Author: NBTC

Bitcoin’s (BTC) price dropped unexpectedly below the $60,000 mark, leaving investors and analysts scrambling to decipher what might have triggered the move. Bitcoin, the first and largest cryptocurrency, temporarily fell below $60,000 for the first time in more than a month as volatility rose ahead of the halving event scheduled for April 20. The largest cryptocurrency plummeted to a low of $59,648 on Wednesday before paring its losses. Bitcoin is already down nearly 15% from its record high of $73,750 on March 14. Recent market data suggests that a significant factor contributing to the BTC price decline may be a…

In an eye-catching development, ancient wallets connected to Vitalik Buterin, the cofounder of Ethereum (ETH), have resurfaced amid the current surge in ETH prices. Reports indicate that 200 ETH, equivalent to a staggering $600,000, originating from the very wallets that once funded Buterin’s ventures, have recently been traced to a transaction with the U.S.-based cryptocurrency exchange, Kraken. The saga began nine years ago when an address known as “0x5eD” initially funded Vitalik Buterin’s wallets. Just two days after this historic transaction, a substantial amount of 2,000 ETH was swiftly transferred from “0x5eD” to another address labeled “0x2FE.” Remarkably, these ETH…

The Hong Kong Monetary Authority and the Peoples Bank of China have expanded the digital yuan pilot to enable the use of e-CNY wallets in Hong Kong. China and Hong Kong have been conducting cross border digital yuan trials. The Hong Kong Monetary Authority (HKMA) and the Peoples Bank of China (PBOC) expanded the scope of their cross-border digital yuan pilot to allow the use of e-CNY wallets by Hong Kong residents. The digital yuan is China’s central bank digital currency (CBDC). China has been piloting the digital yuan for several years and is among the most advanced of the…

Industry pundit Del Crxpto has claimed to possess inside information about undisclosed Shiba Inu developments, which is influencing his SHIB accumulation spree. In a recent post on X, Del Crxpto, a well-known Shiba Inu advocate, asserts having exclusive insights into yet-to-be-revealed Shiba Inu developments. According to him, he “knows the future,” and he is fully aware of “what’s coming for SHIB.” Continued Accumulation for What’s Coming for Shiba Inu However, Del Crxpto declined to share this information. He noted he is unable to share undisclosed details to maintain his relationship with Shiba Inu officials. Meanwhile, in a bid to bolster…

Oklahoma has signed into law a bill protecting crypto-related rights. The Oklahoma State Legislature website indicates Governor Kevin Stitt approved HB 3594 on May 13. The bill comes into effect on Nov. 1. Under the new law, the Oklahoma state government cannot prohibit, restrict, or impair the use of crypto in purchases or the self-custody of crypto. Furthermore, state and local governments cannot impose additional taxes or other charges specifically targeted at crypto. Taxes on legal tender apply. Mining and other protections HB 3594 also protects home crypto mining and mining businesses by declaring it legal to participate in either…

While to the greater Bitcoin culture, Bitcoin halvings are seen as a celebratory event, for miners, things tend to be a tad stressful. As Bitcoiners around the world gather to celebrate block 840,000, miners are hunkering down and preparing for their reward for mining blocks to decrease by 50%, while the cost of their operations remains the same. With the next bitcoin halving scheduled to occur on April 19, one might imagine that Fred Thiel, CEO of Marathon Digital Holdings, the largest publicly-traded Bitcoin mining company in the world, might be worried. But after sitting down with Thiel just days…

Investment companies eager to introduce the first ETFs based on Ethereum face potential disappointment. The U.S. Securities and Exchange Commission (SEC) has not yet indicated it is ready to approve such products. After months of silence, the US regulator is expected to announce its decision next week on at least one application for an ETF that invests directly in Ethereum, the world’s second-largest cryptocurrency. Some fund companies are expecting a rejection, citing less robust private dialogues with the SEC than before the approval of spot-Bitcoin ETFs in January. In the weeks leading up to the approval of Bitcoin ETFs, fund…

Bank of America raised Coinbase to neutral from underperform and boosted its price target to $217 from $110. The current macro backdrop has been positive for crypto market cap growth and trading volumes, the report said. The bank said risks include the exchange’s continued dependence on transaction revenue and the company’s ongoing lawsuit with the SEC. Coinbase (COIN) shares rose 2.5% in pre-market trading on Friday after Wall Street giant Bank of America (BAC) upgraded the shares to neutral from underperform. The investment bank raised its Coinbase price target to $217 from $110. The stock was trading around $204 at…

DWF Labs, a prominent cryptocurrency market maker and Web3 investing firm, has recently announced new token listings. As per the announcement, the platform mentioned 7 trading pairs that it is listing on its project DWF Liquid Markets to provide users with more trading options. The company disclosed the news of this move on its official account on X. Good news is coming! New listings are available on DWF Liquid Markets. 🔥The trading pairs available are:– AXL/USDT (@axelarnetwork)– DECHAT/USDT (@dechat_io)– AIOZ/USDT (@AIOZNetwork)– MBOX/USDT (@MOBOX_Official)– ZKB/USDT (@ZKBaseOfficial)– ZCX/USDT (@unizen_io)-… pic.twitter.com/NbgNQKINqH — DWF Labs (@DWFLabs) May 6, 2024 DWF Labs Lists 7 Exclusive…

The US Senate plans to vote on Joint Resolution 109 on Thursday, and sources on and around Capitol Hill say they believe the measure will draw enough Democrat support to pass. Joint Resolution 109, which passed the House of Representatives last week with bipartisan support, aims to invalidate the Security and Exchange Commission’s controversial Staff Accounting Bulletin (SAB) 121. SAB 121, introduced in March 2022 and enacted the following month, states that digital asset custodians should report a liability and “corresponding assets” on their balance sheets for all custodied cryptocurrencies. While not an official agency rule, which would have required…