Author: NBTC
Iranian authorities have confirmed the seizure of about 240,000 cryptocurrency mining rigs over the last three years. The confirmation was made by the state electricity company Tavanir on Sunday, as the company bemoaned the state of electricity in the country. According to reports, Iran has been suffering from power shortages and network instability over the last few months, something that has become a source of worry to concerned higher-ups. According to the CEO of Tavanir, Mostafa Rajabi Mashhadi, the confiscated cryptocurrency mining rigs had consumed electricity estimated to be around 800 megawatts. In his statement, Mashhadi compared the electricity consumed…
Bitcoin price held steady above $95,550 even as popular American stock indices and exchange-traded funds dived. Bitcoin (BTC) was trading above $96,550 at last check Saturday morning, a day after U.S. equities had their worst day this year. Nasdaq 100, S&P 500, and SCHD retreats The blue-chip S&P 500 index dived by 1.71%, while the tech-heavy Nasdaq 100 fell by 2%, erasing 455 points. Similarly, the Dow Jones and the small-cap-weighted Russell 2000 fell by 1.70% and 3%, respectively. The Schwab US Dividend Equity ETF fell by 0.5%. This ETF, known as the SCHD, tracks some of the biggest value…
Gary Cardone, a seasoned investor and twin brother of entrepreneur Grant Cardone, announced he sold his entire XRP position at $2.71. Posting his today on X, Cardone, drawing from his 40 years of financial experience, cited six personal investment rules as the driving force behind his exit. In his post, Cardone told XRP investors he wishes “they get stupid rich,” but admitted he doesn’t think that will happen. “My best hopium is out to each of you,” he continued. The American-born explained how he avoids assets with unclear supply-and-demand dynamics unless he has a significant advantage. He also stated that…
Under President Donald Trump, the US government is working toward establishing clear regulations for the crypto industry. At a Friday meeting with crypto industry executives at the White House, Trump announced that he has asked Congress to pass crypto legislation before the August recess. Today at the summit @POTUS asked Congress to pass crypto legislation before the August recess. A bipartisan majority in Congress is moving with urgency. https://t.co/xbRooDXcfM — Brian Armstrong (@brian_armstrong) March 7, 2025 White House Summit Sparks Regulatory Clarity – Industry Reacts Coinbase CEO Brian Armstrong considers the development historic. He cites two key achievements from the…
A new technical analysis on TradingView suggests Bitcoin may be approaching a decisive moment, with a possible breakdown below key support levels. This analysis comes amidst a weakening buying pressure in Bitcoin, which opens up the possibility of a break below a strong support level. If this happens, Bitcoin could see further downside to $80,000 or even $73,000 in the coming weeks. Bitcoin Faces Critical Support Test At $93,000 Technical analysis shows that Bitcoin has been fluctuating between an upper resistance zone at $108,000 and a lower support level at $93,000. Particularly, crypto analyst MMBTtrader noted that this support zone…
Ethereum co-founder Vitalik Buterin has argued that the collapse of Solana meme coin LIBRA is a teachable moment, taking it as “an example of why education is so important.” In a tweet, Buterin said that, “The recent news should be taken not as a reason to give up,” emphasizing the importance of education in the crypto space. Lauding Argentina’s community of “amazing builders, who have already contributed some of the most important software in the Ethereum ecosystem,” he added that, “I continue to be very optimistic about Argentina and Latam’s contributions and role in the space.” In a follow-up tweet,…
At a time when the UN is discussing possibilities to counter the threat of crypto money laundering, a work report, presented by Ying Yong, the Procurator-General of the Supreme People’s Procuratorate, at the Third Session of the 14th National People’s Congress, reveals that nearly 3,032 people were prosecuted for crypto money laundering crimes in 2024. Let’s dive in to learn the details! China’s Crackdown on Crypto Money Laundering As per Yong’s work report, no fewer than 3,032 people were booked in connection with crypto money laundering crimes in 2024. How does crypto money laundering work? Criminals hide dirty money by…
Dogecoin price started a fresh dip from the $0.284 resistance level recently. The DOGE price dipped below the $0.270 and $0.260 support levels and even dropped below $0.250. A low was formed at $0.242, and the price is now attempting to recover. Meanwhile, ChowWow ($CHOW) combines staking-to-earn and play-to-earn features, making it an appealing option for a wider range of crypto enthusiasts seeking the most promising crypto project. Its presale provides easy access to the project with a low minimum purchase requirement, special airdrops, and competitions. Dogecoin Price Stack In Limbo: What Could Be Holding Back Its Recovery? Dogecoin price…
The White House held its first-ever “crypto summit” on Friday, where several industry leaders met to discuss the Trump administration’s steps towards crypto regulatory clarity. Among the attendees was Ripple CEO Brad Garlinghouse, who said he was “pleased to see the incredible support from this administration.” In an X post late Friday, the CEO coined the time President Trump and Crypto Czar David Sacks have spent discussing regulatory frameworks for digital currencies as “weeks that feel like months.” Ripple CEO: We need a level playing field Garlinghouse, an advocate against the Securities and Exchange Commission’s legal actions against Ripple under…
Bitcoin’s price rally may be under threat as it continues to trade under $100,000. According to analysts at JPMorgan, there’s been a notable decline in institutional interest in the crypto industry, particularly through Bitcoin and Ethereum futures contracts. Institutional Demand Declines, Futures Market Signals Weakness Institutional investors have been a major primer for Bitcoin’s price rallies in the past year and they have been influential in Bitcoin’s break above the $100,000 mark. However, since breaking above this level, the Bitcoin price has failed to push further, which is a sign of a slowdown in institutional investments. This slowdown in institutional…