Author: NBTC

On Mar. 11, Bitcoin touched a new record at $71,500 high, fueled by investors pouring more liquidity into the market. The price of Bitcoin (BTC) quickly surged to a new all-time high at $71,569 (on BitMEX), breaking the record it set just a few days ago. As a result, Bitcoin‘s market capitalization has neared $1.4 trillion, as per data from CoinMarketCap. Bitcoin prices on Korean exchanges | Source: Coinranking Additionally, data from Coinranking revealed a substantial increase in Bitcoin prices on South Korean crypto exchanges, exceeding the $75,000 mark mainly due to the Kimchi premium, which denotes the spread in…

Deutsche Bundesbank president Joachim Nagel reaffirmed Eurosystem’s inability to identify individuals through CBDC payments, highlighting minimal data visibility. The Eurosystem wouldn’t be able to identify people based on their payments with central bank digital currencies (CBDCs), as it would see “only a minimal set of data necessary to fulfill Eurosystem tasks, such as settlement,” Deutsche Bundesbank president Joachim Nagel said during his speech at the DZ Bank Capital Markets Conference 2024. Addressing privacy concerns, Nagel noted that financial institutions and other payment service providers processing digital euro payments “would not be allowed to use personal and transaction-related data for commercial…

Celestia is making strides to the Arbitrum ecosystem. Celestia has introduced Blobstream. Now Blostream is set to change customizable chains, known as Orbit chains. These chains can be either Layer 2, settling directly to Ethereum, or Layer 3, settling to Arbitrum’s Layer 2, Arbitrum One. Simplified Data Availability Now what Blobstream does is uses Celestia’s technology and makes data easily available. A method is used in this process that is called data availability sampling or (DAS). It makes sure everyone in the network can access transaction and state change data easily. With Blobstream, Orbit Chains can now send data to…

Bitcoin news: MicroStrategy’s wallet has reached 13.7 billion dollars, with unrealized profits of 7.6 billion dollars on its BTC purchases. This represents a total gain of almost 125%, more than double. Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Bitcoin surpasses $70,000 and sets a new all-time high Bitcoin news: MicroStrategy’s accumulation strategy and the gain of its wallet Bitcoin news: MicroStrategy’s wallet realizes almost +125% in gains Riding the wave of Bitcoin which has just surpassed $70,000, there are the big holders who are reaching their historical maximum earnings. MicroStrategy, the Business Intelligence company of bitcoiner Michael Saylor,…

President Biden has formally suggested the highest top capital gains tax rate in over a century. According to the proposal, the top marginal rate on long-term capital gains and qualified dividends would rise to 44.6%. This could significantly impact the financial returns of investors in stocks and crypto. In many states, the combined federal-state capital gains tax under Biden’s plan would exceed 50%. Additionally, the capital gains tax is not adjusted for inflation, which adds another layer of complexity to the proposed tax increase. Capital gains taxes often result in double taxation, mainly from investments in stocks, stock mutual funds,…

Some Cardano ecosystem tokens, including Minswap (MIN), Indigo (INDY) and Liqwid (LQ), have the potential to deliver impressive returns for investors in 2024. While Cardano (ADA) as a token has not performed as impressively as anticipated, its ecosystem has continued to record significant growth. Notably, this bullish growth path began last year and has persisted into the current market phase. Last November, The Crypto Basic reported that the Cardano TVL had grown to 669 million ADA at the time, marking a new all-time high in terms of ADA. This figure would translate to over $2 billion at ADA’s all-time high…

Bitcoin has obliterated all previous benchmarks to set a new all-time high of $71,092 on the Bitstamp exchange. This unprecedented surge comes at a time when the cryptocurrency industry is witnessing increased mainstream adoption and a significant influx of investments from both retail and institutional players. Bitcoin ETFs shine The achievement follows the approval of several spot Bitcoin Exchange-Traded Funds (ETFs) in January, signaling a growing acceptance and confidence in digital currencies as a legitimate asset class. This regulatory milestone has undoubtedly played a pivotal role in bolstering investor sentiment and paving the way for Bitcoin’s recent rally. Prior to…

An ECB executive board member wants Apple to change how iPhone payments work to support a potential digital euro. He claims the tech giant’s current system may not support offline payments for any European Central Bank digital currency. The member, Piero Cipollone, outlined his concerns in a letter to EU antitrust chief Margrethe Vestager dated April 19. “Apple’s proposed commitments would not give third parties full access to the secure element (SE), but only allow for the usage of Host Card Emulation (HCE),” he said. For clarification, a secure element (SE) is a specialized chip engineered for enhanced security. It…

Shiba Inu can record substantial price growth if it secures a spot Shiba Inu ETF capable of attracting at least 10% of inflows witnessed by the spot BTC ETF products. The Bitcoin market has benefited massively from the public trading of the spot BTC ETF products approved by the U.S. SEC two months back. These investment vehicles have attracted inflows from traditional institutions, resulting in BTC reaching new heights before its halving. Amid the success of the spot Bitcoin ETFs, several crypto communities have clamored to see their native tokens secure a similar investment product. Ethereum (ETH) is on the…

A recent study has calculated that global Bitcoin mining is consuming less energy than banks consume. The research was conducted by Payless Power, a retail energy provider serving the state of Texas, and analyzed the energy consumption of both Bitcoin mining and the traditional banking system. According to Payless Power’s calculations, the Bitcoin network consumes about 167 TWh of energy per year, while the global banking system consumes more than 258 TWh. In other words, according to this research Bitcoin would consume 35% less than traditional banks. Bitcoin vs. banks: mining requires less energy The calculations The comparison and the…