continued to accept transactions from risky entities despite…

While the crypto market remains weak, the outtrend in both Bitcoin and Ethereum spot ETFs continued last week. Bitcoin and Ethereum Spot ETFs Hit Hard: Third Week in a Row of Net Outflows According to SoSoValue data, there were net outflows of $1.11 billion from Bitcoin spot ETFs between November 10 and 14. This marked the third consecutive week of outflows for Bitcoin ETFs. The Bitcoin spot ETF with the highest weekly inflow was ARKB, managed in partnership with Ark Invest and 21Shares. The fund saw net inflows of $1.68 million last week, bringing its historical total net inflow to…

One of the most brutal, yet telling, fakeouts we have seen in weeks was just delivered by Ethereum. Bulls briefly believed that a breakout was in progress as the price pushed straight into the intersection of key resistance levels (the 50 EMA, 100 EMA and the general downtrend structure). Ethereum’s price review Rather, ETH was hit hard almost immediately, rebounding under important averages and rejecting close to $3,500. Such a move is not haphazard, rather, it is an aggressive test of market conviction, coupled with a liquidity grab. The subtlety is that such a fakeout typically occurs close to the…

Billionaire venture capitalist Peter Thiel sold the last remaining 537,000 units of Nvidia shares he owned in Q3 with zero warning and no comment. The numbers were disclosed in his latest 13F filing on Saturday, which showed that nearly 40% of his entire fund’s equity portfolio was torched in one move. Peter also reduced his Tesla stake, leaving just 65,000 shares behind. No statement, no interview, and no context whatsoever. The timing couldn’t be more jarring. Nvidia just blew past a $5 trillion valuation, its rel=”nofollow noopener” target=”_blank”>holdings, as he now holds just 65,000 shares of the Elon Musk-led company,…

After the FED announced interest rate cuts, major whale wallets began pouring capital into long positions on Ethereum (ETH). These moves signal strong confidence in ETH’s upside. They also increase overall risk. Several factors suggest that their long positions may face liquidation soon without effective risk management. How Confident Are Whales in Their Ethereum Long Positions? Whale behavior offers a clear view of current sentiment. On-chain tracking account Lookonchain reported that a well-known whale, considered a Bitcoin OG, recently expanded a long position on Hyperliquid to 120,094 ETH. The liquidation price sits at only $2,234. This position is currently showing…

The European Central Bank (ECB) may soon be compelled to view stablecoins not just as a regulatory concern, but also as a potential source of macroeconomic shocks, according to Dutch central bank governor Olaf Sleijpen. In a Financial Times interview, Sleijpen warned that the fast-growing dollar-pegged stablecoins could become systemically relevant to Europe’s financial ecosystem. He said that if the tokens were to destabilize, they could affect financial stability, the wider economy and even inflation. “If stablecoins are not that stable, you could end up in a situation where the underlying assets need to be sold quickly,” he said, underscoring…