Author: NBTC

Bitcoin’s surge toward its two-month high of $69,000 was fueled by strong inflows into spot exchange-traded funds and a marked rise in short liquidations. At press time Bitcoin (BTC) was trading at approximately $67,739, rising by 0.6% in the past 24 hours, while the asset’s market capitalization hovers around $1.33 trillion, driven by a daily trading volume close to $30 billion. Short liquidations surge, fueling price rally Data from Coinglass indicates that short liquidations played a critical role in propelling Bitcoin’s latest upward movement. Over the past 24 hours, Bitcoin short liquidations reached $17.91 million, surpassing $11.8 million in long…

OnChain Lens, an on-chain analyst, claimed that Vitalik Buterin, the founder of Ethereum, made news with NFT activity. Vitalik minted 400 Patron NFTs after bridging 32 ETH from the Ethereum blockchain to Base. Patron NFT project is associated with the Truemarkets Fair launch event, in which over 40% of the TRUE token supply will be distributed to Patron holders during the token generation event (TGE). There are a total of 15071 Patron NFTs available for sale with the minting price of 0.08 ETH per. Each NFT holder will be eligible to receive 666.67 TRUE tokens per NFT. As the crypto…

Ethereum remains consolidated within the $3.1K range. ETH’s surge is crucial to bolster the altcoin rally. The altcoin market saw remarkable growth this month, with SOL, XRP, ADA, PEPE, and FLOKI surging in double-digit returns. Consequently, the anticipation of the altcoin season mounts. ETH’s surge might be the missing piece to solidify the altcoin market rally. The largest altcoin, Ethereum (ETH) has stalled behind other major assets and failed to secure expected gains. After visiting a high of $3.4K on 12 November, ETH price failed to continue its upside trajectory and started a downside correction. Ethereum managed to find its…

The new day brought a new controversy around Cardano (ADA), and this time because of Charles Hoskinson, creator, founder of the blockchain and the leading representative of its decentralized ecosystem. The controversy allegedly erupted after Hoskinson commented on a meme coin that mimicked his Waldo costume for Halloween. In addition to commenting on an unproven asset, the entrepreneur included a link to its price chart. As in most cases, the meme coin turned out to be rugged by its developer with all liquidity gone, and the frustration of the ADA community turned to Hoskinson, who in the view of some…

Bitcoin remains a dominant force in the cryptocurrency industry, accounting for roughly 50% of the entire market of all digital assets combined. It relies on a decentralized network of miners to validate transactions and maintain its security. These miners, using specialized hardware known as mining rigs, play a pivotal role in the functioning of the Bitcoin ecosystem. In this article, we are going to examine the best Bitcoin miners in the market today and explore their main features, including hash rate, power consumption, price, and more. Here are the best Bitcoin miners in 2024: Bitmain Antminer S21 Hyd – Top…

Coinbase’s Ethereum Layer-2 network, Base, found itself at the center of controversy during the celebration of its 1 billionth transaction. The celebration included the release of an NFT, which inadvertently copied the work of digital artist Chris Biron. Base Hits 1 Billion Transaction On November 15, Coinbase-backed Base proudly announced that it had completed 1 billion transactions since its launch in August 2023. This milestone was achieved in just over a year, a remarkable feat compared to established networks like Bitcoin, which took more than 15 years to reach similar numbers. Base’s rapid rise is no surprise. The network has…

The crypto linked exchange-traded funds (ETFs) bonanza continues as the freshly launched Bitcoin (BTC) investment funds printed greed index for another day. Amid the continuous inflow seen over the past few weeks, BlackRock IBIT turns out to be stealing the show here. Bitcoin price has seen a marginal decline over the last 7 days as it failed to retain the crucial $68,000 mark. It seems like BlackRock is buying the BTC price dip to maintain its position of being the leader among all other ETFs. BlackRock’s Bitcoin ETF buying frenzy As per the data shared by SpotOnchain, BlackRock has been…

Paddle Finance has partnered with Kanpai Pandas to deliver a seamless and secure ecosystem for NFT and ERC20 token transactions. This collaboration brings innovative solutions to Kanpai Pandas’ community, including an integrated OTC swap portal and NFT-backed loan features. Paddle Finance has shared this groundbreaking news with the crypto community through its social media platform, X. It’s Official. Paddle and @KanpaiPandas are Partners!Paddle Finance is a non-custodial liquidity protocol for ERC20s & NFTs. Paddle Finance is building an OTC swap portal directly into the Dojo (formerly PPDEX) so that Pandas can swap ERC20s and NFTs amongst each other! This… pic.twitter.com/2ssEItADvd…

21Shares has added staking rewards to its Ethereum Core ETP, rebranding the product as Ethereum Core Staking ETP. Switzerland-based crypto exchange-traded product firm 21Shares AG added staking to its Ethereum Core ETP, renaming the product to 21Shares Ethereum Core Staking ETP. In a press release on Nov. 19, the ETP issuer said that the latest update allows investors to benefit from a potential income stream while maintaining exposure to Ethereum (ETH). Hany Rashwan, co-founder and CEO of 21Shares, said the addition of staking to ETHC is the firm’s latest move to “provide the European market with the most cutting-edge digital…

Lately, there is a lot of talk about crypto taxes, and the case of Germany and its exemption is often mentioned. It is necessary, however, to specify clearly what it is about, because it is not a simple exemption applicable to all crypto taxes. The case of crypto tax exemption in Germany Chapter 23 of the EStG Capital gains on investments in cryptocurrencies How to take advantage of the crypto tax exemption in Germany The other countries The case of crypto tax exemption in Germany As in many other countries, in Germany any capital gains from the sale of cryptocurrencies…