Author: NBTC

The Hong Kong government has approved the use of BTC and Ethereum for immigration applications. Travelers can use these coins as proof of assets required by authorities. The move comes after two successful cases where applicants from mainland China used crypto holdings in their residency applications According to reports, Hong Kong-based accountant Xiao Yaohe revealed that on February 7, a client successfully applied for investment immigration using HK$30M worth of ETH as proof of assets. In another case, one applicant was approved after presenting Bitcoin holdings as their financial proof. These cases mark the first instances of crypto being accepted…

I couldn’t tell you exactly how many hours I’ve spent mining fake gems in the mobile game Idle Mine, which pays out real Bitcoin as you play—but it’s probably more than I’d like to admit. It’s surely more than is warranted, based on how much Bitcoin I’ve banked. Like mobile developer Fumb Games’ other Bitcoin-earning titles, including Bitcoin Miner and SpaceY, Idle Mine is a simple, nearly mindless experience that rewards regular play on iOS or Android by paying out stacks of satoshis (aka 1/100,000,000 BTC). Screenshots from Idle Mine. Image: Decrypt Idle Mine tasks you with mining digital gems…

Bitcoin price failed to stay above the $100,000 zone. BTC is correcting gains and might struggle to stay above the $96,000 support zone. Bitcoin started a fresh decline from the $102,500 resistance zone. The price is trading below $100,000 and the 100 hourly Simple moving average. There was a break below a connecting bullish trend line with support at $98,500 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,500 support zone. Bitcoin Price Dips Below $100K Bitcoin price started a decent upward move above the…

Ether (ETH) has underperformed other cryptocurrencies in recent months as the Ethereum blockchain has faced “intense” competition from other networks, Wall Street bank JPMorgan (JPM) said in a research report on Wednesday. The token lacks a compelling narrative like that of its larger peer bitcoin (BTC, the bank said, adding that bitcoin benefits from its perception as a store of value and as digital gold. Despite upgrades, such as Dencun, activity has shifted from the main Ethereum network to its layer 2’s, which is detrimental to the blockchain’s growth, the report said. The network’s latest upgrade, Pectra, is likely to…

FRANKFURT, Feb 6 (Reuters) – The European Central Bank hopes U.S. President Donald Trump’s plan to support cryptocurrencies pegged to the U.S. dollar will speed up legislative backing for the digital euro, ECB board member Piero Cipollone told Reuters. The ECB has presented its digital currency – essentially an online wallet guaranteed by the central bank – in part as an electronic means of payment that does not rely on dominant U.S. providers such as Visa (V.N), opens new tab and PayPal (PYPL.O), opens new tab. Cipollone said Trump’s support for globally available stablecoins tied to the dollar would help…

In a significant development tracked by blockchain analysis platform Arkham, BitMEX co-founder Arthur Hayes has conducted large-scale transactions involving Ethena’s ENA tokens. BitMEX Co-Founder Arthur Hayes Transfers $6.54 Million Worth of ENA Tokens, Sends Most of It to Binance Basic Details of Transfers Hayes withdrew 7.952 million ENA tokens (worth around $6.54 million) from Ethena. Two major transactions were recorded following the withdrawal: Binance transfers: Hayes transferred 4.845 million ENA tokens (worth approximately $3.99 million) to a Binance deposit address. Additional Transfers: Hayes moved 3 million ENA tokens to another address suspected to be linked to him (0xab…9532). From there:…

A federal judge in Washington, D.C., has refused to block Elon Musk’s Department of Government Efficiency (D.O.G.E) from accessing US Department of Labor data. The ruling came on Saturday after the labor union American Federation of Labor and Congress of Industrial Organizations (AFL-CIO) filed a lawsuit against Elon. In its court filing, the AFL-CIO said that Elon’s access to labor data could lead to a conflict of interest by giving him inside information about investigations into his companies (Tesla, SpaceX, X, and The Boring Company). Judge John Bates reviewed the case and said he was concerned about Elon’s actions but…

Lumia is tokenizing $220M in Istanbul real estate, using Polygon’s tech for scalable, secure RWA tokenization. Lumia’s collaboration with Sen Group aims to tokenize $1B in real estate, advancing DeFi integration with RWAs. Lumia, a blockchain project focused on real-world asset (RWA) tokenization, is advancing plans to tokenize two towers in Istanbul valued at over $220 million. Powered by Polygon’s cutting-edge technology stack, Lumia aims to reshape the future of real estate tokenization and further enhance cross-chain interoperability for digital assets. With its plans to tokenize $1 billion in assets by the end of the year, Lumia is branding itself…

Bitcoin is under short-term pressure as macroeconomic shifts and changing sentiment continue to weigh on upward momentum. Despite reaching a record high of over $108,000 in December, Bitcoin has seen a reversal driven by a strengthening U.S. dollar, heightened volatility, and cautious positioning among traders. That’s according to Joe McCann, founder and CEO of crypto investment firm Asymmetric, who has adopted a more bearish outlook in the near term while maintaining a bullish long-term stance. McCann noted a confluence of market signals, including a December 18 hawkish Federal Reserve press conference and a significant move in the Volatility Index (VIX),…

Will the growing fear in the market drop Ethereum back to $2,150? or is the uptrend to $4,100 inevitable amid rising institutional support? As Bitcoin retraces back to the $97,000 mark, Ethereum is back to retest the bullish dominance at $2,700. Amid the increased market volatility, the Fear and Greed Index has shifted into the fear zone, now sitting at 35. Currently, Ethereum is down 4.17% over the past 24 hours, extending its 7-day decline to 16.49%. With bulls struggling to maintain dominance above the $2,700 mark, ETH price analysis points to a possible rally following a triangle breakout pattern.…