Author: NBTC

Bitcoin (BTC), Etheruem (eth) and altcoins have been experiencing a correction in recent days. At this point, Bitcoin fell to $112,000 after reaching a new ATH of $124,000 last week, while Etheruem, which was said to reach a new ATH, fell from $4,800 to $4,000. While expectations for a new ATH for Ethereum are still ongoing, the ETH report came from US banking giant JPMorgan. According to Coindesk, JPMorgan analysts said that the increase in both ETFs and corporate treasuries could further push the price of Ethereum. To this point, JPMorgan analysts said Ethereum was outperforming Bitcoin, supported by strong…

Markets are quickly recalibrating previously lofty odds of an imminent rate cut as the jets touch down in Jackson Hole for the Kansas City Fed’s Economic Symposium. The current data does not make the case for a September ease, said Cleveland Fed President Beth Hammack, speaking with Yahoo News in Wyoming. “We have inflation that’s too high and has been trending upwards over the past year,” she said. “If the meeting was tomorrow, I would not see a case for reducing interest rates.” She further argued that inflation numbers are only beginning to show the impact of tariffs and that…

An Australian businessman has been accused of misleading investors after his crypto firm collapsed. Christopher Flinos was banned in the Cayman Islands and Abu Dhabi after his crypto company Hayvn collapsed amid fraud allegations back in Melbourne. According to reports, Christopher Flinos ran the company, which paraded itself as a regulated and compliant payment solution for the authorization, clearing, and settlement of cryptocurrency payments. The company also earned a license to operate in the Cayman Islands. However, his company’s license was canceled by the Cayman Islands Monetary Authority (CIMA) in June, banning Flinos from being a company director in the…

Ethereum’s rally in early August drove the largest altcoin to a cycle peak of $4,793 by August 14, marking one of its strongest performances of the year. However, the sharp rise also triggered a wave of profit-taking, which has since put significant pressure on the asset and caused it to lose much of its recent gains. With selloffs intensifying in the derivatives market, ETH now faces the risk of a breakdown below the $4,000 price mark. ETH Faces Heavy Sell Pressure ETH’s price has been weighed down by the bearish tilt in sentiment among its derivatives traders. This is reflected…

Wealthy families and investment offices across Asia are stepping up their involvement in cryptocurrencies, encouraged by strong market performance, wider adoption, and supportive regulatory moves in major financial centers. Wealth advisers say they are fielding more calls, trading platforms report heavier activity, and specialist funds are drawing steady inflows as wealthy investors look to add exposure. “We raised over $100 million in just a few months, and the response from LPs has been encouraging,” said Jason Huang, founder of NextGen Digital Venture. He said that his investors are primarily family offices and tech entrepreneurs who see digital assets becoming important…

Vancouver may use Bitcoin mining heat to warm the Kitsilano Pool. The Mayor proposes Bitcoin taxes and reserves to strengthen city finances. Public input will guide decisions on pool heating and Bitcoin adoption. Vancouver might soon use Bitcoin mining for more than financial gain. City leaders are considering channeling the heat from mining rigs into the Kitsilano Pool, a beloved public swimming spot. The plan surfaced during the Learning Bitcoin conference, where Mayor Ken Sim joined conversations on weaving Bitcoin into municipal services. Imagine swimmers enjoying warm water powered by digital gold—an idea blending creativity with practicality and stirring excitement…

The Solana ecosystem is taking a leap into hardware with the forthcoming launch of its first handheld gaming console. Play Solana, a project dedicated to building a Web3 gaming device on the Solana blockchain, announced that it will start shipping its Play Solana Gen 1 (PSG1) device on Oct. 6. The device comes with gaming-ready specs, including an octa-core ARM processor, 8 gigabytes of RAM, WiFi and Bluetooth connectivity and a touch LCD display. It also includes a built-in hardware wallet and fingerprint authentication, allowing users to store crypto assets while playing games. It also launched a limited non-fungible token…

ETH Strategy, a DeFi protocol that mimics corporate treasury operations on-chain, is now deploying its ETH into yield-generating positions through a partnership with Etherfi, a non-custodial liquid staking protocol. According to an Aug. 18 blog announcement, allocations to partners like Etherfi are “intended to generate sustainable ETH-denominated returns as part of the ETH Strategy treasury program.” Users will get on-chain receipt tokens for each position, which act as a live, verifiable “proof of reserves,” ETH Strategy explained. ETH Strategy, which has over 11,000 ETH in its treasury, says the integration is “designed to sit alongside other DeFi venues as we…

The financial world is buzzing with news that the California State Teachers’ Retirement System (CalSTRS), the third-largest U.S. pension fund, has gained significant CalSTRS Bitcoin exposure. This monumental move involves a $133 million investment through MicroStrategy (MSTR), signaling a pivotal moment for institutional adoption of digital assets. This development, first highlighted by The Bitcoin Historian on X, showcases how even traditional, large-scale investment vehicles are beginning to embrace the evolving financial landscape. Understanding CalSTRS’s Strategic Bitcoin Exposure Many might wonder how a teachers’ pension fund invests in Bitcoin. CalSTRS isn’t directly buying Bitcoin. Instead, they are investing in MicroStrategy (MSTR)…

Pavel Durov, founder of the messaging application Telegram, provided an update regarding his ongoing case in France, and said the criminal investigation against him is “struggling” to find any evidence of wrongdoing. Durov said his arrest by French authorities in August 2024 was “unprecedented” and added that holding a tech executive accountable for the actions of independent users was “legally and logically absurd,” in a Telegram post on Sunday. Durov added: “A year later, the ‘criminal investigation’ against me is still struggling to find anything that I or Telegram did wrong. Our moderation practices align with industry standards, and Telegram…